tag:blogger.com,1999:blog-64608827315965463862024-03-14T01:40:05.881-07:00PALO ALTO AND SURROUNDING AREA REAL ESTATE MARKET UPDATE PALO ALTO AND SURROUNDING AREA REAL ESTATE MARKET UPDATEAnonymoushttp://www.blogger.com/profile/12991338952129208739noreply@blogger.comBlogger867125tag:blogger.com,1999:blog-6460882731596546386.post-71744234349528150482019-01-05T08:19:00.000-08:002019-01-05T08:19:14.556-08:00Local Real Estate Market Report and Outlook for 2019<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhSrWjpBZP-xnG5oA54GtEl4mcxQo8Pn0hkHCvrgyn7YzpVbL6gHIQO1IJhUZkZeAGrxuQ1cxa8cXftV-ufcp-7FbkAfrgz6ZtDibFt9KviBYcojYKPkoUDMVXpVu6aZp9_OoaA7yhmvXv/s1600/apr.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="300" data-original-width="600" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhSrWjpBZP-xnG5oA54GtEl4mcxQo8Pn0hkHCvrgyn7YzpVbL6gHIQO1IJhUZkZeAGrxuQ1cxa8cXftV-ufcp-7FbkAfrgz6ZtDibFt9KviBYcojYKPkoUDMVXpVu6aZp9_OoaA7yhmvXv/s640/apr.jpg" width="640" /></a></div>
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<span style="font-family: "Times New Roman",serif; font-size: 12pt;">The
local housing market reached new record highs in 2018 although it cooled off in
the second half, likely due to the political climate, the jittery stock market
and the cancellation of the free trade agreement. The number of offers on
listings declined in the second half of the year but houses generally were
selling at or above the list price excluding the upper-end listings. The strong
economy coupled with still historically low interest rates motivated buyers to
buy before interest rates climb higher. However Chinese buyers were less active
in the local market in 2018 due to their government's tightening of money
outflow and the drop of the Chinese stock market. <o:p></o:p></span></div>
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<span style="font-family: "Times New Roman",serif; font-size: 12pt;">The
current hot real estate market cycle could be due for a pullback. It has been
10 years since the last market cycle ended in 2008. Average and median prices
have more than doubled, and affordability is nearing lows that typically appear
at the end of a cycle. Some economists predict that the next housing
recession will begin in 2020. They note that, if the Fed raises rates too
quickly, it could slow down the economy and thus lead to a recession. As
discussed further below I believe the local market will remain strong in 2019.<o:p></o:p></span></div>
<br />
<div style="mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<table align="left" cellpadding="0" cellspacing="0" hspace="0" vspace="0">
<tbody>
<tr>
<td align="left" style="background-color: transparent; border: rgb(0, 0, 0); padding: 0in 9pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 12pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-family: Calibri;"><em>Median home
prices increased 8.5% in Palo Alto to $3,200,000, 14% in Menlo Park to
$2,600,000, 40% in Atherton to $6,650,000, 12.6% in Los Altos to $3,400,000,
+25% in Los Altos Hills to 4,850,000, 17% in Mountain View to,3,320,000, 11%
in Portola Valley to $3,330,000, and 39% in Woodside to $3,262,500.</em><br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--><span lang="EN" style="color: #231f20; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN;"><span lang="EN" style="color: #231f20; font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN;">The charts below show 201</span><span lang="EN" style="font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN;">8<span style="color: #231f20;"> sales data for local area communities,
including median sales prices</span>,<span style="color: #231f20;"> sale to
list price ratios and prices per square foot. </span></span></span></span></div>
<div class="MsoNormal" style="margin: 0in 0in 12pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
</div>
<span style="font-family: Calibri;"><div class="MsoNormal" style="margin: 0in 0in 12pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
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<tbody>
<tr style="height: 25.5pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
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<b><span style="font-family: Calibri;">Year<o:p></o:p></span></b></div>
</td>
<td style="background-color: transparent; border-color: rgb(191, 191, 191) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: solid solid solid none; border-width: 1pt 1pt 1pt 0px; height: 25.5pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b><span style="font-family: Calibri;">Palo Alto<o:p></o:p></span></b></div>
</td>
<td style="background-color: transparent; border-color: rgb(191, 191, 191) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: solid solid solid none; border-width: 1pt 1pt 1pt 0px; height: 25.5pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b><span style="font-family: Calibri;">Menlo Park<o:p></o:p></span></b></div>
</td>
<td style="background-color: transparent; border-color: rgb(191, 191, 191) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: solid solid solid none; border-width: 1pt 1pt 1pt 0px; height: 25.5pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b><span style="font-family: Calibri;">Atherton<o:p></o:p></span></b></div>
</td>
<td style="background-color: transparent; border-color: rgb(191, 191, 191) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: solid solid solid none; border-width: 1pt 1pt 1pt 0px; height: 25.5pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b><span style="font-family: Calibri;">Los Altos<o:p></o:p></span></b></div>
</td>
<td style="background-color: transparent; border-color: rgb(191, 191, 191) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: solid solid solid none; border-width: 1pt 1pt 1pt 0px; height: 25.5pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b><span style="font-family: Calibri;">Los Altos Hills<o:p></o:p></span></b></div>
</td>
<td style="background-color: transparent; border-color: rgb(191, 191, 191) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: solid solid solid none; border-width: 1pt 1pt 1pt 0px; height: 25.5pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b><span style="font-family: Calibri;">Mountain View<o:p></o:p></span></b></div>
</td>
<td style="background-color: transparent; border-color: rgb(191, 191, 191) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: solid solid solid none; border-width: 1pt 1pt 1pt 0px; height: 25.5pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b><span style="font-family: Calibri;">Portola Valley<o:p></o:p></span></b></div>
</td>
<td style="background-color: transparent; border-color: rgb(191, 191, 191) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: solid solid solid none; border-width: 1pt 1pt 1pt 0px; height: 25.5pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b><span style="font-family: Calibri;">Woodside<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 26.6pt; mso-yfti-irow: 1;">
<td style="background: rgb(242, 242, 242); border-color: rgb(0, 0, 0) rgb(191, 191, 191) rgb(191, 191, 191); border-style: none solid solid; border-width: 0px 1pt 1pt; height: 26.6pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b><span style="font-family: Calibri;">2018<o:p></o:p></span></b></div>
</td>
<td style="background: rgb(242, 242, 242); border-color: rgb(0, 0, 0) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 26.6pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: Calibri;">$3,200,000<o:p></o:p></span></div>
</td>
<td style="background: rgb(242, 242, 242); border-color: rgb(0, 0, 0) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 26.6pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: Calibri;">$2,600,000<o:p></o:p></span></div>
</td>
<td style="background: rgb(242, 242, 242); border-color: rgb(0, 0, 0) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 26.6pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: Calibri;">$6,650,000<o:p></o:p></span></div>
</td>
<td style="background: rgb(242, 242, 242); border-color: rgb(0, 0, 0) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 26.6pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: Calibri;">$3,400,000<o:p></o:p></span></div>
</td>
<td style="background: rgb(242, 242, 242); border-color: rgb(0, 0, 0) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 26.6pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: Calibri;">$4,850,000<o:p></o:p></span></div>
</td>
<td style="background: rgb(242, 242, 242); border-color: rgb(0, 0, 0) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 26.6pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: Calibri;">$2,320,000<o:p></o:p></span></div>
</td>
<td style="background: rgb(242, 242, 242); border-color: rgb(0, 0, 0) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 26.6pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: Calibri;">$3,330,000<o:p></o:p></span></div>
</td>
<td style="background: rgb(242, 242, 242); border-color: rgb(0, 0, 0) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 26.6pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: Calibri;">$3,262,500<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 26.6pt; mso-yfti-irow: 2;">
<td style="background: rgb(242, 242, 242); border-color: rgb(0, 0, 0) rgb(191, 191, 191) rgb(191, 191, 191); border-style: none solid solid; border-width: 0px 1pt 1pt; height: 26.6pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b><span style="font-family: Calibri;">2017<o:p></o:p></span></b></div>
</td>
<td style="background: rgb(242, 242, 242); border-color: rgb(0, 0, 0) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 26.6pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: Calibri;">$2,950,000<o:p></o:p></span></div>
</td>
<td style="background: rgb(242, 242, 242); border-color: rgb(0, 0, 0) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 26.6pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: Calibri;">$2,280,000<o:p></o:p></span></div>
</td>
<td style="background: rgb(242, 242, 242); border-color: rgb(0, 0, 0) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 26.6pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: Calibri;">$4,750,000<o:p></o:p></span></div>
</td>
<td style="background: rgb(242, 242, 242); border-color: rgb(0, 0, 0) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 26.6pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: Calibri;">$3,019,000<o:p></o:p></span></div>
</td>
<td style="background: rgb(242, 242, 242); border-color: rgb(0, 0, 0) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 26.6pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: Calibri;">$3,881,000<o:p></o:p></span></div>
</td>
<td style="background: rgb(242, 242, 242); border-color: rgb(0, 0, 0) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 26.6pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: Calibri;">$1,980,000<o:p></o:p></span></div>
</td>
<td style="background: rgb(242, 242, 242); border-color: rgb(0, 0, 0) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 26.6pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: Calibri;">$3,000,000<o:p></o:p></span></div>
</td>
<td style="background: rgb(242, 242, 242); border-color: rgb(0, 0, 0) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 26.6pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: Calibri;">$2,350,000<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 25.5pt; mso-yfti-irow: 3; mso-yfti-lastrow: yes;">
<td style="background: rgb(242, 242, 242); border-color: rgb(0, 0, 0) rgb(191, 191, 191) rgb(191, 191, 191); border-style: none solid solid; border-width: 0px 1pt 1pt; height: 25.5pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<b><span style="font-family: Calibri;">% Of Change<o:p></o:p></span></b></div>
</td>
<td style="background: rgb(242, 242, 242); border-color: rgb(0, 0, 0) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 25.5pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: Calibri;">+8.5%<o:p></o:p></span></div>
</td>
<td style="background: rgb(242, 242, 242); border-color: rgb(0, 0, 0) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 25.5pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: Calibri;">+14%<o:p></o:p></span></div>
</td>
<td style="background: rgb(242, 242, 242); border-color: rgb(0, 0, 0) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 25.5pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: Calibri;">+40%<o:p></o:p></span></div>
</td>
<td style="background: rgb(242, 242, 242); border-color: rgb(0, 0, 0) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 25.5pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: Calibri;">+12.6%<o:p></o:p></span></div>
</td>
<td style="background: rgb(242, 242, 242); border-color: rgb(0, 0, 0) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 25.5pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: Calibri;">+25%<o:p></o:p></span></div>
</td>
<td style="background: rgb(242, 242, 242); border-color: rgb(0, 0, 0) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 25.5pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: Calibri;">+17%<o:p></o:p></span></div>
</td>
<td style="background: rgb(242, 242, 242); border-color: rgb(0, 0, 0) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 25.5pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: Calibri;">+11%<o:p></o:p></span></div>
</td>
<td style="background: rgb(242, 242, 242); border-color: rgb(0, 0, 0) rgb(191, 191, 191) rgb(191, 191, 191) rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 25.5pt; padding: 0in 5.4pt;" valign="top">
<div class="MsoNormal" style="margin: 0in 0in 0pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="font-family: Calibri;">+39%<o:p></o:p></span></div>
</td>
</tr>
</tbody></table>
</o:p><div class="MsoNormal" style="margin: 0in 0in 12pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="color: black;">
<span style="color: black;"></span></span><div class="MsoNormal" style="margin: 0in 0in 12pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="color: black;"><span style="color: black;"><span style="color: #444444; font-family: "Times New Roman",serif; font-size: 12pt; line-height: 150%;"><strong> </strong><span style="color: black;">
</span></span></span></span><div class="MsoNormal" style="background: white; line-height: 150%; margin: 0in 0in 0pt 0.5in; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="color: black;"><span style="color: black;"><b><span style="color: #444444; font-family: "Times New Roman",serif; font-size: 12pt; line-height: 150%;">Challenges
to Home Sales in 2019</span></b><span style="font-family: "Times New Roman",serif; font-size: 12pt; line-height: 150%;"><o:p></o:p></span></span></span></div>
<div class="MsoNormal" style="margin: 0in 0in 12pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="color: black;"><span style="color: black;"><span style="color: black;">
</span></span></span><ul style="margin-top: 0in;" type="disc"><span style="color: black;"><span style="color: black;"><span style="color: black;">
</span>
<li class="MsoListParagraph" style="background: white; color: #444444; margin: 0in 0in 0pt 0.75in; mso-list: l1 level1 lfo2;"><span style="color: windowtext; font-family: "Times New Roman",serif; font-size: 12pt;">S</span><span style="font-family: "Times New Roman",serif; font-size: 12pt;">upply will remain a thorn for
buyers</span><span style="color: windowtext; font-family: "Times New Roman",serif; font-size: 12pt;"> and </span><span style="font-family: "Times New Roman",serif; font-size: 12pt;">brokers</span><span style="color: windowtext; font-family: "Times New Roman",serif; font-size: 12pt;">.</span><span style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p></o:p></span></li>
<span style="color: black;">
</span>
<li class="MsoListParagraph" style="background: white; margin: 5pt 1in 5pt 0.75in; mso-list: l1 level1 lfo2;"><span style="font-family: "Times New Roman",serif; font-size: 12pt;"><span style="color: black;">Long-time
homeowners are expected to remain in their homes to avoid paying
significant capital gains taxes due upon sale and to maintain low existing<o:p></o:p></span></span></li>
<span style="color: black;">
</span>
<li class="MsoListParagraph" style="background: white; margin: 5pt 2in 5pt 0.75in; mso-list: l1 level1 lfo2;"><span style="font-family: "Times New Roman",serif; font-size: 12pt;"><span style="color: black;">property
taxes and low rates on current mortgages.<o:p></o:p></span></span></li>
<span style="color: black;">
</span>
<li class="MsoListParagraph" style="background: white; color: #444444; margin: 0in 0in 0pt 0.75in; mso-list: l1 level1 lfo2;"><span style="color: windowtext; font-family: "Times New Roman",serif; font-size: 12pt;">More single family units are
expected to become rentals.</span><span style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p></o:p></span></li>
<span style="color: black;">
</span>
<li class="MsoListParagraph" style="background: white; margin: 0in 0in 0pt 0.75in; mso-list: l1 level1 lfo2;"><span style="font-family: "Times New Roman",serif; font-size: 12pt;"><span style="color: black;">Affordability
has reached a new low of 17% in California.<o:p></o:p></span></span></li>
<span style="color: black;">
</span>
<li class="MsoListParagraph" style="background: white; margin: 0in 0in 9pt 0.75in; mso-list: l1 level1 lfo2; mso-margin-top-alt: auto;"><span style="color: black;"><span lang="EN" style="font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN;">Mortgage interest rates are expected to continue to move higher.
