Although the Golden State's tight housing supply situation improved again in September, rising mortgage rates and buyer sentiment that the market may be topping out conspired to hold back home sales.
Tag Archive: San Mateo County
California's unemployment rate dropped to the lowest level in more than 40 years in September. Pacific Union Chief Economist Selma Hepp offers her perspective on the Golden State's latest jobs report.
Almost one-third of the U.S. population now lives in an area where a six-figure income is necessary to afford a home purchase, and here in the Bay Area, buyers will need to earn quite a bit more than that to get a foot in the door.
Real Estate Roundup: California Claims One-Third of the 20 Fastest-Growing U.S. Luxury Housing Markets
San Mateo and San Francisco counties have the most-expensive luxury home prices in America, while Alameda County's Fremont has once again earned accolades for its family-friendliness. Get the skinny on what's going down in the world of California housing markets in Pacific Union's latest Real Estate Roundup.
August was another solid month for job additions in California, with employers creating 44,800 positions and the unemployment rate remaining at a record low. Get Pacific Union Chief Economist Selma Hepp's take on the latest numbers.
The number of active listings in California rose by more than 15 percent year over year in August, though prices continued to increase in every major region of the state, with the nine-county Bay Area posting the largest gain.
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.
The nine-county Bay Area continued to record substantial year-over-year price gains in July, further shutting out more buyers and causing sales activity to spike in some of the region's relatively more affordable markets.
California employers added almost 50,000 jobs in July, while the unemployment rate remained at an all-time low. Pacific Union Chief Economist Selma Hepp examines the latest job numbers for the state, the Bay Area, and Los Angeles County.
Santa Clara, San Mateo, Sonoma, and Marin counties rank among the nation's 20 luxury housing markets with the highest annual price growth.
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.