Todd & Lisa Sheppard
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Archive for August 2015

Real Estate Roundup: Bay Area Median Home Price Just Shy of Record High

August 28th, 2015   by lisasheppard


Recent news of interest to home buyers, home sellers, and the home-curious includes a report that the median sales price for a Bay Area home is just a few thousand dollars short of its all-time high. Also, more Golden State homeowners are turning to water-recycling systems in order to keep their lawns green during the prolonged drought.

To read more, Click Here.

Bay Area Employment 10 Percent Higher Than Prerecession Levels

August 27th, 2015   by lisasheppard


California continues to outpace the U.S. for job growth, with the Bay Area’s thriving economy at the forefront of the state’s recovery.

The state added 80,600 nonfarm positions in July while the unemployment rate fell to 6.2% on a seasonally adjusted basis, down by nearly half from its peak of 12.2%t at various points during 2010. Since the recession ended, the state has added more than 2 million jobs.

To read more, Click Here.

Pacific Union Moves Up the Ranks of Fastest-Growing U.S. Companies

August 27th, 2015   by lisasheppard

Inc. 500 Logo

Pacific Union has once again been named to the Inc. 5000 list, which ranks the fastest-growing private companies in the U.S. based on revenue growth. Since our initial appearance on the list in 2013, we have moved up its ranks more than 1,000 spots.

To read more, Click Here.

Second-Quarter Home Prices Rise in 9 of 10 U.S. Metro Areas

August 27th, 2015   by lisasheppard

Monopoly houses sitting on pennies.

A limited number of homes for sale fueled prices across the country in the second quarter, with more than 90 percent of metro areas posting annual gains. San Jose and San Francisco were the nation’s two priciest housing markets, where homes cost about four times more than they do nationwide.

To read more, Click Here.

Today’s Smart-Home Devices Add Convenience, Value

August 21st, 2015   by lisasheppard

Circuit Board

Can smart home technology make a difference in the value of your home?  Turns out it does!

A recent survey found that smart-home devices such as connected lighting and thermostats, remote-access security, and smart locks could make a big difference in how much a buyer might spend on a home purchase and how quickly they might act.

To read more, Click Here.

Pacific Union’s July 2015 Real Estate Update

August 19th, 2015   by lisasheppard


PowerPoint Presentation

At $545,000, the July median sales price in Sonoma County was essentially unchanged from the previous two months, dropping a mere $500 from June.  The MSI shrank to 1.6, which ties one-year lows recorded last December.

The average Sonoma County buyer paid 97.8 percent of the original price, and properties sold in 60 days – both in line with numbers from last July.

To read about other Bay Area countries, Click Here.

Millennial Homebuyers Face Credit-Score Challenges

August 19th, 2015   by lisasheppard


Millennials make up the largest percentage of the U.S. population and recently surpassed Generation X as the biggest portion of the labor force, but the younger generation’s credit score could be a factor that’s delaying or preventing more of them from entering the housing market.

To read more, Click Here.

Homebuyers Paying Less in Closing Costs in 2015

August 17th, 2015   by lisasheppard


Good news for home buyers: Average closing costs have dropped 7.1 percent over the past year, according to a nationwide survey. In California, closing costs fall slightly below the national average.

To read more, Click Here.

Real Estate Roundup: Returns on Home Flipping Down in Expensive Markets

August 14th, 2015   by lisasheppard

Money house

Recent items of interest to home buyers, home sellers, and the home-curious includes news that even as home-flipping returns rose across the U.S. in the second quarter, they were weakening in expensive places like San Francisco. Also, Chinese immigration to the U.S. is driving up the number of millionaires who call the country home.

To read more, Click Here.

New Homes Today Are Larger, With More Amenities

August 12th, 2015   by lisasheppard

New home under construction

How does your home compare with the latest trends in residential construction?

Data from the U.S. Census Bureau details new-home characteristics for 2014 and shows how trends in residential construction have changed over the decades.

To read more, Click Here.