Housing Market Hits New Rate Highs | Oakland News

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. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b586a3eba9ff796f