RedfinFew real estate markets in the U.S. have soared higher over the past few years than Silicon Valley, the collection affluent towns in Northern California that are home to some of the world’s top tech firms. In the East Bay - home to Netflix and Pandora - the median rose 3.1 percent to $732,000 in Alameda County and 6.5 percent to $575,000 in Contra Costa County. However, they dipped 5.0 percent in Contra Costa County, 3.4 percent in Santa Clara County and 4.1 percent in San Mateo County. "Low inventory continues to foster a pressure cooker environment in which prices edge higher," said Andrew LePage, research analyst with CoreLogic. “The drop in affordability over the past year is worse than the rise in home prices suggests.”

Source: Forbes June 22, 2017 21:00 UTC