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Real Estate

Relief in Sight for Homebuyers in High-Priced West Coast Cities

Bloomberg business news
U.S. June Housing Starts, Permits Plunge to Nine-Month Low

It’s been tough being a homebuyer on the West Coast. Prices have been surging for years as house hunters fight for the few available listings. Now the tide could be shifting.

As sellers come off the sidelines to lock in gains, they’re starting to boost inventory. New data by brokerage Redfin Corp. shows that supply in several U.S. markets is rising in the places that need it the most, like Seattle; Portland, Oregon; and San Jose, California.