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A pedestrian walks by a housing unit at the corner of 7th Street and Madison Street on Wednesday, June 28, 2023, in Oakland, Calif. Homebuyers, squeezed by rising interest rates and sky-high listing prices, are increasingly turning to condos as an alternative to pricier single-family homes. (Aric Crabb/Bay Area News Group)The cost of a typical condo in the Bay Area is $788,500. Compare that to an eye-popping $1.3 million for the typical single-family home.
Originally published at Ethan Varian