According to mortgage professionals 30 year interest rates will rise to 5
percent</span><span lang="EN" style="mso-ansi-language: EN;"><span style="font-family: Calibri;"> </span></span><span lang="EN" style="font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN;">but will still remain low by historical standards.</span><span style="font-family: "Times New Roman",serif; font-size: 12pt;"><o:p></o:p></span></span></li>
<span style="color: black;">
</span></span></span></ul>
<div class="MsoNormal" style="margin: 0in 0in 12pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<div class="MsoNormal" style="margin: 0in 0in 12pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="color: black;"><span style="color: black;"><span style="color: black;">
<span lang="EN" style="font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN;"><span style="color: black;"><strong> </strong>
</span></span></span></span></span><div class="MsoNormal" style="background: white; margin: 12pt 0in 0pt 0.5in; page-break-after: avoid;">
<span style="color: black;"><span style="color: black;"><span style="color: black;"><b><span lang="EN" style="font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN;">The Positives in 2019 <o:p></o:p></span></b></span></span></span></div>
<div class="MsoNormal" style="margin: 0in 0in 12pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="color: black;"><span style="color: black;"><span style="color: black;">
</span></span></span><ul style="margin-top: 0in;" type="disc"><span style="color: black;"><span style="color: black;"><span style="color: black;">
<li class="MsoNormal" style="background: white; margin: 12pt 0in 0pt 0.75in; mso-list: l0 level1 lfo1; page-break-after: avoid;"><span lang="EN" style="font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN; mso-fareast-font-family: "Times New Roman";">The local economy is strong and
job growth will continue. The Silicon Valley economy grew 4.7% in 2018,
much higher than the nation’s 2.8% growth.</span><span style="font-family: "Times New Roman",serif; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></li>
<li class="MsoNormal" style="background: white; margin: 12pt 0in 0pt 0.75in; mso-list: l0 level1 lfo1; page-break-after: avoid;"><span style="font-family: "Times New Roman",serif; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">The
stock market has experienced some correction without going into a
freefall.<o:p></o:p></span></li>
<li class="MsoNormal" style="background: white; margin: 12pt 0in 0pt 0.75in; mso-list: l0 level1 lfo1; page-break-after: avoid;"><span style="font-family: "Times New Roman",serif; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Unemployment
rate is 2.4% in Silicon Valley.<o:p></o:p></span></li>
<li class="MsoNormal" style="background: white; margin: 12pt 0in 0pt 0.75in; mso-list: l0 level1 lfo1; page-break-after: avoid;"><span style="font-family: "Times New Roman",serif; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Wages
are expected to increase.<o:p></o:p></span></li>
<li class="MsoNormal" style="background: white; margin: 12pt 0in 0pt 0.75in; mso-list: l0 level1 lfo1; page-break-after: avoid;"><span lang="EN" style="font-family: "Times New Roman",serif; font-size: 12pt; mso-ansi-language: EN; mso-fareast-font-family: "Times New Roman";">More millennials will be leaving
the nest and looking to buy homes. </span><span style="font-family: "Times New Roman",serif; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span></li>
<li class="MsoNormal" style="background: white; margin: 12pt 0in 0pt 0.75in; mso-list: l0 level1 lfo1; page-break-after: avoid;"><span style="font-family: "Times New Roman",serif; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">The
net cash gain to sellers is the highest since 2006<o:p></o:p></span></li>
</span></span></span></ul>
<div class="MsoNormal" style="margin: 0in 0in 12pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="color: black;"><span style="color: black;"><span style="color: black;">
<span style="color: black;"><span style="color: black;"><span><span style="font-family: Times New Roman;"><span style="color: windowtext; font-family: "Times New Roman",serif; font-size: 12pt;"><span style="font-family: Times New Roman;"><span style="color: windowtext; font-family: "Times New Roman",serif; font-size: 12pt;"><span style="font-family: Times New Roman;"><span style="color: windowtext; font-family: "Times New Roman",serif; font-size: 12pt;"><span style="font-family: Times New Roman;"><span style="color: windowtext; font-family: "Times New Roman",serif; font-size: 12pt;"><span style="font-family: Times New Roman;"><span style="color: windowtext; font-family: "Times New Roman",serif; font-size: 12pt;"><span style="font-family: Times New Roman;"><span style="color: windowtext; font-family: "Times New Roman",serif; font-size: 12pt;"><span style="color: windowtext; font-family: "Times New Roman",serif; font-size: 12pt;"><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;"><strong><span>2019<span style="color: #444444;"> </span>Re<span style="color: #444444;">al </span>E<span style="color: #444444;">state </span> <span style="color: #444444;">Industry </span>O<span style="color: #444444;">utlook </span></span><span style="color: #2f5496; font-family: "Times New Roman",serif; font-size: 12pt;"><o:p></o:p></span></strong></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><div class="MsoNormal" style="margin: 0in 0in 12pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<div class="MsoNormal" style="margin: 0in 0in 12pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="color: black;"><span style="color: black;"><span style="color: black;"><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;"><span style="color: #444444; font-family: "Times New Roman",serif; font-size: 12pt;">I am optimistic about the economy and the housing market as the
new year begins.</span><span style="font-family: "Times New Roman",serif; font-size: 12pt;">
High demand and robust economic conditions are reasons to be hopeful and rising
interest rates alone may not slow down the market. Unless there are major
changes in the fundamentals of the economy or significant political upheaval,
prices will continue to rise. I expect our local market to increase 7-8% in
value</span></span></span></span></span></span></div>
<div class="MsoNormal" style="margin: 0in 0in 12pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="color: black;"><span style="color: black;"><span style="color: black;"><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;"><span style="font-family: "Times New Roman",serif; font-size: 12pt;"><span style="font-family: Times New Roman;"><span style="font-family: "Times New Roman",serif; font-size: 12pt;"><span style="font-family: Times New Roman;"><span style="font-family: "Times New Roman",serif; font-size: 12pt;">Here's the bottom line:<o:p></o:p></span></span></span></span></span></span></span></span></span></span></div>
<div class="MsoNormal" style="margin: 0in 0in 12pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="color: black;"><span style="color: black;"><span style="color: black;"><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;">
<span style="font-family: "Times New Roman",serif; font-size: 12pt;">For buyers, interest rates will rise in 2019 but will
remain at near historic lows and 2019 will be a better year to buy a home.<o:p></o:p></span></span></span></span></span></span></div>
<div class="MsoNormal" style="margin: 0in 0in 12pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="color: black;"><span style="color: black;"><span style="color: black;"><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;">
<span style="font-family: "Times New Roman",serif; font-size: 12pt;">Home sellers need to be cognizant that buyers are more
price sensitive now. You can still sell your home for a strong price if
you price it competitively.<o:p></o:p></span></span></span></span></span></span></div>
<div class="MsoNormal" style="margin: 0in 0in 12pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="color: black;"><span style="color: black;"><span style="color: black;"><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;">
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looking to buy or sell their home. I will be happy to answer any questions or
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<div class="MsoNormal" style="margin: 0in 0in 12pt; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
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Anonymoushttp://www.blogger.com/profile/12991338952129208739noreply@blogger.com0tag:blogger.com,1999:blog-6460882731596546386.post-3299243391014493122018-09-03T07:44:00.001-07:002018-09-03T07:44:20.069-07:00Nprtgage Musts<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgyCIfxWa-QtL9RiuECCpiaqC9ajdKcPJr9t3unraXrbtMGSWxnTMA6DyXT9ZX3sRv4VfhavZhxNmDpigrtIPhreZnaCoSCGW-GOO4rmBT0xwnCBRwM1n7FboSlD4RdVciDi2RKmJB91Fav/s1600/Mortgage-Musts-hi-res.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1600" data-original-width="1152" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgyCIfxWa-QtL9RiuECCpiaqC9ajdKcPJr9t3unraXrbtMGSWxnTMA6DyXT9ZX3sRv4VfhavZhxNmDpigrtIPhreZnaCoSCGW-GOO4rmBT0xwnCBRwM1n7FboSlD4RdVciDi2RKmJB91Fav/s640/Mortgage-Musts-hi-res.jpg" width="460" /></a></div>
<br />Anonymoushttp://www.blogger.com/profile/12991338952129208739noreply@blogger.com0tag:blogger.com,1999:blog-6460882731596546386.post-34464492748547852702018-05-11T06:06:00.001-07:002018-05-11T06:06:32.515-07:00Interest Rate Impact<img height="640" src="https://www.car.org/-/media/CAR/Images/Your-CAR/jpg/Interest-Rate-Impact-hi-res.jpg?h=3030&w=2184&hash=82A10F854D6A5C41F4FE94742CADAF0467843FC7" width="459" /><b></b><i></i><u></u><sub></sub><sup></sup><strike></strike>Anonymoushttp://www.blogger.com/profile/12991338952129208739noreply@blogger.com0tag:blogger.com,1999:blog-6460882731596546386.post-69199666161701005702018-05-02T07:17:00.001-07:002018-05-02T07:17:23.270-07:00Millennial Money Habits<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhKAHGyWPS0Qzq4_XBGsmCMsrjVODzFcLbOhkCTIQGMO-Nwp44qeMp2_R5W9a-aT0PxxVJ5GTYspKicn5mr138Dlr8OnbYLJBYFSWeV1rpgGTbWtoJM4-a95ddJF89Pf59iGKON_sEcio0O/s1600/Millennial-Money-Habits-hi-res.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1600" data-original-width="1153" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhKAHGyWPS0Qzq4_XBGsmCMsrjVODzFcLbOhkCTIQGMO-Nwp44qeMp2_R5W9a-aT0PxxVJ5GTYspKicn5mr138Dlr8OnbYLJBYFSWeV1rpgGTbWtoJM4-a95ddJF89Pf59iGKON_sEcio0O/s640/Millennial-Money-Habits-hi-res.jpg" width="460" /></a></div>
<br />Anonymoushttp://www.blogger.com/profile/12991338952129208739noreply@blogger.com0tag:blogger.com,1999:blog-6460882731596546386.post-74292472637937777992018-04-22T07:30:00.001-07:002018-04-24T08:12:46.039-07:00Rare custom-built estate in Palo Alto<span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">.<o:p></o:p></span><br />
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<b style="mso-bidi-font-weight: normal;"><span style="font-size: 18pt; line-height: 107%;"><span style="font-family: "calibri";">1535 Edgewood Drive, Palo Alto</span></span></b><br />
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<span style="font-size: 18pt; line-height: 107%;"><span style="font-family: "calibri";"><o:p><img border="0" data-original-height="931" data-original-width="1500" height="396" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5OkmApUsuuXwf7pw1L9ypeLn4ugoek6PaJWFkVXxTgOsNNwYNpIMQUG41FAie1VOGvpsQX1fZ_RXWLxZmetDnNJhcYlaGchLgKhHYI6P8_H65xa1DM0-rh5CNY10BY2JGG42boMLi01RF/s640/1535%252BEdgewood%252BDr%252BPalo%252BAlto%252BBlu%252BSkye%252BMedia-0218-Edit-X3.jpg" width="640" /></o:p></span></span></div>
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Virtual Tour: <a href="http://www.1535edgewooddr.com/" style="-webkit-text-stroke-width: 0px; background-color: transparent; color: #33aaff; font-family: &quot; font-size: 13.2px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: underline; text-indent: -24px; text-transform: none; white-space: normal; word-spacing: 0px;" target="_blank">1535 Edgewood Drive</a><br />
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<span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><o:p><span style="font-family: "calibri";"> </span></o:p><span style="font-family: "calibri";"><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="font-family: "calibri";">Rare custom-built estate located on one of the most prestigious streets in Palo Alto. This magnificent property was inspired by the Robert A. M. Stern architectural vernacular and evokes elegance and modern comfort. Its sophisticated design and open floor plan embrace indoor/outdoor living. <o:p></o:p></span></span></span></span></div>
<span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="font-family: "calibri";">Built in 2002 and recently decorated by Martha Angus, this </span><a href="https://www.blogger.com/null" name="_Hlk511540027"><span style="font-family: "calibri";">8,212 </span></a><span style="font-family: "calibri";">square foot home consists of three floors featuring fine architectural details and carefully chosen luxury materials. A central grand foyer with soaring ceilings leads to multiple living areas. There are 5 bedrooms and 5.5 baths, 3 offices, a fitness center and a tremendous recreation room with kitchen area, parquet dance floor and game area.<o:p></o:p></span></span><br />
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<span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="font-family: "calibri";">The grand style of the house, together with the beautiful grounds, numerous terraces, and inviting resort-style pool, create a serene, architecturally stunning property. This very special offering is convenient to downtown Palo Alto and Stanford University with easy access to all of Silicon Valley.<o:p></o:p></span></span></div>
