High Vacancy Rates In Silicon Valley?
Not for houses to be sure, but one of the highest vacancy rates for industrial space in the nation is in "the heart of the Silicon Valley". "For example, San Jose, Calif...has a 16.8% vacancy rate in the Integra survey and a 16.4% vacancy rate in the Colliers survey."
I present this statistic to suggest that booming housing markets may not be justified by the economic fundamentals. The vacancy rate is much higher than the national average of 9.5% to 10%. Milwaukee Journal Sentinel.