There could be significant range depending on location. But a 10% drop is not a big deal…Inventory is key…still very low historically but definitely up from December’s all time low. Definitely softness in the highend…Redwood City has 15 houses over $2m…probably a high, but only 67 total active…Historic average is around 250…But $2m is entry level in many Peninsula cities so RWC is still a bargain…Wait till average DOM goes over 150 then prices may drop…Brexit and Trump could tank the economy. …
My friend who worked at FB said certain groups within FB already started having hiring freeze.
But I agree with elt1, since I’m in the market (buy), the inventory level still plays a key role (i.e. not many good homes to choose from, not to mention those with competitive prices)