Nick's Blog

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

Weekly Real Estate Update

Posted: October 17, 2016

Which Bay Area Communities Are Growing the Fastest?

Plentiful jobs continue to bring highly paid workers from across the globe to the Bay Area, which will likely translate to more strong demand for housing for the foreseeable future. And three Silicon Valley communities are doing particularly well when it comes to attracting employees and keeping the economy firing on all cylinders. Get the full story at http://pacunion.us/2dU0XXt

The Modern Touch Makes for the Fastest Appreciating U.S. Home Style

While America's architectural styles are as diverse as the country itself, those who own modern homes are netting the biggest gains when they become sellers. Read more at http://pacunion.us/2dQ5IBv

Prioritizing Home-Improvement Projects: Tips for New Owners

A few Pacific Union real estate professionals offer tips for what home improvements should come first for new owners. Our report is online at http://pacunion.us/2dMQ4e3

It's Fire Prevention Week: How Old Are the Smoke Alarms in Your Home?

This is Fire Prevention Week in California and across the nation, and this year's theme is “Don’t Wait, Check the Date! Replace Smoke Alarms Every 10 Years.” For more information, go to http://pacunion.us/2e3fKza

Real Estate Roundup: The Bay Area Has 1 Million More Jobs Than Homes

A new report further details the Bay Area's housing supply shortage compared with job growth, just as news comes that Tesla Motors wants to add thousands of more workers in Alameda County. Get the skinny on these and other news items of note in Pacific Union's weekly Real Estate Roundup. It’s online athttp://pacunion.us/2dT1vkK

Weekly Real Estate Update

Posted: October 10, 2016

Bay Area Home Sales Projected to Decline Again in 2017

Sales of Bay Area homes appear set to decline in the coming year due to a pair of all-too-familiar culprits: inventory constraints and low affordability. The better news for hopeful homebuyers who are playing the waiting game is that price appreciation is expected to remain moderate and interest rates should remain favorable. Get the full story at http://pacunion.us/2dxhtMT

 

San Francisco Returns to Top of Hottest U.S. Housing Markets Rankings

San Francisco, which lost its title as the hottest U.S. real estate market to a Bay Area suburb back in the spring, returned to the head of the class in September, coinciding with a miniature Indian summer heat wave in Northern California. Read more at http://pacunion.us/2dtPPjS

 

What New Home Buyers Want in Their Kitchens

Owners who are planning on remodeling their homes in advance of putting them on the market would do well to take a look at what kitchen features and finishes builders are using in new homes, as many prospective buyers will want similar amenities. For more information, go to http://pacunion.us/2dsYAyV

 

Bay Area Home Styles: Spotlight on the Ranch-Style Home

Meet the informal and casual ranch home, a popular residential building style in America from the 1940s through the 1970s. Our profile of this home style is at http://pacunion.us/2dCrg4s

 

Real Estate Roundup: China Home Price Growth Far Outpaces San Francisco

San Francisco can't hold a candle to China when it comes to home price growth, one more reason the Bay Area is likely to see continued interest from international buyers. Also, a somewhat surprising report says that Sonoma County is driving most of the startup job growth in the Bay Area. Check out Pacific Union's latest weekly Real Estate Roundup for more. It’s online at http://pacunion.us/2dGsThA

Weekly Real Estate Update

Posted: October 3, 2016

Affordability Improves in Parts of the Bay Area but Remains Low

Although about half of Bay Area counties saw modest housing affordability improvements in the third quarter, the average household can expect to shell out a hefty percentage of its income in order to own a home. Get the full story at http://pacunion.us/2dbfySd

 

California Adds More Jobs in August Than in Any Other Month This Year

Unemployment rates improved in every Bay Area county last month, with California’s economy adding substantially more jobs than it did in July. All the facts and figures are at http://pacunion.us/2d4TV1I

 

Sonoma County Market Overview 2016: Affordability Is Keeping Sales on Pace

Sonoma County enjoyed the largest rate of annual home price appreciation in the Bay Area in August, but the region needs more inventory in order to remain relatively affordable. Pacific Union Chief Economist Selma Hepp offers an in-depth analysis of the local real estate market. It’s on the Pacific Union blog athttp://pacunion.us/2d6IYRh

 

Boost Your Home’s Curb Appeal, Boost Its Value

Almost all real estate professionals believe that a property's curb appeal is a crucial ingredient to wooing potential buyers, and the right outdoor renovation projects can pay sellers back, not to mention making them much happier homeowners. Read about it at http://pacunion.us/2ddwvXZ

