Bay Area Residents Are Among the Nation’s Least Stressed

Fremont, San Jose, and Santa Rosa rank among the top 20 U.S. cities with the lowest stress levels. Four Bay Area cities count among the nation’s five healthiest. The main source of stress for Bay Area and California residents appears to be affordable housing. The entire Bay Area is known as a laid-back place to call home, but one East Bay city has earned the distinction as the nation&#...

Real Estate Roundup: Home Price Growth Projected to Slow in 2018

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. MODEST HOME SALES, PRICE GAINS EXPECTED NEXT YEAR The national housing inventory crunch is not expected to ease in the coming year, though more new homes should help spur a slight uptick in sales. In its 2018 Outlook, Freddie Mac projects 6.30 million home sales in 2018, up from an expected 6.18 million...

U.S. Home Prices Up, Sales Down in August

The national median home sales price was $253,500 in August, marking the 66th straight month of annual appreciation. Inventory declined year over year for the 27th straight month. Homes continue to sell fast across the country and in the Bay Area. Four major trends persisted for the national housing market in August: rising prices, declining inventory, slowing sales, and strong buyer demand....

Millennials’ Student Debt Is Larger Than Their Incomes

More than 80 percent of millennials surveyed say student loans are preventing them from buying a home. The average millennial owes $2,400 more on student loans than they earn per year. Debt is also affecting millennials’ career and relationship choices, as well as their ability to save for retirement. Lingering student loans are causing younger Americans to make important life sacrific...

California, Bay Area Inventory Continues to Shrink in August

The median sales price for a single-family home in the nine-county Bay Area was $856,200 in August, an annual gain of 10.2 percent. Eight of nine Bay Area counties posted home price gains from one year earlier. Inventory dipped both statewide and in all nine Bay Area counties from August 2016. The number of homes for sale declined statewide and in every Bay Area county from one year earlier...

August Was a Mixed Month for Job Creation in California

  Following incredible job growth in July, which was revised upward to 84,500 positions, the August data release from the California Employment Development Department was a mixed bag, showing a decline of 8,200 jobs. However, the overall state number carries some discrepancies with California’s combined metropolitan area numbers, which showed an increase of about 15,800 jobs in August....

Real Estate Roundup: Bay Area Workers Are America’s Happiest

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. SAN FRANCISCO, SAN JOSE EMPLOYEES ARE NATION’S MOST SATISFIED Bay Area workers earn the highest salaries in the nation and have the opportunity to work at some of the world’s most innovative companies, so it makes sense that employees here are more satisfied than they are anywhere else in Am...

U.S. Foreclosure Rate Falls to 10-Year Low

The U.S. foreclosure rate fell to 0.7 percent of properties with a mortgage as of June, with 4.5 percent of borrowers more than 30 days delinquent on payments. California’s foreclosure rate was 0.2 percent, with 2.8 percent of borrowers more than 30 days delinquent. Foreclosure rates in the Bay Area ranged from 0.2 percent in San Francisco, Santa Rosa, and Napa to 0.4 percent in San Jos...

Warriors’ Draymond Green Runs a Pacific Union Open House

What happens when a six-foot-seven-inch NBA All-Star goes undercover as a real estate professional? That’s the premise of this four-minute video clip, the latest component of realtor.com’s “My Home Court” collaboration with the NBA’s Golden State Warriors. In the clip, Warriors forward Draymond Green gets home sales tips from Pacific Union real estate professional...