Market Conditions

California: The Toughest State for Millennial Homebuyers

The current U.S. real estate market is proving challenging to the youngest and largest group of homebuyers, with ownership rates for those under 35 at a two-decade low as of 2015. Conditions are even harder for first-time buyers in California, where high prices, tight supply conditions, and poor affordability are keeping more millennials from purchasing homes.

Half of U.S. Metro Areas Reach New Home Price Peaks

Appreciation sped up in the final three months of 2016, pushing prices to new all-time highs in just over 50 percent of U.S. housing markets. Here in the Bay Area, annual home price growth outpaced the national rate, and the region's two largest cities remain the nation's most expensive.

U.S. Housing Affordability Falls to Six-Year Low

It's not just the Bay Area and California that are experiencing major housing affordability challenges: it's the entire country, and the rising mortgage rates that ensued in the wake of the U.S. presidential election are exacerbating the problem.

Pacific Union’s January 2017 Real Estate Update

The median sales price for homes in Pacific Union's Napa County, Silicon Valley, and Sonoma Valley regions climbed to one-year highs in the first month of 2017, while low inventory remains a challenge for the region. See how activity played out across the Bay Area last month in Pacific Union's January 2017 Real Estate Update, which is full of the latest market data.

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