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Furthermore, the average monthly inventory of homes for sale in Silicon Valley increased 15% from 2017 to 2018. [3] Real estate agents report an increasing number of middle-aged and elderly residents selling their homes and moving to more affordable locations, and although this has not made the housing market "affordable", it is causing changes.
Issi Romem, an economist at the Terner Center for Housing Innovation at the University of California, Berkeley said: "...as long as abundant new housing was built to accommodate those drawn to California, housing price growth was limited and the state's allure was channeled into population growth: From 1940 to 1970 California's population grew 242 percent faster than the national pace, while ...
Away from the hustle and bustle of the San Francisco Bay Area, a retreat has on-site vineyard, mountain views, and a cascading pool.
Articles related to affordable housing, housing which is deemed affordable to those with a median household income or below as rated by the national government or a local government by a recognized housing affordability index.
Sales of homes priced at $5 million or more in Santa Clara County — home to Silicon Valley — spiked in April. The median home price is nearly $1.8 million, according to real estate agency Compass.
With awe-inspiring architecture, views of the Santa Cruz mountains, fine wine grapes grown professionally in an on-site vineyard and a Silicon Valley location near Stanford University , a ...
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