Analysis says San Francisco's housing costs have returned to 'normal'. What does that mean?

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A Redfin analysis says San Francisco housing costs have returned to “normal.”

The report shows that prices in San Francisco have returned to July 2018 levels, when taking into consideration how much money locals earn

A report recently released by real estate company Redfin makes a startling claim: San Francisco’s housing costs have returned to “normal.”

The City by the Bay, consistently ranked as one of the most expensive in the U.S., has seen signs that the housing market is leveling out: Home-price growth is slowing and mortgage rates are starting to fall, according to the report published last week.

The analysis uses a mortgage payment-to-income ratio, which finds that, after