As I have mentioned in the last post, the normal and healthy ripple effect of real estate market is not back here in Silicon Valley yet. There is low demand for lower priced housing, especially condos and townhouses which require monthly fees; in comparison, the higher end segments are selling quite fast. If the sellers of the lower priced houses are not selling, they can not easily move up to buy higher priced houses. But we do have quite a few higher end house buyers, especially some willing to pay cash.
By reading the article by Associated Press, "Bipolar housing market: The haves and have-nots", we get the snapshot of the whole housing market in the U. S. In many senses, the real estate market in Silicon Valley is a synecdoche of the nation.
Owning a home in Silicon Valley is not an easy task. The local market of supply and demand, especially in west side of the Valley, is not in sync with the rest of the country's economical situation. The extreme of low supply and high demand has made purchasing a home in Silicon Valley very competitive and sometimes tricky. In this blog, bits and pieces of market phenomenon are presented for your information.
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