California Needs More New Homes Than Any Other U.S. State

From the Pacific Union blog:
Over the past decade and a half, more than 20 US states have not built enough homes to meet demand, leading to rising prices and decreased affordability, with California accounting for nearly half of the undersupply.  Read more about the demand and what we need to do to meet it:
https://bit.ly/2KiwP7G

Pacific Union Quarterly Report: Q1 2018 East Bay

From the Pacific Union blog:
The East Bay's housing market continued to maintain it's strong momentum in the first quarter.  While the number of sales in more affordable market segments lagged due to continually falling inventory, sales of homes priced above $1 million surged.  following Silicon Valley, the East Bay saw the second highest increase in sales of homes above $1 million. 
Read all the details at https://bit.ly/2F6uVTR

Most Americans Believe They Are Adept at Home Repairs — Particularly Millennials

From the pacific Union blog:
Millennials are more likely than other generations to describe themselves as handy around the house, although they actually have the least experience at do-it-yourself projects.  Millenials are also three times less likely to call a handyman than baby boomers, perhaps deterred by costs.  Read more https://bit.ly/2qGnuOT. For help with all your real estate needs, call FRITZ.

Bay Area, California Homebuyers Lead the Nation for Down-Payment Size

From the Pacific Union blog:
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.  Buyers in the San Jose metropolitan area are currently shelling out the largest down payments in America, an average of 23.9 percent.  As the country's most expensive housing market, with a median list price of $1.2 million, San Jose homebuyers are placing down payments of $257,000.  Read more at https://bit.ly/2GAEcJF . For more information about this and all your real estate needs, call FRITZ.