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Keyword: houseshortage

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  • Bay Area buyers frustrated by tight supply of homes for sale

    06/01/2014 8:57:37 AM PDT · by artichokegrower · 81 replies
    San Jose Mercury ^ | 05/31/2014 | Pete Carey
    In one of the most agonizing disconnects of the Bay Area's surging economy, far more people want to buy a home than want to sell one, making this the tightest housing market in the nation. Would-be homebuyers are crowding into scarce open houses and battling for the few available, leading to rising prices, rapid sales -- many homes sell within a week -- and frustrated house hunters. "This is the most sustained period of low inventory I've seen in 20 to 24 years," said Chris Trapani, head of the Sereno Group in Silicon Valley.