It's interesting, about 2 years ago Bay Area I was looking to hop in to the Bay Area housing market before it grew out of reach, but the housing prices were goi

It's interesting, about 2 years ago Bay Area I was looking to hop in to the Bay Area housing market before it grew out of reach, but the housing prices were going up every month (so kept getting outbid because I was bidding based on recent sales), with double digit year over year increases. I finally gave up and concluded that I had already missed out, and accepted not being able to afford housing. Not long after, prices plataeued, and have even cooled off somewhat over the past year, despite tight inventory and falling interest rates. I'm guessing there was a mini bubble due to a FOMO frenzy and now that the frenzy is over, prices are taking a respite from ballooning. For the sake of the region, I hope prices have hit an equilibrium point and will stop outpacing inflation, although I'm going to hedge by buying in now.