Think The MA Housing Market Is Bad?
The San Francisco Bay Area saw single-family homes sales plunge more than 36 percent in November, declining to levels not see in nearly 20 years, the San Francisco Chronicle reported December 20, 2007.
"A major reason sales are sluggish despite falling prices in many regions is that it remains difficult to qualify for or afford jumbo loans, still necessary for average home shoppers in the pricey Bay Area."
The 15.4 percent slide in single-family home sales in Massachusetts seems mild in comparison.
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