Uptick in Bay Area Home Prices Will Slow Down

September 19, 2013

The frantic run-up in Bay Area home prices is expected to settle down in the coming months as a result of three factors seen in real estate markets nearby and nationwide: rising mortgage rates, expanding inventory, and declining investor demand. Asking prices for homes were up 29.3 percent in Oakland and 17 percent in San Francisco in August, far outpacing the national average. Read more at http://bit.ly/15N8MaS