Has the housing market slowed

Workday wdaylife
Jun 6 22 Comments

I saw few houses in Fremont with $100k price drop and it’s not even winter yet. Does this mean housing in Bay Area is having a correction? Anyone else see some other trends? I think by next year it’s gonna go down at least 10%
What’s your thoughts?

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TOP 22 Comments
  • Apple philipinef
    With slow down (zillow/redfin price cuts doesn’t lie) and potential interest rate cut (fed is under pressure, trump wants it too) only a fool would buy now. Compund this by the fact that this is summer..peak housing time of the year, definitely time to be on sidelines.
    Jun 6 1
    • Amazon Darwin++
      Winter is coming. 2x
      Jun 6
  • New / Other
    DuQvV7y

    New Other

    BIO
    Did stuff. Hustled hard. Retired
    DuQvV7ymore
    The “housing market” is much larger than what’s happening in 1 region.

    Case-Shiller already does the heavy lift on this for you...
    Jun 7 0
  • Facebook
    Instagrаm

    Facebook

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    Google, Microsoft
    Instagrаmmore
    Houses like that in Fremont cost 1.5-2x less in Seattle, whereas TC is the same or even higher. People are simply get priced out and that 100k discount doesn’t help.
    Jun 6 2
    • Workday wdaylife
      OP
      It’s a start. It’s gonna go down more. It’s a buyers market now
      Jun 6
    • Google / Eng
      sqrt(-1)

      Google Eng

      BIO
      Top Contributor or GTFO
      sqrt(-1)more
      A house like that is 1/5 of the price in Pittsburgh.
      Jun 6
  • Samsung
    chajimogo

    Samsung

    BIO
    Stressed out but surviving
    chajimogomore
    What school district in Fremont? I can bet the ones in mission San Jose at entry level are still going above asking
    Jun 7 1
    • Google bayarea6
      the asking price is in general meaningless. there is a market rate and that rate has fallen in all parts of the bay area.
      Jun 8
  • Cisco / Eng
    ⚓⚓⚓

    Cisco Eng

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    Amazon
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    Yep
    Jun 6 0
  • HPE mtpbg
    Yeah, market isn’t going up anytime soon
    Jun 6 7
    • Facebook public2
      Lol
      Jun 6
    • Yahoo / Design getAway
      There you are public 2
      Jun 7
    • Facebook public2
      I love it, so many experts on blind! I've been in real estate for decades and wouldn't try to predict next month let alone "anytime soon". I love the millenial millennial confidence. Furthermore as always the market actually doesn't matter, appreciation is gravy for investors, not the goal.
      Jun 7
    • Intel eKPG80
      How old are you public2. As a millenial I would like to learn what you think
      Jun 7
    • Facebook public2
      Old, 3ish decades work experience. What do you want to know?
      Jun 7
    • Intel eKPG80
      wow 3ish decades and still working at FB. I respect you. I live in the Seattle area as well. I have enough money saved up to buy a primary home near issaquah (looking for 700k ish). but I am wondering if I should live in a smaller place for now and invest the rest until i have a child that needs to go to school
      Jun 7
    • Facebook public2
      Work is super fun! I hope I can keep it going as long as possible. Hard to offer much advice without knowing your situation. I also buy real estate with the intent of never selling so location is the most important think for me. If you bought a place would you rent the extra rooms? Would you keep it long term? Would you have kids there? If not potentially hold off. Rates are unlikely to rise anytime soon.
      Jun 7
  • Google bayarea6
    yup! housing is very soft

    lots of good deals in fremont right now

    https://agentsunlocked.com/active/Fremont?ptype=Single-Family-Residential&deal=GOOD
    Jun 8 0
  • eBay tuljghi
    Yes .. and more days on market..
    Jun 6 0
  • Amazon Darwin++
    Every high flying city has
    Jun 6 0
  • Cisco / Eng
    ⚓⚓⚓

    Cisco Eng

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    Next year another 100k down for 2 million
    Jun 6 0
  • Okta doll$h
    I’m definitely seeing price cuts on zillow all around the bay area.
    Jun 6 0

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