is this a right time to buy house in sf bay area?

Interest rates are still going up and I have read that probably keep increasing for the next 4-6 months. Now that can put a cool on home prices but that also means that your mortgage is going to be higher. So even if home prices slip you still might break even because of the interest rates. The Bay Area is always going to be exspensive place to live, the longer you wait the higher price you'll pay.

I live in sonoma county (north of SF) and houses arn't selling as fast as i saw them go a few years ago. So I would say go for it.