SILICON VALLEY REAL ESTATE NEWS

By: rushkd Mood: NA Date: 10/14/2008 13:30:06 Music: None

WELCOME TO LATEST UPDATES ON REAL ESTATE NEWS IN THE SILICON VALLEY.

What is going on in the real estate market in the Silicon Valley? are the prices going down? are the sales going up? how is the foreclosure market? Is it a good investment to buy property in the Silicon valley? Is it good time to buy in the Silicon Valley? yes you will get answers for all of these questions.

So far prices of the real estate in the Silicon Valley are varying from city to another. Here are some cities that have experienced increase of the property prices. Cupertino and Los gatos didn't have any price decline, the foreclosure in these cities was very low or close to none.Santa clara prices were held steady except on some foreclsoures which were selling belwo market price. foreclsoures were low that can be counted on fingers. the only area that have experienced drop in the prices and high foreclosure rate is East San Jose and some prperties in the western San Jose. Bargaining in Santa Clara is very limited. The options are too little and there are many buyers are waiting and holding to buy later on. buy the summer of 2009 the buyers will casue a jam on property buying in Santa Clara, this is my expectaions but not guaranteed. my reasoning is that there are hundreds of buyers are waiting tfor the market to drop, when they realize this will not happen they will be driven to pick one of two choices, 1- to rent or to buy, if they choose to rent the rent will sky rocketing, I fhey buy then will be encountered with other interested buyers on the same property. whcih might turn the market into sellers market. this apply to most of the cities in San Francisco Bay Area. is it good time to buy now. I will leave  it to the reader to give me the answer. you can anser me by contacting me through my email addres kaddourarashid@yahoo.com

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Rashid kaddoura