Real estate market trends: news and what may affect the real estate market
Zumper reports median rent price increases in San Jose for the first time since March 2020. Rent prices also increased in SF for the first time since April 2020. They caution that increases are typical for this time of year so it may not indicate that effects from the pandemic are decreasing. City 1 Bed […]
San Jose Rent Prices Increase For First Time Since March Read More »
San Mateo County trends and Santa Clara County trends have begun showing greater differences. At the beginning of 2018 prices spiked higher in Santa Clara County due to the expected increase in mortgage rates. At the end of 2020 Santa Clara again is showing greater increases, possibly due to its greater economic influence from tech
Real Estate Trends – San Mateo County vs. Santa Clara County Read More »
This year has begun with unusually few real estate trend predictions. The Dec 20 Fannie Mae news release perhaps summarizes expectations: “Sentiment measures have improved to multi-year highs heading into next year, but 2017 is expected to deliver another year of pedestrian growth” and “signs of cautious consumers this quarter, …, and heightened uncertainty in
Silicon Valley Real Estate Trends Read More »
Santa Clara County House Price (per sq.ft.) Do home prices rise with rising employment? Since 2009 Santa Clara County employment has steadily risen. However it took several years for many people to feel secure enough about their future and to build up savings to buy a home. Employment and population changes are the main driving
Rising Employment -> Rising Home Prices in Santa Clara County Read More »
As of Dec 2016 most Silicon Valley homes have increased in value by roughly 40% from their peak near 2007 (before the banking crisis). However not all cities suffered equally nor have all recovered equally. East Palo Alto was hit especially hard by the downturn. Houses dropped in price from about $500 sq.ft. to about
Impact of High Tech – East Palo Alto Read More »
