Author bio section

I am the author of this blog and also a top-producing Loan Officer and CEO of InstaMortgage Inc, the fastest-growing mortgage company in America. All the advice is based on my experience of helping thousands of homebuyers and homeowners. We are a mortgage company and will help you with all your mortgage needs. Unlike lead generation websites, we do not sell your information to multiple lenders or third-party companies.

san-jose-city-logoI recently read an article on Yahoo! Real Estate talking about 5 cities that are ripe for a Real Estate rebound in 2012. The list was compiled by I wasn’t surprised to see San Jose, CA making the list. Jump in New Home Construction, Better Employment and increase in migration is going to contribute to this rebound. San Jose Real Estate Market Report shows the city sold more homes in 2011 compared to 2010 even with a very low level of inventory – a stats not many city can boast of.

This is what Forbes had to say about the report:

The Golden State has gotten a lot of attention for its economic woes, but San Jose is a veritable oasis of prosperity. Employment in the capital of Silicon Valley is expected to expand 3.3% this year and it logged net in-migration in 2010 of 4,840 people. Job and population growth are fueling housing demand: New home construction in the area was up a whopping 97% in 2011 third quarter compared with the year earlier.

All of the cities that made our list share one common factor: a relatively strong job market. For real estate to do well you want to see two things: that incomes are growing rapidly like they are in a market like San Jose and that the growth in jobs attracts other people to that market, says Ingo Winzer, founder and president of Local Market Monitor. However, job growth should be looked at as a bullish housing indicator only if the unemployment rate is already relatively low that suggests local companies are creating new jobs rather than rehiring for positions they cut during the recession.

Other Cities Included

  • Boston, MA
  • Houston, TX
  • Pittsburg, PA
  • New Orleans, LA

If you are considering to buy in the San Jose Metropolitan area or the rest of California, I can help you get a free pre-approval. Apply Online or email me at [email protected].

Related Posts

  • 72
    Unlike the real lottery, hitting the rental property jackpot requires experience, knowledge, and skill. You need to know exactly what to look for and where to look for it. Without both of these factors you can easily find yourself buying a rental property sinkhole. We've put together a collection of…
    Tags: market, real, factors, help, stats, estate, trends
  • 66
    There is an interesting insight into the homes on the market in the South Bay area. For the Santa Clara County, between the years 2014 and 2018, 90 out of 100 homes on the market in April and first half of May got sold. Compare this to 2019, when for…
    Tags: area, market, homes, san, inventory, sold, jose, year, demand, housing
  • 66
    San Jose Single Family Real Estate Market Report Median Price, Average Price and number of Sales - All went up in March compared to February 2011. However all three numbers were down from March 2010. Days on market (the time it takes for a home to sell after it's listed…
    Tags: market, real, estate, san, jose, report, compared, trends
  • 65
    San Jose Real Estate Single Family Market Report Both Median and Average Price went up for San Jose Single Family Market in October 2011 compared to September. But still remained lower compared to last year. However, number of sales was much higher than same month last year. The table below…
    Tags: san, jose, real, estate, market, report, compared, year, trends
  • 65
    Both the Median Price and Home Sales for Single Family houses were up in San Jose, CA real estate market in April, 2011 compared to previous month. However, on a year over year comparison both the values were slightly down. See the full report below. San Jose Condominium Market Report:…
    Tags: real, estate, market, san, jose, report, compared, year, local, trends