Northern California Home Sales Hit a 20-Year Low

The housing bubble has burst in Northern California.

September homes sales in Northern California sunk to their lowest level in two decades as mortgages became harder to get, a real estate research firm said Thursday.
A total of 5,014 new and resale homes and condos were sold last month in nine San Francisco Bay area counties — a 40 percent decrease from the same period a year ago, according to DataQuick Information Systems.