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Transcripts For KNTV NBC Bay Area News At 6 20240713

Rates. Mortgage rates post about 5 a year ago and that put a stop on the home buyers in the market place. Because when Mortgage Rates go up that means the monthly mortgage payment is taking that much of a bigger of a bite out of family income. Reporter holly bartells has seen prices sliding for more than a year now. The trend over the last two years it is definitely come down. Reporter in her market of willow glen she has less all cash buyers and see a home sit on the market for 25 days before a sale and a couple of years ago it would sell in less than ten days and get several hundred thousand dollars over asking price. If it is in a beautiful neighborhood all fixed up, highly desirable property you will get multiple offers. It may not be the numbers we saw two years ago. Probably wont go crazy overasking but get maybe two or three right around the asking price. Reporter in september this year core logic properties the median sale ....

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