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Oakland revealed as joint worst housing market in America

New York Post·Benjamin Brown·22 days ago
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Home prices in Oakland, California have plummeted nearly 10 percent from this time last year, evaporating the equity owners spent years growing and sliding the housing market back to levels not seen in a decade.  The average home value in Oakland is $716,248, down roughly 8.5% compared to last year, according to the most recent Zillow data from March.  Oakland, Ca. is tied for the country’s worst housing market with prices dropping 8.5% compared to last year, according to Zillow. San Francisco Chronicle via Getty Images After adjusting for inflation, the real estate crisis is even more bleak — representing a year-over-year decline of more than $90,000 or about 11.4%, the San Francisco Chronicle noted. Oakland is now tied with Cape Coral, Florida for the country’s worst housing market.  The housing market in Oakland is bleak, dropping to levels that haven’t been seen since 2015. Bloomberg via Getty Images Home values plummeted by 28% since March 2019.…

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