Hot Market: The Way to San Jose Looks Bright

San Jose, California, is on its way to a brighter economic picture, according to the city's latest Economic Center Report. Job growth rose through 2007 and commercial real estate vacancy has dropped by nearly a third, creating opportunity for those selling and buying in the nation's 10th largest city.

The average price of a home in the San Jose area, which includes Sunnyvale and Santa Clara, stands at $852,000. That figure is up more than 9 percent from the same reporting period last year and up 22 percent since 2004.

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