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San Jose is the most profitable U.S. market for home flipping — here are the top ZIP codes in Silicon Valley – Silicon Valley Business Journal

San Jose is the most profitable U.S. market for home flipping — here are the top ZIP codes in Silicon Valley – Silicon Valley Business Journal

In San Jose, flippers saw an average of $145,750 in profit per flip, according to a new report.

Sourced through Scoop.it from: www.bizjournals.com

Interesting to look at the hot zip codes.  The numbers are very much driven by the perception of best schools and proximity to tech hub.  Note these are gross profits.  It is not always a win for flippers.

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Why developers Steadfast Senior Living and Community Development Partners are building 300 units of senior housing in Morgan Hill – Silicon Valley Business Journal

Why developers Steadfast Senior Living and Community Development Partners are building 300 units of senior housing in Morgan Hill – Silicon Valley Business Journal

The project, which sits at the intersection of Butterfield Boulevard and San Pedro Avenue, at 16505 Butterfield Blvd, is next to a 250-plus unit senior housing complex by another developer, Community Development Partners.

Sourced through Scoop.it from: www.bizjournals.com

We need more of these communities.  For families that want to stay in the Bay Area, we need to accommodate all ages.

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Nashville, San Francisco, San Jose Rents Continue Downward Trend; Southern Cities Reign Most Affordable

Nashville, San Francisco, San Jose Rents Continue Downward Trend; Southern Cities Reign Most Affordable

“San Jose experienced a about a 1% drop in rental rates and San Francisco, though still boasting one of the nation’s highest rents, saw the biggest y-o-y rent drop in the nation for February, decreasing 3% over the year.”  Information from the great folks at RENTCafe.com

Sourced through Scoop.it from: www.rentcafe.com

San Jose singe family home and condo/townhome rentals are definitely feeling the squeeze.  This is partly due to the increased number of apartment rentals coming on the market in 2016.  It will be interesting to see if this trends triggers some investors to sell their rental properties.  Not necessarily because of a 1% drop but equally, many bought with the strategy at selling higher.  Since it is still a seller’s market in San Jose, it will be interesting to see if any investors start selling. This will help the number of homes for sale in the coming months.

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