Nick's Blog

Weekly Real Estate Update

Posted: August 20, 2018

Pacific Union Launches Private View™ in Northern California

Pacific Union is pleased to share the news that we have launched Private View™ in Northern California, an exclusive Web portal that enables both buyers and sellers to privately view listings before they are widely marketed to the public. Explore the platform here: http://pacificunion.com/privateview

 

Finally, More Bay Area Housing Inventory Arrives After 16 Months of Declines

The number of homes for sale in the Bay Area improved slightly year over year in July, though prices continued to show strong gains. Pacific Union Chief Economist Selma Hepp breaks down the latest market data in a new, in-depth analysis. You’ll find it exclusively at https://pacunion.us/2Bdb3Ss

 

Please Donate to the Hakimi, Ghanadan, and Shepherd Families

Please consider donating to funds that Pacific Union has established to benefit the families of our colleagues lost in an Aug. 5 plane crash in Southern California. Details are online athttps://pacunion.us/2vICaj1

 

17 Pacific Union Professionals and Teams Named Among the Bay Area's Best

Pacific Union would like to extend hearty and well-deserved congratulations to 17 of our real estate professionals and teams for being named among the Bay Area's most productive in 2017. Read more at https://pacunion.us/2L4Rewe

 

More Than One-Third of America's Fastest-Growing Luxury Housing Markets Are in California

Santa Clara, San Mateo, Sonoma, and Marin counties rank among the nation's 20 luxury housing markets with the highest annual price growth. For details, go to https://pacunion.us/2MtfAV7

Weekly Real Estate Update

Posted: August 14, 2018

Pacific Union's July 2018 Real Estate Update

Single-family home prices in San Francisco and Silicon Valley were up by nearly 20 percent year over year in July. Dive into the latest Bay Area real estate market data in Pacific Union's July 2018 monthly market update. You’ll find it exclusively at https://pacunion.us/2KH5POl

 

California Housing Affordability Drops to 10-Year Low in the Second Quarter

The number of Golden State residents who could afford to purchase a home declined in the most recently completed quarter, with more than 80 percent of counties less affordable than they were one year ago. Details are available at https://pacunion.us/2KH1zOy

 

Rising Home Prices, Mortgage Rates Cause California Sales to Slow This Summer

Home price growth in California, the Bay Area, and Los Angeles, outpaced the national rate in June, further hampering affordability and keeping a lid on sales activity. Read more at https://pacunion.us/2KCFGzS

 

Pacific Union's Nick Segal and Aaron Kirman Named to List of Los Angeles Influencers

Pacific Union is proud to announce that Nick Segal, president, Southern California and Aaron Kirman, president, Estates Division, have been named to the Los Angeles Business Journal LA500, a list of the region's most influential business leaders in 2018. Read more at https://pacunion.us/2OscZZ3

 

Real Estate Roundup: Most Buyers Prioritize Pets When Home Shopping

Seventy-five percent of Americans will not buy their dream home if it does not suit their pets' needs, while a prominent industry expert calls the possibility of a housing market crash near zero. Check out the latest stories of interest in Pacific Union's weekly Real Estate Roundup. It’s online at https://pacunion.us/2vG5Ih5

Weekly Real Estate Update

Posted: July 24, 2018

Pacific Union Quarterly Report: Q2 2018

Home prices increased year over year in the second quarter in every Northern California region in which Pacific Union operates. Get all the latest market data you need to make an informed homebuying or selling decision in Pacific Union's Q2 2018 real estate report, which includes expert commentary from Chief Economist Selma Hepp. You’ll find it exclusively at https://pacunion.us/2zK9fj9

 

Are Bay Area Housing Markets Getting the Jitters? June's Median Price Growth Does Not Suggest So.

