After years of low inventory, more houses are suddenly being put on the market in the Bay Area.
But there's a twist. The hope was more inventory would mean lower prices, but so far that is not happening.
NBC Bay Area business and tech reporter Scott Budman in the video report above shows how pent-up demand among home buyers is keeping prices hovering around record highs.
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After years of low supply, more Bay Area homes are starting to hit the market. But even with higher inventory, prices are not coming down. NBC Bay Area’s Raj Mathai spoke to Business and Tech reporter Scott Budman for some insight.
