Nick's Blog

Weekly Real Estate Update

Posted: March 21, 2016

Western State Homeowners Express Confidence in Price Gains

The majority of homeowners in Western states think that home prices have increased over the past year, although only about half of them expect appreciation to continue into 2016. Americans are also split on continued economic improvement. Read more at http://pacunion.us/1S2Wlfg

Silicon Valley Residents Boast the Nation's Best Money-Management Skills

It takes a substantial down payment, a high household income, and outstanding credit to buy a property in Silicon Valley, so it stands to reason that homeowners there are a financially responsible bunch. Get the full story at http://pacunion.us/1V7OLTq

Springtime Beckons. So Does Your Backyard.

There's no better time than the spring to make improvements to outdoor spaces. A well-developed backyard makes life more enjoyable, and it adds significant value to your home. Details are at http://pacunion.us/1SY7kZM

Families Flocking to San Francisco's Affordable, Diverse Excelsior

Located south of Bernal Heights and north of Crocker-Amazon, San Francisco's Excelsior neighborhood is a mostly residential enclave that is growing in popularity with families, thanks in part to its relative affordability. Read our neighborhood profile at http://pacunion.us/1STxE7a

Real Estate Roundup: Bay Area Counties Have State's Most All-Cash Buyers

One-quarter of California homebuyers paid all cash last month, and that number is even higher in two of the Bay Area's priciest counties. Also, a well-known economist offers three reasons a housing bubble won't happen. Check out the week's headlines in our Real Estate Roundup, online at http://pacunion.us/1SZxIT4

Weekly Real Estate Update

Posted: March 14, 2016

Pacific Union’s February 2016 Real Estate Update

The months' supply of inventory mostly rose from January to February across Pacific Union's Bay Area markets, with two exceptions: San Francisco condominiums and Lake Tahoe/Truckee single-family homes. Most properties also sold faster than they did in January. Check out Pacific Union's February Real Estate Update for all the latest market data. It’s online at http://pacunion.us/1LbwulY

Pacific Union Strengthens Silicon Valley Leadership Team, Appoints Leigh Whitten VP

Pacific Union is pleased to share the news that industry veteran Leigh Whitten has joined our firm as vice president of Peninsula development, the next step in strengthening our growing presence in the key Silicon Valley market. Read more at http://pacunion.us/1LcQVyK

Millennial Homebuyers Growing in Number, Heading for Suburbia

The percentage of Generation Y homebuyers ticked up from 2014 to 2015, and though many of these young people initially rent in urban centers, most light out for the suburbs when it is time to become a homebuyer. Get the full story at http://pacunion.us/1nzzpcH

Good to Know: A Look at the Most Unpopular Home Amenities

Take a look at design features that homebuyers don't want – amenities that will generate zero interest and might actually turn buyers away. The report is online at http://pacunion.us/1nBHjSR

Real Estate Roundup: Bay Area Workers Earn Nation's Top Salaries

Workers in the San Jose and San Francisco metro areas earn the highest wages in the country, while home flippers are making handsome profits in three East Bay ZIP codes where hipsters are prevalent. Get a quick look at the week's top headlines in our Real Estate Roundup, at http://pacunion.us/1nDWD1l

Weekly Real Estate Update

Posted: March 7, 2016

California, Bay Area Cities Still Rule the Ranks of the Hottest U.S. Real Estate Markets

For the seventh time in the past eight months, the San Francisco metro area ranked as the nation's hottest real estate market in February, with other Golden State cities also experiencing high demand amid limited supply conditions. Get the full story at http://pacunion.us/21ELnkx

The Bay Area Is Home to One-Third of the World's Young Billionaires

The Bay Area's high-tech renaissance has created massive amounts of wealth for young tech entrepreneurs, making our region a hotbed of billionaires younger than 40. Read all about it at http://pacunion.us/217aUka

Here Are the Top Features That Help Sell Homes Fastest

What makes one home sell overnight and another one languish on the market for weeks on end? A recent study identified a half-dozen attributes such as architectural style and amenities that caught the interest of homebuyers. For more information, go to http://pacunion.us/1LEyenH

Slim Housing Supply Driving Prices Higher in Burlingame's Highly Walkable Burlingables

Conveniently located a short stroll from Burlingame's primary business district, as well as parks, transportation, and schools, the Burlingables neighborhood is currently one of the city's most sought after. And due to a slim supply of homes on the market, sellers in the neighborhood have been doing quite well for themselves over the past year. Read our neighborhood profile at http://pacunion.us/1Rq4qrB

Real Estate Roundup: Bay Area Home Flippers Pull Six-Figure Profits

Investors who managed to flip a home in the Bay Area's two largest cities profited by about three times the national average, while San Francisco is lauded for its high quality of life. Check out the week's top headlines in our Real Estate Roundup at http://pacunion.us/1LFKd4e

