Rising Home Prices, Mortgage Rates Cause California Sales to Slow This Summer

CoreLogic’s latest Home Price Index rose by 6.8 percent year over year in June, though annual appreciation is expected to relax moderately by next summer. California home prices increased by 8.4 percent on an annual basis, with year-over-year gains projected to hit 9.1 percent by June 2019. Home prices in the San Francisco and Los Angeles metropolitan areas increased by a respective 11.2 percent and...

Pacific Union Mourns the Loss of Our Family Members

Yesterday morning, following the news of Sunday’s tragic crash of a private plane carrying five members of Pacific Union’s nuclear and extended family, I joined our team in Danville to mourn, reflect on, and celebrate the lives of Scott and Lara Shepherd; Floria Hakimi and her son Navid Hakimi; and Nasim Ghanadan. Their plane crashed in Santa Ana, California en route to John Wayne Airport....

Real Estate Roundup: Californians Carry Among the Nation’s Least Student Debt

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. CALIFORNIANS DOING WELL WHEN IT COMES TO MANAGING STUDENT DEBT Although student debt is widely considered one of the biggest hurdles preventing more first-time buyers from entering the housing market, Californians are making out quite well when compared with residents of other states. That’s according to an analysis by WalletHub,...

Silicon Valley’s Housing Inventory Surged in July

Inventory grew by 44 percent in the San Jose metropolitan area year over year in July, the largest gain in the country. Supply rose by 10 percent in San Francisco on an annual basis while dipping by 1 percent in Los Angeles. San Jose and San Francisco remain the nation’s most expensive housing markets, with respective June median list prices of $1,205,000 and $940,000. Expensive...

Video: Pacific Union's Ninth Anniversary

Click the image below to view a video that celebrates Pacific Union’s ninth anniversary under its current ownership, in which company CEO Mark A. McLaughlin discusses the brokerage’s history, culture, and vision.  

Pacific Union Real Estate Professional Aaron Kirman Wins First-Ever U.S. $1 Billion Listing

An aerial view of Beverly Hills Mountain Pacific Union would like to congratulate Los Angeles real estate professional Aaron Kirman for being tapped to work the sell side of the largest U.S. real estate listing in history. Kirman, who is president of Pacific Union’s Estates division and founder of Aaron Kirman Partners, is representing the seller of Beverly Hills Mountain, a 157-acre parcel in the...

The Bay Area’s 10 Fastest-Appreciating Housing Markets: Q2 2018

As in our first-quarter analysis of Bay Area housing markets that posted the largest annual price gains, most of the 70-plus communities in which Pacific Union operates saw annual appreciation in the second quarter. Silicon Valley communities continued to experience significant year-over-year price increases, with Woodside, Atherton, and Menlo Park again ranking among the top 10 markets with the highest appreciation. The analysis below uses...

Homebuyers Are Willing to Make Big Sacrifices for Top Schools

About 75 percent of homebuyers said that access to excellent schools was important in their search. Nearly 80 percent of buyers gave up some home features to land in their preferred school district, with about one in five sacrificing a garage. Palo Alto is home to the top-ranked school district and high school in California this year and also claims America’s best college. Purchasing a...

Real Estate Roundup: California Remains a Top Destination for International Homebuyers

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. INTERNATIONAL REAL ESTATE INVESTOR ACTIVITY TICKS UP IN THE GOLDEN STATE Although America’s housing inventory shortage caused foreign buyer activity to drop substantially last year, the share of overseas buyers who invested in California moved in the other direction. The National Association of Realtors’ latest Profile of International Transactions in...