The laws of supply and demand are pretty fool-proof. Low inventory + low mortgage rates + rising rents = rising home prices. Although there has been a slight uptick in inventory in the greater Bay Area in January, inventory is still at very low levels and it’s part of the equation that is pushing prices up, up, up. SfGate reports that Zillow is predicting a rather healthy rise in Bay Area home values in 2013, outpacing much of the rest of the nation. This is potentially good news for sellers who have been waiting to put their home on the market and potentially good news for buyers who want nothing more than to buy a home and see it appreciate.
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