Seattle Is First Major US City With Annual Home Price Decline Since Crisis – Zero Hedge

And that’s a good thing.

A “housing collapse” on the west coast is long overdue – housing prices have been driven to sky-high unaffordable levels by mass immigration for decades and need an adjustment so normal people can afford to buy houses.

Is it a housing bubble/collapse, or were prices just overinflated to begin with.

Affordable housing would solve a lot of problems in America.

Once the US cuts off unlimited work visas for the rest of the world, housing prices start to return to normal.

Bay Area Home Sales Crash In June Swoon

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