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Transcripts For KPIX CBS 5 Eyewitness News At 6PM 20130117

Meeting, it comes up again. Its going to promise to be an even livelier meeting if you want to call it that than the one last night and it is going to be the big question is whether they go with this or not. But thats the next one next tuesday. New at 6 00 the bay areas Housing Market is suddenly red hot. Prices havent risen this fast since the 1980s. It might be too good to be true. John ramos reports. Reporter the headline says, dataquick says the bay area median house price jumped 32 since a year ago. Thats the largest one year increase since the Research Service began keeping records 25 years ago. It is hot, very hot. Everything is six to 20 offers on it depending on the price point. Reporter ryan taylor is a realtor in the concordwalnut creek area. He says the escalating prices are not necessarily good news if you are looking to buy. Over and over again i have been beat out with my buyers writing offers 20 to 50,000 over asking and still not being the best offer. Reporter taylor i

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