Nick's Blog

Weekly Real Estate Update

Posted: October 30, 2017

Tight Inventory Drives Bay Area Prices Up, Sales Down in September

Despite fewer properties on the market than there were at the same time last year, California home sales increased modestly in September. Here in the Bay Area, which has the state's most severe inventory drought, the opposite held true, as sales dropped throughout much of the region. Get the latest facts and figures at http://pacunion.us/2y2uDi9

 

Bay Area Unemployment Rates Fall to Lowest Levels Since May

Hiring bounced back in California in September, while the state's unemployment rate held steady at 5.1 percent. Pacific Union Chief Economist Selma Hepp examines the latest job numbers and trends in our exclusive report, online at http://pacunion.us/2zMKnD1

 

Bay Area Pending Home Sales Down for the 12th Consecutive Month

Inventory shortages once again caused Bay Area pending home sales to drop in September, a trend that also played out in California and the U.S. For details, head tohttp://pacunion.us/2lltjkA

 

San Francisco Again Named America's Greenest City

California dominates the upper rankings of an annual list of environmentally conscious cities, with San Francisco ranking in the top spot for the second year in a row. Read more athttp://pacunion.us/2yO5O96

 

Real Estate Roundup: Bay Area Still Claims the Nation's Three Hottest Housing Markets

San Jose remains the nation's most in-demand real estate market as October winds down, while Bay Area cities have the country's lowest eviction rates despite sky-high rents. Check out these and other housing headlines of note in Pacific Union's weekly Real Estate Roundup. It’s online at http://pacunion.us/2lo8J2Y

Weekly Real Estate Update

Posted: October 23, 2017

Buyer Frenzy in San Francisco Intensifies for Homes Priced Between $2 Million and $3 Million

Pacific Union Chief Economist Selma Hepp offers a deep dive into current housing market conditions in San Francisco, including details on prices, inventory, and buyer competition. http://pacunion.us/2hQsb3x

 

Rising From the Ashes: How Will the Wine Country Wildfires Affect Its Housing Markets?

Pacific Union Chief Economist Selma Hepp examines the implications of the devastating Wine Country fires on the Napa and Sonoma county real estate markets. http://pacunion.us/2hMRjbn

 

Pacific Union Acquires Danville-Based Brokerage Empire Realty Associates

Pacific Union is pleased to announce that we have acquired Empire Realty Associates in Danville, the next step in our journey to becoming the ultimate California real estate company. http://pacunion.us/2yT5h6v

 

Pacific Union Quarterly Report: Q3 2017

Bay Area home prices rose on an annual basis in the third quarter in every region in which Pacific Union operates. Get all the latest market data, plus expert commentary from Chief Economist Selma Hepp, in our third-quarter real estate report. http://pacunion.us/2hQGVza

 

Moderate California, Bay Area Home Price Gains Forecast for 2018

California home price appreciation should slow next year, although there appears to be no end in sight for the state's severe and prolonged inventory shortage. http://pacunion.us/2hNU7F6

 

Real Estate Roundup: Bay Area Housing Bubble Unlikely to Burst, Economist Says

A prominent economist does not foresee a Bay Area housing market crash, while researchers have developed an earthquake-resistant building material that could help protect homes in California. Check out these and other notable headlines in Pacific Union's weekly Real Estate Roundup. http://pacunion.us/2zJqMnq

Weekly Real Estate Update

Posted: October 16, 2017

Looking for Ways to Help Those Affected by the Wine Country Wildfires? Here's a List.

Fire victims need food and shelter. Firefighters and rescue workers need our support on many levels. Relief agencies need cash donations and volunteers. Here are ways you can help those affected by the devastating Wine Country wildfires:http://pacunion.us/2yIj6o1

 

Bay Area Housing Activity Slows in September but More Competition for Homes

Pacific Union Chief Economist Selma Hepp analyzes September real estate market conditions in the Bay Area. You'll find it online exclusively at http://pacunion.us/2xxiaxI

 

Bay Area Housing Affordability Improves in the Third Quarter

Some welcome news for Bay Area home shoppers: Affordability increased in every local county in the third quarter. Unfortunately, the region's home price growth continues to outpace wage growth for the most part. Get the full story athttp://pacunion.us/2yFCDFR

 

Master Bathroom Remodeling Costs Are the Highest in San Francisco

Homeowners in the San Francisco metro area who are planning to renovate their master bathroom should be prepared for a hefty bill, as that project costs more here than it does anywhere else in the country. Details are at http://pacunion.us/2hDQGAU

 

Real Estate Roundup: Silicon Valley Has the Nation's Most $200,000 Earners

One in five workers in San Francisco and San Jose earns more than $200,000 per year, while Fremont is named to a list of best cities in the U.S. for buying a home large enough to raise a family. Check out these and other notable headlines in Pacific Union's latest Real Estate Roundup. It's online at http://pacunion.us/2hJ5nCN

