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 »
“The S&P Corelogic Case-Shiller National Index Extends New High As Home Price Gains Continue” is the headline of the 2016-12-27 press release. The data discussed covers October 2016. The index covering all nine U.S. census divisions posted a 5.6% annual gain for October. The 20-City composite posted a 5.1% year over year gain. Seattle, Portland,
Case-Shiller Home Price Index Read More »
Federal Reserve Interest Rate 2004 – 2016 In June of 2006 the federal interest rate stood at 5.25%. Federal Reserve Chair Janet Yellen announced today Dec 14, 2016 that the central bank will nudge its benchmark interest rate from the current 0.25-0.50 percent to a range of 0.50-0.75 percent. The Vanguard Group global chief economist,
Fedreral Reserve Raises Key Interest Rate Read More »
Many people worry that locally, the real estate is going through another “bubble” of high prices that won’t continue. A simplified view of the economic downturn in 2008 is that it was the result of: a government policy which tried to expand home ownership to people who could not otherwise afford to own a home, and
Is 2013 A Real Estate Bubble? Read More »
The California Department of Finance released an announcement (and data) stating that the San Francisco Bay Area is the fastest growing region in California with a population growth rate of 1.6%. The 2013 report lists 482 cities with 444 having gains in population. Not surprising is that cities with more open area such as Morgan
San Francisco Bay Region – Fastest Growth in California Read More »
