SV Real Estate Update

So there's usually a bit of angst about local housing prices, among even the thinking housing abstainers, who have no skin in the game just yet. I sympathize: prolly not terribly unlike the anxiety some of us feel about getting our bowls filled, on time, before time, and even after time.

Well, View from Silicon Valley is only too happy to oblige, and have posted a chart of current inventory trends here:


We concur with their financial conclusion:

The laws of supply and demand tell us inventory holding up in the face of sales increases will be bad news for prices.

Being particularly fond of the (ungainly, unlike us) term "nicer-neighborhood bid funds," might we direct the reader to "But in the Nicer Neighborhoods" for charts depicting the origins, and presumptive destination, of said funds.