In this December 2021 Market Watch edition, we walk you through why the financial limits home buyers can now access are turning up the heat on 3 Southbay neighborhoods, taking them from up and coming to just plain hot and they should be on your radar.


The new conforming loan limit for all neighborhoods in Santa Clara County is $970,800. Home values have increased over the last few years and raising the loan limits allows more people to qualify for the best available mortgage rates. The Federal Housing Finance Agency (FHFA) updates their conforming loan limits every year. A conforming loan is a mortgage loan that is federally insured and “conforms” to the underwriting standards of government entities, Fannie Mae or Freddie Mac. This is precisely why the downtown San Jose, the Burbank and the outskirts of Willow Glen which are already hot, are beginning to explode as areas to buy and sell your home. If you want to search to see what's hot in specific neighborhoods, our Neighborhood search tool is where you should start.


And if by chance, you're interested in the Santa Cruz market, here are the latest listings and our new Santa Cruz County Market Watch episode.


In the meantime, be sure to check out our library of resources including our READY TO STAY & SELL programs allowing 0% financing for 12 months to fix up bathrooms, your roof, landscaping and so much more PLUS our Mortgage & Home Value Calculators will help you crunch your numbers.


Lastly, be sure to sign up for our e-newsletter (near top portion of our homepage) so you don't miss any of the trends, news and market updates impacting your area.


Thank you for letting us be your real estate resource!


-Erick Fernandez