Tight inventory conditions and worsening affordability again stifled pending sales in California last month, which may indicate a slower-than-usual fall for home sales. Read more at http://pacunion.us/2ivTMum
A limited supply of homes isn't just a challenge here in California and the Bay Area; it’s a nationwide issue, and it helped push the national median sales price to another new high in the second quarter. For details, go to http://pacunion.us/2g7AdYA
For the seventh straight month, a suburban Bay Area city has been named America's hottest real estate market. And closer to the region's urban core, Uber has announced that it may be scrapping all plans for its Uptown Oakland office. Get these and other stories of note in Pacific Union's latest Real Estate Roundup. It’s online at http://pacunion.us/2gedgTl
Last week, China formally enacted restrictions on capital outflows. Pacific Union Chief Economist Selma Hepp examines the potential impacts of these regulations on Chinese investment in U.S. and California real estate. https://blog.pacificunion.com/ china-formalizes-restrictions- on-capital-outflows
Alchemy Management Inc.
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