Hometech Realty & Management LLC

From CNN: Here's how far home prices might fall
Here's how far home prices might fall

Home prices are finally falling. But how low will they go? | CNN Business The US housing market is in the midst of a major shift. After two years of stratospheric price appreciation, home prices have peaked and are on their way back down.

https://www.businessinsider.com/housing-bubble-crash-real-estate-investing-overvalued-cities-austin-texas-2022-5 #14-san-diego-ca-14

Here are the top 15 cities where home price appreciation has outpaced wages: 'When there's then a deviation in home prices above inflation and wages, that's historically the sign of a bubble.' In certain US cities, the growth in annual home payments has far outpaced wage and rent growth — signaling a housing bubble due for correction.