San Jose
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In Some Markets, Saving and Breaking Even on a Home Purchase Can Take a Buyer Into Their Retirement Years
Key findings: Nationally, a typical household needs 8.5 years to save for a down payment and an additional 6.2 to break even on the purchase relative to renting, according to a new analysis by Zillow. In San Jose, the combined timeline is almost 50 years. In Memphis, it’s about 11 years. Targeting a starter home…
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Housing Supply Hits 6-Year High As New Listings Jump, Giving Buyers Bargaining Power
U.S. new listings hit their highest level since 2022 in August, driven by San Jose, Nashville and Seattle. The total number of homes for sale hit their highest level since 2020. On the demand side, sales were essentially flat month over month. The rise in supply combined with stalled demand gives the buyers who are…
