Chief Economist Selma Hepp Weighs In On Spike In Interest Rates
December 8, 2016
The number of home sales in eight Bay Area counties rose by 10 percent in November compared to the prior year, but higher interest rates and low supply could dampen future activity, according to brokerage Pacific Union.
A total of 5,081 properties were sold in Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara and Sonoma counties. Sales were down 6 percent from October, but that was a smaller drop that the average 16 percent decrease between November and October over the past four years.
Categorized in: Chief Economist Selma Hepp