Mortgage rates are sharply higher - 30 year rate almost double from 6-9 months ago (2.75% —> 5), even for jumbo loans.
Stocks are down sharply - S&P and Nasdaq down 20% and 30% from peak respectively —> bear market
Crypto down even more sharply —> BTC down 60% from peak
Real estate will be the next thing to fall.
RBA prices will fall 20%, and greater Bay Area will fall 20-40%, by this time next year