According to Realtor.com, the average price for a studio apartment in San Francisco has gone down 31% compared to last September.

That number represents the largest rent price drop for any county in the country, according to Realtor.com.

The monthly price for a one-bedroom in San Francisco has also gone down.

The average price is now $2,873, down 24.2% compared to last September.

Housing prices in San Mateo and Santa Clara counties, the heart of Silicon Valley, also took a dip in value.

The average price of a one-bedroom went down 12.5% and 12% respectively year over year. Read more via abc7news

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Sankaet Pathak, Founder & CEO Synapse completed a Master’s in electrical engineering at the University of Memphis, where he previously majored in computer engineering, physics and mathematics. A scientist at heart, much of Pathak’s academic work was focused on physics and research related to the solar corona. As a student at the University of Memphis and a recent immigrant to the USA, Sankaet Pathak needed to open a bank account. He was surprised to learn that wasn’t an easy task. Sankaet knew he had to develop a better option not only for himself but for the over 20% of adults in the USA with poor or limited credit history. Sankaet founded Synapse with an eye toward offering a viable alternative to legacy banking systems, while providing operational simplicity, efficiency & ease of integration to perform virtually any banking interaction. Sankaet is launching an AI startup soon called Foundation. Foundation is developing the future of general purpose robotics with the goal to address the labor shortage. Foundation’s mission is to create advanced robots that can operate in complex environments, reducing human risk in conflict zones and enhancing efficiency in labor-intensive industries.