sanjose

> The typical home value in Santa Clara County dipped from about $1.72 million in November to $1.69 million in May, according to data from real estate company Zillow. That 2% decline is nowhere near enough to erase the nearly 40% increase in the county’s home values since 2020, and other California counties have seen home values fall even further in the past six months. But the shift underscores how the cooling U.S. housing market is affecting even hypercompetitive regions such as the Bay Area.
https://www.sfchronicle.com/realestate/article/silicon-valley-home-housing-market-20386421.php?utm_campaign=trueanthem%2B3988&utm_medium=social&utm_source=bluesky

we need the housing market to crash ~40-60%. we need to see plaintive articles in the NYT about how retirements were “erased overnight.” we need sob stories about how hard they worked and pulled themselves up by the bootstraps. then the market can go up again.

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The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

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