The train keeps a-rollin’, with the median home price in Santa Clara County up almost 20 percent from August 2016, and in San Mateo County up a paltry 10 percent, according to the latest California Association of REALTORS data.
Will autonomous vehicles make long commutes more tolerable, or will they make long commutes obsolete? Will AVs and car sharing change communities and disrupt housing markets?
The California Association of REALTORs most recent Home Affordability Index reveals that statewide home prices have doubled since the first quarter of 2012. Which, not coincidentally, was when home prices in much of the Bay Area took off like a rocket.
Millennials are doing their part to get more starter homes into inventory but, as usual, boomers are just being difficult.
“Stock market growth, increasing home prices in all ranges, low unemployment and new jobs created across the country are encouraging homebuyers to jump into the real estate market.”
More than half of homebuyers are willing to trade a larger house for a larger yard, according to a survey recently conducted by the Society to Talk Millennials into Buying Boomers’ Obsolete Sprawling Ranchers.
33 percent of 412 millennials recently surveyed listed their pet as their top homebuying motivation. 25 percent listed marriage. 19 percent listed the birth of a child.
A paucity of hikers on Russian Ridge, and a plethora of empty parking spaces at Stanford Shopping Center, suggest that many buyers are on vacation. But they’ll be back soon.