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<span style="font-family: "calibri";"><b><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">Details of This Residence:</span></b><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><o:p></o:p></span></span></div>
<b style="mso-bidi-font-weight: normal;"><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">Main Level<o:p></o:p></span></b><br />
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<span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><span style="font-family: "calibri";">Connecticut blue stone walkway and elevated covered porch with extensive millwork supported by Doric columns. <o:p></o:p></span></span><br />
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<span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p><span style="font-family: "calibri";"> </span></o:p><span style="font-family: "calibri";"><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><span style="font-family: "calibri";">Oversized front door with leaded glass panes and central grand foyer with hardwood floors, high ceilings, wainscoting and crown moldings. <o:p></o:p></span></span></span></span></div>
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<span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p><span style="font-family: "calibri";"> </span></o:p><span style="font-family: "calibri";"><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><span style="font-family: "calibri";">Large formal living room with wood burning fireplace, exquisite stone mantel, wainscot paneling, crown moldings and large windows that overlook the front yard.<o:p></o:p></span></span></span></span></div>
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<div class="MsoListParagraphCxSpFirst" style="line-height: 105%; margin: 0in 0in 0pt 0.25in; mso-add-space: auto; mso-list: l1 level1 lfo2; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><span style="font-family: "calibri";">Sun-filled formal dining room with built-ins and oversized windows.<o:p></o:p></span></span></div>
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<div class="MsoListParagraphCxSpMiddle" style="line-height: 105%; margin: 0in 0in 0pt 0.25in; mso-add-space: auto; mso-list: l1 level1 lfo2; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><span style="font-family: "calibri";">Main level designer’s powder room.<o:p></o:p></span></span></div>
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<div class="MsoListParagraphCxSpMiddle" style="line-height: 105%; margin: 0in 0in 0pt 0.25in; mso-add-space: auto; mso-list: l1 level1 lfo2; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><span style="font-family: "calibri";">A tremendous great room of grand proportions with soaring ceilings opening to the kitchen, natural gas fireplace surrounded by built-ins, entertainment center, large dining area, a private executive office space, intricate beams and a double-paned Nana wall of French doors that completely opens to a light-filled terrace and the back lawn. <o:p></o:p></span></span></div>
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<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0in 0in 0pt 0.25in; mso-add-space: auto; mso-list: l1 level1 lfo2; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><span style="font-family: "calibri";">Chef’s kitchen with an oversized central island with separate prep sink and rare Lumerian blue granite counters, breakfast bar, top of the line appliances, desk area, and hardwood floors.<o:p></o:p></span></span></div>
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<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><span style="font-family: "calibri";">Main level wet bar center with icemaker and glass display cabinet.<o:p></o:p></span></span></div>
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<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><span style="font-family: "calibri";">Full bath with large stall shower, limestone floor and counter that services the pool.<o:p></o:p></span></span></div>
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<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><span style="font-family: "calibri";">Mud room with bench, built-in cabinetry, stacked washer and dryer.<o:p></o:p></span></span></div>
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<b style="mso-bidi-font-weight: normal;"><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><span style="font-family: "calibri";">Upper Level<o:p></o:p></span></span></b></div>
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<div class="MsoListParagraph" style="line-height: normal; margin: 0in 0in 0pt 0.25in; mso-add-space: auto; mso-list: l0 level1 lfo3; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><span style="font-family: "calibri";">Grand stairs with intricate millwork, wainscots and huge window take you to the private upper level with a central galleria. On either side of the main corridor are the luxurious master bedroom compound and 3 additional generous bedrooms.<o:p></o:p></span></span></div>
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<div class="MsoNormalCxSpMiddle" style="line-height: 105%; margin: 0in 0in 0pt 0.25in; mso-add-space: auto; mso-list: l2 level1 lfo1; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">Luxurious master suite overlooking the backyard with two offices, his and hers large walk-in closets, and spa-like master bath with steam shower, oversized tub with jets, dual sink vanity, marble top and heated limestone floors and two executive offices finished in the finest materials.<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">Three family bedrooms with vaulted ceilings and large closets: one bedroom <i style="mso-bidi-font-style: normal;">en suite</i> bathroom and the other two bedrooms sharing a large Jack and Jill bathroom with double sinks, marble counter, tub and stall shower.<o:p></o:p></span></div>
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<div class="MsoNormalCxSpMiddle" style="line-height: 105%; margin: 0in 0in 0pt 0.25in; mso-add-space: auto; mso-list: l2 level1 lfo1; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">Upper floor laundry room with built-in cabinets and sink.<o:p></o:p></span></div>
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<div class="MsoNormalCxSpMiddle" style="line-height: 105%; margin: 1em 0px 0pt; mso-add-space: auto;">
<b style="mso-bidi-font-weight: normal;"><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">Lower Level<o:p></o:p></span></b></div>
<b style="mso-bidi-font-weight: normal;"><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p></o:p></span></b><br />
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<div class="MsoNormalCxSpMiddle" style="line-height: 105%; margin: 0in 0in 0pt 0.25in; mso-add-space: auto; mso-list: l2 level1 lfo1; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">Luxurious guest suite with full bath, limestone stall shower and counter, sink and walk-in closet.<o:p></o:p></span></div>
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<div class="MsoNormalCxSpMiddle" style="line-height: 105%; margin: 0in 0in 0pt 0.25in; mso-add-space: auto; mso-list: l2 level1 lfo1; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">Expansive media room with three Murphy beds.<o:p></o:p></span></div>
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<div class="MsoNormalCxSpMiddle" style="line-height: 105%; margin: 0in 0in 0pt 0.25in; mso-add-space: auto; mso-list: l2 level1 lfo1; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">Recreation room with parquet dance floor and game room.<o:p></o:p></span></div>
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<div class="MsoNormalCxSpMiddle" style="line-height: 105%; margin: 0in 0in 0pt 0.25in; mso-add-space: auto; mso-list: l2 level1 lfo1; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">Kitchen sink with limestone counters and refrigerator. <o:p></o:p></span></div>
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<div class="MsoNormalCxSpLast" style="line-height: 105%; margin: 0in 0in 0pt 0.25in; mso-add-space: auto; mso-list: l2 level1 lfo1; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">CrossFit-style professional fitness center equipped with media including a television and a Sonos sound system.<o:p></o:p></span></div>
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<div class="MsoListParagraph" style="margin: 0in 0in 8pt 0.25in; mso-add-space: auto; mso-list: l2 level1 lfo1; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><span style="font-family: "calibri";">Two storage rooms and IT closet.<o:p></o:p></span></span></div>
<span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">Mechanical room.<o:p></o:p></span><br />
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<b style="mso-bidi-font-weight: normal;"><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><span style="font-family: "calibri";">Backyard<o:p></o:p></span></span></b></div>
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<span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><o:p><span style="font-family: "calibri";"> </span></o:p><span style="font-family: "calibri";"><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;"><span style="font-family: "calibri";">Park-like backyard with a variety of venues that offer a magical setting for entertaining and family gathering: numerous blue-stone terraces, arbor, heated dining and entertaining area, built-in barbecue with granite counters, lush sweeping lawn, mature trees, rose garden, fruit trees, Barbara Butler play structure, heated pool and spa - all adding to the feel of an exclusive resort. <o:p></o:p></span></span></span></span></div>
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<b><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><o:p><span style="font-family: "calibri";"> </span></o:p><span style="font-family: "calibri";"><b><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="font-family: "calibri";">At A Glance:<o:p></o:p></span></span></b></span></span></b></div>
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<div class="MsoNormalCxSpMiddle" style="line-height: 105%; margin: 0in 0in 0pt 0.5in; mso-add-space: auto; mso-list: l2 level1 lfo1; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">5 bedrooms, 5.5 baths plus 3 offices.<o:p></o:p></span></div>
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<div class="MsoNormalCxSpMiddle" style="line-height: 105%; margin: 0in 0in 0pt 0.5in; mso-add-space: auto; mso-list: l2 level1 lfo1; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">Approximately 8,212 <a href="https://www.blogger.com/null" name="_Hlk511560832">square feet</a>:<span style="mso-spacerun: yes;"> </span>Home 7,743 square feet, garage 469 square feet. One of the largest properties in Palo Alto. (per architectural plans).<o:p></o:p></span></div>
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<div class="MsoNormalCxSpMiddle" style="line-height: 105%; margin: 0in 0in 0pt 0.5in; mso-add-space: auto; mso-list: l2 level1 lfo1; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">Lot size approximately 19,593 square feet.<o:p></o:p></span></div>
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<div class="MsoNormalCxSpMiddle" style="line-height: 105%; margin: 0in 0in 0pt 0.5in; mso-add-space: auto; mso-list: l2 level1 lfo1; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">Open concept floor plan with fine architectural details and millwork throughout the house.<o:p></o:p></span></div>
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<div class="MsoNormalCxSpMiddle" style="line-height: 105%; margin: 0in 0in 0pt 0.5in; mso-add-space: auto; mso-list: l2 level1 lfo1; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">Guest quarters, recreation room, fitness center, game room, dance floor.<o:p></o:p></span></div>
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<div class="MsoNormalCxSpMiddle" style="line-height: 105%; margin: 0in 0in 0pt 0.5in; mso-add-space: auto; mso-list: l2 level1 lfo1; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">Private yard with swimming pool, hot tub, numerous blue stone terraces and heated patio, built-in barbecue.<o:p></o:p></span></div>
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<div class="MsoNormalCxSpMiddle" style="line-height: 105%; margin: 0in 0in 0pt 0.5in; mso-add-space: auto; mso-list: l2 level1 lfo1; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">Iconic designer lighting with unique selection in every room.<o:p></o:p></span></div>
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<div class="MsoNormalCxSpMiddle" style="line-height: 105%; margin: 0in 0in 0pt 0.5in; mso-add-space: auto; mso-list: l2 level1 lfo1; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">Hardwood floors throughout the first floor.<o:p></o:p></span></div>
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<div class="MsoNormalCxSpMiddle" style="line-height: 105%; margin: 0in 0in 0pt 0.5in; mso-add-space: auto; mso-list: l2 level1 lfo1; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">Uniquely appointed bathrooms.<o:p></o:p></span></div>
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<div class="MsoNormalCxSpMiddle" style="line-height: 105%; margin: 0in 0in 0pt 0.5in; mso-add-space: auto; mso-list: l2 level1 lfo1; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">Multi-zone heating and air conditioning.<o:p></o:p></span></div>
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<div class="MsoNormalCxSpMiddle" style="line-height: 105%; margin: 0in 0in 0pt 0.5in; mso-add-space: auto; mso-list: l2 level1 lfo1; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">Fully finished 2 car attached garage.<o:p></o:p></span></div>
