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Supply of Homes Tight in Bay Area, But Buyers Are Eager — and Determined

A crowded hillside of homes in San Francisco.

Strong demand for Bay Area housing will make for a busy 2013.

Much of the reporting on the 2012 housing recovery has focused on the tight supply of homes on the market, often blamed on homeowners without enough equity to move into more expensive properties or holding out for higher prices to recover their investments.

But there’s another part of the story that’s received far less attention: Homebuyers are snapping up properties at a pace we haven’t seen in at least six years.

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