First off, what a year in real estate we had in the San Francisco Bay Area in 2014! A few of the highlights were; the continued decline in homes to purchase; the growing of off-market home sales; mortgage interest rates remained at record lows in spite of the Feds ending their purchase of mortgage backed securities; the continued appreciation of home values; the continued lack of new home construction which impacted the lower number of homes to sell. And, given all of these factors the value of the total of homes sold still exceeded 2013 totals! Job growth is the key indicator for any healthy real estate market. Continue reading
San Francisco, November 11, 2013 – Mark A. McLaughlin, CEO of Pacific Union, has been named the recipient of the 2013 RISMedia Real Estate Leadership Award. McLaughlin accepted the award at RISMedia’s annual Power Broker Dinner on November 8, held in conjunction with the National Association of REALTORS® Conference & Expo in San Francisco.
The national award recognizes a member of the real estate community who embraces innovation and exercises resilience to blaze new paths to success for real estate professionals and consumers alike.
“I am seriously humbled by this award, which goes to my team at Pacific Union as I am far more dependent on them than they are on me,” said McLaughlin. “It’s exciting for all of us to see our hard work recognized with this exceptional industry accolade.” Continue reading
For the past five years the U.S. has been “on sale” for foreign investors. The four top cities for foreign investment into real estate have been New York, San Francisco, Los Angeles and Miami. However, real estate purchases from non-U.S. buyers fell 17 percent nationally in the past 12 months according to the latest National Association of Realtors yearly survey. Continue reading
This past week was Inman Connect’s 2013 real estate tech conference in San Francisco. It was four days filled with current best practices using technology for the real estate industry, and a keen focus on what is coming in the future for how technology will be used to better serve the consumer experience when buying or selling real estate. It felt as if I was trying to drink out of a fire hydrant for four days. Continue reading