Nick's Blog

Weekly Real Estate Update

Posted: January 4, 2016

U.S. Home Sales Projected to Reach Decade High in 2016

U.S. home sales should climb in 2016 to levels we haven’t seen since the last housing boom – with millennials leading the charge – as continued economic prosperity appears to be on the horizon. Get the full story at http://pacunion.us/1miGD50

Bay Area Real Estate Ends 2015 on a Hot Note

Like in previous months, more than half of the nation's most in-demand real estate markets were located in California as December came to a close, with Bay Area cities claiming the top three spots. Read more at http://pacunion.us/1YQPS8c

New-Home Sales Point to Energized Construction Industry

Sales of new single-family homes in the West jumped 20.5 percent from October to November – evidence of a rebounding construction industry that has been playing catch-up for several years now to meet the pent-up demand for housing. Details are at http://pacunion.us/1YPVwHN

Real Estate Roundup: 4 Bay Area Cities Rank Among Best for Millennials

Recent news of interest to homebuyers, home sellers, and the home curious includes a report that four Bay Area communities are among the best in the nation for millennials, who are projected to make up the largest share of homebuyers in 2016. Also, rising interest rates could deter some international homebuyers, but it won't likely be the Chinese. Get all the week’s top news at http://pacunion.us/1P0HcXO

Weekly Real Estate Update

Posted: December 29, 2015

Bay Area Housing Inventory Crunch Doesn't Ease in November

The number of Bay Area homes for sale further constricted in November, says a recent report from the California Association of Realtors. The better news for buyers: Home price growth was mostly flat. Read more at http://pacunion.us/1Yx7PZs

Golden State Unemployment Rate Once Again at Eight-Year Low

California's unemployment rate declined in November, again reaching levels not seen since the previous housing boom. And as workers flock to take advantage of the job market, the Bay Area has fueled the state's population growth over the past five years. Get the latest facts and figures at http://pacunion.us/1YBtzn4

California Tops the List for Chinese Homebuyers

China now has more billionaires than the United States, which is the prime destination for affluent Chinese real estate investors, who are most keen on California. Our report is online at http://pacunion.us/1QMPwjL

Real Estate Roundup: Credit Restrictions to Ease in the New Year

Recent news of interest to homebuyers, home sellers, and the home curious includes news that mortgage lenders are planning to loosen credit standards over the next few months. Also, pet-friendly home amenities are becoming popular with buyers seeking to pamper their four-legged friends. Get all the week’s top news at http://pacunion.us/1YMVQqO

Weekly Real Estate Update

Posted: December 23, 2015

Bay Area Companies Dominate List of Best Places to Work in 2016

Nearly one-third of America's 50 best companies to work for are located right here in the Bay Area, and their happy, highly paid employees will likely continue to drive housing demand for the foreseeable future. Get the full story at http://pacunion.us/1QpwBLL

U.S. Renters Feel a Historic Cost Squeeze

The Federal Reserve recently raised interest rates, and here's more sobering news for hopeful homebuyers who have yet to act: The number of U.S. renters who are cost-burdened has reached an all-time high. Read about it at http://pacunion.us/1O690t1

Enjoy the Holidays, and Make Sure Your Pets Do, Too

The holidays can be difficult for dogs, cats, and other pets, tempted by foods that wreak havoc on their digestive systems and access to potentially harmful decorations, not to mention the bright lights and loud noises of holiday parties. For details, go to http://bit.ly/1MrExED

Sterling Schools, Convenient Commute Options Highlight Marin County's Larkspur

Blessed with an ideal location for commuters and boasting the top-rated schools for which Marin County is known, the small city of Larkspur remains a prime destination for families. Check out our community profile at http://pacunion.us/1Qtlem4

Real Estate Roundup: San Francisco Area Home Prices Rising Beyond Explanation

Recent news of interest to homebuyers, home sellers, and the home-curious includes a report that home prices in the San Francisco metro area have grown much faster than incomes over the past 14 years. Also, check out the 15 home-design ideas you should ditch in the coming year. Get all the week’s top news at http://bit.ly/1QFGa9y

Weekly Real Estate Update

Posted: December 14, 2015

Pacific Union’s November 2015 Real Estate Update

Homebuyers and sellers across the Bay Area will want to check out Pacific Union's November Real Estate Update, which has the data and commentary you need to stay current with market conditions in each of our regions. Get the latest facts and figures at http://pacunion.us/1NfVa7P

Bay Area Cities Rank Among the Nation's Best for Outdoor Lovers

The Bay Area's thriving economy and excellent educational opportunities are perhaps the region's biggest draws for homebuyers. But the allure of Northern California's healthy, active lifestyle cannot be underestimated, and a lot of that has to do with the exceptional outdoor recreation spots our region offers. Read more at http://pacunion.us/1lP701G

Remodeling Your Home? Start With the Kitchen and the Roof.

