Nick's Blog

Weekly Real Estate Update

Posted: December 19, 2016

Pacific Union Expands in California, Merges With Los Angeles-Based John Aaroe Group

Pacific Union is very excited to share the news that we've extended our firm's geographic footprint to key Southern California real estate markets by merging with Los Angeles-based John Aaroe Group. Read more at http://pacunion.us/2hwrbAC

 

The Federal Reserve's D-Day: Interest-Rate Hike Reflects Confidence in the U.S. Economy

In her latest analysis, Pacific Union Chief Economist Selma Hepp breaks down the Federal Reserve's decision to increase interest rates. Read it at http://pacunion.us/2hpEzso

 

Home Prices Are Relaxing in Silicon Valley's Most Expensive Pockets

Although Silicon Valley still ranks among the country's most expensive places to buy a home, prices in the region are leveling off, with Atherton losing its title as the priciest ZIP code in the U.S. Get the facts at http://pacunion.us/2hmRP14

 

San Francisco Ranks No. 1 in U.S. for Homes With Positive Equity

More U.S. homeowners moved into positive-equity territory in the third quarter, with the San Francisco area again leading the nation in that respect. For details, go to http://pacunion.us/2hruXeW

 

The Western U.S. Is Bullish on Selling Homes but Not So Much on Buying

Residents of Western U.S. states are more likely than those in other regions to say that now is a good time to sell a home, according to a new survey. But they're more wary about buying a home. For more information, go to http://pacunion.us/2hCw239

 

Real Estate Roundup: The World's Two Richest People Could Buy Every Home in San Francisco

If Bill Gates and Warren Buffett pooled their fortunes, almost every home in San Francisco could be theirs. And while first-time buyers face several challenges, 2017 may be kinder to them. Get the latest news of note in Pacific Union's latest Real Estate Roundup. It’s online at http://pacunion.us/2hHg7Az

Weekly Real Estate Update

Posted: December 12, 2016

Which Bay Area Housing Markets Are Hot and Which Are Not?

Pacific Union Chief Economist Selma Hepp maps home price appreciation and deceleration across individual Bay Area communities this year. This exclusive analysis is available on Pacific Union’s blog at http://pacunion.us/2hdVqz7

Bay Area Homebuyers Push November Sales 10 Percent Higher Than Last Year

Pacific Union Chief Economist Selma Hepp examines November home sales trends across the Bay Area and individual counties. Get her expert take on the numbers and what they mean at http://pacunion.us/2hlkUe4

Pacific Union's November 2016 Real Estate Update

Bay Area homebuyers expressed slightly less urgency in November than in October, with the pace of sales slowing across most of Pacific Union's regions. Stay informed on local market conditions with Pacific Union's latest data-packed Real Estate Update. It’s online at http://pacunion.us/2hn996R

Suburban Communities Fit the Bill for Millennial Homebuyers

The U.S. remains a nation dominated by suburban dwellers, and the Bay Area is no exception. And contrary to popular belief, the majority of millennials are suburbanites, and most of them are buying their first homes in these types of communities. Read more at http://pacunion.us/2hgIRDt

Update Your Bathroom Without Breaking the Bank

You don't have to spend a lot of cash to freshen up your bathroom. Check out this list of helpful tips and resources to breathe new life into your space. It’s online at http://pacunion.us/2hhR61W

Real Estate Roundup: Luxury Home Sales Spike in Lake Tahoe Area

Luxury home sales have been rising for the past year, with one Lake Tahoe area county seeing the largest such gains in the country. Also, mortgage rates rose once again in advance of the upcoming Federal Reserve meeting. Get a high-level view of what's going on with the housing market in Pacific Union's weekly Real Estate Roundup at http://pacunion.us/2hg9mG0

Weekly Real Estate Update

Posted: December 5, 2016

U.S. Jobs Report Suggests Interest-Rate Hike but Also Wage Growth

Pacific Union Chief Economist Selma Hepp takes a look at last week's U.S. jobs report and explains what the numbers mean for wage growth and interest rates looking ahead. For details, go tohttp://pacunion.us/2h3zoiO

 

