Video: Pacific Union Market Pulse Q1 2018 – Mid-Peninsula

This short video offers a high-level overview of single-family home sales activity in the Mid-Peninsula in the first quarter of 2018.   

Video: Pacific Union Market Pulse Q1 2018 – Silicon Valley

This short video offers a high-level overview of single-family home sales activity in Silicon Valley in the first quarter of 2018.   

Video: Pacific Union Market Pulse Q1 2018 – San Francisco Condominiums

This short video offers a high-level overview of condominium sales activity in San Francisco in the first quarter of 2018.   

Zillow’s iBuyer Offering Will Shortchange Home Sellers

  There was a time in the not-too-distant past that I wrote about Zillow, trust, and our industry’s relationship. I have matured in my perspective from thinking that Zillow would be the real estate industry’s friend and ally. That thinking was flawed, and looking back, I was shortsighted. Zillow is driven by Wall Street, not Main Street. Zillow is the largest entity by public company...

More Than 70 Percent of Bay Area Homes Sold for Premiums in March

Executive Summary: Sales of homes priced higher than $1 million increased by 30 percent in the Bay Area in the first quarter, with even stronger gains in the South Bay and Silicon Valley. Demand for homes priced above $3 million remains robust, jumping by 45 percent from last year’s first quarter. Inventory has declined on average by 10 percent to 20 percent on an annual...

The Bay Area Tops the List of Best U.S. Job Markets in 2018

A new analysis ranks San Jose as the nation’s top job market this year, with a perfect score of 100. San Francisco ranks as the second best U.S. job market in 2018. Four other California cities are among the 25 most favorable job markets: San Diego, Los Angeles, Sacramento, and Riverside. The Bay Area’s high-performance economy has been driving demand for housing for the past...

U.S., Silicon Valley Home Affordability Conditions Worsen in the First Quarter

Sixty-eight percent of U.S. housing markets were not affordable for workers earning the average wage in the first quarter. No California county is currently considered affordable. Marin County remains one of the least affordable in the U.S., with more than 100 percent of average wages needed to pay the mortgage. More than two-thirds of U.S. housing markets were not affordable in the first quarter of...

Most Americans Believe They Are Adept at Home Repairs — Particularly Millennials

Millennials are more likely than other generations to consider themselves handy around the house. Millennials are also more likely to undertake repairs themselves than baby boomers or Gen Xers. Nearly one in five millennials cannot discern a flat-head screwdriver from a Philips-head screwdriver. Millennials are more likely than other generations to describe themselves as handy around the house, although they actually have the least experience...

The Bay Area’s 10 Fastest-Appreciating Housing Markets: Q1 2018

A home in Atherton, California, the Bay Area’s most expensive and fastest-appreciating housing market in the first quarter. A slim supply of homes for sale and vigorous buyer demand continued to drive home price growth in the Bay Area in the first quarter of this year. Of the nearly 70 Bay Area communities in which Pacific Union operates, only 13 saw home prices decrease from...