The San Francisco Chronicle reports today that the market slowed in October.
“There’s not a lot of oomph in the market post-midsummer,” said Andrew LePage, an analyst at San Diego’s DataQuick. “The pace of price appreciation has slowed if not halted, although it’s still up by a very impressive amount compared to a year ago.”
A total of 7,595 new and resale houses and condos changed hands in the nine-county Bay Area in October, DataQuick said. That was down 3.9 percent from October 2012, and 11.2 percent below the historic October average.
What this means for eviction rates and the proposals to help stall them is unclear. But everyone — including the mayor — seems to have an idea of what should be done.