Nick's Blog

Weekly Real Estate Update

Posted: July 25, 2016

Pacific Union Quarterly Report: Q2 2016

Find out how second-quarter real estate activity played out across the Bay Area and the Lake Tahoe region in Pacific Union's comprehensive quarterly report, which offers expert local commentary and is packed with data. It's online athttp://pacunion.us/2aahp4q

San Francisco Annual Home Price Growth Lower Than Statewide Average in June

San Francisco remains the most expensive county in California in which to purchase a home, but year-over-year price growth is relaxing, as is appreciation in another major Bay Area job hub. Get the facts at http://pacunion.us/2admZ6e

University of California System Shines in 2016 Best College Rankings

Top-quality schools are a primary concern for many Bay Area homebuyers, and the public University of California system is a key draw, as highlighted by this year's list of the best colleges in America. Read more at http://pacunion.us/29PHRnC

An Etiquette Guide for Homebuyers and the Home-Curious

If you're planning to hit the open-house circuit in the next few months, here are a few etiquette tips to keep you looking classy while you're looking for a new home. Details are online at http://pacunion.us/29Z3kus

Real Estate Roundup: First-Time Homebuyers Get Busy in June

First-time buyer activity was at its highest level in four years in June, helping to buoy U.S. home sales. Closer to home, residents of one Silicon Valley neighborhood are trying to preserve its unique architectural pedigree. These stories and more are in our weekly Real Estate Roundup at http://pacunion.us/2af4qPp

Weekly Real Estate Update

Posted: July 18, 2016

Very Few Signs of a Housing Bubble, Real Estate Executives Say

Residential construction activity and home price appreciation are both expected to see modest growth over the next 12 months, with the U.S. housing market showing very little indication of a looming bubble. Get the full story at http://pacunion.us/29V970g

 

Want to Buy a Home in San Francisco? Save This Much Cash Each Day.

How much money should you save each day in order to make a down payment on the typical home in the San Francisco metro area five years from now? Quite a bit, it turns out. Details are at http://pacunion.us/29RyTTk

 

California Now Ranks as the 6th Largest Global Economy

California's thriving economy was the nation's fastest-growing last year, helping to push the state higher up on the list of global economic powerhouses. Bay Area counties are leading the charge, but the breakneck job growth is creating housing challenges for the region. Read all about it at http://pacunion.us/29zs4Ju

 

Bay Area Home Styles: Spotlight on the Craftsman

In the first installment of an ongoing series on prominent Bay Area architecture styles, we take a look at the classic Craftsman-style home. Our report is at http://pacunion.us/29WjVvg

 

Real Estate Roundup: Golden State's Energy Costs Are a Bargain

California's temperate climates help keep overall energy costs low. Also, London's pain may be San Francisco's gain in the high-end real estate market. Check out these and other recent headlines of note in our weekly Real Estate Roundup at http://pacunion.us/2a5E0PT

Weekly Real Estate Update

Posted: July 11, 2016

Employment Growth Shows Renewed Vigor, With the IT Sector in the Lead

Pacific Union Vice President of Business Intelligence and Chief Economist Selma Hepp offers her expert perspective on the just-released June U.S. jobs report. Details are at http://pacunion.us/29B780T

 

China Tops List of U.S. International Homebuyers Four Years Running

For the fourth straight year, buyers from China invested more money in U.S. real estate than any other foreign country. They also purchased the most housing units and the priciest homes, and California remains one of their preferred destinations. Get details at

http://pacunion.us/29t226P

 

U.S. Homeownership Rate Continues Decline While Construction Trends Up

The national homeownership rate slid again in 2015 despite the fact that most Americans think that real estate is a sound financial decision. So it comes as welcome news that both single-family and multifamily construction starts were up last year, key to addressing inventory constraints and affordability issues that are keeping more people from owning homes. Get the full story at http://pacunion.us/29kkO44

 

What Colors to Paint Your Interior Walls? You Have Plenty of Choices.

