Tastes are changing in real estate, both in renters and buyers. Many won’t rent a home, let alone buy one, unless it moves them. Cheap isn’t enough anymore. “Starter” isn’t enough anymore. In fact, the people with the biggest appetite for starter houses these days are the flippers and spec home builders.
Single female buyers are poised to make a comeback in Fresno! And Los Angeles! And here!
“I was not expecting the actual finding of the house to be the difficult part,” said Brittany Murphy, a 26-year-old Web designer quoted in Bloomberg News whose husband, 27, is a software developer . And while Brittany is looking in “sleepy” Tennessee, I’m sure there are plenty of house hunters in fast-lane Silicon Valley who can relate.
Last week I asked whether Silicon Valley’s mid-Peninsula single-family home market is cooling. This week we’ll shift our focus to the South Bay and another significant market segment I track in my newsletter. For balance, we’ll also look at a nearby more affordable area.
From the desk or iPad of Mike James, President of the Coldwell Banker Residential Brokerage San Francisco Bay Area and Hawaii regions.
There’s been lots of speculation lately that the Silicon Valley real estate market is finally softening. Is it? Or is it just evolving?
Why do first-time buyers buy? Why do move-up buyers buy? Your questions are answered scientifically here.
sil·ver bul·let (noun) North American slang: a bullet made of silver, used in fiction as a supposedly magical method of killing werewolves i.e. a simple and seemingly magical solution to a complicated problem.