April 11, 2018 by Pacific Union • Posted in Featured Posts, Industry Surveys & Studies Millennials are more likely than other generations to consider themselves handy around the house. Millennials are also more likely to undertake repairs themselves than baby boomers or Gen Xers. Nearly one in five millennials cannot discern a flat-head screwdriver from a Philips-head screwdriver. Millennials are…
April 3, 2018 by Pacific Union • Posted in Featured Posts, Real Estate News While mortgage or rent payments will constitute the biggest expense for most Bay Area residents, there are of course many other cost-of-living factors to consider. Using the Economic Policy Institute’s Family Budget Calculator, which determines how much money a household must make each year to maintain an…
April 5, 2018 by Pacific Union • Posted in Featured Posts, Real Estate Trends Between 2005 and 2016, people moving to the Bay Area earned almost $13,000 more per year than those leaving. Bay Area in-migrants are about two years younger than out-migrants, as many Americans find the region a difficult place in which to start a family. Roughly 10…
Most Homeowners Are Planning a Remodeling Project in 2018 April 4, 2018 by Pacific Union • Posted in Featured Posts, Industry Surveys & Studies, Real Estate Trends Fifty-eight percent of homeowners will funnel money into a home-improvement project this year, according to a recent poll. For the fifth straight year, outdoor renovations are the most popular with homeowners in 2018. Twice…
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…
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