Recession Does Not Equal Housing Crisis

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Economists are predicting that we may be going into a recession because of the COVID-19 aka CoronaVirus which has become a global pandemic.

However that does not relate that the real estate market will go into a recession as well. The good news is that home values have increased in the 3 of the 5 recessions as you can see from the graph.

Here are a few reasons why this may be important for the Bay Area real estate market:

  1. We still have a shortage of homes in the Santa Clara County.
  2. There will be a pent up demand because of the shelter in place and once that has been lifted in San Jose and surrounding cities.
  3. Interest rates are at historic lows which will increase buying power.
  4. Silicon Valley is still one of the best places to buy or sell real estate because of the future growth potential for investors compared to other parts of the United States.
  5. Silicon Valley real estate is always and will be a safe bet for long term potential growth and not as volatile and risky compared to the stock market.

Gina Arigna and Amit Singh have been helping Santa Clara, Alameda and San Mateo County residents purchase and sell residential real estate for the past 15 years. They currently work at Keller Williams Silicon City which is located in San Jose,Ca. They have helped many buyers realize their dream of homeownership by offering expert market knowledge, complimentary market snapshot, access to Keller Williams connections, expert negotiation and offer presentation, agent availability, responsiveness and post home purchasing assistance to name a few. They have helped many sellers sell their home for top dollar, in a short period of time with the least hassle because of their complimentary and cutting edge marketing strategies.

If you have any questions regarding the San Jose or Santa Clara County real estate market, please reach out to Gina Arigna (408.858.6679) or Amit Singh (650.521.2320) or visit www.arignahomes.com

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Arigna Team

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