twirlgrrl | I was wrong!

Let the record show that I was wrong, wrong, wrong when I said that I didn't think there would be a significant price drop in San Francisco real estate. I expected surrounding areas to drop but in SF proper I expected only a slight dip. Today the newspaper says that median price in 10/07 was $842k and in 10/08 was $702k. The peak was 5/07 at $900k. Of course, the only houses that are actually selling are on the low end because you can't get a jumbo loan anymore, so that could have something to do with it. And I still can't find a house on the market that looks like we could fit into it and not get killed walking to the car for under $800k but hey, I'm not in the market anyway. It's just interesting to see this stuff happen. Once I started shopping for a house I caught the real estate bug and never stopped shopping, even though I'm not buying.