Low inventory creates problems for buyers in the S.F. Bay Area

It is certainly a great time to purchase a property only if there is something to buy.  There are plenty of buyers looking to make the purchase but instead, they are experiencing disappointment after disappointment in trying to make offers for a home.   Some buyers have made offers over the asking price only to find out that there were 20 other offers for the same house.  Some all cash purchases, some with large down payments, and most of them are over the asking price as well.  This is due to the lack of properties available for sale.  The housing inventory is so low that it is creating a sellers market.  Where is all of the shadow inventory?  Until more properties come on the market, buyers need to be patient and hope that more properties come on the market.

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