“San Francisco home sellers were most likely to lose money because the region has experienced outsized home-price declines,” Katz and Bokhari wrote.
Meanwhile, nationwide, the typical homeowner who took a loss on their home, sold it for $35,538 less. Not to mention that the typical San Francisco homeowner who took a loss sold their home for $100,000 less than what they bought it for. metro and is quadruple the national rate of 3%.” “That’s a higher share than any other major U.S.
“Roughly one of every eight (12.3%) homes that sold in San Francisco during the three months ending July 31 was purchased for less than the seller bought it for, up from 5% a year earlier,” Redfin data journalist Lily Katz and senior economist Sheharyar Bokhari, wrote in a report published today.