The UBS Global Real Estate Bubble Index report assesses the risk of price corrections in real estate prices in global financial centers, evaluating home prices and rents, tracking historical figures, in the context of wages and the economy generally. In its 2015 report, UBS noted that, “When inexpensive financing is combined with bullish expectations, real estate prices eventually uncouple from the real economy”. It identifies San Francisco prices as “overvalued”, finding it to have the highest risk of price correction for any American city.
