Santa Clara County

SocketSite™ | Bay Area Employment Hits a New High

Santa Clara County to a record 1,015,600 with an unemployment rate of 3.8 percent.

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

We know this fact by the traffic! We also can count the demand for housing to continue as we simply do not have enough homes to meet the inbound movement.

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.”

What’s happening in Santa Clara County Home Sales

As we move into the 4th Quarter of 2015, three key market drivers continue to push sales and appreciation on homes upward. Continued job growth for the Silicon Valley area, low available inventory of homes for sale, and record low-interest rates. Job growth for our area is nearly 3% over last years with some of […]

San Jose Housing Market Report

Trends At a Glance Apr 2011 Previous Month Year-over Year Median Price $396,250 $379,500 (+4.4%) $410,000 (-3.4%) Average Price $487,840 $426,794 (+14.3%) $439,217 (+11.1%) No. of Sales 62 44 (+40.9%) 41 (+51.2%) Pending Properties 115 140 (-17.9%) 148 (-22.3%) Active 125 115 (+8.7%) 187 (-33.2%) Sale vs. List Price 99.2% 98.4% (+0.8%) 101.3% (-2.1%) Days on Market 58 63 (-7.5%) 34 (+70.8%) Prices and Sales Days of Inventory Sales Year-to-Date Sale Price/List Price Ratio Home Prices and Sales […]

Can I afford to buy a home? Santa Clara County Homeownership Programs Can Help!

In spite of doom and gloom push by many, there are many people that do want to buy a home.  For most, the biggest challenge to buying a home in the greater Silicon Valley is finding the funds for a down payment.  Even with FHA availability requiring only 3.5% down may not be an option […]

What repairs do lenders require in Santa Clara County before approving a loan?

Q. What repairs do lenders require in Santa Clara County, Ca before approving a loan? We’re buying a 1940’s house in forclosure. It needs a lot of clean-up & cosmetic work. It has almost no kitchen cabinetry, a really grimey counter & sink and the stove doesn’t work. We think the roof leaks too. There […]

Real Estate Appraisals Now Lagging in Many San Jose Neighborhoods

Investors are back in the market, and they’re paying all-cash, mostly for property under $500,000. The effect of this is to freeze out first-time home-buyers who have to get a loan. Banks are still chary about providing loans. About the only loans left for first-time buyers are FHA loans.  So, while the first-time buyer is […]

When it Rains, It Pours: The San Jose Housing Market

It was raining this weekend so I was unable to show houses and had no open houses scheduled.  Therefore my options were to read or study the MLS.  Reading makes me sleepy so the MLS won out.  Each day I hear a great deal from the real estate pundits trying to predict the housing market.  […]

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