News — Headlines

Real Estate Roundup: San Jose, San Francisco Lead U.S. in Home Renovations

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. NO SLOWDOWN IN REMODELING WORK Homeowners in the San Jose metro area reported the highest renovation spending in the nation in 2017, at a median of $30,000, and San Francisco placed second at $25,000, according to a survey released last week of more than 130,000 visitors to the home remodeling...

12 Pacific Union Real Estate Professionals, Teams Named to REAL Trends Top 250 in the U.S.

Twelve real estate professionals and teams at Pacific Union International have been ranked among the most productive in the United States, a testament to the firm’s commitment to recruiting and retaining California’s top real estate performers. REAL Trends’ annual The Thousand list, compiled in partnership with The Wall Street Journal, ranks the top 250 real estate professionals and teams in the nation by 2017 sales...

San Francisco Resale Condominium Prices Climb to a Six-Year High in May

Check out these high-level details about the latest new and resale condominium trends in major California markets from experts at Pacific Union subsidiary The Mark Company, then download the full reports. San Francisco  The San Francisco Condominium Pricing Index was unchanged month over month in May but increased by 2 percent year over year to $1,180 per square foot. New-construction absorption totaled 58 units in...

Pacific Union Leaders Brent Thomson and Pat Heller to Speak at Industry Conference

Pacific Union Chief Operating Officer Brent Thomson and Vice President and Branch Manager Pat Heller will be among the featured speakers at the second California Association of Realtors’ WomanUP! Conference on June 28-29 at the JW Marriott LA Live in Los Angeles. The two-day conference is part of CAR’s women’s outreach program to bring together a community of mentors and leaders to communicate, collaborate, and...

California Mints a Significant Number of the Country’s Millionaire Home Sellers

More than one-third of housing markets where sellers have made $1 million or more from their homes since 2001 are in the Golden State. San Francisco has created 382 millionaire home sellers in the U.S. since the dot-com crash, the most in the U.S. Los Angeles has minted 280 $1 million home sellers over the past 17 years, No. 4. In the country. Anyone who...

U.S. Housing Affordability Falls to Decade Low in the Second Quarter

Americans who earn the average wage cannot afford a home in 75 percent of housing markets as of the second quarter. Nationwide, home prices have outpaced wage growth from the second quarter of 2017. Home prices are growing faster than incomes in eight of nine Bay Area counties. Marin County homebuyers will spend the highest amount of their annual incomes on a mortgage payment in...

Real Estate Roundup: Outdoor-Entertainment Amenities Significantly Boost California Home Values

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. BARBECUES, FIRE PITS ADD MORE THAN 20 PERCENT TO GOLDEN STATE HOME PRICES Summer officially arrived late last week, and California homeowners who have tricked-out their backyards for outdoor parties not only stand to have good times ahead but also higher home prices if and when the time comes to...

Facebook Named the Best Bay Area Company for Workers

Social-networking giant Facebook ranks as the Bay Area top company to work for based on employee ratings and reviews. Facebook and Salesforce.com are the top two companies receiving the most interest from workers seeking to relocate to the Bay Area. Eleven of the Bay Area’s 20 best workplaces are not traditional tech companies. The planet’s best-known social network has earned top honors as the best...

Home Prices Are Peaking Everywhere as Summer Arrives

U.S. home prices reached an all-time high of $264,800 in May. California and Bay Area home prices also climbed to a new peak in May, a respective $600,860 and $1,088,000. While nationwide housing starts are near an 11-year high, that is still 30 percent less than needed to meet buyer demand. Hot on the heels of a report that both California and Bay Area home...

California’s Median Home Price Climbs to New All-Time High

The Golden State’s median single-family home price was $600,860 in May, surpassing the previous peak set in May 2007. For the second straight month, home prices in the nine-county Bay Area reached a new high, ending May at $1,088,000. Homes in Santa Clara County sold in an average of eight days in May, making it California’s fastest-paced housing market. A continued shortage of homes for...