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Silicon Valley has long been a major hub for technology companies, and is the breeding ground for brands like Facebook, Google, Oracle, LinkedIn, and many more.
As the hottest technology hub in the world continues to see great success, it attracts competitive talent from the far reaches of the country. To bring in top workers, Silicon Valley salaries have skyrocketed. With those high salaries and stock options, Silicon Valley has created lots of millionaires. In fact, Silicon Valley has the second highest concentration of millionaires in the country.
And those millionaires want to own homes. Big, fancy ones. However, as the rules of supply and demand dictate, there are limited homes for all of this money, and prices have skyrocketed from San Francisco to San Jose and in surrounding cities.
Silicon Valley real estate has been climbing higher and higher for years, but it looks like that growth may be slowing down. Continue reading
What goes up…continues to go up—at least when it comes to the real estate market these days. We are seeing demand increasing and supply often lagging in a lot of places, especially in strong markets like San Francisco and Houston. As you scour through listing after listing you should not be surprised to find that your dollar may not go as far as you would like it to these days. While sellers are striking while the proverbial iron is hot, buyers almost everywhere are looking for relief from the heat. So is there relief? Most likely yes, and though it might be finding a needle in a haystack, the right microscope—and patience—will help you uncover a real steal in this booming market. Continue reading
The San Francisco Bay Area is hot—and no, it’s not because of climate change. While the mild summers of the “city by the bay” haven’t changed much in recent years, the real estate market sure has. While a good portion of the U.S is still recuperating from the ravages of the housing bubble bust, San Francisco and the surrounding Bay Area has seen fast—and arguably furious—recovery. Continue reading