Governor Of California In Trouble After San Jose Housing Market Collapses Realtime!

The housing crisis in California has reached a breaking point — and critics are pointing fingers at Governor Gavin Newsom. In this explosive video, we break down the real data behind San Jose’s cooling real estate market, swelling inventory, declining building permits, and the political fallout sweeping Sacramento.

• Home sales are slowing and inventory is rising, signaling a shift away from the once-red-hot market — buyers now have more choice, and selling pressure is mounting.

• New data shows San Jose’s metro area experienced the largest decline in home building permits nationwide, with a 68% drop over five years — evidence of a market that’s stalling.

📌 Key Points Covered in This Video
🔹 San Jose Leads U.S. in Declining Home Building Permits: The San Jose–Sunnyvale–Santa Clara metro area saw a 68% drop in home building permits from 2020 to 2025, the sharpest decline among major U.S. metro regions, signaling a stall in housing supply growth.

🔹 Multifamily Permits Slumping: Data shows multifamily housing permits in the region down roughly 41% year-over-year — an indicator that new rental housing production is collapsing while demand remains high.

🔹 Statewide Housing Production Also Weak: California housing permits dropped to their lowest levels since 2014, pointing to a broader slowdown in residential construction across the state.

🔹 Housing Affordability Crisis Persists: Despite policy efforts, Californians still face rapidly rising home costs and affordability barriers — with starter home payments climbing dramatically over the past five years.

📚 Sources:
• San Jose Metro area records largest drop in home building permits (68% decline).
• Multifamily housing permits in the Bay Area plunged year-over-year.
• California housing permits now at lowest levels since 2014, slowing construction.
• State study shows homeownership is less affordable now than before.