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Market Update Market Update While Americans are heading to the polls to vote for the next President, state and local representatives, and a range of crucial local issues, the economy remains strong. The Federal Reserve, meanwhile, is ready to cut rates for the second time this year during their upcoming November FOMC meeting. Mortgage rates, after last week’s surge, […]
Market Update Market Update With mortgage rates climbing to a 3-month high, housing demand in the past few weeks has gone down as the number of mortgage applications reached its recent low since July. Home sales, as such, will likely remain soft in October and November until rates start coming down again. Meanwhile, new home sales last month reached […]
Local News C.A.R.-Backed Group Contests Multimillion-Dollar Fees on New Residential Projects in Los Altos Early this month, Californians for Homeownership, a nonprofit organization sponsored by the California Association of REALTORS®, that aims to address California’s housing crisis through impact litigation, announced it has filed its first lawsuit challenging excessive residential development fees. The lawsuit, filed jointly with the California Housing Defense Fund, challenges new fees adopted by the City […]
Market Update Market Update California home sales dropped to the lowest level in nine months but will likely improve, albeit slowly, as the market enters the final quarter of 2024. In the latest sale & price report, the number of opened escrows once again exceeded last year’s levels for the third consecutive month and point to an increase in […]
Local News Candidates’ Polls Conflict A recent poll announced by the Evan Low for Congress campaign shows Sam Liccardo with a slight lead at 48% to 45% and showing 7% of voters still undecided. However, the poll has a margin of error of 4% meaning that the race is a statistical tie. The poll included likely voters and was made from a […]
Local News Palo Alto Candidates Set Dividing Lines At a recent candidate forum incumbents and challengers laid out their key differences on several issues Palo Alto is facing. Unsurprisingly, the candidates had familiar dividing lines between those who support property rights and those who want more city oversight of future development and housing policy. Incumbent Mayor Pat Burt made it clear he supports […]
Market Update Market Update Most of the major macro indicators still point to an economy that is still trending towards target inflation with increasing signs that we will achieve the elusive “soft landing” scenario. The housing market in California continues to enjoy rising inventory and easing competition for available homes and pending sales suggest that buyers have begun to […]
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 […]
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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 […]
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 […]

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