Valley of Heart's Delight Blog

Affordability Improves Very Slightly In Silicon Valley

The Silicon Valley/San Jose Business Journal just published an article relating to housing affordability in Santa Clara County (the San Jose or Silicon Valley area) that reveals a slight improvement for weary home buyers here "with a 14.1 percent share of homes affordable for the median income of $94,500". Last quarter the percentage was 12.8%. Statewide, the ratio is 12.6%. For more info around the Bay Area and around the state, please see the Business Journal's article, entitled "Valley Ranks #25 in Home Affordability". 

Earthquakes and Home Sales

Earlier this week we experienced a moderate earthquake in San Jose, Los Gatos, Saratoga, and all of Silicon Valley.

For mos of us, it was no big deal - if a big of a wake up call!

But what happens if you are midway through buying or selling a home when a significant earthquake strikes? I blogged about it elsewhere, on www.LiveInLosGatos.com, and I invite you to pop by and read about earthquakes and real estate transactions there.