The Housing bubble appears to be going bust in U.S. tech towns including Year-over-year price declines for existing homes in San Fransisco, California. Also, Seattle, Washington is seeing the biggest 6-month home price decline since prior to the 2008 bursting of U.S. housing bubble 1.0.
San Francisco home prices are now down 5,000 from their peak from earlier in 2018 while Seattle median home prices are now down ,000 from their 2018 highs. Just like in the previous housing bubble, the big cities typically begin to fall before the rest of the county follows the leaders down.
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