Weekly Real Estate Update

Posted: February 29, 2016

Bay Area Cities Rank Among Best in U.S. for Public Transit

The Bay Area's excellent public-transit systems earn two local cities high rankings on a list of the nation's best, a factor that can play an important role for local homebuyers hoping to stay off the freeways. Read more at http://pacunion.us/1S06IlK

Bay Area Population Growth Leads California

Vigorous job growth during the economic recovery has caused the Bay Area's population growth to explode over the past five years, which is in turn driving demand for real estate in a market still struggling with a lack of available homes. Get the full story at http://pacunion.us/1S2b4J9

Home Design Tips: What Works Today, and What Doesn't

Designers at the recent International Builders Show in Las Vegas outlined current trends in home design. If you're a buying or building a home, here's what to look for. If you're selling your home, heed this advice to get the best price. For details, go to http://pacunion.us/21vzwFk

Real Estate Roundup: Golden State Claims 90 Percent of Nation's Least-Affordable Markets

Ninety percent of the country's least-affordable housing markets are located in California, with the Bay Area of course well represented. Get a look at all the week's top headlines in our Real Estate Roundup at http://pacunion.us/1S7fgYd

Weekly Real Estate Update

Posted: February 22, 2016

To Panic or Not to Panic: Think the Bay Area’s Real Estate Market Has the Jitters?

Pacific Union's Vice President of Business Intelligence Selma Hepp offers an in-depth analysis of current economic conditions and how they will impact the Bay Area's housing market. Get the full story at http://pacunion.us/21jInK6

Bay Area Home Affordability Improves in the Fourth Quarter

Here's some welcome news for homebuyers: Housing affordability improved in the Bay Area and across California in the fourth quarter of 2015, according to a recent report. Read all about it at http://pacunion.us/216wUxq

California Home Sales Blast Off in January

Golden State home sales enjoyed their best January in three years, starting 2016 on a positive note. And while inventory conditions in the Bay Area remain the lowest in the state, supply did improve from the previous month. For details, go to http://pacunion.us/1orrlfx

Planning a Remodeling Project? Watch for Trouble Spots in Your Relationship.

A home-remodeling project can strain a relationship. Plan ahead to keep stress at a minimum. Read more at http://pacunion.us/21dIerH

Alameda’s East End Attracts With Schools, Parks, and Recreation

The island city of Alameda is no longer a local secret. It has become a highly desirable location for both East Bay homebuyers and those coming from San Francisco, and its East End neighborhood offers plenty of big pluses. Check out our community profile at http://pacunion.us/1opT0xg

Weekly Real Estate Update

Posted: February 17, 2016

Pacific Union’s January 2016 Real Estate Update

Bay Area home shoppers who ventured out in the first month of 2016 were in luck, as the amount of homes for sale expanded in every one of our regions, although conditions still mostly favor sellers. See how 2016 kicked off in the world of Northern California real estate in our January real estate report. http://pacunion.us/1nYTV7D

Bay Area Cities Top the List of Nation's Wealthiest

Silicon Valley communities are again making news for their high leves of wealth and education, accounting for four of the five most affluent communities in America. We take a look at recent home sales activity in these and other high-end Bay Area enclaves that rank among the country's 20 richest. Find out more at http://pacunion.us/20RLOaQ

Prices Up in 9 of 10 U.S. Housing Markets Last Year

The vast majority of U.S. residential real estate markets saw price growth in 2015, squeezing affordability in many parts of the country. That's especially true here in the Bay Area, where home prices are three to four times the national average. Read more at http://pacunion.us/1o4ffsg

Variety of Homes for White House Contenders

Three presidential candidates have homes adjoining golf courses, two live in high-rise condominiums, and two more live in traditional colonials. Get the full story at http://pacunion.us/1oagUgd

Real Estate Roundup: Bay Area Vacancy Rate Almost Nonexistent

The San Jose and San Francisco metro areas have the lowest vacancy rates in the U.S., while local millennials are pessimistic about their housing options. Get a look at the week's most relevant headlines in Pacific Union's Real Estate Roundup, online at http://pacunion.us/1o8bGS7

Weekly Real Estate Update

Posted: February 8, 2016

California Housing Markets Stay Sizzling as New Year Begins

Golden State real estate continued to command high demand in the inaugural month of 2016, with the Bay Area's largest two cities once again ranked as the nation's hottest. Get the story at http://pacunion.us/20FxQsw

Proper Home Design Crucial to Chinese Buyers

The Chinese make up the fastest-growing segment of homebuyers in the United States, and they strongly prefer newer properties that promote the design philosophy of feng shui. Read more at http://pacunion.us/1nKxrap

Petaluma's Historic Midtown Neighborhood a Nice Fit for First-Time Homebuyers

Within walking distance of downtown and brimming with Sonoma County history, Petaluma's Midtown neighborhood is a popular choice with first-time buyers, thanks to both its convenience and relatively affordable homes. Check out our community profile at http://pacunion.us/1nObgjI

