Bay Area Housing Prices Falling?

People who live in the Bay Area who were scrambling to find affordable homes in April were suddenly locked out of the market when interest rates started to climb.

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[hoapres]

Prices going up 100% over the last 3 years and then dropping 10% the next isn't a crash.

[hayabusa]

Yeah right dipped from $1.5M to $1.49M as if everyone can afford that

[jamesdalton]

Now with the drop people are selling and leaving California. A friend of mine just did that while homes are over valued they are cashing in and skipping the state.

[oiseaublancrouge]

Still too early. Rates take months to fully reflect.

[ecalder]

Oh great prices are going down, while interest rate are shooting up.

[Rhaspun]

Prices have dipped in the past, but housing prices have always recovered looking at past economic periods of turmoil.

[dylanhughes]

crash more so we can actually buy a house what the fuck is this market, guys? Houses have literally never been this unaffordable in the history of this country. Relative to the average income, it's the worst it's ever been. Just god awful

[cynicalrabbit]

The next housing bubble!
When will it pop and who is going to be ruined?

[garycallihan]

Yes...the collapse is evolving and will accelerate during the next few months of riots, mayhem, burnings, and other types of civil/criminal disorder. These are exciting times to be alive!