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.
“Sparse housing inventory continues to affect the Northern California market.”
60 is the new 40, and August is the new September: the start of real estate’s second buying season.
Will you still love your new home tomorrow? Four tips to minimize buyer’s remorse.
The idea has been around for centuries, but in 1931 James Truslow Adams gave the American Dream its name and modern definition: “that dream of a land in which life should be better and richer and fuller for every man, with opportunity for each according to his ability or achievement”. Make Adams’ language more gender inclusive, and it’s still a good working definition. But is it still relevant, even in a high cost-of-living area like Silicon Valley?
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.