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...

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 forecast...

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 Area. America’s h...

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.

California’s Unemployment Rate Reaches All-Time Low

In the last two months of 2017, California employers added more than 105,000 jobs, ending the year on an incredibly positive note. In fact, with more than 200,000 jobs added in the last four months of the year, it was the strongest streak of job growth in the state since the data series began almost 30 years ago. California’s unemployment rate dropped to 4.3 percent, which marks the...

Real Estate Roundup: Bay Area Starting Salaries Are the Highest in the U.S.

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. SAN FRANCISCO RANKS AS THE NATION’S THIRD BEST JOB MARKET IN 2018 The year 2017 brought plenty of sunny economic news to the Bay Area, and 2018 begins with a report that workers in the Bay Area take home the biggest bucks in the U.S. when they start a new job. That’s according to a WalletH...

Pacific Union CEO Mark McLaughlin Named to 2018 List of Top Residential Real Estate Leaders

Pacific Union is honored to announce that company CEO Mark A. McLaughlin has been named one of the top real estate executives in the U.S. and Canada for 2018. Noted industry publication Swanepoel places McLaughlin No. 9 on the SP200 Power Brokers list, which ranks the most powerful, influential, and innovative leaders in residential real estate. He also ranks No. 34 on the latest annual SP20...

Today’s Smart Home Gets Smarter (and Weirder) at Annual CES Show

There was a smart refrigerator and a television that rolls up like a yoga mat. There was a $20,000 mattress with a mind of its own, and wallpaper embedded with LED panels. There was a hands-free suitcase that follows you through the airport, a talking toilet, and enough robots to organize themselves into an invading army (yikes!). In other words, it was another typical Consumer Electronics S...