Lots of people can only afford a house in the bay area because of their RSUs. With the stock market slowing down, it seems normal to see housing cooling down. N

Lots of people can only afford a house in the bay area because of their RSUs. With the stock market slowing down, it seems normal to see housing cooling down. Now, add the new tax laws which impact a lot of residents of California (capped mortgage interest deduction) and interest rates going up, it only makes sense that the next phase is prices going down. And I'm certainly biased, I just bought a house in Sunnyvale 6 months ago, which seems to be around peak market.