Tuesday, September 06, 2005

San Jose-Silicon Valley housing market........

Have we reached the top of the real estate market here in San Jose-Silicon Valley, why or why not? July was a slightly down month price wise as it appears was August....will September bring back the buying interest/prices as it traditionally does in the fall? All you Karnacs out there, what does the future have in store?

2 comments:

Dave the lender said...

Historically speaking, San Jose area Real Estate has enjoyed robust gains in appreciation over the last 30+ years. If the time you plan on living in your new home is at least three years, your chance to lose money on the investment is very slim. The days of 12% - 20% year to year gains may be over, but its still a great investment in more ways than one.

davethelender

Jeremy said...

Hurricane Katrina was an unfortunate disaster. However, it will more than likely slow down the rise in interest rates which will continue to nurture a strong real estate market. Silicon Valley will continue to be one of the top real estate buys available.