patrick.net

"The pain isn’t over. The inventory shortage is still very real in many West Coast markets -- some have only a few months of supply. And if the skyrocketing trajectory of prices has eased, the increases still consistently outstrip wage growth. The median home in San Jose sold for $1.23 million in June."
https://www.bloomberg.com/news/articles/2018-07-19/relief-in-sight-for-homebuyers-in-high-priced-west-coast-cities
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In other words: no relief in sight.