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<div class="MsoNormalCxSpMiddle" style="line-height: 105%; margin: 0in 0in 0pt 0.5in; mso-add-space: auto; mso-list: l2 level1 lfo1; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">Outstanding Palo Alto schools: Duveneck Elementary, Jordan Middle and Palo Alto High (buyer to confirm) <o:p></o:p></span></div>
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<div class="MsoNormalCxSpMiddle" style="line-height: 105%; margin: 0in 0in 0pt 0.5in; mso-add-space: auto; mso-list: l2 level1 lfo1; text-indent: -0.25in;">
<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Calibri;">In close proximity to Palo Alto and Stanford University with easy access to Silicon Valley</span><br />
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<a href="http://www.1535edgewooddr.com/" target="_blank">1535 Edgewood Drive</a></div>
Anonymoushttp://www.blogger.com/profile/12991338952129208739noreply@blogger.com0tag:blogger.com,1999:blog-6460882731596546386.post-181642448986638892018-01-28T08:02:00.003-08:002018-01-28T08:13:34.742-08:00Local Real Estate Market Report and Outlook for 2018<table align="left" cellpadding="0" cellspacing="0" hspace="0" style="-webkit-text-stroke-width: 0px; background-color: white; border-collapse: collapse !important; border-color: currentColor !important; border-image: initial; border-width: medium medium 0px !important; color: #222222; font-family: "Work Sans", Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 0px; margin-top: 0px; orphans: 2; padding: 0px !important; text-align: left; text-decoration-color: initial; text-decoration-style: initial; text-indent: 0px; text-size-adjust: none; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;" vspace="0"><tbody style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">
<tr style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><td align="left" style="border-collapse: collapse; border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
The local real estate market recovered from the modest dip in 2016 to unexpectedly climb and<br />
set new records in many area s in our communities in 2017. Median home prices increased <br />
15.7% in Palo Alto, 14.9% in Mountain View, 11.4% in Los Altos, 11% in Portola Valley and <br />
7% in Menlo Park. In contrast median home prices decreased 21% in Atherton and 16.5% in <br />
Woodside.</div>
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The Silicon Valley economy grew 7.8 percent last year, much higher than the nation's 2.6 <br />
percent growth. The steady job market, low mortgage rates and foreign investment helped <br />
to propel demand for real estate and push up property prices. International buyers share <br />
increased in 2017 including the share of Chinese buyers that had stepped back in 2016 <br />
because of their government's tightening of money outflow.</div>
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Property price increases were also driven by area housing shortages and limited available <br />
inventory. Supply outpaced demand by far and buyers who are determined to purchase a <br />
home in the area need to be ready, willing and able to move quickly. Some prospective <br />
buyers, especially younger buyers and those entering the market for the first time, are <br />
struggling to buy a home as affordability reaches a new low of 17% in California.</div>
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The charts below show 2017 sales data for local area communities, including median sales <br />
prices, sale to list price ratios and prices per square foot. </div>
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse !important; border-color: currentColor !important; border-image: initial; border-width: medium medium 0px !important; margin-bottom: 0px; margin-top: 0px; padding: 0px !important; text-size-adjust: none; width: 966px;"><tbody style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">
<tr style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><td style="border-collapse: collapse; border: currentColor; height: 35px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
<strong style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">Year</strong></div>
</td><td style="border-collapse: collapse; border: currentColor; height: 35px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
<strong style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">Palo Alto</strong></div>
</td><td style="border-collapse: collapse; border: currentColor; height: 35px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
<strong style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">Menlo Park</strong></div>
</td><td style="border-collapse: collapse; border: currentColor; height: 35px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
<strong style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">Atherton</strong></div>
</td><td style="border-collapse: collapse; border: currentColor; height: 35px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
<strong style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">Los Altos</strong></div>
</td><td style="border-collapse: collapse; border: currentColor; height: 35px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
<strong style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">Los Altos Hills</strong></div>
</td><td style="border-collapse: collapse; border: currentColor; height: 35px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
<strong style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">Mountain View</strong></div>
</td><td style="border-collapse: collapse; border: currentColor; height: 35px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
<strong style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">Portola Valley</strong></div>
</td><td style="border-collapse: collapse; border: currentColor; height: 35px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
<strong style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">Woodside</strong></div>
</td></tr>
<tr style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><td style="border-collapse: collapse; border: currentColor; height: 36px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
<strong style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">2017</strong></div>
</td><td style="border-collapse: collapse; border: currentColor; height: 36px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
$2,950,000</div>
</td><td style="border-collapse: collapse; border: currentColor; height: 36px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
$2,280,000</div>
</td><td style="border-collapse: collapse; border: currentColor; height: 36px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
$4,750,000</div>
</td><td style="border-collapse: collapse; border: currentColor; height: 36px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
$3,019,000</div>
</td><td style="border-collapse: collapse; border: currentColor; height: 36px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
$3,881,000</div>
</td><td style="border-collapse: collapse; border: currentColor; height: 36px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
$1,980,000</div>
</td><td style="border-collapse: collapse; border: currentColor; height: 36px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
$3,000,000</div>
</td><td style="border-collapse: collapse; border: currentColor; height: 36px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
$2,350,000</div>
</td></tr>
<tr style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><td style="border-collapse: collapse; border: currentColor; height: 35px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
<strong style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">2016</strong></div>
</td><td style="border-collapse: collapse; border: currentColor; height: 35px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
$2,550,000</div>
</td><td style="border-collapse: collapse; border: currentColor; height: 35px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
$2,127,000</div>
</td><td style="border-collapse: collapse; border: currentColor; height: 35px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
$6,002,500</div>
</td><td style="border-collapse: collapse; border: currentColor; height: 35px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
$2,710,000</div>
</td><td style="border-collapse: collapse; border: currentColor; height: 35px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
$3,865,000</div>
</td><td style="border-collapse: collapse; border: currentColor; height: 35px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
$1,723,000</div>
</td><td style="border-collapse: collapse; border: currentColor; height: 35px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
$2,700,000</div>
</td><td style="border-collapse: collapse; border: currentColor; height: 35px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
$2,815,000</div>
</td></tr>
<tr style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><td style="border-collapse: collapse; border: currentColor; height: 35px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
<strong style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">% Of Change</strong></div>
</td><td style="border-collapse: collapse; border: currentColor; height: 35px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
+15.7%</div>
</td><td style="border-collapse: collapse; border: currentColor; height: 35px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
+7%</div>
</td><td style="border-collapse: collapse; border: currentColor; height: 35px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
-21%</div>
</td><td style="border-collapse: collapse; border: currentColor; height: 35px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
+11.4%</div>
</td><td style="border-collapse: collapse; border: currentColor; height: 35px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
+0.46</div>
</td><td style="border-collapse: collapse; border: currentColor; height: 35px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
+14.9%</div>
</td><td style="border-collapse: collapse; border: currentColor; height: 35px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
+11%</div>
</td><td style="border-collapse: collapse; border: currentColor; height: 35px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
-16.5%</div>
</td></tr>
</tbody></table>
</td></tr>
</tbody></table>
<div style="-webkit-text-stroke-width: 0px; background-color: white; border: currentColor; clear: both; color: #222222; font-family: "Work Sans", Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 0px; margin-top: 0px; orphans: 2; padding: 0px; text-align: left; text-decoration-color: initial; text-decoration-style: initial; text-indent: 0px; text-size-adjust: none; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">
</div>
<div style="-webkit-text-stroke-width: 0px; background-color: white; border: currentColor; clear: both; color: #222222; font-family: "Work Sans", Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 0px; margin-top: 0px; orphans: 2; padding: 0px; text-align: left; text-decoration-color: initial; text-decoration-style: initial; text-indent: 0px; text-size-adjust: none; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">
</div>
<div style="-webkit-text-stroke-width: 0px; background-color: white; border: currentColor; clear: both; color: #222222; font-family: "Work Sans", Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 0px; margin-top: 0px; orphans: 2; padding: 0px; text-align: left; text-decoration-color: initial; text-decoration-style: initial; text-indent: 0px; text-size-adjust: none; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">
<span style="border: currentColor; font-size: 14px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><strong style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">2017 Median Sale price</strong></span></div>
<div style="-webkit-text-stroke-width: 0px; background-color: white; border: currentColor; clear: both; color: #222222; font-family: "Work Sans", Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 0px; margin-top: 0px; orphans: 2; padding: 0px; text-align: left; text-decoration-color: initial; text-decoration-style: initial; text-indent: 0px; text-size-adjust: none; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">
</div>
<div style="-webkit-text-stroke-width: 0px; background-color: white; border: currentColor; clear: both; color: #222222; font-family: "Work Sans", Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 0px; margin-top: 0px; orphans: 2; padding: 0px; text-align: left; text-decoration-color: initial; text-decoration-style: initial; text-indent: 0px; text-size-adjust: none; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">
<div style="border: currentColor; clear: both; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">
<img alt="" src="https://media.apr.com/pics/realtor/825592/664513" style="border: currentColor; height: 437px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none; width: 573px;" /></div>
<div style="border: currentColor; clear: both; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">
<table border="0" cellpadding="0" cellspacing="0" class="main_table" style="-webkit-text-stroke-width: 0px; border-collapse: collapse !important; border-color: currentColor !important; border-image: initial; border-width: medium medium 0px !important; color: black; font-family: "Times New Roman"; font-size: medium; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 0px; margin-top: 0px; orphans: 2; padding: 0px !important; text-decoration-color: initial; text-decoration-style: initial; text-indent: 0px; text-size-adjust: none; text-transform: none; white-space: normal; widows: 2; width: 600px; word-spacing: 0px;"><tbody style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">
