Nick's Blog

Weekly Real Estate Update

Posted: February 19, 2019

California Home Sellers Want 2017 Prices, but Buyers Are Patient in 2019

Compass Chief Economist Selma Hepp examines rebalancing market conditions between homebuyers and sellers in the Bay Area and Los Angeles. Read her expert analysis at http://tinyurl.com/y2whqspv

 

Compass January 2019 Real Estate Update

The pace of home sales across the Bay Area mostly slowed year over year in January. Get a handle on the latest market conditions from the first month of 2019 at http://tinyurl.com/y45ha3py

 

Housing Affordability Improves in California's Most Expensive Counties

All four California counties where it takes seven figures to buy a home can be found in the Bay Area, and they were all among the 10 in the state that saw housing affordability increase from the fourth quarter of 2017. Read more at http://tinyurl.com/y354cquh

 

More Good News for U.S. and California Home Shoppers, as Appreciation Slows

Nationwide, homebuyers had more properties to choose from in the fourth quarter than they did a year ago, while major California housing markets saw price growth moderate. Details are available at http://tinyurl.com/y2nzrfqz

 

San Francisco Ranks as the Healthiest U.S. City for the Third Straight Year

San Francisco once again claims the title of the nation's most health-conscious city in 2019, buoyed by residents' smart eating habits and access to outdoor spaces in which to exercise. Read more at http://tinyurl.com/y6mzxgnc

 

Home of the Week: Golden-Age Treasure With Timeless Appeal

In the 1920s, when this stately Spanish Colonial Revival masterpiece was born, Piedmont boasted that it had more millionaires per square mile than any other city in the country. Today, the expansive, light-filled layout and beautiful scale of 227 Crocker Ave.reflect the easy grandeur of California’s Golden Age at its livable best. Check it out at http://tinyurl.com/y2tmhoob

 

Home of the Week: Serene, Magical Retreat on More Than 2 Flat Wooded Acres

Offered for the first time in more than 60 years, this light-filled 1920 Italian Revival-style treasure is sequestered on 3130 Maiden Lane in the foothills of Altadena. Set against the backdrop of the San Gabriel Mountains on some 2.36 acres laced with rustic trails, the property has been owned by the same family since 1957. Take a look at http://tinyurl.com/y22stwjh

 

Home of the Week: Airy Malibu Oceanfront Home

West Coast casual meets New York loft attitude in this sun-swept beach house, set on some 60 feet of dazzling ocean frontage at 19158 Pacific Coast Highway. Check it out at http://tinyurl.com/y3d4e4sv

 

Real Estate Roundup: 2019 Mortgage Rates Are Lowest in California

California homebuyers are getting the lowest mortgage rates in the country in early 2019, while San Franciscans overwhelmingly want the city to build more housing. Get the latest news from the housing world in Compass' latest weekly Real Estate Roundup, available at http://tinyurl.com/y578nefp

Weekly Real Estate Update

Posted: February 11, 2019

Bay Area Companies Dominate List of 2019's Best Tech Workplaces

Can you guess which Bay Area-based company ranks as America's top workplace for techies? Get the answer athttps://tinyurl.com/y8mlplr5

 

California: One of America's Best States for Singles

Single folks will find that the Golden State is a fine place to come across romance, while there's no better city in America to celebrate Valentine's Day than San Francisco. Read more at https://tinyurl.com/ya9sl4j6

 

High-Tech Kitchens Gain More Traction in Home-Remodeling Projects

More homeowners who have recently tackled a kitchen renovation added high-tech features and appliances, while open floor plans remain a popular reason for upgrading. Read more at https://tinyurl.com/ydaagd2y

 

Home of the Week: Timeless San Marino Villa

A short drive from The Huntington, the Langham Huntington Hotel, and exquisite Lacy Park, this fully furnished home in San Marino is the height of easy California elegance. For an online viewing, go to https://tinyurl.com/yyozub3a

 

Home of the Week: Simply Elegant Napa Valley Retreat

Noted Bay Area/Hawaii architect Shay Zak collaborated with his wife, designer Mary Moore, to create this Wine Country compound, a vast, airy estate that blends indoor and outdoor spaces into a world of easy elegance and streamlined simplicity. Check it out at https://tinyurl.com/y4mmlkjl

 

Real Estate Roundup: California Homeowners Again Rank as the Nation's Most Equity-Rich

Homeowners in San Jose, San Francisco, and Los Angeles remain the nation's most equity-rich. Los Angeles, by the way, saw the nation's largest uptick in luxury-home flips. Get the skinny in Compass' latest Real Estate Roundup at https://tinyurl.com/y4s58g9r