Retailers today offer a variety of digital tools to help you pick the perfect interior color from your home computer or your iPad, iPhone, or Android device. Some tools allow you to visualize selected color schemes right on your own walls. Read all about it at http://pacunion.us/29rGI5x

 

Real Estate Roundup: Silicon Valley Property Values Flying High

Property values in Santa Clara County continue their run-up thanks to Silicon Valley's thriving economy, while Brexit has prompted a surge in refinancing activity. Check out these and more headlines of note in Pacific Union's latest Real Estate Roundup. It’s online at http://pacunion.us/29sNSWY

Weekly Real Estate Update

Posted: July 11, 2016

Employment Growth Shows Renewed Vigor, With the IT Sector in the Lead

Pacific Union Vice President of Business Intelligence and Chief Economist Selma Hepp offers her expert perspective on the just-released June U.S. jobs report. Details are at http://pacunion.us/29B780T

 

China Tops List of U.S. International Homebuyers Four Years Running

For the fourth straight year, buyers from China invested more money in U.S. real estate than any other foreign country. They also purchased the most housing units and the priciest homes, and California remains one of their preferred destinations. Get details at

http://pacunion.us/29t226P

 

U.S. Homeownership Rate Continues Decline While Construction Trends Up

The national homeownership rate slid again in 2015 despite the fact that most Americans think that real estate is a sound financial decision. So it comes as welcome news that both single-family and multifamily construction starts were up last year, key to addressing inventory constraints and affordability issues that are keeping more people from owning homes. Get the full story at http://pacunion.us/29kkO44

 

What Colors to Paint Your Interior Walls? You Have Plenty of Choices.

Retailers today offer a variety of digital tools to help you pick the perfect interior color from your home computer or your iPad, iPhone, or Android device. Some tools allow you to visualize selected color schemes right on your own walls. Read all about it at http://pacunion.us/29rGI5x

 

Real Estate Roundup: Silicon Valley Property Values Flying High

Property values in Santa Clara County continue their run-up thanks to Silicon Valley's thriving economy, while Brexit has prompted a surge in refinancing activity. Check out these and more headlines of note in Pacific Union's latest Real Estate Roundup. It’s online at http://pacunion.us/29sNSWY

Weekly Real Estate Update

Posted: July 5, 2016

Bay Area Suburbs Again Top San Francisco as Hottest U.S. Housing Market

While San Francisco may steal the majority of the national headlines when it comes to Bay Area real estate, cities in relatively affordable Solano County commanded the most attention from prospective homebuyers as June drew to a close. Read more at http://pacunion.us/29nWwTc

Slowing Luxury Home Sales: A Closer Look at Lamorinda

The luxury home market in Contra Costa County's most desirable communities is in the process of normalizing. Pacific Union Chief Economist and Vice President of Business Intelligence Selma Hepp takes a closer look at the numbers behind this trend. Get the facts at http://pacunion.us/294gkuC

The Kitchen Remains the Most Popular Home-Improvement Project

For the fifth straight year, more homeowners renovated their kitchens than any other room in the house in 2015, and those projects are getting more expansive – and expensive. For details, go tohttp://pacunion.us/296634L

Let’s Take This Outside: Creating the Perfect Outdoor Space

Get in the mood for the summer season's barbecues and festive gatherings with these tips and resources for creating an ideal outdoor space. They’re online at http://pacunion.us/29aCL1a

Real Estate Roundup: Housing Costs Stretch Bay Area's Geographic Footprint

More than 600,000 people commute into the nine-county Bay Area each day from other places in Northern California, blurring the region's geographical boundaries. Also, mortgage rates are near their all-time lows, thanks in part to the recent Brexit development. Check out recent headlines of note in our weekly Real Estate Roundup. Get all the week’s top news at http://pacunion.us/29bQJU4

Weekly Real Estate Update

Posted: June 27, 2016

Brexit: Something Is Rotten in Denmark.

