A continued shortage of homes for sale pushed California's median home sales price to a new record for the first time since the previous housing boom, with the Bay Area recording double-digit percent annual growth for the 11th straight month.
Tag Archive: Napa County
California continued to create jobs in May, with the unemployment rate remaining at an all-time row. Pacific Union Chief Economist Selma Hepp offers her perspective on the latest employment trends in California, the Bay Area, and Los Angeles.
Strong year-over-year home price appreciation continued in the Bay Area in May, pushing the median sales price to $1 million. Pacific Union Chief Economist Selma Hepp offers an in-depth analysis of the latest Bay Area real estate market conditions.
Homebuyer demand remained strong in May, with properties selling faster than they did one year ago throughout most of the Bay Area. Get all the latest market data you need to know to make an informed homebuying or selling decision in Pacific Union's May 2018 Real Estate Update.
California's unemployment rate fell to a new record low of 4.2 percent in April, with employers adding 39,300 jobs during the month. California has now gained nearly 3 million jobs since the economic expansion began in February 2010, according to Pacific Union Chief Economist Selma Hepp.
Golden State home prices could eclipse their previous peaks within the next few months, while the nine-county Bay Area continued to record double-digit percent appreciation in April, pushing prices just above $1 million.
California and Bay Area housing affordability inched up quarter over quarter, but the state is home to all 10 of the least-affordable major real estate markets in America.
The Bay Area's median home sales price neared $1 million in April, with the region once again posting double-digit percent annual appreciation. Get Pacific Union Chief Economist Selma Hepp's in-depth perspective on the latest market data.
All Bay Area regions in which Pacific Union operates posted year-over-year median home price increases in April, except Napa County, which saw slight annual depreciation. Get all the latest market data of note in Pacific Union's April 2018 Real Estate Update.
While California shed jobs from February to March, the state's unemployment rate remains at the lowest level in more than 40 years. Get Pacific Union Chief Economist Selma Hepp's take on the latest employment numbers.
Sign Up for Daily Blog Updates
Receive daily blog posts from Pacific Union in your inbox.
Sign up for Monthly Market Updates
Receive monthly real estate news from Pacific Union in your inbox.