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  • Is the “Uber Effect” going to be as large as the “Facebook Effect”?

    March 1, 2019

    Is the “Uber Effect” going to be as large as the “Facebook Effect”?

    If IPOs do come to fruition and there are some newly minted millionaires, Bay Area housing markets could have another renaissance.

  • Compass’ January 2019 Real Estate Update

    February 13, 2019

    Compass’ January 2019 Real Estate Update

    The pace of sales slowed in January from one year earlier in most Bay Area regions in which Compass (reflecting the company formerly known as Pacific Union) operates, except for Marin County and the East Bay. The latter region was the only one in the Bay Area that saw homes sell for premiums in the first month of 2019.

  • High-Tech Kitchens Gain More Traction in Home-Remodeling Projects

    February 6, 2019

    High-Tech Kitchens Gain More Traction in Home-Remodeling Projects

    More homeowners who have recently tackled a kitchen renovation added high-tech features and appliances, while open floor plans remain a popular reason for upgrading.

  • Bay Area Home Sellers Continue to Enjoy the Largest Returns in the U.S.

    February 1, 2019

    Bay Area Home Sellers Continue to Enjoy the Largest Returns in the U.S.

    The year 2018 was an opportune one for U.S. home sellers, as profits reached a 12-year high, with owners in Bay Area cities once again leading the nation for returns. ATTOM Data Solutions’ Year-End 2018 U.S. Home Sales Report says that Americans who sold their homes last year realized an average 32.6 percent profit since the time of purchase, which translates to $61,000. That’s the highest since 2006, when sellers turned profits of 43.3 percent, or $68,000. Between 2008 and 2013, home sellers took losses; since then, profit margins have gradually increased each year.

  • Real Estate Roundup: Californians Are Still Placing the Nation’s Largest Down Payments

    December 17, 2018

    Real Estate Roundup: Californians Are Still Placing the Nation’s Largest Down Payments

    GOLDEN STATE HOMEBUYERS SHELL OUT SIX FIGURES ON A DOWN PAYMENT American homebuyers placed the largest down payments in nearly 15 years in the third quarter, with those in major California metropolitan areas shelling out anywhere from five to 14 times the national average. ATTOM Data Solutions’ latest U.S. Residential Property Mortgage Report puts the median down payment for single-family homes and condominiums in the third quarter at $20,250, the highest since the beginning of the century. That represents 7.6 percent of the median home sales price, the most since the last quarter of 2003.

  • 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...

  • Real Estate Roundup: Bay Area Claims 3 of the Nation’s 5 Wealthiest Counties

    December 3, 2018

    Real Estate Roundup: Bay Area Claims 3 of the Nation’s 5 Wealthiest Counties

    MARIN, SAN MATEO, AND SANTA CLARA COUNTY HOUSEHOLDS EARN MORE THAN $150,000 PER YEAR A recent PropertyShark analysis found that half of the nation’s 10 most expensive real estate markets are located in the Bay Area, and now another study underscores the region’s impressive wealth.

  • 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.