Friday, August 11, 2006

USA Today - "San Francisco: Out-of-luck sellers give up, pull out" (8-7-06)

"Last week's light earthquake in Northern California probably didn't scare people in San Francisco as much as the number of "For Sale" signs that have been hanging in front of homes for weeks instead of days. Sales of single-family homes plunged 21% in June, according to the most recent data available. The number of homes listed for sale has nearly doubled since the start of the year. Prices are still rising, but more sellers are simply taking their homes off the market if they can't get the price they want, says John Yen Wong, a broker at Prudential California Realty."

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