May 9, 2018 by Pacific Union • Posted in Featured Posts, Pacific Union Monthly Real Estate Updates All Bay Area regions in which Pacific Union operates posted year-over-year median home price increases in April, except Napa County, which saw slight annual depreciation. Six regions saw double-digit percentage-point annual appreciation, led by Sonoma Valley, where prices grew by 39 percent. Click…
May 11, 2018 by Pacific Union • Posted in Featured Posts, Real Estate Trends A recent survey found that remodeling firms expect labor shortages to worsen this year, while worker and materials costs will increase. More than nine in 10 remodeling businesses report a shortage of carpenters. About 70 percent of home-improvement companies will pass increased labor and materials costs…
May 14, 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. AMERICANS’ CONFIDENCE IN THE HOUSING MARKET CLIMBS TO ALL-TIME HIGH Rising home prices and a strong U.S. economy have propelled Americans’ optimism in the housing market to a record…
May 10, 2018 by Selma Hepp • Posted in Economic Straight Talk, Featured Posts, Pacific Union Insights Executive Summary: The Bay Area’s median home price increased by 15 percent year over year in April to reach $980,000. San Mateo is now the most expensive Bay Area county, with a median price of $1.47 million. In Silicon Valley, median home prices…
May 8, 2018 by Selma Hepp • Posted in Economic & Employment News, Economic Straight Talk, Featured Posts, Pacific Union Insights Robust 2017 economic growth in California helped push the state to the world’s fifth-largest economy, surpassing the United Kingdom. Only the U.S., China, Japan, and Germany now have larger economies than California. The size of California’s economy is a little more…
May 1, 2018 by Pacific Union • Posted in Featured Posts, Home Price Conditions A recently sold home in Palo Alto, where buyers paid an average of more than $1,600 per square foot in the first quarter. In the high-priced world of Bay Area real estate, square footage can be an expensive proposition. In fact, in some of the region’s…
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…
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