Though first-time homebuyers face multiple challenges in today's housing market -- including rising interest rates, strong appreciation, and critically low inventory levels -- that group was busier than it has been in 13 years in the first half of this year.
If you're planning to shop for a home in the Bay Area this spring, you would do well to have more than $200,000 in the bank for a down payment.
More than one-third of the 25 most popular U.S. real estate markets for households with seven-figure annual earnings can be found in the Golden State, with San Francisco -- perhaps not surprisingly -- topping the list.
Despite the San Francisco metropolitan area's sky-high housing prices, millennials are flocking to the region to take advantage of a thriving job market and lively culture.
The average U.S. down-payment size reached a new high in the third quarter, with Silicon Valley homebuyers putting down 12 times the national amount.
To successfully close a sale, Bay Area homebuyers are putting down much larger down payments than the national average, and a substantial number are leveraging co-borrowers to help them qualify for the mortgage.
November 1, 2016 • Posted in Homebuyer Trends
Internet-connected smart home devices have wide appeal with today's buyers -- particularly younger buyers who are used to living with their smartphones. And some insurance carriers are offering discounts to owners who wire their home with smart amenities.
October 27, 2015 • Posted in Homebuyer Trends
Two-thirds of Pacific Union's all-cash buyers are purchasing homes as primary residences, while a smaller than expected percentage is employed by a tech company.
November 6, 2014 • Posted in Homebuyer Trends
A combination of factors is keeping many younger Americans out of the real estate market, pushing the level of first-time homebuyer activity to its lowest level since the 1980s. And in the Bay Area, which has some of the most expensive home prices in the country, first-time buyers face even bigger challenges.
August 7, 2014 • Posted in Homebuyer Trends
Rising prices are curtailing investment activity as the California housing market recovery continues. That's proving especially true in expensive Bay Area markets like Silicon Valley.
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