Labor Shortages, Materials Costs Increases to Drive Up Home-Remodeling Costs

May 21, 2018 A recent survey found that remodeling firms expect labor shortages to worsen this year, while worker and materials costs will increase. More than nine in 10 remodeling businesses report a shortage of carpenters. About 70 percent of home-improvement companies will pass increased labor and materials costs on to customers. While most American […]



Real Estate Roundup: Is Now the Best Time Ever to Sell a Home?

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. AMERICANS’ CONFIDENCE IN THE HOUSING MARKET CLIMBS TO ALL-TIME HIGH Rising home prices and a strong U.S. economy have propelled Americans’ optimism in the housing market to a record high, though persistent inventory shortages will likely remain a challenge for […]



California Surpasses the U.K. as the Fifth-Largest Global Economy

May 8, 2018 Robust 2017 economic growth in California helped push the state to the world’s fifth-largest economy, surpassing the United Kingdom. Only the U.S., China, Japan, and Germany now have larger economies than California. The size of California’s economy is a little more than one-tenth of the size of China’s economy. In 2017, California’s gross […]



Real Estate Roundup: Bay Area Homeowners Begin 2018 as the Nation’s Most Equity-Rich

May 7, 2018 Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. SAN JOSE, SAN FRANCISCO CONTINUE TO HAVE THE NATION’S MOST EQUITY-RICH HOMEOWNERS  As Pacific Union published in its first-quarter 2018 real estate report, single-family home prices in San Francisco and Silicon Valley posted substantial annual home price gains […]



Real Estate Roundup: California Housing Markets Are No Longer on Top of the Nation’s Hot List

April 30, 2018 Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. SAN FRANCISCO LOSES ITS STATUS AS HOTTEST U.S. REAL ESTATE MARKET IN APRIL For the past couple of years, California cities have dominated realtor.com’s monthly list of the nation’s 20 hottest real estate markets, with San Francisco, San […]



Real Estate Roundup: California Homebuyers Face the Nation’s Longest Down-Payment Savings Time

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. IT TAKES A DECADE TO SAVE FOR A DOWN PAYMENT IN THE BAY AREA AND LOS ANGELES Although workers in the San Francisco area earn some of the highest salaries in the U.S., the region’s high-dollar housing market dictates that […]



Q1 2018 Lake Tahoe Market Report

The return of plentiful snow to the Sierra Nevada mountains brought visitors flocking to the Lake/Tahoe Truckee region in the first quarter and helped drive home sales, which remained consistent with typical seasonal trends. Sales of homes priced above $2 million continued to dominate the market, jumping by 164 percent over the same period last […]



U.S. Employment Growth Slows in March, as Weather Plays a Big Factor

April 6, 2018 by Selma Hepp • Posted in Economic & Employment News, Economic Straight Talk, Featured Posts, Pacific Union Insights   Today’s national employment report from the U.S. Bureau of Labor Statistics did not live up to expectations, with the country adding 103,000 jobs in March and the report including a downward revision of 50,000 jobs for January and February. Over the […]



Real Estate Roundup: San Francisco Is Still the Hottest U.S. Housing Market This Spring

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. AS USUAL, CALIFORNIA DOMINATES MARCH’S LIST OF THE NATION’S MOST IN-DEMAND REAL ESTATE MARKETS More buyers than ever are eyeing an increasingly smaller pool of homes on the market, with San Francisco retaining its title as the most sought-after market […]



Los Angeles Business Journal Ranks Pacific Union No. 1 Independent Brokerage

The Los Angeles Business Journal just published its 2018 list of the top residential real estate brokerages in Los Angeles County, and in a top 10 heavy with national corporations, Pacific Union International was not only the No. 1 independent brokerage but No. 2 overall in the county by sales volume. As the publication reports, […]