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☆ Israel's airstrikes and incursion against Hezbollah show limits in US ability to influence Netanyahu, foreign policy experts say
▼ + stars: | 2024-10-01 | by ( Lloyd Lee | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

Israel launched a "limited" ground offensive in Lebanon after killing a top Hezbollah leader in airstrikes. Foreign policy experts said Israeli Prime Minister Benjamin Netanyahu and the US don't see each other as reliable partners. The ground offensive came after a series of airstrikes on September 27 that killed Hezbollah's longtime chief, Hassan Nasrallah, a major victory for Israeli Prime Minister Benjamin Netanyahu. AdvertisementHe added that the prime minister may also consider the US an unreliable partner. AdvertisementRepresentatives for the State Department and the Israeli prime minister's office did not respond to requests for comment from Business Insider.

Persons: Israel, Benjamin Netanyahu, —, Hezbollah's, Hassan Nasrallah, Netanyahu, Israel's, Chuck Freilich, Barack Obama's, Benjamin Radd, Joe Biden's, Radd, Donald Trump, Biden weren't, Sean McFate, Bibi, McFate, Nasrallah, Biden Organizations: Service, Israel Defense Forces, Israeli, Hamas, Columbia University, UCLA Center for Middle East Development, Syracuse University, Reuters, State Department, Business Locations: Lebanon, Iran, Israel, Gaza, America, Rafah

☆ Israeli forces launch ground offensive in Lebanon as markets fear escalation
▼ + stars: | 2024-10-01 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +5 min

NEBATIEH, LEBANON - SEPTEMBER 28: Smoke rises after Israeli attacks over Shebaa town of Nabatieh province on September 28, 2024. The Israeli air and artillery forces are supporting the offensive, the IDF said. Hezbollah said that claims that Israel had entered Lebanon are "false," reporting no "direct ground clashes," according to a Google-translated statement. Historically sensitive to geopolitical tremors, oil prices have resisted long-term spikes, reined in by the specter of waning global demand and potential supply increases. On its own, this escalation would point to higher oil prices and inflation.

Persons: Ramiz Dallah, Jalaa Marey, Hassan Nasrallah, Yoav Gallant, Lloyd Austin, Israel, Amir Yaron, specter Organizations: Getty Images, Anadolu, Getty, Israel, Israel's Defense Forces, White House, NBC, Brent, Afp, Jewish, Palestinian, Hamas, Israeli, U.S, United Nations, Reuters, Capital, Gulf Cooperation Council Locations: NEBATIEH, LEBANON, Shebaa, Nabatieh, Anadolu, Iran, Lebanon, Israel, London, Galilee, Gaza, Lebanese, Beirut's, U.S, Saudi Arabia

☆ Israel's airstrikes and incursion against Hezbollah show limits in Biden's ability to influence Netanyahu, foreign policy experts say
▼ + stars: | 2024-10-01 | by ( Lloyd Lee | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

☆ Oil prices rise on Middle East supply risks as Israel steps up attacks
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: +2 min

An oil platform in the Red Sea in Ras Behar region, Egypt on January 29, 2023. Oil prices edged higher on Monday on increasing concerns of potential supply disruptions from the Middle East producing region after Israel stepped up attacks on Iranian-backed forces. Brent crude futures for November delivery increased 16 cents, or 0.22%, to $72.14 a barrel as of 0043 GMT. That contract expires on Monday and the more-active contract for December delivery gained 10 cents, or 0.14%, to $71.64. "The recent escalation of attacks in the Middle East is increasing the likelihood of Iran being directly dragged into the conflict, putting a significant risk around supply disruptions at the OPEC producer," ANZ Research said in a note.

