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News for 08.11.18
 

The Bay Area’s 10 Fastest-Appreciating Housing Markets: Q2 2018

The Bay Area’s 10 Fastest-Appreciating Housing Markets: Q2 2018
As in our first-quarter analysis of Bay Area housing markets that posted the largest annual price gains, most of the 70-plus communities in which Pacific Union operates saw annual appreciation in the second quarter. Silicon Valley communities continued to experience significant year-over-year price increases, with Woodside, Atherton, and Menlo ...
 
News for 08.06.18
 

A Checklist for Finding Your Dream Neighborhood

A Checklist for Finding Your Dream Neighborhood
Everyone knows the saying when it comes to shopping for real estate: location, location, location! But, what does that really mean? And what does a desirable neighborhood really encompass to you? We’ve put together a high-level list of things to consider when plotting the location of your next home.

Commute
Everyone has heard stories about ...
 
News for 07.24.18
 

Losses of Lower-Paying Jobs Drag Down California’s Employment Growth in June

The Golden State created 800 jobs (seasonally adjusted) in June, which is the lowest number since the recovery began in 2010 and follows an upward revision to 7,200 jobs added in May, according to the latest numbers from the state Employment Development Department. Nevertheless, notable losses in seven California industries dragged down the ...
 
News for 07.24.18
 

How Much Does It Cost to Maintain a Home in California?

How Much Does It Cost to Maintain a Home in California?
California homeowners can expect to spend nearly $17,000 each year to maintain their properties, higher than the national average. Atherton ranks as the most expensive city in California for home upkeep, an average of more than $27,000 per year. Replacing a swimming pool’s filtration system is the most expensive routine home-maintenance task, ...
 
News for 07.19.18
 

Are Bay Area Housing Markets Getting the Jitters? June’s Median Price Growth Doesn’t Suggest So.

Executive Summary:
Bay Area home sales dropped by 13 percent year over year in June. Sales in Sonoma and Napa counties slowed by more than 20 percent, while activity in San Francisco, Marin, and Alameda counties declined by about 10 percent. Sales of homes priced at less than $1 million fell at the fastest rate seen in two years, down by ...
 
News for 07.19.18
 

Video: June Bay Area Home Sales Report

Check out this short animation offers highlights from June’s Bay Area home sales report. To read the full analysis by Pacific Union Chief Economist Selma Hepp, click here....
 
News for 07.18.18
 

Homeownership Pays Off More in California Than It Does Anywhere Else in America

Homeownership Pays Off More in California Than It Does Anywhere Else in America
Oakland home values increased by about $93,000 from 2015 to 2016, 136.2 percent of the median household income, the most in the U.S. Anaheim, Los Angeles, San Jose, San Francisco, and Fremont also rank among the country’s 10 housing markets with the biggest payoffs. Berkeley ranks as the least-affordable housing market in the country for ...
 
News for 07.16.18
 

Real Estate Roundup: Bay Area Counties Are Among the Nation’s Fastest-Appreciating Luxury Markets

Real Estate Roundup: Bay Area Counties Are Among the Nation’s Fastest-Appreciating Luxury Markets
Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious.
LUXURY HOME PRICES ARE UP SUBSTANTIALLY IN SILICON VALLEY
Silicon Valley‘s tech juggernaut and interest from international buyers propelled luxury home prices by double-digit percentage points in the first half of this year, with San Mateo County ranking ...
 
News for 07.15.18
 

Would-Be Homebuyers Outnumber Sellers by 4-to-1

Would-Be Homebuyers Outnumber Sellers by 4-to-1
Forty-one percent of renters are thinking of purchasing a home over the next year, compared with 11 percent of owners who plan to sell. California home prices grew by 8.9 percent year over year in May, while prices in the San Francisco metropolitan area were up by 11.4 percent. California real estate prices are expected to appreciate by 9.3 ...
 
News for 07.11.18
 

Bay Area Is High on List of Best Beach Towns, Led by … Mill Valley!

Bay Area Is High on List of Best Beach Towns, Led by … Mill Valley!
Quick: Name the best, most livable oceanfront beach town in California. If you picked Mill Valley, you would  be correct, according to the number-crunchers at the personal finance website WalletHub, who count Marin County‘s Mill Valley as the fourth most livable beach town in all the United States — and No. 1 in California.
Wait a minute, we ...
 
News for 07.10.18
 

California Has the Most Million-Dollar Homes in the U.S.

California Has the Most Million-Dollar Homes in the U.S.
More than half of the homes in the San Jose metropolitan area are valued at more than $1 million, the most in the country. San Francisco and Los Angeles rank a respective No. 2 and No. 3 in the U.S. for the highest percentage of million-dollar homes. Since the turn of the century, San Francisco has created the most number of homeowners who ...
 
