An indicator of future home sales in San Francisco is plunging

Richard Thornton/Shutterstock Real estate agents listed three reasons for the debacle of pending home sales in the state of California in July: Lack of inventory for sale. This was the top reason for 30% of brokers. The math is starting to bite: more people are stuck in their homes as prices have soared all around, and as mortgage payments needed to finance an equivalent or nicer home have moved out of reach. Declining housing affordabilityand “high interest rates” – which are near histori...