Newsletter: Real Estate Update & Local Events

What's Happening June 29 - July 1

Real Estate Update & Local Events



It's Time to Relax & Enjoy! Check-out our Newsletter for the lists of fun, family-friendly events for a weekend getaway that you will surely enjoy with your love ones. Read full events @bethanywpatten

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#mailchimp #enjoyment #relaxers #eventing #newsletters #realestate #PacUnion #bethanywpatten #sanfrancisco

Bay Area’s Sky-High Housing Market

Real Estate Roundup: The Median Down Payment in Silicon Valley Is $300,000

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious.

The Median Down Payment in Silicon Valley Is $300,000. Amassing a down payment cited as one of the biggest hurdles to homeownership for first-time buyers.

Read the full article @bethanywpatten on how a recent report sheds light on how difficult that task currently is in the Bay Area’s sky-high housing market.

#economy #realestate #homebuyers #seller #homecurious #PacUnion #bethanywpatten #loveyourhome #sanfrancisco #bayarea #sales #demand #reach

Home Prices Are Peaking Everywhere as Summer Arrives

Hot on the heels of a report that both California and Bay Area home prices reached new highs in May. U.S. home prices followed suit, once again the result of more buyer demand than properties for sale. May saw the most new homes in a decade completed in the U.S. But is it enough? Read more on the @bethanywpatten

• U.S. home prices reached an all-time high of $264,800 in May.
• California and Bay Area home prices also climbed to a new peak in May, a respective $600,860 and $1,088,000.
• While nationwide housing starts are near an 11-year high, that is still 30 percent less than needed to meet buyer demand.

#realestate #homebuyers #PacUnion #bethanywpatten #loveyourhome #sanfrancisco #sales #demand #reach #suite

California’s May Jobs Report

California’s Unemployment Rate Maintains Record Low in May

• California’s unemployment rate remained at a record-low 4.2 percent in May.
• The large monthly swings may overshadow the strength of California’s employment numbers. Taken together, the state added 306,000 jobs from last May, a 1.8 percent increase.
• All California metro areas saw employment rise over the past three months.
• San Francisco and San Mateo counties added 2,100 jobs from April, and the unemployment rate dropped to 2 percent.
• Marin County’s unemployment rate dropped to 2 percent in May adding 1,100 jobs.

Read the full analysis of Pacific Union Chief Economist Selma Hepp @bethanywpatten

#unemployment #jobs #realestate #homebuyers #PacUnion #bethanywpatten #LoveYourHomeSF #loveyourhome #loveyourhomesanfrancisco #economists 

San Francisco Has the Nation's Fewest Delinquent Mortgage Holders

A thriving economy and rising home equity have helped pushed mortgage delinquencies to the lowest point since before the Great Recession, with San Francisco claiming the best late-payment rate of any large U.S. city. For the latest real estate data, read more on the @ bethanywpatten blog.


Of the 10 largest core-based statistical areas in the country, San Francisco — which includes Marin, San Mateo, Alameda, and Contra Costa counties — boasts the nation’s lowest mortgage-delinquency rate, at 1.5 percent.

#jobs #realestate #homebuyers #PacUnion #bethanywpatten #loveyourhome #SanFrancisco #BayArea #MarinCounty

Father’s Day Weekend Getaway!

What's Happening June 15-17

Father’s Day Weekend Getaway! Ideas for play over the weekend. Let's make this weekend memorable for the whole family most especially for our Father. Let Dad be captain for the day from picking your own organic strawberries, flying a kite, bike tour, fishing, camping, 125 arts and crafts booths and food trucks joining the fun. Enjoy and celebrate father's day over the weekend with one of these family-friendly ideas. Read more on the @bethanywpatten newsletter.

  

#PacUnion #bethanywpatten #loveyourhome #fathersday #newsletters

PacUnion May Market Analysis 2018: Bay Area

The Bay Area’s Median Home Price Climbs to $1 Million in May

Strong year-over-year home price appreciation continued in the Bay Area in May, pushing the median sales price to $1 million. Pacific Union Chief Economist Selma Hepp offers an in-depth analysis of the latest Bay Area real estate market conditions. Read full article #bethanywpatten

Executive Summary:

• The Bay Area’s median home price reached $1 million in May, a 17 percent year-over-year increase, with Silicon Valley continuing to post 30 percent appreciation.
• Homes sales activity matched last May, with San Francisco showing the strongest gain, up by 7 percent year over year. Napa County sales were slower than last year. Higher-priced sales rose up by about 30 percent.
• Activity in Napa and Sonoma counties was relatively slower than in the rest of the Bay Area.
• More new listings helped boost sales, especially for homes priced between $1 million and $2 million, which posted a 26 percent increase from last May. Santa Clara County listings jumped the most, at 14 percent.
• Other housing-market indicators also suggest strengthening demand:
• Homes generally sold in 12 days across all price ranges.
• The share of homes that sold for more than asking price trended higher again, moving up to 75 percent.
• The average share of sales that had price reductions also trended lower, bottoming out at 7 percent in March and remaining at 9 percent in May

#jobs, #realestate, #homebuyers, #homesinsanfrancisco, #PacUnion, #bethanywpatten, #LoveYourHomeSF, #loveyourhome, #loveyourhomesanfrancisco, #sanfranciscohomesforsale

California Posts the Nation’s Largest First-Quarter Home-Equity Gain

Real Estate Roundup: California Posts the Nation’s Largest First-Quarter Home-Equity Gain

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. Bay Area homeowners are doing particularly well when it comes to accruing home equity. Read the full article @bethanywpatten


That’s according to CoreLogic’s latest Homeowner Equity Insights report, which says that the average California homeowner gained $51,000 in equity between the first quarter of 2017 and the first quarter of 2018. In a statement accompanying the report, company President and CEO Frank Martell said that he expects homeowners in Western states to continue to see substantial equity gains, thanks to robust economic growth and increased buyer demand.










