San Jose Real Estate * REALTOR ® * Richard Gonzalez » Median http://Siliconvalleybrokerblog.com Living in the Silicon Valley - News, Views, and Statistics Wed, 21 Sep 2011 01:35:37 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Silicon Valley Median Prices Rise by 11 Percent in July http://Siliconvalleybrokerblog.com/2009/08/28/silicon-valley-median-prices-rise-by-11-percent-in-july/ http://Siliconvalleybrokerblog.com/2009/08/28/silicon-valley-median-prices-rise-by-11-percent-in-july/#comments Fri, 28 Aug 2009 21:00:38 +0000 Richard Gonzalez /?p=416 Sue McAllister from the San Jose Mercury writes about the July data indicating a surge in median home prices.

Yet another media outlet continuing to share the good news that the San Jose Silicon Valley market is doing reasonably well.

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New home sales increased from June to July nationwide, but that gain didn’t extend to California and the Bay Area where the expiration of a state tax credit for new home purchases is being attributed for a drop in sales.

A Commerce Department report released Wednesday showed that sales nationwide surged 9.6 percent in July, rising for the fourth-straight month and beating expectations as the housing market marches steadily back from its historic downturn.

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