San Fran Housing Prices Decline for First Time Since 2012

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The cost of housing in San Francisco took an unexpected downward turn from July to August of this year, Collateral Vision reported on Thursday. Home prices were down 2.1 percent over the month-long period, making it the first time since February 2012 that prices had dropped from one month to another.

As the mortgage news site points out, however, “that won’t make much of a dent with the already incredibly high prices in that city.”

Image via Flickr/ Jeffrey Keeton

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