Bay Area Real Estate Prices Rising Again

Despite a struggling economy,, real estate prices in the San Francisco Bay Area are back up to levels seen during the dot-com boom. Area residents are concerned about the escalating prices.

1 minute read

May 30, 2002, 1:00 PM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech


"Housing in this region, some of the most expensive in the country, was already unaffordable to many and the problem is growing worse as wages and employment weaken," explains the New York Times." The phenomenon in Silicon Valley, however, is somewhat different from that elsewhere, where lower mortgage interest rates have easily outweighed the recession's effect on home sales. Here, an extreme shortage of housing and land is combining with leftover wealth from the technology boom and pent-up demand from buyers who feel the real estate market is a safer place to be than the stock market. And many people who did not try to buy real estate during the boom, figuring they could not afford it, have come off the sidelines and started making offers on property even if their incomes do not justify it."

Thanks to Ali Valenzuela

Wednesday, May 29, 2002 in The New York Times

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

Close-up of "Apartment for rent" sign in red text on black background in front of blurred building

Trump Administration Could Effectively End Housing Voucher Program

Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.

April 21, 2025 - Housing Wire

Logo for Planetizen Federal Action Tracker with black and white image of U.S. Capitol with water ripple overlay.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

April 23, 2025 - Diana Ionescu

Ken Jennings stands in front of Snohomish County Community Transit bus.

Ken Jennings Launches Transit Web Series

The Jeopardy champ wants you to ride public transit.

April 20, 2025 - Streetsblog USA

View of residential street in Los Angeles with palm trees and hazy city in distance.

Rebuilding Smarter: How LA County Is Guiding Fire-Ravaged Communities Toward Resilience

Los Angeles County is leading a coordinated effort to help fire-impacted communities rebuild with resilience by providing recovery resources, promoting fire-wise design, and aligning reconstruction with broader sustainability and climate goals.

April 27 - Los Angeles County Chief Sustainability Office

Entrance sign for San Jose-Santa Clara Regional wastewater treatment facility.

When Borders Blur: Regional Collaboration in Action

As regional challenges outgrow city boundaries, “When Borders Blur” explores how cross-jurisdictional collaboration can drive smarter, more resilient urban planning, sharing real-world lessons from thriving partnerships across North America.

April 27 - * A Placemaking Journal

Rendering of Penrose Roundabout in Philadelphia, Pennsylvania.

Philadelphia Is Expanding its Network of Roundabouts

Roundabouts are widely shown to decrease traffic speed, reduce congestion, and improve efficiency.

April 27 - WHYY