October 11, 2017 by Pacific Union • Posted in Pacific Union Monthly Real Estate Updates The net effects of the two hurricanes are anticipated to reduce the estimate of the total number of jobs added in September, which are expected to be revised upward. At the same time, the storms did not impact the national unemployment…
March 8, 2016 by Pacific Union • Posted in Pacific Union Monthly Real Estate Updates For the most part, the months’ supply of inventory (MSI) was up from January to February across Pacific Union’s Bay Area markets, with two exceptions: San Francisco condominiums and Lake Tahoe/Truckee single-family homes. Properties also mostly sold faster than they…
March 29, 2016 by Pacific Union • Posted in Market Conditions Even with the run-up in home prices over the past few years, the majority of Bay Area counties are still more affordable than their historic normal levels. However, home price growth is outpacing wage growth on an annual basis, which doesn’t bode particularly well…
March 21, 2016 by Pacific Union • Posted in Weekly Real Estate News Roundups Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. ONE-QUARTER OF CALIFORNIA HOMEBUYERS PAYING ALL CASH Despite high prices, there are still plenty of all-cash buyers in the Golden State, and even more than one…
March 9, 2016 by Pacific Union • Posted in Pacific Union News Pacific Union is pleased to share the news that industry veteran Leigh Whitten has joined our firm as vice president of Peninsula development, the next step in strengthening our growing presence in the key Silicon Valley market. A 30-year veteran of Peninsula real…
March 4, 2016 by Pacific Union • Posted in Industry Surveys & Studies, Real Estate Trends What makes one home sell overnight and another languish on the market for weeks on end? A recent study identifieda half-dozen attributes such as architectural style and amenities that caught the interest of homebuyers, and the results, while hardly…
February 17, 2016 by Pacific Union • Posted in East Bay A home in Alameda’s East End neighborhood. The island of Alameda used to be considered a bit of a local secret, but times have certainly changed. With the announcement that Google is planning to open an office at the former Alameda Naval Air Station…
February 5, 2016 by Pacific Union • Posted in Real Estate News Santa Clara — and, by extension, San Francisco — will remain the center of the universe for a few more days before Super Bowl 50 recedes into memory. Kickoff is Sunday at 3:30 p.m. at Levi’s Stadium, but it’s not too soon to marvel…
Although California unemployment claims ticked up slightly in the final month of 2015, job growth was solid, foreshadowing what will hopefully be another a bright year ahead for the state’s labor market and housing market. According to the latest numbers from the California Employment Development Department, the Golden State added 60,400 jobs in December, up…
Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. MORTGAGE RATES DIP TO 3-MONTH LOW Mortgage rates have declined every week so far in 2016 and are currently at their lowest levels since the fall, a fact that could help motivate hesitant homebuyers who have been sitting on the…