Silicon Valley Real Estate Info

Our local housing market is based on the strength of our local economy.  The Joint Venture: Silicon Valley Network and the Silicon Valley Community Foundation recently released its 76 page Index of Silicon Valley report (note: report takes awhile to download): The 76-page 2010 Index reports the latest data and trends in economic development, workforce, [...]

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There are nine short sale listings currently listed for sale on our local Multiple Listing Service. Seven of these are “sale pending” (in contract), one is an active listing and one is attempting to be sold via auction (today). List prices for these properties range from a low of $799,000 to a high of slightly under [...]

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I recently had an inquiry on this Blog’s chat box asking about pricing in the Waverly Park neighborhood of Mountain View.  I thought I would give an expanded answer here.  Below is a map for the neighborhoods in question (MLS area 208, Waverly Park and the Martens-Carmelita neighborhoods). View MLS Area 208, Waverly Park Mountain View CA in [...]

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Several weeks ago, I posted a video of a neighborhood house being demolished prior to it being rebuilt.  A large backhoe took about 75 minutes to tear down the home and a work crew took about 1 week, with multiple dump truck trips to the land fill, to remove the debris.  More and more homeowners are using salvage companies [...]

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Sue McAllister had an interesting article in today’s San Jose Mercury News.  The topic of the article focused on who is buying homes in our declining real estate market.  Her conclusion; first time home buyers and investors made up the majority of today’s home buyers.  Below is an example detailing one investor’s reasoning for purchasing a single family home [...]

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The Federal Open Market Committee met last night in an unscheduled meeting.  The result of this meeting was a cut in the federal funds rate of 75 basis points.  The federal funds rate went from 4.25% to 3.5%.  This marked the biggest one-day rate move by the central bank since it cut its discount rate by a [...]

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Los Altos remains one of the most stable real estate markets in the entire country.  While other markets have seen huge reductions in sales prices as well as large increases in inventory, the Los Altos real estate market almost appears to be taking the Contrarian view.  The biggest issue in Los Altos Real estate has been an abnormally low level of [...]

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As Santa Clara County property owners, you should have received your property tax bill for the fiscal year 2007-2008 in September.  The first installment is due November 10th and late if not postmarked by December 10th.  Over the years, I have been mailing my bill on the 10th of December, but there are other payment options.  Tax payers can also [...]

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It appears from recent and not so recent articles, that buying a home in the market today is not for the faint of heart.  A recent article from the Wall Street Journal discusses how the Mortgage Banker’s Association’s chief economist believes that the real estate slump will continue through 2009.  On October 18th, the San Jose Mercury News reported that new housing construction was [...]

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A client of mine who owns several small multi-unit properties recently passed on a story about some of the problems that he has had with one of his properties. The investment looked good and the return on the investment looked strong.  The property was located in what appeared to be a good area.  The complex had a good rental [...]

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