(TNS)—No other region in the nation has seen more home sales of $1 million or higher than the Bay Area, and it’s not even close. Low housing supply and high demand have made $1 million home listings common in a region unlikely to see declining home prices, even amid climbing mortgage interest rates. But a recent report examining U.S. metropolitan areas with the highest percentages of $1 million home sales puts the soaring home prices of the Bay Area and California into sharp relief. Metropolitan San Jose, where 61% of homes sold for $1 million or more in 2020, came at the top of the list compiled by the Inspection Support Network. At 49%, the metro area comprised of San Francisco, Oakland and Berkeley had the nation’s second-highest percentage of homes that sold at or above $1 million… read more

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