News Formal

Silicon Valley Apartment Market Becoming Super Competitive: Report

  • 📰 nbcbayarea
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Bay Area apartments are getting harder to find and as tech workers come back to the office.

"South San Francisco, Mountain View, and Santa Clara,” said Crystal Chen of Zumper.

Those cities, according to Zumper, are home to a variety of tech companies that want to see employees back in the office, and therefore, living nearby. "The big tech giants, Apple, Google, Intel, a lot of those companies have return to work policies so people are migrating back to those, and driving rent up,” said Chen.

Another factor keeping the rental market competitive is the continued slowdown in the housing market. High prices combined with high mortgage rates mean there's not much inventory for those trying to buy a house.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 596. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

In what reality are you conscious in? LOL!

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Court orders South Bay construction company to stop dumping hazardous waste in Almaden ValleyThe Santa Clara County Superior Court has ordered a local construction company to stop dumping hazardous waste on protected agricultural land, following a lawsuit against the company late last mont…
Source: mercnews - 🏆 88. / 68 Read more »