Video: Millennials and The California Housing Market

Check out this short animation on millennials and the California housing market. To read the full analysis by Pacific Union Chief Economist Selma Hepp, click here.

Bay Area Companies Dominate List of 2018’s Best Tech Workplaces

Nearly 75 percent of the best tech companies to work for in 2018 are headquartered in the Bay Area. San Francisco-based Salesforce.com tops the list after also ranking No. 1 on a list of 2017’s best overall workplaces. Adobe, Facebook, and Google also rank in the top five for best tech work environments. Bay Area tech heavyweights not only create innovative products that change the...

U.S., California, and Bay Area Home Prices Again Reach New Peaks

U.S. home prices increased for the 67th straight month on an annual basis in November. California home prices rose to $527,000, a year-over-gain of 9.32 percent. San Jose is the most expensive major housing market in the nation, with a median sales price of $1,073,000. It is also the country’s fastest appreciating market, with prices up by 19 percent from November 2016. Home price appreciation...

The Average U.S. Credit Score Keeps Climbing — Along With Debt

The average American had a VantageScore of 675 in 2017, the highest in five years. Total U.S. credit-card debt reached $1.021 trillion in June, an all-time high. Though San Francisco residents have among the most credit cards in the country, they also have the lowest average late payments in the U.S. Having excellent credit is a key factor in obtaining a mortgage, so it comes...

Real Estate Roundup: San Francisco Begins 2018 as the Hottest U.S. Housing Market

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. THREE BAY AREA REAL ESTATE MARKETS ARE STILL THE NATION’S MOST IN-DEMAND Demand for Bay Area real estate remains intense as 2018 begins, with three local markets once again ranked as the country’s hottest. That’s according to realtor.com’s latest monthly list of the 20 hottest U.S. real estate markets as...

Will Increased Savings Drive Millennial Homebuyer Activity in 2018?

The National Association of Realtors believes that first-time homebuyers may be more active in 2018, thanks to a thriving economy and growing wages. Nearly half of millennials report having at least $15,000 in the bank, while just one-third had saved that much in 2015. Nearly 60 percent of millennials have a savings plans, compared with about 40 percent of Gen Xers. A new report forecasts...

U.S. Home Sales Hit Strongest Pace Since Previous Peak

The year 2017 saw the most existing U.S. home sales in more than a decade, even as inventory fell to the lowest level since 1999. The U.S. median home sales price was $246,800 in December, a year-over-year gain of 5.8 percent. Tight supply conditions caused the pace of home sales to quicken in December from one year earlier both nationwide and in the nine-county Bay...

Most Bay Area Counties Post Double-Digit Percent Home Price Gains in December

The median sales price for a single-family home in the nine-county Bay Area was $885,030 in December, up 14.1 percent on an annual basis. Home prices rose in all nine Bay Area counties from one year earlier, with Santa Clara County seeing more than 30 percent appreciation. California’s inventory levels reached their lowest level in more than 13 years in December. The supply of homes...

Video: California’s Strong December Jobs Report

Check out this short animation that offers highlights from California’s December jobs report. To read the full analysis by Pacific Union Chief Economist Selma Hepp, click here.