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Market Update Market Update Latest macroeconomic data released last week suggest that the economy remains solid, with the cooling trend in inflation continuing at the start of Q3 2024. Both consumers and business leaders feel upbeat in general and have a positive outlook about the near future. With the Fed expected to adjust rates downward in their next few […]
Market Update Your Path To Homeownership   As an experienced agent with in-depth market knowledge and a reputation as a tough negotiator, I have a proven track record of helping my buyers secure contracts on their homes within the first three offers, all while ensuring a great price. With the recent NAR settlement changes, the world of real estate is shifting, […]
Market Update Market Update California home sales bounced back solidly in July, as prices moderated, and housing supply continued to grow from last year. While the rebound is not a V-shaped recovery, the turn-around is encouraging nevertheless, and offers hope that the boost in sales could kickstart the second half of the year. With the Fed signaling a policy […]
Market Update Market Update California labor markets signaled full steam ahead in the latest jobs report released Friday with hiring posting its best showing in 6 months. However, the underlying details suggest that things may not be as rosy as the headline numbers suggest, which may help to provide cover for the Fed to lower rates later this year. […]
Market Update Market Update The Olympics is officially over, and the market’s attention is back on inflation. Two reports on inflation will be released this week and will hopefully provide more evidence that prices remain on a cooling trend. Another report on retail sales is also scheduled to come out before the end of the week and should offer […]
Local News Competing Los Altos Projects Clash Over Orchard While Palo Alto couldn’t agree on historic home preservation, Los Altos has spent time arguing over historic orchard preservation. Efforts to expand the library, build a dog park, and provide other civic center improvements have been hamstrung over what commitment the city has in order to preserve a historic apricot orchard on city property. This […]
Local News Conflicting Polls Released in California’s 16th Congressional District Contenders for the state’s 16th Congressional District reveal conflicting polls that claim they each are in the lead. Former San Jose Mayor Sam Liccardo, in his efforts to replace U.S. Representative Anna Eshoo, has commissioned and released a poll that seems to suggest voters strongly prefer to see him in Congress, while State Representative Evan Low’s […]
Market Update Market Update The summer remains hot, and the Olympics has taken over. The Federal Reserve, meanwhile, is ready to cut rates for the first time in more than four years in the upcoming September FOMC meeting (or sooner), especially since the last jobs report suggested that the labor market is cooling faster than expected, and the stock […]
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Quarterly Market Update Q2 2024 Market Update | Santa Clara & San Mateo Counties As news headlines raise questions, I am happy to provide you with real-time information and answer all of your real estate questions. Feel free to contact me today! • • • Selena Young | Realtor DRE# 02073411 Coldwell Banker Realty
Market Update Market Update Latest inflation data continued to provide hopes that the Fed could begin cutting rates in the near term. The financial market has been reacting positively to the good news and consequently led to mortgage rates dropping more than 30 basis points since early July. With rates trending down in recent weeks, the housing market is […]
Local News Home Insurance Experts Say Changes Coming for California California’s homeowners insurance crisis took front stage at last week’s Center for California Real Estate (CCRE) panel discussion. CCRE, an institute of C.A.R., featured Insurance Commissioner Ricardo Lara and experts from United Policyholders, the Personal Insurance Federation of California, and UC Berkeley. Key takeaways from the CCRE event: The state’s largest insurance regulatory reform in […]
Local News 10 Propositions Qualify for Statewide Ballot Through a mix of signature gathering and legislative action, 10 different propositions will be on the ballot this November. Most of them can be considered unrelated to real estate, but the continued efforts to raise revenue and enact strict rent control are back in new forms. Here is a rundown of what you will be […]
Local News Mountain View Moves Forward with Transfer Tax The Mountain View City Council voted to place a transfer tax increase on the November ballot. The new tax threshold will start at $6 million dollars and those properties below that threshold will continue to pay the $3.30 per $1,000 in value that they currently do. Properties that sell above the $6 million-dollar threshold will […]
Market Update Market Update Latest inflation data continued to provide hopes that the Fed could begin cutting rates in the near term. The financial market has been reacting positively to the good news and consequently led to mortgage rates dropping more than 30 basis points since early July. With rates trending down in recent weeks, the housing market is […]
Local News California AG looks to revive law allowing single-family lot splits California Attorney General Rob Bonta is fighting for Senate Bill 9, a state law that allows single-family lots to be split for the development of duplexes. The attorney general has appealed a decision from the California Superior Court, which struck down the legislation and ruled it unconstitutional, according to a notice of appeal filed last […]
Local News California home to 1 in 6 new jobs in May Employers in California created 43,700 jobs in May, or one out of every six new jobs nationwide, as the state’s unemployment rate dropped by 0.1 percent, Governor Gavin Newsom’s office said Friday. Since May 2020, California has gained 3,100,400 jobs, an average of 63,273 per month. The news comes after the state’s population increased for […]
Local News Industrial Site Proposed to Host 100 Units Palo Alto still has yet to receive approval for their Housing Element and continues to face the pressure of developers with residential projects. The latest is a potential 100-unit rental development on Fabian Way. Fortunately for city leadership, this area was slated as a future hub of residential growth and generally follows some of the […]
Local News Mountain View Faces Potential Lawsuit Since Mountain View took so long to get its Housing Element approved by the State Department of Housing and Community Development, the city was subject to the now widely known “builder’s remedy” rules. This essentially requires cities to approve projects without having any oversight or zoning enforcement. A project was submitted on Tyrella Ave. a […]
Market Update Market Update Mortgage rates rose further two weeks ago as the latest macroeconomic report shows that the U.S. economy continued to grow moderately with inflation remaining sticky and declining slower than expected. Despite being in an environment where rates stay higher for longer, there are signs that suggest that housing consumers are gradually adjusting to the new […]
Advice for Buyers How To Find A Real Estate Agent Recent events in the last few years have brought many changes to the way we live and work. With more time spent in the home, finding the right property for you and your family has become more critical than ever. Despite rapid changes, there is still much uncertainty in the real estate market. If you […]

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