Many Are Looking, Few Are Buying

The home tours are up (14 percent) but the actual offers on Bay Area homes are down (bout 10 percent). This despite rising interest rates, continued increases in home prices, an up-and-down economy and few tax breaks, particularly at the high end of the market.

Nationwide there has been 32 straight months of decreasing home inventory.

What does it add up to? Lots of demand, not enough supply, and plenty of frustrated buyers.

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