Despite there being almost nothing on the market - almost 80% of the houses sold in my city went for under asking.
For sure people who bought two years ago are now flat. Negative equity is now a concern. To be more specific, people who bought two years ago will not be able to take advantage of the lower interest rates.
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May 30, 2019 - Bay Area housing slump: Home sales drop, prices turn flat.
June 28, 2019 - Bay Area home prices slump for second time in three months.
July 29, 2019 - Bay Area home sales tumble to recession levels.
September 1, 2019 - Endangered Bay Area species: the new home. New home and condo sales hit record lows
September 27, 2019 - Bay Area home sales fall steeply.
October 3, 2019 - California homeowners slashing asking prices at post-recession high.
October 4, 2019 - Median home price in Santa Cruz County dips to $877,000.
November 7, 2019 - Bay Area home prices continue to slip.
December 5, 2019 - Bay Area home prices fall, hint toward market correction.
December 23, 2019 - Have Bay Area home prices hit a ceiling?.
January 4, 2020 - Pessimism seeping into Bay Area home market for 2020.
January 16, 2020 - San Jose rental market sees unusual slowdown.
To be fair, there was a bump in January after all that REPO madness. But likely that will be faded quickly now.
January 22, 2020 - Supply of homes for sale hits record low, and prices suddenly jump.
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