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When Will the Hot Bay Area Real Estate Market Cool Down? – NBC Bay Area

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It has been a seller’s market for years when it comes to Bay Area real estate.

That won’t change right away, but experts said more houses are coming onto the market, which eventually could lead to lower prices.

Meanwhile, the Bay Area housing market is still scaldingly hot.

Zillow said homes are selling for 70% — and in some cases 90% — above the asking price.

NBC Bay Area’s Scott Budman has more in the video report above.

Bay Area housing is now getting even more expensive, regardless of your budget. NBC Bay Area’s Raj Mathai looks at the numbers and is joined by Lisa Blackwell, from Compass Real Estate, and Business and Tech Reporter Scott Budman for a closer look at what it takes to make it in the Bay.

Click here for full article…www.nbcbayarea.com