Pacific Union Hires Stephen Pugh to Lead Commercial Business

Pacific Union is pleased to announce that it has tapped seasoned real estate industry leader Stephen Pugh as president of the brokerage’s commercial operations in the Bay Area and Southern California. Pugh comes to Pacific Union from his position as president and CEO of Paragon Commercial Brokerage. Prior to joining Paragon Commercial Brokerage, Pugh was managing director, for Alain Pinel Investment Group. For the past...

Video: Pacific Union Ranks as No. 5 Largest U.S. Brokerage

Pacific Union has again moved up the ranks or the largest U.S. residential real estate brokerages based on 2017 sales volume. Watch the short clip below for highlights.  

Pacific Union Again Moves Up the Rankings of the Largest U.S. Real Estate Brokerages in 2018

Pacific Union is excited to share the news that our firm has once again advanced on the list of the largest residential real estate brokerages in America, a testament to the hard work and expertise of our elite team of real estate professionals in the San Francisco Bay Area and Los Angeles County. The latest rankings from noted industry publications REAL Trends and RISMedia place...

California Dominates List of 2018’s Best Housing Markets for Sellers

Sixty-eight percent of the best U.S. places to sell a home are in California according to a new report from SmartAsset. Home values in Alameda County’s Hayward grew by 20.3 percent between 2012 and 2016, the most of any city included on a list. Homes in San Jose currently sell in less than a week, making it the fastest-paced U.S. market. An aerial view of...

Bay Area, California Homebuyers Lead the Nation for Down-Payment Size

Four of the five U.S. housing markets where buyers make the largest down payments are in California. Buyers in the San Jose and San Francisco metropolitan areas make average down payments of more than $200,000. Although saving for a down payment can be a daunting obstacle for younger homebuyers, they are still quite active, both nationwide and in the Bay Area. If you’re planning to...

Real Estate Roundup: Silicon Valley Is a Hot Spot for Generation Z Homebuyers

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. U.S. HOMEOWNERS 23 AND YOUNGER NUMBER ALMOST 100,000 Although millennials have represented the largest group of homebuyers for five consecutive years, they have been slower than previous generations to enter the housing market. But the demographic behind them — Generation Z — has already purchased homes in surprisingly large numbers....

Video: California February Jobs Report

Check out this short animation on California’s February jobs report. To read the full analysis by Pacific Union Chief Economist Selma Hepp, click here.  

California’s Unemployment Rate Again Falls to Record Low in February

California added 14,000 jobs in February, and the unemployment rate dropped to 4.3 percent — the lowest level recorded since 1976, according to numbers from the state Employment Development Department. Over the last year, the state created 383,600 jobs, a 2.3 percent annual increase. Industries that added the most jobs in February from the month before include professional and business services, up 8,300 jobs; construction,...

Risk of Bubble for California, Bay Area Housing Markets Is Minimal, Report Says

Analysts at Arch MI do not believe that home prices are overvalued, nor do they foresee a looming bubble. The chances of home prices declining in California over the next two years is 3 percent, making it a minimal-risk market. All 12 California metropolitan areas that the report tracks have minimal risk of price depreciation by the end of the decade. Although home prices should...