San Jose Real Estate News
San Jose
California Home Sales Hit 7 Month Low in August, Despite Lower Rates
New data from the California Association of Realtors shows that California's statewide home sales hit a seven-month low in August 2024, as buyers paused despite mortgage rates reaching their lowest point since spring 2024.
Home Sales in America Downtick Further in August
In August 2024, existing-home sales dropped, according to the National Association of Realtors (NAR) latest data. Three out of four major U.S. regions experienced declines, while the Midwest remained unchanged. Compared to the previous year, sales fell in three regions but held steady in the Northeast.
Future Homebuyers Sitting on Sidelines Until After U.S. Presidential Election
According to national property broker Redfin, the typical monthly housing payment for a U.S. homebuyer was $2,671 during the four weeks ending July 21, 2024, marking the lowest level in four months.
U.S. Commercial Mortgage Debt Hits $4.7 Trillion in Q2 as Delinquencies Increase
According to the latest Commercial Delinquency Report from the Mortgage Bankers Association (MBA), U.S. commercial mortgage delinquencies rose in the second quarter of 2024.