Weekly Real Estate Update

Posted: February 5, 2019

January Marked the 100th Straight Month of U.S. Job Growth

Although the U.S. unemployment rate inched up in January, the number of new jobs still exceeded expectations. Compass Chief Economist Selma Hepp examines the latest employment numbers. Read her expert analysis exclusively at https://tinyurl.com/yarszb3w

 

The Economic Impacts of the Government Shutdown and the Federal Reserve's Patient Stance

Compass Chief Economist Selma Hepp weighs in on the implications of the government shutdown and the Federal Reserve's decision to exercise restraint. Read more at https://tinyurl.com/y9lo6ka7

 

The Bay Area's 10 Fastest-Paced Housing Markets: Q4 2018

Most of the Bay Area's fastest-paced real estate markets as of the fourth quarter were found in the East Bay. Find out where local buyers are closing deals the quickest at https://tinyurl.com/y6vm5c5g

 

Bay Area Home Sellers Continue to Enjoy the Largest Returns in the U.S.

San Jose and San Francisco led the country for home seller returns in 2018. Get the latest facts and figures at https://tinyurl.com/y8bdfgr7

 

Most Millennials Would Buy a Fixer-Upper, Survey Says

A new report again highlights millennials' desire to become homeowners, and they are not afraid to pick a property that needs work to make that dream a reality. Read more at https://tinyurl.com/yak2mcwv

 

Home of the Week: Stone Canyon Ranch, an Equestrian Paradise

Just south of Silicon Valley and east of Carmel, one of the premier equestrian ranch properties in the country covers more than 10,000 acres of the pristine San Benito Valley. For an online viewing, go to https://tinyurl.com/y6urortz

 

Real Estate Roundup: More California Home Sellers Cutting Prices This Year

Home price reductions rose in San Jose, San Francisco, and Los Angeles in January. Los Angeles, by the way, ranks as one of America's best cities to tie the knot. Get the lowdown in our latest Real Estate Roundup at https://tinyurl.com/y9cercg7

Weekly Real Estate Update

Posted: January 28, 2019

The Bay Area's 10 Fastest-Appreciating Housing Markets: Q4 2018

For the fourth consecutive quarter, two of Silicon Valley's most affluent communities were among the 10 in the Bay Area to see the most year-over-year home price growth in the final quarter of 2018. Read more athttps://tinyurl.com/yb3jjrzw

 

Los Angeles Homebuyers Should See a More Favorable Market in 2019

After many months of declines, Los Angeles saw housing inventory improve in the fourth quarter. Get a deep dive into the latest market conditions from Compass Chief Economist Selma Hepp, exclusively at https://tinyurl.com/yb9xrnyq

 

California Posted Solid December Employment Growth, Prompting Optimism for 2019

Compass Chief Economist Selma Hepp offers her take on the latest California, Bay Area, and Los Angeles job numbers. Read her expert analysis at https://tinyurl.com/y9o56vd9

 

The Remodeling Projects That Pay California Homeowners Back the Most

Whether you live in the Bay Area's two largest cities or you call Los Angeles home, there's one improvement that is guaranteed to reap returns when the time comes to sell. Find out what it is at https://tinyurl.com/y76yh9fa

 

Real Estate Roundup: Bay Area Tech Firms Pledge Big Bucks to Help Housing Shortage

Facebook plans to raise $500 million to build more affordable housing in Silicon Valley. Also, mortgage rates are holding steady. Check out what's going on in Compass' latest Real Estate Roundup: https://tinyurl.com/ycoxr2q6

 

Home of the Week: Brentwood Canyon-View Contemporary

Set in the coveted hills of Brentwood, this gated estate is a dramatic blend of space, light, and contemporary style. Take a look here: https://tinyurl.com/yctow37m

 

Home of the Week: Grand Sea Cliff Georgian With Golden Gate, Marin Views

Stunning views of the Pacific Ocean, the sweeping Marin Headlands across the Golden Gate, and the windswept Lands End shoreline give this stately residence in San Francisco's Sea Cliff neighborhood a remote and romantic air. See it here: https://tinyurl.com/ychtcdvf

Weekly Real Estate Update

Posted: January 14, 2019

California Housing Markets Continued Cooling in December

The Golden State's largest real estate markets continued their rebalancing act in the final month of 2018, with Silicon Valley posting the nation's largest annual listings increase and steepest price decline. Get the latest statistics at https://tinyurl.com/y9vy9sjw

 

Small Home Price Increase Cuts Out a Large Number of Buyers

A seemingly tiny uptick in home prices can push a much larger number of prospective buyers out of the market, while rising mortgage rates have an even bigger impact. Read more at https://tinyurl.com/y9dqoreg

 

What Are the Most Expensive Neighborhoods in Los Angeles and San Francisco?

