Can’t afford to buy your Bay Area dream home? Have you considered a condo?
That’s the question real estate agents across the region now are asking house hunters squeezed by soaring mortgage rates and sky-high listing prices.
Since the pandemic upended the local housing market three years ago, more buyers have opted for condominiums and townhomes instead of pricier single-family homes. For some, it’s their best chance to build equity in a starter property. Others have grown tired of the headaches of renting and sought to flee cramped apartments as they’ve spent more time working from home.
