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kleinbl00 · 2003 days ago · link · · parent · post: Southern California suffers its worst housing slump in over a decade
I watch markets by watching houses. I care more about ones around me. Eight months ago I saw houses being listed for $300k more than they were bought a year previously. Flippers in full freakout. This month I see houses being sold for $100k less than they were listed for a month previously. Flippers in full retreat. As of two months ago, the Seattle market was publicly and officially down 15% year over year. As of this week, the Seattle market is privately and unofficially down 10% since last month. Shit's gonna rip.