Real Estate For Sale In Sunnyvale

Price Appreciation vs DOM

Although home buyers and home sellers should know days on market in order to make decisions, DOM is not a good way to predict house price appreciation. House price appreciation in Sunnyvale has...

Homebuying pace plunges …

We've all seen reports about the low number of home sales and the high cost of a home. This is true for Sunnyvale real estate. On Sept 21, 2023, the San Jose Mercury News published an article about...

1031 Exchange – 45 Days, 180 Days

A 1031 exchange enables you to defer paying income taxes on your investment property's appreciation when you sell it if you invest all of the investment into a like-kind property. The most worrisome...

Will YIMBY Create Increased Condo Demand?

A recent look at YIMBY vs NIMBY said that a person's attitude about high-density housing was strongly affected by how urban centers were widely viewed when that person was about 18. Boomers were about 18 years old at a time when urban centers had numerous problems reported. When other generations were 18, urban life was viewed as having more activities, parties, and nightlife. Other generations were 18 when suburbs were claimed to be resource-wasteful and caused excessive ecological damage.

Currently Sunnyvale house prices are growing faster than Sunnyvale condo prices. This could be due to a different proportion of renters vs owners for condos vs. houses. It could be due to houses typically being larger than condos.

It should be noted that increased mortgage interest rates have increased the cost of buying a condo. Flat prices do not mean demand is falling.

Will the attitudes of new generations drive the demand for condos and thus their prices up? More discussion is posted at https://julianalee.com/blog/nimby-yimby-condo-demand/