Weekly Real Estate Update

Bay Area Pending Home Sales Slide for the Ninth Straight Month

Pending home sales activity continued to decline in both California and the Bay Area in June, with tight inventory conditions once again the culprit. Read all about it at http://pacunion.us/2uVhXHx

 

California: Home to More Than Half of America's 20 Most Expensive Housing Markets

U.S. home prices rose to another new all-time high in June, as tight supply conditions continued to worsen. The Bay Area's housing shortage is evident by its elevated prices, with seven local counties ranking among the nation's 20 most expensive real estate markets in June. Read more at http://pacunion.us/2eQC9DT

 

A Plea to Homeowners: Honeybees Need Homes, Too!

Honeybees are essential to California's agricultural economy, and each year farmers in the Golden State import millions of them to pollinate their crops. What does this have to do with Northern California homeowners? Plenty, it turns out. Get the story athttp://pacunion.us/2eTXg8v

 

Two New Reports Highlight California, Bay Area Housing Affordability Challenges

The Golden State's housing market is currently not particularly friendly to those looking to get a foot in the door, as it is home to the majority of the nation's 10 least-affordable markets for first-time buyers. And here in the Bay Area, conditions are even more problematic for first-time buyers, as the median income won't buy a home in any ZIP code in three local counties. For more, go online to http://pacunion.us/2eL5HD0

 

Real Estate Roundup: Bay Area Suburb Named Hottest U.S. Housing Market for Sixth Straight Month

California cities continued to dominate the monthly rankings of the hottest U.S. real estate markets in July, with a Bay Area suburb holding down the No. 1 position. Check out this and other headlines of note in Pacific Union's weekly real estate roundup. It's online at http://pacunion.us/2eVuiVJ