Tag Archives: San Jose

More and more homes are languishing on the market

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In August, nearly half of all U.S. homes had been on the market for 60 days or more, according to Redfin. Days on market has ticked up as high rates have slowed sales. Continue reading →

How much is a typical luxury home? $750K in Buffalo, $5.3M in Cali

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For about the last four years, home price growth in the overall market outpaced growth in the luxury sector every month. But since January 2024, that trend has reversed, Zillow reported. Continue reading →

Buyers need an income that starts with a 3 to live in this pricey city

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Homebuyers need to earn an income of more than $150,000 to afford homes in 14 out of the 50 biggest metro areas as of April, according to Realtor.com. But in San Jose, buyers must earn at least $361,000. Continue reading →

Bay Area rail workers allegedly built secret apartments in train stations

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Two railway workers in the Bay Area are facing felony charges for allegedly building secret apartments in two train stations. Continue reading →

Rent is now more affordable than buying in every major US market

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Austin and Seattle were the friendliest cities for renters as the monthly mortgage payment on a starter home in each of the top 50 cities soared above the average rent by more than $1,000. Continue reading →

The seller’s market is roaring back as buyers vie for limited inventory

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A “drought” of new listings is driving up prices, reversing the sluggishness of late 2022 and forcing buyers to compete fiercely for homes, according to a new analysis from Zillow. Continue reading →

‘Great Reshuffling’ winds down as COVID hotspots and tech hubs cool

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Cities in the West that saw prices soar during the pandemic are now cooling while metros in the Northeast and Midwest are showing more resilience, according to a new analysis. Continue reading →

Housing inventory shoots up as homes sit longer on the market

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A new report from Realtor.com shows that homes were sitting on the market for an average of 67 days in February, up from just 44 last year at the same time. Continue reading →

Redfin economist: ‘We’re going to have pain’ while high inflation lasts

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Daryl Fairweather also said during her Yahoo Finance appearance that “demand is very weak” as both homebuyers and sellers take a breather from the housing market. Continue reading →

Luxury home sales plunge to 10-year low, surpassing COVID levels

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Luxury home sales in the U.S. dove by 28.1 percent year over year during the three months ending Aug. 31, 2022 — eclipsing the 23.2 percent drop in luxury sales at the height of the pandemic — Redfin data shows. Continue reading →