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The West Is A Mess! US Home Prices Decline From 2022 Peak Most In The Western US (SF Down -13%, Seattle Down -11.3%, Phoenix Down -10.5%)
Confounded Interest ^ | 02/13/2023 | Anthony B. Sanders

Posted on 02/13/2023 7:44:35 AM PST by Kaiser8408a

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To: Kaiser8408a
WOKE HAS CONSEQUENCES
21 posted on 02/13/2023 9:38:50 AM PST by gitmo (If your theology doesn't become your biography, what good is it?)
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To: Kaiser8408a

Awww. The flippers are upset. My heart bleeds.


22 posted on 02/13/2023 9:58:46 AM PST by Seruzawa ("The Political left is the Garden of Eden of incompetence" - Marx the Smarter (Groucho))
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To: Kaiser8408a
While Austin TX is down almost -10% from 2022 peak.

Up the road from Austin in Dallas.

Prices will need to drop 60% to 70% to get to "normal."

A 10% drop is NOTHING.

.

23 posted on 02/13/2023 10:50:45 AM PST by TLI (ITINERIS IMPENDEO VALHALLA)
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To: bak3r

“Why is affordable housing and less property tax a bad thing again?”

The sticky widget in that line is ‘less property tax’ because that won’t happen. Taxing districts are currently taxing us at the inflated home values to supported their covid inflated budgets. So while actual real estate values decline the bureaucracies will adjust the rates involved so that we continue to pay the current dollars or more.


24 posted on 02/13/2023 11:45:12 AM PST by ByteMercenary (Slo-Joe and KamalHo are not my leaders.)
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To: cgbg
Today’s real estate market is incredibly confusing—even if folks are “playing it straight”.

I agree with every word in your post. It was very succinct. I have seen many other analyses which stated basically the same thing but were far wordier. This is one of the issues that I struggle with frequently in my posts.

25 posted on 02/13/2023 7:25:18 PM PST by fireman15 (Irritating people are the grit from which we fashion our pearl. I provide the grit. You're Welcome.)
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