Bay Area Housing Prices and Sales Falling

Yee said fear has taken ahold of the housing market, and that's keeping some buyers on the sidelines.

"A decrease in buyers coming through open houses," he said."Definitely where a house had 20 offers, they're now getting one or two, maybe three." Last month, the median price of a home in the Bay Area fell by about $100,000, according to the California Association of Realtors. In California, the median price fell by about $40,000.

Interest rates are rising and still most ppl can't afford to buy here

There's a limit to how far in debt people can go.

Interest rates went up. Duh…

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