The San Francisco Bay Area has developed a famous reputation over the years for its housing prices, driven in part by the tech industry’s mammoth presence in the region, with cash-flush workers who could parlay stocks into down payments.
“Sellers could just throw their house on the market,” Fairweather said, “and then a dozen buyers would show up and bid up the price of the home so the list price didn’t matter so much.” The trend seems to have hit Los Angeles as well but at a smaller scale since prices never jumped as high as they did in San Francisco.California’s biggest environmental cleanup leaves lead contamination and frustration
Multiple factors have led to this development in the housing market: higher interest rates, layoffs in the tech sector and greener pastures elsewhere.
of course. Go Woke, GO broke..
SanFrancisco and LosAngels are sinking bc of the lowering population and crime
LA isn’t quite as big of a trash pile as SF yet but give it a little time.
Asking price vs appraised price is a big thing regardless of the city... People who can't afford the price will complain it's still too expensive but good for those who can and can bargain down
Love the word “could” in all your headlines. Keep it up.
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Source: SFBusinessTimes - 🏆 78. / 68 Read more »
Source: SFBusinessTimes - 🏆 78. / 68 Read more »