April 9, 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. TAPPABLE HOME EQUITY CLIMBS TO ALL-TIME HIGH The U.S. housing market saw tappable equity increase by the largest dollar amount on record last year, with San Francisco and Los…
April 6, 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 did not live up to expectations, with the country adding 103,000 jobs in March and the report including a downward revision of 50,000 jobs for January and February. Over the…
March 28, 2018 by Pacific Union • Posted in Featured Posts, Home Seller Trends Sixty-eight percent of the best U.S. places to sell a home are in California according to a new report from SmartAsset. Home values in Alameda County’s Hayward grew by 20.3 percent between 2012 and 2016, the most of any city included on a list. Homes in…
March 27, 2018 by Pacific Union • Posted in Featured Posts, Homebuyer Trends Four of the five U.S. housing markets where buyers make the largest down payments are in California. Buyers in the San Jose and San Francisco metropolitan areas make average down payments of more than $200,000. Although saving for a down payment can be a daunting obstacle for…
April 2, 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. AS USUAL, CALIFORNIA DOMINATES MARCH’S LIST OF THE NATION’S MOST IN-DEMAND REAL ESTATE MARKETS More buyers than ever are eyeing an increasingly smaller pool of homes on the market,…
March 20, 2018 by Pacific Union • Posted in Featured Posts, Market Conditions The median sales price for a single-family home in the nine-county Bay Area was $893,690 in February, an annual gain of nearly 14 percent. Home prices rose by double-digit percentage points in seven of nine Bay Area counties from February 2017. The median sales price surpassed its…
March 22, 2018 by Pacific Union • Posted in Featured Posts, Market Forecasts Analysts at Arch MI do not believe that home prices are overvalued, nor do they foresee a looming bubble. The chances of home prices declining in California over the next two years is 3 percent, making it a minimal-risk market. All 12 California metropolitan areas that the…
March 21, 2018 by Pacific Union • Posted in Featured Posts, Industry Surveys & Studies, Real Estate Trends For the fifth straight year, millennials are the most active U.S. homebuyers, accounting for 36 percent of sales. More than half of millennials bought a home in a suburban community, and 85 percent opted for a single-family structure. Nearly half of millennials carry…
March 26, 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. U.S. HOMEOWNERS 23 AND YOUNGER NUMBER ALMOST 100,000 Although millennials have represented the largest group of homebuyers for five consecutive years, they have been slower than previous generations to enter…
March 23, 2018 by Selma Hepp • Posted in Economic & Employment News, Economic Straight Talk, Featured Posts, Pacific Union Insights California added 14,000 jobs in February, and the unemployment rate dropped to 4.3 percent — the lowest level recorded since 1976, according to numbers from the state Employment Development Department. Over the last year, the state created 383,600 jobs, a 2.3…