Most millennials think that buying a home is a top priority. Also: Mortgage rates are nearing the 5 percent mark. Check out these and other key housing headlines in Pacific Union's latest Real Estate Roundup.
Tag Archive: San Jose
For the second year in a row, most of the greenest cities in the U.S. are in California, again reflecting residents' environmentally conscious natures.
Silicon Valley posted the most new home listings in the country on an annual basis in September, while the U.S. employment rate has fallen to its lowest level since 1969. Get these and other stories of note from around the housing world in Pacific Union's latest Real Estate Roundup.
A relatively affordable ZIP code in Alameda County ranks among the country's hottest real estate markets this year. Meanwhile, mortgage rates have climbed to a seven-year high. Read more in Pacific Union's latest weekly Real Estate Roundup.
Pacific Union Chief Economist Selma Hepp digs into the implications that Proposition 10 -- which would repeal the Costa-Hawkins Rental Housing Act -- would have on California housing markets.
Although inventory has been improving modestly in the Bay Area over the past couple of months, it is still insufficient to meet demand, causing most homes in the San Francisco metropolitan area to sell for premiums this summer.
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.
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.
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