Is Bay Area housing bubble back?

“It seems absurd, but a few short years after the biggest home price crash in memory, soaring prices are stoking fears — or at least stirring talk — that another housing bubble is forming in the Bay Area.

That has some buyers skittish and others dropping out of a market that favors cash offers and whopping over-asking-price bids.

“It’s back to the bubble,” said Janine Epstein, a San Jose schoolteacher who is having trouble finding a condominium or townhouse she can afford.”

For complete article:  http://www.mercurynews.com/business/ci_23465903/is-bay-area-housing-bubble-back?source=rss