Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

It's January 2012, and there’s nothing left to buy!
It’s January 7, 2012.  Unemployment rates are the lowest they have been in almost 3 years. The mortgage interest rates are at all time lows.  There are more buyers ready to buy than there have been since 2008.  So, what’s the problem now?  There are almost no homes available to buy!Yep, the interest and unemployment rates aren’t the only factors that are notably low.  Listings here on the San Francisco Peninsula are few in numbers, too.  Here’s a sampling of what we’re experiencing in 3 of my favorite peninsula cities.In Menlo Park, the number of available homes on the Multiple Listing Service for sale is currently 31, 22 if you subtract the condominiums and townhouses. That’s less than 2 dozen single residences in all price ranges, the highest being $3,999,999 and the lowest being $279,900.  Of the 31, a mere 3 new listings were added this week.  And the number of active listings has been trending down.   According to Clarus Market Metrics, December, 2011 inventory (52 homes) decreased by 46% from December, 2010 (96 homes).Atherton is experiencing even less with 17 homes, all single, detached residences, currently available for sale, and 1 new listing being added to the inventory in the ... more

__________________________________________________
Are you on The Rain? Grow Your Network!