The national housing market is stuck in a post-pandemic rut.

Prices and interest rates have stalled out at unaffordable highs, keeping buyers at bay. Sellers, unable to fetch the still-higher prices they want, are backing out of the market in droves. The result is a housing market stuck in molasses, with a slow down in new listings , stagnant sales and an uptick in deals cancelled at the last minute.

RELATED: Across the Bay Area, home sellers are dropping their prices as inventory rises

If the country as a whole is in the middle of a housing market drought, conditions look especially parched in California.

New homes listed for sale fell by more than 17% in San Francisco, compared to the same time last year, according to online real estate broker Redfin. There were double-d

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