Not unexpected

Minneapolis

The housing market has become an unexpected casualty of Minneapolis’s political turmoil. 

Home sales in the city plunged nearly 20 percent in January - the sharpest drop of any major US metro outside the ultra-expensive Bay Area - as buyers and sellers alike pulled back amid mounting political unrest.

(ERJ notes: Markets freezing up before prices drops. Sellers are reluctant to drop prices while buyers stop looking. Oddly enough, some sellers RAISE their asking price so they can "offer the buyer a discount") 

At the same time, home prices have fallen by more than $20,000 since summer, wiping out equity and raising fears that the city’s housing slowdown is only just beginning.       Source

 

Portland

 

Twenty most expensive downtown properties.   Source

Seattle

Rents are at the same rate as 2019 which represents at least a 23% decline when inflation is factored in.

There are rumblings of Amazon and Microsoft pulling their Headquarters out of Seattle. "Impossible!" you declare?  Bezos yanked the rug out from the Washington Post after losing money too many years in a row. He may be a progressive, but a dollar is a dollar and Seattle sees Amazon as a tax-donkey.