Although home buyers and home sellers should know days on market in order to make decisions, DOM is not a good way to predict house price appreciation. House price appreciation in Sunnyvale has…
New Townhouse Construction Greater Than Single Family Or Condo
Looking at the new homes built in Silicon Valley by the five largest builders in 2020 shows: 316 townhouses built, 230 condos built, and 148 single family houses built.
Townhouse construction surpasses both single family and condo construction. With local cities having height restrictions, townhouses can be built to the same density as condos. If smaller homes were wanted, condo construction might surpass townhouses, but most home buyers want 3+ bedrooms.
With so few new homes being built, Silicon Valley real estate market trends are likely to continue showing homes prices climbing faster than incomes.
Buyer’s Market vs. Seller’s Market In Belmont
You often hear the phrase “seller’s market”. Most people would say that this means the sellers are exerting their desire for…
Settlement Contingency Protects You But Makes Your Purchase Offer More Acceptable
Many homeowners are held back from purchasing a new home because they want or need to sell their current home. Many potential buyers have heard…
No Contingency Purchase Offer
Most Silicon Valley home buyers are well aware that a no contingency purchase offer is more appealing to a home seller than a contingent purchase…
“The Old Paradigm Of Low Interest Rates … Is Not Going To Return”
Ken Rosen, the chairman of the Fisher Center For Real Estate, at Berkeley’s Hass School of Business, talked recently about future real estate…
House Price Up But Price Per Sq.Ft. Down
The San Mateo City average house price rose in line with previous quarters, but the San Mateo City median house price spiked up. The details of San…
Opendoor iBuyer – FTC: cheating is not innovation
The Federal Trade Commission has ordered Opendoor to pay $62M to stop deceiving consumers about its Service. Opendoor has agreed to the proposed…