Bay Area Home Prices Stagnant After Seven-Year Tech Bonanza
Photographer: David Paul Morris/Bloomberg
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The Bay Area’s housing market is cooling off after years of growth fueled by the tech boom.
The median price of a house in San Francisco increased just 1.3% from a year earlier to $1.6 million, the smallest gain since 2012, according to the real estate brokerage Compass. Prices in Santa Clara County, which includes San Jose and Palo Alto, declined almost 6% to $1.26 million.