How Is Remote Work Affecting Silicon Valley Real Estate Market?
Real Estate
Real Estate
| With more companies figuring out how to efficiently and effectively enable their employees to work remotely (and for longer than most of us initially expected), homeowners throughout Silicon Valley are re-evaluating their needs. Do I still need to live close to my company’s office building? Do I need a larger home with more office space? All of these questions are on the table for many homebuyers as we ride the wave of the current health crisis and consider evolving homeownership needs. New single-family home sales jumped in June and July, as housing demand was supported by low interest rates and renewed consumer focus on the importance of housing. |
| Silicon Valley’shomes under contract have far surpassed pre-pandemic levels. |
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