The number of homes for sale in the Bay Area improved slightly year over year in July, though prices continued to show strong gains. Pacific Union Chief Economist Selma Hepp breaks down the latest market data in a new, in-depth analysis.
Tag Archive: Santa Clara County
The number of Golden State residents who could afford to purchase a home declined in the most recently completed quarter, with more than 80 percent of counties less affordable than they were one year ago.
Purchasing a home in a good school district has always been a high priority for buyers who have or want children, and recent survey results show just how much a neighborhood's educational pedigree matters.
A lack of homes for sale continued to drive Golden State prices in June, with the nine-county Bay Area posting double-digit percent annual appreciation for the 12th straight month.
Although California created the fewest number of jobs in June since the recovery began eight years ago, the state's employment picture remains very solid. Pacific Union Chief Economist Selma Hepp offers her take on the latest job-market numbers for California, the Bay Area, and Los Angeles.
Bay Area home prices rose by 16 percent year over year in June, while inventory continued to decline. Pacific Union Chief Economist Selma Hepp offers an in-depth analysis of the latest local home sales activity and market conditions.
Homes prices at the highest end of the market were up by double-digit percentage points in Silicon Valley, while Facebook earns yet another accolade from its employees. Check out these and other stories of interest in Pacific Union's latest 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.
Home price gains continue to outstrip wage growth as the second quarter comes to an end, with three Bay Area counties ranking among the nation's five least affordable.
Hot on the heels of a report that both California and Bay Area home prices reached new highs in May comes news that U.S. home prices followed suit, once again the result of more buyer demand than properties for sale.
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