There is plenty of supply, but it’s the wrong supply, priced too high.
Los Angeles population drops, San Francisco & Silicon Valley population rises least since 2010, North Bay’s population drops.
Despite “the lowest interest rates in more than a year.”
Here’s how it works. Meanwhile, the media is busy publishing real-estate industry hype.
In some cities, you get what is considered a walk-in closet of a McMansion.
Why the Wave of Mega-IPOs Won’t Bail Out the San Francisco & Silicon Valley Housing Bubbles, Despite All the Hype.
How Rising Home Prices & Rents Hammer the Real Economy.
Where Apartment Rents Fell & Where They Surged: March Update
House prices in Miami eke out post-collapse record, but fizzle in Las Vegas, Phoenix, Washington, DC; fall in Chicago. Cincinnati & Detroit tick down further.
San Francisco Bay Area House prices -4.3%, condos -5.7% since July, Seattle house prices -5.9%, most since Housing Bust 1; Los Angeles, San Diego, Denver, Portland, New York condos, Boston decline. Dallas ticks up.