Recent News from the Media about the San Jose Real Estate market

Some interesting news this week from the media, Zillow aggregating the county and averaging a 6% loss in value and Forbes showing that San Jose is the best Sellers’ market in the US. One wonders who to believe and that really depends on which of the San Jose markets we look at, doesn’t it? Here are links to both those articles, each of which have more links to drill down to the information.

http://www.mercurynews.com/ci_9167620?IADID=Search-www.mercurynews.com-www.mercurynews.com

http://realtytimes.com/rtpages/20080428_wildwildwest.htm

If we look at the area in question and check on year to date statistics then there are areas where we have seen prices drop, there have been foreclosures and many “short sales” BUT there are also many areas which have seen significant gain in value over the year.
If you are interested in your own property or one you are considering buying, feel free to call me about the statistics for the neighborhood.