Bay Area Home Price Gains Should Far Outpace Sales Gains in 2017

The Western U.S. is projected to lead the country for home price gains next year, with Bay Area appreciation expected to run at more than double the national rate. Read more at http://pacunion.us/2gWSdDW

 

California Real Estate Remains a Hot Commodity After Election

Demand for U.S. real estate remains strong this holiday season and appears poised to carry over into 2017, with California and Bay Area cities again ruling the list of the nation's most sought-after housing markets. Details are at http://pacunion.us/2gQ10rn

 

U.S. Home Prices Still Substantially Short of Pre-recession Peaks

Even with the rapid appreciation seen across the country over the past few years, home prices are still quite a bit lower than levels recorded a decade ago. And despite mortgage rates that are already rising, affordability is improving nationwide and here in the Bay Area. Get the facts at http://pacunion.us/2gGSCaR

 

Keep Your Home and Loved Ones Safe This Holiday Season

The upcoming holiday season is a joyous time, but it presents some unique challenges, too. Take care to keep you and your loved ones safe in the coming weeks. Read more at http://pacunion.us/2gQbkwQ

 

Real Estate Roundup: California Sees Refinance Boom in Third Quarter

Coastal California metro areas, including San Francisco and San Jose, saw refinancing activity explode before the U.S. presidential election. And with good reason, as mortgage rates again ticked up to a yearly high last week. Get the lowdown in Pacific Union's weekly Real Estate Roundup. It’s online athttp://pacunion.us/2h3MdJU

Weekly Real Estate Update

Posted: November 28, 2016

Bay Area Job Market Chugs Along in October

California continued its run of solid job growth this fall, with employers adding 31,200 jobs in October and the Bay Area accounting for more than one-third of those positions. Read more at http://pacunion.us/2gGzyNn

 

Tread On Me: A Guide to Home Flooring Choices

Get a quick rundown of the various types of flooring materials available to homeowners, including the pros and cons of each. Our guide is at http://pacunion.us/2g0vtzg

 

Real Estate Roundup: Bay Area Homes Are Selling Faster Than Anywhere Else

Bay Area homebuyers wasted no time in October, with properties in the San Francisco and San Jose metro areas selling at the nation's fastest clip. Check out the latest headlines of note in Pacific Union's weekly Real Estate Roundup. It’s online at http://pacunion.us/2gCiCXE

Weekly Real Estate Update

Posted: November 21, 2016

Key Takeaways From Pacific Union's San Francisco Bay Area Forecast to 2019

Pacific Union recently held its third annual Real Estate and Economic Forecast in partnership with John Burns Real Estate Consulting in order to project Bay Area activity through 2019. Pacific Union Chief Economist Selma Hepp, one of the panelists at the event, offers key, high-level takeaways at http://pacunion.us/2g3gHbW

 

Housing Affordability Improves in 7 Bay Area Counties in the Third Quarter

A lack of affordable homes continues to present one of the largest challenges for California and Bay Area buyers, so it comes as welcome news that more residents – if only slightly more – can make the mortgage payments on the average Bay Area property. Read more at http://pacunion.us/2gctL24

 

Coastal California's Big Home Prices Pushing Buyers Inland

Although high home prices on California's coastline are driving some buyers to less expensive states, others are turning to central areas of the Golden State, which is putting pressure on price points at the lower part of the market. Get the facts at http://pacunion.us/2gqnuju

 

California at the Bottom for U.S. Housing Affordability

The Golden State's lack of affordable housing has been in the spotlight lately, and a third-quarter index underscores that point, with nine California cities ranking among the country's 10 least affordable markets. For more on the story, go to http://pacunion.us/2gel876

 

Real Estate Roundup: Bay Area Rental Home Investors Can Score Nice Winter Bargains

Investors seeking a Bay Area rental property may find that early winter is the ideal time to get a bargain. Also, mortgage rates are soaring as the dust settles from the U.S. presidential election. Get these stories and more in Pacific Union's weekly Real Estate Roundup. It’s online at http://pacunion.us/2gs3gFM

Weekly Real Estate Update

Posted: November 14, 2016

The Trump Era: What the Disruption Could Mean for the Economy and Housing Market

Pacific Union Chief Economist Selma Hepp offers her perspective on what the presidential election's unexpected outcome might mean for the economy and housing market. Read her analysis athttp://pacunion.us/2fKOl6c

