Real Estate Roundup: Bay Area Home Prices Again Reach New All-Time High

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. SANTA CLARA COUNTY POSTS BIG YEAR-OVER-YEAR HOME PRICE GAIN IN NOVEMBER Bay Area home prices rose for the 68th consecutive month on an annual basis in November, as the region’s inventory woes continued, particularly at more affordable price points. Citing CoreLogic data, The Mercury News reports that the median sales...

Pacific Union Wishes You a Happy New Year 2018

All of your friends at Pacific Union would like to wish you a very happy new year. Whether you welcomed in 2018 with a night on the town or simply spent a relaxing evening at home, we hope that the coming year brings you nothing but the best. And if you have a new year’s real estate resolution, we wish you much success in achieving...

Earthquake Insurance in California: The Basics

A cluster of small earthquakes that rattled the Bay Area earlier this week helped remind us that we live on unstable ground. And yet, it’s a curious fact that very few California homeowners have earthquake insurance — barely 10 percent, according to the state Department of Insurance, and only 5 percent of renters. It’s anyone’s guess whether these low numbers reflect stubborn indifference or a...

Silicon Valley Leads the U.S. for Monthly and Annual Home Price Growth

Home prices in the San Jose and San Francisco metropolitan areas reached new highs in October, a respective $1,055,000 and $859,000. Prices in San Jose and San Francisco are up more than 100 percent from the trough, making them the nation’s most recovered. California and the Bay Area posted solid job gains last month, which will continue to drive demand for homes in the state...

Eight Housing Market Predictions for 2018

Below, Pacific Union offers our perspective on some key U.S. economic and housing market trends that we believe will play out in the coming year. For a longer-term forecast for Bay Area housing markets over the next three years, read our recap of Pacific Union’s Real Estate and Economic Forecast to 2020, which was held in mid-November in San Francisco. Mortgage interest rates will keep...

Real Estate Roundup: California Dominates 2017 List of Top-Performing Housing Markets

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. BAY AREA CITIES RANK AS THE YEAR’S THREE HOTTEST REAL ESTATE MARKETS Bay Area cities have topped the monthly rankings of the nation’s most in-demand places to buy real estate every month of this year, so it comes as little surprise that these same communities have been named as the...

Happy Holidays 2017 From Pacific Union

All of us at Pacific Union would like to wish you the happiest of holidays. Whether you’re traveling or staying put here in the Bay Area, we hope that your holiday season is full of joy and good cheer surrounded by loved ones and friends. We’ll return tomorrow to close out 2017 with more news, analyses, and exclusive content from the always exciting world of...

U.S., Bay Area Real Estate Markets Remain Scorching in November

Nationwide, home sales reached their highest level in nearly 11 years in November. The U.S. median home sales price rose to $248,000, up 5.8 percent year over year for the 69th straight month of annual gains. The San Jose, Vallejo, and San Francisco real estate markets continued to rank as the three hottest in the country. San Jose ranked as the hottest U.S. real estate...

Pacific Union's California Regional Real Estate Forecasts to 2020

On Nov. 15, Pacific Union held its fourth annual Bay Area Real Estate and Economic Forecast in partnership with John Burns Real Estate Consulting at the SFJAZZ Center in San Francisco. Two weeks later, we presented our first-ever forecast for Los Angeles at the Skirball Cultural Center. The downloadable whitepapers below summarize our overall and California metropolitan statistical area (MSA) outlooks for the real estate...