housing market in Bay Area!

[Nahal Beckam]

Hello, we have a rental in Bay Area. The current estimate is 1.3M. I noticed the prices are going down this year. Is it a good idea to sell this house now and wait for a crash to buy later? can anyone point me to a good housing market forecast in San Francisco bay area? and what is the best strategy considering the rising interest rates? Also note that our current low-interest rate mortgage was a 7/1 ARM will end in 2022 and we have to close a new mortgage. thanks

[Daniel Pierson]

@Nahal Beckam I’m not expecting the market to go down anytime soon in SF. There are 4-5 IPOs from Bay Area companies happening this year meaning thousands of people will instantly have enough for a healthy downpayment.