March 1, 2019
If IPOs do come to fruition and there are some newly minted millionaires, Bay Area housing markets could have another renaissance.
February 13, 2019
The pace of sales slowed in January from one year earlier in most Bay Area regions in which Compass (reflecting the company formerly known as Pacific Union) operates, except for Marin County and the East Bay. The latter region was the only one in the Bay Area that saw homes sell for premiums in the first month of 2019.
February 1, 2019
The year 2018 was an opportune one for U.S. home sellers, as profits reached a 12-year high, with owners in Bay Area cities once again leading the nation for returns. ATTOM Data Solutions’ Year-End 2018 U.S. Home Sales Report says that Americans who sold their homes last year realized an average 32.6 percent profit since the time of purchase, which translates to $61,000. That’s the highest since 2006, when sellers turned profits of 43.3 percent, or $68,000. Between 2008 and 2013, home sellers took losses; since then, profit margins have gradually increased each year.
December 17, 2018
GOLDEN STATE HOMEBUYERS SHELL OUT SIX FIGURES ON A DOWN PAYMENT American homebuyers placed the largest down payments in nearly 15 years in the third quarter, with those in major California metropolitan areas shelling out anywhere from five to 14 times the national average. ATTOM Data Solutions’ latest U.S. Residential Property Mortgage Report puts the median down payment for single-family homes and condominiums in the third quarter at $20,250, the highest since the beginning of the century. That represents 7.6 percent of the median home sales price, the most since the last quarter of 2003.
December 6, 2018
Compass Chief Economist Selma Hepp examines how last October's wildfires have affected housing market activity...
December 3, 2018
MARIN, SAN MATEO, AND SANTA CLARA COUNTY HOUSEHOLDS EARN MORE THAN $150,000 PER YEAR A recent PropertyShark analysis found that half of the nation’s 10 most expensive real estate markets are located in the Bay Area, and now another study underscores the region’s impressive wealth.
November 28, 2018
Nearly half of homebuyers run into unexpected repairs within the first year of ownership, and those who are handy enough to do the work themselves can save enough money to put a dent in their mortgage balance.
November 14, 2018
All of us at Pacific Union and Compass would like to extend our sincere condolences to everyone affected by the Camp Fire in Northern California and the Woolsey Fire in Southern California. As these powerful wildfires continue to burn throughout our state, we have received reports that at least 10 of our Pacific Union and Compass family members have lost their homes.
November 6, 2018
Although U.S. and Bay Area home price growth moderated from the second quarter to the third quarter, appreciation in the latter region's two largest cities continued to outpace the national rate.
October 30, 2018
Bay Area housing inventory again improved on an annual basis in September, though the region saw home sales decline by 20 percent. Pacific Union Chief Economist Selma Hepp takes a look at the latest market conditions.