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24% Quarterly Increase in House Prices in San Francisco = OMG!


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2018 Apr 4, 7:47pm   2,151 views  4 comments

by bill   ➕follow (2)   💰tip   ignore  

Wow! And frenzy is accelerating. In my humble opinion, Patrick's renewed bubble watch is well timed.

https://www.bloomberg.com/news/articles/2018-04-04/san-francisco-s-median-home-price-hits-a-new-high-1-6-million

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1   mell   2018 Apr 4, 8:13pm  

Very few sales at high prices, not really representative but could foreshadow a blow off top frenzy before the fall.
2   Strategist   2018 Apr 4, 8:33pm  

bill says
24% Quarterly Increase in House Prices in San Francisco = OMG!


Why is everyone surprised?
3   Patrick   2018 Apr 4, 8:57pm  

It's a scam by realtors. That "24%" number comes from Paragon RE Group, which is realtors.

The more objective Case-Shiller index shows nothing remotely close to that number:

4   BayArea   2018 Apr 5, 6:08am  

@Patrick you show to Oct 2017

During the last 6mo here on the Peninsula, there is a feel of something very strange happening with just how crazy this bull market has become. I don’t yet have data to back it up but the frenzy here has all of a sudden intensified since 2H~2017

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