One reason why you might want to attend an Ivy League college or similar college is to earn a higher income. As a parent, you hope your child attending an elite university will make them upwardly mobile. A better life is what every parent wants for their kids.

However, the median income earned by Ivy League graduates from U Penn, Princeton, Cornell, Dartmouth, Harvard, Yale, and Brown is unimpressive in the beginning. For schools with single-digit acceptance rates, you’d think the median income earned would be much higher. Ivy League colleges are consistently ranked in the top 20 out of almost 4,000 colleges in America.

Before you find out how much the median income figure ten years after starting school is, take a guess at what it might be. $150,000? $200,000? $250,000+?

Median Income Earned By Ivy League Graduates

According to the Department of Education Scorecard, former Ivy League attendees who received federal aid earn a median of about $90,500 a decade after starting school.

The Scorecard is data used to help prospective students and their parents make more informed decisions about where to attend college.

Does $90,500 sound like an impressive income to you as a 28-32-year-old top university graduate? It’s OK, but it’s not blowing my socks off.

If you are to attend a top 0.375 percent university, then expectations are for you to make a top one percent income for your age group, not a top twenty five percent income.

A top one percent income for the 27-to-31-year-old age group was about $170,000 in 2014. For the 32-36-year-old age group it was about $210,000.

In 2023, assuming a three percent annual inflation since 2014, a top one percent income for the 27-to-31-year-old age group is about $222,000, and for the 32-36-year-old age group it is about $274,000.

$90,500 is quite a big shortfall for both age groups! The shortfall is even greater when compared to top 0.1% income earners by age.

Source: Professors Faith Guvenen, Greg Kaplan, Jae Song 2014

Median Income By Ivy League University

To get a little more granular, let’s look at the median income earned 10 years after attendance by Ivy League university according to the Department of Education Scorecard.

If you want to potentially make the most amount of money 10 years after attendance, attend the University of Pennsylvania with a median earnings of $103,246. U Penn is known for its business school and heavy focus on working in industries that pay the most.

If making the most money 10 years after attendance isn’t your top priority, then consider attending Brown University. Brown is famous for its open curriculum, where students have greater freedom to study what they want. Its graduates have a median earnings of $78,943.

1. University of Pennsylvania

• Median earnings 10 years after attendance: $103,246
• Average annual cost: $25,046
• Median debt at graduation: $16,763

2. Princeton University

• Median earnings 10 years after attendance: $95,689
• Average annual cost: $9,836
• Median debt at graduation: $10,450

3. Dartmouth College

• Median earnings 10 years after attendance: $91,627
• Average annual cost: $32,410
• Median debt at graduation: $17,000

4. Cornell University

• Median earnings 10 years after attendance: $91,176
• Average annual cost: $37,042
• Median debt at graduation: $14,500

5. Columbia University

• Median earnings 10 years after attendance: $89,871
• Average annual cost: $22,823
• Median debt at graduation: $21,500

6. Yale University

• Median earnings 10 years after attendance: $88,655
• Average annual cost: $15,296
• Median debt at graduation: $13,142

7. Harvard University

• Median earnings 10 years after attendance: $84,918
• Average annual cost: $13,872
• Median debt at graduation: $12,665

8. Brown University

• Median earnings 10 years after attendance: $78,943
• Average annual cost: $29,544
• Median debt at graduation: $13,000

Data Is Only From Students Who Took Out Federal Loans

The one big caveat about the median earnings data is that it reflects only students who received federal student aid. Students and families who were able to pay for college without the need for federal financial aid were not included.

One can logically assume that those students and families who do not apply for federal financial aid are wealthier than students and families who do. Non-federal financial aid recipients may also be smarter, thereby receiving more merit scholarships and grants.

Below is data compiled by Elaine Huang from The Daily Princetonian that highlights 49% to 65% of Ivy League students applied for financial aid from 2016 – 2020.

As a result, perhaps the median income earned by Ivy League graduates after attending is higher. Wealthier people tend to have wealthy connections that help their kids get even wealthier.

It’s curious to see students from Brown, the university that has the lowest percentage of financial aid applicants, also has the lowest median earnings 10 years after graduation.

One could make the assumption that Brown students may come from the wealthiest families who need less financial aid. Given they come from wealthier families, their students can also afford to major in areas that don’t translate as often into jobs in the highest-paying industries.

