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.
It's no secret that the Bay Area is a popular destination for international homebuyers, particularly those from China, but two new reports from the National Association of Realtors add tantalizing details.
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