Bay Area Homebuyers Are Rarely Denied Mortgages
April 26, 2018
April 26, 2018
April 25, 2018
April 24, 2018
While California shed jobs from February to March, the state's unemployment rate remains at the lowest level in more than 40 years. Get Pacific Union Chief Economist Selma Hepp's take on the latest employment numbers.
Aspiring homeowners in San Francisco will need to save for nearly a decade to amass a 20 percent down payment, while mortgage rates have climbed to a four-year high. Check out the week's most notable housing-market headlines in Pacific Union's Real Estate Roundup.
Pacific Union would like to applaud the efforts of Nick Cooper and many of our other Bay Area and Los Angeles real estate professionals for their work helping to build homes where people need them most.
Over the past decade and a half, more than 20 U.S. states have not built enough homes to meet demand, leading to rising prices and decreased affordability, with California accounting for nearly half of the undersupply.
Bay Area home prices have been growing substantially on an annual basis since last summer, with March appreciation the highest yet during the current run.
Inventory was down on an annual basis across most of the Bay Area, pushing home prices up yet again. Get the latest market data and expert commentary from Pacific Union Chief Economist Selma Hepp in our first-quarter real estate report.
Pacific Union CEO Mark A. McLaughlin offers his thoughts on Zillow's recently announced iBuyer offering.
Homebuyer competition in the Bay Area remains as intense as ever this spring. Pacific Union Chief Economist Selma Hepp offers a detailed analysis of local housing market conditions in March.
The Bay Area's high-performance economy has been driving demand for housing for the past five years, and the region's job market appears stronger than ever in 2018.
More than two-thirds of U.S. housing markets were not affordable in the first quarter of this year -- including all major counties in California
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