RISMedia's Real Estate Magazine

MAR 2018

Real Estate magazine is the industry's leading source for real estate news and information since 1980. Published monthly by RISMedia, Real Estate magazine offers timely and relevant real estate news to the industry's top brokers and agents.

Issue link: http://remag.rismedia.com/i/944619

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Page 16 of 118

12 March 2018 RISMedia's REAL ESTATE {Did You Know?} #REalityCheck In January, homes in the San Francisco- Oakland-Hayward metropolitan area lasted a median 39 days on-market; in the San Jose-Sunnyvale-Santa Clara metro, a median 33 days; and in the Vallejo-Fairfield metro, a median 44 days. Source: realtor.com® Owner households, or homes owned by their residents, comprised 56.4 percent of all homes occupied in the fourth quarter of 2017—a boost from 55.7 percent in the third quarter. Renter households, or homes rented by their residents, comprised 31.4 percent— unchanged from the prior quarter. Source: U.S. Census Bureau's Quarterly Housing Vacancies and Homeownership Report of buyers aged 25 - 49 are interested in 5,000-square-foot-plus homes. They also have a preference for Brick Georgian, Modern, Victorian or Tudor homes, but with commercial- grade kitchens and security systems. Source: Luxury Portfolio International® According to a new report by Zillow, the top five markets that have gained the most value since the worst of the housing crisis are: 1. San Jose - $615,100 2. San Francisco - $435,700 3. Los Angeles - $248,000 4. San Diego - $217,500 5. Seattle - $206,400 78%

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