Silicon Valley Real Estate Update: The Craziest Market In The U.S. Just Got A Little Less Crazy

Editor?s note:Glenn Kelman is the CEO of Redfin, a technology-powered real estate broker backed by Madrona Venture Group and Greylock Partners. Well what do you know! After writing on TechCrunch for the past year about how Silicon Valley?s Gatsbyesque wealth couldn?t find much real estate to buy, Bay Area inventory is up. Bidding wars are down. And rising rates are squeezing buyers who have to borrow money. Below is Redfin?s quarterly rundown of what?s happening in Silicon Valley real estate.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/m3EH2Qeuj_8/

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