California home price appreciation should slow next year, although there appears to be no end in sight for the state's severe and prolonged inventory shortage.
Golden State homes should appreciate at almost double the national rate by next spring, though price growth and increasing rental costs do not bode well for affordability.
March 8, 2017 • Posted in Market Forecasts
The economy is expected to continue its expansion over the next three years, marking the longest stretch of prosperity on record, although there is a substantial risk of a recession by 2021.
February 2, 2017 • Posted in Market Forecasts
U.S. home sales volume and prices should continue to increase this year, although rising mortgage rates and declining affordability will prove challenging -- particularly in expensive markets like the Bay Area.
January 18, 2017 • Posted in Market Forecasts
Homeowners in the nation's hottest real estate markets can expect to reap substantial returns on home-renovation projects that they undertake this year, with the majority of jobs in San Francisco and San Jose projected to earn back 100 percent of their costs.
January 11, 2017 • Posted in Market Forecasts
Single-family home production, housing starts, and permits are all expected to rise this year, providing at least some relief to a market starved for inventory, although rising mortgage rates will likely exact a toll on affordability.
January 4, 2017 • Posted in Market Forecasts
Home price appreciation in the San Francisco and San Jose metro areas is expected to more than double the national rate this year, while rising mortgage rates will shut more first-time buyers out of the housing market.
December 1, 2016 • Posted in Market Forecasts
The Western U.S. is projected to lead the country for home price gains next year, with Bay Area appreciation expected to run at more than double the national rate.
Yesterday, Pacific Union held its third annual Real Estate and Economic Forecast in partnership with John Burns Real Estate Consulting in order to project Bay Area activity through 2019. Pacific Union Chief Economist Selma Hepp, one of the panelists at the event, offers key, high-level takeaways.
October 5, 2016 • Posted in Market Forecasts
Sales of Bay Area homes appear set to decline in the coming year due to a pair of all-too-familiar culprits: inventory constraints and low affordability. The better news for hopeful homebuyers who are playing the waiting game is that price appreciation is expected to remain moderate and interest rates should remain favorable.
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