Nick's Blog

Weekly Real Estate Update

Posted: August 21, 2017

 

California Creates the Most U.S. Jobs in July

July was an incredible month for job creation in California, and especially in the Bay Area. Pacific Union Chief Economist Selma Hepp offers her perspective on the latest employment numbers. You’ll find it exclusively at http://pacunion.us/2iiUlHL

 

Bay Area Home Prices Sizzle in July

The bullish rush into the summer months continued for Bay Area housing markets in July. Pacific Union Chief Economist Selma Hepp examines the latest market conditions in an exclusive report, online at http://pacunion.us/2uZdHTd

 

The Income Needed to Purchase a Bay Area Home Doubles Over the Past Five Years

Rising prices and an insufficient number of homes for sale further worsened affordability conditions statewide and in the Bay Area in the second quarter, with buyers needing to earn twice as much as they did five years ago in order to qualify for a mortgage. Get the latest facts and figures at http://pacunion.us/2i6c6dm

 

Get Cooking (Outside) With an Outdoor Kitchen

The weather is perfect, and you are enjoying hanging out in your backyard. It’s time for lunch or dinner, but you don’t want to have to go inside. Maybe it’s time to think about installing that outdoor kitchen. Read more at http://pacunion.us/2i6XsTe

 

Choosing a Moving Company? Let the Buyer Beware.

Planning to move into a new home? How trustworthy are the movers? It's important to learn as much as you can about prospective movers, then choose carefully. Read more at http://pacunion.us/2fSL20z

 

Weekly Real Estate Update

Posted: August 14, 2017

Pacific Union Merges With Los Angeles-Based Partners Trust

Pacific Union is excited to share the news that we've further expanded our reach in Los Angeles by announcing our intent to merge with Partners Trust, the next step in our firm's vision of becoming the ultimate California company. Read more at http://pacunion.us/2hOJiWt

 

Pacific Union's July 2017 Real Estate Update

Homes in all of Pacific Union's Bay Area regions saw year-over-year price appreciation in July, ranging from 1 percent in Marin County to 35 percent in Sonoma Valley. Stay up to date on the most current market conditions with Pacific Union's July Real Estate Update. You’ll find it exclusively at http://pacunion.us/2uGX4vu

 

Is Cash King? Certainly in Some Bay Area Housing Markets.

If you're shopping for a home in the Bay Area, you may be competing with all-cash buyers. Pacific Union Chief Economist Selma Hepp examines all-cash buyer trends across local counties and by home price range. Her exclusive analysis is online at http://pacunion.us/2hRix3B

 

Real Estate Roundup: More Than Half of Californians Are Worried About a Housing Bubble

Nearly two-thirds of Golden State homeowners are worried about a housing market correction despite research that points to the contrary. Get this and other headlines of note in Pacific Union's weekly Real Estate Roundup. It’s online at http://pacunion.us/2hTgtYS

Weekly Real Estate Update

Posted: August 8, 2017

Solid July U.S. Job Numbers Line Up With Rallying Stock Market

July marked another solid month of job gains for the U.S. economy, which helped boost the stock market. Pacific Union Chief Economist Selma Hepp weighs in on the latest employment numbers at http://pacunion.us/2hC6lDO

 

Bay Area Home Sellers Are Still Raking in the Nation’s Largest Profits

The second quarter was an excellent time to sell a U.S. home, with sellers pulling in the largest gains in a decade. That was particularly true here in the Bay Area, where sellers again realized the biggest returns in the country. Read more athttp://pacunion.us/2vZZ6Jh

 

U.S. Housing Inventory Sinks to 30-Year Low

America's housing shortage is not only putting the brakes on home sales, it is also having a significant impact on affordability. Get the story at http://pacunion.us/2w6ntoH

 

California Poised to Pass the U.K. as the World's Fifth-Largest Economy

Although the Golden State's job growth has slowed a bit in 2017, the economy remains a global powerhouse and may move up the rankings by the end of the year, an indicator that demand for housing in California should remain robust. Read more athttp://pacunion.us/2uXNo39

 

Pacific Union's 12 Favorite Bay Area Day Trips

It's August, and the Bay Area's weather should soon be approaching prime time. Check out the amazing local places our staff members go to get away for a day or a long weekend. Our guide is online at http://pacunion.us/2htZSe7

 

Real Estate Roundup: Which Grocery Store Chain Boosts Home Values the Most?

