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, […]

California Is Home to the Largest Share of Millennials, and They Are Active Homebuyers

A recent report by The Brookings Institution took a deep look at the millennial generation (defined as those ages 25 to 34). Millennials are important because they are currently the largest generation since baby boomers. Millennials make up about 25 percent of the U.S. population, 30 percent of the voting population, and 40 percent of the […]

Pacific Union Sells One of a Kind Home

One lucky owner now enjoys one of the finest estates in Lake Tahoe. Pacific Union International starts the year off representing the buyer on this stunning Lake Tahoe estate, selling for an astonishing $7,500,000.   This luxurious mansion was architecturally designed and constructed in 2007 making it a one of a kind Tahoe retreat as […]

Eight Housing Market Predictions for 2018

Below, Pacific Union offers our perspective on some key U.S. economic and housing market trends that we believe will play out in the coming year. For a longer-term forecast for Bay Area housing markets over the next three years, read our recap of Pacific Union’s Real Estate and Economic Forecast to 2020, which was held in […]

Both Younger and Older Americans Prefer Walkable Neighborhoods

About 60 percent of millennials and Americans aged 73 and older prefer living in communities in which they can walk to amenities. More than half of those surveyed believe that living in a walkable neighborhood is key to their satisfaction. Regardless of age bracket, one-third of Americans believe that living near public transportation is important. […]

Pacific Union Joins Forces With Los Angeles-Based Gibson International

Pacific Union is pleased to announce that we’ve united with Los Angeles-based brokerage Gibson International, the next step on our journey to becoming the ultimate California company. Co-founded by President Scott Gibson and Executive Vice President Pat Heller, Gibson International adds 160 of Southern California’s top real estate professionals and a projected $1 billion of […]

U.S. Housing Inventory Crunch to Ease in 2018, Forecast Says

More housing supply is expected to hit the market by next fall, though the inventory of starter homes will be slower to improve. The U.S. median home sales price is projected to increase by 3.2 percent in 2018, down from 5.5 percent this year. Home prices in the are projected to increase by a respective […]

Rising From the Ashes: How Will the Wine Country Wildfires Affect Its Housing Markets?

Executive Summary: The Wine Country wildfires are estimated to have destroyed about 2,800 homes so far, or about 5 percent of Santa Rosa’s housing stock. The current property damage approaches $4 billion. With rents and home prices already growing robustly, there will be further pressure on prices given the region’s already tight inventory. City and […]

The Best Bay Area Fall 2017 Events

Just because summer is ending doesn’t mean there aren’t plenty of things to do across the Bay Area and the Lake Tahoe region. We’ve curated a list of the many festivals and events recommended by our local offices. Have a great autumn! Contra Costa County/Tri-Valley Lafayette Art & Wine Festival, Lafayette Held each year on […]

Annual Home Price Growth Recorded in 9 of 10 U.S. Metro Areas

Nationwide, the median single-family home price grew by 6.2 percent year over year in the second quarter to reach a new peak of more than $250,000. Annual appreciation in the Bay Area’s two largest metropolitan areas outstripped the U.S. rate — San Jose (9.1 percent) and San Francisco (8.6 percent). San Jose and San Francisco […]