More Bay Area residents priced out of housing market - 2005-03-26
Higher mortgage rates are pricing a growing number of residents out of the San Francisco Bay area's housing market - already one of the nation's least affordable.
As average 30-year mortgage rates touched 6 percent and continue to rise, fewer Bay Area residents are able to buy homes because they can't afford the higher monthly payments.
In the long term, however, the climbing rates could finally slow sales and price increases in the region's overheated real estate market, experts say.
Read the full story at SanLuisObispo.com