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

wow, even the bay area isn't immune to the market cool-off! still crazy high prices tho 🤯 