Bay Area Housing Prices Falling?

People who live in the Bay Area who were scrambling to find affordable homes in April were suddenly locked out of the market when interest rates started to climb.

But something had to give and it turned out to be housing prices.

Real estate website Zillow said back in April less than 5% of homes selling in San Jose took a price cut. By May, sellers cut the prices of more than 8% of the listed homes.

And it’s not just the Bay Area — housing affordability nationwide has sunk to its lowest point since 2007.

a5431 AP 20055731586723 Bay Area Housing Prices Falling?

53b4f OPENING ANIMATION JPG 1 Bay Area Housing Prices Falling?

Article source:

This entry was posted in SF Bay Area News and tagged . Bookmark the permalink.

Comments are closed.