SRTY - The Most Splendid Housing Bubbles In America Get Pricked
San Francisco Bay Area and Seattle lead with biggest multi-month drops since 2012; San Diego, Denver, Portland, Los Angeles decline. Others have stalled. A few eke out records.
San Francisco and San Diego are catching the Seattle cold, and others are sniffling too, as the most splendid housing bubbles in America are starting to run into reality.
House prices in the Seattle metro dropped 0.6% in December from November, according to S&P CoreLogic Case-Shiller Home Price Index, released on Tuesday morning, and have fallen 5.7% from the peak in June 2018 - the biggest