Not even the .com bust affected pricing of SF houses.
SF housing has only gone in one direction: up.
How is this possible?
I checked the OFHEO site, and the data goes back to only 1998. That year was only broken down by state, not MSA. I called and requested the data for the earlier years, if available by MSA. The data for the later years is limited in usefulness, because it applies only to SF homes selling for under $359K (raised to $417K recently), and when was the last time you could buy a house in that price range in SF?