Home Real Estate The national real estate market is cooling off (unlike San Francisco)

The national real estate market is cooling off (unlike San Francisco)

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A recent Wall Street Journal article claims the national housing market is “losing some of its ‘frenzy'” as more homes go up for sale and overpriced homes sit on the market rather than “getting snapped up immediately.”

I wondered if the same applied to the San Francisco Bay Area market, often an outlier in terms of real estate, and reached out to three experts for their opinions.

As are most things related to Bay Area housing, the answer is complicated.

Nationally, the market does appear to be slowing down, said Daryl Fairweather, the chief economist at housing site Redfin. 


“We’re going from 100 mph to 80 mph,” Fairweather said. “What’s happening right now is a lot of buyers seem to be backing off the market because of how high housing prices have gotten. We’re seeing lower sales and a slight uptick in price drops.” 


She noted…

Click here for full article…www.sfgate.com