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June 15, 2013 11:00 pm GMT
Editors 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 Valleys Gatsbyesque wealth couldnt 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 Redfins quarterly rundown of whats happening in Silicon Valley real estate.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/m3EH2Qeuj_8/
Silicon Valley Real Estate Update: The Craziest Market In The U.S. Just Got A Little Less Crazy
Editors 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 Valleys Gatsbyesque wealth couldnt 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 Redfins quarterly rundown of whats happening in Silicon Valley real estate.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/m3EH2Qeuj_8/
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