Homes located near one popular grocery-store chain have appreciated by more than 60 percent over the last five years, while Berkeley has been named one of the best places to live in America. Get these and other headlines of note in Pacific Union's latest Real Estate Roundup, online at http://pacunion.us/2usdaJx

Weekly Real Estate Update

Posted: July 31, 2017

Bay Area Pending Home Sales Slide for the Ninth Straight Month

Pending home sales activity continued to decline in both California and the Bay Area in June, with tight inventory conditions once again the culprit. Read all about it at http://pacunion.us/2uVhXHx

 

California: Home to More Than Half of America's 20 Most Expensive Housing Markets

U.S. home prices rose to another new all-time high in June, as tight supply conditions continued to worsen. The Bay Area's housing shortage is evident by its elevated prices, with seven local counties ranking among the nation's 20 most expensive real estate markets in June. Read more at http://pacunion.us/2eQC9DT

 

A Plea to Homeowners: Honeybees Need Homes, Too!

Honeybees are essential to California's agricultural economy, and each year farmers in the Golden State import millions of them to pollinate their crops. What does this have to do with Northern California homeowners? Plenty, it turns out. Get the story athttp://pacunion.us/2eTXg8v

 

Two New Reports Highlight California, Bay Area Housing Affordability Challenges

The Golden State's housing market is currently not particularly friendly to those looking to get a foot in the door, as it is home to the majority of the nation's 10 least-affordable markets for first-time buyers. And here in the Bay Area, conditions are even more problematic for first-time buyers, as the median income won't buy a home in any ZIP code in three local counties. For more, go online to http://pacunion.us/2eL5HD0

 

Real Estate Roundup: Bay Area Suburb Named Hottest U.S. Housing Market for Sixth Straight Month

California cities continued to dominate the monthly rankings of the hottest U.S. real estate markets in July, with a Bay Area suburb holding down the No. 1 position. Check out this and other headlines of note in Pacific Union's weekly real estate roundup. It's online at http://pacunion.us/2eVuiVJ

Weekly Real Estate Update

Posted: July 24, 2017

Sizing Up the Competition: How Many Offers Are You Betting Against?

Competition has increased again in Bay Area housing markets this summer, with 6 in 10 homes selling over the asking price. Pacific Union Chief Economist Selma Hepp breaks down the bidding-war landscape in a new analysis at http://pacunion.us/2vINlpz

 

California Job Growth Slows in June, but the Bay Area Comes Out Ahead of Other Metro Areas

Although California lost jobs in June, the Bay Area saw solid gains. Pacific Union Chief Economist Selma Hepp examines the latest state and local job numbers at http://pacunion.us/2uQMfuS

 

Pacific Union Quarterly Report: Q2 2017

For the most part, the number of Bay Area homes for sale did not improve in the second quarter from one year earlier, pushing prices up again. Get all the last data, plus expert commentary from Pacific Union Chief Economist Selma Hepp, in our second-quarter real estate report. You’ll find it exclusively at http://pacunion.us/2tlSJ5n

 

California Homes Selling at the Fastest Pace in 13 Years

Stubbornly low inventory conditions motivated Golden State homebuyers to act quickly in June, while prices continued to rise statewide and in the Bay Area. For the latest facts and figures, go to http://pacunion.us/2todFsg

 

Chinese Buyers Remain the Most Active International U.S. Real Estate Investors

Foreign investment in the U.S. housing market surged over the past year, with California still a prime destination for overseas buyers, particularly those from China. Read more at http://pacunion.us/2gNcOLU

