Santa Clara County Housing Market Accelerates Rapidly Moving into Spring
Santa Clara County currently has the hottest county real estate market in the Bay Area, and probably ranks among the hottest in the country.
The factors at play include a dramatic rebound in repressed buyer demand, the low inventory of homes for sale, the significant drop in interest rates since autumn, a surge in consumer confidence, financial markets hitting all-time highs, and a growing confidence that the Bay Area — and Santa Clara County in particular — is going to be the center of the next big technology boom (Al).
The strengthening of the market is clearly illustrated across a wide range of indicators included in this report, indicators that will almost certainly continue to improve in coming months. Spring is typically the most heated selling season of the year.
