California's Silicon Valley is known for being a hub of technology and innovation, and home to many well-known companies like Apple, Google, Facebook, and Adobe. Silicon Valley also has one of the most unique—and most competitive—real estate markets of any city or metropolitan area in the world. In this guide, we examine past and current real estate market trends in the Silicon Valley area to determine what the future might hold.'
With a median home price north of $1.1 million, the San Francisco Bay Area is one of the priciest real estate markets in the United States. Silicon Valley has a lot to do with this distinction. For many years, the Silicon Valley region (a.k.a., Santa Clara Valley) has had an outsized influence on both the local and regional economy. It affects everything from employment rates to home prices and housing affordability.'
Earlier this week, the National Association of Realtors published a report that showed a shift occurring within the real estate market. In short, they believe the market has become more buyer-friendly over the past year, and that it might continue going forward. Here in the state of Washington, some cities could move toward "buyer's market" territory in 2025.'
The new real estate landscape is shaped by several key trends: rising mortgage rates, high price appreciation, low housing inventory, and soaring home values and equity.'
Seattle’s home prices are some of the highest in Washington State and the country. They’ve increased over the past year and are expected to rise again into 2022. This article will outline the market in Seattle into the new year. '
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