New Blog 2: House Prices In Bay Area

Thursday, 8 November 2012

House Prices In Bay Area

The nascent recovery in new-home sales has U.S. builders rushing to buy up a diminishing supply of well-located, ready- for-construction land. They added more than 18,000 lots during their most recent quarter, the biggest gain since their inventory hit a nadir in the fourth quarter of 2009, according to data compiled by Bloomberg Industries. Demand is becoming so overheated in areas such as coastal California that developers are forced to pay more or shop in less-favorable markets.