sanjose

> The typical home value in Santa Clara County dipped from about $1.72 million in November to $1.69 million in May, according to data from real estate company Zillow. That 2% decline is nowhere near enough to erase the nearly 40% increase in the county’s home values since 2020, and other California counties have seen home values fall even further in the past six months. But the shift underscores how the cooling U.S. housing market is affecting even hypercompetitive regions such as the Bay Area.

> The typical home value in Santa Clara County dipped from about $1.72 million in November to $1.69 million in May, according to data from real estate company Zillow. That 2% decline is nowhere near enough to erase the nearly 40% increase in the county’s home values since 2020, and other California counties have seen home values fall even further in the past six months. But the shift underscores how the cooling U.S. housing market is affecting even hypercompetitive regions such as the Bay Area.
https://www.sfchronicle.com/realestate/article/silicon-valley-home-housing-market-20386421.php?utm_campaign=trueanthem%2B3988&utm_medium=social&utm_source=bluesky

Software Engineer @ Cadence Design Systems. B4: Stanford EE / Illinois ECE

Five-year change is nuts...I'm scared for when my property tax goes up, probably going to have to sell.  Sucks when everyone wants to move to your hometown.

Scientist 🧬, dog lover 🐶, amateur photographer 📸, crypto enthusiast, Cat Town Farcaster Community Leader

I'm surprised you're not already getting 2% hikes every year

Oh yeah I'm getting those most years.  Main issue is property is going to get reassessed to market value at some point in the future.  In a weird joint tenant situation with my dad/wife right now, tax law is complicated.