There has been talk that after several years of having been on the rise, real estate price hikes in Silicon Valley may actually stall. We are talking MANSIONS (for Palo Alto, for instance, a regular home would cost you over 2 million dollars, and a mansion could be considered anything over 5 million). The reason for the slow down is overall stall in global financial markets including China. It is fair to say that anyone remotely familiar with real estate these days is aware that a lot of Chinese cash has been coming into Bay Area in form of real estate investments. It does not mean that there will be another crash tomorrow (knock on wood!!!). What it means is that the prices have gone up SO HIGH, that it is just too expensive to go any further.
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Steve Mast, Owner/Broker CA BRE # 00648524
3116-B Del Monte Blvd
Marina, CA 93933