Author Archives: Bill Smith

The Humble Homes That Birthed the World’s Biggest Tech Companies

A LOOK AT THE STRUCTURES THAT ONCE HOUSED THE BAY AREA’S ECONOMIC POWERHOUSES November 26, 2018 by Pacific Union The fabled HP garage. We’ve all heard the story about Hewlett-Packard tracing its origin to a humble garage in Palo Alto, but do … Read More

Posted in Real Estate Trends | Comments Off on The Humble Homes That Birthed the World’s Biggest Tech Companies

Rising Housing Costs Hit the Bay Area’s Most-Affordable Communities the Hardest

Executive Summary: Bay Area home sales decreased by 11 percent year over year in August, the second-largest decline following June’s 10 percent drop, dragging year-to-date sales down by 2 percent. Marin and Napa counties, however, saw increased sales — a … Read More

Posted in Real Estate Trends | Comments Off on Rising Housing Costs Hit the Bay Area’s Most-Affordable Communities the Hardest

Pacific Union Joins Compass!

Pacific Union is excited to share the news that we have joined Compass! In this video, Compass CEO Robert Reffkin, Pacific Union CEO Mark A. McLaughlin, and other key company leaders weigh in on this game-changing partnership.   Read more … Read More

Posted in Real Estate Trends | Comments Off on Pacific Union Joins Compass!

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

July 13, 2018 by Pacific Union 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, … Read More

Posted in Real Estate Trends | Comments Off on Would-Be Homebuyers Outnumber Sellers by 4-to-1

Real Estate Professionals Unanimously Agree on the Importance of Curb Appeal

Ninety-nine percent of real estate professionals say that a home’s curb appeal is key to attracting a buyer. Lawn care is the outdoor home improvement that has the biggest impact on buyers and is estimated to recoup 267 percent of … Read More

Posted in California Real Estate News, Real Estate Trends, Tips for homeowners | Comments Off on Real Estate Professionals Unanimously Agree on the Importance of Curb Appeal

Pacific Union Quarterly Report – Q1 2018

The first-quarter median sales price increased year over year in all Northern California regions in which Pacific Union operates except in Sonoma Valley, where prices relaxed slightly. Inventory mostly trended downward from the first quarter of 2017, though supply conditions … Read More

Posted in Real Estate Trends | Comments Off on Pacific Union Quarterly Report – Q1 2018

Tight Inventory Continues to Drive California and Bay Area Home Prices in January

February 21, 2018 by Pacific Union California and Bay Area home sales declined in January on an annual basis by a respective 2.9 percent and 4.6 percent. The median sales price for an existing-single family home in the nine-county Bay Area was … Read More

Posted in Bay Area, California Real Estate News, California Real Estate trends, Economy, Housing trends, Real Estate News | Comments Off on Tight Inventory Continues to Drive California and Bay Area Home Prices in January

U.S., California, and Bay Area Home Prices Again Reach New Peaks

January 31, 2018 by Pacific Union  U.S. home prices increased for the 67th straight month on an annual basis in November. California home prices rose to $527,000, a year-over-gain of 9.32 percent. San Jose is the most expensive major housing market in the … Read More

Posted in California Real Estate trends, Economy, Housing trends, Real Estate Trends | Leave a comment

The Marin County Market At A Glance

From Pacific Union International Chief Economist Selma Hepp – Jan. 15, 2018 While fourth-quarter Marin County home sales increased compared with the same period in 2016, the Wine Country wildfires boosted stronger-than-usual November sales. Fourth-quarter activity increased by 4 percent … Read More

Posted in Real Estate Trends | Leave a comment

California’s Unemployment Rate Reaches An All-Time Low

California’s job market ended 2017 on a strong note, with the unemployment rate dropping to the lowest level on record. Pacific Union Chief Economist Selma Hepp takes a look at the latest employment numbers.       In the last … Read More

Posted in Bay Area, Economy, Unemployment | Leave a comment