Whereas with Penn, even though the percentage of students applying for financial aid is similar, its students focus heavily on joining the finance and management consulting fields. Companies like McKinsey & Co. and Goldman Sachs are at the top of their lists.

Mid-Career Earnings Of Ivy League Graduates And Non-Ivy League Graduates

The data from the Department of Education Scorecard was unsatisfactory to me. As a middle-aged man, I wanted to know how much Ivy League and non-Ivy League graduates earn more than 10 years after attending.

Searching further, I found more information by US News & World Report and PayScale that paints a clearer picture about pay differences.

Early-career (three years of work experience) median pay in 2022 was $86,025 for Ivy League graduates, compared to $58,643 for those who graduated from other universities. A 47% pay difference is significant.

Mid-career (20 years of work experience) median pay in 2022 was $161,888 for Ivy League graduates, compared to $101,777 for those from other institutions. A difference of $60,111 a year in gross annual pay difference (59%) 20 years after college is massive!

If two of these Ivy League mid-career professionals marry, they’ll have my well-documented $300,000+ household income. With a $300,000+ household income, they’re living a comfortable middle-class lifestyle in an expensive coastal city and an upper-middle-class lifestyle everywhere else.

Hence, to get the most out of your attendance at an Ivy League school or similar-level school, work a long time, make lots of great friends, and marry a fellow graduate.

Work Long Enough Post Graduation To Make Attendance Worthwhile

To increase your Return On Investment (ROI) attending an Ivy League or similar school, work as long as possible. Forsake the FIRE movement, which I helped ignite in 2009. The longer you work, the greater the earnings gap compared to non-Ivy League graduates.

However, lasting 20 years in one profession is hard. Personally, I could only last for 13 years in banking before I was burned out. Even with today’s greater work flexibility due to work-from-home and technology, I still might have lasted for only 20 years at most.

If you end up changing professions, you may have to take a large pay cut. A pay cut lowers your ROI, but at least you might be happier doing something new.

If you’re thinking about retiring early or taking things easier before age 40, then attending an Ivy League school may not be worth it, especially if you don’t get scholarships or grants.

The same logic goes for those who want to become doctors, professors, scientists, or lawyers. The more education required by a certain profession, the longer you should or may need to work.

Below is a chart that highlights mid-career median pay by Ivy League school. The likelihood of earning six figures a year in one’s 40s is high. As a parent, this should be comforting.

Source: USNWR and PayScale

Yes, A High Salary Isn’t Everything

Of course, earning the highest salary you can after college isn’t the most important thing to all students and families. Meeting great people, having an amazing time, and building a network of lifelong friends are equally important to some people. So is finding a soulmate.

But this is a personal finance site that is focused on input and output. Measuring the average income for new college graduates and graduates with decades of experience are important for making an informed decision about where and whether to attend college.

Having a great time in college and earning a high income after graduation are not mutually exclusive. You might as well get the best experience and the best financial returns from your investment. Because the more money you make, the more options you will have in the future.

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Occupation Profiles Of Select Ivy League Graduates

To get even more granular, I thought I’d profile recent Ivy League graduates to see what they are doing. Understanding the end goal will help us decide whether the effort is worth it.

Given there’s an upcoming Supreme Court decision on race and college admissions, I read a 2019 article by Jay Caspian Kang entitled, Where Does Affirmative Action Leave Asian Americans? The article profiled several Asian-American students at Ivy League schools.

Given it is four years later, I was curious to see what these graduates are doing now. Their occupations will also help give context to the $86,025 median income figure three years after graduating and the $90,500 median income figure 10 years after attendance in context.

Thang Diep (Harvard 2019)- Post graduate fellow at the Vietnamese American Initiative for Development (VietAID). Thang is likely earning less than $86,025.

Sally Chen (Harvard 2019) – Education Equity Policy Manager at Chinese for Affirmative Action. Sally is likely earning less than $86,025.

Fatima Shahbaz (Harvard 2020) – Business Analyst at McKinsey & Co. Fatima is likely earning closer to $160,000.

Catherine Ho (Harvard 2021) – Graduate Student In Asian American Studies at UCLA. Catherine is definitely earning less than $86,025 as a student. When she graduates in 2023, she will likely also earn less then $86,025.

Alex Chen (Yale 2023) – Intern at Snap. Alex is still in school, but will likely earn more than $150,000 his first year out if he works as a software engineer.

