This month in the SUBURBAN JUNGLE
HOWMUCH DOWN?
You don’t need 20% down to buy, especially not in costly areas like the San Francisco suburbs. Now, you don’t even need10%.Wells Fargo recently launched a new mortgage product that enables buyers to putjust3% downon conforming purchases. Will this finally drive younger buyers into the market?
STAYING IN THE CITY?
CNNMoneyrounds up the minimum household income you need to buy in these major U.S. cities.
Once look at this list and it’s easy to see why so many families are heading to suburbia! Wow!
BYE, BYE BUBBLE
One of those cities? San Francisco. But Silicon Valley’s four-year bubble may soon come crashing to a halt—and that could signal amajorturning point for prospective buyers scouring the San Francisco suburbs.Keep on the lookout, Bay Area buyers. Those sky-high prices could soon begin to level of…
TIME TO CLOSE
Wonder how long it’ll take you to get into your new digs?This reportshows the average time to close holding steady at just 44 days, despite increases in home buyer protections.
SO LONG, SPRING (AND SUMMER…)
Spring market is long over, and we’re approaching fall. What to expect? Here are some major perks to buying in thefall.Still not settled? There’s still time.Get in touchand we’ll help you navigate suburbia, no matter when you’re aiming to make a move.ENJOY THE WEEKEND!And if you want to dive in during these last few weeks of summer market—or, simply, just want to kick around a few ideas with a suburban pro—we want to hear from you.For a free suburbs strategy session,click hereand we’ll be in touch ASAP.