Silicon Valley home values drop 3.3% in November, most in the nation - Silicon Valley Business Journal

House values in the San Jose metro area fell faster than in any other major urban region in the country last month, according to a new report.

"We're seeing the markets that are either the most expensive or those that grew the fastest during the pandemic slowing the most right now," he said. The San Jose metro area was one of just three among the top 50 nationwide where home values were down, or flat, in November compared with the same month last year. Home values in the region were up just 0.7% over that period, topping only Austin, which saw no growth, and San Francisco, which saw values fall 1.1%.

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