More Than Six in 10 Millennials Lack a Prime Homebuying Credit Score

  Sixty-one percent of millennials without mortgages have credit scores lower than 661. Millennials with mortgages have average credit scores of 716. While one survey puts the number of millennials who think homeownership is a good investment at more than 80 percent, another poll says that less than half of that generation express the same …

Lists of Paperworks You Need for Applying a Mortgage

Get your paperwork ready before applying for a mortgage When you begin looking for a house, you should also begin looking for all the paperwork you'll need before applying for a mortgage. If you apply in person at a bank or mortgage company, plan on taking all of these documents with you. The lender will make …

U.S. Home Prices Again Reach New Peak in the Second Quarter

The median sales price for a U.S. single-family home was $269,000 in the second quarter, an all-time high. The San Jose metropolitan area was America’s fastest-appreciating housing market, with the $1.41 million median sales price up by 18.7 percent from the second quarter of 2017. Though millennials should be helping to drive sales activity, less …

Bay Area Home Sales Activity in July

  Finally, More Bay Area Housing Inventory Arrives After 16 Months of Declines. Read more on the @bethanywpatten blog. Executive Summary: The Bay Area’s decline in home sales (including single-family and condominiums) improved in July, with only 3 percent less activity year over year after a 13 percent decline in June. Sales of homes priced above …

California June 2018 Job Report

  Losses of Lower-Paying Jobs Drag Down California’s Employment Growth in June Over the year, California created 269,100 jobs, with nine industries adding a total of 272,800 positions and two industries losing a total of 3,400 jobs. The largest job gains were in educational and health services, up by 75,800 jobs; professional and business services, …