What's Motivating Moves During the Pandemic

Americans have been on the move for more reasons than just to snag record low mortgage rates, shows a new survey of 2,000 real estate agents from HomeLight.  The survey, conducted in a series of 7 separate polls from april to the end of June found the top moving motivators cited include the need for space (44%), a desire to buy versus rent (41%), and to relocate to the suburbs (37%).

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Meanwhile, in the Bay Area, the sales price is still higher than the ask price, on average, and buyers outnumber sellers.  Here are the latest figures for June, for the County of Santa Clara:

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...where one can see that prices did not go down with the pandemic.  In the trenches, what we see is sustained demand for housing.

Thank you for reading,

Francis

Silicon Valley real estate

Trends: Local prices and graphs.
A noteworthy local non-profit event:  Community Services Agency - in Mountain View