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Market Update Market Update The housing market continues to adjust to the first rate cut by the Federal Reserve in years, sliding mortgage rates, and an economy that keeps surprising to the upside. Putting all of these factors together, C.A.R. (the California Association of Realtors) released its forecast for 2025 and expects both home sales and home prices to […]
Market Update Market Update The fed funds rate was lowered last week by half a percentage point for the first time since 2020. With the rate cut fully anticipated by the market before the announcement, mortgage rates did not show any immediate downward movement after the latest FOMC meeting. The central bank’s latest move and its plan on future […]
Local News Neighbor Appeals Palo Alto Homeowner’s Tree Removal A Palo Alto resident applied for and was granted a tree removal permit for a 70-foot tall redwood that is causing ongoing damage to the home’s foundation. The tree slated for removal had previously seen several branches fall during winter storms and had even done damage to a neighbor’s home. Not wanting to risk further […]
Local News East Palo Alto Council Halts Mayor’s Plan to Clear Encampments East Palo Alto Mayor Antonio Lopez had been working with nearby cities on a plan to clear homeless encampments. The goal was to provide multiple notices in advance, share housing resources, and provide access to regional services for homeless individuals living in encampments. However, Lopez’s formal plan was tanked by his council colleagues who declared […]
Local News Mountain View Plans for Future Revenue Measure G will officially be on the ballot in Mountain View and will impose an increased transfer tax for properties sold over a $6 million threshold. City staff expect to raise close to $10 million annually and those funds will go to the city’s General Fund. General Fund revenue can be spent at the council’s […]
Local News Vacancy Tax Debated Further in Palo Alto Palo Alto has long been struggling with what to do with underutilized corridors downtown and along California Ave. At a recent committee meeting several council members discussed the idea of whether or not a vacancy tax to get storefronts filled faster had merits. Council members Lydia Kou and Julie Lythcott-Haims have considered it a strong […]
Market Update Market Update As the market awaits for the Fed’s announcement on their upcoming rate cut later this week, latest inflation reports continue to provide mixed signals on how much the fed funds rate will be reduced in the September meeting. The market currently projects a 63% chance of a 50-basis-points (bps) rate reduction, and a 37% chance […]
Market Update Market Update The market has been relatively quiet in the lead-up to the Federal Reserve’s meeting on interest rates next week. Although recent economic data remains relatively strong, markets remain optimistic that the key policy rate will be cut by the Federal Open Market Committee. This has already begun to have a positive impact on the market […]
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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 […]
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 […]

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