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Housing Market Hits New Rate Highs | Oakland News
Published 2 weeks, 3 days ago
Description
Housing market heat is back — mortgage rates hit a 12-month high at 6.58%, with California leading the charge at 6.75%. Home prices in the Bay Area surged to $1.45M, up 3.6% in May, while homes are selling in just 22 days. Rising rates and inflation are making buyers pause, but demand and prices remain strong in top markets like San Francisco.
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