First-Time Buyers Score Nearly 1 Million Homes in 2018

  New buyers purchased 985,000 homes in the first six months of 2018, the highest such activity since 2005. First-time homebuyers accounted for 2.1 million home sales in 2017, higher than the historical annual average of 1.8 million. Given rising mortgage rates, first-time buyers who entered the market in June 2018 paid 67 percent more …

Most Homebuyers Want an All-Digital Mortgage Process

A poll of recent homebuyers found that excessive paperwork is the biggest pain point in applying for and closing on a loan. Sixty-six percent of homebuyers would prefer a mortgage process that was conducted entirely online. Homebuyers still need human contact throughout the mortgage process, with 65 percent saying that they want a person to …

Defining Our Future: Pacific Union Joins Compass

Pacific Union is pleased to share the news that our firm has joined Compass, a real estate technology company that operates in more than 30 regions throughout the U.S. REAL Trends currently ranks Pacific Union as the No. 5 residential real estate brokerage in America and the No. 1 independent brokerage in California based on …

All New Buildings Pledge Net-Zero Carbon by 2030

Under the C40 pledge, all new buildings will be powered by renewable sources like solar or wind by 2030. Manuela Durson / Shutterstock.com 19 mayors pledge to make all new buildings net-zero by 2030 The places we live and work are some of the greatest contributors to climate change. Buildings generate over half of the …

More Than Six in 10 Millennials Lack a Prime Homebuying Credit Score

  Sixty-one percent of millennials without mortgages have credit scores lower than 661. Millennials with mortgages have average credit scores of 716. While one survey puts the number of millennials who think homeownership is a good investment at more than 80 percent, another poll says that less than half of that generation express the same …