“In September, the Bay Area maintained its position as California’s most in-demand region for real estate.”
The researchers at National Geographic and Gallup have scientifically determined that if you live in Silicon Valley, you’re happy.
Two recent articles on Amazon’s nation-wide beauty contest won’t tell us Silicon Valley old-timers–defined as anyone who’s been here more than five years–anything we shouldn’t already know. But the effects of having an overwhelming Big Tech presence have snuck up on us so stealthily that a refresher course might be in order.
“Limited inventory and high demand was the continuing trend as the summer season ended.”
I keep hearing that the new state laws relaxing restrictions on granny units aka Accessory Dwelling Units (ADUs) are a win-win. Homeowners get extra income, while increased inventory gives hard-pressed renters a break. All “at no cost to taxpayers”, according to the state senator who authored the bills.
One of the many charges leveled against real estate agents over the years has been that they show their buyers only homes listed with their brokerage. For example, since I’m with Coldwell Banker, I’ll show you only Coldwell Banker listings.
Silicon Valley real estate isn’t suffering from lack of attention. This boom is mature, but it’s aging well.
Let’s say you’re renting, but you’d like more space and a home you can make your own. You’d like to buy, but you’re not sure if you’ll buy here or somewhere you can get more house for less money. What’s the next step? And is there another motivation, even more important than the need for space and control, that you’ll have to have to be a successful Silicon Valley homebuyer?