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

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

“The scale of the wealth created here and the scale of thetechnology sector is going to outweigh the effect of the tax plan,”said Patrick Carlisle, chief market analyst with Paragon RealEstate Group in San Francisco. “The Bay Area is unique because wehave companies that didn’t exist five years ago and that are nowthe biggest the world. There’s no place on Earth that has a similardynamic.”

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