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Posts Related to Chief Economist Selma Hepp

Chief Economist Selma Hepp and Nina Hatvany quoted by Forbes on ‘Buyer Fatique’

‘Buyer Fatigue’ Setting Into Silicon Valley Real Estate Markets “Buyer fatigue” is setting into Silicon Valley real estate markets, according to Selma Hepp, PhD, chief economist at San Francisco-based Pacific Union International. “In my latest monthly analysis of Bay Area housing markets, the most interesting findings are in Silicon Valley. They include a notable drop in sales year over year, a decline in absorption rates ...more

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Pacific Union Chief Economist Selma Hepp quoted by San Francisco Chronicle

Bay Area home sales inch up to another record due to higher-end sales An increase in sales among higher-end homes drove Bay Area prices to another record in May, according to a new CoreLogic report. The number of homes — new and resale — that sold for $800,000 or more last month jumped 21.1 percent year over year, making one of the costliest markets in ...more

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Forbes quotes Pacific Union chief economist Selma Hepp on rising median home price in Los Angeles

Los Angeles’ Median Home Price Nears $1 Million As Fierce Bidding Wars Continue As Los Angeles’ median home price nears $1 million, bidding wars continue for shrinking inventory. Selma Hepp, Ph.D., chief economist and vice president-business intelligence at Pacific Union International, one of California’s leading luxury real estate brokerage companies, crunched the numbers for the Greater Los Angeles April housing report. “I wasn’t surprised that the Greater ...more

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San Francisco Chronicle covers Pacific Union Private View

Pacific Union will give public a peek at its private listings Photo: Peter DaSilva / Special To The Chronicle Pacific Union International, California’s second-largest residential real estate broker by volume, is launching a new service this week that will give the public a peek at its “off-MLS listings,” meaning homes for sale that aren’t on a Multiple Listing Service. It’s the latest in a growing ...more

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Pacific Union data cited by Haute Residence

As Silicon Valley Luxury Real Estate Soars, These Tech Centers Are Pretenders To Its Throne   No surprise that Silicon Valley real estate is among the most expensive in the nation. The prices of the properties that house the tech elite show no signing of slowing down. A recent report from Pacific Union International showed that home sales over $3 million nearly doubled in the ...more

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Pacific Union Chief Economist Selma Hepp interviewed by Los Angeles Times

Southern California home prices jump to a new record high Southern California’s median home price jumped 8.4 percent in March from a year earlier, setting a new all-time high, as hopeful buyers engaged in bidding wars over a limited supply of homes on the market. The six-county region’s median price for new and resale houses and condos hit $519,000 last month, up $40,000 from a ...more

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Pacific Union Chief Economist Selma Hepp quoted by Forbes on the Spring 2018 Real Estate Market

Real Estate Market For Spring 2018 Is A Good News/Bad News Story Shutterstock: Arch Mortgage Insurance Spring 2018 Report predicts potential 17% increase in monthly mortgage payments by year-end for Tampa, Florida The Spring 2018 real estate market is a good news/bad news story. A recently released report from Arch Mortgage Insurance  points to affordability slipping, inventory declining while interest rates and housing prices rise. Key findings ...more

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Selma Hepp interviewed by Mansion Global on Los Angeles housing market

Inventory in Los Angeles Continues to Decline As a result, prices are up in the California city; the average home sold in about a month Los Angeles home buyers will have fewer houses to choose from and less attractive prices during the busy spring buying season if trends seen in March continue. Housing inventory—the number of homes on the market—across every Los Angeles neighborhood was ...more

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Pacific Union Chief Economist Selma Hepp quoted by Mansion Global on Silicon Valley Luxury Home sales

Silicon Valley Luxury Home Sales Up 70% In the first quarter, bidding wars and soaring prices characterized the Bay Area market Multimillion-dollar mansions in Silicon Valley are driving the Bay Area’s booming housing market. Home sales over $3 million nearly doubled in the first quarter in Silicon Valley compared to a year ago, jumping 70%, according to a report from Pacific Union International on Monday. ...more

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Selma Hepp quotes by on Chinese real estate investment declines

Chinese real estate investment in U.S. declines by 55% Chinese investment in U.S. commercial real estate in 2017 plunged an estimated 55 percent from 2016, according to a report, but participants in the sector still expect Chinese capital to be a factor in the U.S. The 2017 China-U.S. Inbound Investment Capital Watch report from real estate company Cushman & Wakefield put the estimated decline at ...more

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