At the national level, we’re seeing a true mixed bag. Mortgage rates are at multi-year lows, and the stock market is hovering near an all-time high of 50,000. At the same time, consumer confidence remains low, employment concerns persist, and economic headlines feel uncertain.

But here’s the key point: the Bay Area does not move in lockstep with the national housing market.

What happens in San Francisco, Berkeley, and Oakland is driven by a distinct set of economic forces — most notably venture capital.

In 2025, the Bay Area attracted over $150 billion in venture capital funding. To put that into perspective, that’s more than the next 10 global cities combined, including London, New York, Beijing, Austin, and Boston.

That level of capital concentration fuels job creation, liquidity events, and buyer confidence — all of which have a measurable impact on our local real estate market.

TL;DR: The national headlines don’t tell the Bay Area story. Our market is powered by $150B+ in venture capital and uniquely strong economic fundamentals.

For a deeper breakdown, head to my Instagram and check the “STATS” Highlight for the latest market updates on San Francisco, Berkeley, and Oakland.