Nick's Blog

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

Weekly Real Estate Update

Posted: November 19, 2018

Bay Area Affordable Housing Inventory Jumps in October, With Few Takers

Although Bay Area home sales dipped from last October, they improved markedly from the previous month. Compass Chief Economist Selma Hepp offers an in-depth analysis of the latest housing market conditions. You'll find it exclusively athttps://pacunion.us/2S5xQDj

 

California Home Listings Rose for the Seventh Straight Month in October

The Golden State got another welcome housing inventory boost in October, with most Bay Area counties and Los Angeles posting annual improvements. Read more athttps://pacunion.us/2BcczlC

 

The U.S. Housing Market: Despite a Demographic Push, Proceed With Caution

What's in store for U.S. and California housing markets over the next three years? Pacific Union Chief Economist Selma Hepp offers highlights of an annual forecast from John Burns Real Estate Consulting. You’ll find it exclusively at https://pacunion.us/2zf8USV

 

How You Can Help Those Affected by the California Wildfires

All of us at Pacific Union and Compass would like to extend our sincere condolences to everyone affected by the Camp Fire in Northern California and the Woolsey Fire in Southern California. Here are some ways that you can help:https://pacunion.us/2BaNxDC

 

California Home Sales Plunged in September

September home sales in the Golden State fell to an 11-year low for that particular month, though a lack of buyer demand was not the culprit. Details are online athttps://pacunion.us/2PUJVO8

Weekly Real Estate Update

Posted: November 12, 2018

Bay Area Home Prices Are Growing at More Than Twice the National Rate

Although U.S. and Bay Area home price growth moderated from the second quarter to the third quarter, appreciation in the latter region's two largest cities continued to outpace the national rate. Get the latest facts and figures at https://pacunion.us/2JMxD56

 

Silicon Valley Claims the Nation's Top 5 Neighborhoods for Equity-Rich Homeowners

San Jose, San Francisco, and Los Angeles again had the most equity-rich homeowners in America in the third quarter, with nearly 90 percent of properties in one Silicon Valley community classified as such. For details, go to https://pacunion.us/2DekjVU

 

How Long Will a Home Purchase Impact Californians' Credit Scores?

San Francisco homebuyers have some of the best credit scores in the country, but they also face one of the longest roads to recovery after completing their real estate purchase. Read more at https://pacunion.us/2yVskMi

 

Bay Area Households Are the Nation's Best at Sticking to a Budget

Although San Jose and San Francisco were once again the nation's two most expensive housing markets in the third quarter, residents of those cities have their borrowing habits very much under control. More details are available at https://pacunion.us/2RGsw96

 

Real Estate Roundup: More Evidence That Generation Z Will Become Active Homebuyers

Generation Z are so serious about homeownership that they are twice as likely to start saving money earlier than previous generations. Also: Mortgage rates have again reached the highest point since 2011. Check out what's going down in the housing world in Pacific Union's latest Real Estate Roundup, available at https://pacunion.us/2z49Ida

Weekly Real Estate Update

Posted: November 5, 2018

Bay Area Housing Markets Got Spooked in September

Bay Area housing inventory again improved on an annual basis in September, though the region saw home sales decline by 20 percent. Pacific Union Chief Economist Selma Hepp takes a look at the latest market conditions. You’ll find her analysis exclusively at https://pacunion.us/2RkkG4O

 

California Housing Affordability Inches Up in the Third Quarter

Homes in California and the nine-county Bay Area were slightly more affordable than they were in the second quarter, though less than one-third of households meet the minimum income requirements to qualify for a mortgage. Meanwhile, affordability conditions in Los Angeles County trended in the opposite direction. Get the latest numbers at https://pacunion.us/2yLK50A

 

Bay Area Cities Rank Among the Nation's Best Small and Midsize U.S. Places to Live in 2018

Despite the Bay Area's top-dollar cost of living, the region's rapid home price appreciation and booming economy have helped land a handful of local cities on lists of the best places to live in America. Read more at https://pacunion.us/2yKefRC

 

Down Payments Rise, First-Time Homebuyer Activity Falls in 2018

U.S. homebuyers are dropping the largest down payments in 13 years in 2018, while student debt and deteriorating affordability continue to hinder more younger Americans from entering the real estate market. Read more at https://pacunion.us/2AN2eMY

 

Real Estate Roundup: U.S. Homebuyers Love Their Patios

Nearly 60 percent of newly constructed homes come with patios. Also: The best two American cities for tech workers are located nearly 3,000 miles from the Bay Area. Get quick takeaways from the latest housing headlines in Pacific Union's weekly Real Estate Roundup, available at https://pacunion.us/2PBtUwv

Weekly Real Estate Update

Posted: October 29, 2018

California Housing Inventory Near a 3-Year High in September

Although the Golden State's tight housing supply situation improved again in September, rising mortgage rates and buyer sentiment that the market may be topping out conspired to hold back home sales. Read more athttps://pacunion.us/2EEZepN

 

The Bay Area's 10 Fastest-Paced Housing Markets: Q3 2018

Buyers in East Bay and Silicon Valley communities snapped up homes quickly in the third quarter, although the Bay Area's fastest-moving market is a Contra Costa County city. Check out our latest analysis of the region's quickest-paced real estate markets. You’ll find it exclusively at https://pacunion.us/2yw4Z3M

 

San Jose, San Francisco Home Price Gains Accelerate in the Third Quarter

Nationwide, annual home price growth was the slowest in more than two years in the third quarter, but the Bay Area's two largest housing markets countered that trend, with appreciation higher than it was at the same time last year. For details, go to https://pacunion.us/2JkkIHc

 

Americans' Credit Scores Improve as They Age

Back in the summer, an Experian study found that 61 percent of millennials lack a prime homebuying credit score, and now another report highlights how less-than-stellar credit ratings may be hindering more members of that generation from purchasing real estate. Read more on Pacific Union’s blog: https://pacunion.us/2ELzkRn

 

Real Estate Roundup: Most Americans Like Their Neighbors

Three-quarters of Americans are happy with their neighbors. Also: In California, most residents blame the housing affordability crunch on a somewhat surprising culprit. Stay up to date with the most compelling headlines in Pacific Union's latest weekly Real Estate Roundup, available at https://pacunion.us/2PqbI8Y