Sellers beginning to make concessions as Bay Area home prices drop

Sellers beginning to make concessions as Bay Area home prices drop

2 years ago
Anonymous $33nAR-2OaA

https://www.siliconvalley.com/2022/08/02/bay-area-home-prices-drop-as-inflation-interest-rate-woes-continue/

For the first time in years, the tables are starting to turn in the Bay Area’s insane housing market — as prices drop, some sellers have been forced to make concessions.

They’re chipping in to help pay closing costs and even to buy points to lower mortgage rates — all to convince increasingly reluctant buyers that the time is right to purchase a home.