The San Francisco and San Jose Statistical Metropolitan Areas ranked first and second in housing market hotness this January, according to realtor.com. And there’s a sleeper in the top 20 hot list too.
“Saving for a down payment can often be challenging for first-time homebuyers, particularly in high-cost areas like Northern California, and it is likely an issue that most consumers carefully weigh before the housing hunt begins.”
The survey reveals that the vast majority of Americans who have smart home products – controlled remotely by a smartphone, tablet, computer or by a separate automatic system within the home itself – want voice control.
Historically, Silicon Valley real estate prices decline in December, as does activity. But December 2016 was brisk enough for most sub-markets covered by this newsletter to rate at least a “warm” rating, and two earned “red hot”.
2016 saw the Valley’s real estate market cool but not freeze. It’s still a strong market by historical standards, one that demands commitment from home buyers.
Silicon Valley real estate had a very un-November-like November. Activity cooled but was anything but cool.
“The National Association of Realtors, the Mortgage Bankers Association, Fannie Mae and Freddie Mac all predict that home sales are going to heat up in 2017, and a new report from realtor.com shows such much of that heat will be coming from the western portion of the U.S.”