Nick's Blog

Weekly Real Estate Update

Posted: January 15, 2018

 

Would You Sell Your Home for Bitcoins?

Pacific Union Chief Economist Selma Hepp breaks down cryptocurrency technology and how it currently fits into the real estate market. Her analysis can be found exclusively athttp://pacunion.us/2DaBxno

 

Where Are Bay Area Homes Selling the Fastest?

Although some home shoppers took the holidays off, others were out in force, with homes selling in as few as seven days in one East Bay city. Check out the Bay Area's 10 fastest-moving housing markets in December at http://pacunion.us/2CKELdF

 

San Francisco Homeowners Spend Big on Kitchen Remodels

Last fall, a survey found that San Francisco homeowners spend the most money in the U.S. when remodeling their homes' master bathrooms, and it turns out that the same trend applies to kitchens. Read more at http://pacunion.us/2CQQ3gr

 

Real Estate Roundup: Bay Area Cities Are Among Top U.S. Spots for Coffee Drinkers

The Bay Area places three cities on a list of the nation's top 10 spots for coffee aficionados. Also, down-payment assistance may be the company benefit of the future. Get the latest headlines of interest in Pacific Union's weekly Real Estate Roundup. It’s online at http://pacunion.us/2DcrcHk

Would You Sell Your Home for Bitcoins?

Pacific Union Chief Economist Selma Hepp breaks down cryptocurrency technology and how it currently fits into the real estate market. Her analysis can be found exclusively athttp://pacunion.us/2DaBxno

 

Where Are Bay Area Homes Selling the Fastest?

Although some home shoppers took the holidays off, others were out in force, with homes selling in as few as seven days in one East Bay city. Check out the Bay Area's 10 fastest-moving housing markets in December at http://pacunion.us/2CKELdF

 

San Francisco Homeowners Spend Big on Kitchen Remodels

Last fall, a survey found that San Francisco homeowners spend the most money in the U.S. when remodeling their homes' master bathrooms, and it turns out that the same trend applies to kitchens. Read more at http://pacunion.us/2CQQ3gr

 

Real Estate Roundup: Bay Area Cities Are Among Top U.S. Spots for Coffee Drinkers

The Bay Area places three cities on a list of the nation's top 10 spots for coffee aficionados. Also, down-payment assistance may be the company benefit of the future. Get the latest headlines of interest in Pacific Union's weekly Real Estate Roundup. It’s online at http://pacunion.us/2DcrcHk

Weekly Real Estate Update

Posted: January 8, 2018

Pacific Union Rebrands a Trio of Los Angeles Brokerages

Pacific Union is proud to announce that we have launched our brand in the greater Los Angeles region, making us the No. 1 independent residential real estate brokerage in the state and the ultimate California real estate company. Read more at http://pacunion.us/2CitUHJ

 

California, Bay Area Home Price Growth Continues to Outpace U.S. Rate

While U.S. home price appreciation is expected to moderate in the coming year, price growth in California should increase slightly, putting it at double the national rate by the end of 2018. Get the numbers at http://pacunion.us/2CFUH44

 

What to Do When an Earthquake Strikes? Drop, Cover, and Hold On.

What should you do during those scary moments when a big earthquake strikes? And what should you do when it's over? Here is some smart advice from the Earthquake Country Alliance: http://pacunion.us/2CvtU7q

 

Real Estate Roundup: Peace of Mind Is the Biggest Benefit of Smart-Home Technologies

Americans are most likely to adopt the latest home technologies when receiving them as a gift, while economists are hopeful that an uptick in construction employment will help alleviate the country's inventory drought. Check out the week's most important housing headlines in Pacific Union's latest Real Estate Roundup. It’s online athttp://pacunion.us/2Cxl1KC

Weekly Real Estate Update

Posted: January 2, 2018

Eight Housing Market Predictions for 2018

Pacific Union Chief Economist Selma Hepp offers her predictions on where the U.S. housing market is headed this year. You’ll find them exclusively at http://pacunion.us/2BIts57

 

