Source: San Jose Mercury News –
In a milestone for the Bay Area housing market, April’s home prices reached the highest levels since just before the recession began, with Santa Clara County hitting a new peak in records going back 26 years, according to a report Wednesday.
Prices for single-family homes across much of the region are at levels not seen since November 2007, the real estate information service DataQuick reported. The Great Recession began in December 2007.
“I don’t think it should be a surprise that one of the regions with the nation’s strongest economies is the closest to its previous high for home prices,” said Andrew LePage of DataQuick. “San Francisco and Silicon Valley are more than pulling their weight.”