Here we go again - Bay Area House Prices New Record

https://www.sfchronicle.com/business/networth/article/Bay-Area-home-prices-surge-median-now-820-000-12860694.php I guess these folks copy the same content from last month and just update numbers. Few lines worth noting - “people are trying to desperately buy something before it becomes completely unaffordable” (read as FOMO) And “Rising mortgage rates and shrinking tax breaks for mortgages were expected to put a damper on home prices” LOL! I guess we are in final stages of appreciation cycle. End of cycle chasing and FOMO is real strong and gains are huge (be it in stocks or real estate)

Bay Area home prices soar to new record

San Francisco Chronicle