Persons: Brent, WTI, Israel, Iran's, Sayyed Hassan Nasrallah, Lloyd Austin, Jerome Powell Organizations: . West Texas, Organization of, Petroleum, Hezbollah, ANZ Research, Lebanon . U.S . Defense Locations: Red, Ras Behar, Egypt, Israel, China, Iran, OPEC, Yemen, Lebanon . U.S, Washington, Libya

☆ The US military is bracing for a fight with warships and more aircraft as further violence grips the Middle East
▼ + stars: | 2024-09-30 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Israel's killing of the Hezbollah leader Hassan Nasrallah has put the Middle East even more on edge. AdvertisementThe US military has a substantial force of warships and fighter aircraft stationed across the Middle East and is moving even more firepower into the region as it braces for an increase in conflict. The US has publicly said that it's ready to defend Israel and protect its forces in the Middle East from any attack by Iran or its regional proxies. As part of these efforts, Ryder said Austin directed the Abraham Lincoln Carrier Strike Group to remain in the Middle East region, where it has been operating for several weeks. Beyond the carrier strike group and amphibious ready group, the US Navy has destroyers operating in the Middle East and the Eastern Mediterranean.

Persons: Hassan Nasrallah, —, Nasrallah, USS Abraham Lincoln, Joe Biden, Defense Lloyd Austin, Pat Ryder, Ryder, Austin, Abraham Lincoln, Spruance, Ayal Margolin, Yoav Gallant, Gallant Organizations: Service, Hezbollah, US, Defense, Abraham Lincoln Carrier Strike Group, Wasp, Group, US Navy, 24th Marine Expeditionary Unit, Pentagon, REUTERS, Israeli Locations: Iran, Beirut, Israel, East, Hill, Cyprus, Lebanon

☆ These snazzy homes are built in a factory, installed in backyards, and cost as little as $95,000 — take a look inside
▼ + stars: | 2024-09-30 | by ( Kelsey Neubauer | Alcynna Lloyd | ) www.businessinsider.com time to read: +2 min

Villa builds homes to be put in backyards, also known as ADUs, with each unit starting at $95,000. See the factory where its homes are built and some properties already set up in people's backyards. AdvertisementBay Area-based startup Villa sells homes that are built in a factory and then installed in backyards. These homes, called accessory dwelling units, or ADUs, have their own address, separate from the main house they sit near. Take a look inside some of Villa's tiny homes and meet their owners.

Persons: —, Villa, Heather Miksch Organizations: Service, Villa Locations: backyards, California

High risk of natural disaster and extreme heat For two decades, they’ve also been some of the most popular places to move as Americans have flocked to the South and West. Much of Vermont, which is not highlighted as high risk in the maps above, saw devastating flooding last year following a record-breaking storm. Jacksonville Tallahassee Gainesville Daytona Beach Orlando Tampa HIGH HURRICANE WIND RISK Sarasota The Tampa metro area has been one of the fastest growing in the country. Many of these new residents have settled in coastal communities that are at high risk for hurricanes. Dallas-Fort Worth sits in an area at high risk for serious thunderstorms, hailstorms and tornadoes.

☆ U.S. boosts air support and hikes troops' readiness to deploy for Middle East
▼ + stars: | 2024-09-29 | by ( ) www.cnbc.com time to read: 1 min

US Secretary of Defense Lloyd Austin speaks during a press briefing at the Pentagon in Washington, DC, on July 25, 2024. U.S. Defense Secretary Lloyd Austin has authorized the military to reinforce its presence in the Middle East with "defensive" air-support capabilities and put other forces on a heightened readiness status, the Pentagon said on Sunday. "[Austin] increased the readiness of additional U.S. forces to deploy, elevating our preparedness to respond to various contingencies," Pentagon spokesman Air Force Major General Patrick Ryder said in a statement. The statement did not detail what new aircraft would be deploying to the region. "Secretary Austin made clear that should Iran, its partners, or its proxies use this moment to target American personnel or interests in the region, the United States will take every necessary measure to defend our people," Ryder added.

Persons: Defense Lloyd Austin, Lloyd Austin, Patrick Ryder, Austin, Ryder Organizations: Defense, Pentagon, U.S . Defense, Air Force Locations: Washington ,, Austin, Iran, United States

☆ Mark Cuban tells 'faithful soldier' Elon Musk that Trump will eventually turn on him
▼ + stars: | 2024-09-29 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Elon Musk shared another post on social media expressing support for Donald Trump. AdvertisementMark Cuban warned Elon Musk about supporting Donald Trump in a social media post on Sunday, as the online feud between the two billionaires continues. "Very few Americans realize that, if Trump is NOT elected, this will be the last election," Musk wrote. In response, Cuban called Musk a "loyal, faithful soldier" to Trump and warned that his fealty won't always be rewarded. Advertisement"Elon, there will come a time when you need something from Donald Trump.