One More Ivy League Occupation Profile And Some Reflection

Then I read a book written in 2019 entitled The Years That Matter Most – How College Makes Or Breaks Us, by Paul Tough. It’s a great book.

Tough highlighted a female student named Shannen Torres who got rejected by U Penn and Princeton, but got into Stanford.

After graduating in 2021 with a BA in Comparative Studies in Race and Religion, she got her Masters in Latin American studies. She now works as a Communications Coordinator at Climate Leadership Initiative in San Francisco. Her income is likely less than $86,025.

If I was the father of any of these college graduates, I’d be proud of what they are doing, no matter how much or how little they are making. I just want my kids to pursue a career that pays enough and brings them joy and meaning.

How would you feel if you were one of their parents?

And if these graduates decide to do something else down the road, they’ll easily be able to pivot.

Enjoy High School More

Given the median income earned 10 years after attendance is only $90,500 for an Ivy League graduate, high school students don’t need to worry as much about getting into a top 25 college anymore. There are likely 100 colleges that will provide for similar income and career opportunities as Ivy League colleges.

The increase in breadth of colleges able to provide similar opportunities should also help alleviate the stress parents feel too. I know it does for me.

But even if you don’t graduate from a top-100-ranked college, just graduating from college will help your earnings power.

According to the National Center For Education Statistics, the median annual earnings for 25-34-year-olds with a Bachelor’s degree is $59,600. According to the Bureau of Labor Statistics, the average salary for all workers with Bachelor’s degrees is $69,368 in 2021.

Sure, the earnings difference between attending an Ivy League university and any one of the ~4,000 colleges in America is significant. But not such much if you attend a top 100 college. Further, making the most amount of money after graduating may not be a student’s priority.

If money was your priority, you’d get a major in Electrical Engineering, Computer Engineering, Pharmacy, Aerospace Engineering, Chemical Engineering, and Nuclear Engineering, with average salaries over $100,000.

Go To An Affordable University

If you can attend an Ivy League school or a similar school with enough grants to make it affordable, go for it. If you can’t get in, don’t worry. Just select another university that offers you the lifestyle and major that you want at an affordable price.

Earning $90,500 as a 27-to-32 year old is nice. So is earning $161,888 twenty years after graduation, especially if you can marry a person with a similar income. But it is underwhelming if you went to a top one percent university.

Therefore, if you do attend an Ivy League school or a similar school, make sure you develop great relationships that can improve the quality of your life.

Focus On Building Things And Helping Others

If you don’t make great relationships or earn a corresponding top one percent income, then at least do something amazing. Create something new or do work that helps others.

Remember all the great extracurricular activities you were doing in high school to try and get into college? I bet the majority of those activities weren’t about making as much money as possible! Instead, many of your activities likely involved helping others.

Consider painting a masterpiece that gets picked up by the NYC Museum of Modern Art. Be a violinist at Carnegie Hall. Write a bestselling book that changes people’s lives. Reduce child hunger in your city. Invent a device that helps those with visual impairments see better. Or cure cancer already! Yes, someone please cure cancer.

If you do something amazing, you will likely get rewarded handsomely. The reward may not always be financial, but at least you will benefit spiritually.

Readers Questions and Suggestions

With the difficulty of getting into an Ivy League school, are you surprised Ivy League graduates don’t earn more? Why is there still so much demand to attend the top-ranked universities, when plenty of four-year accredited universities will do?

Looking to leave a soul-sucking job with money in your pocket? Pick up a copy of How To Engineer Your Layoff. It will teach you how to negotiate a severance so you have a financial buffer to do what you really want. Use the promo code ‘saveten‘ to save $10.

Join 60,000+ others and sign up for the free Financial Samurai newsletter and posts via e-mail. Financial Samurai is one of the largest independently-owned personal finance sites that started in 2009. 

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The median price of a home for sale in San Francisco has dropped recently, but it’s up compared to this time last year, according to real estate analyst firm Redfin.

Redfin said the San Francisco median price is $1.488 million, a decline of more than 5% from November to December.

Redfin chief economist Daryl Fairweather said the holidays slow down buying and selling, adding long-term perspective is important.

#New: Bay Area housing prices.
Median home price (change from last year):

San Francisco: $1,475,000 (+10%)

San Jose: $1,300,000 (+23%)

Source: @Redfin

— scott budman (@scottbudman) January 14, 2022

“I wouldn’t read too much into the monthly decline,” Fairweather said. “I think the important thing is that home prices are up 10% from this time last year. That’s the measure that I think reflects how the market is heating up a bit.”

