How You Can Help Those Affected by the California Wildfires
November 14, 2018
November 14, 2018
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November 12, 2018
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.
Despite the Bay Area's top-dollar cost of living, the region's rapid home price appreciation and booming economy have helped land a handful of local cities on lists of the best places to live in America.
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.
Bay Area housing inventory again improved on an annual basis in September, though the region saw home sales decline by 20 percent. Pacific Union Chief Economist Selma Hepp takes a look at the latest market conditions.
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