https://www.siliconvalley.com/2023/12/04/1-in-8-home-sellers-in-this-part-of-the-bay-area-is-taking-a-loss/

It might be hard to fathom in this real estate market, but one in eight home sellers in San Francisco and on the Peninsula is now taking a loss.

Blame mortgage rates. Rising rates have pulled down home prices from historic highs during the pandemic homebuying boom. And some sellers who bought at the top of the market in 2021 and 2022 are being forced to accept less than what they paid for their homes.