Two of the biggest U.S. cities, New York and San Francisco, are seeing some very big home price declines in the past few months. These are also 2 of the American cities that saw home prices climb the most since the bursting of the previous U.S. housing bubble in 2008. In addition to falling prices, inventory is increasing and sales are seeing a significant slowdown in the past few months, in both cities. Also, the federal reserve is signaling that the interest rate hikes are just getting started. The real estate slowdown in the bubble cities could be just getting started.
links to news sources referenced in the video here here: https://bit.ly/2O9IpHN
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