Seller’s Market Returns Full Force

Check this out.  It is a seller’s market for the first time since 2007.  Buyers beware.  Prices in the Hayward market are up 34% year over year.  While prices have not fully recovered, the increase may start freeing up inventory.  My read is that it will take another 12 months to get values up to where folks are willing to start selling.  Of course those who are selling need another place to buy, and the extremely low inventory is keeping people in place for the moment.  In the meantime, we might well see another year of double digit increases.

http://blogs.wsj.com/developments/2013/02/21/housing-its-becoming-a-sellers-market/