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Real Estate Roundup: The Median Down Payment in Silicon Valley Is $300,000
San Jose and San Francisco homebuyers put down the largest down payments in the U.S. in the first quarter and also have more co-buyers than anywhere else in the country. Take a peek at the latest housing headlines of note in Pacific Union’s Real Estate Roundup.
Millennials Are Now the Most Active Home Remodelers
Millennials have completed more home-improvement projects over the past 12 months than any other generation. Despite increased home-renovation activity by millennials, they still spend the least on projects, while baby boomers spend the most. Tight inventory conditions and rising mortgage rates should cause both remodeling activity and spend to grow in the coming years. Having […]
San Francisco Has the Nation’s Fewest Delinquent Mortgage Holders
The U.S. mortgage-delinquency rate dipped to 4.3 percent in March, the lowest since March 2007. In the San Francisco metropolitan area, 1.5 percent of homeowners are delinquent on their mortgages, the fewest of any large U.S. housing market. Mortgage delinquencies rose in the Santa Rosa and Napa metro areas from one year earlier, likely a […]
Chris Swim & Tracy Keaton
