This morning I read a comprehensive article assessing the real estate market in California and several key markets within it. Normally I do not publish a post here suggesting that people read analysis elsewhere, but this is an exception, as it includes 2019 predictions that most home owners or home buyers would find of interest.
Some of the 2019 predictions are along the lines of my own thinking, including that we have to see what happens in February to understand the market’s direction, and that it seems that it will continue to be an appreciating market in 2019 (if milder, per many economists). Also the falling prices have spooked home buyers, so rather than rushing at the 20% off sale, some are waiting for prices to be cut by 65% (I wouldn’t hold my breath) or some other extreme number.
From MangageCasa.com:
California Housing Market Report and Predictions 2018 2019
If you’d like to check out the real estate market data in Santa Clara County and other Silicon Valley communities, please visit my main blog site, ValleyOfHeartsDelight.com/blog or SanJoseRealEstateLosGatosHomes.com (the first link forwards to the second).
Other reading of interest:
Urban Living Neighborhoods in Silicon Valley and San Jose
Silicon Valley’s Apartment Rental Market
The shock of Silicon Valley housing costs: how little you can buy on a huge income
