May 7, 2018 by Pacific Union • Posted in Featured Posts, Weekly Real Estate News Roundups Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. SAN JOSE, SAN FRANCISCO CONTINUE TO HAVE THE NATION’S MOST EQUITY-RICH HOMEOWNERS As Pacific Union published in its first-quarter 2018 real estate report, single-family home prices in San Francisco and…
April 27, 2018 by Pacific Union • Posted in Featured Posts, Home Seller Trends Nationwide, May is the best month to sell a home for more than its value, with sellers receiving average premiums of 5.9 percent between 2011 and 2017. In 85 percent of California markets, May, June, and July are the top months to sell a home. April…
April 24, 2018 by Selma Hepp • Posted in Economic & Employment News, Economic Straight Talk, Featured Posts, Pacific Union Insights California’s unemployment rate remained at a record-low 4.3 percent in March, in a series of numbers from the state Employment Development Department dating back to the beginning of 1976. Seasonally adjusted figures, however, show a decline of 7,200 jobs from the previous month.…
April 26, 2018 by Pacific Union • Posted in Featured Posts, Mortgage News Homebuyers in San Jose had the lowest mortgage-denial rate in the nation in 2016, at 5 percent. Applicants’ excessive debt-to-income ratios is the main reason for mortgage denial in San Jose, San Francisco, and Los Angeles, cited by about one-third of lenders. Other reasons that Bay Area…
April 25, 2018 by Pacific Union • Posted in Featured Posts, Home Price Conditions, Market Conditions The median home price in San Jose rose to $1.15 million in the first quarter, a year-over-year gain of 33.2 percent. Almost 60 percent of first-quarter home sales in San Jose were for more than $1 million. San Jose and San Francisco home sellers raked…
April 30, 2018 by Pacific Union • Posted in Featured Posts, Weekly Real Estate News Roundups Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. SAN FRANCISCO LOSES ITS STATUS AS HOTTEST U.S. REAL ESTATE MARKET IN APRIL For the past couple of years, California cities have dominated realtor.com’s monthly list of the nation’s 20…
April 17, 2018 by Pacific Union • Posted in Featured Posts, Pacific Union Quarterly Reports The first-quarter median sales price increased year over year in all Northern California regions in which Pacific Union operates except in Sonoma Valley, where prices relaxed slightly. Inventory mostly trended downward from the first quarter of 2017, though supply conditions in our Mid-Peninsula subregion were…
California Needs More New Homes Than Any Other U.S. State April 19, 2018 by Pacific Union • Posted in Featured Posts, Market Conditions Between 2000 and 2015, the U.S. built 7.3 million fewer homes than was necessary to meet buyer demand, according to a new study. Over that time period, California was responsible for 45 percent of the nation’s undersupply,…
California Needs More New Homes Than Any Other U.S. State April 19, 2018 by Pacific Union • Posted in Featured Posts, Market Conditions Between 2000 and 2015, the U.S. built 7.3 million fewer homes than was necessary to meet buyer demand, according to a new study. Over that time period, California was responsible for 45 percent of the nation’s undersupply,…
Pacific Union Professionals Give Back With Home For A Home Program April 20, 2018 by Pacific Union • Posted in Featured Posts, Pacific Union News From left to right: Chris King, director of Home For A Home; Scott Kalmbach, Pacific Union; Jennifer Allert, Surterre Properties; Nick Cooper, Pacific Union; Sarah Wagner Rayburn, Pacific Union; Ryan Richard, Compass Pacific Union would…
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