The job market is hot creating demand for newer homes in the region | New homes for sale in Milpitas

Welcome to our weekly video update. The media reports a decline in value in the local real estate market (numbers in the video), but a deeper decline is expected. Reports show that 21 of 37 homes currently listed are pending sales. That's good news because 1 out of 2 homes is selling. Interest rates are one reason, and the low unemployment level is another. The job market is hot, creating demand for newer homes in the region.