Market Update Market Update California bounced back solidly after a slow start for the year as mortgage rates declined throughout the month of February. While home sales remain soft by historical standards, the increase is a first step in the right direction. Concurrently, the Federal Reserve held interest rates steady but lowered economic growth forecasts, citing trade policy risks. […]
Local News Palo Alto Considers Revenue Options for Affordable Housing At last week’s city council meeting, Palo Alto council members discussed whether to pursue a revenue measure to help fund affordable housing projects in the city. Palo Alto is expected to add 6,000 units in the next eight years, with half of those being below market rate. However, funding for those below-market-rate units is significantly […]
Local News Townhomes Considered in Prime Los Gatos Location The site of a walnut orchard in Los Gatos, 14789 Oak Rd., is slated to be reviewed in the coming months for the development of up to 138 townhomes. Developer Urban Catalyst has submitted plans, which include 28 below-market-rate units, at the seven-acre site. The site is designated as a potential housing site in the […]
Market Update Market Update I have taken a brief pause this week from the usual weekly write-up summary report to provide you with a quick analysis on the impacts of the recent Southern California fires that occurred less than a month ago. The market has been very fluid since the fires began in the first week of January. Closed […]
Local News Santa Clara County Finally Sees Housing Element Approved The County of Santa Clara gained state approval for its housing element nearly two years after its initial mandatory deadline. The housing element, which was due January 31, 2023, requires all jurisdictions to plan for their mandated housing growth over the next eight years. It holds the County responsible for creating space for 3,100 more […]
Local News Santa Clara County Supervisors Fail to Ban Turf In an attempt to decrease water usage and expand opportunities for youth sports, many cities and public agencies began switching over to turf fields and playgrounds a number of years ago. Recently, activists have begun challenging whether or not turf fields actually are a safe alternative to grass fields. Anti-turf activists claim the chemical compounds […]
Market Update 2025 New California Laws The Governor has signed many new laws impacting real estate. This chart summarizes new laws passed by the California Legislature that affect real estate and real estate practice in 2025. For the full text of a law, click onto the bill link at the end of each summary or go to http://leginfo.legislature.ca.gov/ for California laws. 2025 […]
Local News Los Altos Continues Charter City Pursuit and Revenue Measures At the January 14 City Council meeting, Los Altos officials continued a discussion on whether or not to become a charter city. Currently, Los Altos is a general law city, which generally means all of its authority and procedures are determined by state law. However, by becoming a charter city Los Altans would have the […]
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Market Update Market Update California ended the year with a positive note with home sales reaching the highest level in five months. As projected, both sales activity and the statewide median price were up modestly for the year as a whole as California wrapped up 2024 with a double-digit gain in sales. With mortgage rates remaining at their highest […]
Local News 2025 Economic Summit! It’s a new year, and the Coldwell Banker® Economic Summit is here! This event is an eagerly awaited and invaluable virtual presentation where you’ll have the opportunity to gain insights from globally renowned Chief Economist Dr. Elliot Eisenberg. He’ll share his wealth of knowledge and expertise, offering a glimpse into what the upcoming year may […]
Local News Cupertino Debates What to Do with Expiring Affordable Restrictions Several properties in Cupertino will lose their affordable housing restrictions next year. One of these properties is the Aviare Apartments, which will lose its affordable deed restrictions in 2026 (others owned by the company will not expire until 2038). Several other nearby complexes have similar deadlines in the next year or two. In response to […]
Market Update Market Update Southern California had a rough start to the new year, with four major fires burning in L.A. County, forcing thousands to evacuate. The devastating blazes have incinerated more than 10,000 structures and will likely be one of the costliest in U.S. history. While the conditions have shown some slight improvements in the past couple days, […]
Market Update Market Update Mortgage rates kicked off the new year with their highest level since early July. With consumers remaining resilient and the economy expected to grow moderately in 2025, the Fed is proceeding more cautiously with further cuts in the next 12 months. The bond market reacted accordingly to the Fed’s latest outlook and prompted rates to […]
Local News Farmers Insurance says it will add more policies in California In a surprise announcement, California’s second-largest insurance provider, Farmers Insurance, says it is going to add more policies for property owners. Starting Saturday, Farmers will start taking applications for new policies, including for condominiums, renters, umbrella, landlord, vacant and manufactured home policies. Farmers Insurance stopped writing policies for California renters and condo owners last year, […]
Advice for Buyers Homeownership linked to longer lifespan, finds Oxford study A new study has revealed a few connections through which homeownership can impact longevity. The study, led by Dr. Casey Breen, Senior Postdoctoral Research Fellow at Oxford University’s Leverhulme Center for Demographic Science and Department of Sociology, examined the benefits of homeownership in the male population in the United States. It looked at 1920 and […]
Local News The Ultimate Guide To Winter To show our appreciation to clients and friends, we have created this awesome guide to help you celebrate the most wonderful time of the year! Filled with delicious and easy-to-make meals, family-friendly crafts and games, and some of our favorite wintertime activities, we’re sure you’ll find plenty to explore and enjoy. Browse our guide and […]
Uncategorized Toys For Tots Copy 🎁✨ Let’s spread some holiday cheer and make a difference together. 🎄❤️ Share the love! As your trusted real estate resource, I’m always here to help—feel free to reach out with any questions. Contact me today!
Market Update Market Update California housing market bounced back in October and had the fastest year-over-year growth pace in sales in 40 months. Last month’s statewide median price also increased from a year ago and recorded the largest gain in the past three months. The supply condition improved as well with new active listings exceeding the year-ago level for […]
Market Update Market Update Copy The economy continued to do well last month with consumer spending remaining resilient and businesses turning more positive. Overall price level, meanwhile, inched up in October, but the Inflation rate was in line with economists’ expectations. With consumer prices rising only modestly in October, the Federal Reserve should remain on track to lower its policy […]
Local News Menlo Park Council Punts on Housing Decision The Menlo Park City Council engaged in a lengthy discussion which included about an hour and a half of public comment regarding the fate of several downtown parking lots. Essentially, as part of the requirements to plan for future housing growth, one option for Menlo Park is to declare several parking lots in downtown as […]