Prices Peaking / Market softening in SF Bay Area? What have you seen?

[J. Martin]

Are things softening in the Bay Area, and if so, are you changing/modifying any of your strategy because of it?

I was up at Bay Area Wealth Builder's RE meetup in Corte Madera (near Marin) last week with @Kathleen L. and the host, Michael  Morengello (sp?) was talking about the market in the North Bay softening, more days on market, softer prices. He is flipping, and is now only taking on deals that take 3 months or less b/c he doesn't want to get caught with inventory if there's a downturn in prices. He even sold his personal home to downsize, and is keeping a lot of personal cash on the sideline (as stated verbally by him in chatting after the meetup.)

@Account Closed