Nick's Blog

Weekly Real Estate Update

Posted: October 15, 2018

California Home Price Growth to Moderate in 2019, Forecast Says

Golden State home price appreciation is projected to slow to a six-year low in 2019, although rising mortgage rates will reduce affordability even further. Details are on Pacific Union’s blog: https://pacunion.us/2PuJeI1

 

As Mortgage Rates Rise, So Does Mortgage Fraud

Intense demand for U.S. real estate combined with a shortage of homes on the market have caused prices to soar over the past few years, helping to fuel an increase in the number of Americans who are dishonest on their mortgage applications. Read more at https://pacunion.us/2CxSNTr

 

California Claims 6 of the Nation's Top 10 Environmentally Friendly Cities in 2018

For the second year in a row, most of the greenest cities in the U.S. are in California, again reflecting residents' environmentally conscious natures. For more, go to https://pacunion.us/2Pup8NQ

 

San Francisco Ranks as One of America's Top 2 Cities for Foodies

From stunning natural beauty to pleasant year-round weather to unique architecture, San Francisco has a whole lot going for it, not the least of which is the city's fabulous dining scene. Learn more at https://pacunion.us/2CBuXX8

 

Real Estate Roundup: Millennials Prioritize Homeownership Over Marriage and Children

Most millennials think that buying a home is a top priority. Also, mortgage rates are nearing the 5 percent mark. Check out these and other key housing headlines in Pacific Union's latest Real Estate Roundup athttps://pacunion.us/2El8eQP

Weekly Real Estate Update

Posted: October 2, 2018

Proposition 10: Possibly the Worst Approach to California's Current Housing Crisis

Pacific Union Chief Economist Selma Hepp digs into the implications that Proposition 10 – which would repeal the Costa-Hawkins Rental Housing Act – would have on California housing markets. Read her exclusive analysis at https://pacunion.us/2Od6A7F

 

The Number of Americans Who Think Now Is a Good Time to Sell a Home Climbs to Record High

Both the number of Americans who believe that the time is right to sell a home and those who think that the economy is headed in the right direction are at all-time highs as the third quarter ends, though qualifying for a mortgage worries a substantial portion of the population. Details are available at https://pacunion.us/2OgplXv

 

San Francisco Has the Nation's Tightest Housing Supply Conditions

Although inventory has been improving modestly in the Bay Area over the past couple of months, it is still insufficient to meet demand, causing most homes in the San Francisco metropolitan area to sell for premiums this summer. Get the latest data at https://pacunion.us/2Q9MBE5

 

The Home Amenity That Americans Cannot Live Without

While most homebuyers are willing to sacrifice some amenities to gain access to top-performing schools, there are some features that are considered must-haves. Read more at https://pacunion.us/2OOUgYb

 

Real Estate Roundup: East Bay ZIP Code Named Among the Nation's 5 Hottest Real Estate Markets

A relatively affordable ZIP code in Alameda County ranks among the country's hottest real estate markets this year. Meanwhile, mortgage rates have climbed to a seven-year high. Read more in Pacific Union's latest weekly Real Estate Roundup, available at https://pacunion.us/2Iwb2ZJ

Weekly Real Estate Update

Posted: September 26, 2018

California's August Job Gains Are Another Win

August was another solid month for job additions in California, with employers creating 44,800 positions and the unemployment rate remaining at a record low. Get Pacific Union Chief Economist Selma Hepp's take on the latest numbers. You’ll find it exclusively at https://pacunion.us/2puVnBg

 

California Home Listings Improved for the Fifth Straight Month in August

The number of active listings in California rose by more than 15 percent year over year in August, though prices continued to increase in every major region of the state, with the nine-county Bay Area posting the largest gain. Get the latest numbers at https://pacunion.us/2pgrZ1u

 

Which California Neighborhoods Are Millennials Flocking To?

Downtown Los Angeles has seen its millennial population explode over the past few years, while The Castro and Glen Park are the most popular destinations in San Francisco. Details are available at https://pacunion.us/2plVKxX

 

California: America's Most Diverse State in 2018

The United States is a nation that was built on embracing diversity, and nowhere exemplifies this most American of principles more than California. Read more at https://pacunion.us/2pmVNJW

 

Real Estate Roundup: California Claims One-Third of the 20 Fastest-Growing U.S. Luxury Housing Markets

San Mateo and San Francisco counties have the most-expensive luxury home prices in America, while Alameda County's Fremont has once again earned accolades for its family-friendliness. Get the skinny on what's going down in the world of California housing markets in Pacific Union's latest Real Estate Roundup, available at https://pacunion.us/2xAk43u

