Monday Market Update: Silicon Valley Dominates Value Gains In Last 50 Years

The only two cities with 300-400% value increases are San Jose & San Francisco.

In the last 50 years, virtually everything has changed from fashion to technology to housing. And the place where home values have increased the most will not surprise you – that’s right, it’s Silicon Valley!

Just a few days ago, Realtor.com® released an analysis of 50 years of housing data from the Federal Housing Finance Agency (FHFA). Here are the top 5 trends:

#1: Home values have risen across all 50 of the nation’s largest metros from 1975 to 2024.

#2: How much values have risen in these metros varies greatly; coastal cities typically saw inflation-adjusted triple-digit increases while most Rust Belt metros experienced single digit gains.

#3: The West Coast market gains have been driven by technology (most recently AI which is believed to be the driving force of the San Jose median home price surpassing $2 million). East Coast market gains have been attributed to the financial services sector and its modernization. Struggling metros such as Memphis, Cleveland and Birmingham are typically areas formerly dominated by factories who have not transformed into high-tech powerhouses.

#4: Half of the top 10 metros that experienced the biggest home value increases since 1975 were in California.

#5: San Jose and San Francisco demonstrated the largest percentage increase in property gains from 1975-2024, at 396% and 300% increases respectively.

We encourage you to read the article in full HERE for a deeper dive into regional differences, coastal gains and median price differences across time and country!

Have a great week,

Bobbi

Bobbi Decker
DRE#00607999

Broker Associate, Bobbi Decker & Associates
650.346.5352 cell
650.577.3127 efax
www.bobbidecker.com
NAR Instructor….“Designations Create Distinctions”
CIPS, SRS, ABR, CRS, SRES, GRI, CLHMS, REI, AHWD, RSPS, MSLG

Bobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/