<tr style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"><td class="aside" style="border-collapse: collapse; border: currentColor; color: #222222; font-family: Arial, Helvetica, sans-serif, "Work Sans"; font-size: 16px; margin-bottom: 0px; margin-top: 0px; padding: 0px 10px; text-align: left; text-size-adjust: none;" valign="top"><div style="border: currentColor; clear: both; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">
<strong style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">2017 Sale to List Price Ratio</strong></div>
<div style="border: currentColor; clear: both; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">
</div>
<div style="border: currentColor; clear: both; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">
<img alt="" src="https://media.apr.com/pics/realtor/825592/664543" style="border: currentColor; height: 500px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none; width: 600px;" /></div>
<div style="border: currentColor; clear: both; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">
</div>
<div style="border: currentColor; clear: both; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">
</div>
<div style="border: currentColor; clear: both; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">
<strong style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">Price Per Square Foot by City</strong></div>
<div style="border: currentColor; clear: both; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">
</div>
<div style="border: currentColor; clear: both; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">
<img alt="" src="https://media.apr.com/pics/realtor/825592/664593" style="border: currentColor; height: 500px; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none; width: 600px;" /></div>
<div style="border: currentColor; clear: both; line-height: 24px; margin: 1em 0px; padding: 0px;">
<strong style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;"> Challenges to Home Sales in 2018</strong></div>
<div style="border: currentColor; clear: both; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">
<ul style="border: currentColor; list-style-position: inside; list-style-type: disc; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">
<li style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">Supply will remain a thorn for brokers, developers and homeowners</li>
<li style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">Long-time homeowners are expected to remain in their homes to avoid </li>
<li style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">paying significant capital gains taxes due upon sale and to maintain low </li>
</ul>
</div>
<div style="border: currentColor; clear: both; margin-bottom: 0px; margin-top: 0px; padding: 0px;">
existing mortgages</div>
<div style="border: currentColor; clear: both; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">
<ul style="border: currentColor; list-style-position: inside; list-style-type: disc; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">
</ul>
</div>
<div style="border: currentColor; clear: both; line-height: 24px; margin: 1em 0px; padding: 0px;">
property taxes and low rates on current mortgages.</div>
<div style="border: currentColor; clear: both; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">
<ul style="border: currentColor; list-style-position: inside; list-style-type: disc; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">
<li style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">More single family units are expected to become rentals</li>
<li style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">Mortgage interest rates are expected to move higher. According to </li>
<li style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">mortgage professionals 30 year interest rates will rise to 4.5 percent </li>
</ul>
</div>
<div style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">
in 2018</div>
<ul style="border: currentColor; list-style-position: inside; list-style-type: disc; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">
<li style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">The tax reform law changes affect real estate beginning with the 2018 t</li>
</ul>
<div style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">
tax year.</div>
<ul style="border: currentColor; list-style-position: inside; list-style-type: disc; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">
</ul>
<div style="border: currentColor; line-height: 24px; margin: 1em 0px 1em 1in; padding: 0px;">
You will no longer be able to deduct:</div>
<ul style="border: currentColor; list-style-position: inside; list-style-type: disc; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">
<li style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">The State income tax and property taxes above $10,000 per year in total;</li>
<li style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">Moving expenses (with an exception for certain military);</li>
<li style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">Mortgage interest beyond interest on $750,000 of acquisition debt, if you purchase a new home; and</li>
<li style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">Mortgage interest paid on equity debt (this is no longer deductible for any taxpayers).</li>
</ul>
<div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
I do not expect any significant changes to our local market as of the result of the new tax law because of the high demand and the wealth of our clients.</div>
<div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
<strong style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">The Positives in 2018</strong></div>
<ul style="border: currentColor; list-style-position: inside; list-style-type: disc; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">
<li style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">The local economy is strong and job growth will be expanding</li>
<li style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">Wages are expected to increase</li>
<li style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">More millennials will be leaving the nest and looking to buy homes</li>
<li style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">The net cash gain to sellers is the highest since 2006</li>
</ul>
<div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
<strong style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">2018 </strong><strong style="border: currentColor; margin-bottom: 0px; margin-top: 0px; padding: 0px; text-size-adjust: none;">Real Estate Industry Outlook</strong></div>
<div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
I am optimistic about the economy and the housing market as the new<br />
year begins. High demand and robust economic conditions are reasons<br />
to be hopeful. Unless there’s a major correction in the tech sector, prices<br />
will continue to rise. I expect our local market to increase 8-10% in value.</div>
<div style="border: currentColor; line-height: 24px; margin: 1em 0px !important; padding: 0px; text-size-adjust: none;">
The question on everybody’s mind is: are we going to hit another bubble<br />
soon? The market conditions today are fundamentally different from the <br />
bubble of a few years ago. Home sales are recovering and we don't have<br />
<br />
the subprime lending we had before. Mortgage lending has stringent r<br />
equirements today - almost too stringent. There is job growth and <br />
business and consumer sentiments are high and business is booming <br />
in what experts are saying could become the longest economic expansion <br />
since WWII.</div>
Please share my semi-annual report with your friends who might be looking <br />
to buy or sell their home. I will be happy to answer any questions or discuss in further detail the state of the real estate market</td></tr>
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</div>
Anonymoushttp://www.blogger.com/profile/12991338952129208739noreply@blogger.com0tag:blogger.com,1999:blog-6460882731596546386.post-24142720725260199502017-07-13T06:50:00.001-07:002017-07-13T06:53:09.020-07:002017 Semi- Annual Market Report For Palo Alto, Menlo Park and Atherton<br />
<div style="mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 8.55pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
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<span style="font-size: 14pt; margin: 0px;">The local housing
market showed mixed results for the first semester of this year as Palo
Alto’s median sale price increased 10% with average days on the market of 21
days while</span><span style="font-size: 16pt; margin: 0px;"> </span><span style="font-size: 14pt; margin: 0px;">Menlo Park’s median sale price decreased 4.5% with
average days on the market of 25 days and Atherton’s median sale price
decreased 17.5% with average days on the market of 43 days. Demand
from international buyers has slowed somewhat but we are still
seeing multiple offers on many of our listings although the number of
offers has decreased.</span><br />
<span style="font-size: 14pt; margin: 0px;"><br /></span></div>
<div style="margin: 0px;">
<span style="font-size: 14pt; margin: 0px;">Set forth in the
tables below are the median sales prices, sale to list price ratios and price
per square foot for different areas of Palo Alto, Menlo Park and Atherton for
the first half of 2017.</span><br />
<br /></div>
<div style="margin: 0px;">
<b><span style="font-size: 18pt; margin: 0px;">2017 Median Sale
Price In Palo Alto, Menlo Park and Atherton </span></b><br />
<b><span style="font-size: large;"><br /></span></b></div>
</td>
</tr>
</tbody></table>
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiny4wX5uckXldQNrMXTCwr55gcmyFfNekOCrEKf8xQrZ6MyKnjS3DR2a77CIJPJwzSRIyWoO5l3VhoaGfmnrpq5yaqZLFiXCUSXfZ0u18SYnZAwiC1C76P4XRzVT5E0x6u4SgJRfPFndBN/s1600/med+3+cities.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="500" data-original-width="600" height="532" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiny4wX5uckXldQNrMXTCwr55gcmyFfNekOCrEKf8xQrZ6MyKnjS3DR2a77CIJPJwzSRIyWoO5l3VhoaGfmnrpq5yaqZLFiXCUSXfZ0u18SYnZAwiC1C76P4XRzVT5E0x6u4SgJRfPFndBN/s640/med+3+cities.png" width="640" /></a></div>
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<div style="mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 8.55pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
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<b><span style="font-size: 18pt; margin: 0px;">2017 Sale to List
Price Ratio </span></b><br />
<b><span style="font-size: large;"><br /></span></b></div>
</td>
</tr>
</tbody></table>
</div>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjeBmG1f7Ftg87VJoNlouZpgFuZ3RE4JBBaoMStD8UWGKdHuUi_ZFdm-tDf9DIuqYQ1BAPJfLc5aewkVUPQ-jkYXfei8Zu94BozUKS0NsMeeCF21_UoojeiTQFQn-LV_7tG9a1wFi7NBTSp/s1600/ratio+3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="500" data-original-width="600" height="532" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjeBmG1f7Ftg87VJoNlouZpgFuZ3RE4JBBaoMStD8UWGKdHuUi_ZFdm-tDf9DIuqYQ1BAPJfLc5aewkVUPQ-jkYXfei8Zu94BozUKS0NsMeeCF21_UoojeiTQFQn-LV_7tG9a1wFi7NBTSp/s640/ratio+3.png" width="640" /></a></div>
<br />
<br />
<span style="font-family: "times new roman" , serif; font-size: 18pt; margin: 0px;"><b>2017 Price Per Square Foot for Palo Alto by
Areas</b></span><br />
<b><span style="font-size: large;"><br /></span></b>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-YGO9QcsVbHyQPMawk02rX6cLOLmOWuIo4lddAv_j4gMELOg5eSWRMuECqKEtlo7Rkaufpr8WTMHrdgXAxNATF35zfNBiaVWcdTlh5zoefoEcsq36gnO34eNxE6FIMoLnaSXguXcAldiO/s1600/pasf.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="500" data-original-width="600" height="532" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-YGO9QcsVbHyQPMawk02rX6cLOLmOWuIo4lddAv_j4gMELOg5eSWRMuECqKEtlo7Rkaufpr8WTMHrdgXAxNATF35zfNBiaVWcdTlh5zoefoEcsq36gnO34eNxE6FIMoLnaSXguXcAldiO/s640/pasf.png" width="640" /></a></div>
<span style="font-family: "times new roman" , serif; font-size: 18pt; margin: 0px;">
<br />
</span><br />
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<b style="mso-bidi-font-weight: normal;"><span style="font-size: 18pt; margin: 0px;">2017 Price Per Square Foot for Menlo Park by Areas</span></b></div>
</td>
</tr>
</tbody></table>
</div>
<span style="font-family: "times new roman" , serif; font-size: 18pt; margin: 0px;">
</span><br />
<span style="font-family: "times new roman" , serif; font-size: 18pt; margin: 0px;"><br />
</span><br />
<div class="separator" style="clear: both; text-align: center;">
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<span style="font-family: "times new roman" , serif; font-size: 18pt; margin: 0px;">
<span style="font-family: "times new roman" , serif; font-size: 18pt; margin: 0px;"><b>2017 Price Per Square Foot for Atherton by Areas</b></span><br />
<span style="font-family: "times new roman" , serif; font-size: 18pt; margin: 0px;"><b><br /></b></span></span><br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgH2AbiGkDwyvDl4DEaN1S1J9JS_ZnY-SMSfFcDWU25JFDiFnL0-hq-zURrNkvnkiFYy4b8h7A9fgmJNfgVMZJ4mcvMrNuBdoMgzNxQS6gtHT_-L2znSDcLumW5IoWv59ZLcxxhDDt0-5xH/s1600/asf.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="500" data-original-width="600" height="532" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgH2AbiGkDwyvDl4DEaN1S1J9JS_ZnY-SMSfFcDWU25JFDiFnL0-hq-zURrNkvnkiFYy4b8h7A9fgmJNfgVMZJ4mcvMrNuBdoMgzNxQS6gtHT_-L2znSDcLumW5IoWv59ZLcxxhDDt0-5xH/s640/asf.png" width="640" /></a></div>
<span style="font-family: "times new roman" , serif; font-size: 18pt; margin: 0px;"><br /></span>
<br />
<div style="mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 8.55pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
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<tbody>
