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Lost home equity: San Francisco homes are selling for $220,000 less than a year ago

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First published at 20:38 UTC on May 28th, 2023.

#realestate
#bubbles
#deflation

@BoogieFinger

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In many cities across the country, homes are selling for tens of thousands of dollars less — sometimes hundreds of thousands of dollars less — than just one year ago.
In San Francisco, the median sales price was $220,000 lower than at the same time last year — the largest decline by dollar amount — wiping out 13.4% in equity. Prices in Oakland, California, saw the biggest drop percentage-wise, falling 16.1% or $174,500 less year over year, according to data published by Redfin.......
https://archive.vn/hiB1A

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