 

Pacific Union’s October 2016 Real Estate Update

The first month of the fourth quarter was a typically busy time for Bay Area real estate, with the months' supply of inventory (MSI) declining or holding steady from September across the majority of Pacific Union's regions. Check out our October real estate update and stay up to date on current market conditions athttp://pacunion.us/2fQYAt2

 

First-Time Buyer Activity Gradually Bouncing Back in 2016

First-time homebuyers have been busier in 2016 than they were the previous year, getting a boost from both wage growth and mortgage rates that are still hovering near record lows. Get the full story athttp://pacunion.us/2fPogpJ

 

U.S. Housing Market, Economy Just Short of Full Recovery

More than seven years after the U.S. began climbing its way out of the Great Recession, the housing market and the economy are almost back to normal. In Silicon Valley, conditions have surpassed their baseline and stand among the best in the country. Read more at http://pacunion.us/2fTnXuf

 

'Tis the Season for Raking Leaves and Spreading Mulch

Spending an afternoon raking the lawn may not break onto the list of your top 10 favorite things to do, but your yard will appreciate it. And so will little kids and dogs, when you have big piles of leaves!http://pacunion.us/2fIAk8P

 

Real Estate Roundup: Apple's New Campus Boosts Silicon Valley Home Prices

Apple's state-of-the-art new campus in Cupertino is pushing up nearby home prices, while yet another housing analyst highlights the inventory shortages plaguing the Bay Area. Check out these and other headlines of note in Pacific Union's weekly Real Estate Roundup. It’s online at http://pacunion.us/2fYotXI

Weekly Real Estate Update

Posted: November 7, 2016

San Francisco Again Named Nation's Hottest  and Quickest-Paced  Housing Market in October

U.S. homes sold slightly quicker this year in October than they did one year ago, particularly in San Francisco, which once again ranks as the country's hottest real estate market. Get the full story athttp://pacunion.us/2fvbxZe

 

Bay Area Wage Growth Outpaces U.S., Other Large Cities

Bay Area employees have enjoyed larger wage gains over the past year than workers in other top-tier American metro areas, and the positions with the most income growth may come as a surprise to many local residents. Read more at http://pacunion.us/2fyBbfO

 

Smart Home Technologies Have Broad Appeal and Can Cut Insurance Bills

Internet-connected smart home devices have wide appeal with today's buyers – especially younger buyers who are used to living with their smartphones. And some insurance carriers are offering discounts to owners who wire their home with smart amenities. For details, go to http://pacunion.us/2f9g3cm

 

Something Winter This Way Comes: Tips for Protecting Your Home

Though winter in the Bay Area is not extreme as in places like Boston or New York City, there are still a few things homeowners can and should do to make their houses more efficient and ready for the cooler, wetter weather. Check out these tips for winter-proofing your home at http://pacunion.us/2femqLo

 

Real Estate Roundup: Rising Home Sales and Prices Projected for 2017

The coming year will see steady growth in existing-home sales and prices. Also, San Jose and San Francisco lead the U.S. in home price gains. Get the latest and most relevant housing-market headlines in Pacific Union's weekly Real Estate Roundup. It’s online at http://pacunion.us/2fLiMfN

Weekly Real Estate Update

Posted: October 31, 2016

After a Relatively Slower Summer, San Francisco Home Sales Pick Up in the Fall

San Francisco real estate market activity was noticeably cooler this summer than last, with fewer properties selling above asking price and sellers receiving smaller premiums. Pacific Union Chief Economist Selma Hepp explains what it all means and what to expect looking ahead. Read it online at http://pacunion.us/2f5siK9

Unemployment Rates Decline Across the Entire Bay Area in September

Although California created only half the number of jobs in September as it did in August, the economy is still running strong, with Bay Area unemployment rates once again dropping across the board. Get all the facts and figures at http://pacunion.us/2eqPKCq

San Francisco: The No. 1 U.S. City for Building Wealth

Both in spite of and because of its pricey housing market, San Francisco ranks as the best city in America for accumulating wealth. Read more at http://pacunion.us/2faGCkG

