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Bay Area housing market keeps surging, but lending remains tight
Bay Area housing market keeps surging, but lending remains tight

Home prices in the Bay Area continued their upward surge in June, though buyers there are struggling with low inventory and still-tough lending requirements. That's according to a new report Wednesday from DataQuick, which saw the median price in the nine-county region hit $618,000, its highest point in nearly seven years. In San Francisco, the median price reached $1 million. Prices in the Bay Area grew 11.4% compared to last year. That's a slower pace than past months but considerably faster than the 7.8% clip recorded in Southern California in June. And the number of home sales grew for the first time since September, up two-tenths of 1% from last June. The stronger...

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