Weekly Real Estate Update

Sizing Up the Competition: How Many Offers Are You Betting Against?

Competition has increased again in Bay Area housing markets this summer, with 6 in 10 homes selling over the asking price. Pacific Union Chief Economist Selma Hepp breaks down the bidding-war landscape in a new analysis at http://pacunion.us/2vINlpz

 

California Job Growth Slows in June, but the Bay Area Comes Out Ahead of Other Metro Areas

Although California lost jobs in June, the Bay Area saw solid gains. Pacific Union Chief Economist Selma Hepp examines the latest state and local job numbers at http://pacunion.us/2uQMfuS

 

Pacific Union Quarterly Report: Q2 2017

For the most part, the number of Bay Area homes for sale did not improve in the second quarter from one year earlier, pushing prices up again. Get all the last data, plus expert commentary from Pacific Union Chief Economist Selma Hepp, in our second-quarter real estate report. You’ll find it exclusively at http://pacunion.us/2tlSJ5n

 

California Homes Selling at the Fastest Pace in 13 Years

Stubbornly low inventory conditions motivated Golden State homebuyers to act quickly in June, while prices continued to rise statewide and in the Bay Area. For the latest facts and figures, go to http://pacunion.us/2todFsg

 

Chinese Buyers Remain the Most Active International U.S. Real Estate Investors

Foreign investment in the U.S. housing market surged over the past year, with California still a prime destination for overseas buyers, particularly those from China. Read more at http://pacunion.us/2gNcOLU

 

Real Estate Roundup: U.S., Bay Area Foreclosure Activity Drops Sharply in First Half of 2017

Foreclosure activity dropped by more than 25 percent on an annual basis in San Francisco and San Jose in the first half of the year, while a new proposal seeks to ease California's development restrictions. Check out these and other headlines of note in Pacific Union's latest Real Estate Roundup. It’s online at http://pacunion.us/2eCJffu