by Patrick ➕follow (55) 💰tip ignore
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For example, at the peak, the median house price in San Francisco was over $1.7 million. That median house is nothing fancy. And the market has run out of high-income people blowing so much money on a modest house. Hence prices have come down sharply over the past six months. ...
The median house in San Francisco is so expensive that it boggles the mind.
they bought cheaper homes and ended up making the cheaper homes the new median.
How does a decrease in YoY #sales eventually translate to a decline in prices?
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