San Jose third costliest North American housing market -- if you believe the rankings

San Jose third costliest North American housing market -- if you believe the rankings

This title would make sense if "San Jose" included all the surrounding areas, such as Mountain View, Palo Alto etc. Regardless of whether or not it's 100% accurate, the truth is that San Jose is expensive. This is why so many people opt to purchase in Santa Cruz, and have a small commute. My feeling is that if you're going to make the commitment and buy, the best place to be is by the beach. That's just my (slightly biased) opinion. 

To read the entire article, go to: http://www.mercurynews.com/business/ci_29628585/san-jose-third-costliest-north-american-housing-market

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Finally, some good news about the Silicon Valley housing crisis

Finally, some good news about the Silicon Valley housing crisis

Typically, most of the news we hear regarding the Silicon Valley housing is regarded as a "crisis", but last week the Mountain View City Council took a huge step in a positive direction. The city approved a new planning document for the North Bayshore district (Google-land), which plans for the creation of 10,250 high density units. This would be a substantial increase, considering that Mountain View currently has about 32,000 households total. Now the next step is to see who is willing to build these units, keeping in mind the high land prices and the low income housing requirements. So far, Google (for obvious reasons) and Sobrato are the only two companies that have expressed an interest in building. Hopefully this move by the Mountain View City Council will be implemented in other areas in the Silicon Valley.

To check out the planning document: http://mountainview.legistar.com/gateway.aspx?M=F&ID=fdb717c2-ba5a-4dce-a669-86d255263e53.pdf

To read the entire article, go to: http://www.vox.com/2016/3/7/11173750/google-silicon-valley-housing-crisis

 

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The world’s largest green roof, with an orchard and a vineyard, is planned for Silicon Valley

Typically when you hear about new developments regarding housing or commercial, it is terms of maximum number of units or the highest profit. That doesn't seem to be the case with the the recent purchase of the failed Vallco Mall. Sand Hill, the Silicon Valley Real Estate Company who picked up the 50-acre property, has very ambitious plans to change the landscape (literally) of large future builds. This project will feature an orchard, vineyard, 3.8 miles of walking trails and a 30-acre rooftop park. I can't wait to see this as a common practice for builders, and think that it is about time we started seeing this kind of vision for Silicon Valley.  

To read the entire article, go to: http://qz.com/504511/this-cupertino-real-estate-company-wants-to-build-the-worlds-largest-green-roof/

California Homeowners Caught in Affordability Squeeze Staying Put

California Homeowners Caught in Affordability Squeeze Staying Put

Whenever the Santa Cruz / Bay Area housing market starts nearing a peak, most home owners contemplate selling. They see all the appreciation in their home and want to capitalize on it. The main question this brings up is, "what's our next move"? Do we buy back into this overpriced market or do we rent until prices come back down? The answer can sometimes be tricky, it really depends on the sellers circumstances. For me, I like to try to get the most out of the market, so selling and then waiting for a market reset is my first choice. What are your thoughts? 

To read the entire article, go to: http://www.worldpropertyjournal.com/real-estate-news/united-states/los-angeles-real-estate-news/california-home-affordability-2015-survey-of-california-homeowners-california-association-of-realtors-rising-home-prices-in-california-affordability-squeeze-real-estate-news-9326.php

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Rising Silicon Valley Rents: A Mountain View Tale

Rising Silicon Valley Rents: A Mountain View Tale

Bay Area Real Estate, in a lot of ways, is gauged as a whole but any local Realtor and they will tell you it consist of micro markets. For example, Mountain is benefiting from the overall upswing in the market as well as an additional push from the tech sector. Currently, Google, has been helping push the housing numbers up, both sales and rentals,  because of the lack of inventory.  This article illustrates just how expensive it has become.

To the read the entire article, go to: http://swtimes.com/business/rising-silicon-valley-rents-mountain-view-tale

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