Bay Area home prices rose by 16 percent year over year in June, while inventory continued to decline. Pacific Union Chief Economist Selma Hepp offers an in-depth analysis of the latest local home sales activity and market conditions. It’s available at https://pacunion.us/2O4815d

 

Losses of Lower-Paying Jobs Drags Down California's Employment Growth in June

Although California created the fewest number of jobs in June since the recovery began eight years ago, the state's employment picture remains very solid. Pacific Union Chief Economist Selma Hepp offers her take on the latest job-market numbers for California, the Bay Area, and Los Angeles. Look for it at https://pacunion.us/2JDhVHv

 

Homeownership Pays Off More in California Than It Does Anywhere Else in America

The appreciation recorded in the Golden State over the past few years is paying off handsomely for homeowners, though it also means that real estate markets here are among the toughest in the U.S. for first-time buyers. For details, go to https://pacunion.us/2NqvpsB

 

Real Estate Roundup: East Bay City Claims the Nation's Lowest Stress Levels

Two Bay Area cities count among the nation's 10 least stressed-out. Also: Owners who sell their homes themselves are leaving a significant amount of money on the table. Get the lowdown on these and other top stories in Pacific Union's weekly Real Estate Roundup, athttps://pacunion.us/2LFrGXr

Weekly Real Estate Update

Posted: June 11, 2018

Pacific Union's May 2018 Real Estate Update

Homebuyer demand remained strong in May, with properties selling faster than they did one year ago throughout most of the Bay Area. Get all the latest market data you need to know to make an informed homebuying or selling decision in Pacific Union's May 2018 Real Estate Update. You’ll find it exclusively at https://pacunion.us/2sFA69W

 

Homeownership Is the Main Source of Wealth for Americans

June is National Homeownership Month, and with it comes several reminders as to why owning a home is so important for Americans. Read more at https://pacunion.us/2JA8RXW

 

Residents Are Overwhelmingly Happy With Their Homeowner Associations, Survey Finds

Monthly homeowner association dues can be quite an expensive proposition at luxury buildings in cities like San Francisco, but most people who pay them are pleased with the services they receive. For complete survey results, go to https://pacunion.us/2HrKV49

 

As Summer Nears, Homeowners Have Outdoor Parties in Mind

With the official beginning of summer just a couple of weeks away, the high season for backyard barbecues and pool parties will soon arrive, and a significant number of American homeowners are upgrading their outdoor spaces with entertaining guests in mind. Read more at https://pacunion.us/2JeJRGz

 

Real Estate Roundup: California Posts the Nation's Largest First-Quarter Home-Equity Gain

California homeowners gained the most equity in the country in the first quarter. Also, San Francisco has plans to subsidize housing for teachers. Check out the week's top headlines of interest in Pacific Union's latest Real Estate Roundup, available at https://pacunion.us/2JtA92X

Weekly Real Estate Update

Posted: May 29, 2018

Bay Area Cities Rank as Best in the World for Future Momentum

The Bay Area's real estate market and high-performance economy are currently running at full steam and appear poised to carry that momentum over the long term. Get the full story at https://pacunion.us/2J7axbu

 

San Francisco: America's Top Job Market for Movers

Despite the Bay Area's exceptionally high housing costs, the region is the nation's most in-demand job market for workers who are willing to relocate, while Los Angeles is also a popular destination. For details, go online to https://pacunion.us/2s2Kmcb

 

Real Estate Professionals Unanimously Agree on the Importance of Curb Appeal

Homeowners who are willing to invest in standard lawn-care services not only stand the best chance of appealing to buyers when the time comes to sell, but they will also turn a profit when they do. Read more at https://pacunion.us/2IJZwcu

 

Real Estate Roundup: U.S. Homes Are Selling Faster Than Ever This Spring

Homebuyer demand remains vigorous this spring, with properties selling at the fastest rate on record in April. Catch up on the latest housing headlines of note in Pacific Union's latest weekly Real Estate Roundup. It’s online at https://pacunion.us/2GZ2f0d

Weekly Real Estate Update

Posted: May 22, 2018

Bay Area Median Sales Price Tops $1 Million for the First Time Ever in April

Golden State home prices could eclipse their previous peaks within the next few months, while the nine-county Bay Area continued to record double-digit percent appreciation in April, pushing prices just above $1 million. Read more at https://pacunion.us/2IQcgSk

 

