Bay Area Home Prices Jump 6% Despite Rising Mortgage Costs therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
Bay Area home sales remained sluggish in the month of October, as interest rates kept potential sellers from listing, and the supply of available homes dwindled.
Bay Area home sales remained sluggish in the month of October, as interest rates kept potential sellers from listing, and the supply of available homes dwindled.
With inflation cooling more than expected, economist Lawrence Yun forecasts that the Federal Reserve will adjust its monetary tightening posture, and buyers could see mortgage rates drop to 6-7% by early spring.
California s housing affordability has dipped to its lowest point in 16 years with only 1-in-5 (15%) homebuyers able to afford a median-priced, single-family home, yet the Peninsula continues to see homes sell for over asking price.