Californians saw the share of empty homes and rental apartments rise over the last decade, census data showed on Thursday in the latest news on the state's battered housing market. The Golden State's homeowner vacancy rate shot up from 1.4 percent to …
Home Prices Exploding in Silicon Valley Amid More Millionaires
A surge in wealth from technology stock sales and initial public offerings is spilling into the Silicon Valley real estate market as newly rich workers bid up home values in suburban cities south of San Francisco. The median price of single-family houses sold in Palo Alto, home of Facebook Inc., climbed …
The chart below shows that cities east of highway 880 are still experiencing a very high demand for housing.
For Comparison: Sales in the cities west of highway 880 are consistent, although not as strong as cities east of highway 880.
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* Mortgage rates were collected from publicly available sources (yahoo.com) on the date stated. The accuracy of the information and the availability of these rates are not guaranteed by the publisher. Rates are provided for informational purposes only and are subject to change without notice. Actual market interest rates may vary.
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