News — Headlines

California Posted Solid December Employment Growth, Prompting Optimism for 2019

California added 24,700 jobs in December, to end the year with 284,300 new positions in 2018 according to the latest numbers from the state Employment Development Department. That represents a 1.7 percent increase from the year before compared with the 1.8 percent growth recorded nationwide. In the nine years since the economic expansion started, the state has created a total of 3,097,600 jobs.The state’s unemployment...

California Home Sales Continued to Slide in December

California home sales declined for the eighth consecutive month in December, down by 11.6 percent year over year.Statewide, active listings increased by 30.6 percent on an annual basis, the ninth straight months of gains.California’s median sales price rose by 1.5 percent year over year, while the Los Angeles metropolitan area saw 1.0 percent growth. The nine-county Bay Area posted depreciation of 3.6 percent. Although the...

Compass Northern California Quarterly Report: Q4 2018

For the most part, home price appreciation across the Northern California regions in which Compass operates was moderate in the fourth quarter of 2018 compared with the same period in 2017, with only single-family homes in the Lake Tahoe region posting a double-digit-percent gain. Prices were unchanged for single-family homes in Contra Costa County and San Francisco, while Sonoma County and Sonoma Valley saw annual...

Home of the Week: Sky Palace, Penthouse 5 at The Remington

High atop one of the most sophisticated residences in the Wilshire Corridor, The Remington’s 27th-floor Penthouse 5 rises worlds beyond condominium living. This is a true private estate, with nearly 6,000 square feet of elegance surrounded by breathtaking views that sweep across the city to the ocean beyond.  Step directly from the elevator into your private foyer and prepare to be astonished by the soaring...

Compass Southern California Quarterly Report: Q4 2018

We are excited to announce the release of the Compass Q4 2018 Los Angeles Quarterly Market Insights Report. This report highlights the prevailing trends shaping the market for each neighborhood. The report is now live and ready to share with your clients and sphere. Click here to view the full write-up.

California Housing Markets Are Among the Nation’s Most Competitive

Los Angeles ranks as America’s second most-competitive real estate market based on the number of buyers who get preapproved for a loan, have the best credit scores, and place the largest down payments.San Francisco is the country’s fourth most-competitive market for home shoppers.Buyers in No. 5 San Jose tie for the nation’s largest average down payments (65 percent) and amount of buyers with prime credit...

Video: December Bay Area Home Sales Report

Check out this short animation, which offers highlights from an in-depth report on December Bay Area housing market activity from Compass Chief Economist Selma Hepp.

Home of the Week: Modern Farmhouse in Mandeville Canyon

Secluded behind gates in an unrivaled Lower Mandeville Canyon setting, this Napa Valley-inspired Modern Farmhouse boasts a refined yet rustic ambiance upon an inimitable 36,000-plus-square-foot lot. By way of rich stone, reclaimed wood, and marble features throughout, the captivating architectural home seamlessly fuses contemporary details with the surrounding natural splendor, offering treetop and distant ocean vistas and a far-reaching, equestrian-suited yard. ,Beyond the eight-bedroom main...

The New Year Should Bring New Opportunities for Bay Area Homebuyers

 Executive Summary: With December’s 22 percent year-over-year decline in overall Bay Area home sales, 2018 ended with 1 percent more activity than in 2017.Santa Clara and Sonoma counties concluded the year with sales declines, while San Francisco outpaced the previous year with a 9 percent increase.Sales of homes priced higher than $1 million outstripped 2018 activity by more than 20 percent.Overall inventory increased by 31...

Homeownership Remains a Major Part of the American Dream

More than 90 percent of homeowners and about 75 percent of non-homeowners believe that buying real estate is a key ingredient in fulfilling the American Dream.Eighty-four percent of non-owners hope to purchase a home in the future.Non-owners cite a lack of affordable homes on the market as the biggest reason that they do not yet own real estate. More than nine in 10 homeowners say...