This study shows San Jose, CA as the 4th of 10 top real estate areas in the US where home values continue to increase.
Likewise, the South County communities, who supply much of the employment for the San Jose area, have been experiencing the same appreciation. Morgan Hill, Gilroy and Hollister’s home values have all risen proportionate to that of #4 in the nation, San Jose.
So, is this another inflating bubble? Will we see another bubble burst? What if the interest rates keep going up will that slow down the appreciation? What if the bank’s bulging inventory of foreclosed homes came onto the market at a faster pace than the trickle of token homes we have seen over the last 14 months?
What do you think?