Lost home equity: San Francisco homes are selling for $220,000 less than a year ago
In many cities across the country, homes are selling for tens of thousands of dollars less — sometimes hundreds of thousands of dollars less — than just one year ago. In San Francisco, the median sales price was $220,000 lower than at the same time last year — the largest decline by dollar amount — wiping out 13.4% in equity. Prices in Oakland, California, saw the biggest drop percentage-wise, falling 16.1% or $174,500 less year over year, according to data The other notable declines occurred in Austin, Texas, where median prices fell 15.3% ...
Click
To Read Full Article