#realestate, #homebuyers, #homesinsanfrancisco, #PacUnion, #bethanywpatten, #LoveYourHomeSF, #loveyourhome, #loveyourhomesanfrancisco, #sanfranciscohomesforsale, #homeowners, #economicgrowth, #homeequity

Pacific Union’s May 2018 Real Estate Update

Pacific Union’s May 2018 Real Estate Update

Homebuyer demand remained strong in May, with properties selling faster than they did one year ago in every Northern California region in which Pacific Union operates except for Sonoma Valley. Homes sold in less than three weeks in the East Bay, Contra Costa County, Silicon Valley, and the Mid-Peninsula.


Click on the image accompanying each of our regions below for an expanded look at local real estate activity in May. Read full article @bethanywpatten

#homesinsanfrancisco, #PacUnion, #bethanywpatten, #LoveYourHomeSF, #loveyourhome, #loveyourhomesanfrancisco, #sanfranciscohomesforsale, #realestate, #homebuyers

Breaking News: SF developer wants to build first co-working and co-living tower

Breaking News: SF developer wants to build first co-working and co-living tower

Developer Realtex wants to bring a new type of hybrid to San Francisco: a mash-up of co-living and co-working.

The developer is honing a proposal for a 13-story high rise building on the northeastern corner of 4th and Bryant streets that would blend residential and office space. The idea would be to put both uses on the same floor to give employers and the employees the best of both worlds: a home in a prime location in San Francisco and easy access to work.

Workers and employers are both struggling with high housing costs and long commutes, so developer Realtex wants to create a building where employees can live and work in a new hybrid concept. Read full article at https://goo.gl/8NA2ae

#jobs, #homesinsanfrancisco, #PacUnion, #bethanywpatten, #LoveYourHomeSF, #loveyourhome, #loveyourhomesanfrancisco, #sanfranciscohomesforsale #breakingnews #employability #towers #itdevelopment #hybridization

Economists: Latest jobs numbers good for economy, not for housing

Economists: Latest jobs numbers good for economy, not so much for housing industry


Jobs increased by 223,000 in May, affordability and home building still need help. As jobs increased in May, the unemployment rate dropped by 0.5 percentage point, falling to 3.8%, according to the latest Employment Situation Summary report from the U.S. Bureau of Labor Statistics. Factom clears up misconceptions about blockchain. Real the full article here http://bit.ly/2HnjPeg

#jobs, #homesinsanfrancisco, #PacUnion, #bethanywpatten, #LoveYourHomeSF, #loveyourhome, #loveyourhomesanfrancisco, #sanfranciscohomesforsale

May 2018 U.S. Jobs Report

The national unemployment rate fell to 3.8 percent, similar to April 2000 and the lowest recorded since 1969. The unemployment rate for women also dropped to lowest since 1953 and continues to trend lower for other demographics.

A strong point in the report was the increase in hourly wages, up 2.7 percent from a year ago to $26.92. In addition, wages of non supervisory workers have increased at a faster rate than wages overall for the first time since 2014.

In explaining why wage growth has lagged during this expansion, economists note that millennials, who are replacing retiring baby boomers, generally make smaller starting salaries than the retiring boomers have now. Also, worker quits, which is often viewed as a sign of employee confidence in the labor market, has not been as high as in previous expansion periods, potentially due to baby boomers staying longer in the labor market. However, job switching has picked up in recent months, and they are also a source of upward pressure on wages, since workers generally receive more money in their new jobs.

The U.S. economy created more than 220,000 new jobs in May, while wages posted strong growth. Pacific Union Chief Economist Selma Hepp offers an analysis of today's U.S. jobs report. Read more on Pacific Union's blog at https://pacunion.us/2spPtDc


 





#pacificunion #selmahepp #jobs #PacUnion #bethanywpatten #homesinsanfrancisco #loveyourhome #loveyourhomesanfrancisco #sanfranciscohomesforsale

What's Happening: Real Estate News & Fun Events this Weekend

IDEAS FOR PLAY THIS WEEKEND! 

Here are the lists of fun events that you will surely enjoy over the weekend with your love ones. More than 30 food vendors in a huge circle with a full bar and bands and DJs in the middle? Now that’s a party; it’s also California’s largest weekly street food market. Read the full lists of events here Real Estate News & Fun Events this Weekend

“Off the Grid” Food Truck Party & Beer Garden

2018 Berkeley World Music Festival

2018 Union Street Music Festival

San Francisco Beer & Music Festival

#homesinsanfrancisco, #PacUnion, #bethanywpatten, #LoveYourHomeSF, #loveyourhome, #loveyourhomesanfrancisco, #sanfranciscohomesforsale