Real Estate Roundup: Bay Area Suburbs Rank as Hottest U.S. Housing Market for Fifth Straight Month

The Moore Group July 5, 2017

Bay Area Suburbs Rank as Hottest Real Estate Markets

Bay Area Suburbs Rank as Hottest U.S. Housing Market for Fifth Straight Month

Limited inventory prompted U.S. buyers to snap up properties quickly in June, with homes in the Bay Area selling about twice as fast as the national average. Read the story at http://pacunion.us/2txgHdp

California, Bay Area Pending Home Sales Drop Again in May

Pending home sales continue to fall nationwide, statewide, and in the Bay Area, an early sign that housing markets may be in for a slower-than-usual summer. Details are at http://pacunion.us/2u2y2bl

U.S., Bay Area Home Prices Hit New Record Highs in May

Intense demand for housing coupled with supply constraints pushed U.S. home prices to an all-time high in May, with properties leaving the market faster than ever before. Here in the Bay Area, home prices also reached a new peak, as buyers hit the market in full force. Read more at http://pacunion.us/2tfMakb

Will Increased Homeowner Confidence Equal More Listings?

The number of homeowners who think that the time is right to sell is up significantly from one year ago, but that may not necessarily translate to more inventory, the lack of which has some economists worried about an affordability crisis. For more, go online to http://pacunion.us/2tmrY0f

Real Estate Roundup:  The Plight of Millennial Homebuyers in Silicon Valley

A new study says that millennial homebuyers in the Bay Area face a down-payment savings time of nearly three decades, while another finds that Napa is one of the best places in America to hold an outdoor party. Get the lowdown on these and other stories of note in Pacific Union’s weekly Real Estate Roundup – online at http://pacunion.us/2tyNIG0

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