Surge in Rents....Silicon Valley / Bay Area Homes.

Rents have risen 7 percent in the past year while incomes have failed to keep pace, only inching up by an average of 1.8 percent. Many people are finding it more difficult to afford to pay their rent, which has led to a spike in evictions in the past year.   Read more:  [Open in new window]

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Trends in Bay Area Counties:  

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Homes and real estate in Cambrian, San Jose, California.

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Real estate and homes in Campbell, California. Bay Area and Silicon Valley real estate.

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Los Altos - single family home sales in silicon valley, bay area.

Los Altos - single family home sales in silicon valley, bay area.


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Trends in Campbell, California:  [Open in new window]
Trends in Santa Clara, California:  [Open in new window]

Mortgage Rates are lower than last year at this time.

Borrowing costs from mortgage rates were cheaper this week than at the same time last year, Freddie Mac reports in its weekly mortgage market survey.


A year ago at this time, the Federal Reserve had announced a tapering of its monthly mortgage bond-buying program, which had spurred market anticipation that the Fed would be rising its mortgage rates soon. The 30-year fixed-rate mortgage had then 

jumped to a 4.46 percent average. This week, rates averaged 4.14 percent.

Here’s an overview of the national averages for mortgage rates for the week ending June 26:

• 30-year fixed-rate mortgages: averaged 4.14 percent, with an average 0.5 point, dropping from last week’s 4.17 percent average. Last year at this time, 30-year rates averaged 4.46 percent.
• 15-year fixed-rate mortgages: averaged 3.22 percent, with an average 0.5 point, dropping from last week’s 3.30 percent average. A year ago, 15-year rates averaged 3.50 percent.
• 5-year hybrid adjustable-rate mortgages: averaged 2.98 percent, with an average 0.3 point, dropping from a 3 percent average. Last year at this time, 5-year ARMs averaged 3.08 percent.
• 1-year ARMs: averaged 2.40 percent, with an average 0.4 point, dropping from last week’s 2.41 percent average. Last year at this time, 1-year ARMs averaged 2.66 percent.

Source: Freddie Mac

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4019 Gold Run, San Jose, CA 95136 - Stunning and Gorgeous

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1801 Michon Drive, San Jose, CA 95124. Cambrian Home Just Listed.

1801 Michon Drive, San Jose, CA 95124



Freshly painted in and out. Tree line street, lush front and back yards.

Extremely private back yard.

Tranquil and peaceful setting.

Top Union Schools.

3 beds / 2 baths over 1550 sf, 6500+ lot.






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