Here’s what you need to know about the latest Silicon Valley housing news.
Banking crises, fears of a recession, and the debt ceiling showdown: These events have dominated the headlines in our area recently, but how do they affect our real estate market? If you plan on buying or selling a home in Silicon Valley in the near future, you need to stay informed. In our latest spring 2023 housing market update, we’ll let you know what’s going on with home prices, inventory, interest rates, and how big news events are affecting the market.
You can listen to our full explanation in the video above or skip to each topic using the timestamps provided:
0:00 — Introduction
0:19 — How do recent headlines affect our market?
1:02 — What’s happened in our market recently?
2:14 — Low supply is driving price increases
3:22 — Many homeowners don’t want to sell
4:01 — Demand remains high
5:17 — What is driving demand this spring?
7:02 — The job market in Silicon Valley remains strong
7:20 — The forecast for the summer’s housing market
8:38 — Wrapping things up
If you have questions about anything I discussed, do not hesitate to reach out via phone or email. I am always willing to help!