In her latest Economic Straight Talk column, Pacific Union Chief Economist and Vice President of Business Intelligence Selma Hepp offers her take on the U.K.'s unexpected decision to leave the European Union and how it might impact the U.S. housing market. It’s online at http://pacunion.us/28UwkDa

Pacific Union Professionals Honored for Sales Achievements

Pacific Union is humbled and honored to share the news that 11 of our real estate professionals have been ranked among the most productive in the United States, a testament to our firm's commitment to recruiting and retaining Northern California's top performers. Read more at http://pacunion.us/28TpJVC

Low Affordability, Inventory Stifle Bay Area Home Sales Gains

Home sales volume dropped on an annual basis in most Bay Area counties last month, with two familiar culprits at least partially to blame. Prices, meanwhile, rose uniformly across the region from one year earlier. Get the facts at http://pacunion.us/28TGTl8

U.S. Median Home Price Climbs to All-Time High

The nation's housing market continues to fire on all cylinders, with existing home prices reaching a new peak last month. And here in the Bay Area, homes are selling at the fastest pace in the country. Details are at http://pacunion.us/28Qgndk

California Adds More Than Half of U.S. Jobs This Spring

California's May job numbers offer more reason for optimism in our local economy; in several pockets of the Bay Area, jobless claims have dropped to lows not seen since the dot-com era. Get all the facts and figures at http://pacunion.us/28MvMKU

Visualize!: Using Virtual Tools When Remodeling

Planning a home-improvement project this summer? Check out this primer on virtual-reality-based remodeling apps. Go to http://pacunion.us/28Sf3dB

Real Estate Roundup: The Impact of Presidential Elections on California's Housing Market

Find out how U.S. presidential elections typically affect the Golden State's housing market, as well as which Bay Area companies are the best at attracting and retaining employees. Get these and more recent headlines of note in our weekly Real Estate Roundup at http://pacunion.us/28TVTQN

Weekly Real Estate Update

Posted: June 20, 2016

A Tale of Two Economies: The U.S. and California

Pacific Union Chief Economist and Vice President of Business Intelligence Selma Hepp weighs in on recent economic developments, both nationally and here in the Golden State. New on the Pacific Union blog at http://pacunion.us/1UAKDv3

Bay Area Affordability Conditions: Tighter All Around Since Recession

The Bay Area has traditionally been a more expensive region in which to purchase real estate than in many other California locales, and housing affordability has tightened considerably since the recession ended – particularly in suburban and outlying counties. Get the details at http://pacunion.us/1UydfkB

Majority of Highest-Paying American Companies Located in the Bay Area

A recent report calls the Bay Area the best region in the country to land a fat paycheck, a near necessity given the region's big-ticket housing costs. Read the full story at http://pacunion.us/1XrugTG

Half of California Renters Plan to Buy a Home

About 50 percent of Golden State renters plan to eventually purchase a home, and a substantial portion of them will stay local when they do. Get the details at http://pacunion.us/1XmbFs1

Real Estate Roundup: Almost All San Francisco Homeowners Have Positive Equity

Almost 100 percent of homeowners in the San Francisco metro area are in positive-equity territory, while mortgage rates have just dropped to three-year lows. Check out these and other notable headlines in our weekly Real Estate Roundup, online at http://pacunion.us/1V2zS0n

Weekly Real Estate Update

Posted: June 14, 2016

The Impact of Market and Economic Volatility on Bay Area Luxury Home Sales

Bay Area high-end home sales slowed this spring from last year, as markets continue their expected patterns of normalization. Pacific Union Vice President of Business Intelligence and Chief Economist Selma Hepp offers an in-depth analysis of the current state of the luxury housing market. Go to http://pacunion.us/1UnDjPs

Pacific Union’s May 2016 Real Estate Update

Whether you plan to become a homebuyer or a seller over the course of the summer, educate yourself about current market conditions with Pacific Union's monthly real estate update. It’s online at http://pacunion.us/1Uo4bi2

The Latest U.S. Jobs Numbers Are Confusing but Offer Plenty of Optimism

Pacific Union Vice President of Business Intelligence and Chief Economist Selma Hepp takes a detailed look at the latest U.S. employment numbers. Get the full story at http://pacunion.us/1Uq485m

What Did Bay Area Home Prices Look Like 25 Years Ago?

