Zillow projecting 1%+ decrease in prices in sf
Just noticed this in 94123 zip and a number of others in SF. It would stand to reason that Zillow's algos at least think we're at or past peak? @Zillow - how legit are your estimates?
Starting to see a rise in inflation, which means salaries should increase. Stocks are at record high. I doubt house prices will drop, especially in SF. 1% is just post summer adjustment.
Just pull up a Zillow listing in the area you want to look at(eg. by zip). They will have forecasts in the neighborhood section.
1% is too little a difference to assume any trend. Home prices are still going up like crazy.
On a public forum like this, all those who have houses will say everything favorable I.e. it’s just noise and housing prices will not go down and those who are renting will always says it’s gonna go down big. That being said, a couple of friends who are house hunting in SF said things are cooling down *a bit *.
Considering our data repositories are a reflection of our market share. We are the most legit out there. But it's not like we know exact numerics on price point movements. That's why we estimate.
Watch the salaries follow... overpriced