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Week of March 4th-More browsers, fewer home buyers in hot Bay Area real estate market

March 4, 2018

The New Year brought lots of home shoppers, but not so many home buyers.

Bay Area residents continued to show strong interest in home ownership in January, despite rising mortgage rates and home prices, according to a study by real estate brokerage Redfin. Demand hit record levels across the country for the typically slow winter month.

“This is the highest level we’ve seen to lead off the year,” said Nela Richardson, chief economist at Redfin. Even the surging home prices, she added, haven’t dampened demand.  Read more.

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