August was another solid month for job additions in California, with employers adding 44,800 positions and the unemployment rate remaining at a record low. Get Pacific Union Chief Economist Selma Hepp's take on the latest numbers.
Downtown Los Angeles has seen its millennial population explode over the past few years, while The Castro and Glen Park are the most popular destinations in San Francisco.
The number of active listings in the Golden State rose by more than 15 percent year over year in August, though prices continued to increase in every major region of the state, with the nine-county Bay Area posting the largest gain.
Homes in the San Jose and San Francisco metropolitan areas flew off the market this summer, while buyers in those two cities are placing the largest down payments in America. Stay up to date with the latest in California real estate news in Pacific Union's weekly Real Estate Roundup.
Survey results released earlier this summer showed that nearly 80 percent of recent homebuyers sacrificed some amenities to purchase a property in their desired school district, and now another poll echoes the importance of education in the real estate decision-making process.
Despite getting another inventory boost in August, the Bay Area's median sales price rose by more than 10 percent year over year. Pacific Union Chief Economist Selma Hepp offers a detailed analysis of the latest market conditions.
The median sales price rose year over year in August in every Northern California region in which Pacific Union operates, ranging from less than 1 percent in Marin County to more than 15 percent in Silicon Valley. Pacific Union's August Real Estate Update can help you make a more informed homebuying or selling decision.
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