Silicon Valley Real Estate Market August 2025 Market Snapshot The latest job numbers came in weaker than expected, with much lower new job creation. Combined with the impacts of tariffs, stock market fluctuations, and softer consumer confidence, mortgage rates have dipped over the past couple of weeks. This has sparked a noticeable increase in refinancing activity. The next Federal Reserve meeting is set for mid-September. While a Fed rate cut doesn’t directly cause mortgage rates to drop, many analysts expect cuts to come soon, which could influence market sentiment. Tax and Estate Planning Seminar — You’re Invited !! In September, I’ll be hosting the first in a series of educational seminars with tax and estate planning professionals. They’ll share practical strategies to help you plan ahead, also share how the “Big Beautiful Bills” — may affect you and your loved ones. To reserve your spot, please email Christine.Leyros@compass.com you’ll be added to the list. Real Estate Spotlight: San Francisco After a prolonged slowdown, San Francisco’s housing market is showing renewed energy. The new mayor’s efforts to clean up the streets and attract businesses appear to be having an effect — single-family homes are selling quickly and way over asking prices. However, the condo market remains challenging. Issues tied to SB326, master insurance coverage, and buyers backing out are impacting sales — not only in San Francisco but in markets nationwide. Financing Corner => Loan Programs for Stockholders Some buyers may benefit from loan programs that allow them to retain their stock holdings instead of selling them. In these cases, the stocks are transferred to another entity, enabling continued appreciation while still providing liquidity for a home purchase. => SALT (State And Local Tax) Deduction Updates * Current Cap (through 2024): $10,000 for single/joint filers; $5,000 for married filing separately. * Starting 2025: Scheduled increase to $40,000 for most taxpayers, $20,000 for married filing separately. The increase will be reduced for higher earners. * Looking Ahead: The SALT cap is set to expire after 2029 unless Congress extends it. Resources Available If you have any questions or need real estate resources nation wide, I am happy to help. Please feel free to reach out. Our goal is to bring genuine care, outstanding real estate services, and significant value, in order to positively impact our communities and clients.   Below are mortgage rates since 2023, and stats for the last 24 months in Santa Clara and San Mateo counties. Stats in other areas are available upon request.

Santa Clara County

Last 24 months

San Mateo County

Last 24 Months