March 15, 2018 by Pacific Union • Posted in Featured Posts, Homebuyer Trends, Real Estate Trends Households that earn $1 million-plus per year bought more homes in the San Francisco metropolitan area than anywhere else in America in 2016, accounting for nearly 2 percent of transactions. San Rafael ranks as the third most-popular U.S. housing market for millionaires, who purchased 1.34…
March 14, 2018 by Pacific Union • Posted in Featured Posts, Real Estate News Eight of the top 20 U.S. cities where residents are happiest are in California. For the second year in a row, Alameda County’s Fremont is home to the happiest people in the nation. San Jose ranks as the third most content city in America. California cities…
Real Estate Roundup: Prefab Homes Help to Speed Wine Country Wildfire Recovery March 19, 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. MANY SONOMA COUNTY WILDFIRE VICTIMS REBUILDING WITH MANUFACTURED HOMES Although it may take Wine Country housing markets…
March 13, 2018 by Pacific Union • Posted in Featured Posts, Pacific Union Monthly Real Estate Updates February’s median sales price rose by double-digit percentage points year over year in five of Pacific Union’s Bay Area regions, with appreciation topping 30 percent for single-family homes in San Francisco and Silicon Valley. Click on the image accompanying each of our regions…
March 12, 2018 by Selma Hepp • Posted in Economic Straight Talk, Featured Posts, Market Conditions, Pacific Union Insights Executive Summary: Sales of Bay Area homes priced above $3 million doubled in February, with most local regions posting large gains. Sales of homes priced higher than $1 million also continued to grow. Regionally, East Bay sales slowed, while Silicon Valley and the…
March 9, 2018 by Selma Hepp • Posted in Economic & Employment News, Economic Straight Talk, Featured Posts, Pacific Union Insights Job reports for both California and the U.S. show strong growth so far in 2018. According to data from the U.S. Bureau of Labor Statistics, America added 313,000 jobs in February, the strongest monthly gain since July 2016. Over the last three…
March 8, 2018 by Pacific Union • Posted in Featured Posts, Market Conditions Nine of the 10 American housing markets that will lose the most in deductions over the first year of the tax-reform package are located on the West and East Coasts. Homeowners in the San Jose and San Francisco metropolitan areas stand to lose the most in deductions…
March 7, 2018 by Pacific Union • Posted in Featured Posts, Market Conditions Buyers in San Francisco are the only ones in the country that need six-figure annual household incomes to afford the median-valued home. San Jose, Los Angeles, and San Diego also rank in the top five in the U.S. for highest incomes necessary to pay the mortgage. Renters…
Los Angeles Business Journal Ranks Pacific Union No. 1 Independent Brokerage March 6, 2018 by Pacific Union • Posted in Featured Posts, Pacific Union News The Los Angeles Business Journal just published its 2018 list of the top residential real estate brokerages in Los Angeles County, and in a top 10 heavy with national corporations, Pacific Union International was not…
September’s median single-family home price in the nine-county Bay Area was $852,230, up 11.5 percent year over year Bay Area home sales dropped by 14.2 percent from August and 4.2 percent year over year, and future declines are expected for areas affected by wildfires. The months’ supply of inventory fell both statewide and in the…
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