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Posts On Bay Area’s Real Estate

Pacific Union’s April 2018 Real Estate Update

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May 9, 2018 by Pacific Union • Posted in Featured Posts, Pacific Union Monthly Real Estate Updates All Bay Area regions in which Pacific Union operates posted year-over-year median home price increases in April, except Napa County, which saw slight annual depreciation. Six regions saw double-digit percentage-point annual appreciation, led by Sonoma Valley, where prices grew by 39 percent. Click…

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Labor Shortages, Materials Costs Increases to Drive Up Home-Remodeling Costs

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May 11, 2018 by Pacific Union • Posted in Featured Posts, Real Estate Trends A recent survey found that remodeling firms expect labor shortages to worsen this year, while worker and materials costs will increase. More than nine in 10 remodeling businesses report a shortage of carpenters. About 70 percent of home-improvement companies will pass increased labor and materials costs…

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San Mateo County Overtakes San Francisco for the Highest Bay Area Home Prices in April

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May 10, 2018 by Selma Hepp • Posted in Economic Straight Talk, Featured Posts, Pacific Union Insights   Executive Summary: The Bay Area’s median home price increased by 15 percent year over year in April to reach $980,000. San Mateo is now the most expensive Bay Area county, with a median price of $1.47 million. In Silicon Valley, median home prices…

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California Surpasses the U.K. as the Fifth-Largest Global Economy

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May 8, 2018 by Selma Hepp • Posted in Economic & Employment News, Economic Straight Talk, Featured Posts, Pacific Union Insights Robust 2017 economic growth in California helped push the state to the world’s fifth-largest economy, surpassing the United Kingdom. Only the U.S., China, Japan, and Germany now have larger economies than California. The size of California’s economy is a little more…

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U.S. Unemployment Rate Falls to the Lowest Level in Nearly 18 Years in April

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May 4, 2018 by Selma Hepp • Posted in Economic & Employment News, Economic Straight Talk, Featured Posts, Pacific Union Insights   Today’s national employment report from the U.S. Bureau of Labor Statistics reported an increase of 164,000 jobs in April, which continues tight labor market conditions. The unemployment rate fell to 3.9 percent, the lowest level since December 2000. The positive indicators…

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California Is the Top U.S. State for Having Fun

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May 3, 2018 by Pacific Union • Posted in Featured Posts, Real Estate News California ranks No. 1 in the nation in a new study of the best places in American to have fun. The Golden State has the most restaurants, movie theaters, and fitness centers per resident in the nation. California has 40 times more performing-arts venues than some…

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