August 25, 2012 SFgate article: SF Property Values Rebounding
"San Francisco property values, as seen through the prism of annual tax assessments, are showing strong signs of rebounding, according to Assessor Phil Ting.
Meanwhile, a separate report showed the number of underwater homes in the nine Bay Area counties slowly subsiding as values rise.
'It is starting to come back, there is no question,' Ting said. 'San Francisco remains probably the strongest real estate market in the state.'"
The full article is here: http://www.sfgate.com/default/article/SF-property-values-rebounding-3814168.php