Price reduced in 1716 out of 5070 on sale over the last 30 days in seattle and east side. Housing is indeed crashing. Good luck to those who still don’t want to believe and keep their eyes closed. And feeling sad for those who bought in the last 12 months. I am one of them :(
Wow, I don't think the Bay Area is bad yet
Winter is coming!
Yeah fuck houses...wanted to buy but see it useless right now.
I knew it is coming. Fuck. My stocks.
Fuuuuuuck why did I only sell half of my FB vest.
What website is the screencap from?
Not crashing just yet. Braking. It’s going to get so much worse. Same in sf Bay Area.
breaking is a good analogy. We are definitely slowing down. We're headed in for a correction for sure. Weather that happens in the next 6 months or the next two years nobody knows. But it's definitely coming our way. I hate the stock market's head of her correction as well.
Rates are rising. Prices will drop because of it
It seems many for sale signs still come down pretty quickly or show “Sold by xxx”. At least for the sub-$1mil places which aren’t complete wrecks. I’m browsing Redfin for both Seattle and SF (the city, not SV), and there’s no longer a huge difference between the two. Whatever advantage people thought they’d get in Seattle over SF seems to be nearly lost. Taxes are lower here, but so is the pay. And you can’t put a price tag on being in the city of your choice — I mean, really, how many people out of 100 would choose Seattle over SF if costs are equal? Maybe the 5 who genuinely loathe sunshine?
I noticed prices were falling in Portland as well. Bay area is still the same though
It is not a crash, a correction I would say. Interest rates are going up therefore housing prices get corrected to matched the affordability. Beginning this year mortgage rates were on average 4 right now it is 4.7.
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Not really because of crash but because Seattle simply sucks.
So you mean Seattle started sucking recently? Earlier the weather was better?
Hahaha, no. Seattle has always sucked.