Silicon Valley Leads the U.S. for Monthly and Annual Home Price Growth

The Bay Area's high-octane economy continues to fuel intense demand for housing, as San Jose posts the highest rate of appreciation of any major U.S. city and prices climb to a new high. Read more at http://pacunion.us/2CfpkNB

 

Earthquake Insurance in California: The Basics

A cluster of small earthquakes that recently rattled the Bay Area helped remind us that we live on unstable ground. Check out our quick earthquake-insurance primer athttp://pacunion.us/2BRsWSt

 

Real Estate Roundup: Bay Area Home Prices Again Reach New All-Time High

For the second time in 2017, Bay Area home prices reached a new all-time high in November, while Napa begins 2018 ranked as one of the best U.S. cities for staying fit. Kick of the new year with the latest housing headlines of interest in Pacific Union's Real Estate Roundup. It’s online at http://pacunion.us/2CbHdK9

Weekly Real Estate Update

Posted: January 2, 2018

Bay Area Housing Inventory Further Tightens in November

Stubbornly low supply conditions did not improve in California or the Bay Area on an annual basis in November, pushing prices up by double-digit percentage points in six local counties. For details, go to http://pacunion.us/2BKfnYg

 

U.S., Bay Area Real Estate Markets Remain Scorching in November

The thriving U.S. economy pushed home sales to the highest pace in more than a decade in November, with Bay Area cities once again topping the list of the country's hottest real estate markets. Read more at http://pacunion.us/2BYXPIh

 

Both Younger and Older Americans Prefer Walkable Neighborhoods

More than half of millennials and older adults prefer neighborhoods that allow them to walk to amenities such as restaurants and shops, and they are willing to spend more money on housing to live in such communities. Get the full story at http://pacunion.us/2B7IktG

 

Pacific Union's California Regional Real Estate Forecasts to 2020

Following our two live November events, Pacific Union has produced six exclusive regional real estate and economic forecasts to 2020 for the Bay Area and Los Angeles County in partnership with John Burns Real Estate Consulting. You’ll find them at http://pacunion.us/2BWWW2M

 

Real Estate Roundup: California Dominates 2017 List of Top-Performing Housing Markets

A Bay Area suburb has been named 2017's hottest residential real estate market, while Google has plans to bring plenty more workers to Silicon Valley. Get your post-holiday housing news fix in Pacific Union's latest Real Estate Roundup. It’s online at http://pacunion.us/2BEtr2i

Weekly Real Estate Update

Posted: December 19, 2017

Final Version of Tax Reform Is Still Detrimental for California Housing Markets

Republicans in Congress offered their final version of tax changes, which are only slightly more favorable to homeowners and homebuyers than the initial version. Pacific Union Chief Economist Selma Hepp offers her perspective on the development. Read it exclusively at http://pacunion.us/2zf6hR9

 

Bay Area Home Prices Soar in November

The median sales price in the Bay Area was up by double-digit percentage points year over year in November. Get a deep dive into the latest market conditions in an analysis by Pacific Union Chief Economist Selma Hepp. It’s online at http://pacunion.us/2z2KZq7

 

Wine Country Home Sales Show Strength in November

How did Wine Country real estate markets behave in the aftermath of October's devastating wildfires? Pacific Union Chief Economist Selma Hepp digs into the latest market statistics for Napa, Sonoma, and Marin counties. Read her exclusive analysis here: http://pacunion.us/2zaug43

 

Pacific Union Joins Forces With Los Angeles-Based Gibson International

Pacific Union is pleased to announce that we've united with Los Angeles-based brokerage Gibson International, the next step on our journey to becoming the ultimate California company. Read more at http://pacunion.us/2AcrysJ

 

Bay Area Homebuyers Still Lead the Nation for Down-Payment Size

The average U.S. down-payment size reached a new high in the third quarter, with Silicon Valley homebuyers putting down 12 times the national amount. For details, go online tohttp://pacunion.us/2ArphKE

 

