Bay Area home prices fall for the first time in 7 years

[Fire0007]

• The median price of a San Francisco Bay Area home sold last month fell slightly compared with the prior-year period, marking the first annual drop since the bottom of the last housing crash, seven years ago, according to CoreLogic.
• In March, the median price was $830,000, down 0.1% compared with March 2018. The decline came as price gains had been shrinking for several months.
• Before last month, the median sale price had risen annually for 83 consecutive months since April 2012.

The median price of a San Francisco Bay Area home sold last month fell slightly compared with the prior-year period, marking the first annual drop since the bottom of the last housing crash, seven years ago, according to CoreLogic.

In March, the median price was $830,000, down 0.1% compared with March 2018. The decline came as price gains had been shrinking for several months. Before last month, the median sale price had risen annually for 83 consecutive months since April 2012. Both May and June 2018 had the highest ever median sale price: $875,000.

 

Prices follow sales, and sales have been running extraordinarily low since last summer, when mortgage rates spiked.

https://www.cnbc.com/2019/04/29/san-francisco-bay-area-home-prices-fall-for-the-first-time-in-7-years.html

[k2s]

0.1% down ni fall antara man 

[mettastar]

Just now, k2s said:

0.1% down ni fall antara man 

[Fire0007]

It's a start and a fall of the median price

Prices are cooling and upside is very limited/capped

[mantis]

20 minutes ago, k2s said:

0.1% down ni fall antara man 

It’s negligible percentage but there is really something happening and it might be due to visa rejections also 

[Hector8]

edo oka 10-20 illu lu taggithe ... bay area mothaniki ruddesadu kada

[user789]

24 minutes ago, k2s said:

0.1% down ni fall antara man 

[user789]

@Spartan kottunava 

@tom bhayya second home kottunava

[Prince_Fan]

thanks bro for this good news👍

Repu morning flight ki bayalderi bay area veltha ...real estate ni rape chesi vastha 🤙🤙

[TOM_BHAYYA]

2 hours ago, k2s said:

0.1% down ni fall antara man 

Ante Akkada nuv gamaninchalsindhi entante .. first growth aagindhi adhe pedda news ani @Spartan declared 

[k2s]

14 hours ago, TOM_BHAYYA said:

Ante Akkada nuv gamaninchalsindhi entante .. first growth aagindhi adhe pedda news ani @Spartan declared