Nick's Blog

Weekly Real Estate Update

Posted: February 5, 2018

California Is Home to the Largest Share of Millennials, and They Are Active Homebuyers

Pacific Union Chief Economist Selma Hepp examines millennial population and homeownership trends in California and the Bay Area. You’ll find it exclusively athttp://pacunion.us/2s4HYDU

 

U.S., California, and Bay Area Home Prices Again Reach New Peaks

Home price appreciation continued across the board as 2017 neared its end, with San Jose again posting the highest annual gain of any major U.S. metropolitan area. Details are athttp://pacunion.us/2npioF3

 

Bay Area Companies Dominate List of 2018's Best Tech Workplaces

Bay Area tech heavyweights not only create innovative products that change the world, they also provide their employees with an overwhelming sense of satisfaction. Read more athttp://pacunion.us/2nqcB20

 

The Average U.S. Credit Score Keeps Climbing -- Along With Debt

Having excellent credit is a key factor in obtaining a mortgage, so it comes as welcome news for the economy and the housing market that Americans' credit scores rose again in 2017, though the fact that debt has reached a record high somewhat tempers the picture. For details, go online to http://pacunion.us/2nmQABe

 

Real Estate Roundup: Bay Area Home Price Growth Hits Historic Run

Bay Area home prices rose for the 69th straight month in December, while rents mostly held steady or dropped. Check out the week's most notable housing headlines in Pacific Union's Real Estate Roundup. It’s online at http://pacunion.us/2nAGyN6

Weekly Real Estate Update

Posted: January 29, 2018

Most Bay Area Counties Post Double-Digit Percent Home Price Gains in December

The supply of homes for sale declined on a both a monthly and yearly basis in California and the Bay Area in December, pushing prices up by double-digit percentage points in seven of nine local counties. Read more at  http://pacunion.us/2Dxj80X

 

California's Unemployment Rate Reaches All-Time Low

The Golden State's job market ended 2017 on a strong note, with the unemployment rate dropping to the lowest level on record. Pacific Union Chief Economist Selma Hepp examines the latest employment numbers and trends in the Bay Area and Los Angeles. Her analysis is online at http://pacunion.us/2Du3WS1

 

Will Increased Savings Drive Millennial Homebuyer Activity in 2018?

A new report forecasts that first-time homebuyer activity will increase this year, and if that comes to pass, one reason may be because millennials' financial-planning habits have notably improved over the past few years. Get the full story at http://pacunion.us/2DzULiZ

 

U.S. Home Sales Hit Strongest Pace Since Previous Peak

America's housing market had its best year for sales in more than a decade in 2017, despite the tightest supply conditions on record. Read more at http://pacunion.us/2DBk18N

 

Real Estate Roundup:  San Francisco Begins 2018 as the Hottest U.S. Housing Market

San Francisco has returned to the top of a list of the nation's hottest real estate markets, while Santa Rosa has seen the number of millennial homeowners surge over the past decade. Get the latest housing news of note in Pacific Union's weekly Real Estate Roundup, online at http://pacunion.us/2DCBs8Y

Weekly Real Estate Update

Posted: January 23, 2018

Pacific Union CEO Mark McLaughlin Named to 2018 List of Top Residential Real Estate Leaders

Pacific Union is honored to announce that company CEO Mark A. McLaughlin has been named one of the top real estate executives in the U.S. and Canada for 2018. Read more athttp://pacunion.us/2DizTgj

 

Pacific Union Quarterly Report: Q4 2017

All Northern California regions in which Pacific Union operates posted annual median sales price growth in the fourth quarter of 2017. Get the latest market data and expert commentary from Chief Economist Selma Hepp in Pacific Union's fourth-quarter real estate report. You’ll find it exclusively at http://pacunion.us/2DcwlMg

 

Today's Smart Home Gets Smarter (and Weirder) at Annual CES Show

With smart refrigerators, talking toilets, and an army of robots, the annual Consumer Electronics Show in Las Vegas did not disappoint. Read all about it at http://pacunion.us/2DibxmS

 

Real Estate Roundup: Bay Area Starting Salaries Are the Highest in the U.S.

Employees in four Bay Area cities enjoy the largest starting salaries in America, while another local suburb has earned accolades for its livability. Get the lowdown on the latest housing headlines in Pacific Union's weekly Real Estate Roundup. It’s online at http://pacunion.us/2DrHwRv

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