Will it ever get better? Even moderately?
We are a family of four with young kids. We live in a condo in the city. As the kids are getting bigger we are really feeling the pressure to move to a proper SFH with a yard and space for kid stuff. I've Marie Kondo'd the crackers out of our condo and we still live piled on top of piles.
Everything we've seen in our price range ($1 to $2 mil) is a "fixer," put politely, and we don't have extra money to cover the decades of deferred maintenance that these homes need. (Especially not at the current prices for repair and remodel, which are every bit as crazy as the home prices.) Sometimes it seems like the only way to get a decent home in this area is to inherit it.
Any experienced Bay Area real estate market watchers out there? What do you think we can expect in terms of prices and supply? I've been wondering what inflation and higher interest rates are likely to do. And remote work. I know people say it's going to free tech workers to leave the area, but then we also see Apple and others building and leasing like nothing has changed.