release a software update to fix the issue. In tonight's Making It in the Bay report, a housing price update that's intimidating a lot of would be buyers. Prices continue to skyrocket even as more houses come onto the market. Our business and tech reporter Scott Budman, breaks down these latest numbers because it's so big, people are dreaming up what they could do with it. In the case of this Willow Glen house, it's a big backyard driving the price up. But throughout the Bay Area, home values are again stretching to new highs. We're seeing many showings per house, multiple offers per house, high demand and not enough supply leading to prices like this. A $2 million median price in San Mateo and Santa Clara counties. Nosebleed levels for San Francisco and Alameda as well. It seems intimidating for the future. Young people tell us they almost can't imagine being able to buy here. Honestly, I feel no. We very much have still a very strong job market locally. The desire to live here locally in this beautiful place is so the demand to live here is still very, very high demand so high. The Bay Area once again tops what Zillow calls its heat index. You basically have a situation where you still have not enough inventory to go around for the growth in the number of families, that want to live in the area as to how people come up with the money to buy homes here. The answer not all that surprisingly, they're cashing in stock with tech stocks reaching all time highs these days, and the typical down payment somewhere near $400,000. Well, most people, agents tell us, are buying these homes with stock options
