Nick's Blog

Weekly Real Estate Update

Posted: January 23, 2017

Pacific Union Quarterly Report: Q4 2016

Check out Pacific Union's comprehensive fourth-quarter report, which offers the latest regional and community-level real estate statistics for all of our Northern California regions, along with expert commentary from Chief Economist Selma Hepp. Read the report at http://pacunion.us/2j2mHCb

 

Annual Home Prices Up in All Nine Bay Area Counties in December

The Bay Area enjoyed uniform year-over-year home price appreciation in the final month of 2016, though persistent tight inventory conditions and affordability will likely remain challenges for the region and the state in 2017. Get the full story athttp://pacunion.us/2k8XVAe

 

Most Bay Area Home-Remodeling Jobs Projected to Pay Back in 2017

Homeowners in the nation's hottest real estate markets can expect to reap substantial returns on home-renovation projects that they undertake this year, with the majority of jobs in San Francisco and San Jose projected to earn back 100 percent of their costs.For details, go to http://pacunion.us/2jz0caM

 

A Checklist for Finding Your Dream Neighborhood

Commute, noise, schools, and more: Check out our high-level list of neighborhood factors to consider when plotting the location of your next home. Head over to http://pacunion.us/2jAj3m4

 

Real Estate Roundup: Mortgage Rate Hikes Will Cost Bay Area Buyers the Most

Here's a bit of timely news for potential Bay Area homebuyers who are sitting on the fence: Rising mortgage rates could cost you up to an extra $450 per month when they reach 5 percent. Get these and other headlines of note in Pacific Union's weekly Real Estate Roundup. It’s online at http://pacunion.us/2jQUVf7

Weekly Real Estate Update

Posted: January 16, 2017

Election Outcome and Rising Mortgage Rates Temporarily Slow Bay Area Home Sales

Home sales across the Bay Area declined more than usual in the final month of 2016. Pacific Union Chief Economist Selma Hepp takes a look behind the numbers in her latest analysis. Read the full story at http://pacunion.us/2j0KMsO

 

San Francisco: Still a Top Five Global City for Foreign Real Estate Investors

Even with the uncertainties surrounding the incoming presidential administration, international investors remain almost unanimously confident in U.S. real estate, with San Francisco again ranking as one of the most popular global markets. Get the facts at http://pacunion.us/2jgxD2T

 

In the Bay Area, Land Is More Valuable Than the Homes That Sit on It

A research firm revealed a truth about Bay Area properties: Your home is worth far less than the land it sits on. For more information, go to http://pacunion.us/2jMohfj

 

U.S. Home Construction to See Healthy Gains in 2017

Single-family home production, housing starts, and permits are all expected to rise this year, providing at least some relief to a market starved for inventory, although rising mortgage rates will likely exact a toll on affordability. Read more athttp://pacunion.us/2iFZXHF

 

Renovated Kitchens Equal Healthier Homeowners, Survey Finds

It turns out that remodeling your kitchen can actually lead to a healthier lifestyle. Get a glimpse into the major kitchen-remodeling trends of 2017. It’s on Pacific Union's blog at http://pacunion.us/2jFIlzM

 

Weekly Real Estate Update

Posted: January 9, 2017

Pacific Union CEO Mark A. McLaughlin Named to List of Real Estate Influencers

Pacific Union is honored to share the news that company CEO Mark A. McLaughlin has been named to an esteemed list of industry influencers for 2017. Read all about it at http://pacunion.us/2jkxBqI

Bay Area Projected to Lead U.S. for Home Price Gains in 2017

Home price appreciation in the San Francisco and San Jose metro areas is expected to more than double the national rate this year, while rising mortgage rates will shut more first-time buyers out of the housing market. Get the full story athttp://pacunion.us/2hQZFRU

How Long Will This Take? A Look at Major Home-Renovation Projects

Here’s a short and handy guide on what timelines to expect for some common home-renovation projects. It’s on the Pacific Union blog at http://pacunion.us/2hSy56V

Real Estate Roundup: Voice Control Is the Leading Smart Home Feature

The majority of Americans who have adopted smart home technologies want to control those systems with their voice, a new survey finds. Also, mortgage rates dropped for the first time in two months, and Bay Area rents are also falling. Get these stories and more in Pacific Union's latest Real Estate Roundup. You can find it online at http://pacunion.us/2jl9GHJ

Weekly Real Estate Update

Posted: January 3, 2017

California's 2017 Economic Outlook Is Bright

Since the end of the recession, California's economy has been one of the top performers in the U.S., buoyed by the robust home price appreciation recorded over the past half-dozen years. Get the full story at http://pacunion.us/2hxCkVf

 

Four Bay Area Counties Still More Affordable Than Their Historic Norms

Although Bay Area home shoppers can expect to funnel a hefty portion of their incomes into mortgage payments, about half of local counties are still more affordable than their historic norms. Read more at http://pacunion.us/2ioUsxw

 

New Year Resolutions for Homebuyers and Sellers

Maybe you've been thinking about buying a home in 2017 – or selling one. Now is a good time to set some realistic real estate goals (call them resolutions, if it helps!) for the weeks and months ahead. Here are some ideas to help you get started. For more, go to http://pacunion.us/2hC8AH7

 

Real Estate Roundup: Nearly Half of Young Americans Live With Their Parents

More millennials are living with their parents than at any time since before World War II, while mortgage rates continued to climb as the year ended. Get the lowdown in Pacific Union's inaugural Real Estate Roundup of 2017. It’s on our blog athttp://pacunion.us/2hAiets

Weekly Real Estate Update

Posted: December 27, 2016

California Again Rules List of Hottest Real Estate Markets as Year Ends

As 2016 draws to a close, demand for real estate across the U.S. and California shows few signs of letting up, with San Francisco retaining its title as America's most sought-after market. Get the full story at http://pacunion.us/2hhucrR

 

U.S. Housing Inventory Woes to Continue in 2017

Home sales are surging as 2016 nears its end, though inventory constraints remain a challenge both nationwide and particularly here in the Bay Area. For more information, go to http://pacunion.us/2i2A58W

 

Pacific Union Marks 25 Years of Giving Back to Bay Area Charities

The year 2017 will mark the 25th anniversary of Pacific Union's Community Fund, which enables our real estate professionals to give back to charitable organizations in their communities. Our story is online at http://pacunion.us/2hhQXfl

 

Blended, Golden, and Sophisticated: 2017 Interior-Design Trends

Gold accents, mixed metals, and darker bathrooms are on the list of home-decor trends to expect in the upcoming year. Read more at http://pacunion.us/2hISNVz

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