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Home sales in San Francisco dropping like flies.

I moved to SF bay area 10 years ago, after the market recession and came up on a fixer-upper, Victorian home for under $500k. My home is now valued at $1.3 million. Unfortunate, the SF home sales have doped fast and furious this year! This home is my retirement fund, and I am 10 years away from retirement. I am worried about the value dropping as a result of the fast decline in sales. My question is, should i think of selling my home at top value, and putting the money into a more secure retirement fund? It is hard to tell where this market is headed; analysts are predicting another crash soon. by yangyan9 from San Francisco, California. Dec 12th 2018 Reply


Ralph Richard Guertin (ralph@absolutelowrates.com)
#135 ranked lender in Florida - 787 contributions

Great question and if I knew the answer , I probably wouldn't be writing this email, I would be on my Yacht basking in the sun in South Florida. All I know the insiders buy the rumor and sell the fact..

Dec 12th 2018
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,589 contributions

No one has a crystal ball to predict the future.. but based on certain indicators, the analysis's can give you a general sense of the market.. First, your home in SF going form $500K to $1.3M in 10 years was artificially inflated spurred by a buying frenzy.. it's possible the market will settle back to a more conservative value. That being said, if you can capitalize on the increase now, then I would do it.. Keep in mind that if you profit more than $250K for a single person, $500K for married couples, you will have capital gains tax to pay.. As far as the market crashing,,, it's possible,, anything is possible.. but a stock market crash is not the same as a housing crash.. Keep in mind that the housing crash of 2008 was caused by toxic mortgages.. those mortgages do not exist any more.. so if the "housing" market does crash, it wont be because of mortgages.. it would be some other underlying factor. And it wont be anywhere near as bad as 2008 if it does happen at all. Housing industry experts say that we are likely to see little to no gain's in the next year, as indicators show the housing market slowing down, not crashing.. but if catastrophic news hits,,, who knows.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

Dec 12th 2018
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