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<td align="left" style="background-color: transparent; border: 0px rgb(0, 0, 0); margin: 0px; padding: 0in 8.55pt;" valign="top"><div style="margin: 0px; text-align: justify;">
<span style="font-size: 14pt; margin: 0px;">The townhouse
and condo market was down. The median sale price in Palo Alto for 2017
decreased from to $1,543,000 in 2016 to $1,472,000 in 2017 and the sale to
list ratio was 106.3%. In Menlo Park the median sale price increased
from $1,267,000 in 2016 to $1,312,000 in 2017 and the sale to price ratio was
100.4%.</span></div>
<div style="margin: 0px; text-align: justify;">
<span style="font-size: 14pt; margin: 0px;"> About
the same number of homes sold during the first half of 2017 as sold
during the first half of 2016. 174 houses sold in Palo Alto
(compared to 170 in 2016), 149 houses sold in Menlo Park (compared to
152 houses in 2016) and 44 houses sold in Atherton (compared to 37
houses in 2015). </span><br />
<br /></div>
<div style="margin: 0px; text-align: justify;">
<span style="font-size: 14pt; margin: 0px;"> The
current market conditions could be described as follow:</span><br />
<br /></div>
<div style="margin-left: .5in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 8.55pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 14pt; margin: 0px;">1-
</span><span style="font-size: 10pt; margin: 0px;"> </span><span style="font-size: 14pt; margin: 0px;">Chinese interest in our local real estate market has slowed somewhat
but not in Palo Alto.</span></div>
<div style="margin-left: .5in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 8.55pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 14pt; margin: 0px;">2-
There is an abundance of liquidity in the market from IPOs and mergers
and acquisitions.</span></div>
<div style="margin-left: .5in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 8.55pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 14pt; margin: 0px;">3-
There is a steady increase in the number of new jobs.</span></div>
<div style="margin-left: .5in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 8.55pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 14pt; margin: 0px;">4-
Consumer confidence and spending is strong. </span></div>
<div style="margin-left: .5in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 8.55pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 14pt; margin: 0px;">5-
The demand for housing outstrips supply </span></div>
<div style="margin-left: .5in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 8.55pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 14pt; margin: 0px;">6-
There is low homeowner turnover due to upgrade.</span></div>
<div style="margin-left: .5in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 8.55pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 14pt; margin: 0px;">7-
The improving economy is drawing buyers back to the housing market. </span><br />
<br /></div>
<div style="margin: 0px 0px 16px;">
<b><span style="font-size: 14pt; margin: 0px;">Looking Forward</span></b></div>
<div style="margin: 0px 0px 16px;">
<span style="font-size: 14pt; margin: 0px;">Here are eight things
housing experts expect to see in the next semester:</span></div>
<ol start="1" type="1">
<li style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0px 0px 16px;"><span style="font-size: 14pt; margin: 0px;">Prices
will continue to rise but more slowly in Palo Alto and will remain
more stable in other areas in the Mid- Peninsula.</span></li>
<li style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0px 0px 16px;"><span style="font-size: 14pt; margin: 0px;">Affordability
will worsen. </span></li>
<li style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0px 0px 16px;"><span style="font-size: 14pt; margin: 0px;">Mortgage
rates will be volatile.</span></li>
<li style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0px 0px 16px;"><span style="font-size: 14pt; margin: 0px;">Credit
availability may improve.</span></li>
<li style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0px 0px 16px;"><span style="font-size: 14pt; margin: 0px;">Supply
will remain short.</span></li>
<li style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0px 0px 16px;"><span style="font-size: 14pt; margin: 0px;">More
millennials will become homeowners.</span></li>
<li style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0px 0px 16px;"><span style="font-size: 14pt; margin: 0px;">Competition
will grow fiercer.</span></li>
<li style="color: black; font-family: "Times New Roman",serif; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0px 0px 16px;"><span style="font-size: 14pt; margin: 0px;">Political
impact on the housing market would be more likely neutral.</span></li>
</ol>
</td>
</tr>
</tbody></table>
</div>
<b></b><i></i><u></u><sub></sub><sup></sup><strike></strike>Anonymoushttp://www.blogger.com/profile/12991338952129208739noreply@blogger.com0tag:blogger.com,1999:blog-6460882731596546386.post-2101283911738515952017-06-21T17:16:00.002-07:002017-06-21T17:16:12.593-07:00Homebuyer Insights Report- Bank of AmericaWe’re excited to bring you our second annual Bank of America Homebuyer Insights Report, which explores the latest attitudes, behaviors and preferences of the modern homebuyer.<br />If there’s one thing to take away from our report this year, it’s that forward-thinking millennials are buying homes – and they’re happy with their choice. This growing group of millennials is seeing the value of getting into a home. In fact, nearly 80 percent who bought homes report that homeownership has had a positive long-term impact on their financial picture. Clearly, the millennial generation is coming of age and realizing it might not make sense to wait anymore to purchase their first home. <br />While “dreamers” told us last year that they want to skip the starter home in favor of a house that suits their needs over the long term, the overwhelming majority of millennial homeowners say their current home is a “stepping stone” to their forever home. These millennial owners strongly believe owning a home is more affordable than renting. This stands in sharp contrast to those who have not yet purchased a home, who say they are roughly split in their view of whether renting or owning is more affordable.<br />Some prospective first-time homebuyers believe their personal circumstances should line up perfectly before buying a home. Would-be buyers may think they’re not prepared in all the ways they need to be. For example, many first-time buyers in our report believe they need 20 percent or more of a home’s price for a down payment, which may be why just less than a quarter think they can currently make one. For this group, having the proper financial means to purchase is the top reason for buying a first home, ahead of additional factors such as wanting a place to call their own and preferring a mortgage to paying rent. <br />The reality is that, with proper help, homebuyers can very often achieve homeownership in a way that is both sustainable and rewarding. Bank of America offers a variety of tools and resources to help homebuyers navigate the homebuying process and purchase an affordable home. Our Affordable Loan Solution™ mortgage, which requires a down payment as low as 3 percent, speaks directly to the needs of first-time buyers who are striving to overcome the down payment hurdle. Additionally, our Down Payment Resource Center is an online tool that helps consumers search a variety of down payment and closing cost assistance programs.<br />We’re encouraged to see homeowners continuing to find the deep benefits – both financial and emotional – of homeownership. We hope that this report gives both prospective homebuyers and existing homeowners insights that will allow them to take advantage of everything that owning a home can offer.<br />Anonymoushttp://www.blogger.com/profile/12991338952129208739noreply@blogger.com0tag:blogger.com,1999:blog-6460882731596546386.post-85680843050524990772017-06-06T05:54:00.001-07:002017-06-06T05:54:40.391-07:00Super Dads<div class="separator" style="clear: both; text-align: center;">
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<br />Anonymoushttp://www.blogger.com/profile/12991338952129208739noreply@blogger.com0tag:blogger.com,1999:blog-6460882731596546386.post-3735128758174565572017-05-30T12:11:00.000-07:002017-05-30T12:11:02.177-07:00WALKING ON SUNSHINE!<div class="separator" style="clear: both; text-align: center;">
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<br />Anonymoushttp://www.blogger.com/profile/12991338952129208739noreply@blogger.com0tag:blogger.com,1999:blog-6460882731596546386.post-86232108742951702802017-05-24T07:39:00.000-07:002017-05-24T07:39:14.167-07:00Palo Alto Median Sale Price For the Last Five Years<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhItaXWxOsS4KYEFGB2dAxtc8-0x70LvyPN4Ax1WysDtXT7eXtv81YNy0WiyE7BfZONcdcTMvite8tTUiKMOWbZQieO0wIL3FtBkpHEhzLJ-q5f6NZV1NHVOI9a2P6Uf7ptI1ZAdOZiRCOm/s1600/pa.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="500" data-original-width="600" height="532" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhItaXWxOsS4KYEFGB2dAxtc8-0x70LvyPN4Ax1WysDtXT7eXtv81YNy0WiyE7BfZONcdcTMvite8tTUiKMOWbZQieO0wIL3FtBkpHEhzLJ-q5f6NZV1NHVOI9a2P6Uf7ptI1ZAdOZiRCOm/s640/pa.png" width="640" /></a></div>
<br />Anonymoushttp://www.blogger.com/profile/12991338952129208739noreply@blogger.com0tag:blogger.com,1999:blog-6460882731596546386.post-45524497879916964082017-05-16T09:33:00.003-07:002017-05-16T09:35:39.498-07:00Consumer Activism Is Happening!<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-3BprD9haeGuqX7FGf-zTID-aur48LjMT_HZR2ro8UUjlg_qvcCmcnteMyqSQV8cnsO0zhnM3_NoS_DNWARK4pBbNHf_OVAJCXHCSyTqx23GkhRz6Uq8lHqDrMkqhBdfDUtNaQr4orzDB/s1600/cool.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-3BprD9haeGuqX7FGf-zTID-aur48LjMT_HZR2ro8UUjlg_qvcCmcnteMyqSQV8cnsO0zhnM3_NoS_DNWARK4pBbNHf_OVAJCXHCSyTqx23GkhRz6Uq8lHqDrMkqhBdfDUtNaQr4orzDB/s640/cool.jpg" width="460" /></a></div>
<br />Anonymoushttp://www.blogger.com/profile/12991338952129208739noreply@blogger.com0tag:blogger.com,1999:blog-6460882731596546386.post-37072950784235083152017-05-09T07:53:00.003-07:002017-05-09T07:53:20.562-07:00CHARITABLE REMAINDER TRUSTS OFFER A SOUND ESTATE PLANNING OPTION<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCPc7KYSezQ0Afldyk9r-LeGp8xNzPZVEB1omu-5P9dvfEek8L91yTPlw093sh9miAheH4bIp1FxMnoVLvedhY_WnrFRoPoOFKXvJkPe7uN1z_q0moVrZPtAtich27lG0BfLFn8YXsYijS/s1600/first.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="308" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCPc7KYSezQ0Afldyk9r-LeGp8xNzPZVEB1omu-5P9dvfEek8L91yTPlw093sh9miAheH4bIp1FxMnoVLvedhY_WnrFRoPoOFKXvJkPe7uN1z_q0moVrZPtAtich27lG0BfLFn8YXsYijS/s640/first.jpg" width="640" /></a></div>
<br />
<b><span style="color: #222222; font-family: "Arial",sans-serif; font-size: 13.5pt;">WITH
HOMEOWNERS TRAPPED BY HIGH TAXES, CRTS MAKE A COMEBACK IN PALO ALTO.</span></b><span style="color: #333333; font-family: "Arial",sans-serif; font-size: 10.0pt;"><o:p></o:p></span><br />
<span style="color: #333333; font-family: "Arial",sans-serif; font-size: 10.0pt;">For longtime Palo Alto
homeowners, soaring home prices have been an unexpected windfall, a bonus on
top of good schools, plentiful jobs and a close-knit community. But for some,
high real estate prices are a mixed blessing: they may want to downsize to a
smaller place or sell to provide for their retirement or pay for relatives’
education. Now they face a huge tax bill, in the form of capital gains. <o:p></o:p></span><br />
<span style="color: #333333; font-family: "Arial",sans-serif; font-size: 10.0pt;">So it’s no surprise then that
more Palo Altans are turning to charitable remainder trusts (CRT) to make
selling their home less financially painful. <o:p></o:p></span><br />
<span style="color: #333333; font-family: "Arial",sans-serif; font-size: 10.0pt;">“For eight years, I didn’t see
any of these at all. It’s picked back up again,” says David Spence, a partner
at the Menlo Park law firm Royse Law. Spence says high real estate values, the
booming Silicon Valley economy and higher tax rates have been behind the flurry
of inquiries he’s received in recent years. <o:p></o:p></span><br />
<span style="color: #333333; font-family: "Arial",sans-serif; font-size: 10.0pt;">Area charities are also
aggressively courting charitable giving while recognizing that the potential
donor’s largest asset may come with a huge tax liability. Both Stanford and the
Silicon Valley Community Foundation, for example, boast on their websites of
their ability to act as trustees for a CRT.<o:p></o:p></span><br />
<b><span style="color: #222222; font-family: "Arial",sans-serif; font-size: 13.5pt;">DODGING TAXES, WITH THE
IRS’S BLESSING</span></b><span style="color: #333333; font-family: "Arial",sans-serif; font-size: 10.0pt;"><o:p></o:p></span><br />
<span style="color: #333333; font-family: "Arial",sans-serif; font-size: 10.0pt;">CRTs were not uncommon in the
red-hot economy of the 1990s but tailed off through much of the first decade of
this century, perhaps due to favorable changes to the tax code in 1997 but Palo
Alto’s booming prices mean many potential sellers will today easily top the
$500,000 per couple exclusion.<o:p></o:p></span><br />
<span style="color: #333333; font-family: "Arial",sans-serif; font-size: 10.0pt;">The trusts work like this: A
person who wishes to sell their appreciated home instead transfers it into an
irrevocable trust, which sells the asset without having to pay the capital
gains tax. The trust then pays the donor (“grantor” in legalese) a portion of
the trust’s assets annually. The payment stream can be a fixed dollar amount or
percentage of the trust’s assets and for a fixed number of years or for life.
