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.
October 15, 2018
OWNING A HOME IS SECOND ONLY TO RETIRING FOR MILLENNIALS Young couple with house keys numerous obstacles to homeownership, it is still one of the biggest priorities for that generation.
October 2, 2018
Proposition 10 is a statewide ballot initiative in the November 2018 election that aims to repeal the Costa-Hawkins Housing Act. While Proposition 10 has become a polarizing issue, it is critically important to understand what it does and does not do.
September 18, 2018
There were 17.2 percent more active home listings in California in August than there were at the same time last year. The median sales price for a single-family home in the state ended the month at $596,410, up by 5.5 percent year over year. The nine-county Bay Area’s median sales price was $935,000, up by 10.0 percent from August 2017 for the 14th consecutive month of annual gains.
September 7, 2018
Homeowners in five Bay Area cities are doing the best in America when it comes to accruing equity, helping to propel a Silicon Valley community to near the top of a list of the country’s leading estate markets.
August 16, 2018
The Bay Area’s decline in home sales (including single-family and condominiums) improved in July, with only 3 percent less activity year over year after a 13 percent decline in June. Compared with last summer (May through July),sales were slower in Santa Clara, Napa, Sonoma, Marin, and San Mateo counties. Sales activity declined by 19 percent in Marin County and by 13 percent in Santa Clara County. Sales of homes priced above $1 million — and especially those above $3 million — continued to fare better than they did last year. Only Marin County saw a decline in sales of homes priced between $2 million and $3 million, down by 7 percent year over year.
August 9, 2018
• Twenty-six percent of California households could afford to purchase the median-priced single-family home in the second quarter, down on both a quarterly and yearly basis. • Thirty-seven of 45 tracked California counties were less affordable than they were in the second quarter of 2017. • In the Bay Area, affordability declined year over year in five counties, improved slightly in two, and was unchanged in two.
July 27, 2018
• Sales of both new and existing houses and condominiums dropped 11.8 percent year over year, as prices shot up to a record high, according to CoreLogic. • The median price paid for all Southern California homes sold in June was a record $536,250, according to CoreLogic, a 7.3 percent increase compared to June of 2017. • In the past, California, one of the largest housing markets in the nation, has been a predictor for the rest of the country.