San Francisco Bay Area Housing Market Crashes, Prices Plunge 35% from Crazy Peak: Where’s Demand Supposed to Come From? by Wolf Richter • Feb 17, 2023 • 244 Comments In the first 10 months of Housing Bust 2 (now), the median price plunged a lot faster than in the first 10 months of Housing Bust 1 (2007-11).
“Wetsuit Shaming,” LOL: WOLF STREET Drags WSJ Through San Francisco Bay Mud for the Clickbait Flotsam it Published about Cold-Water Swimming by Wolf Richter • Jan 24, 2023 • 114 Comments Kudos to the Wall Street Journal for having excelled once again with such acuity.
How Many People Were Actually Laid Off So Far in San Francisco and Silicon Valley? by Wolf Richter • Jan 24, 2023 • 85 Comments The WARN filings, by company.
San Francisco Bay Area House Prices Plunge 30% from Crazy Peak: Housing Bust 2 by Wolf Richter • Jan 19, 2023 • 201 Comments Hammered by waves of layoffs, swooning stocks, collapsing cryptos, and 6% mortgage rates.
Are Tech Layoffs in San Francisco and Silicon Valley the Latest Hit to Bay Area Rapid Transit (BART)? by Wolf Richter • Jan 9, 2023 • 100 Comments BART was already “facing a fiscal cliff” after working from home and driving to work caused revenues to collapse.
San Francisco & Silicon Valley Housing Markets Puke Huge Price Drops, as Startups, Crypto, Tech, Social Media Make Total Mess by Wolf Richter • Dec 19, 2022 • 210 Comments In California overall, prices dropped year-over-year, as sales collapsed, supply more than doubled. No dear, this isn’t just a seasonal dip.
Five-Digit Layoffs Are Here, the Big Ones We’ve Been Waiting for. But the Laid-Off People Are Scattered around the Globe by Wolf Richter • Nov 15, 2022 • 172 Comments Other companies are licking their chops at finally being able to hire tech workers.
California Housing Market: Dismal Sales, Prices Sag in San Francisco (-20% fr. peak), Silicon Valley, San Diego, Orange County… by Wolf Richter • Sep 16, 2022 • 144 Comments And this was during the summer rally as mortgage rates dropped to 5%, stocks bounced, the Fed “pivoted,” and the Good Times started all over again.
California Housing Market Pukes: As Sales Collapse (San Diego County -41%), Prices Begin to Swoon by Wolf Richter • Aug 19, 2022 • 267 Comments San Francisco & Silicon Valley lead. Southern California catching up. In Los Angeles, prices fell in July from June for the first since Adam and Eve.
Craigslist Cuts Asking Price of Class A Office Building it Owns in San Francisco by 40%. The Building is 78% Vacant by Wolf Richter • Aug 17, 2022 • 92 Comments Last time it tried to sell the building was in 2019. Now the office market is an entirely different ballgame.
