Tag Archives: Chief Economist

Pending Home Sales Fall in June Due to ‘Fewer Listings’

Home buyers signed fewer contracts to buy existing homes in June, despite renewed optimism in the overall housing recovery. The pending home sales index from the National Association of Realtors fell 1.4 percent from May. It is up 9.5% from … Continue reading

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Home Price Bottom or Bubble?

Home prices rose, just barely, in the second quarter of this year annually for the first time since 2007, according to online real estate firm Zillow. That prompted the popular site to call a “bottom” to home prices nationally. The … Continue reading

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Bay Area housing values jump in second quarter

Bay Area home values increased at a sizzling pace in the second quarter, the online real estate site Zillow reported Tuesday, reinforcing hopes that at least some parts of the region are in the early stages of a housing market … Continue reading

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Number of homes on market down as prices pick up

After several months of house-hunting in and around Cupertino, Sury and Suhasini Balasubramanian became disheartened. “We were outbid quite a few times,” said Sury Balasubramanian. “They were all-cash deals with no contingencies, way over our budget.” They decided to get … Continue reading

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South Bay expected to recover lost jobs by 2014; recovery slower in East Bay

The current economic boom will be robust enough for the South Bay to recover the jobs it lost during the recession by 2014 — but the East Bay and the San Francisco metro regions might need until at least 2015, … Continue reading

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