House Hunts in Silicon Valley, California (CA)

Posted by richardpaul on May 9th, 2019

Silicon Valley is the dream for thousands of working professionals. The big corporates, higher package, amazing perks and benefits, and to top it all the breathtaking weather of California (CA) makes the place even more appealing to build a career and to live. All that looks so lucrative has few downsides also as high living cost, aggressive and competitive work culture, and often proclivities for workaholic are the typical trade-offs.

The market trend is shifting quickly in Silicon Valley. The frustratingly high value of the Silicon Valley housing market has recorded a four-year high in 2018.  Silicon Valley has been recorded as no. 1 with whopping profits of 3,000 up from 2,000 in 2017; it gained totaled 109 percent appreciation over time of possession.

It is the classic instance of disparity of demand and supply. It seems far too many people are selling their houses and villas, which are tragic, and those who are willing to stay have to pay a greater price than before. Sellers are now flooding the real estate market with second-hand properties. Although the value of resale homes is declining year-over-year, they showing signs of picking up, as recorded the average sales value was up 8.3% over.

As housing miseries strengthen, more people are finding a way out to solve the surging price of the real estate market; it could be done by adding an in-law unit to their Homes for Sale in Silicon Valley CA or by constructing houses near commercial centers and transit hubs. Meanwhile, the struggle to buy a new home in Silicon Valley, Real Estate CA continues.

It is estimated that the US economy is going robust and with that chances of home loans might increase. Last year’s tax deduction is wearing off as limits on owners. Also, the mortgage rates are marking up ever so slowly, so this could reduce the possibility of price hikes in 2019.

In the meantime, there are few companies who are making the house hunt game little easier by their unconventional and transparent approach. By not only following erudite algorithms for predicting housing value analysis also they are providing custom made needs for the buyers. Also, these tech companies help to drive a tide of displacement which has shaken the well-established group of residents in the CA`` however this wave of displacement will soon be helpful for the middle-income inhabitants who can no longer pay the quickly swelling prices of the real estate Silicon Valley.