Thursday, May 16, 2024

Santa Clara County population has stabilized

While real estate prices are falling all around the country, you have to wonder why prices are still super high in the heart of Silicon Valley if the population is dropping. The answer is simple, the population is no longer dropping. The exodus appears to be over with Santa Clara County gaining a small number of people overall and San Jose having a drop of only 1,281 people... a fraction of what happened during the pandemic.

Next year, we could be headed back to growth with substantial new housing projects opening up and plenty of capacity for large businesses to come to San Jose.

Source: usdmedia from Skyscraper City, State of California Department of Finance

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