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Real Estate Market Blog: January 2014

 

Insights on the real estate market trends on the Mid-Peninsula: Portola Valley, Woodside, Atherton, Menlo Park, Palo Alto, Los Altos and Los Altos Hills.

January 2014 Real Estate Update

January 15, 2014
Ginny Kavanaugh
Happy New Year! I feel very optimistic about the potential for a strong housing marketin 2014. Here are 4 reasons why: A robust local economy. Silicon Valley, the Peninsula, and San Francisco have one of the strongest economies in the country. Dice.com reports that 55% more employers, a record high, areready to hire a large number of techies – who will provide a better-capitalized pool of buyers this year. Supply and demand. Demand is extremely high and supply is historically low. This is what pushed prices up and created so many ...