On May 1, 2024 Federal Reserve officials judged that inflation had not cooled enough to reduce key interest rates. “… expectations for the timing of the first rate cut – which had been concentrated around June in the March surveys – shifted out significantly and became more diffuse.” “Participants observed that while inflation had eased […]
Fed Reserve – No Rate Cuts Planned Read More »
Economic Driven Changes in the economy, both local and national, have caused significant changes in Silicon Valley real estate trends. In 2000, the wealth generated by the dot com boom rapidly increased demand for luxury Silicon Valley homes. This boom was the result of local innovation rather than government policy. In 2008, the subprime mortgage
Home Price Disruptions Read More »
We’ve often wanted more detail about Silicon Valley house prices growing faster than condo prices. For Silicon Valley as a whole, house prices have increased more than condo prices since about 2020. Center of Silicon Valley Although greater house price growth vs condo price growth is dominant across Silicon Valley, there are differences. Many cities
Are Silicon Valley Condo Prices Keeping Up With House Prices? Read More »
A buyer’s market is usually considered to be when there are more homes for sale than there are buyers to buy them. Similarly, a seller’s market is considered to be when more buyers want to buy houses than there are houses for sale. Thus, home prices are expected to be rising and not very negotiable
Buyer’s Market vs. Seller’s Market Read More »
Most Silicon Valley home buyers are well aware that a no contingency purchase offer is more appealing to a home seller than a contingent purchase offer. A prospective home buyer should still think carefully about the risks they face when making a no contingency purchase offer. Probably the most significant risk is not being able
No Contingency Purchase Offer Read More »
