A glimpse of San Jose
San Jose is a large city surrounded by rolling hills in Silicon Valley, a major technology hub in California's Bay Area. San Jose, although a suburb is bigger than San Francisco, and has 4 distinct areas, North, South, East and West San Jose.
It also sports its fair share of healthy retail, transportation, and tourism industries and is the primary center for real estate and industrial development in the area. Also, in a ranking of America's safest cities in 2011, San Jose came in at number six.
Blessed with a great weather all year around, San Jose is a few hours from the ocean, the mountains and the snow.
Birth of the Silicon Valley--The Tech Giant(s)
Silicon Valley was born when several contributing factors intersected, including a skilled STEM research base housed in area universities, plentiful venture capital, and steady U.S. Department of Defense spending. Stanford University leadership was especially important in the valley's early development. Together these elements formed the basis of its growth and success
It is home to many of the world's largest high-tech corporations and thousands of startup companies. Geographically, it encompasses all of the Santa Clara Valley, the southern half of the San Francisco Peninsula, and southern portions of the East Bay. It includes parts or most of Santa Clara County, San Mateo County, and Alameda County.
San Jose-- Market trends
San Jose, the home of eBay, Cisco and Adobe, has asserted its dominance throughout the real estate industry for the better part of a decade. It remains one of the hottest markets in the most expensive state. For the moment, there is little to suggest that the San Jose real estate marketwill change directions.
Few markets across the country are as hot as the San Jose real estate market is at the moment. Prices in the area continue to rise at an unprecedented pace, making San Jose one of the most expensive areas in California – as well as the country.
For everything that San Jose has going for it, the housing market remains one of the most unaffordable to live and/or rent in. In fact, San Jose residents dedicate nearly twice as much of their monthly income to mortgage payments than the average household in the rest of the country
Trulia recognizes the following neighborhoods as the most popular in the San Jose:
- Central San Jose
- Willow Glen
- South San Jose