California, Bay Area Mortgage Delinquencies Continue to Drop

The economic fundamentals that fuel mortgage performance are at their healthiest levels in two decades, causing delinquency rates to fall nationwide, in the Golden State, and across the Bay Area. Details are at http://pacunion.us/2zcSbjc

 

Real Estate Roundup: Silicon Valley Tech Giants Named Among Best Workplaces 10 Years Running

Amazon.com is snapping up office space in Silicon Valley, which should continue to fuel intense demand for real estate in the inventory-starved region. Get the latest headlines of note in Pacific Union's latest Real Estate Roundup. It’s online at http://pacunion.us/2Azrzr9

Weekly Real Estate Update

Posted: December 6, 2017

Key Takeaways From Pacific Union’s Los Angeles Real Estate and Economic Forecast to 2020

Pacific Union Chief Economist Selma Hepp offers a wrap-up of key points discussed at our first-ever Los Angeles Real Estate and Economic Forecast to 2020, which was held on Nov. 29 at the Skirball Cultural Center. You’ll find it online exclusively at http://pacunion.us/2iujnVm

 

U.S. Housing Inventory Crunch to Ease in 2018, Forecast Says

More homes should hit the market next year, causing appreciation to slow, although price growth in the Bay Area's two largest metropolitan areas is projected to outstrip the national rate. Get the latest data at http://pacunion.us/2AvMRJt

 

Bay Area Claims Four of the Five Priciest U.S. Real Estate Markets in 2017

In what will come as little surprise to anyone who regularly follows Bay Area real estate, four local communities rank among the most expensive housing markets in the country this year. Details are at http://pacunion.us/2irBZ8o

 

California, Bay Area Pending Home Sales Once Again Slip in October

Pending home sales continued their skid in California and the Bay Area in October due to shrinking inventory, with the state's eroding affordability conditions remaining real estate professionals' chief concern. For more information, go to http://pacunion.us/2nbAaOo

 

Real Estate Roundup: Bay Area Cities Are Among the Nation's Most Recession-Recovered

Oakland, San Jose, and Fremont are among the nation's most recovered cities from the Great Recession, and the latter's economy will get a boost from Facebook's expansion. Get the latest housing headlines of note in Pacific Union's Real Estate Roundup. It’s online at http://pacunion.us/2AzrOFF

Weekly Real Estate Update

Posted: November 27, 2017

Home Prices Rise in More Than 90 Percent of California Counties in October

An insufficient supply of homes to meet buyer demand pushed up home prices in most California real estate markets in October, with the nine-county Bay Area posting its second straight month of double-digit percent annual gains. Get the details at http://pacunion.us/2zZwCnF

 

California Continues to Boost Employment in October

Pacific Union Chief Economist Selma Hepp examines October's job numbers in California, the Bay Area, and Los Angeles County. Her analysis is online exclusively athttp://pacunion.us/2mKJubI

 

California Housing Affordability Falls to Decade Low in Third Quarter

Inventory shortages continue to drive up Golden State home prices, further reducing the number of households that can afford to purchase a home. Here in the Bay Area, affordability improved slightly from the second quarter, though four local counties have the most difficult conditions in the state. Read more at http://pacunion.us/2mSPgbx

Weekly Real Estate Update

Posted: November 20, 2017

Key Takeaways From Pacific Union's Real Estate and Economic Forecast to 2020

Pacific Union Chief Economist Selma Hepp offers a wrap-up of key points discussed at our exclusive Bay Area Real Estate and Economic Forecast to 2020, which was held Nov. 15 in San Francisco. Read her summary at http://pacunion.us/2mybkrD

 

Pacific Union's Mark McLaughlin Named One of the Bay Area's Most-Admired CEOs

Pacific Union is honored to announce that CEO Mark A. McLaughlin has been named one of the most-admired company leaders in the Bay Area. Read more athttp://pacunion.us/2zJuzEe

 

Home Prices Return to Prerecession Levels in Two-Thirds of U.S. Metro Areas

Although current housing market conditions may be reminiscent of the period leading up to the Great Recession, an excellent job market and stricter lending standards should prevent another bubble from forming. Read more at http://pacunion.us/2msOwK0