Although buying a home in San Francisco is certainly an expensive proposition, two neighborhoods in Los Angeles had eight-figure median prices in 2018. Get details at https://tinyurl.com/ya7w2thx

 

Which Home-Remodeling Project Do Owners Most Regret Doing Themselves?

Taking a do-it-yourself approach to home improvements can save owners a significant amount of money and give them a sense of accomplishment, but those who do not have much remodeling experience should likely expect at least one misfire along the way. Read more at https://tinyurl.com/ybfjbcaj

 

Real Estate Roundup: California Leads the Nation for Big Cash-Out Refinances

Many Californians with high-dollar mortgages are refinancing them for cash. Also: San Francisco ranks as one of America's best cities for staying in shape. Read all about it in Compass' latest Real Estate Roundup, available at https://tinyurl.com/yd6ub2r8

 

Home of the Week: 3-Story Penthouse Above Picturesque Santana Row

Set in the heart of Silicon Valley, this opulent residence overlooks the European village-style Santana Row district, the destination for upscale shopping, fine dining, and exciting nightlife in San Jose. Check it out at https://tinyurl.com/y74ksge8

 

Home of the Week: New Pacific Palisades Treasure Embrace Classic Details

This multi-level, new-construction Pacific Palisades residence combines classic detailing and quality finishes with an open, contemporary floor plan that invites gatherings large and small. Find out more at https://tinyurl.com/ybtj4dun

Weekly Real Estate Update

Posted: January 7, 2019

U.S., Golden State Home Price Growth Is Expected to Slow in 2019

Rising mortgage rates are reducing housing affordability and cooling buyer demand, which should cause price appreciation to moderate in the coming year. Get details at https://tinyurl.com/yd2e47ur

 

More Good News About DIY Home Remodeling

Two months ago, a survey found the homeowners who are willing to undertake home-renovation jobs themselves could save up to $20,000, and now another poll shows that a do-it-yourself attitude can also lead to more satisfaction with the project. Read more at https://tinyurl.com/y7zllmsc

 

Real Estate Roundup: San Francisco Is One of America's Best Cities for Telecommuters

Two Bay Area cities are among the nation's 10 best for working remotely. Also: Mortgage rates rang in the new year by declining. Check out these and other stories of note in Compass' inaugural Real Estate Roundup of 2019:  https://tinyurl.com/y7elvj8t

 

Home of the Week: Three-Story Penthouse Above Picturesque Santana Row

Set in the heart of Silicon Valley, this opulent residence overlooks the European village-style Santana Row district, San Jose's destination for upscale shopping, fine dining, and exciting nightlife. Check it out at https://tinyurl.com/y74ksge8

Weekly Real Estate Update

Posted: January 2, 2019

Wage Growth Is Outpacing Home Price Growth in Major Bay Area Job Centers

Although major California housing markets remain far less affordable than the U.S. average, incomes are finally growing faster than housing prices in the Bay Area's biggest job markets. Details are available athttps://tinyurl.com/yb3t6sqq

 

Homebuyers Equally Rely on the Internet and Real Estate Professionals

More than nine in 10 homebuyers employed the Internet at some point in their search process, and a near equal amount counted on the expertise of a skilled real estate professional to seal the deal. Read more athttps://tinyurl.com/ybzvunyf

 

U.S. Homebuyer Confidence Dropped in the Second Half of 2018

Although nearly two-thirds of Americans think that now is a good time to purchase a home, buyer optimism about the housing market is at its lowest point in three years despite Americans' mostly positive outlook on the economy. Get the full story at https://tinyurl.com/y76577an

Weekly Real Estate Update

Posted: December 27, 2018

A Look at California's November Jobs, The Fed’s Interest-Rate Decision, and the State's Population Growth

Compass Chief Economist Selma Hepp offers an analysis of California's November job numbers, as well as thoughts on the Federal Reserve's recent decision to raise interest rates. You’ll find it exclusively at https://tinyurl.com/ycq6blyk

 

 

What Are First-Time Homebuyers' Biggest Regrets?