Weekly Real Estate Update

Posted: October 9, 2017

September U.S. Jobs Report Offers Continued Optimism Despite Conflicting Numbers

Recent hurricanes put a dent in September's U.S. job numbers, but the economy is still on solid footing. Pacific Union Chief Economist Selma Hepp examines the latest employment trends in a report you’ll find only here: http://pacunion.us/2xolH1g

 

Most of the 20 Best Places to Retire in California Are in the Bay Area

Despite the Bay Area's high cost of living, a recent study says that most of California's 20 best cities for retirees are located here. Read more at http://pacunion.us/2xkqNfj

 

Homebuyers Remain Upbeat, Surveys Say

Although inventory conditions remain challenging across the Bay Area and the U.S., potential homebuyers are optimistic about the housing market, thanks to a strong economy, low mortgage rates, and the prospect of further home price appreciation. Details are online at http://pacunion.us/2yGgYcy

 

What Is the Down Payment Sweet Spot?

More than half of Americans say that 10 percent is the ideal down payment, though Bay Area homebuyers are putting down more than double that. For more information, go to http://pacunion.us/2yFHxyu

 

Peace of Mind Is a Well-Stocked Earthquake-Preparedness Kit

A little bit of planning now will go a long way to ensuring the health and well-being of you, your family, and your pets when the next big earthquake hits Northern California. Read our special report at http://pacunion.us/2xnudxM

 

Real Estate Roundup: Bay Area Companies Offer the Nation's Best Work-Life Balance

Bay Area employees enjoy the best work-life balance in the U.S., while three communities in Contra Costa and Alameda counties are named to a list of the best small cities for families. Read all about it in Pacific Union's latest Real Estate Roundup. It’s online at http://pacunion.us/2xu7Cje

Weekly Real Estate Update

Posted: October 2, 2017

The Bay Area’s Economy Grew at the Strongest Rate in the Nation in 2016

The Bay Area's gross domestic product (GDP) grew at the fastest rate in the nation last year. Pacific Union Chief Economist Selma Hepp offers her expert take on state and regional economic trends. You’ll find it exclusively at http://pacunion.us/2hyiFSc

 

Bay Area Pending Home Sales Nearing Year-Long Slide

Pending home sales declined nationwide, in California, and in the Bay Area in August, once again the result of more willing buyers than properties for sale. Get the latest facts and figures at http://pacunion.us/2xMzCSI

 

Bay Area Residents Are Among the Nation's Least Stressed

The entire Bay Area is known as a laid-back place to call home, but one East Bay city has earned the distinction as the nation's least stressed-out community. Chill out and give this a read: http://pacunion.us/2xIsoiS

 

Kitchen Renovations Offer Homeowners the Largest Returns

Completely overhauling or upgrading a kitchen are the interior home-improvement projects that offer the biggest returns on investment at the time of sale, with Bay Area sellers recouping more than the national average. Read more at http://pacunion.us/2xPvNMJ

 

Real Estate Roundup: San Jose Is Now America's Hottest Housing Market

Three Bay Area cities remain the nation's hottest real estate markets, while more mortgage lenders eased credit standards in the third quarter. Check out the latest headlines from the housing world in Pacific Union's weekly Real Estate Roundup. It’s online at http://pacunion.us/2x3FLWK

 

Weekly Real Estate Update

Posted: September 25, 2017

California, Bay Area Inventory Continues to Shrink in August

The number of homes for sale declined statewide and in every Bay Area county from one year earlier – particularly entry-level properties – keeping prices at a 10-year high. Get the latest local data at http://pacunion.us/2xuJ7px

 

August Was a Mixed Month for Job Creation in California

Following incredible job growth in July, August was a mixed month for the Golden State's labor market. Pacific Union Chief Economist Selma Hepp weighs in on the latest numbers exclusively at http://pacunion.us/2xtILQ3

 

U.S. Home Prices Up, Sales Down in August

Four major trends persisted for the national housing market in August: rising prices, declining inventory, slowing sales, and strong buyer demand. For details, go to http://pacunion.us/2hnP9yt

 

Millennials' Student Debt Is Larger Than Their Incomes

Lingering student loans are causing younger Americans to make important life sacrifices, including postponing a home purchase. Read more at http://pacunion.us/2fjYhaq

 

Real Estate Roundup: Home Price Growth Projected to Slow in 2018

A pair of housing market forecasts call for slowing price appreciation next year, while mortgage rates have risen for the first time in almost two months. Catch these and other headlines of interest in Pacific Union's weekly Real Estate Roundup. It’s online at http://pacunion.us/2xzHret

Weekly Real Estate Update

Posted: September 18, 2017

Pacific Union's August 2017 Real Estate Update

Supply conditions remained tight across the Bay Area in August, with only Marin County seeing a slight inventory improvement from July. Get all the latest market statistics in Pacific Union's August Real Estate Update. You’ll find it exclusively at http://bit.ly/2ykp7nA

 

Bay Area Buyers Make the Nation's Largest Down Payments

To successfully close a sale, Bay Area homebuyers are putting down much larger down payments than the national average, and a substantial number are leveraging co-borrowers to help them qualify for the mortgage. Read more at http://bit.ly/2wqCPrF

 

