San Francisco Bay Area Home Price Appreciation & Market Cycles since 1990

2022 is not like 2008... 

While we are on the ground seeing the market unfold, Patrick Carlisle, Compass’ Chief Market Analyst, is crunching the numbers and illustrating the historical significance of where we are now: “A correction is not a crash. Staggering levels of unaffordable mortgage debt was a huge factor in the 2008 crash, but right now, mortgage debt as a percentage of disposable income is close to an all-time low. A tsunami of foreclosures and short sales - behind the home price crash in 2008-2011 - is not imminent.”

Click to see more on the state of the real estate market in comparison with the 2008 market.