BAY AREA HOMEBUYERS SUDDENLY ACTING LIKE HOUSING BUST NEVER HAPPENED

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. . .