 

Sage Advice: Good Fences Make Good Neighbors

Recalling National Good Neighbor Day and the wisdom of a good fence. Read more athttp://pacunion.us/2ddHg0M

 

Real Estate Roundup: Californians Cash Out, Move to Budget-Friendly States

California's housing affordability issue has caused quite a few Golden State residents to cash out and move to less expensive regions of the country over the past 15 years. The Bay Area's shortage of affordable housing has caught the attention of the White House, which has offered suggestions about how to solve the crunch. Check out these and other notable headlines in our weekly Real Estate Roundup. It’s online athttp://pacunion.us/2de62xB

Weekly Real Estate Update

Posted: September 26, 2016

Affordability, Inventory Conditions Again Suppress Bay Area Home Sales in August

Rising prices are putting homes out of reach for an increasing number of California and Bay Area residents, resulting in an annual decline in sales volume last month. Get the full story at http://pacunion.us/2cGeV2F

 

Proud to Be a Californian: State Among the Nation’s Fastest-Growing Economies

Tech-based economies like the Bay Area are among the fastest-growing in the U.S. Pacific Union Chief Economist Selma Hepp offers her take on the current state and future of the California economy, now the world's sixth largest. It’s on online at http://pacunion.us/2cUl9bx

 

U.S. Homeownership Rate, Number of Cost-Burdened Households Drop Again

The number of Americans who own a home declined for the ninth consecutive year, although income gains and low mortgage rates have helped ease the ranks of the cost-burdened. Read more athttp://pacunion.us/2cSCp0I

 

Smart Home Technology Gains Traction With Home Remodelers

Nearly half of all homeowners are adding smart technology upgrades when they undertake a remodeling project, and those who do so are substantially more satisfied with the results. For more information, go tohttp://pacunion.us/2cHRshB

 

Bay Area Home Styles: Spotlight on the Edwardian

Often confused with the Victorian, the lighter and airier Edwardian-style home has a charm all its own. Learn more about this style of architecture, which is particularly prominent in San Francisco, athttp://pacunion.us/2cVe9ed

 

Real Estate Roundup: Millennials Driving Home Sales in Two Hot Bay Area ZIP Codes

ZIP codes in Contra Costa and Sonoma counties have been designated as some of 2016's hottest markets, gaining a boost from millennial buyers. Also, the San Francisco metro area needs more than 100,000 housing starts to keep up with job growth. Check out these and other stories of note in our latest Real Estate Roundup. Get all the week’s top news at http://pacunion.us/2cSUgZj

Weekly Real Estate Update

Posted: September 19, 2016

Pacific Union’s August 2016 Real Estate Update

Although annual home price appreciation continued to moderate throughout much of the Bay Area as summer drew to a close, two of our second-home markets -- Sonoma Valley and Lake Tahoe/Truckee -- enjoyed gains of more than 20 percent. Get a handle on the latest market conditions in Pacific Union's August Real Estate Update. It’s online at http://pacunion.us/2cmVZCT

 

The San Francisco Condo Market Takes a Breather

San Francisco condominium sales and prices have slowed so far in 2016 after several years of frenzied activity. Pacific Union Chief Economist Selma Hepp looks at the numbers behind the trend and explains how they will impact buyers in the city. Read her commentary at http://pacunion.us/2ckrm4j

 

The Bay Area: A Tough Real Estate Market for Home Flippers

High real estate costs, both to purchase and renovate properties, make Bay Area cities among the least friendly in the nation for home flippers hoping to turn a fast profit. Get the full story athttp://pacunion.us/2cnJLwW

 

What's the Value of Your Home? It Depends on Who's Doing the Estimating

If you're looking to sell your home, the danger of underestimating its value is obvious: You risk losing money on the sale. But pricing your home too high can bring problems, too. Here's a look at how to get an accurate estimate: http://pacunion.us/2cutYN5

 

Real Estate Roundup: U.S. Annual Income Growth Climbs to 50-Year High

Household incomes saw the largest annual gains since the 1960s last year, giving a boost to U.S. homebuyers. Also, find out which Bay Area rental markets make the grade and which ones earn failing marks. Check out these stories and more in Pacific Union's weekly Real Estate Roundup. It’s online athttp://pacunion.us/2cCBndd