Bay area cost of living is F*CKED. Everywhere you turn, rent’s 2k+, god help you if you want a 2br then it’s close to 3k. Meanwhile, the jobs all wanna pay like 18 an hour.
People Are Now on Buyers’ Strike Because Home Prices Are too High: Fannie Mae by Wolf Richter
Fannie Mae said today that its Home Purchase Sentiment Index (HPSI), which has several components, increased in September to 73.9, a 30-month high “as consumers reported survey-high optimism that mortgage rates will decline over the next 12 months.”
A record 42% said they expect mortgage rates to decline, up from 39% a month earlier and up from 24% two months earlier.
h/t avoidy
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