It is called Asset Dis-inflation
Asset Dis-Inflation The FED has publicly stated that interest raises are being done to stop inflation. If you paid close attention to FED Chairman Powell's last remarks, he stated he wants to lower "home prices" for all Americans. Elon Musk stated in one of his posts that his view was the FED was looking at asset dis-inflation. That to me also mean Stocks, Bonds, Investment vehicles of all color and types, and Real Estate What we have seen so far is that Real Estate prices are dropping across the United States; irrespective of location. Luxury Home Sales Plunge Across the U.S. per a Wall Street Journal article dated September 23, 2022. Locally the Luxury Market is defined by Atherton, Woodside and Portola Valley. Prices in those markets come down by 7 digits in some cases. One Woodside home was originally listed at $110 million with several price cuts it is now at $48 million. Days on the Market are increasing and Sales Price to List Price have come down to a dis