Pacific's Union May 2017 Real Estate UpdateJune 9, 2017 by Tom LeMieux
Similar to April, inventory conditions in Pacific Union’s Bay Area regions in May were almost uniformly down year over year except in the East Bay, where the number of homes for sale improved only slightly from last spring. The lack of......READ MORE
Rising Mortgage Rates Drag Down Refinancing ActivityJune 2, 2017 by Tom LeMieux
First-quarter refinancing and loan-origination numbers were down substantially on a quarter and monthly basis, as rising mortgage rates caused some homebuyers to pause.
Thirty-year, fixed-rate mortgages averaged 3.95 percent for the......READ MORE
Bay Area Pending Home Sales Continue to PlummetMay 23, 2017 by Tom LeMieux
California pending home sales decreased for the fourth consecutive month in April, while the Bay Area registered the seventh straight month of declines.
Bay Area pending home sales were down by more than 17 percent year over year,......READ MORE
California Home Prices Near a 10-Year High in AprilMay 17, 2017 by Tom LeMieux
The Golden State’s median home price climbed to a height not seen since the previous housing boom in April and is likely to keep rising, further squeezing already tight affordability conditions for the rest of the year.