6 of the top 8 metro areas with the largest home price crash in 2022 were in California, according to Redfin.
Sadly, I lived in three of these metro areas (Austin TX, San Jose CA and Phoenix AZ), although I wouldn’t confuse correlation with causation.
The trend for home price growth (blue line) is definitely on the downturn as The Fed removes its ample stimulus (green line).
Here is California governor Gavin (Nancy Pelosi’s nephew) Newsome screaming about crashing California home prices.
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