patrick.net

hanera says

Sale of apartments/condos and less desirable neighborhoods (no excellent public schools) are stalling.

I find the same. That highlights its really only a seller's market for select properties.

Yup, I had that thought as well when I bought, so I bought the worst house I could afford in the best neighborhood :) I'm surrounded by Googlers, Facebookers, and WhatsAppers

Inventory for San Jose:
http://www.deptofnumbers.com/asking-prices/california/san-jose/

According to Smaulgld, how is it supposed to be, and why? You look like a "rent is too damn high" whiner to me.

"A seller's market for select properties" : isn't that true for anything? People don't generally want to buy things they aren't interested in. If you have a SFH, in a good school zone ... chu-ching $$$. That's been the story for two years!

The point of the blog post was to debunk the concept that more inventory would lead to higher prices and more sales
Nationally that hasn't happened
The SF bay area is an anomaly
Has nothing to do with whining about high rents

Well, I think it failed then ...
http://www.deptofnumbers.com/asking-prices/us/

Rew says

Well, I think it failed then ...

http://www.deptofnumbers.com/asking-prices/us/

That shows the median ASKING price not sales price

As prices rise more homes will come on the market at higher prices but they wont sell at the higher prices
http://smaulgld.com/real-estates-underwaterdown-side-sticky-catch-22/