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…
Real Estate Roundup: California Homebuyers Face the Nation’s Longest Down-Payment Savings Time April 23, 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. IT TAKES A DECADE TO SAVE FOR A DOWN PAYMENT IN THE BAY AREA AND LOS ANGELES…
April 16, 2018 by Mark McLaughlin • Posted in Featured Posts, Pacific Union Insights There was a time in the not-too-distant past that I wrote about Zillow, trust, and our industry’s relationship. I have matured in my perspective from thinking that Zillow would be the real estate industry’s friend and ally. That thinking was flawed, and looking back, I was…
April 16, 2018 by Selma Hepp • Posted in Economic Straight Talk, Featured Posts, Pacific Union Insights Executive Summary: Sales of homes priced higher than $1 million increased by 30 percent in the Bay Area in the first quarter, with even stronger gains in the South Bay and Silicon Valley. Demand for homes priced above $3 million remains robust, jumping by…
April 10, 2018 by Pacific Union • Posted in Featured Posts, Home Price Conditions A home in Atherton, California, the Bay Area’s most expensive and fastest-appreciating housing market in the first quarter. A slim supply of homes for sale and vigorous buyer demand continued to drive home price growth in the Bay Area in the first quarter of this year.…
April 13, 2018 by Pacific Union • Posted in Economic & Employment News, Featured Posts A new analysis ranks San Jose as the nation’s top job market this year, with a perfect score of 100. San Francisco ranks as the second best U.S. job market in 2018. Four other California cities are among the 25 most favorable job markets: San…
April 12, 2018 by Pacific Union • Posted in Featured Posts, Market Conditions Sixty-eight percent of U.S. housing markets were not affordable for workers earning the average wage in the first quarter. No California county is currently considered affordable. Marin County remains one of the least affordable in the U.S., with more than 100 percent of average wages needed to…
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