After months of weak buyer interest, agents began seeing larger crowds at open houses in January and getting multiple offers above asking price on their listings. By early March, though, climbing mortgage rates, plunging stock prices and mushrooming Big Tech layoffs tempered hopes for a spring rebound. Then came last week’s run on the bank that was intricately tied to the region’s massive explosion in wealth. #mortgage #housing #sanfrancisco https://www.bloomberg.com/news/articles/2023-03-14/silicon-valley-bank-collapse-chills-san-francisco-area-s-housing-market
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How many houses closed in the last 2 days for bloomberg to get updated data? Its so miniscule. Generating articles is their business.
Everyone commenting here is salty lol ! Go back and see the home prices again and bidding war thats going on at good pockets. It's alright to be salty, bay is keeping you all bay.
Where you think all those high earners going to stash the wealth they just got back lol (Sarcasm)
Oh wow, making this the 5th once in a lifetime global economic collapse since I've started working! I love being alive!
Party is over, time for worldwide economic collapse, it’s been a good one! o7