Move here to the SF Bay Area. The market is going pretty good. My wife and I are trying to buy a house right now. We have put offers on for almost a dozen houses and been beat out everytime. Frequently by full cash buyers. This is in San Jose, Morgan Hill Gilroy, Santa Clara. I don't think the problem is so much to many buyers, there's just not much inventory and most of the houses that come on the market are REO, or short sales. The people who are underwater are staying put because they can not afford to sell.

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