SAN JOSE — A real estate company has scuttled a proposal to build a big office building at a prime San Jose site and has now pivoted to a plan for housing — even as it seeks to sell the property. The flurry of activity, along with the switch to housing, is a reminder of […]
Rate-Cut Mania died, mortgage rates re-jumped to 7.5% today, but here’s what home prices did during Rate-Cut Mania. By Wolf Richter for WOLF STREET. The brief and now bygone era of Rate-Cut Mania. Today’s S&P CoreLogic Case-Shiller Home Price Index, dubbed “February,” is a three-month moving average of home prices whose sales were entered into public records in December, […]
The spring housing market may be off to a rocky start, but that doesn’t mean buyers can take it easy if they hope to succeed in purchasing a home. While homes nationwide spent a median of 50 days on the market in March, they’re selling in less than half of that time in certain places, […]
San Francisco, once the crown jewel of the West Coast, is now teetering on the brink of collapse — and it seems like nobody is sounding the alarm. The city’s housing market, in particular, has been hit hard over the past year, with prices plummeting and homeowners fleeing in droves. JPMorgan Chase CEO Jamie Dimon […]
The stubborn mismatch of life sciences lab space — a growing glut of supply and moderation of demand — hasn’t shown signs of any correction thus far in 2024. Early analysis and data suggest that despite positive market signs and financial activity, including increased Big Pharma merger activity, the runaway success of anti-obesity drugs and a thawing of the initial […]