The large, global investment bank UBS has put out it's annual Global Real Estate Bubble Index for 2020. It lists 25 cities around the world and classifies them as Bubble Risk or Overvalued, Fair Valued, or Undervalued. Of the 25 cities there are five in the US -- Los Angeles, San Francisco, New York, Boston and Chicago.
San Francisco is in the Overvalued group but trending down over the past three years:
Barrons describes the index this way when discussing the seven cities most at risk of a housing investment bubble: "Faced with high price-to-rent ratios and uncertain rental price growth, investors searching for a buy-to-let home may want to look elsewhere."
Keep in mind this index is focused exclusively on residential real estate as investment. So if you're not planning on renting your property the index probably isn't especially relevant -- but it is interesting.
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