Demystifying Homeowner Associations

Townhomes, condominiums, homes in planned developments, co-op style housing -- most of these types of residences are sold along with a homeowner association (HOA) agreement. Get the lowdown on how HOAs work and find out what some new luxury condominium buildings in San Francisco are charging. Our report is at http://pacunion.us/2eMG15w

Real Estate Roundup: Home Sales, Homeownership Rising

Western states posted a strong rise in pending home sales in September, the biggest regional increase in the U.S. Also, homeownership is edging higher across the U.S., and San Francisco's Pacific Heights neighborhood gets a recommendation for Halloween trick-or-treat activity. Get the latest information on these and other news items in Pacific Union's weekly Real Estate Roundup. It’s online at http://pacunion.us/2fnHXER

Weekly Real Estate Update

Posted: October 24, 2016

Pacific Union Quarterly Report: Q3 2016

Pacific Union's new and improved quarterly report has all the latest regional and community-level real estate market data, along with expert commentary and forecasts. Find out how the recently completed third quarter played out across all of our Bay Area regions at http://pacunion.us/2e2CzHq

 

Most Bay Area Counties Have Surpassed All-Time-High Home Prices

Although California single-family home prices are still short of their record highs, the majority of Bay Area counties have eclipsed the peaks that they attained during the previous housing boom. Read the full story athttp://pacunion.us/2e5TGYP

Silicon Valley Home Sales Activity Slows but Not in All Price Ranges

Pacific Union Chief Economist Selma Hepp dives into slowing sales trends in certain segments of the Silicon Valley housing market and offers a look at what to expect moving forward. Read her analysis athttp://pacunion.us/2ep8Lkt

San Francisco: America's Greenest City in 2016

Bay Area homeowners who have made energy-efficient or other environmentally friendly upgrades to their properties may have some additional leverage when the time comes to sell, as four local cities count among the nation's 10 greenest this year. Read all about it at http://pacunion.us/2eoUjJi

Bay Area Home Styles: Spotlight on the Postmodern

Eclectic, ornamental, and whimsical, the Postmodern home was born in the 1970s and 1980s and takes elements from a number of other architectural styles. Details are at http://pacunion.us/2ecLE0x

Real Estate Roundup: Chinese Investment in Bay Area Real Estate Still Going Strong

Chinese investors still play a crucial role in the Bay Area's luxury housing market, while interest in real estate is growing among first-time buyers nationwide. Check out these and other headlines of note in Pacific Union's weekly Real Estate Roundup. It’s online at http://pacunion.us/2etVcjR

Weekly Real Estate Update

Posted: October 24, 2016

Pacific Union Quarterly Report: Q3 2016

Pacific Union's new and improved quarterly report has all the latest regional and community-level real estate market data, along with expert commentary and forecasts. Find out how the recently completed third quarter played out across all of our Bay Area regions at http://pacunion.us/2e2CzHq

 

Most Bay Area Counties Have Surpassed All-Time-High Home Prices

Although California single-family home prices are still short of their record highs, the majority of Bay Area counties have eclipsed the peaks that they attained during the previous housing boom. Read the full story athttp://pacunion.us/2e5TGYP

Silicon Valley Home Sales Activity Slows but Not in All Price Ranges

Pacific Union Chief Economist Selma Hepp dives into slowing sales trends in certain segments of the Silicon Valley housing market and offers a look at what to expect moving forward. Read her analysis athttp://pacunion.us/2ep8Lkt

San Francisco: America's Greenest City in 2016

Bay Area homeowners who have made energy-efficient or other environmentally friendly upgrades to their properties may have some additional leverage when the time comes to sell, as four local cities count among the nation's 10 greenest this year. Read all about it at http://pacunion.us/2eoUjJi

Bay Area Home Styles: Spotlight on the Postmodern

Eclectic, ornamental, and whimsical, the Postmodern home was born in the 1970s and 1980s and takes elements from a number of other architectural styles. Details are at http://pacunion.us/2ecLE0x

Real Estate Roundup: Chinese Investment in Bay Area Real Estate Still Going Strong

Chinese investors still play a crucial role in the Bay Area's luxury housing market, while interest in real estate is growing among first-time buyers nationwide. Check out these and other headlines of note in Pacific Union's weekly Real Estate Roundup. It’s online at http://pacunion.us/2etVcjR