Persons: Elon Musk, Donald Trump, Mark Cuban, Trump, Cuban, —, Musk, Elon, David Sacks, Kamala Harris Organizations: Service, GOP, Trump, PAC, Democratic, Cuban, Business, Dallas Mavericks, Republican Locations: Harris, Pennsylvania

☆ Harris aims to neutralize a key vulnerability: From the Politics Desk
▼ + stars: | 2024-09-27 | by ( The Politics Desk | ) www.nbcnews.com time to read: +6 min

In today’s edition, senior national political reporter Sahil Kapur breaks down how Kamala Harris is handling shifting border politics. Plus, "Meet the Press" moderator Kristen Welker previews next week's vice presidential debate. Harris seeks to neutralize immigration vulnerability as the politics tilt rightBy Sahil KapurKamala Harris is aiming to neutralize a political vulnerability and rebut Donald Trump’s core campaign message today as she takes her tough-on-migration stance to the U.S.-Mexico border in Arizona. Trump has long held a clear advantage among voters on immigration, though NBC News polling shows that edge is narrowing. It also comes after snap polls and many observers concluded Harris bested Trump in their first — and perhaps only — debate.

Persons: Sahil Kapur, Kamala Harris, Kristen Welker, Harris, Sahil Kapur Kamala Harris, Donald Trump’s, Harris ’, Trump, Joe Biden, won’t, ” Sen, Chris Murphy, Conn, “, ” Harris, Obama, that’s, James Lankford, Vance, Walz, Joe Biden’s, Paul Ryan, Barack Obama, Lloyd Bentsen’s, Jack Kennedy ” zinger, Dan Quayle, James Stockdale’s, Republican JD Vance, Tim Walz, ” That’s Organizations: NBC, White House, Capitol, Trump, Democratic Party, NBC News, Republican, GOP, “, Press Locations: U.S, Mexico, Arizona, California

☆ Mark Zuckerberg should forget the Quest: Meta's Orion is the real game changer, tech analysts say
▼ + stars: | 2024-09-27 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

But some tech analysts contend people are most interested in truly wearable tech, like Orion. Quest is limiting because of its bulk — and Orion AR glasses are an improvement, the analysts said. Some said they're persuaded that augmented-reality wearable glasses like Orion have more potential than mixed-reality headsets, like the bulky Quest. Meta's Quest, pictured in May, doesn't have as much potential as its new Orion glasses, some analysts say. AdvertisementHe said that's why he likes Zuckerberg's vision of more easily wearable tech, like Orion.

Persons: —, Mark Zuckerberg, they're, Zuckerberg, Gene Munster, Munster, doesn't, It'll, Justin Post, Meta hasn't, Ben Thompson, Andrew Bosworth, Orion Organizations: Meta, Service, Orion, Quest, Deepwater Asset Management, Munster, Orion . Bank of America Locations: Orion .

☆ Austin believes casualties in all-out war between Israel and Hezbollah could ‘equal or exceed’ those in Gaza
▼ + stars: | 2024-09-27 | by ( Shania Shelton | ) edition.cnn.com time to read: +4 min

CNN —US Defense Secretary Lloyd Austin warned Friday of “devastating” consequences if Israel engages in an all-out war with Hezbollah, telling CNN in an exclusive interview that casualties would “equal or exceed” the number in Gaza. “An all-out war between Lebanese, Hezbollah and Israel would be devastating for both Lebanon and Israel. And again, we anticipate that we’d see a number of people displaced, casualties that, you know, equal or exceed what we’ve seen in Gaza,” Austin told CNN’s Wolf Blitzer. Asked by Blitzer if continued US aid to Israel undermines Washington’s efforts to secure a ceasefire in Lebanon, Austin on Friday reiterated the long-standing alliance. “We’ve been clear from the very beginning that that we’re going to support Israel in its efforts to defend itself,” Austin said.