If you're planning interior and exterior renovations in advance of putting your home on the market, upgrading the kitchen and the roof may be the smartest calls, according to results of a new survey. And even if you intend to stay put, the right home-remodeling jobs can increase your satisfaction and quality of life. For more, go to http://pacunion.us/1Y3Fh9D

Winter Storms Are Coming. Are You Ready?

The heavy rains set to pummel the Bay Area are a wake-up call for homeowners to be prepared for stronger storms coming in the months ahead. For tips to stay high and dry, go to http://pacunion.us/1Y6kFxr

Real Estate Roundup: Silicon Valley ZIP Code Still America's Most Expensive

Recent news of interest to homebuyers, home sellers, and the home-curious includes a report that three San Mateo County ZIP codes rank among the nation's 10 most expensive in 2015. Also, the prospect of an impending interest-rate hike has spurred an uptick in mortgage demand. Get all the week’s top news at http://pacunion.us/1QoQrGX

Weekly Real Estate Update

Posted: December 7, 2015

San Francisco Reclaims Title of Nation's Hottest Real Estate Market

The Bay Area may be in the midst of a cold-weather snap, but our local housing markets are still among the hottest in the country, with the San Francisco metro area back on top. Get the full story at http://pacunion.us/1Q0R8WQ

U.S. Home Sales to See Modest Growth in 2016, Forecast Says

A strong job market helped propel the U.S. housing market to its best year since the recession, and activity is expected to further increase in 2016, although rising mortgage rates and tight supply conditions could affect the pace of sales. For more information, go to http://pacunion.us/1HDAx8M

Plan Ahead for Happy – and Safe – Holidays

Ready or not, the holiday season is upon us. If you're preparing to deck your halls with boughs of holly, take a moment to make sure you and your loved ones will be safe and healthy throughout this happy time. Read more at http://pacunion.us/1m1ycdW

Penngrove: Rural Living Near Sonoma County Urban Centers

Wine Country homebuyers seeking bucolic living not far from two of Sonoma County's largest cities should investigate the tiny, tight-knit community of Penngrove. Read our profile at http://pacunion.us/1Q1Apmb

Real Estate Roundup: Bay Area Sellers Net Largest Profits in the Country

Recent news of interest to homebuyers, home sellers, and the home-curious includes a report that sellers in the Bay Area are raking in the largest profits in the U.S. Additionally, Pantone has just released its colors of the year, which are likely to influence home-design trends. Get all the week’s top news at http://pacunion.us/1Q5SaRg

Weekly Real Estate Update

Posted: November 30, 2015

Nearly Half of California's Job Growth Happening in the Bay Area

Although unemployment rates rose across the Bay Area from September to October, our region remains California's job-growth leader and was responsible for nearly half of the state's gains in October. Get the facts at http://pacunion.us/1SgqfMg

Behind the Hype: An Objective Look at the Silicon Valley Housing Market

David Barca, Pacific Union's vice president of our Silicon Valley region, offers his perspective on several trends impacting the region's superheated housing market. Read more at http://pacunion.us/1R2eE4S

Real Estate Roundup: Home Values Reach Record Highs in Major West Coast Markets

Recent news of interest to homebuyers, home sellers, and the home-curious includes a report that property values in San Jose and three other West Coast metro areas have climbed to historic highs. Also, California homebuyers put down some of the largest down payments in the country. Get all the week’s top news at http://pacunion.us/1Po6moB

Weekly Real Estate Update

Posted: November 23, 2015

Bay Area Home Price Growth to Moderate to 2018, Forecast Says

Home price growth should normalize throughout the Bay Area over the next three years, though demand is likely to remain high based on our region's economic strength. Get high-level takeaways from Pacific Union's economic and real estate forecast for 2018, which was presented in partnership with John Burns Real Estate Consulting. It’s online at http://pacunion.us/1QRfgKA

Rising Prices, Decreasing Affordability Hold Back October Bay Area Home Sales

Sales volume across the Bay Area was down on both a monthly and annual basis in October, as affordability conditions kept many hopeful buyers from entering the market. And Napa County homebuyers are getting some relief this fall, as inventory expanded substantially in October. Get all the facts and figures at http://pacunion.us/1MV5np6

Outlying Bay Area Counties See Sizable Annual Affordability Declines

Bay Area home shoppers who have been considering buying a property in one of our region's more suburban communities might want to sit up and take notice, as affordability in some places has dropped significantly from last year due to increased competition and rising prices. For more information, go to http://pacunion.us/1NZBmdc

NAR Survey Tracks Equity Gains in Real Estate

If you bought your home within the past year, congratulations: Your equity stake in your property has already risen by an average 14 percent – a gain of $31,000. Read more at http://pacunion.us/218qj6K

Real Estate Roundup: Gen Xers More Likely to Become Homebuyers Than Millennials

Recent news of interest to homebuyers, home sellers, and the home-curious includes news that Generation Xers will buy more homes over the next three years than will millennials. Also, you might not believe it, but San Jose has been named as one of the U.S. cities where workers can stretch their salaries the furthest. Get all the week’s top news at http://pacunion.us/1N9mdFa

