California Housing Inventory Near a 3-Year High in September

From the Pacific Union blog:
The nine-county Bay Area saw the number of homes for sale improve on both a monthly and annual basis, as the month's supply of inventory rose to 3.2.  All counties posted year-over-year gains, with the monthly supply of inventory ranging from 2.7 in Alameda County to 5.6 in Napa County.
Read all the details . . . https://bit.ly/2EKqMtS

Pacific Union Quarterly Report: Q3 2018

From the Pacific Union blog:
As in the second quarter, the median home price in the third quarter of 2018 increased year over year in every northern California region in which Pacific Union operates.  Get all the latest market data, plus expert commentary from Pacific Union Chief Economist Selma Hepp in out latest quarterly real estate report.  https://bit.ly/2Jakxhz

Downsizing Homes Can Save Californians Big Bucks

From the Pacific Union blog:
Many Golden State baby boomers and other empty-nesters may no longer need that spacious home they bought when they were raising a family and a recent study may give them a significant incentive to downsize.  A PropertyShark study published last month determines how much homeowners in 20 major California cities can save by purchasing a smaller home.  https://bit.ly/2RIKwRh

Proposition 10: Possibly the Worst Approach to California’s Current Housing Crisis

Pacific Union blog:
This is just a few issues with Prop 10---read all about it at https://bit.ly/2RjUrw4
It prohibits "strict" rent control  (for instance, vacancy control) which requires rents to remain controlled even after a tenant moves out.  Since Costa-Hawkins passed, owners may still increase the rent equivalent to the change in the cost of living as measured by the Consumer Price Index.  For more info on this please call FRITZ.