Persons: Lloyd Austin, Israel, ” Austin, CNN’s Wolf Blitzer, ”, Benjamin Netanyahu, ” Netanyahu, Biden, Blitzer, “ We’ve, “, Austin, Volodymyr Zelensky, Joe Biden, Kamala Harris, Donald Trump, Trump Organizations: CNN, US, United Nations, Hezbollah, Ukraine, Army Tactical Missile Systems Locations: Gaza, Lebanese, Israel, Lebanon, Iran, ”, Austin, Washington, Ukraine, Russia

☆ Israel went after Hezbollah's leader in a powerful strike on its headquarters. His fate is still unknown.
▼ + stars: | 2024-09-27 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Israel said Friday that it carried out a strike against Hezbollah's headquarters in Beirut. Israel has increasingly targeted top Hezbollah officials and operatives over the past week, but killing its leadership would be a significant and dramatic escalation. Rear Adm. Daniel Hagari, a spokesperson for the Israeli military, said that the headquarters struck Friday was located underneath residential buildings in Dahieh, a Beirut suburb. AdvertisementIsrael has not publicly acknowledged that it specifically targeted Nasrallah, nor has it commented on his status. Hours after the earlier strikes against Hezbollah's headquarters, the Israeli military said that it was carrying out additional strikes on Hezbollah weapons storage facilities in Beirut.

Persons: Israel, Hassan Nasrallah, —, Hezbollah's, Nasrallah, Daniel Hagari, Defense Lloyd Austin Organizations: Hezbollah's, Service, CNN, Reuters, Pentagon, Defense, Israel, IAF, Hezbollah Locations: Beirut, Iran, Israel, Dahieh, Lebanon

☆ What it would take to remove embattled New York City Mayor Eric Adams from office
▼ + stars: | 2024-09-27 | by ( Alice Tecotzky | Lloyd Lee | ) www.businessinsider.com time to read: +4 min

NYC Mayor Eric Adams insisted that he will remain in office despite his indictment. However, the city's charter outlines two ways Adams could be forcibly removed from his position. AdvertisementAfter news broke that New York City Mayor Eric Adams was indicted on five criminal counts, many other politicians started calling on him to resign his post. The committee includes five members: New York City's top attorney, the comptroller, the City Council speaker, the borough president serving the longest consecutive term, and a deputy mayor that the mayor selects, the city charter states. If Adams is removed from office or resigns, Jumaane Williams, the city's public advocate, would serve as acting mayor.

Persons: Eric Adams, Adams, Kathy Hochul, —, Adrienne Adams, Donovan Richards, Brad Lander, Richards, Lander, Muriel Goode, Trufant, Goode, Randy Mastro, Fabien Levy, Jumaane Williams, Williams, Gracie Organizations: Service, New, New York City, Gov, York, City Council, City, Speaker, The New York Times Locations: New York, Gothamist , New York City, Lander, —

Eric Adams spent two nights at the St. Regis Istanbul in the summer of 2017, prosecutors said. He paid $600 for the hotel's Bentley suite instead of its true worth, about $7,000, they said. A page from the indictment showing the Bentley Suite, where feds say Adams stayed at a big discount. One of these perks was the 2017 stay in the St. Regis' Bentley Suite. Take a look inside the Bentley hotel suite where prosecutors say he stayed in 2017 at a major discount.

Persons: Eric Adams, —, Adams, Regis, Bentley Organizations: Regis, Service, Bentley, Turkish Airlines, Prosecutors Locations: Regis Istanbul, New York City, Regis, Istanbul, St, New York, Turkey

In September 2023, NYC Mayor Eric Adams gave hip-hop mogul Sean "Diddy" Combs a key to the city. Both Adams and Combs were charged with crimes in September 2024. Go to newsletter preferences Thanks for signing up! AdvertisementAbout a year ago, New York Mayor Eric Adams gave Sean Combs, the music mogul known as Diddy, a key to the city. During a ceremony in Times Square, Adams handed Diddy the key, a symbol of recognition for New Yorkers who have achieved remarkable success.