California Delivers Record-Setting Unemployment Numbers in April

California's unemployment rate fell to a new record low of 4.2 percent in April, with 39,300 jobs added during the month. California has now gained nearly 3 million jobs since the economic expansion began in February 2010, according to Pacific Union Chief Economist Selma Hepp. You’ll find her analysis exclusively at https://pacunion.us/2GEJnTJ

 

Wage Growth Helps to Slightly Boost California, Bay Area Housing Affordability

California and Bay Area housing affordability inched up quarter over quarter, but the state is home to all 10 of the least-affordable major real estate markets in America. Get the facts at https://pacunion.us/2rNYEME

 

Silicon Valley Home Prices Continue to Skyrocket in the First Quarter

Nine in 10 U.S. metropolitan areas saw annual home price increases in the first quarter of 2018, with Silicon Valley putting up the highest appreciation in the country. For the latest data, go to https://pacunion.us/2rOArXF

 

Oakland Ranks as One of America's Top Five Booming Housing Markets

During the current housing cycle, Oakland has become a hot spot for Bay Area homebuyers who are priced out of San Francisco, so it's hardly surprising that a new study ranks the city as one America's fastest-rising real estate markets. Read more at https://pacunion.us/2IpLWiu

 

Real Estate Roundup: San Francisco Is No. 3 in the World for Billionaires

The Bay Area has more billionaires than almost anywhere on earth, while mortgage rates have climbed to their highest levels in almost seven years. Pacific Union's latest Real Estate Roundup has these stories and more. You’ll find it online at https://pacunion.us/2IEkWHU

Weekly Real Estate Update

Posted: May 14, 2018

Pacific Unions April 2018 Real Estate Update

All Bay Area regions in which Pacific Union operates posted year-over-year median home price increases in April, except Napa County, which saw slight annual depreciation. Get all the latest market data of note in Pacific Union's April 2018 Real Estate Update. You’ll find it exclusively at https://pacunion.us/2KP51bu

 

San Mateo County Overtakes San Francisco for the Highest Bay Area Home Prices in April

The Bay Area's median home sales price neared $1 million in April, with the region once again posting double-digit percent annual appreciation. Get Pacific Union Chief Economist Selma Hepp's in-depth perspective on the latest market data at https://pacunion.us/2rEV60f

 

California Surpasses the U.K. as the Fifth-Largest Global Economy

California's gross domestic product climbed to $2.75 trillion in 2017, moving the state up the list of the world's largest economies. Pacific Union Chief Economist Selma Hepp weighs in on the numbers at https://pacunion.us/2rrL0iY



Labor Shortages, Materials Costs Increases to Drive Up Home-Remodeling Costs

While most American homeowners and prospective buyers probably do not ponder the construction sector on a regular basis, current trends in that industry could affect their wallets in the coming months. Read more at https://pacunion.us/2KfjpIU

 

Real Estate Roundup: Is Now the Best Time Ever to Sell a Home?

More Americans than ever think that now is the right to time to sell a home, while California has officially mandated that all new homes built in the state will have solar-power features. Take a look at the latest housing headlines in Pacific Union's weekly Real Estate Roundup, online at https://pacunion.us/2KmWB9Y

Weekly Real Estate Update

Posted: May 7, 2018

The 10 Bay Area Housing Markets Where Buyers Paid the Most Per Square Foot: Q1 2018

Homebuyers in one Silicon Valley community paid more than $1,600 per square foot in the first quarter.  Find out where square footage currently costs the most in the Bay Area in this exclusive Pacific Union analysis. https://pacunion.us/2rbN9hO

 

U.S. Unemployment Rate Falls to the Lowest Level in Nearly 18 Years in April

The U.S. unemployment rate fell to the lowest level in almost 18 years in April. Pacific Union Chief Economist Selma Hepp breaks down the latest numbers and trends. https://pacunion.us/2ro0yn1

 

Which Small Bay Area Cities Rank Among the Nation's Most Livable in 2018?

