San Francisco House Prices Drop Back to 2019, Condo Prices to 2015

Falling house + condo prices along with loss of tech jobs in SF all relate to the higher interest rates (interest rates were basically rock bottom since the 2007 great recession recovery until the pandemic,then as a result of massive fiscal/monetary stimulus to fight the pandemic leading to run away inflation, the fed finally had to enact the first serious rate increases since mid 2000. No surprise that suddenly startups ran out of investor cash (job losses) and that mortgages became too expensive for the average buyer (lower demand = lower housing prices).