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Week of Oct. 4th-Silicon Valley Employers’ New Development: Housing

October 4, 2015

The housing shortage in Silicon Valley has employers like Google, LinkedIn, and Facebook paying attention. The tech giants have all dipped their toes into residential development—some with a focus on serving low- and moderate-income workers. While Santa Clara and San Mateo counties have been adding jobs and population at a rapid clip, new housing starts have not kept pace. As a result, the average rent is now above $2,000 per month and the median home price of $757,585 is nearly twice the median price for the state—and approaching that seen during the area’s housing bubble peak, according to Silicon Valley Indicators.  Read the rest of the article.

 



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