The Best Bay Area and Lake Tahoe Winter 2017 Events and Activities

Ice-skaters at San Francisco’s Union Square. Winter is indeed coming, and lucky for us, Northern California offers an abundance of activities and events in which to participate, year-round. We’ve collected a few ideas that may inspire you to strap on some skates, slap on the skis, or even head out to a parade. San Francisco Holiday Ice Rink Taking a spin around the Holiday Ice...

California, Bay Area Pending Home Sales Once Again Slip in October

The California Association of Realtors’ Pending Home Sales Index declined by 2.6 percent year over year in October. Bay Area pending sales dropped for the 13th straight month, falling by 10.5 percent from last October. Declining affordability remains the top concern for California real estate professionals. Pending home sales continued their skid in California and the Bay Area in October due to shrinking inventory, with...

Home Prices Rise in More Than 90 Percent of California Counties in October

The median sales price rose year over year in October in 47 of 51 California counties for which data is available. For the second straight month, home prices rose by double-digit percentage points on an annual basis in the nine-county Bay Area — up 11.1 percent to $892,790. San Francisco again overtook San Mateo County as the state’s most expensive housing market, with a median...

Video: Highlights From Pacific Union’s Bay Area Real Estate and Economic Forecast to 2020

Check out this short clip of highlights from Pacific Union’s Bay Area Real Estate and Economic Forecast to 2020. To watch the full, one-hour presentation, click here. And to watch our first-ever Los Angeles Forecast to 2020, view the live stream on Wednesday, Nov. 29 at 5 p.m. Pacific Time.

Happy Thanksgiving 2017 From Pacific Union

All of us at Pacific Union would like to wish you a very happy, healthy, and relaxing Thanksgiving. Whether you’ve traveled or simply stayed put in the Bay Area, we hope you get to spend some quality time with family and friends. The year 2017 has given us plenty to be thankful for, and we hope you can say the same. Have a wonderful weekend,...

California Housing Affordability Falls to Decade Low in Third Quarter

Twenty-eight percent of California households earned the minimum annual income needed to purchase the median-priced $555,860 single-family home in the third quarter. Affordability improved by 1 percent to 2 percent from the second quarter in six Bay Area counties. San Francisco remains the state’s least-affordable county, with 13 percent of households able to afford the median-priced home. Inventory shortages continue to drive up Golden State...

California Continues to Boost Employment in October

As highlighted at Pacific Union’s Real Estate and Economic Forecast to 2020 last week, job creation has been a primary driver of Bay Area housing market trends. In October, the Golden State’s solid jobs gain continued with 31,700 jobs added according to the latest numbers from the California Economic Development Department, following a strong addition of 50,300 jobs in September. California’s unemployment rate further declined...

Real Estate Roundup: More Than Half of Bay Area Homeowners Are Now Equity-Rich

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. SAN JOSE, SAN FRANCISCO CONTINUE TO LEAD THE NATION FOR MOST EQUITY-RICH HOMEOWNERS Nationwide, home price appreciation pushed up the number of equity-rich owners in the third quarter, with San Jose and San Francisco once again leading the U.S. in that respect. That’s according to ATTOM Data Solutions’ latest U.S....

Pacific Union’s Mark McLaughlin Named One of the Bay Area’s Most-Admired CEOs

Pacific Union is honored and humbled to announce that CEO Mark A. McLaughlin has been named one of the most-admired company leaders in the Bay Area, the result of an exceptional focus on recruiting and retaining the region’s best and brightest real estate professionals and corporate staff. The San Francisco Business Times has named McLaughlin one of the region’s most-admired CEOs based on his extraordinary...