Buying a Home in San Francisco Is About to Get Even Harder

  • Tech share sales seen giving lift to Bay Area real estate
  • Silicon Valley region ranked as hottest U.S. market by Zillow
Townhomes in San Jose, Calif.

Photographer: David Paul Morris/Bloomberg

Housing in America’s most expensive region is going to get even pricier.

For all the talk of the U.S. tax overhaul hitting wealthy blue-state real estate, the San Francisco Bay area is set for more home-price gains. Its technology-fueled economy and persistent housing shortage are sending values ever higher -- and that may get even more pronounced as tech share sales mint millionaires in San Francisco and Silicon Valley.