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Housing and Urban Planning
Bay Area home prices cool off just a bit
Bay Area home prices cool off just a bit

Maybe, just maybe, there are limits to what people will pay to live near San Francisco Bay. Red-hot home prices in the Bay Area are showing signs of pleateauing, according to new figures out Thursday. The median price of a house in the nine-county region ticked down a bit in October to $601,000, its lowest level since March, according to CoreLogic DataQuick. The number of sales grew slightly. "After hitting what many view as a stratospheric level, Bay Area home prices have shown signs of leveling off," said Andrew LePage, data analyst for the San Diego-based real estate firm. "To some extent, it's the result of sticker shock and a modest pickup in inventory." ...

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