Right here in Silicon Valley, the innovation capital of the world, thousands of foster youth are falling through the cracks. 75% of foster youth in Santa Clara County are performing below grade level, and 47% receive special education services — compared with 12% of the general population. Meanwhile, foster youth supported by Pivotal graduate from college at 10x the national average.
Do these numbers convince you to give?
Our housing market — and the greater economy — remain in a period of adjustment, making buyers and sellers more cautious as they wait to see how the dust will settle. One key indicator of this adjustment is the percentage of homes selling below their list price, which you can track in the chart below.
It was more of the same on the San Mateo County real estate market in October. Sales continue to dip year over year – down 39% for houses and nearly 50% for condos – and homes are spending much more time on the market than they were at the same time in 2021. Interestingly, median condo sales prices are up 12% from last year, but houses are selling for 5% less.
Ever get tired of slow loading speeds? Some residents in Los Altos Hills did, so they built their own fiber network that they say is 125 times faster than the median download speed in Santa Clara County. The Merc has the story.
As we move into late autumn, we’re still seeing steep increases in home and condo inventory and the number of days properties are spending on the market across all price ranges in Santa Clara County. The numbers remain well below industry averages during normal times, but these are not normal times!
