Sticker Shock Cools Bay Area Home Sales

After prices reached a record high in July, home sales in the Bay Area are cooling down as buyers get hit by sticker shock.

1 minute read

August 25, 2000, 10:00 AM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

Bay Area July homes sales were down 14 percent from June as buyers get hit by sticker shock from July's record high prices. Experts say "...the July (2000) sales volume is closer to normal than the prior two years...1998 and 1999 were particularly hot in the Bay Area"and warn that "buyers shouldn't take that as a signal home prices will be coming down anytime soon."

Thanks to Abhijeet Chavan

FULL STORY: Bay home sales take big slide

Friday, August 25, 2000 in Contra Costa Times-Walnut Creek

Housing California

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