Home sales hit their lowest level in 16 years, spurring a big scramble among Bay Area buyers

Home sales hit their lowest level in 16 years, spurring a big scramble among Bay Area buyers

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Plenty of buyers are on the market for a home — the problem is finding one. Persistently high interest rates paralyzed the Bay Area housing market in November, stymying would-be homebuyers and pushing sales in California to their lowest level in 16 years. “Buyers are willing to buy, but there’s…

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