The Number of Americans Who Think Now Is a Good Time to Sell a Home Climbs to Record High

More than three-quarters of respondents to a new National Association of Realtors’ poll believe that now is a good time to sell a home. Sixty percent of Americans think that the economy is improving, also an all-time high. Seventy percent of Americans say that top-performing schools are either somewhat or very important when purchasing a home. Both the number of Americans who believe that the...

San Francisco Has the Nation’s Tightest Housing Supply Conditions

The San Francisco metropolitan area had a 2.0-month supply of homes for sale in July, the lowest of any major U.S. housing market. Home prices in San Francisco rose by 11 percent year over year in July, nearly double the national rate of appreciation. More than 80 percent of homes in San Francisco sold for list price or higher, the most in the country. Although...

The Home Amenity That Americans Cannot Live Without

About 80 percent of Americans who live in houses and apartments say that a central air-conditioning and heating system is a nonnegotiable feature. Millennials are willing to spend the most extra money for a dwelling with a climate-control system. A private outdoor space and an in-unit washer and dryer are also high on Americans’ list of top property amenities. While most homebuyers are willing to...

Real Estate Roundup: California Claims One-Third of the 20 Fastest-Growing U.S. Luxury Housing Markets

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. FOUR BAY AREA COUNTIES SEE LUXURY HOME PRICES RISE BY MORE THAN 10 PERCENT Demand for luxury homes remained strong nationwide this summer, with California counties accounting for a substantial portion of the markets where prices are growing the most. That’s according to research from realtor.com, which ranks the top...

Video: California August Jobs Report

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

California’s August Job Gains Are Another Win

August was another solid month for job additions in California, with employers creating 44,800 positions. In addition, California’s unemployment rate remained at 4.2 percent, maintaining a historic low for the fifth consecutive month, according to the latest numbers from the state Employment Development Department. The August increase was more than two-and-a-half times the gain seen over the last two years, confirming 2018’s strong labor market....

Which California Neighborhoods Are Millennials Flocking To?

Downtown Los Angeles’ Historic Core neighborhood saw its millennial population nearly double between 2011 and 2016, the highest rate of growth in the U.S. In San Francisco, The Castro and Glen Park are among the top 20 neighborhoods in America to experience the largest millennial population growth. More than 30,000 millennials live in Los Angeles’ South Park neighborhood and San Francisco’s Mission Bay. The Golden...

California: America’s Most Diverse State in 2018

A new study names California as the most diverse state in the U.S., scoring a 70.89 on a 100-point scale based on six major criteria. California ranks as the most culturally diverse state in the country. A separate study released in the spring ranked Los Angeles and Long Beach among America’s 10 most diverse cities. The United States is a nation that was built on...

California Home Listings Improved for the Fifth Straight Month in August

There were 17.2 percent more active home listings in California in August than there were at the same time last year. The median sales price for a single-family home in the state ended the month at $596,410, up by 5.5 percent year over year. The nine-county Bay Area’s median sales price was $935,000, up by 10.0 percent from August 2017 for the 14th consecutive month...