The city of San Jose just released a report titled "Residential Feasibility Analysis" that compares expected construction costs with the value of the construction. The report says the total estimated development costs have increased by approximately 12-13% over the last 18 months. Construction mortgage rates have doubled over the last 12 months and hover above 8.0%. The report … [Read more...] about High Interest Rates Make New Home Construction Less Feasible
real estate market trends
Real Estate Trends – San Mateo County vs. Santa Clara County
San Mateo County trends and Santa Clara County trends have begun showing greater differences. At the beginning of 2018 prices spiked higher in Santa Clara County due to the expected increase in mortgage rates. At the end of 2020 Santa Clara again is showing greater increases, possibly due to its greater economic influence from tech companies. … [Read more...] about Real Estate Trends – San Mateo County vs. Santa Clara County