The appreciation recorded in the Golden State over the past few years is paying off handsomely for homeowners, though it also means that real estate markets here are among the toughest in the U.S. for first-time buyers.
Tag Archive: Oakland
In what will come as little surprise to anyone who follows California real estate, the state is home to the top three housing markets in the country with the highest percentage of million-dollar properties, with Silicon Valley at the top of the pack.
Bay Area communities dropped off a list of the nation's hottest real estate markets in June, but a separate analysis says the region is on track for a boom market. Check out the latest local housing headlines in Pacific Union's weekly Real Estate Roundup.
Anyone who was financially able to purchase a home in California before the dot-com bubble popped is probably feeling pretty good about that decision today, as the state has since produced more than 1,100 owners who became millionaires simply by selling.
Residents of one Santa Clara County city earn median incomes that are roughly four times the California average, while Oakland is being called one of America's top spots for real estate investors. Get the latest housing stories from around California and the Bay Area in Pacific Union's weekly Real Estate Roundup.
The Bay Area has more billionaires than almost anywhere on earth, while mortgage rates have climbed to their highest levels in almost seven years. Pacific Union's latest Real Estate Roundup has these stories and more.
During the current housing cycle, Oakland has become a hot spot for Bay Area homebuyers who are priced out of San Francisco, so it's hardly surprising that a new study ranks the city as one America's fastest-rising real estate markets.
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.
Homeowners in Silicon Valley and San Francisco are still America's most equity-rich, while the Federal Reserve chose not to raise interest rates at its most recent meeting. Check out what's happening with the housing market in Pacific Union's weekly Real Estate Roundup.
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.