Bay Area housing dropping?
See a lot of house drop price recently and listing price are almost always below Redfin/Zillow estimate. Big crash coming or just end of year slow down. TC 370k
Seasonal
Federal tax breaks, people r trying to get out of high property taxes while they can.
Interest rates. Bay area buyers were already maxed out. As rates jump, they can afford less. Prices will fall as rates go up.
Fewer foreign buyers and higher interest rates will slow down the market.
Spring buying frenzy as families fight to get into good school districts is over. Itll be crazier next year as workers continue to pile into those newly built corporate campuses and the dime drops that inflation is just starting to take off.
Seasonal and immigration fears. Should be higher in Spring 2019.
Whoever is buying now is buying at top i think
Inventory is increasing and over excited sellers are dropping prices to get it out
List price and sale price are two very different things. Market is hot but not currently on fire.
Slow down, which is overdue
Depreciation which is well overdue. Reversion to the mean.