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…
May 4, 2018 by Pacific Union • Posted in Featured Posts, Real Estate News For the fifth consecutive year, Palo Alto ranks among the 10 most livable small to medium-sized American cities. Berkeley counts among the top 20 best places to live in 2018, coming in at No. 13. In total, Bay Area cities represent about 10 percent of the…
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…
May 2, 2018 by Pacific Union • Posted in Featured Posts, Real Estate News San Francisco ranks as the top U.S. market for real estate professionals in 2018. San Jose, Fremont, Oakland, and Santa Rosa all count among the 10 best places to be a real estate professional. Four of the nation’s five fastest-paced real estate markets are located in…
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…
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