Persons: Eric Adams, Sean, Diddy, Combs, Adams, they're, —, Sean Combs Organizations: Service, New, Catholic, Business Locations: New York, Harlem, Bronx

☆ OpenAI has 4 big challenges it needs to conquer in its quest for AI dominance
▼ + stars: | 2024-09-26 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +9 min

OpenAI bleeds C-suite executivesAs OpenAI chases a massive fundraising round, the startup continues to deal with a staff exodus. The nonprofit side of OpenAI will still exist and have a minority stake in the for-profit company, the sources told Reuters. "Given the ambitions of OpenAI, a non-profit structure has been too constraining. AdvertisementThe debate over whether OpenAI should be a for-profit company has been a bone of contention for one very vocal tech industry bigwig — Elon Musk. Park, the corporate law expert, told BI that the for-profit governance structure could also leave OpenAI vulnerable to greater government scrutiny.

Persons: —, OpenAI, Mira Murati, Sam Altman's, Murati, Barret Zoph, Bob McGrew, Altman, Greg Brockman, Wojciech Zaremba, Brockman, Ilya Sutskever, John Schulman, Peter Deng, Sutskever, James, I'd, Slack, Gene Munster, She's, Mira, — Elon, Musk, Gary Marcus, Marcus, Musk's, Mark Zuckerberg, xAI, Sam Altman, Munster Organizations: Service, Technology, Business, Microsoft, Nvidia, Wired, University of California, OpenAI, Bloomberg, Deepwater Asset Management, Reuters, Intelligence, Guardian, Meta Locations: It's, OpenAI, Los Angeles

Nominations are now open for Business Insider's fifth annual list of Rising Stars of Real Estate. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementNominations are now open for Business Insider's fifth annual list of rising stars in real estate. If you know an up-and-comer aged 35 or younger in commercial or residential real estate, we'd love to hear about them. The nominations are open to real-estate professionals and individuals from other industries who work closely with real estate.

Persons: — Organizations: Business, Service Locations: Estate

According to Realtor.com, about 19.3% of homes listed for sale saw a price cut in August, easing some pressure off buyers plagued by high mortgage rates. The Fed cut rates last week and is expected to lower them further in the coming months, which should eventually push down mortgage rates and increase homebuyers' purchasing power. This story is available exclusively to Business Insider subscribers. To compile this list, Business Insider scoured Zillow listings. AdvertisementHere's a look at the priciest homes for sale in each state.

Persons: —, Knight Frank Organizations: Service, Business, LA's Bel Air Locations: Manhattan, Los Angeles, Palm, New York, Central, LA's Bel, Florida

☆ Apple Intelligence will drive sales for iPhone 16. Just wait for it, analyst says.
▼ + stars: | 2024-09-23 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Read previewApple Intelligence didn't come with the latest iPhone 16 drop on September 20, but that won't matter — analysts are confident that it'll still boost iPhone 16 sales throughout the next 12 months as Apple releases the AI-powered features in multiple software updates. "Apple Intelligence is still the big driver," Gil Luria, an Apple analyst for D.A. The analyst compared Apple Intelligence's sales boost potential to the excitement around 5G coverage for iPhone 12 about four years ago. According to the analyst, the difference now is that Apple Intelligence won't come out of the box. Luria, the Apple analyst, told BI that Apple Intelligence won't be a popular feature until people can start using it, comparing it to AI's dominance after ChatGPT was released to the public in 2022.

Persons: —, Gil Luria, Davidson, Chi Kuo, Luria, Dan Ives, Ives, Ron Witt, " Luria, ChatGPT Organizations: Service, Apple, Apple Intelligence, D.A, Business, BofA Global Research, BI, 5G, Wedbush Securities Locations: Cupertino, San Francisco and New York, San Francisco

☆ FTC chair Lina Khan explained how Americans lost their privacy protections to Big Tech
▼ + stars: | 2024-09-23 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

In a "60 Minutes" interview that aired Sunday, FTC Chair Lina Khan said allowing Big Tech to go through hundreds of acquisitions in the past several decades was a mistake that hurt Americans. An FTC spokesperson did not respond to a request for comment. "After some of those firms were bought up by one of the big guys, all of those data privacy policies changed overnight, and so Americans lost those privacy protections." A WhatsApp spokesperson told BI at the time that the company disagreed with the decision and that the penalties were "entirely disproportionate." An FTC spokesperson told CNN in 2023 that, under Khan, the agency has investigated or sued to stop more than three dozen merger proposals.