Redfin said, depending on how mortgage interest rates go, it expects that heat to keep going up.

The housing market is sending some mixed messages to those trying to make it in the bay. The latest housing report shows homes may be getting a little more affordable. NBC Bay Area’s Janelle Wang spoke to realtor Lisa Blackwell for some clarity.

The post Median San Francisco House Worth Down Lately, However Up In comparison with Final 12 months – NBC Bay Space appeared first on DAILY SAN FRANCISCO BAY NEWS.

Keyan Karimi

Many Americans are looking to move: Indeed, a record 32.4% of Redfin.com users looked to move to a different metro area in January, which is up from “a previous peak of 31.5% in the first quarter of 2021 and significantly higher than before the pandemic,” the site revealed. And the data showed that San Francisco was the No. 1 destination users were looking to leave. It’s a trend that has been happening for a bit already, other research shows: The number of people leaving the Bay Area jumped 21% from March 2020 and September 2021, according to a report from University of California researchers. In this story, we talk to one of those people who left the Bay Area, and share tips on what to consider if you’re looking to move too. Check out the lowest mortgage rates you can get here now.

When 30-year-old start-up investor Keyan Karimi’s Silicon Valley office shut down due to COVID-19 in March 2020, he went to visit his parents in his hometown of Atlanta. “I was spending time with them and it made me realize something had really been missing from my life. It had been almost 10 years since I spent more than two weeks with my family since I’d gone to college out of state, worked in Dubai and then California,” says Karimi.

With work-from-home becoming the new norm, Karimi began to consider a move. A Zillow search for affordable historic homes in Atlanta didn’t reveal any promising prospects, but when Karimi zoomed out, he noticed a cluster of red dots hovering over Savannah, about 3 and a half hours away. “That led to a visit, since I’d never been there, and I started looking at houses,” says Karimi.

Though he had been renting an apartment in San Francisco’s SoMa neighborhood while commuting to Silicon Valley, Karimi knew he’d found his next home the minute he walked into a historical row house in downtown Savannah. “Downtown Savannah is actually quite expensive and in the last year it’s really exploded. The value of homes in my neighborhood have gone up 45%, which means my taxes have increased and my cost is actually now a little more than what I paid in rent,” says Karimi. Still, he says it’s like comparing apples to oranges, since he had a junior one-bedroom apartment in San Francisco — and he’s now in a row house duplex with a courtyard and a garage.

Looking for a mortgage? See the lowest rates you might qualify for here.

What it really comes down to for Karimi is the way his life has improved since leaving the tech capital. “I love the walkability, even though San Francisco is considered a walkable place, you still have to walk from neighborhood to neighborhood. Here, it’s block to block and anywhere you want to go out or eat is all in one neighborhood,” says Karimi. This, he says, is one reason Savannah frequently lands on lists of the best cities to visit in the United States.

He was also surprised to discover how much the south had to offer businesswise. “Seeing companies relocating and starting here was really surprising. The population from all the universities has an appetite for innovation, technology and building the community up,” says Karimi. And, that’s made it easier for him to continue to work remotely. “I partnered with some entities here … try to bring an element of Silicon Valley tech as it applies to logistics, and I launched an initiative where we’re going to bring that to some of these companies,” says Karimi. Now, with these projects on his docket, he has even more of an excuse to stay in Georgia permanently.

Of course, he misses many of the people he knew in the Bay Area. “It’s just a different level in San Francisco. No matter where you are in the world, the best talent and the smartest people are drafted by companies to Silicon Valley. Living and working there is something I wouldn’t trade for anything,” says Karimi.

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Bentonville, Arkansas

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The number of people leaving the Bay Area jumped 21% from March 2020 and September 2021, according to a report from University of California researchers. We talk to one. (Thinking of ditching your pricey city too? Check out the lowest mortgage rates you can get here now.)

Life as a CEO in San Francisco became increasingly stressful for Phil Libin, founder of the app mmhmm and former CEO and executive chairman of software company Evernote. After 15 years of city living, Libin decided it was time to wait out COVID-19 somewhere peaceful. So he packed his bags, told all of his employees they could work virtually forever and headed east to Bentonville, Arkansas — a place he’d passed through once or twice before, that’s known for its artsy vibe, beautiful outdoors and as the headquarters of Walmart.

