San Jose
Real Estate News

California Home Prices Break Another Record in July

California Home Prices Break Another Record in July

California's housing market continued to recover as home sales climbed to their highest level in more than two and a half years in July 2020, while setting another record-high median home price. Read More »


U.S., Canadian Data Center Sectors Remain Resilient in 2020, Despite COVID

U.S., Canadian Data Center Sectors Remain Resilient in 2020, Despite COVID

The North American data center sector was resilient in the first half of 2020 as many businesses implemented hybrid IT infrastructure to improve their remote work capabilities. Read More »

U.S. Luxury Housing Market Enjoys Price Rebound, Despite Coronavirus

U.S. Luxury Housing Market Enjoys Price Rebound, Despite Coronavirus

According to a new report from Redfin, the median sale price for luxury homes in the U.S. rose 1.2% year over year to $825,000 during the three months ending July 31, 2020. Read More »

Missed Residential Rents Balloon in U.S. as Government Aid Soon Expires

Missed Residential Rents Balloon in U.S. as Government Aid Soon Expires

Boosted government unemployment aid has expired, meaning those numbers are likely to rise even further in coming months. Read More »


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Global Property Spotlight

Golfito Marina Village & Resort - (Costa Rica)

Golfito Marina Village & Resort - (Costa Rica)

Costa Rica's Newest Luxury Superyacht Destination Now Under Construction Read More »

Last Updated September 4, 2020 8:00 AM ET

San Jose Property News

The total number of loans now in forbearance increased from 8.36% of servicers' portfolio volume in the prior week to 8.46% as of May 24, 2020. According to MBA's estimate, just over 4.2 million homeowners are now in forbearance plans.

Home rental prices slowed more than they had in at least five years when the coronavirus pandemic hit. But the for-sale market continues to heat up after a slower early April.

Property broker Redfin is reporting this week that the number of newly built homes on the market fell just 10.5% year over year in April, the smallest decline in 2020 to date.

Based on CBRE's latest U.S. Data Center Trends Report, driven by demand from large enterprise and cloud users, U.S. data center leasing and construction completions reached record levels in 2019.

14.5 million residential properties in the United States were considered equity-rich. Highest Equity Levels Remain in San Francisco Bay Area in Q4, 2019.

The National Association of Home Builders' latest 55+ Housing Market Index is reporting this week that U.S. builder confidence in the single-family 55+ housing market dropped four points to 68 in the fourth quarter of 2019.

According to a new regional Silicon Valley office and R&D market report by Cushman & Wakefield, there was contrasting statistics among the two sectors in 2019.

According to the California Association of Realtors, amid the most favorable mortgage interest rates in nearly three years, California's housing market recorded a third consecutive year-over-year sales increase as month-over-month sales remained essentially flat.

According to the National Association of Realtors' newly released 2019 U.S. Vacation Home Counties Report, increased financial wealth and low mortgage rates boosted the demand for and price of vacation homes.

According to new research by commercial real estate consultant Cushman & Wakefield, tech activity is still driving Silicon Valley's commercial property markets, as the region remains one of the top U.S. markets in 2019.

According to the California Association of Realtors, after rebounding in May, California home sales fell below the benchmark 400,000 level in June 2019 as sales declined from both the previous month and year.

After last week's two significant 6.4 and 7.1 earthquakes in Southern California, people are being reminded of the significant damage that earthquakes can cause the State's housing industry.

According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes fell 6.7 percent to a seasonally adjusted annual rate of 673,000 units in April 2019 after a sharp upwardly revised March 2019 report.

Total U.S. housing starts rose 5.7 percent in April 2019 to a seasonally adjusted annual rate of 1.24 million units from an upwardly revised reading in March 2019.

According to Cushman & Wakefield's latest Silicon Valley's Office and R&D sector report, Silicon Valley's tech space is off to a sluggish start in 2019, after having combined for a robust 2.85 million square feet (msf) of occupancy growth in 2018 -- largely stemming from the office sector.

A total of 161,875 U.S. properties with a foreclosure filing during the first quarter of 2019, down 23 percent from the previous quarter and down 15 percent from a year ago to the lowest level since Q1 2008.

According to the latest National Association of Home Builders/Wells Fargo Housing Market Index, U.S. builder confidence in the market for newly-built single-family homes held steady at 62 in March 2019.

Zillow is reporting this week that a limited U.S. housing inventory and rapid price appreciation have kept sellers firmly in the driver's seat for several years as the United States recovered from the housing market collapse in 2008.


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