San Francisco Has the Nation’s Fewest Delinquent Mortgage Holders

The U.S. mortgage-delinquency rate dipped to 4.3 percent in March, the lowest since March 2007. In the San Francisco metropolitan area, 1.5 percent of homeowners are delinquent on their mortgages, the fewest of any large U.S. housing market. Mortgage delinquencies rose in the Santa Rosa and Napa metro areas from one year earlier, likely a result of October’s wildfires. A thriving economy and rising home...

The Bay Area’s Median Home Price Climbs to $1 Million in May

Executive Summary: The Bay Area’s median home price reached $1 million in May, a 17 percent year-over-year increase, with Silicon Valley continuing to post 30 percent appreciation. Homes sales activity matched last May, with San Francisco showing the strongest gain, up by 7 percent year over year. Napa County sales were slower than last year. Higher-priced sales rose up by about 30 percent. Activity in...

Video: May Bay Area Home Sales

Check out this short animation that highlights May real estate activity in the Bay Area. To read the full analysis by Pacific Union Chief Economist Selma Hepp, click here.  

Real Estate Roundup: California Posts the Nation’s Largest First-Quarter Home-Equity Gain

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. GOLDEN STATE HOMEOWNERS ADD MORE THAN $50,000 IN HOME EQUITY Sustained home price appreciation pushed home-equity gains up significantly in Western states in the first quarter, with California at the front of the pack. That’s according to CoreLogic’s latest Homeowner Equity Insights report, which says that the average California homeowner...

Pacific Union's May 2018 Real Estate Update

Homebuyer demand remained strong in May, with properties selling faster than they did one year ago in every Northern California region in which Pacific Union operates except for Sonoma Valley. Homes sold in less than three weeks in the East Bay, Contra Costa County, Silicon Valley, and the Mid-Peninsula. Click on the image accompanying each of our regions below for an expanded look at local...

Residents Are Overwhelmingly Happy With Their Homeowner Associations, Survey Finds

More than eight in 10 residents who pay homeowner association dues describe themselves as satisfied with their living situations. Ninety percent of those who live in communities governed by an HOA believe that the guidelines protect or at least do not detract from their property’s value. Residents say that living in a clean and attractive community is the top benefit of paying HOA dues. Monthly...

Homeownership Is the Main Source of Wealth for Americans

Americans’ primary residences account for about 25 percent of their overall wealth, more than any other asset. Homeownership remains a cornerstone of the American Dream and also helps build strong communities and drive the U.S. economy. Nationwide, the homeownership rate remains below its long-term average of 66.3 percent. June is National Homeownership Month, and with it comes several reminders as to why owning a home...

As Summer Nears, Homeowners Have Outdoor Parties in Mind

Two-thirds of homeowners who are improving their outdoor spaces expect to spend more time outside, and just more than half say that they will entertain guests more often. As in 2017, fire pits are projected to be the most popular outdoor design amenity this year, cited by 66 percent of landscaping professionals. Of all outdoor home-improvement projects, adding native and drought-tolerant plants is expected to...

Real Estate Roundup: Which Silicon Valley Town Is America’s Wealthiest?

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. LOS ALTOS HILLS: THE MOST AFFLUENT COMMUNITY IN THE U.S. While Forbes ranked Atherton as the country’s priciest housing market as of late 2017, residents of nearby Los Altos Hills are actually the nation’s wealthiest. A 24/7 Wall St. analysis puts the median household income in Los Altos Hills at...