What’s left over at the end of the trust’s life, the “remainder,” goes to the
charity. The donor must pay taxes on the income stream but gets to deduct the
remainder gift immediately.<o:p></o:p></span><br />
<span style="color: #333333; font-family: "Arial",sans-serif; font-size: 10.0pt;">Margo Felt of the Los Altos law
firm Thoits Law says some clients cite tax planning, not charity, for creating
a charitable trust. “Some people can end up better off having income come out
of the charitable trust.” <o:p></o:p></span><br />
<span style="color: #333333; font-family: "Arial",sans-serif; font-size: 10.0pt;">Spence recently worked with a
retiree who had few assets aside from her home and used a CRT to pay for her
retirement while giving back to the community.<o:p></o:p></span><br />
<span style="color: #333333; font-family: "Arial",sans-serif; font-size: 10.0pt;"><br /></span>
<br />
<b><span style="color: #222222; font-family: "Arial",sans-serif; font-size: 13.5pt;">CAVEATS: BE FREE OF DEBT,
BE READY TO MOVE</span></b><span style="color: #333333; font-family: "Arial",sans-serif; font-size: 10.0pt;"><o:p></o:p></span><br />
<b><span style="color: #222222; font-family: "Arial",sans-serif; font-size: 13.5pt;"><br /></span></b>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgx80ViaLfA6-Vm8g39z6g-VjngtkkPgDDQIZ5cbor5VcDVUcG-IrwWSSsiaqXrkDTkl6UvcJh0SYjeQu_gEbvQTyEQbZVcCAHMXZqukickkliR5sLO3-SdClDndKqssUw_ZCwVcvIVJbEj/s1600/two.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="268" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgx80ViaLfA6-Vm8g39z6g-VjngtkkPgDDQIZ5cbor5VcDVUcG-IrwWSSsiaqXrkDTkl6UvcJh0SYjeQu_gEbvQTyEQbZVcCAHMXZqukickkliR5sLO3-SdClDndKqssUw_ZCwVcvIVJbEj/s640/two.jpg" width="640" /></a></div>
<span style="color: #333333; font-family: "Arial",sans-serif; font-size: 10.0pt;"><br /></span>
<span style="color: #333333; font-family: "Arial",sans-serif; font-size: 10.0pt;">As
with anything tax-related, these trusts come in multiple flavors and the tax
benefits can vary dramatically based on circumstances so working with a
qualified attorney or estate planner is a must. The property should generally
be free of debt, although Spence says that there are instances where he has
worked out an agreement to split a property into separate pieces with one
placed in the trust and the other, to which the debt is attached, left
outside. <o:p></o:p></span><br />
<span style="color: #333333; font-family: "Arial",sans-serif; font-size: 10.0pt;">“That is a solution that can
sometimes be done depending on the bank, but it’s not easy,” Spence says. “The
general rule is that you’ve got to get rid of the debt before you create the
trust.” <o:p></o:p></span><br />
<span style="color: #333333; font-family: "Arial",sans-serif; font-size: 10.0pt;">Spence also says that homeowners
should not have made a commitment to sell their property and should be out of
their house prior to its being placed in trust. “If the owner is living in the
house [after it is in the trust], that is private inurement,” Spence says. That
is, “they benefit by living in the house,” he says. <o:p></o:p></span><br />
<br />
<span style="color: #333333; font-family: "Arial",sans-serif; font-size: 10.0pt;">Beyond that, for anyone sitting
on a home that is worth 25 times what they paid for it, not uncommon in Silicon
Valley, and who wants income for their later years a CRT may allow them to
sell.<o:p></o:p></span><br />
<b><span style="color: #222222; font-family: "Arial",sans-serif; font-size: 13.5pt;"><br /></span></b>Anonymoushttp://www.blogger.com/profile/12991338952129208739noreply@blogger.com1tag:blogger.com,1999:blog-6460882731596546386.post-49618018176226225162017-05-02T06:50:00.002-07:002017-05-02T06:50:42.191-07:00Importance of Artificial Intelligence<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOQ-e9mG4GHxGRBRqRh5b-iUlUVeTeCu9CXJFeeuZPEZPvXo9KGda8WlfeN58HSySH61NAHOr-DWeCE98SZfinNhH37LIMEVUcrxVreeqVH2pG1OBizICf45FAUxUIAlNwv69etEDFWdPl/s1600/cool.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOQ-e9mG4GHxGRBRqRh5b-iUlUVeTeCu9CXJFeeuZPEZPvXo9KGda8WlfeN58HSySH61NAHOr-DWeCE98SZfinNhH37LIMEVUcrxVreeqVH2pG1OBizICf45FAUxUIAlNwv69etEDFWdPl/s640/cool.jpg" width="460" /></a></div>
<br />Anonymoushttp://www.blogger.com/profile/12991338952129208739noreply@blogger.com0tag:blogger.com,1999:blog-6460882731596546386.post-80351658252475619322017-04-25T06:50:00.002-07:002017-04-25T06:50:20.983-07:00The Goldilocks Mindset<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqnKZjUH3NQ9_IjxDG6tG4PoeRiQi2W4n5EU_GQ81QnGzxKgxGzOLVA8azLpYaWCAtPoooY_DGPKduvYdd9qqX74m-oIsgWnYKsLtwnCK06wgZxuBnH07H_5982eFlJJnAe6SzFw9u1NoW/s1600/cool.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqnKZjUH3NQ9_IjxDG6tG4PoeRiQi2W4n5EU_GQ81QnGzxKgxGzOLVA8azLpYaWCAtPoooY_DGPKduvYdd9qqX74m-oIsgWnYKsLtwnCK06wgZxuBnH07H_5982eFlJJnAe6SzFw9u1NoW/s640/cool.jpg" width="460" /></a></div>
<br />Anonymoushttp://www.blogger.com/profile/12991338952129208739noreply@blogger.com0tag:blogger.com,1999:blog-6460882731596546386.post-13759909797004840932017-04-18T13:58:00.000-07:002017-04-18T13:58:00.445-07:00Does Home Size = Success<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1KxYJ4OGVZ3FFOQ7l4uDeutME-SkXTYqpe6FykeXB1bE1o_9XCGCOmookPrlDAkcnV1mvvNfHyH_BjZlr1lUpuoZYGCVK1OeCPLm1vew9V4qkWpZajD4qRdrY7t7tid2zMaRPedef03r2/s1600/cool.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1KxYJ4OGVZ3FFOQ7l4uDeutME-SkXTYqpe6FykeXB1bE1o_9XCGCOmookPrlDAkcnV1mvvNfHyH_BjZlr1lUpuoZYGCVK1OeCPLm1vew9V4qkWpZajD4qRdrY7t7tid2zMaRPedef03r2/s640/cool.jpg" width="464" /></a></div>
<br />Anonymoushttp://www.blogger.com/profile/12991338952129208739noreply@blogger.com0tag:blogger.com,1999:blog-6460882731596546386.post-40864665247706201262017-04-14T15:06:00.000-07:002017-04-14T15:06:11.567-07:00CAA Loses First Round in Rent Control Legal Battle<br />
<span style="font-family: "Arial",sans-serif; font-size: 9.0pt;">Last week a
court denied the California Apartment Association's (CAA) request for a
preliminary injunction in its case against the City of Mountain View to block
the implementation of Measure V. Measure V is the city's voter approved rent
control and just cause eviction ordinance. A different court recently denied
the same motion in CAA's fight to block a similar initiative in the city of
Richmond.<o:p></o:p></span><br />
<span style="font-family: "Arial",sans-serif; font-size: 9.0pt;">CAA had asked
the court to prevent the implementation of the ordinance until resolution of
the lawsuit which is scheduled for trial later this year. The court found that
CAA was unable to prove its members would suffer irreparable harm if Measure V
went into effect prior to the resolution of the litigation over Measure V.<o:p></o:p></span><br />
<br />
<span style="font-family: "Arial",sans-serif; font-size: 9.0pt;">This decision
now paves the way for full implementation of rent control and just cause eviction
in Mountain View, which goes into effect immediately. Measure V applies to
buildings with three or more units with different regulations based on whether
it was built before or after February 1, 1995. Under state law rent control can
only apply to buildings built before that date.<o:p></o:p></span>Anonymoushttp://www.blogger.com/profile/12991338952129208739noreply@blogger.com0tag:blogger.com,1999:blog-6460882731596546386.post-11827361006567416472017-04-11T07:33:00.000-07:002017-04-11T07:33:04.291-07:00Staying Put<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEju2u6S39GduoSQLnET1YjMXCD59fn8fEL6g77GOBkPfbpU3yT657Fdv5UcsulL2TNUYQVBbQyGvR2561G3H9KQo1MnaaubbFGebTtBldtZutnItd2PetxyNaoO1yV6ubuPKIJeyCVu1Ie2/s1600/cool.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEju2u6S39GduoSQLnET1YjMXCD59fn8fEL6g77GOBkPfbpU3yT657Fdv5UcsulL2TNUYQVBbQyGvR2561G3H9KQo1MnaaubbFGebTtBldtZutnItd2PetxyNaoO1yV6ubuPKIJeyCVu1Ie2/s640/cool.jpg" width="460" /></a></div>
<br />Anonymoushttp://www.blogger.com/profile/12991338952129208739noreply@blogger.com0tag:blogger.com,1999:blog-6460882731596546386.post-21378273973850735512017-04-04T06:50:00.003-07:002017-04-04T06:50:52.544-07:00TECHNOLOGY TAKEOVER<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZx0TWCy97mH91E2bgogFUsfSlpVxd12uxzIbBEQK_yIcC1RJkvZKnbnFkVRQd2IwTTkH56FEuCL6TauMZ9U3F6NXpEUozLUEW9Vqk6ciFhDcLB0YyNsmGjhjHum2bV-4kygzc8Hb1er0K/s1600/cool.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZx0TWCy97mH91E2bgogFUsfSlpVxd12uxzIbBEQK_yIcC1RJkvZKnbnFkVRQd2IwTTkH56FEuCL6TauMZ9U3F6NXpEUozLUEW9Vqk6ciFhDcLB0YyNsmGjhjHum2bV-4kygzc8Hb1er0K/s640/cool.jpg" width="460" /></a></div>
<br />Anonymoushttp://www.blogger.com/profile/12991338952129208739noreply@blogger.com0tag:blogger.com,1999:blog-6460882731596546386.post-22247744929227780442017-03-28T07:02:00.001-07:002017-03-28T07:02:03.017-07:00Mortgage Mayhem<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhSiribnYBugm-AfYl9soXjq8GfxeRCBWT2j_BsCMSGysNycaGHGBM9aRN2CCbFtpOklOGdAYRQWGNFi9kBupYe_Aj_jfFgGzr_OvvgHnBtZClQWBZDicehgticI-vjWnufxETKVsBbQLw_/s1600/cool.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhSiribnYBugm-AfYl9soXjq8GfxeRCBWT2j_BsCMSGysNycaGHGBM9aRN2CCbFtpOklOGdAYRQWGNFi9kBupYe_Aj_jfFgGzr_OvvgHnBtZClQWBZDicehgticI-vjWnufxETKVsBbQLw_/s640/cool.jpg" width="460" /></a></div>
<br />Anonymoushttp://www.blogger.com/profile/12991338952129208739noreply@blogger.com0tag:blogger.com,1999:blog-6460882731596546386.post-52778212996033598952017-03-24T07:27:00.003-07:002017-03-24T07:27:53.387-07:00Power of Pets<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidBoOzk8_-66IKJy4Z05pRhE1hiMZBMjmNqi7bk9NNKMJ3SfuuMvjMomz51xoh5kwNH5HGRblDcrxD-GKzAL7enEYvOkDtz8IskxpmZoGGdydi2JqtWHQ5j29z8wBUHWN2lVILMZjHN_Bo/s1600/Powers+of+Pets.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidBoOzk8_-66IKJy4Z05pRhE1hiMZBMjmNqi7bk9NNKMJ3SfuuMvjMomz51xoh5kwNH5HGRblDcrxD-GKzAL7enEYvOkDtz8IskxpmZoGGdydi2JqtWHQ5j29z8wBUHWN2lVILMZjHN_Bo/s640/Powers+of+Pets.jpg" width="460" /></a></div>
<br />Anonymoushttp://www.blogger.com/profile/12991338952129208739noreply@blogger.com0tag:blogger.com,1999:blog-6460882731596546386.post-20180936557879119012017-03-14T06:59:00.003-07:002017-03-14T06:59:42.949-07:00Social Good<div class="separator" style="clear: both; text-align: center;">
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<br />Anonymoushttp://www.blogger.com/profile/12991338952129208739noreply@blogger.com0tag:blogger.com,1999:blog-6460882731596546386.post-24636000662315016812017-03-07T07:40:00.003-08:002017-03-07T07:40:41.283-08:00Aspirational But Practical<div class="separator" style="clear: both; text-align: center;">
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<br />Anonymoushttp://www.blogger.com/profile/12991338952129208739noreply@blogger.com0tag:blogger.com,1999:blog-6460882731596546386.post-69928178757629876652017-02-09T17:44:00.002-08:002017-02-09T17:44:40.498-08:00WHAT MATTERTS TO TODAY HOME BUYERS<div class="separator" style="clear: both; text-align: center;">
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<br />Anonymoushttp://www.blogger.com/profile/12991338952129208739noreply@blogger.com0tag:blogger.com,1999:blog-6460882731596546386.post-88221731843922268322017-01-10T10:51:00.005-08:002017-01-10T10:53:01.699-08:002016 Local Real Estate Market Report <br />
