SocketSite™ | Top-Tier Bay Area House Values Slip, Condos Hit New High

That being said, the overall index remains 10.5 percent higher versus the same time last year, 61 percent higher versus January 2010, and the index for condo values has hit a new all-time high.

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The concept of a 30-year mortgage was initially instituted as an affordability option.  Now it is the standard in a mobile society that expects to move every 3-5 years.   A 10-year hold on a real estate investment can be the difference of a millenial decision to buy a house and rent.