Oakland Remains America's Most Difficult Home-Flipping Market

Expensive prices and hefty remodeling costs once again place the Bay Area's three largest cities among the toughest real estate markets in the U.S. for flipping homes. Details are at http://bit.ly/2xbMAqL

 

U.S. Foreclosure Rate Falls to 10-Year Low

Home price appreciation and a thriving job market have pushed down foreclosures and mortgage delinquencies across the country, with California and the Bay Area posting lower numbers than the national average. Read more at http://bit.ly/2xgF2F6

 

Real Estate Roundup: Bay Area Workers Are America's Happiest

Bay Area employees are the nation's happiest, thanks in part to high salaries, while a Contra Costa County city proposes to bring even more jobs to the region as Amazon.com's new home. Get these and other local headlines of interest in our weekly Real Estate Roundup. It’s online at http://bit.ly/2xcGRRK

Weekly Real Estate Update

Posted: September 11, 2017

Homeownership Is Still Key to Realizing the American Dream

Owning a home remains a crucial part of achieving the American Dream, and financial gain is not the primary reason. Read more on the Pacific Union blog at http://pacunion.us/2vLxo6c

 

San Francisco's Annual Wage Growth Is Among the Nation's Highest

On the heels of a report that explains how paychecks stretch further in San Francisco than they do in other coastal job centers comes more promising economic news: Wages here are growing faster than in other major U.S. metropolitan areas. Get the full story athttp://pacunion.us/2vMUqtq

 

The Best Bay Area Fall 2017 Events

Just because summer is ending doesn’t mean there aren’t plenty of things to do across the Bay Area and the Lake Tahoe region. We’ve curated a list of the many festivals and events recommended by our local offices. Find our suggestions online athttp://pacunion.us/2vQxFFj

 

Real Estate Roundup: Ways to Save for a Down Payment Faster

Skipping a morning latte and bringing lunch to work go further than you might think toward a down payment. Get the lowdown on savings advice plus other news stories in the Pacific Union Real Estate Roundup, online at http://pacunion.us/2f9H9kw

Weekly Real Estate Update

Posted: September 5, 2017

Why Do Bay Area Homeowners Sell, and Where Do They Move?

Pacific Union Chief Economist Selma Hepp digs into transaction data to find out what factors motivate Bay Area homeowners to sell and where they go when they do. Read her analysis exclusively at http://pacunion.us/2wten5C

 

U.S. Home Prices Rise for the 65th Straight Month

Strong buyer demand kept homes selling at a brisk clip as the second half of 2017 began, with the ongoing U.S. inventory constraints continuing to fuel price appreciation. Read more at http://pacunion.us/2gmOmBb

 

San Francisco Paychecks Go Further Than You Might Think

There's no denying that the Bay Area is an expensive place to call home, but the region's high salaries stretch further here than they do in any other major coastal U.S. job center. Details are at http://pacunion.us/2gog40j

 

Home-Remodeling Activity Remains Hot Heading in to Fall

Whether you're in the market for a fixer-upper or are planning to renovate your home instead of moving, plan well in advance, as remodeling firms are currently in high demand – especially in the Bay Area. Get the full story at http://pacunion.us/2xzKJfd

 

Real Estate Roundup: More Home Price Growth Forecast for the Fall

The U.S. housing market is on pace to have its best year for sales in a decade, while activity surged in Santa Clara County over the summer. Check out these and other headlines of interest in Pacific Union's weekly Real Estate Roundup. It's online athttp://pacunion.us/2wurR1f

Weekly Real Estate Update

Posted: August 28, 2017

Home Prices Rise in All Nine Bay Area Counties in July

The Bay Area's prolonged inventory drought again pushed prices higher last month, with more appreciation forecast throughout the second half of 2017. Get the latest facts and figures at http://pacunion.us/2im2Od6

 

China Formalizes Restrictions on Capital Outflow

Recently, China formally enacted restrictions on capital outflows. Pacific Union Chief Economist Selma Hepp examines the potential impacts of these regulations on Chinese investment in U.S. and California real estate. Her report is online exclusively at http://pacunion.us/2g4ny8B

 

California, Bay Area Pending Home Sales Continue to Decline in July

Tight inventory conditions and worsening affordability again stifled pending sales in California last month, which may indicate a slower-than-usual fall for home sales. Read more at http://pacunion.us/2ivTMum

 

Annual Home Price Growth Recorded in 9 of 10 U.S. Metro Areas

A limited supply of homes isn't just a challenge here in California and the Bay Area; it’s a nationwide issue, and it helped push the national median sales price to another new high in the second quarter. For details, go to http://pacunion.us/2g7AdYA

 

Real Estate Roundup: Bay Area Suburb Continues Its Run as Hottest U.S. Real Estate Market

For the seventh straight month, a suburban Bay Area city has been named America's hottest real estate market. And closer to the region's urban core, Uber has announced that it may be scrapping all plans for its Uptown Oakland office. Get these and other stories of note in Pacific Union's latest Real Estate Roundup. It’s online at http://pacunion.us/2gedgTl