“I thought I’d go somewhere for a few months, so I got an Airbnb and then decided to stay,” says Libin, who hasn’t looked back on leaving the tech capital. The thing he misses the least? Traffic. “In San Francisco, I was Ubering everywhere. I looked back at my calendar and realized I was spending almost three hours every day in a car, going to the office or from meeting to meeting,” says Libin. Now, he works from home, or a few local places within walking distance. “My life here feels much more integrated. Things are much cheaper and money goes much further,” says Libin.

He has a point: According to Realtor.com, the median sales price of a home is just over $400,000, compared to $1.5 million in San Francisco. And overall San Francisco is 147% more expensive than Bentonville, according to Sperling’s Best Places, with home prices being the biggest factor in that.

Phil Libin

While in San Francisco, Libin thought he had a high standard of living – “I was the CEO and I had a pretty good quality of life because I spent a lot of money,” he says – but he says his standard of living in Bentonville is actually much higher. “I have a higher quality of life and 100% of the people that work with me could afford to live the way I am,” says Libin. (Libin lets all of the mmhmm employees live wherever they want, and he says that about half of them who were in the Bay Area ended up moving.) “They can afford to eat at the same restaurants and be members of the same clubs, says Libin.

Now, instead of living in an overpriced condominium, Libin has bought land and is planning to build a house. “I was in SF a few weeks ago for the first time in a year and I was shocked by what I used to put up with. I had forgotten about sitting in traffic. I would sit in the car for 90 minutes all the time and I thought it was okay. I never want to ask someone to do that,” says Libin.

Of course, the restaurants and culture of San Francisco are hard to beat, but it’s easy enough to travel from Bentonville, Libin says. “There are direct flights … It’s actually easier to fly domestically from here than SF because the airport is smaller and there’s no traffic. If I have to fly internationally to Asia or Europe, it adds a hop, but it’s worth it,” says Libin.

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SAN FRANCISCO, CA — The median price of a home in San Francisco is over $2 million, according to the Realtors Association’s data for March.

The median cost of a single-family home in the county increased from $1.9 million in February to $2.06 million in March, ranking only behind San Mateo County ($2.28 million) for highest in the state.

Compared to March 2021, the median home price in San Francisco has gone up by 17.4 percent.

Statewide, the median price of a home hit another record high of more than $849,000 in March, driven by a surge in the sale of higher-priced homes, the Realtors Association’s data show.

According to the Realtors Association, with rising interest rates not yet having a significant impact on sales figures, demand remained strong statewide.

The closed escrow sale of existing single-family homes statewide totaled 426,970 in March — based on a seasonally adjusted annualized rate, the association’s monthly data show. That annualized figure represents what would be the total number of homes sold in the state in 2022 if sales maintain March’s pace. Realtors adjust the figure to account for seasonal factors that can influence home sales, the association said.

That sales number is up 5% from February but down 4.4% from March 2021, data show. The year-over-year drop for March was the ninth straight but the smallest in eight months, data show.

March’s statewide median home price of $849,080 was up 10.1% from February and up 11.9% from March 2021. But year-to-date statewide home sales were down 7% in March.

The new statewide median price topped the previous record of $827,940, set in August 2021. It also put the average price above the $800,000 mark for the first time in six months.

According to CAR calculations, the change in median price from February to March was the highest since March 2013, while the 10.1% jump from February was the first time in nine years that the month-to-month increase was in double digits.

Sales of million-dollar homes fueled the March statewide median price increase, according to the association, which reported they represented a record 32.9% share.

“March sales data continues to suggest strong buying interest and a solid housing market, as the effects of higher mortgage interest rates won’t be realized for a few more months,” said CAR Vice President and Chief Economist Jordan Levine.

“With the Federal Reserve expected to announce two back-to-back half-point interest rate hikes in May and June to combat inflation, interest rates will be elevated for the foreseeable future, adversely affecting housing demand and lowering housing affordability in the coming months , but the effects may not be visible until the second half of the year as many of the homes that are, or will be, closing were negotiated before the sharp increase in rates.”

The Realtors’ monthly numbers are gleaned by the association from more than 90 local Realtors and multiple-listing services statewide.

Click here to view the full numbers from the California Association of Realtors.

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ATHERTON (CBS SF) – According to PropertyShark’s annual survey, Atherton remains the country’s most expensive zip code for the fifth year in a row, with average home sales prices of $ 7.475 million.