 

Real Estate Roundup: U.S., Bay Area Foreclosure Activity Drops Sharply in First Half of 2017

Foreclosure activity dropped by more than 25 percent on an annual basis in San Francisco and San Jose in the first half of the year, while a new proposal seeks to ease California's development restrictions. Check out these and other headlines of note in Pacific Union's latest Real Estate Roundup. It’s online at http://pacunion.us/2eCJffu

Weekly Real Estate Update

Posted: July 17, 2017

Luxury Segment Heats Up Bay Area Housing Markets in June

The first half of the year ended on a strong note for Bay Area housing markets according to a new analysis by Pacific Union Chief Economist Selma Hepp. You can read it exclusively at http://pacunion.us/2tj41XS

 

Most Americans Still Think Buying a Home Is a Good Financial Decision

An overwhelming majority of Americans believe that purchasing a home is a solid financial move, though worsening affordability is a top concern. Read more at http://pacunion.us/2t4RSWB

 

U.S., Bay Area Homes Sell Faster When Staged

Sellers hoping for a speedy sale should seriously consider staging their homes, a process that most real estate professionals believe helps a buyer better visualize the property as their own. That's true here in the Bay Area, where Pacific Union Chief Economist Selma Hepp found that staged homes not only sell nearly twice as fast but also receive more offers and command higher prices. The report is online athttp://pacunion.us/2tH6Izr

 

Number of U.S. Homeowners With Tappable Equity Climbs to All-Time High

Strong price appreciation has increased the amount of equity that homeowners can borrow against, with California accounting for a significant share of the nation's equity. Get the latest numbers at http://pacunion.us/2t1V3ho

 

What Color to Paint Your Home's Exterior? White Is the No. 1 Pick of Buyers.

Forty percent of homebuyers say white is the color of choice for a home's exterior, but it's important to choose a hue that you can live with for the long haul. Read more here: http://pacunion.us/2tbfTv7

Weekly Real Estate Update

Posted: July 10, 2017

June U.S. Employment Report Shows Solid Trends

The latest U.S. job numbers are in, and they give cause for confidence in the employment market and the economy. Pacific Union Chief Economist Selma Hepp breaks down June's report. You’ll find it exclusively at http://pacunion.us/2u1bPxh

 

Forecast: California Home Prices to Grow by 10 Percent Through 2018

Golden State homes should appreciate at almost double the national rate by next spring, although price growth and increasing rental costs do not bode well for affordability. Read more at http://pacunion.us/2tSU6s0

 

U.S. Home Affordability Drops to Nine-Year Low

Second-quarter home price growth outpaced wage growth throughout most of the country – including the Bay Area – further eroding already challenging affordability conditions. Get the latest numbers at http://pacunion.us/2tKuoWi

 

Lawn-Care Lessons: How to Mow the Right Way

It's July, and your lawn is at its most vulnerable under the fierce Northern California sun. Here are some smart lawn-mowing tips to help keep it healthy all summer long. Read more at http://pacunion.us/2tZvOfQ

 

Real Estate Roundup: Know the Unexpected Costs of Buying a Home

Don't let unexpected costs surprise you when you're ready to close on the home of your dreams. Find out what they are in Pacific Union's latest weekly Real Estate Roundup. It’s online at http://pacunion.us/2sWSA7Y

Weekly Real Estate Update

Posted: July 5, 2017

Bay Area Suburbs Rank as Hottest U.S. Housing Market for Fifth Straight Month

Limited inventory prompted U.S. buyers to snap up properties quickly in June, with homes in the Bay Area selling about twice as fast as the national average. Read the story at http://pacunion.us/2txgHdp

 

California, Bay Area Pending Home Sales Drop Again in May

Pending home sales continue to fall nationwide, statewide, and in the Bay Area, an early sign that housing markets may be in for a slower-than-usual summer. Details are at http://pacunion.us/2u2y2bl

 

U.S., Bay Area Home Prices Hit New Record Highs in May

Intense demand for housing coupled with supply constraints pushed U.S. home prices to an all-time high in May, with properties leaving the market faster than ever before. Here in the Bay Area, home prices also reached a new peak, as buyers hit the market in full force. Read more at http://pacunion.us/2tfMakb

 

Will Increased Homeowner Confidence Equal More Listings?

