San Jose Real Estate News
San Jose
Tech, AI Industries Drive Largest Share of Office Leasing Activity in U.S.
CBRE's latest Tech-30 report shows that the tech industry boosted its share of U.S. office leasing to 18% in the first three quarters of this year, partly fueled by companies involved in artificial intelligence (AI).
Mortgage Applications in U.S. Dip in Late October
According to the Mortgage Bankers Association's latest Weekly Applications Survey for the week ending October 25, 2024, U.S. mortgage applications decreased 0.1 percent from one week earlier.
California Realtors Predicting a Rosier 2025 for Local Home Sales
The California Association of Realtors (C.A.R.) has recently released its 2025 housing and economic forecast, predicting a more favorable interest rate environment that will ease the current "lock-in" effect, leading to improved housing inventory.
Number of U.S. Home Sales Hit 30 Year Low in 2024
According to a recent Redfin report, only 25 out of every 1,000 U.S. homes changed ownership in the first eight months of 2024, marking the lowest housing turnover rate in 30 years.
