the market is great. the market is tanking.
Home prices set for first drop in 40 years
Average Selling Prices in Santa Clara County Hit Record Highs in March
seems like silicon valley is one of the few bright spots, while the rest of the nation is enduring heavy thunderstorms. the economy is strong here, and the well-off are still buying the better properties. but the less well-off segment of the market (subprime) is pretty much gone. does that lead to a market that tanks, or just one that’s “normal”?