San Jose Real Estate News
San Jose
Consumer 2022 Holiday Spending to Uptick 6.9 Percent in the U.S.
According to CBRE's annual Holiday Retail Trends Guide, U.S. retailers have applied lessons learned from the past two years of pandemic-influenced shopping patterns to position their stores and e-commerce operations for this year's holiday season.
Pending Home Sales in U.S. Post Historic Drop in October
According to national property broker Redfin, pending U.S. home sales fell the most on record in October 2022, while deal cancellations and price cuts hit record highs.
U.S. Home Sales Decline for 9 Consecutive Months in October
According to the National Association of Realtors, existing-home sales retreated for the ninth straight month in October 2022. All four major U.S. regions registered month-over-month and year-over-year declines.
Independent Mortgage Banks in U.S. Lost $624 on Each Loan Originated in Q3
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net loss of $624 on each loan they originated in the third quarter of 2022, down from a reported loss of $82 per loan in the second quarter of 2022.