Residents of the Silicon Valley community include Golden State Warriors star Steph Curry, Whatsapp founder Jan Koum, former Google boss Eric Schmidt, former British Deputy Prime Minister Nick Clegg and Fox News populist Steve Hilton.

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It’s the hometown of tech billionaires, entertainment heavyweights, and venture capitalists.

“With a new average selling price of $ 7,475,000, Athertons 94027 remains the most expensive zip code in the US for the fifth year in a row – nearly $ 2 million ahead of runner-up,” the real estate firm said in a news release. “Not only that, the billionaire favorite also saw an average increase of 7% year on year, suggesting that this exclusive enclave could maintain its leadership position well into the future.”

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Overall, San Francisco has the highest concentration of expensive zip codes, while the entire Bay Area has 47 of the most exclusive zip codes in the country.

PropertyShark graphic

Other Bay Area parishes in the top 12 included: Marin County parish Ross, ranked 4th with $ 4.583 million; Los Altos ranks 9th with $ 4.052 million and Palo Alto ranks 12th with $ 3.8 million. ‘

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The top 10 nationwide in the annual survey were:

• No. 1 – Atherton, $ 7.475 million
• # 2 – Boston, Suffolk County, $ 5.5 million
• # 3 – Sagaponack (Suffolk County), $ 5 million
• # 4 – Ross, $ 4.583 million
• No. 5 – Miami Beach, $ 4.475 million
• # 6 – Beverly Hills, $ 4.125 million
• No. 7 – Santa Barbara, $ 4.103 million
• No. 8 – Santa Monica, $ 4.058 million
• # 9 – Los Altos, $ 4,052 million
• No. 10 – Medina, King County, Washington State, $ 4 million

The post San Francisco Suburb Of Atherton Stays Nation’s Most Costly Zip Code; Median House Sale Worth At $7,475,000 – CBS Dallas / Fort Price appeared first on DAILY SAN FRANCISCO BAY NEWS.

A recent housing market analysis of house prices in the San Francisco District showed an average sales price of a little less than $ 1.5 million, which is more than $ 1,200 for every square meter of property purchased. This corresponds to a price increase of more than seven and a half percent in the last four months and almost five percent compared to the prices of the last three years.

The supply does not significantly exceed the demand either, which could lead to a further appreciation of home prices. Last month 628 new properties came onto the market and 618 addresses were sold in the same period. That means first-time home buyers, as well as those currently looking for a more affordable apartment, may struggle to find an apartment that is in their price range.

Some interpret these numbers to mean even worse things to individual buyers than they originally saw. For example, the number of homes sold each month fell by a little less than a quarter in the last financial year. While some have suggested that this is merely indicative of a pandemic-era buying pattern, others have suggested that it may indicate that the median price level has finally moved away from the average consumer.

Find out more about an area before buying

Consumers are increasingly turning to statistics when planning to buy a home in a new neighborhood. While the prevailing belief has been that high property values ​​indicate a good place to live, this no longer seems to be the way many potential buyers think. Excessive real estate values ​​are being linked to a new breed of pseudo-urban poverty, where people buy houses they just can’t afford and continue to buckle under the burden even though they should be able to earn enough to live on.

The dependence of vehicles on slower roads has also become an important issue for many buyers. If you want to live in an area that gives you the freedom to use public transport in any form, you have to pay for this privilege. This may be understandable for the taxes that finance the operation of transport systems, but increasingly in the form of higher up-front costs that do little to benefit the city as a whole.

It’s likely that people who find that these issues are becoming a problem in one place where they might otherwise have bought a home will look elsewhere. For some, this may mean getting off the San Francisco Metro entirely, while others instead start looking for hidden gems in the immediate area. Those who have properties in the area may put them up for sale, although developers are unlikely to show significant interest.

How buyers adapt to changing conditions

The sudden rapid growth of sites like Know Your City and various apps pointing out different facts about specific areas seems to suggest that people are actually shopping a lot more than they have in the past. Given the current work situation in San Francisco, there is a great possibility that this could eventually lead to a greater shortage as people flee to suburbs to avoid higher costs that they can no longer handle.

On the other hand, the data collected by these services also seem to point to a future downward trend. As the two best financed properties find it increasingly difficult to buy real estate, they may simply refuse to buy an existing home or condo. Assuming this actually happens, prices can drop drastically to create increased demand.

That would reset the cycle a bit and could even make the average cost of certain other products and services in the notoriously expensive bay a little more affordable.

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