Persons: —, Lina Khan, Khan, Mark Zuckerberg's, we're, WhatsApp, Joe Biden, Kamala Harris, Reid Hoffman, Khan's, Matt Gaetz, Newsmax Organizations: Service, Trade, Big Tech, Business, Facebook, FTC, YouTube, Democratic, Republican, CNN, Florida, Street Journal Locations: Washington ,

☆ The self-driving future will look unremarkable. That's the point.
▼ + stars: | 2024-09-22 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

The view of the Waymo depot from Sophia Tung's apartment. To be clear, Waymo's cars are impressive. AdvertisementA surveillance company reached out to Sophia Tung to upgrade her Waymo livestream equipment. Sophia TungSince it went up on YouTube, Tung's livestream has received a few upgrades. Every hour, a digital goose will also pop up somewhere on the screen — an homage to the once-honking cars, the engineer said.

Persons: —, Sophia Tung, Tung, Sophia Tung's, Tung's, ennui, Waymo, BI's Peter Kafka, livestream, It's, Christine, John Carpenter's, Stephen King, Christine doesn't Organizations: Service, YouTube, Business, Logitech, Radio, San, PACE, Plymouth, NBC Bay Area Locations: Waymos, Market, San Francisco, Tung, Sophia, German

☆ Mark Cuban says that despite their differences, he understands Elon Musk's sense of humor
▼ + stars: | 2024-09-21 | by ( Cheryl Teh | Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Read previewMark Cuban and Elon Musk have often sparred on X, Musk's social media platform. But Cuban says he does get the Tesla and SpaceX chief's sense of humor. Musk, for his part, likes to believe he's often engaging in harmless trolling on his social media platform, once proclaiming himself the Chief Troll Officer. Related storiesThe comment sparked a probe from the Secret Service, according to Bloomberg, which filed a Freedom of Information Act request with the agency for any documents referencing Musk's post. "We can say, however, that the Secret Service investigates all threats related to our protectees."

Persons: —, Cuban, Elon Musk, Brian Tyler Cohen, Taylor Swift, Kamala Harris, that's, Cohen, it's, Musk, Tesla, Donald Trump Organizations: Service, SpaceX, Business, Elon, Securities, Exchange Commission, Bloomberg

☆ Apple iPhones aren't coming with AI software. Here's why it doesn't matter.
▼ + stars: | 2024-09-21 | by ( Lloyd Lee | Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

Apple Intelligence, the AI feature analysts believe will spark a consumer rush to update their iPhones, Business Insider previously reported, was not installed in the new iPhones straight out of the box. AdvertisementDespite the lines, the data shows that preorder sales took a hit this year — possibly due to the absence of Apple Intelligence. The average global shipping time for the iPhone 16 was 7 days compared to 9 days for the iPhone 15. Shipping times for the 16 Pro Max were 11 days compared to 19 days for the 15 Pro Max. The level of draw Apple Intelligence will have on customers is also in question.

Persons: —, Siri, Ron Witt, Witt, It's, Saul Campos, Campos, Tim Cook, it's, Mark Gurman, Chi Kuo, Kuo, Max, Gil Luria, Davidson, Techradar, Apple Organizations: Service, Apple, Apple Intelligence, Business, Apple's, CNBC, Reuters, Shipping, D.A, Consumer Intelligence Research Partners Locations: San Francisco, New York, Manhattan

☆ Return-to-office mandates are helping drive up housing prices in these 10 cities
▼ + stars: | 2024-09-21 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

Read previewThe rise of remote work freed many Americans from the daily commute to an office, empowering them to live wherever they choose. According to Realtor.com, San Jose leads the nation, with homes selling 6.2% above their asking prices. As a result, the demand for housing, combined with a perpetual housing shortage, has made the real-estate market exceptionally competitive. AdvertisementReturn-to-office policies from various companies could make the San Jose market even hotter, a local real-estate broker said. "The real-estate market will probably heat up even more as people move from far areas to be closer to work," Orosco said.

Persons: —, It's, Hannah Jones, Realtor.com, Lex Orosco, Orosco Organizations: Service, Business, Federal Reserve, Realtor.com, California Bay Area, PayPal, eBay, Adobe, Google Locations: West Coast, Texas, Florida, California, San Jose, San Francisco, Silicon Valley, Bay

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