Check out how much homes in Bay Area counties cost in 1990 – and how far they've come since. It’s on Pacific Union's blog at http://pacunion.us/1Xc7W04

Real Estate Roundup: Confidence in U.S. Housing Market Climbs to All-Time High

Americans are feeling quite good about the real estate market, say results from a recent study. Here in the Bay Area, Facebook is planning to hire thousands of workers in Menlo Park over the next few years, which will almost certainly further squeeze the housing market. Get the lowdown in our weekly Real Estate Roundup at http://pacunion.us/1XjbwWy

Weekly Real Estate Update

Posted: June 6, 2016

Suburban Bay Area City Now Ranks as Nation's Hottest Housing Market

Demand for Northern California real estate remains as intense as ever, with relatively affordable Bay Area bedroom communities commanding the most interest in the country in May. Get the full story at http://pacunion.us/1RMVzQm

No Surprise: Bay Area Named Tops for Job Seekers in 2016

News of California's economic prosperity keeps rolling in: The state created more than one-third of U.S. jobs in April, and now a recent report ranks the Bay Area's two largest cities as the best places in the nation to find employment in 2016. For details, go to http://pacunion.us/1RO1Xqm

A Look at Typical U.S. Homebuyers, Sellers

Who is the typical homebuyer in America, and what compels him or her to enter today's real estate market? How is the typical home purchase financed, and how satisfied is the buyer when the deal closes? What about the seller? These questions and more are answered in a survey by the National Association of Realtors. Go online to http://pacunion.us/1X2BqxC

Real Estate Roundup: Bay Area Home-Flipping Rate in Line With U.S.

Home-flipping activity here in the high-dollar Bay Area isn't all that different than it is nationwide, while San Jose has replaced Boston as the country's third most expensive rental market. Check out these and other notable headlines in Pacific Union's weekly Real Estate Roundup. It’s online at http://pacunion.us/1X6UydV

Weekly Real Estate Update

Posted: June 1, 2016

San Francisco a Top Destination for Chinese Investment

Chinese investment in U.S. residential and commercial real estate has surged in recent years, with San Francisco one of the key locations for foreign cash. Get the full story at http://pacunion.us/1OLTO5Q

California Creates More Than One-Third of New U.S. Jobs in April

The Golden State was responsible for a sizable share of the country's new jobs last month and continues to outpace the nation in terms of employment growth. Read more at http://pacunion.us/1WfvAsF

The Pacific Union Community Fund: Giving Back for More Than Two Decades

Earlier this month, members of the San Francisco Pacific Union Community Fund toured the soon-to-be opened Zuckerberg San Francisco General Hospital and Trauma Center. The fund has helped hundreds of Bay Area community organizations over the past 20 years. For details, go to http://pacunion.us/1WnoUsi

Is Your Home a Victim of Updating? Restore Some Charm With These 6 Tips.

Over the years, most historic homes have been renovated, refurbished, or edited in some way. Here are a few things that owners can do to help bring back their home's original period charm: http://pacunion.us/1TZboFa

Thousand Oaks: A Berkeley Neighborhood That Literally Rocks

Schools, a nearby thriving commercial strip, and attractive homes all make Berkeley's Thousand Oaks a popular place to settle down, and its geology lends the neighborhood a unique, rugged appearance. But as in other sought-after East Bay enclaves, home shoppers should be prepared for plenty of competition. Read our neighborhood profile at http://pacunion.us/1WmjCNP