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News for 06.14.18

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 ...
News for 06.13.18

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 ...
News for 06.12.18

The Bay Area’s Median Home Price Climbs to $1 Million in May

The Bay Area’s median home price reached $1 million in May, a 17 percent year-over-year increase, with Silicon Valley continuing to post 30 percent appreciation. Homes sales activity matched last May, with San Francisco showing the strongest gain, up by 7 percent year over year. Napa County sales were slower than last year. Higher-priced sales ...
News for 06.11.18

Real Estate Roundup: California Posts the Nation’s Largest First-Quarter Home-Equity Gain

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious.

Sustained home price appreciation pushed home-equity gains up significantly in Western states in the first quarter, with California at the front of the pack.
That’s according to CoreLogic’s ...
News for 06.07.18

Residents Are Overwhelmingly Happy With Their Homeowner Associations, Survey Finds

More than eight in 10 residents who pay homeowner association dues describe themselves as satisfied with their living situations. Ninety percent of those who live in communities governed by an HOA believe that the guidelines protect or at least do not detract from their property’s value. Residents say that living in a clean and attractive ...
News for 06.06.18

Homeownership Is the Main Source of Wealth for Americans

Americans’ primary residences account for about 25 percent of their overall wealth, more than any other asset. Homeownership remains a cornerstone of the American Dream and also helps build strong communities and drive the U.S. economy. Nationwide, the homeownership rate remains below its long-term average of 66.3 percent.
June is National ...
News for 06.01.18

The May U.S. Jobs Report Is a Slam Dunk

Today’s national employment report from the U.S. Bureau of Labor Statistics offered further confirmation of the U.S. economy’s strength, reporting an increase of 223,000 jobs in May. Job gains have averaged 202,000 per month in 2018. The current economic cycle is the longest continuous expansion on record, with 92 straight months of job ...

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