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Eight Housing Market Predictions for 2018

Pacific Union offers our perspective on some key U.S. economic and housing market trends that we believe will play out in the coming year. For a longer-term forecast for Los Angeles housing markets over the next three years, read our recap of Pacific Union’s Real Estate and Economic...

Posted 18 days ago
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Key Takeaways From Pacific Union’s Los Angeles Real Estate and Economic Forecast to 2020

On Nov. 29, Pacific Union held its first annual Los Angeles Real Estate and Economic Forecast in partnership with John Burns Real Estate Consulting in order to project market activity through 2020. Below are some key, high-level takeaways from the live event. To watch the full one-hour...

Posted 22 days ago
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How will the final version of tax reform affect California Housing Markets?

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...

Posted 1 month ago
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August: Mixed Month for Job Creation in California

After incredible job growth in July, which rose to 84,500 positions, August data from the California Employment Development Department was mixed, showing a decline of 8,200 jobs. However, there are some discrepancies between the overall state number and California’s combined metropolitan...

Posted 4 months ago
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Homeownership Is Still Key to Realizing the American Dream

Owning a home remains a crucial part of achieving the American Dream, and financial gain is not the primary reason.That’s according to the 2017 State of the American Dream report from home-remodeling website Hearth, which surveyed 2,000 people of all ages across the U.S. Respondents said...

Posted 4 months ago
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China Formalizes Restrictions on Capital Outflow

EXECUTIVE SUMMARY:Chinese investment in U.S. property -- including lodging, real estate, and real estate investment trusts (REITs) -- has risen from $2.3 billion in 2013 to $33.1 billion in 2017.In California, nonresident Chinese buyers of residential real estate comprise more than 50 percent of...

Posted 5 months ago
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Chinese Most Active International US Real Estate Investors

According to the latest research from NAR, foreign investment in US homes surged nearly 50% over the past year. California remains a prime destination for overseas buyers, particularly those from China. International homebuyers purchased $153 billion of residential property between April...

Posted 6 months ago
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New tax-reform proposal is only a sneak preview

Executive SummaryThe Trump administration released its much-anticipated tax-reform proposal on Wednesday, April 26, entitled “2017 Tax Reform for Economic Growth and American Jobs.” The administration touts the proposal as the biggest individual and business tax cut in American...

Posted 9 months ago
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March sunshine lights up LA housing markets

Executive Summary: Los Angeles home sales rebounded in March, with almost 50 percent increase in volume from February, higher than the historical 30 percent increase between the two months. On a year-over-year basis, home sales are up 8 percent in March, with the largest increase in...

Posted 9 months ago