Americans getting priced out of red-hot housing market: 'It's the Wild West'

Low interest rates and remote work have supercharged demand from homebuyers over the past year.

Moshika and Abhinav Guha started house hunting in the San Francisco Bay Area last fall. One hundred home visits and nine failed offers later, they're considering leveraging their 49ers season tickets as a way to stand out from crowds of other potential buyers. "We had a kind of a budget in our mind -- and this would be the max we would go to," Abhinav Guha said. "We have certainly blown out that number." Like many other families during the pandemic, they're searching for more space to work from home and raise their 16-month-old baby.