Real Estate Roundup: Bay Area Home Sellers Gain Six Times the National Average

Home sellers in three Bay Area counties cashed out big-time in 2016, while residents of Portland, Oregon, are blaming rising home prices on an influx of Californians. Take a look at the week's top headlines in our Real Estate Roundup. See it at http://pacunion.us/1nSY393

Weekly Real Estate Update

Posted: February 1, 2016

California Home Sales Set for Modest Increase in 2016

Pending home sales were on the rise both statewide and here in the Bay Area in December, a sign that points to a moderate increase in activity in 2016. Get the full story at http://pacunion.us/1PC8xG7

Bay Area, California Job Growth Strong in December

Although California unemployment claims ticked up slightly in the final month of 2015, job growth was solid, foreshadowing what will hopefully be another a bright year ahead for the state's labor and housing markets. Read more at http://pacunion.us/1OTSDBg

Tips for Lowering Homeowner's Insurance Premiums

Homeowner's insurance costs can vary by hundreds of dollars a year depending on the insurance company you buy your policy from, but there are other ways you can lower the price, too. Here are a dozen tips: http://pacunion.us/1nJ7d8h

Homeowners Open Up to Open Kitchens

As homeowners spend more time entertaining, socializing, and working in their kitchens, remodelers are finding that their jobs are all about enhancing the flow to both indoor and outdoor spaces. For details, go to http://pacunion.us/1PFIXQr

Real Estate Roundup: Bay Area Has Nation's Smallest Underwater-Home Rate

A very small number of San Francisco and San Jose homeowners are underwater, while businesses and homeowners in the latter city hope to cash in on Super Bowl 50. Get a look at the latest headlines in our weekly Real Estate Roundup at http://pacunion.us/1KQLlwa

Weekly Real Estate Update

Posted: January 25, 2016

Pacific Union Quarterly Report: Q4 2015

Get the latest market statistics, expert commentary, and our exclusive Bay Area and economic and real estate forecast in Pacific Union's Q4 2015 report. It’s online at http://pacunion.us/1njFR8n

December Home Sales Volume Spikes in California, Bay Area

Golden State and Bay Area home sales rebounded as 2015 came to a close, say the latest numbers from the California Association of Realtors. That, combined with fewer new listings, exacerbated already tight inventory conditions statewide and locally. Get the full story at http://pacunion.us/1nfZ3nu

Latest Home Design Trends Are Familiar in the Bay Area

Some of the newest and hottest design ideas at the recent International Builders' Show in Las Vegas are old favorites in the Bay Area and the rest of California. Read more at http://pacunion.us/1OLeQBq

Palo Alto's Low-Key Midtown Neighborhood a Hot Spot for New Homes

A significant number of new homes built on spacious lots, along with excellent public schools, have helped make Palo Alto's Midtown neighborhood an increasingly popular choice with Silicon Valley families over the past few years. Check out our community profile at http://pacunion.us/1OHarzs

Real Estate Roundup: Mortgage Rates Keep Dropping in the New Year

Mortgage rates have dropped every week thus far in 2016, while the construction of Super Bowl City is projected to cause traffic madness in downtown San Francisco. Get a look at the latest headlines in our weekly Real Estate Roundup: http://pacunion.us/1OMeGcN

Weekly Real Estate Update

Posted: January 19, 2016

San Francisco to Remain a Top Market for International Investors in 2016

The U.S. is by far the most favorable country for foreign real estate investors seeking a safe haven for their money, new survey results say. And just as last year, San Francisco is one of the top destinations for international investors, both on a national and global level. Read more at http://pacunion.us/1mRUwaO

Bay Area All-Cash Sales Bounce Back in a Big Way

All-cash sales across the U.S. rose to the highest level in nearly three years in November, with Bay Area cities posting the largest increases in such transactions. Get the full story at http://pacunion.us/1OrYwVW

Survey: Improving Economy a Boost to Housing Markets

A survey by Fannie Mae found that Americans are increasingly optimistic about housing market conditions, encouraged by a growing confidence in their personal financial outlook and the U.S. economy in general. For more survey results, go to http://pacunion.us/1OtdFGG

Pacific Union Appoints David Buurma President of Property Management Division

We are pleased to announce that industry veteran David Buurma has been named president of Pacific Union Property Management, our firm's joint venture that provides full-service property management services throughout the Bay Area. Read more at http://pacunion.us/1On1CKS

Real Estate Roundup: Bay Area Homes Still Worth More Than Owners Think

Bay Area homeowners continue to underestimate what their home is worth – bucking the national trend – while Mark Zuckerberg's Mission District neighbors are irritated at him again. Get a quick look at the most compelling headlines in our weekly Real Estate Roundup. It's online at http://pacunion.us/1n6spom