For the fifth straight year, a Silicon Valley city ranks among the country's 10 best small to mid-sized places to live. Read more at https://pacunion.us/2rn6VH4

 

California Is the Top U.S. State for Having Fun

While California's booming job market and temperate year-round climate are definitely big draws, the fact that our state is simply a fun place to live cannot be underestimated. Read all about it at https://pacunion.us/2riS0xX

 

San Francisco: America's Best City to Be a Real Estate Professional

Five of the 10 best U.S. cities to be a real estate professional are located here in the Bay Area, thanks to the region's thriving housing market and economy. Get the facts at https://pacunion.us/2reDCY6

 

Real Estate Roundup: Bay Area Homeowners Begin 2018 as the Nation's Most Equity-Rich

Homeowners in Silicon Valley and San Francisco are still America's most equity-rich, while the Federal Reserve chose not to raise interest rates at its most recent meeting. Check out what's happening with the housing market in Pacific Union's weekly Real Estate Roundup. It’s online at https://pacunion.us/2rvV5f1

Weekly Real Estate Update

Posted: April 30, 2018

The Next Three Months Are the Best Time to Sell a Home in California

Home sellers in San Francisco and the Wine Country who hope to receive premiums should consider listing their properties in May, while those in Southern California might want to wait until June. Read more at https://pacunion.us/2r6cB8x

 

California Maintains Record-Low Unemployment Rate in March

While California shed jobs from February to March, the state's unemployment rate remains at the lowest level in more than 40 years. Get Pacific Union Chief Economist Selma Hepp's take on the latest employment numbers. You’ll find her analysis exclusively at https://pacunion.us/2qXmgxX

 

Bay Area Homebuyers Are Rarely Denied Mortgages

Although prospective homebuyers in the Bay Area's two largest cities are among the least likely in America to face mortgage denials, when they do, it is usually for three specific reasons. For details, go to https://pacunion.us/2JtPM6g

 

Silicon Valley Posts the Nation's Largest Home Price Increases, Seller Returns in the First Quarter

Demand for real estate in Silicon Valley showed no signs of abating in the first quarter, with the San Jose metropolitan area putting up the highest home price appreciation in the U.S. and sellers netting profits of more than 100 percent. The latest facts and figures are available at https://pacunion.us/2HZhEzC

 

Real Estate Roundup: California Housing Markets Are No Longer on Top of the Nation's Hot List

The Bay Area's run as the hottest U.S. real estate market has ended – at least temporarily – while housing costs for local first-time buyers have risen significantly over the past year. Get the lowdown on the top housing-market headlines in Pacific Union's weekly Real Estate Roundup. It’s online at https://pacunion.us/2KoXaB7

Weekly Real Estate Update

Posted: April 23, 2018

Pacific Union Quarterly Report: Q1 2018

Inventory was down on an annual basis across most of the Bay Area, pushing home prices up yet again. Get the latest market data and expert commentary from Pacific Union Chief Economist Selma Hepp in our first-quarter real estate report. You'll find it exclusively at https://pacunion.us/2qDPAJP

 

Bay Area Posts Double-Digit Percent Home Price Gains for the Ninth Straight Month

Bay Area home prices have been growing substantially on an annual basis since last summer, with March appreciation the highest yet during the current run. Get the latest data at https://pacunion.us/2vlav9W

 

California Needs More New Homes Than Any Other U.S. State

Over the past decade and a half, more than 20 U.S. states have not built enough homes to meet demand, leading to rising prices and decreased affordability, with California accounting for nearly half of the undersupply. For more information, go to https://pacunion.us/2HMUbld

 

Pacific Union Professionals Give Back With Home For A Home Program

Pacific Union would like to applaud the efforts of Nick Cooper and many of our other Bay Area and Los Angeles real estate professionals for their work helping to build homes where people need them most. Learn more at https://pacunion.us/2vtuB1V

 

Real Estate Roundup: California Homebuyers Face the Nation's Longest Down-Payment Savings Time

Aspiring homeowners in San Francisco will need to save for nearly a decade to amass a 20 percent down payment, while mortgage rates have climbed to a four-year high. Check out the week's most notable housing-market headlines in Pacific Union's Real Estate Roundup. It’s online at https://pacunion.us/2qVDv2P