San Jose Real Estate News
San Jose
Nonresidential Construction Spending Falls 0.5 Percent in the U.S.
According to the Associated Builders and Contractors trade association's analysis of data published by the U.S. Census Bureau, national nonresidential construction spending was down by 0.5% in June 2022.
California Home Sales Slide 20 Percent Annually in June
According to the California Association of Realtors, sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 344,970 in June 2022.
Pending Home Sales in America Fall 8.6 Percent in June
According to the National Association of Realtors, pending home sales decreased in June 2022, following a slight increase in May 2022. All four major regions posted month-over-month and year-over-year pullbacks, the largest of which occurred in the West.
Mortgage Application Payments Hold Steady in June, Despite Higher Rates
According to the Mortgage Bankers Association's Purchase Applications Payment Index, U.S. homebuyer affordability was mostly unchanged in June 2022, with the national median payment applied for by applicants down slightly to $1,893 from $1,897 in May 2022.