Anyone who is shopping for a home for the first time likely feels some apprehension, but learning from the mistakes of other real estate newbies can help buyers make better decisions. Read more at https://tinyurl.com/yd7f9bwa

 

California Homebuyers See More Favorable Market Conditions in November

Golden State housing inventory again improved in November while price appreciation continued to moderate, finally presenting more promising prospects for buyers who have been shut out of the market. Details are available at https://tinyurl.com/ydz4a659

 

Survey: Few Millennial Renters Plan to Buy Homes in 2019

Yet another poll has confirmed that millennials are keen on homeownership, but only a small percentage of them plan to enter the real estate market in the coming year. For more information, head to https://tinyurl.com/y7bqphfs

 

Community Giving Fund Honors 12 L.A. Charities

The Pacific Union International L.A. community celebrated an evening of festivities and generosity at the company holiday party at the Petersen Automotive Museum, honoring 12 local charities selected by the Community Giving Fund. Details are available at https://tinyurl.com/y9bdgep9

 

San Francisco: America's Best City for Keeping New Year's Resolutions

New Year's resolutions are easy to set but not always so easy to keep. But if you live in San Francisco, you stand a better shot than you do anywhere else in the country. Read more at https://tinyurl.com/ycejatnm

 

Compass Opens Los Angeles’ Most Community- and Architecture-Centric Real Estate Office

More of a community outpost than traditional office, the innovatively designed space of our newest office is located in the 1920s Keystone Building in Larchmont Village. Take a look here: https://tinyurl.com/ycorhjvv

Weekly Real Estate Update

Posted: December 17, 2018

Bay Area Housing Inventory Again Posted a Solid Increase in November

Good news for Bay Area home shoppers: Inventory was up by nearly 30 percent on an annual basis in November. Compass Chief Economist Selma Hepp weighs in on the latest local housing market trends. You'll find her report exclusively at https://tinyurl.com/ycdtzd8u

 

Compass' November 2018 Real Estate Update

Four Bay Area housing markets saw inventory increase substantially in November from one year earlier. Get a handle on the latest market data in Compass' November 2018 Real Estate Update. You’ll find it athttps://tinyurl.com/y9rpcn2p

 

Bay Area Cities Dominate List of California's Best Job Markets

California's unemployment rate remained at a record-low 4.1 percent in October, and there's nowhere better in the state to find a new job as 2018 nears its end than in the thriving Bay Area. Read more at https://tinyurl.com/y8o3v3f7

 

What Are Silicon Valley's Highest-Paying and Most In-Demand Tech Jobs?

Tech-job openings in Silicon Valley have risen by more than 10 percent year over year in 2018, and while engineers are some of the industry's best-compensated workers in the region, they do not take home the largest salaries. Details are available at https://tinyurl.com/yaujy85z

 

Home of the Week:  Bel Air Masterwork With Sweeping Views

Check out this ultramodern masterpiece in Bel Air at https://tinyurl.com/y9cftwwx

 

Real Estate Roundup: Californians Are Still Placing the Nation's Largest Down Payments

San Jose, San Francisco, and Los Angeles homebuyers dropped the largest down payments in the nation in the third quarter. Find out how much, plus get more housing news in Compass' latest weekly Real Estate Roundup. It’s available at https://tinyurl.com/y9h3na6t

Weekly Real Estate Update

Posted: December 10, 2018

Wine Country Housing Markets: One Year After the Wildfires

Compass Chief Economist Selma Hepp examines how last October's wildfires have affected housing market activity in the Wine Country. You’ll find her analysis exclusively at https://tinyurl.com/yddwubz6

 

Shopping for a California Home? Here's How Long It Might Take.

Golden State residents who aspire to homeownership should expect to search for at least two months, while house hunters in the Bay Area will likely be looking for even longer. For details, go to https://tinyurl.com/y9r9cdj2

 

Most California Renters Want to Own a Home

Even with limited affordability conditions, homeownership is still a cornerstone of the California dream, with 80 percent of renters in the state aspiring to purchase real estate. Read more at https://tinyurl.com/ya9abs4j

 

Bay Area City Ranks as America's Best for "Wallet Fitness"

Buying a home in the Bay Area is an expensive proposition these days, so it makes sense that residents of three local cities are among the top five in the country for financial savvy. Find the latest data at https://tinyurl.com/ycvy79gf

 

Home of the Week: Russian Hill Estate May Set New San Francisco Price Record

A unique compound on two hillside lots at 950 Lombard St. in San Francisco's Russian Hill could break the record set earlier this year for a lavish urban penthouse that sold for $38 million. https://tinyurl.com/y7duuco7

 

Home of the Week: Sweeping New Masterpiece in Mandeville Canyon

Expansive, light-washed spaces and softly glowing woods combine to beautiful effect in this new, gated Los Angeles estate at 2333 Mandeville Canyon Road. https://tinyurl.com/yb5pkto9

 

Real Estate Roundup: California Again Leads the Nation for Home-Equity Gains

California homeowners built up more than $35,000 in equity, on average, over the past year. Also: Buyers of new homes in the state will soon get mandatory solar panels as part of the package. Get the lowdown in Compass' latest Real Estate Roundup at https://tinyurl.com/y7a3ftut