Low inventory in San Francisco

Since the beginning of the year, there has been a shortage of homes for sale and thousands of buyers trying to take advantage of the lowest interest ever.  This has caused a lot of heartache and disappointment when the buyers are making there best offer and finding out that there are 20 other buyers making an offer as well.  Buyers have made offers 10% to 30% over asking price and still get beat out by another buyer that had all cash.  After going through this high and low emotional trip 2 or more times, many have given up but many are hanging in there.   With this type of situation, rentals have gone up and will continue to rise.

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