Frustrated coastal home buyers contend with low inventory, high demand
Home buyers in many U.S. coastal areas are advised to prepare to settle, bring cash offers and close quickly.
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Home buyers in many U.S. coastal areas are advised to prepare to settle, bring cash offers and close quickly.
Available homes. >> reporter: why so few houses on the market? >> people locked into low interest rates, they really going to want to sell the house and buy something else for close to 7%? they are going to hang on. >> reporter: this for bed, 2.5 bath in san jose is listed for $1.5 million. still an eye-popping number for most of the country. is that a deal? >> i would say this is priced competitively. >> reporter: california home prices jumped during the pandemic, but now, with tech layoffs and remote work, they have declined as some here we choose to move east to more affordable straits, run...
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