Housing recovery spreading in Bay Area

 Housing recovery spreading in Bay Area

Neighborhoods around the Bay Area, from Silicon Valley to the East Bay, are seeing home values near their pre-crash levels, according to the real estate site Zillow.com.

The Mercury News reports that 34 of 185 ZIP codes in the region have reached or come near their bubble-era peak home values and another 49 are within 15 percent.

The recovery is being felt in many parts of the East Bay, as well, though areas of Contra Costa and Alameda counties where subprime lending was heavy are still struggling.

But home values in some parts of Berkeley, Pleasanton, Oakland and Orinda have risen to 10 percent or less below their earlier peaks, the report notes.

Read more at the Mercury News.

Article source: http://www.bizjournals.com/sanfrancisco/morning_call/2013/04/housing-recovery-spreading-in-bay-area.html

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