Will What Has Gone Up Ever Come Back Down Again?

The white-hot housing market in the Bay Area, has some wondering if a real estate crash is possible.

1 minute read

November 6, 2000, 8:30 AM PST

By Abhijeet Chavan @http://twitter.com/legalaidtech

"Many people either just can't afford to buy or are not prepared for the psychological wear-and-tear of what's become the hottest Bay Area real estate market in memory. A white-hot demand for a limited amount of housing, according to real estate analysts, experts and economists, is the chief driver behind the Bay Area housing market's longest upswing in history.Housing value has been riding a wave that by most accounts, has yet to reach its pinnacle. Almost every month this year, trade groups and other researchers have reported double-digit percentage spikes in median-priced houses, much to the chagrin of those looking to jump into the area's supercharged market. The question of the hour has become: Will what has gone up ever come back down again?"

Thanks to Abhijeet Chavan

FULL STORY: Will what has gone up ever come back down again?

Sunday, November 5, 2000 in Contra Costa Times-Walnut Creek

Housing California

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