(TNS)—As rising mortgage rates curtail many homebuyers’ spending power, home price growth in the Bay Area has slowed, fewer homes are selling above listing price and more sellers are asking for less. The trends bearing out in the months since average mortgage rates more than doubled—to nearly 7%—contrast the region’s red-hot housing market of 2021,…
(TNS)—No other region in the nation has seen more home sales of $1 million or higher than the Bay Area, and it’s not even close. Low housing supply and high demand have made $1 million home listings common in a region unlikely to see declining home prices, even amid climbing mortgage interest rates. But a…
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