Although California’s April jobs report was somewhat of a disappointment, the number of unemployed residents has declined to the lowest rate since the dot-com era. Pacific Union Chief Economist Selma Hepp examines the latest state, Bay Area, and Southern California job numbers.
Tag Archive: Los Angeles
Homebuyers were active across the country in the opening months of 2017, further depleting inventory and pushing prices higher. Major Bay Area housing markets were among those to see annual price appreciation, and they remain the nation's most expensive.
The tech industry is driving luxury real estate prices in cities such as San Francisco, although even expensive U.S. markets remain a bargain by global standards -- particularly China.
Read a quick recap of the May 2 "Golden Bridge From China" event, which featured a panel of experts -- including Pacific Union CEO Mark A. McLaughlin -- who discussed current trends shaping Chinese investment in U.S. real estate.
U.S. home sellers pulled in the biggest gains in nearly a decade in the first quarter of 2017, with Bay Area and California markets leading the pack.
Despite having reached full employment, California continues to add jobs at a steady rate. Pacific Union Chief Economist Selma Hepp examines March job numbers in California and the Bay Area.
April 4, 2017 • Posted in Market Conditions
In the midst of the busiest spring real estate season on record, Bay Area and California markets are still the most sought-after in America.
March 31, 2017 • Posted in Pacific Union News
Pacific Union is pleased to share the news that we've again moved up the rankings of the largest residential real estate brokerages in the country, an accomplishment made possible by the diligence of our talented team of real estate professionals in both Northern and Southern California.
March 13, 2017 • Posted in Weekly Real Estate News Roundups
Home flippers in three Bay Area cities pulled down profits in excess of $100,000 last year, while Americans' confidence in the housing market has climbed to a new high. Peruse the latest headlines of note in our weekly Real Estate Roundup.
March 7, 2017 • Posted in Market Conditions
U.S. homes remained a sought-after commodity in February -- typically a slow month for real estate activity. That was certainly the case here in the Bay Area, where homes sold at the quickest clip in the nation.
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