GREETINGS!
We’ve increased our housing inventory…..hooray! Does that mean that prices have come down? Nope. Do we expect to see interest rates increase at some point this year? Yep. The housing market is ROARING!!!!!
If you’re renting, and wishing to purchase, the key is to search and purchase sooner rather than later. As the market in Silicon Valley continues to rise, your capabilities may diminish. And you will need to compromise on your “dream” list…
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We will be publishing a blog article shortly that we wrote, entitled “The Trap of Renting vs. Buying”. Look for that in the next couple weeks. In the meantime, here are some stats:
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NEWS YOU CAN USE:
Transportation is one of our biggest issues….as the population in SV grows, the more we need out-of-the-box ideas on how to move people around…not the least of which – high speed rail – would make living in more affordable areas a much easier proposition.
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FAST FACTS
Calif. median home price: January California 2015:
California: $468,330
Calif. highest median home price by region/county: San Francisco, $1,173,610
Calif. lowest median home price by region/county: Del Norte, $156,670
With all the rain we are experiencing, you may need this information:
To report local flooding or downed trees/limbs immediately, call (408) 277-8956 after hours, including weekends/holidays or (408) 794-1900 weekdays 7:00 a.m. to 4:00 p.m.
And finally:
With American Musical Theater, the San Jose Rep, and the Silicon Valley Ballet all closing their doors, the ability to see live theater and music in San Jose is fast disappearing. If you want to see a concert by an incredibly exciting small orchestra, consider attending the 25th Anniversary Concert of the San Jose Chamber Orchestra this weekend, Sat. March 12 at 8 pm and Sun. March 13
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We have almost 15 year of experience in real estate in Silicon Valley, coupled with Nick’s legal background and Barbara’s expertise in marketing. We depend on the goodwill of our clients, and we are never too busy for your referrals. Please tell your friends about our thoughtful, value-added, and personal attention approach to real estate representation.
We’ll be back next month or so, with another Real Estate Update. In the meantime, enjoy the rain!