Homeownership Pays Off More in California Than It Does Anywhere Else in America

Oakland home values increased by about $93,000 from 2015 to 2016, 136.2 percent of the median household income, the most in the U.S. Anaheim, Los Angeles, San Jose, San Francisco, and Fremont also rank among the country’s 10 housing markets with the biggest payoffs. Berkeley ranks as the least-affordable housing market in the country for first-time buyers. The appreciation recorded in the Golden State over...

Pacific Union Quarterly Report: Q2 2018

Although second-quarter inventory improved on an annual basis in more than half of the Northern California regions in which Pacific Union operates, prices increased in every region. The Mid-Peninsula, Sonoma County, Sonoma Valley, and Lake Tahoe/Truckee regions recorded double-digit-percent, year-over-year appreciation. Below, Pacific Union Chief Economist Selma Hepp offers a brief synopsis of second-quarter real estate activity in each of Pacific Union’s regions. The accompanying...

Real Estate Roundup: Bay Area Counties Are Among the Nation’s Fastest-Appreciating Luxury Markets

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. LUXURY HOME PRICES ARE UP SUBSTANTIALLY IN SILICON VALLEY Silicon Valley‘s tech juggernaut and interest from international buyers propelled luxury home prices by double-digit percentage points in the first half of this year, with San Mateo County ranking as America’s most expensive high-end housing market. That’s according to an analysis...

Would-Be Homebuyers Outnumber Sellers by 4-to-1

Forty-one percent of renters are thinking of purchasing a home over the next year, compared with 11 percent of owners who plan to sell. California home prices grew by 8.9 percent year over year in May, while prices in the San Francisco metropolitan area were up by 11.4 percent. California real estate prices are expected to appreciate by 9.3 percent by May 2019, the second-largest...

Most Californians Expect a Housing Price Correction Within Two Years

Seventy-nine percent of California homeowners believe there will be a price correction by 2020. Sixty percent of U.S. homeowners think that buyers in their neighborhood are currently paying too much. Nearly two-thirds of Americans think that people who buy a home today will have buyer’s remorse within the next year. California’s median single-family home price reached a new high in May, but most owners in...

More Than 130 Pacific Union Real Estate Professionals Named Among California’s Best

Pacific Union is pleased to share the news that nearly 140 of the brokerage’s individual real estate professionals and teams have been honored as among the best in the Golden State. REAL Trends named 98 individual Pacific Union real estate professionals and 39 teams to its fifth annual rankings of America’s Best Real Estate Professionals. These top-performing professionals were recognized for having among the highest...

California Has the Most Million-Dollar Homes in the U.S.

More than half of the homes in the San Jose metropolitan area are valued at more than $1 million, the most in the country. San Francisco and Los Angeles rank a respective No. 2 and No. 3 in the U.S. for the highest percentage of million-dollar homes. Since the turn of the century, San Francisco has created the most number of homeowners who became millionaires...

Real Estate Roundup: The Nation’s Hottest Housing Markets Move Eastward

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. BAY AREA FALLS OFF LIST OF HOTTEST HOUSING MARKETS Bay Area housing markets dropped even further on realtor.com’s list of the nation’s hottest real estate markets in June, marking the first time a California metropolitan area was not among the top five markets in six years. The San Francisco-Oakland-Hayward area...

Bay Area High on List of Best Beach Towns, Led by … Mill Valley!

Quick: Name the best, most livable oceanfront beach town in California. If you picked Mill Valley, you would  be correct, according to the number-crunchers at the personal finance website WalletHub, who count Marin County’s Mill Valley as the fourth most livable beach town in all the United States — and No. 1 in California. Wait a minute, we hear you protest. Mill Valley a beach...