The Golden State got another welcome housing inventory boost in October, with most Bay Area counties and Los Angeles posting annual improvements.
Tag Archive: San Francisco
What's in store for U.S. and California housing markets over the next three years? Pacific Union Chief Economist Selma Hepp offers highlights of an annual forecast from John Burns Real Estate Consulting.
Generation Z are so serious about homeownership that they are twice as likely to start saving money earlier than previous generations. Also: Mortgage rates have again reached the highest point since 2011. Check out what's going down in the housing world in Pacific Union's latest Real Estate Roundup.
San Jose, San Francisco, and Los Angeles again had the most equity-rich homeowners in America in the third quarter, with nearly 90 percent of properties in one Silicon Valley community classified as such.
Although San Jose and San Francisco were once again the nation's two most expensive housing markets in the third quarter, residents of those cities have their borrowing habits very much under control.
San Francisco homebuyers have some of the best credit scores in the country, but they also face one of the longest roads to recovery after completing their real estate purchase.
Although U.S. and Bay Area home price growth moderated from the second quarter to the third quarter, appreciation in the latter region's two largest cities continued to outpace the national rate.
Nearly 60 percent of newly constructed homes come with patios. Also: The best two American cities for tech workers are located nearly 3,000 miles from the Bay Area. Get quick takeaways from the latest housing headlines in Pacific Union's weekly Real Estate Roundup.
Homes in California and the nine-county Bay Area were slightly more affordable than they were in the second quarter, though less than one-third of households meet the minimum income requirements to qualify for a mortgage. Meanwhile, affordability conditions in Los Angeles County trended in the opposite direction.
U.S. homebuyers are dropping the largest down payments in 13 years in 2018, while student debt and deteriorating affordability continue to hinder more younger Americans from entering the real estate market.
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