Thursday, June 16, 2005

Tapping The Brakes

According to the latest news from Dataquick, it looks as if the red hot Bay Area housing market might be slowing down a bit. Looks like pretty good news to me.
Home prices in the Bay Area continued their upward climb last month, although at a slower pace. Sales were strong, but not record-breaking, a real estate information service reported.
"Market trends are remarkably stable. There are still more buyers out there than there are sellers, putting upward pressure on prices. The only change we see for the immediate future is a slowing rate of appreciation," said Marshall Prentice, DataQuick president.