Weekly Real Estate Update

Posted: September 10, 2018

Strong August U.S. Jobs Growth Suggests That Higher Interest Rates Are Coming

The U.S. economy added jobs for the 95th consecutive month in August. Pacific Union Chief Economist Selma Hepp weighs in on the new numbers. You’ll find her analysis exclusively at https://pacunion.us/2wSi0mm

 

The Bay Area Has the Fewest Underwater Homes in the U.S. in 2018

Homeowners in five Bay Area cities are doing the best in America when it comes to accruing equity, helping to propel a Silicon Valley community to near the top of a list of the country's leading real estate markets. Read more at https://pacunion.us/2Qa06UZ

 

Confident of More Price Growth, Homeowners Are Waiting to Sell

Many homeowners in expensive U.S. markets like the Bay Area are delaying a sale in an attempt to maximize their profits, thereby reducing the number of properties on the market and perpetuating price growth. Details are available at https://pacunion.us/2M04S4k

 

Generation Z Is Poised to Make a Splash in the Housing Market

While millennials represent the largest group of U.S. homebuyers, they can expect the generation behind them to offer stiff competition in the market, with California a preferred destination for both age brackets. Read more at https://pacunion.us/2oNf5ba

 

Real Estate Roundup: East Bay City Ranks Among the Nation's Best for Families

An Alameda County city ranks as one of the top places in America for raising a family, while home flippers in two Oakland ZIP codes netted substantial profits in the second quarter. Keep up to date with the latest housing headlines of interest in Pacific Union's latest Real Estate Roundup at https://pacunion.us/2N4s06S

Weekly Real Estate Update

Posted: September 4, 2018

Pacific Union Joins Compass

Pacific Union is pleased to share the news that our firm has joined Compass, a real estate technology company that operates in more than 30 regions throughout the U.S. Read all about it here:https://pacunion.us/2MZErA1

 

Survey: Most Homebuyers Want an All-Digital Mortgage Process

Most people shopping for a home loan would prefer to avoid mountains of paperwork, and Fannie Mae has plans to bring the mortgage-application process into the digital age. Find details here: https://pacunion.us/2PkWMFg

 

No Reason to Fear a Housing Market Downturn, Another Report Says

The U.S. housing market does not appear to be headed for another crash, though a lack of affordability remains problematic, both nationwide and in California. Get the latest market intelligence here: https://pacunion.us/2LFS42Q

 

First-Time Buyers Score Nearly 1 Million Homes in 2018

Though first-time homebuyers face multiple challenges in today's housing market – including rising interest rates, strong appreciation, and critically low inventory levels – that group was busier than it has been in 13 years in the first half of this year. Read more at https://pacunion.us/2N2kWqM

 

Real Estate Roundup: Most New California Homes Have Smart Features

More than three-quarters of new homes in both Northern and Southern California come equipped with the latest and greatest technologies. And one San Francisco neighborhood is being called the hottest in the country. See what's shaking in the housing world in Pacific Union's latest Real Estate Roundup, available athttps://pacunion.us/2wFhs4e

Weekly Real Estate Update

Posted: August 27, 2018

The Bay Area's Fastest-Paced Housing Markets: Q2 2018

Homes in one San Mateo County city flew off the market in less than two weeks in the second quarter. Find out where Bay Area homebuyers need to act the fastest to successfully seal a deal at https://pacunion.us/2LpdReW

 

Bay Area Posts Double-Digit Percent Home Price Gains for the 13th Straight Month in July

The nine-county Bay Area continued to record substantial year-over-year price gains in July, further shutting out more buyers and causing sales activity to spike in some of the region's relatively more affordable markets. Read more at https://pacunion.us/2nXN68a

 

U.S. Home Prices Again Reach New Peak in the Second Quarter

Home prices increased in nine of 10 U.S. metropolitan areas in the most recently completed quarter, with the Bay Area laying claim to the nation's only two major $1 million-plus housing markets. Details are online at https://pacunion.us/2LiVqZt

 

More Than Six in 10 Millennials Lack a Prime Homebuying Credit Score

Besides student debt, rising home prices, and higher mortgage rates, most millennials also face the challenge of improving their credit scores to enter the housing market. Read more at https://pacunion.us/2wpE73z

 

Real Estate Roundup: Silicon Valley Claims America's Two Most Expensive Housing Markets

Another report highlights Silicon Valley's extreme wealth, while, more surprisingly, a new study says that San Francisco families have the most disposable income in the U.S. Get the rundown on the latest housing headlines in Pacific Union's weekly Real Estate Roundup. It’s online at https://pacunion.us/2MzCM4X

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