Given the low housing inventory and sustained high demand it’s no great surprise to note the following trends:
- The average property is receiving from two to four offers
- 60% of homes are selling for more than the asking price
- Down payments in San Jose and San Francisco were 25.2 percent and 22.3 percent, the highest in the country
- Co-borrowers are increasingly being used, with San Jose leading the country at more than 50 percent of all home purchases
Leave a Reply