The West Coast Housing Bubble Bursts Even Without Tech Bust, which is still to come.
The biggest housing markets of the West Coast — the Seattle metro, the San Francisco Bay Area, and the Los Angeles and San Diego metros — went through phenomenal price inflation over the past few years, with prices having shot way past their highs of Housing Bubble 1, before it imploded. This multi-year surge culminated in a last-glory spike early this year. Since then, housing markets have turned south at different speeds. And unlike the prior two housing downturns, the inevitable Tech Bust hasn’t even started yet.
Enjoy reading WOLF STREET and want to support it? Using ad blockers – I totally get why – but want to support the site? You can donate. I appreciate it immensely. Click on the beer and iced-tea mug to find out how:
Would you like to be notified via email when WOLF STREET publishes a new article? Sign up here.