(Twin Peaks, that is.)
Good news for buyers: the hottest housing market in the country might finally be cooling off. According to Redfin, home prices in San Francisco declined last month for the first time in four years.
The median home price in the area dropped 1.8% in March from last year to $1.04 million. Quite a big difference from last year when prices in the market averaged 15% growth. Sales also took a hit, sinking 22% in March -- which normally marks the start of the busy home-buying season. While it's still a seller's market in San Francisco, homes are sitting on the market longer and inventory of unsold homes is at its highest in four years.
Economists and housing experts credit the shifting real estate climate to Wall Street's recent volatility, overvalued tech companies, and slowing interest from overseas buyers.
All things real estate.