BAY AREA HOMEBUYERS SUDDENLY ACTING LIKE HOUSING BUST NEVER HAPPENED

Speaking of housing, the Bay Area market sure is bouncing back nicely.

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Speaking of housing, the Bay Area market sure is bouncing back nicely.

The Bay Area’s housing market posted strong gains in December, capping off a year of sharp improvement in that region’s real estate market.

Rising at its fastest rate in more than 25 years, the region’s median home price soared 32% from the same month a year prior to hit $442,750, real estate firm DataQuick reported Tuesday. [Emph. added.]

Up 32%! I await the warnings about a new bubble. . .