Found 1 blog entry tagged as Home Shortages.

    

As any agent selling in the East Bay area will tell you, there are just not enough homes on the market for number the buyers that want to buy them.  There is a such a severe shortage of homes, that most of those that are currently on the market are getting many, many offers, and often at prices surprisingly higher than the original asking price.  

How did it get to this state?  A recent news report from Realtor.com states that San Francisco area home prices in January were up 23.7% from a year earlier, and in the Oakland metropolitan area, which includes Alameda and Contra Costa counties, prices rose 24.1 %. If you concentrate on just the Montclair and Berkeley areas, that price rise is 17% higher than last year. That percentage should go…

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