Bay Area home values are back on the rise after a 9-month slump. Zillow reported the biggest jump in Solano, Marin, Napa, and Sonoma counties.
Homes are going up in value again in the Bay Area after 9 months of decreasing prices, according to a new Zillow report.prices in some Bay Area counties are starting to inch upwards after 9 consecutive months of declining prices.
The average home value increased by $800 in April, according to Zillow. The biggest jump was Solano, Marin, Napa, and Sonoma counties.Part of that is because buyers will no longer be shocked by increasing mortgage rates.Some experts say those rates could come down in the coming months which would spark more interest in home purchases.
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