San Francisco/California

The Peak?

Sue McAllister reports in the San Jose Mercury News that median home prices in the San Francisco Bay Area were $520,000 in April.

The new half-million-plus median price for resale single-family homes in the Bay Area was up 17 percent from April 2003, according to a report Thursday from DataQuick Information Systems.

With mortgage rates on the rise and the Fed about to increase interest rates, this has to be close to the real estate market peak for this cycle.