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Bay Area house prices and sales down


By tovarichpeter   Follow   Fri, 13 Sep 2013, 4:09am PDT   806 views   4 comments   Watch (0)   Share   Quote   Permalink   Like   Dislike  

http://www.latimes.com/business/money/la-fi-mo-bay-area-home-20130913,0,5096845.story

San Francisco Bay Area home prices and sales fell in August from a month earlier, as the red-hot housing market in this tech-flush region showed some signs of slowing in late summer. The median home price stood at $540,000 in August, down 3.9% from July, DataQuick said Friday.

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errc   befriend   ignore   Fri, 13 Sep 2013, 4:11am PDT   Share   Quote   Like (1)   Dislike     Comment 1

Preposterous!

errc   befriend   ignore   Fri, 13 Sep 2013, 4:13am PDT   Share   Quote   Like (2)   Dislike     Comment 2

Adjust for seasonality, and everyone knows that this means prices are moonshotting.

It appears you've been infected with some sort of virus, tovarichpeterbot

curious2   befriend   ignore   Fri, 13 Sep 2013, 5:23am PDT   Share   Quote   Like   Dislike     Comment 3

errc says

Adjust for seasonality....

From the linked article, "August’s median in the nine county area is still a shocking 31.7% higher than last year."

Alas tovbot is programmed only to scan and post headlines, not to read or analyze facts.

smaulgld   befriend   ignore   Fri, 13 Sep 2013, 7:26am PDT   Share   Quote   Like   Dislike     Comment 4

Bound to happen. SF has been on an insane tear but it is a unique market-can draw few conclusions about housing nationwide from SF

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