The housing market in the Bay Area is undergoing an amazing turn-around since January. The US Census Bureau projects 8,762 new building permits in the SF-Oakland-Fremont metro areas for the year 2012. Last year there was about 5,800 new building permits, thus we are looking at a projected 51% increase over 2011. With low interest rates, job growth, and pent up housing demand, we can expect to see more building in the greater Bay Area.
Greg Bryan is a realtor and an attorney in San Francisco
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