San Jose Real Estate

By: EconomyWatch   Date: 23 November 2010

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The San Jose Real Estate begun to develop since the 1960s through the 1990s when the city got a complete makeover from a small farming town. San Jose, ranked tenth in the US in terms of population and known as the "Capital of Silicon Valley" is located near the center of western California. The city, originally known as the El Pueblo de San José de Guadalupe was established during the later half of the year 1777, served as the first capital of the state of California when it was incorporated in 1850.

The population residing in the city of San Jose has well over three peole living per household. And much more than half of the total number of households contained married couples, amongst whom most were with children below the age of eighteen

The city is home to people who have the highest per capita income which is nearly double the national average of household income in the U.S. Therefore, it is evident that the financial aspect which is necessary for purchasing new or used property from the Real Estate market is not much of a problem for most of the people who are the potential consumers of the properties up for sale in the San Jose Real Estate market. However, nearly all homes (well over a very high 80 percent) are with mortgages.

The largest section of the population of San Jose (well over 35 percent) are aged between 25 and 44, while those aged between 45 and 64 form a distant second major section. Therefore, these sections of the population of San Jose, who are mainly earning, number well over half of the entire population of San Jose. These statistical facts are behind the thriving San Jose Real Estate market scenario, and the financial well being of the people who are the potential consumers of the San Jose Real Estate market are mainly those who come here for employment or the fresh graduates who move out of homes after being employed.



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