Real estate experts see slowdown in Bay Area housing market

Though homes across the Bay Area continue to sell for record prices, some real estate experts say the market is beginning to level off. Max Darrow reports. (5-21-22)

[maryjason]

Bitcoin is designed to be a huge step forward in making money more secure and could also act as a significant protection against any forms of financial crime

[bstract_w]

There will be so many foreclosures soon.... That is when you buy.

[mteevie]

Until prices comes down, nothing has changed. I don't go by sales number.

[AR-mejy]

Homes are sitting longer open house showings are dead and inventory is building why would the news anchor say it’s still very much a sellers market I would begin to disagree especially with the price drops that I’m seeing

[dannybetheberry]

It's as hot as ever were I'm at. Homes started hitting 2 million like 2 years ago. And now it's at 3 million or more with nothing under a million bucks to speak of.

[sprattmann]

It's temporary and here is why. The reason that its not over is people will continue to see 30 to 40% price increases in rents every year. It's only temporarily slowed slightly. Once people see next year that rents are still going up and up and up, and start seeing that, they will be desperate to get into anything with a door and windows. The hedgefunds (e.g. Blackrock) could have easily got into credit cards and gotten 25% ROI, but instead they decided to create a legal monopoly and buy up all the single family homes in the US so they could price fix the rents every year to 20-40%+ every year and get a guaranteed ROI better than credit cards. Rents will get so shockingly high that people will do anything they can to buy up the very little inventory of homes, and that in turn will keep the market moving up for at least another 10 years. So if you don't buy a home, look forward to huge yearly increases in your rent until your homeless or buy.

[the_derpler]

Seems only the super rich and super homeless can stay here long term. Everyone in the middle is just expected to leave.

[stevenroth]

Go ahead by at the top.
Your realtor will love you and not be resposable for your morgage that is a joke.

[jaymeez]

Prices have always been out of my reach

[MiguelAngel-irck]

I went to a open home 3 weeks ago in essj and it was listed for 699k come to find out it sold for 1million . And it was a p.o.s.

[gaileickhoff]

Personally I'd really love to own real estate properties as well as REITs, I've been informed of people making as much as $30, 000 from these investments and If anyone could be lenient enough to share, I'd really love clue and tips on how to maximize profit

[veritas]

Housing market in the bay area is crashing...

[quocd]

Despite a small dip in home prices, theres still more people leaving bay area. If the "hiring" sign is still up, its obvious. The only residents left is the rich and homeless.

[GG-outz]

who would buy right now when you see inventory going up like crazy and the stock market falling and the president saying we are going to be in a full blown recession next year. just wait to buy

[tomdavis]

I love the Bay Area! I go there once a month to get $950 of free stuff with no ramifications. How great is that?
Cheers

[chrisaycock]

Tech companies are hemorrhaging money cutting benefits.. I’m sure people with tech salaries are starting to sweat and take a step back. If tech stocks keep tanking layoffs could happen. Not to mention rates will probably increase for the foreseeable future.

[Alec-Al]

Paying a monthly mortgage payment for 30 plus years is a form of servitude and slavery.

[hayabusa]

Wait till the Chinese cash buyers get their visas approved

[gzngahrofthenorth]

If the crime rate keeps up, bay area home sellers will be shit outta luck.

[lalah]

Y’all do realize that the Bay Area includes other cities and towns besides the silicone valley??