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

U.S. Home Sales Hit Strongest Pace Since Previous Peak

From the Pacific Union blog:
America's housing market had its best year for sales in more than a decade in 2017, despite the tightest supply conditions on record.  According to a new report from the National Association of Realtors, there were 5.51 million existing single-family home, townhouse, condominium and co-op sales in 2017, an annual gain of 1.1 percent.  That's the highest level of activity since 2006, when there were 6.48 million U.S. home sales.  http://bit.ly/2DO7Ci1

Final Version of Tax Reform Is Still Detrimental for California Housing Markets

From the Pacific Union blog:
Republicans in Congress reconciled their different versions of the tax reform and offered their final version of the so-called Tax Cuts and Jobs Act today.  Congress will vote on the final version next week which is only slightly more favorable than the initial House of Representatives bill but still highly detrimental for most of California's coastal housing markets.  Read more of the relevant details at  http://bit.ly/2D6bLxJ .  For more information on this and all your real estate needs, call FRITZ.

US, Bay Area Housing Markets Finish the Year Strong

From the Pacific Union blog:
The national housing market enjoyed a sizable annual improvement in December, with the Bay Area's two major metro areas also flexing their muscles.  Read all about it at http://pacunion.us/1mDqLdJ.  For more information on this and for all your real estate needs, call FRITZ.