The California EDD data shows that Santa Clara County employment is recently more positive than San Mateo County. The Santa Clara County employment in Dec 2024 is 97% of the Jan 2020 employment. The San Mateo County employment in Dec 2024 is 93% of the Jan 2020 employment. Santa Clara County house prices per sq.ft. […]
Employment Stronger in Santa Clara County vs. San Mateo County Read More »
The city of San Jose just released a report titled “Residential Feasibility Analysis” that compares expected construction costs with the value of the construction. The report says the total estimated development costs have increased by approximately 12-13% over the last 18 months. Construction mortgage rates have doubled over the last 12 months and hover above
High Interest Rates Make New Home Construction Less Feasible Read More »
The San Jose median rent price increased for the first time since March 2020. SF rent prices also increased for the first time since April 2020. They caution that increases are typical for this time of year so it may not indicate that effects from the pandemic are decreasing. City 1 Bed Rent (m to
San Jose Rent Prices Increase Slightly – 1st Time Since March Read More »
With many college campuses either closed or partially closed, there are fewer renters near the campuses. Has the decrease in rental demand tipped demand for owning homes in those locations? Our MLS does not define a mostly residential neighborhood adjacent to San Jose State University, so it is not easy to look for any trends
Are Closed Campuses Affecting Home Prices? Read More »
Many home buyers are move up buyers. They often either want or need to use the money from their present home in order to purchase their new home. There are three common strategies they choose from: Sell their current home first then buy their new home. Buy their new home first then sell their current
Buy And Sell At The Same Time Read More »
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