The Bay Area's real estate market and high-performance economy are currently running at full steam and appear poised to carry that momentum over the long term.
Tag Archive: San Francisco
Despite the Bay Area's exceptionally high housing costs, the region is the nation's most in-demand job market for workers who are willing to relocate, while Los Angeles is also a popular destination.
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.
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.
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.
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.
Nine in 10 U.S. metropolitan areas saw annual home price increases in the first quarter of 2018, with Silicon Valley putting up the highest appreciation in the country.
More Americans than ever think that now is the right to time to sell a home, while California has officially mandated that all new homes built in the state will have solar-power features. Take a look at the latest housing headlines in Pacific Union's weekly Real Estate Roundup.
While most American homeowners and prospective buyers probably do not ponder the construction sector on a regular basis, current trends in that industry could affect their wallets in the coming months.
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