Category Archives: Economy

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

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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

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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

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Key Takeaways From Pacific Union’s Real Estate and Economic Forecast to 2020

Yesterday, Pacific Union held its fourth annual Real Estate and Economic Forecast in partnership with John Burns Real Estate Consulting to project Bay Area activity through 2020. Below are some key, high-level takeaways from the live event. To watch the … Read More

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Facebook Takes All of 432,000 SQFT Commercial Space at 181 Fremont in San Francisco

Jay Paul’s San Francisco development at 181 Fremont Street has just added Menlo Park’s Facebook as its commercial tenant, according to two sources who track leasing information in San Francisco. The new, mixed use, 70-story tower that features 432,000 square … Read More

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5 Things Your Accountant Wishes You Knew About Owning a Home

Elizabeth Simpson/Getty Images What’s not to love about tax season? The chill you get when you realize you owe the IRS thousands, the fear that you may be getting a bit too aggressive on your deductions, the fleeting hope you’re due for a big return … Read More

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Buying a House With Cash? Don’t Forget These Added Expenses

ismagilov/iStock There’s no question that buying a house with cash will make you feel like a million bucks. Maybe you came into a large inheritance, or you’re just really good at saving. Either way, paying the price of the home in full means … Read More

Posted in California Real Estate News, California Real Estate trends, Economy, Homebuyers, Real Estate News, Real Estate Trends, Refinancing, tips for homebuyers | Leave a comment

Pacific Union Quarterly Report – Q2 2017

For the most part, the number of Bay Area homes for sale did not improve in the second quarter from one year earlier, except in Marin County and Sonoma Valley. Consequently, home prices rose in all regions year over year … Read More

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House-Hunting Secrets for New Parents, Empty Nesters, Job Seekers, and Others

 baranozdemir/iStock; A-Digit/iStock; realtor.com Life is unpredictable, no matter how carefully you plan. And yet, when you buy a house, you are essentially committing to live in the same place for a certain period of time. The number of bedrooms, the … Read More

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Real Deal: five tips for buyers in a tight market

REUTERS/Mike Blake Attempting to purchase a house in a market where inventory is low and prices are rising can make the already complex process of buying a home even more overwhelming. The National Association of Realtors offers the following suggestions … Read More

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