Los Altos & Palo Alto Real Estate Insight

Archive for the 'For Buyers' Category

Housing Shortage Explained

A feature article in the Mercury News this morning, recaping a report from the state’s Dept. of Finance on population, stated that since mid 2005 we’ve had a net increase in population here in Silicon Valley.  This fact, coupled with the new trend of elderly folks “aging in place”, puts additional upward pressure on housing prices making owners very happy.  Buyers…not so much.

Steve TenBroeck

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Confidence is Crumbling!

The Conference Board released November data today.  Confidence in the economy dropped for the 4th month in a row.  Typically, in our area, when Consumer Confidence drops, the number of homes for sale increases.  Given that we have an all-time low inventory of homes for sale in our area, we certainly hope so!  Stay tuned.

Steve TenBroeck

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