Prices are still rising here. Of course we’ve only had about 4% annual appreciation the last 5-6 years unlike some other locations.
Prices increased over 300% in 5 years. They'll give at least 1/2 of that back before it's over.
Those who bought 4 or more years ago will be able to ride it out IF THEY CHOOSE TO AND IF THEY KEEP THEIR JOBS, but those who bought 3 or less years ago...especially with very little down (40% of all buyers) will take a very hard blow.
Socal and the Bay area are worse.
I hate it when people say “here” and don’t say where “here” is. Like we can read your mind.