San Francisco’s housing market has retreated from record highs last April, with sales volume collapsing and pricing down double digits—approximately five times the decline recorded nationally.
Prices fell 3.3 percent across the country since last year, with values in San Francisco plummeting 16.7 percent, according to Redfin—an online real estate listing company.
This decline represents more than $330 billion lost from the estimated $2 trillion real estate market, according to online real estate firm Zillow. With a 13.3 percent discrepancy between city and national price declines, if the city’s devaluation matched the national average, homeowners would have retained more than $260 billion in equity.
The stark difference between the city and country can be attributed to historically high valuations compared to the rest of the nation and the sharp increase in prices recorded in San Francisco […]
Read the Whole Article From the Source: www.theepochtimes.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.