 

Real Estate Roundup: More Than Half of Bay Area Homeowners Are Now Equity-Rich

San Jose and San Francisco once again had the most equity-rich homeowners in the U.S. in the third quarter. In other news, lenders think more first-time homebuyers will enter the market next year with the help of low-down-payment mortgages. Get these and other hot housing headlines in Pacific Union's weekly Real Estate Roundup. It’s online at http://pacunion.us/2mHcWQb

Weekly Real Estate Update

Posted: November 14, 2017

Pacific Union's October 2017 Real Estate Update

The median sales price rose year over year in October in all Bay Area regions in which Pacific Union operates, the result of continued buyer demand amid tight supply conditions. Stay current with the latest local real estate market conditions in Pacific Union's October Real Estate Update. You’ll find it exclusively at http://pacunion.us/2zpE0rZ

 

First-Time and Bay Area Homebuyers Have Much to Lose From Proposed Tax Changes

The proposed tax reforms are a serious concern for the Bay Area homebuyers and the future of the housing market. Pacific Union Chief Economist Selma Hepp offers her expert perspective on the potential impacts of the changes. It’s on Pacific Union's blog at http://pacunion.us/2zpGLK6

 

Are We in the Midst of a Housing Bubble? Freddie Mac Offers Some Reassuring Words.

Freddie Mac crunched the numbers and concluded "there currently is no house price bubble in the U.S." And yes, that includes the Bay Area. Details are at http://pacunion.us/2mnZkJ9

 

Pacific Union and Empire Realty Associates Are Now the No. 1 Luxury Brokerage in Contra Costa County

Pacific Union Chief Economist Selma Hepp examines the brokerage's growth in Contra Costa County following its acquisition of Danville-based Empire Realty Associates. Read more at http://pacunion.us/2mgwBpU

 

Silicon Valley Posts Nation's Largest Annual Home Price Gain

Strong homebuyer demand and insufficient inventory once again drove appreciation in more than 90 percent of U.S. markets in the third quarter, with prices in the San Jose metro area growing at more than three times the national rate. For details, go to http://pacunion.us/2ziwX4v

 

Real Estate Roundup: Bay Area Tech Hubs Are Among the Nation's Best for Income Growth

Oakland, San Jose, and San Francisco workers saw some of the largest income gains last year. And San Francisco no longer ranks as the country's least-affordable housing market. Peruse the latest housing market headlines in Pacific Union's weekly Real Estate Roundup. It’s online at http://pacunion.us/2zsY7FQ

Weekly Real Estate Update

Posted: November 6, 2017

 

How Can You Help the Wine Country Recover? Come Visit.

Pacific Union Sonoma Valley Regional Executive and Vice President of Relocation Services Jill Silvas offers her firsthand perspective on the aftermath of the Wine Country wildfires. Read it online at http://pacunion.us/2z0TrHd

 

U.S. Median Home Price Again Hits New High

The national median sales price ascended to another all-time peak in the third quarter, with Bay Area sellers again enjoying the highest profits. For the latest facts and figures, go tohttp://pacunion.us/2lJMS6c

 

Challenging Market Conditions Hold Back First-Time Homebuyer Activity

Although mortgage rates remain favorable and the U.S. job market is chugging right along, tight affordability conditions and student debt are among the factors preventing more first-time buyers from diving in to the housing market. Read more at http://pacunion.us/2z39vYJ

 

U.S. Homeownership Rate Inches Up

The national homeownership rate improved slightly in the third quarter but remains below its long-term average due to inventory shortages. Details are online athttp://pacunion.us/2z8Ix28

 

Real Estate Roundup: East Bay City Named One of the Nation's Most Livable

An Alameda County city moves up the rankings of the nation's most livable cities, while California remains a popular destination for out-of-state movers. Take a look at the latest housing headlines of note in Pacific Union's latest weekly Real Estate Roundup. It’s online at http://pacunion.us/2lNLi3e