Based on this all around info areas are around 20% overvalued. Santa Clara, San Jose are just 5% All people in Livermore/Pleasanton/Dublin get ready for housing market crash https://fortune.com/2022/08/24/housing-market-falling-home-prices-2023-downgraded-forecast-moodys-analytics/
Same crap was said before, reality they're leading the fall because these markets are very sensitive to interest rates (both leverage levels and stock market exposure).