Right now, especially in Northern California and San Francisco, there has been a significant slowdown in not only rentals and vacation stays, but in home sales as well. In fact, we came across an article that speaks to that very fact, on MarketWatch recently.
“The housing market hit a sudden and “significant” slowdown in the past few weeks, that could continue in coming months, Redfin Corp’s chief executive said Thursday afternoon. The real-estate brokerage and website company announced second-quarter earnings Thursday afternoon that beat expectations, but the company’s third-quarter forecast came in short of what Wall Street was projecting.”
Source – Jeremy C. Owens, MarketWatch