Bay Area Housing Markets Highly Unaffordable for Low-Down-Payment Buyers

Although nine out of 10 U.S. homes are more affordable than their historic averages for buyers using low-down-payment programs, that’s not the case here in the Bay Area, according to a recent report. In a study conducted with Down Payment … Continue reading

Weekly Update January

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Pacific Union Earns Prestigious Award for Custom Technology Tool

Pacific Union is pleased to share the news that we recently won a prestigious accolade for our custom-built digital tool, which allows real estate professionals to give high-quality client presentations with the click of a button. The Web Marketing Association … Continue reading

Worried About Interest Rates? Just Be Glad It’s Not the 1980s

Rising interest rates are a real concern today, but a recent blog post on Freddie Mac’s website helps put the topic in perspective. The average interest rate on a 30-year, fixed-rate mortgage this week was 4.4 percent, up from 4.32 percent last week … Continue reading

Homebuyers Are Happy, Led by Millennials

Recent homebuyers are overwhelmingly happy with their purchases, according to a recent survey, but the reasons why depend on the age of the buyer. Most younger buyers consider their homes strong investments, while older buyers view their new homes as … Continue reading

California, Bay Area Economic Recovery Still Going Strong

As we reported earlier this week, Freddie Mac recently issued a sunny 2014 forecast for the U.S. housing market but noted that job growth will play a key role in the ongoing recovery. California’s February unemployment report bolsters Freddie Mac’s optimistic outlook here in … Continue reading

Home Prices in Three Bay Area Counties Near the Million-Dollar Mark

If home prices in certain parts of the Bay Area continue their steady rise, even more buyers will find themselves staring at seven-figure price tags in the near future. Strong appreciation over the past year has pushed the median single-family … Continue reading

SILICON VALLEY ECONOMY EXPLODING

The current tech boom is bringing high wages and low unemployment rates to Silicon Valley, so much so that a recent SFGate article claims that its economy has returned to heights seen in the dot-com era. Using data from Joint Venture Silicon Valley’s annual … Continue reading

U.S. HOME PRICE GAINS BEST SINCE 2005

Home prices across the nation grew year over year for the 22nd straight month and saw the largest gains in eight years, according to CoreLogic’s December Home Price Index. “Last year, home prices rose 11 percent, the highest rate of annual … Continue reading

Real Estate Roundup: Lengthy Government Shutdown Could Stall Housing Recovery

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious: PROLONGED GOVERNMENT CLOSURE MAY HINDER MORTGAGE LOANS The U.S. government shutdown, which began October 1, could prove to be more than just a temporary annoyance … Continue reading