San Jose Real Estate News
San Jose
U.S. Commercial, Multifamily Mortgage Delinquency Rates Uptick in Q4
According to the Mortgage Bankers Association's latest Commercial Delinquency Report, U.S. commercial mortgage delinquencies increased in the fourth quarter of 2023.
NAR Agrees to Landmark $418 Million Settlement, Altering Commission Payments Forever
Based on a press release March 15, 2024, the National Association of Realtors reached an agreement that would end litigation of claims brought on behalf of home sellers related to broker commissions.
Exploding AI Growth Driving Up Data Center Use and Asset Prices in U.S.
According to CBRE's latest North American Data Center Trend Report, North American data center pricing approached record levels in 2023, influenced both by strong demand and power constraints that limit how much new capacity can be brought online.
Nonresidential Construction Spending in the U.S. Falls Sharply in January
According to the Associated Builders and Contractors analysis of data by the U.S. Census Bureau, national nonresidential construction spending decreased 0.4% in January 2024. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.190 trillion.
