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  • Wine Country Housing Markets: One Year After the Wildfires

    December 6, 2018

    Wine Country Housing Markets: One Year After the Wildfires

    Compass Chief Economist Selma Hepp examines how last October's wildfires have affected housing market activity...

  • Home Remodeling: How Much Can You Save by Doing It Yourself?

    November 28, 2018

    Home Remodeling: How Much Can You Save by Doing It Yourself?

    Nearly half of homebuyers run into unexpected repairs within the first year of ownership, and those who are handy enough to do the work themselves can save enough money to put a dent in their mortgage balance.

  • How You Can Help Those Affected by the California Wildfires

    November 14, 2018

    How You Can Help Those Affected by the California Wildfires

    All of us at Pacific Union and Compass would like to extend our sincere condolences to everyone affected by the Camp Fire in Northern California and the Woolsey Fire in Southern California. As these powerful wildfires continue to burn throughout our state, we have received reports that at least 10 of our Pacific Union and Compass family members have lost their homes.

  • Bay Area Home Prices Are Growing at More Than Twice the National Rate

    November 6, 2018

    Bay Area Home Prices Are Growing at More Than Twice the National Rate

    Although U.S. and Bay Area home price growth moderated from the second quarter to the third quarter, appreciation in the latter region's two largest cities continued to outpace the national rate.

  • October 30, 2018

    Bay Area Housing Markets Got Spooked in September

    Bay Area housing inventory again improved on an annual basis in September, though the region saw home sales decline by 20 percent. Pacific Union Chief Economist Selma Hepp takes a look at the latest market conditions.

  • Real Estate Roundup: Millennials Prioritize Homeownership Over Marriage and Children

    October 15, 2018

    Real Estate Roundup: Millennials Prioritize Homeownership Over Marriage and Children

    OWNING A HOME IS SECOND ONLY TO RETIRING FOR MILLENNIALS Young couple with house keys numerous obstacles to homeownership, it is still one of the biggest priorities for that generation.

  • October 2, 2018

    Proposition 10: Possibly the Worst Approach to California’s Current Housing Crisis

    Proposition 10 is a statewide ballot initiative in the November 2018 election that aims to repeal the Costa-Hawkins Housing Act. While Proposition 10 has become a polarizing issue, it is critically important to understand what it does and does not do.

  • California Home Listings Improved for the Fifth Straight Month in August

    September 18, 2018

    California Home Listings Improved for the Fifth Straight Month in August

    There were 17.2 percent more active home listings in California in August than there were at the same time last year. The median sales price for a single-family home in the state ended the month at $596,410, up by 5.5 percent year over year. The nine-county Bay Area’s median sales price was $935,000, up by 10.0 percent from August 2017 for the 14th consecutive month of annual gains.

  • The Bay Area Has the Fewest Underwater Homes in the U.S. in 2018

    September 7, 2018

    The Bay Area Has the Fewest Underwater Homes in the U.S. in 2018

    Homeowners in five Bay Area cities are doing the best in America when it comes to accruing equity, helping to propel a Silicon Valley community to near the top of a list of the country’s leading estate markets.

  • Finally, More Bay Area Housing Inventory Arrives After 16 Months of Declines

    August 16, 2018

    Finally, More Bay Area Housing Inventory Arrives After 16 Months of Declines

    The Bay Area’s decline in home sales (including single-family and condominiums) improved in July, with only 3 percent less activity year over year after a 13 percent decline in June. Compared with last summer (May through July),sales were slower in Santa Clara, Napa, Sonoma, Marin, and San Mateo counties. Sales activity declined by 19 percent in Marin County and by 13 percent in Santa Clara County. Sales of homes priced above $1 million — and especially those above $3 million — continued to fare better than they did last year. Only Marin County saw a decline in sales of homes priced between $2 million and $3 million, down by 7 percent year over year.