Property values bracing for a fall Across San Francisco Bay Area

The San Francisco Chronicle reports:

Homeowners across most of the Bay Area stand a 55 percent or greater chance that their property values will slip in the next two years, according to a quarterly study by a mortgage insurer.

Yet even though the real estate market has cooled from its go-go days a year ago, higher interest rates and still-appreciating home values continue to put homes out of reach for many, the study noted.

"The highest risks continue to be in California and the Boston-to-New York corridor, and places where there have been (large price) jumps over the last several quarters such as Las Vegas," said Mark Milner, chief risk officer at Walnut Creek's PMI Mortgage Insurance Co., which released the survey Tuesday.

The City of San Francisco is losing population.This can't help things.