Austin Klar warns that San Francisco's housing market is hitting a perfect storm: severe inventory shortage combined with mortgage rates at multi-year lows and rising population demand. The result is intense competition, accelerating prices, and one of the toughest markets in the country heading into spring.
Something abnormal is happening in San Francisco's housing market right now, and it is soul-crushing news for anybody looking to buy a place in the city. An inventory crisis has reared its ugly head at the same time as interest rates are falling to the lowest level in years, and our city's population and demand for property is rising, creating the perfect storm of unrelenting competition and price growth that has made San Francisco one of the most brutal housing markets in the entire country right now. I made a YouTube video breaking down exactly what's happening in the city's housing market right now, what we're seeing with supply-demand dynamics, price reductions, pace of sales, prices overall, and what we should expect heading into the busier spring market. So if you're thinking of buying or selling a place in the city, you've got a head start on your research. Comment the word video and I'll send you a link, and follow me for more San Francisco real estate. Bye!
