It’s Over: San Francisco’s Epic Condo Bubble Bursts

by Wolf Richter
Wolf Street

Done in by a historic construction boom.

Few housing markets are crazier than San Francisco’s. But what had to happen is starting to happen: while house prices continue to soar, a phenomenal building boom is causing a condo glut that will reach dizzying proportions as new condo towers are completed. And now the dynamics of the market have reversed.

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