New home lot supply drops to cycle lows
While the most recent housing market crash was felt across the nation, signs of a current housing recovery are happening on a more localized basis. Housing market conditions continue to vary not only from state to state, but from city to city, and in some instances, from neighborhood to neighborhood. The debate remains on where we are in the housing market recovery cycle nationwide. However, in the Bay Area, the lack of good homes for sale is bringing back the first signs of a sellers market to the region.