Well, our frequent reader and commenter, Sophie, doesn’t really say it, the article on BusinessWeek.com does, but she tipped us off, so we’re passing it on.
And yes, we still focus on San Francisco real estate, but find ourselves looking more and more that way (San Jose/Penisula), and receiving more and more tips from there, so why not talk about it. Half of our residents work down there anyway.
Unlike other California markets that have been battered by foreclosures, real estate in Silicon Valley, part of the pricey San Francisco Bay area, has remained relatively strong and has been buoyed by the job growth in the technology sector and some of the highest salaries in the nation. The subprime problems that have vexed other parts of California have been relegated to parts of San Jose and to the outskirts of Silicon Valley. The towns with the best schools, including Palo Alto, Woodside, Los Altos Hills, and Cupertino also tend to have the most robust markets.
Please don’t go moving there. The city is more fun.