U.S. home prices continued to increase in August as the Case Shiller 20-city Home Price Index increased 0.9 percent to its highest level since September 2010. The 20-city index is up 2.0 percent in the last year.
See the article here.
In bay area, it is absolutely a seller's market. 15 to 30 offers per house is not uncommon at this moment.
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