News for 07.03.18
 

Best Location to Watch 4th of July Fireworks

Love a good fireworks show? Here's what's booming in the Bay Area.
(If you're kind of over the whole fighting-the-crowd-to-see-yet-another-fireworks-show-in-the-fog thing, here are some less expected ways to celebrate the Fourth—think hot-dog-eating contest, bar crawl, beach tug-of-war and more.)
Fireworks Cruise: Onboard the Blue & Gold ...
 
News for 06.29.18
 

San Francisco Resale Condominium Prices Climb to a Six-Year High in May

Check out these high-level details about the latest new and resale condominium trends in major California markets from experts at Pacific Union subsidiary The Mark Company, then download the full reports.
San Francisco
The San Francisco Condominium Pricing Index was unchanged month over month in May but increased by 2 percent year over year ...
 
News for 06.26.18
 

U.S. Housing Affordability Falls to Decade Low in the Second Quarter

Americans who earn the average wage cannot afford a home in 75 percent of housing markets as of the second quarter. Nationwide, home prices have outpaced wage growth from the second quarter of 2017. Home prices are growing faster than incomes in eight of nine Bay Area counties. Marin County homebuyers will spend the highest amount of their ...
 
News for 06.25.18
 

Real Estate Roundup: Outdoor-Entertainment Amenities Significantly Boost California Home Values

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious.
BARBECUES, FIRE PITS ADD MORE THAN 20 PERCENT TO GOLDEN STATE
 
HOME PRICES


Summer officially arrived late last week, and California homeowners who have tricked-out their backyards for outdoor parties not only stand to have good times ahead but ...
 
News for 06.22.18
 

Facebook Named the Best Bay Area Company for Workers

Social-networking giant Facebook ranks as the Bay Area top company to work for based on employee ratings and reviews. Facebook and Salesforce.com are the top two companies receiving the most interest from workers seeking to relocate to the Bay Area. Eleven of the Bay Area’s 20 best workplaces are not traditional tech companies. The planet’s ...
 
News for 06.20.18
 

California’s Median Home Price Climbs to New All-Time High

The Golden State’s median single-family home price was $600,860 in May, surpassing the previous peak set in May 2007. For the second straight month, home prices in the nine-county Bay Area reached a new high, ending May at $1,088,000. Homes in Santa Clara County sold in an average of eight days in May, making it California’s fastest-paced ...
 
News for 06.19.18
 

California’s Unemployment Rate Maintains Record Low in May


The Golden State added 5,500 jobs in May and downwardly revised April’s monthly growth to 25,600, according to the latest numbers from the California Employment Development Department. This year’s job numbers have been unusually volatile, mostly due to larger-than-usual changes in industries that are sensitive to seasonal trends. Total state ...
 
News for 06.19.18
 

Video: California May Jobs Report

 
News for 06.14.18
 

Millennials Are Now the Most Active Home Remodelers

Millennials have completed more home-improvement projects over the past 12 months than any other generation. Despite increased home-renovation activity by millennials, they still spend the least on projects, while baby boomers spend the most. Tight inventory conditions and rising mortgage rates should cause both remodeling activity and spend to ...
 
News for 06.13.18
 

San Francisco Has the Nation’s Fewest Delinquent Mortgage Holders

The U.S. mortgage-delinquency rate dipped to 4.3 percent in March, the lowest since March 2007. In the San Francisco metropolitan area, 1.5 percent of homeowners are delinquent on their mortgages, the fewest of any large U.S. housing market. Mortgage delinquencies rose in the Santa Rosa and Napa metro areas from one year earlier, likely a ...
 
News for 06.12.18
 

The Bay Area’s Median Home Price Climbs to $1 Million in May

The Bay Area’s median home price reached $1 million in May, a 17 percent year-over-year increase, with Silicon Valley continuing to post 30 percent appreciation. Homes sales activity matched last May, with San Francisco showing the strongest gain, up by 7 percent year over year. Napa County sales were slower than last year. Higher-priced sales ...
 
News for 06.11.18
 

Real Estate Roundup: California Posts the Nation’s Largest First-Quarter Home-Equity Gain

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious.

GOLDEN STATE HOMEOWNERS ADD MORE THAN $50,000 IN HOME EQUITY
Sustained home price appreciation pushed home-equity gains up significantly in Western states in the first quarter, with California at the front of the pack.
That’s according to CoreLogic’s ...
 
News for 06.07.18
 

Residents Are Overwhelmingly Happy With Their Homeowner Associations, Survey Finds

More than eight in 10 residents who pay homeowner association dues describe themselves as satisfied with their living situations. Ninety percent of those who live in communities governed by an HOA believe that the guidelines protect or at least do not detract from their property’s value. Residents say that living in a clean and attractive ...
 
News for 06.06.18
 

Homeownership Is the Main Source of Wealth for Americans

Americans’ primary residences account for about 25 percent of their overall wealth, more than any other asset. Homeownership remains a cornerstone of the American Dream and also helps build strong communities and drive the U.S. economy. Nationwide, the homeownership rate remains below its long-term average of 66.3 percent.
June is National ...

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