San Jose

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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The Great Housing Debate: Buying vs Renting – DSNews

The Great Housing Debate: Buying vs Renting – DSNews

On a national basis, for households who move every seven years and can afford to put 20 percent down, today buying a home is 37.7 percent less expensive than renting. This is up slightly from the year prior, and across the 100 largest metros it ranges from over 50 percent to slightly under 20 percent. Nationally, prices have increased by 5.9 percent year-over-year in comparison to a growth of 3.5 percent for rents. But thanks to low mortgage rates keeping pressure on prices, say McLaughlin, buying a home today continues to be the best deal since 2012.

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

Of course these numbers are based on a National Average and 20% down but what do the Silicon Valley numbers look like?

 

“These markets include: Honolulu, HI; San Jose, CA; Milwaukee, WI; Newark, NJ; San Francisco, CA; Madison, WI; Sacramento, CA; Fairfield County, CT; Oakland, CA; and Ventura County, CA. Despite the fact that these markets have the slimmest advantage for buying compared to renting, it is still at least 22 percent cheaper to buy a home than rent in each of these markets.”

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Downtown San Jose | San Pedro Square Market

Downtown San Jose | San Pedro Square Market

Welcome to the San Pedro Square Market.

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

We had a great time last year! Mark your calendars now.

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San Jose Ideal for Foreign Investors, Says Mayor

San Jose Ideal for Foreign Investors, Says Mayor

Investors from Asia, Taiwan and India, among others, are turning to San Jose as an ideal city. Downtown San Jose boasts six high-rises financed by Chinese investors. Sam said San Jose is benefiting from the declining economy in China, which has a three-to-one debt to GDP ratio.

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

Interesting how times change. (?)  However, not clear on the plan for bringing manufacturing back to San Jose.  Doesn’t quite make sense. Unless, of course they are the highest paid manufacturing jobs. #justsayin

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Bay Area job market still solid, despite August slip

Bay Area job market still solid, despite August slip

“In August, California accounted for 42 percent of the 151,000 jobs created in the nation,” said Sung Won Sohn, an economics professor with California State University Channel Islands. “California’s economy is surging while the rest of the country is not so hot.”

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

Most interesting detail of the article, ” “In August, California accounted for 42 percent of the 151,000 jobs created in the nation,” said Sung Won Sohn, an economics professor with California State University Channel Islands. “California’s economy is surging while the rest of the country is not so hot.”

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Homeowners Regain Equity in Q2 – DSNews

Homeowners Regain Equity in Q2 – DSNews

The number of homeowners are in a negative equity position with their homes is dropping substantially every quarter.

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

To help with the panicky feeling we all get when the market shows a little flattening, homeowners equity is a great stat to embrace.  The more equity in our housing market, the better buffer we have to ride the waves of the dynamic real estate market.  Keep on building equity America!

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