Weekly Real Estate Update

Posted: November 9, 2015

75 Percent of California's Best Job Markets Are Located in the Bay Area

Bay Area communities overwhelmingly lead the Golden State for healthiest job markets, a key indicator that population growth and demand for housing are likely to persist as long as the economy is firing on all cylinders. Cities in seven Bay Area counties rank among California's 20 best job markets, with a Silicon Valley community unsurprisingly topping the list. Get the full story at http://pacunion.us/1SlA1wI

San Francisco Dethroned as Nation's Hottest Real Estate Market

After four consecutive months as the country's hottest real estate market, San Francisco lost the top slot in October, although it still ranks high on the list, along with two other Bay Area cities. For more information, go to http://pacunion.us/20udweA

3 Bay Area Cities Rank Among America's 10 Greenest

Bay Area residents have a reputation for being an environmentally conscious bunch, so it's no big surprise that three of our local cities rank among the "greenest" in the U.S. Green communities not only have happier and healthier residents, but they can also help boost local economies and property values. Details are at http://pacunion.us/1RyKsfQ

New-Home Construction Costs Explained

Construction costs account for nearly two-thirds of the total price of a newly built home, according to a survey conducted this summer by the National Association of Home Builders. Read more at http://pacunion.us/1L1lf8f

Real Estate Roundup: Bay Area Home Sellers Enjoy Massive Gains in 3rd Quarter

Recent news of interest to homebuyers, home sellers, and the home-curious includes a report that home sellers in some Bay Area counties are realizing gains of more than 50 percent since the time of purchase. Also, workers in the San Jose metro area have the highest per-capita output in the U.S., with San Francisco not far behind. Get all the week’s top news at http://pacunion.us/1PkSRG9

Weekly Real Estate Update

Posted: November 2, 2015

Pacific Union, John Burns Real Estate Consulting Offer Bay Area 2018 Outlook

Pacific Union is excited to share the news that, for the second straight year, we will join forces with John Burns Real Estate Consulting to forecast real estate activity and economic conditions across the Bay Area and the Lake Tahoe/Truckee region over the next three years. Details are at http://pacunion.us/1GZuuL3

Pacific Union Opens New Palo Alto Office

Pacific Union is thrilled to announce that we've officially opened a new office in Palo Alto, our company's first in Santa Clara County and the next step in growing our presence in the crucial Silicon Valley market. For more, go to http://pacunion.us/1XFT7Rq

Most Bay Area All-Cash Buyers Are Putting Down Roots

Two-thirds of Pacific Union's all-cash buyers are purchasing homes as primary residences, while a smaller than expected percentage is employed by a tech company. Get the full story at http://pacunion.us/1LZWL4x

Majority of San Francisco, San Mateo County Home Sales Above the $1 Million Mark

Bay Area property prices continue to enjoy double-digit-percent annual increases, even as appreciation slows across the rest of the Golden State. And in Silicon Valley, homebuyers seem to have no shortage of cash at their disposals. Get the details at http://pacunion.us/1kRMyNv

San Francisco's Parkside Offers Peaceful Atmosphere, Access to Nature

Tucked away in San Francisco's southwestern corner, the Parkside neighborhood will appeal to families who seek a quiet, suburban environment without having to sacrifice a city lifestyle. Read our neighborhood profile at http://pacunion.us/1M3oscT

Weekly Real Estate Update

Posted: October 26, 2015

Pacific Union Quarterly Report: Q3 2015

Pacific Union takes in-depth look at real estate activity across the Bay Area and the Lake Tahoe/Truckee region in our recently released third-quarter report. Get all the facts and figures at http://pacunion.us/1XiW36a

Bay Area Annual Home-Price Gains Double California Rate

Although home prices eased a touch across the Bay Area from August to September, they still grew at more than twice the statewide rate on a year-over-year basis. For details, go to http://pacunion.us/1XkBupW

California Unemployment Rate Drops to Eight-Year Low

The Golden State's economy was firing on all cylinders in September, with the unemployment rate dropping below six percent for the first time since the previous housing boom. And in the Wine Country, unemployment rates also hit a milestone, dipping under the 4 percent mark for the first time in as many years. The report is at http://pacunion.us/1Xilkxm

As El Niño Looms, Check Out These Flood-Prevention Tips

After years of drought, Bay Area residents now face the threat of torrential rain this winter with the approach of El Niño storms. Don't wait until it's raining to safeguard your home against flooding, and ensure your loved ones know what to do in the event of high water. For more information, go to http://pacunion.us/1KtLRhW

Real Estate Roundup: Bay Area Suburbs See Fall Home Sales Spike

Recent news of interest to homebuyers, home sellers, and the home-curious includes data showing that home sales are up significantly in three inland Bay Area counties from one year ago. Also, Airbnb's recent snarky ad campaign in San Francisco didn't go over well with locals. Get all the week’s top news at http://pacunion.us/1LXba1p