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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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Advice for Buyers Make An Offer On A House – 5 Tips For Making A Successful Offer In the current real estate market, there’s a notable surge in homebuyer interest coupled with a scarcity of housing inventory. With numerous buyers vying for a limited number of available properties, it’s crucial to grasp the nuances of crafting a confident and competitive offer. Here are five essential strategies for success during this pivotal stage […]
Advice for Sellers 9 Tips And Strategies To Manage The Stress Of Selling A House The stress of selling a house is enough to make anyone feel overwhelmed. It’s common to struggle with big changes., and moving is nothing shot of a seismic life disruption. The emotional ties to a home can also cause feelings of anxiety and sadness when it’s time to say goodbye. To help, here are 9 […]
Advice for Sellers The Benefits of Staging The advantages of staging a home are extensive. Selling a home can prove complex and daunting, with a number of variables influencing the success of a sale. Among these, staging emerges as a pivotal factor, involving the meticulous preparation of a property to showcase its finest attributes and resonate with potential buyers. Fortunately, my adept […]
Advice for Sellers Your Pre-Market Checklist For Listing Your Home Preparing your home to list on the market might initially seem overwhelming, but fear not! To help you stay on track, I’ve assembled a comprehensive pre-market checklist with a step-by-step guide to readying your home. This checklist ensures you won’t overlook anything crucial, and remember, I am here to support you every step of the […]
Uncategorized Nontoxic Cleaners For Spring Cleaning Do you have any environmentally-friendly cleaners in your toolkit? In today’s fast-paced environment, convenience often takes precedence above all else, even in our choice of cleaning products. While these conventional products boast effectiveness, they are also laden with numerous chemicals and warnings. It’s true – nothing quite tackles bathroom grime like Lysol. We can’t argue […]
Market Update What to Expect in 2024 I anticipate our local real estate market will be in flux in 2024 for the following reasons: Interest Rate Reduction: I foresee interest rates adjusting downward this year, likely prompting increased buyer activity. With rates becoming more favorable, expect a surge in home sales across all price brackets. Buyers are adapting to the notion that […]
Market Update Looking Back at 2023 & Looking Ahead to 2024 Looking back there were four major economic events that defined the real estate market in 2023. FLUCTUATING INTEREST RATES: he trajectory of interest rates defined much of 2023’s real estate landscape. Beginning the year around the mid-6% range, mortgage rates fluctuated between 6% and 7.30% in the initial months. However, from mid-May to mid-October, there […]
Local News Polls Show Close Race for Congress As we quickly march closer to Election Day on March 5, the race to succeed U.S. Representative Anna Eshoo is becoming tighter. A recent poll by San Jose Spotlight showed former San Jose Mayor Sam Liccardo capturing the preferences of 16% of likely voters in the district. Supervisor Joe Simitian was preferred by 13.3%, Rish Kumar was […]
Local News Government Affairs Palo Alto Seeks to Raise Utility Rates In order to improve infrastructure and increase services Palo Alto is proposing to increase the average residential utility bill to $400 a month. Typically, residents pay around $370 currently but rising costs of water, 100-year-old infrastructure, and a number of other needs are putting upward pressure on rates. Last week the Palo Alto City Council’s […]
Market Update Market Update After a dip in rates spurred a boost to housing in January, the recent increase back above 7% demonstrates that the rebound will be bumpy as pending sales cooled. Still, all signs indicate that buyers have begun to adjust to more normal rates than we enjoyed during the pandemic as several key indicators of market […]
Market Update Market Update The housing market had a tough year in 2023 as tight supply and high costs of borrowing continued to have a negative impact on supply and demand. Easing inflationary pressure and a soft economic outlook, however, suggest that there will be some interest rate cuts on the horizon in 2024, which bode well for a […]
Quarterly Market Update Q3 2023 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

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