The Most Splendid Housing Bubbles in America, August Update: First Price Drops Appear, All in the West

by Wolf Richter, Wolf Street: The Case-Shiller index, which lags reality on the ground by 4-6 months, is starting to pick up the price drops in Seattle, San Francisco, San Diego, Los Angeles, Denver, and Portland.   The housing market is going through some navel gazing, as many buyers evaporated at current prices and mortgage […]

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