The number of homeowners who think that the time is right to sell is up significantly from one year ago, but that may not necessarily translate to more inventory, the lack of which has some economists worried about an affordability crisis. For more, go online to http://pacunion.us/2tmrY0f

 

Real Estate Roundup:  The Plight of Millennial Homebuyers in Silicon Valley

A new study says that millennial homebuyers in the Bay Area face a down-payment savings time of nearly three decades, while another finds that Napa is one of the best places in America to hold an outdoor party. Get the lowdown on these and other stories of note in Pacific Union's weekly Real Estate Roundup – online at http://pacunion.us/2tyNIG0

Weekly Real Estate Update

Posted: June 26, 2017

MLSes and Portals Should Respect Exclusive Listings

Pacific Union CEO Mark A. McLaughlin offers his thoughts on Zillow Group's latest move to access brokerage data. It’s on the Pacific Union blog at http://pacunion.us/2tp7bFL

 

California Home Prices Climb to a 10-Year High in May

California home prices hit their highest level since the previous housing boom in May, as demand continued to outstrip supply, both statewide and here in the Bay Area. Details are online at http://pacunion.us/2txqNaS

 

Home Price Growth Recorded in Virtually All U.S. Metro Areas Last Year

Record-low inventory levels pushed appreciation higher across the country in 2016, though home prices in most parts of the country and the Bay Area are still well short of their previous peaks. Get the facts at http://pacunion.us/2sTo7Y2

 

Pacific Union and John Aaroe Group Professionals Honored for 2016 Sales Results

Pacific Union and John Aaroe Group are proud to share the news that nine of our elite real estate professionals have been honored by a respected industry publication for their impressive sales achievements. Read more at http://pacunion.us/2t2WFHs

 

Real Estate Roundup: East Bay Suburb Named California's Best Place to Live

Bay Area cities dominate the rankings of the best places to live in California, while Stanford University remains the third best college in the world. Check out these and other stories of note in Pacific Union's latest Real Estate Roundup. It’s online athttp://pacunion.us/2t4kRcv

 

 

Weekly Real Estate Update

Posted: June 19, 2017

The Bay Area's Five Fastest Appreciating (and Depreciating) Housing Markets

Home prices rocketed up about 30 percent year over year in the first four months of 2017 in one Marin County community, while they fell by about the same amount in a trendy San Francisco enclave. Find out which 10 Bay Area ZIP codes experienced the largest housing price gains and losses. Details are online at http://pacunion.us/2t5Sjw6

 

The Federal Reserve Increases Interest Rates, but Slow Inflation Keeps Mortgage Rates Low

Pacific Union Chief Economist Selma Hepp breaks down the implications of the Federal Reserve's decision to increase interest rates last week. Her exclusive analysis is online at http://pacunion.us/2t7oETd

 

Californians Gained $25,000 in Home Equity, on Average, Over the Past Year

Golden State homeowners pulled in the nation's second-largest equity gain in the first quarter, as the San Francisco metro area again posted the highest number of properties with positive equity. Get the facts at http://pacunion.us/2sZN7JV

 

No Vacation Necessary: The Best Bay Area Summer 2017 Events

If you're skipping a summer vacation to house hunt while the competition is less intense, fear not: There are plenty of events to entertain you all around the Bay Area. Check them out at http://pacunion.us/2sy7cKD

 

Real Estate Roundup: Is the U.S. Headed for a Housing Inventory Crisis?

Some prominent economists fear that the nation's housing inventory shortage could soon become an emergency. Read Pacific Union's weekly Real Estate Roundup for this story and other recent headlines of interest. It’s online at http://pacunion.us/2tcft42