Market News
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...
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.
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.
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.
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.
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.
August 9, 2018
California Housing Affordability Drops to 10-Year Low in the Second Quarter
• Twenty-six percent of California households could afford to purchase the median-priced single-family home in the second quarter, down on both a quarterly and yearly basis. • Thirty-seven of 45 tracked California counties were less affordable than they were in the second quarter of 2017. • In the Bay Area, affordability declined year over year in five counties, improved slightly in two, and was unchanged in two.