Bay Area Homes Have Slower Value Appreciation

Precisely because they are so expensive to begin with, homes in the most expensive markets – including the Bay Area – are showing a significantly slower value appreciation according to a recent report by Breakeven Horizons.

When home values rise quickly buyers will see their home equity grow much faster, offsetting and eventually allowing them to recoup the costs of buying a home.

Nationwide, home value growth ended 2016 at 6.8 annual growth. However, in the San Jose and San Francisco Bay Area it can take up to 1.5 to 2 years longer to break even on a home purchase.

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