<div style="mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 8.55pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
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<br />
<div style="margin: 0px;">
<span style="font-size: 13pt; margin: 0px;">The 2016 local
real estate market remained strong as a result of tight supply and high
demand. Multiple offers were the norm. The share of international buyers
dropped to 3% in California, the lowest level in 9 years.</span></div>
<div style="margin: 0px;">
<br /></div>
<div style="margin: 0px;">
<span style="font-size: 13pt; margin: 0px;">Continued
improvement in the employment market, solid income gains and competition for
a limited number of homes pushed prices higher </span></div>
<div style="margin: 0px;">
<span style="font-size: 13pt; margin: 0px;">in most cities
in the local market.</span></div>
<div style="margin: 0px;">
<br /></div>
<div style="margin: 0px;">
<b><span style="font-size: 13pt; margin: 0px;">Summary of
Market Forecast for 2017:</span></b></div>
<div style="margin: 0px;">
<b><span style="font-size: 13pt; margin: 0px;"><br /></span></b></div>
<div style="margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">US economy and job growth expanding </span></div>
<div style="margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">CA economy out-performing the nation</span></div>
<div style="margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">Strong 2017 housing market with little risk of a
major downturn</span></div>
<div style="margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">Slowing price and sales growth in 2017</span></div>
<div style="margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">Rates rising in response to Fed policy but remaining
attractive</span></div>
<div style="margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">Millennials leaving the nest as job opportunities
expand </span></div>
<div style="margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">Listings remaining low </span></div>
<div style="margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">Affordability challenges for first time & repeat
buyers </span></div>
<div style="margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">Boomers staying put</span></div>
<div style="margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">International buyers dropping (China announced a new
policy effective January 1, 2017) </span></div>
<div style="margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">CA Jobs growing faster than nation with CA
unemployment near an 8-year low</span></div>
<div style="margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">Consumer confidence at a 9 year high and spending is
robust</span></div>
<div style="margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">Lack of affordability will remain the main challenge</span></div>
<div style="margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">Migration patterns mirror housing affordability and
jobs</span></div>
<div style="margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">The economy will keep going – longest business cycle
in history</span></div>
<div style="margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">A trend toward government deregulation</span></div>
<div style="margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">Wild Card: policies of President-elect Donald Trump</span></div>
<div style="margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<span style="font-size: 13pt; margin: 0px;"><br /></span></div>
<div style="margin: 0px;">
<span style="font-size: 13pt; margin: 0px;">The
fundamentals for the 2017 housing market remain strong but it will be a year
of slowing and moderate growth, set against the backdrop of a changing
composition of home buyers and a post-election interest rate jump that could
potentially price some first-timers out of the market. Interest rates are
expected to reach 4.5 percent due to higher expectations for inflationary
pressure in the year ahead with unemployment expected to decline to 4.7
percent nationwide by the end of the year. Despite a more moderate housing
market overall in 2017, strong local economies and population growth will
continue to fuel the market.</span></div>
<div style="margin: 0px;">
<br /></div>
<div style="margin: 0px;">
<span style="font-size: 13pt; margin: 0px;">New-home
buyers could face increased building costs if President-elect Trump follows
through on his tougher immigration policies, which may worsen the
construction industry labor shortage. With the expected continuing increase
in interest rates, first time buyers will face new hurdles as they navigate
the qualification and buying process. These higher rates are associated with
anticipation of stronger economic and wage growth next year, both of which
favor buyers. However, higher rates will make qualifying for a mortgage and finding
affordable inventory more challenging.</span></div>
<div style="margin: 0px;">
<br /></div>
<div style="margin: 0px;">
<span style="font-size: 13pt; margin: 0px;">This year’s
housing indicators don’t take one major wild card into account:
President-elect Donald Trump. Tax cuts and increased infrastructure spending
would stimulate economic growth, which is good for housing. But a trade war
with China and an ideological confrontation with California could hurt our
economy.</span></div>
<div style="margin: 0px;">
<br /></div>
<div style="margin: 0px;">
<span style="font-size: 13pt; margin: 0px;">A new housing
crisis may worsen under the Trump administration, according to some housing
economists. Trump backs the Republican Party stance to change the structure
of or completely eliminate the Consumer Financial Protection Bureau that was
created by the Dodd-Frank Act to oversee Federal financial laws. Trump
believes that the lack of mortgage credit availability is due to
excessively strict criteria and unless you have a lot of money in the bank,
you can’t borrow.</span></div>
<div style="margin: 0px;">
<br /></div>
<div style="margin: 0px;">
<span style="font-size: 13pt; margin: 0px;">This would
boost mortgage lending in the short term, and give more people the
opportunity for home ownership, a pillar of the American dream. However, it
could have ugly effects down the road. The higher demand for homes would push
up house prices, and pretty soon the next generation would find themselves
struggling to qualify for sufficient mortgage finance and as we learned just
a few years’ ago, loosening lending standards can lead to dangerous housing
and credit bubbles.</span></div>
<div style="margin: 0px;">
<br /></div>
<div style="margin: 0px;">
<b><span style="font-size: 13pt; margin: 0px;">Abundance of
Uncertainty</span></b></div>
<div style="margin: 0px;">
<b><span style="font-size: 13pt; margin: 0px;"><br /></span></b></div>
<div style="margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">Brexit: Limited direct impact on US. </span></div>
<div style="margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">Unexpected rise in interest rates </span></div>
<div style="margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">Hit to equities </span></div>
<div style="margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">Global instability</span></div>
<div style="margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<span style="font-size: 13pt; margin: 0px;"><br /></span></div>
<div style="margin: 0px;">
<b><span style="font-size: 13pt; margin: 0px;">Supply Remains an
Issue</span></b></div>
<div style="margin: 0px;">
<b><span style="font-size: 13pt; margin: 0px;"><br /></span></b></div>
<div style="margin: 0px;">
<span style="font-size: 13pt; margin: 0px;">Long-time homeowners
are not moving as in the past. Some of the reasons are listed below:</span></div>
<div style="margin: 0px 0px 0px 48px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">Low rate on current mortgage, low property taxes</span></div>
<div style="margin: 0px 0px 0px 48px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">Capital gains hit </span></div>
<div style="margin: 0px 0px 0px 48px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">Replacement housing may be unaffordable</span></div>
<div style="margin: 0px 0px 0px 48px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">May not qualify for a mortgage today </span></div>
<div style="margin: 0px 0px 0px 48px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">Elect to remodel and stay - children to inherit the
home of their parents? </span></div>
<div style="margin: 0px 0px 0px 48px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">Fewer housing units being turned over since the
Great Recession </span></div>
<div style="margin: 0px 0px 0px 48px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">Owners investing in stay put alterations/additions
reaches all-time high and gaining steam - up 16% from 2015 level</span></div>
</td>
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</tbody></table>
</div>
<br />
<div style="margin: 0px 0px 0px 48px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;"><span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">Boomers not moving as often: 71% of Californian’s aged
55+ haven’t moved since 1999 and the majority do not plan to sell
home when they retire</span></div>
<br />
<div style="mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 8.55pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
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<td align="left" style="background-color: transparent; border: 0px rgb(0, 0, 0); margin: 0px; padding: 0in 8.55pt;" valign="top"><div style="margin: 0px 0px 0px 48px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">92% have equity in their home</span></div>
<div style="margin: 0px 0px 0px 48px; text-indent: -0.25in;">
<span style="font-size: 13pt; margin: 0px;"><br /></span></div>
<div style="margin: 0px;">
<b><span style="font-size: 13pt; margin: 0px;">Miscellaneous
Facts:</span></b></div>
<div style="margin: 0px;">
<b><span style="font-size: 13pt; margin: 0px;"><br /></span></b></div>
<div style="margin: 0px 0px 0px 48px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">52% of parents worry about children having
fewer opportunities to succeed</span></div>
<div style="margin: 0px 0px 0px 48px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">75% plan or have already helped children with
down payment. </span></div>
<div style="margin: 0px 0px 0px 48px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">Only 31% of households can buy a median priced home
in California</span></div>
<div style="margin: 0px 0px 0px 48px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">Millennials: The American dream is still important.
Many millennials also believe buying a home is a safe investment </span></div>
<div style="margin: 0px 0px 0px 48px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">Nearly half of all renters plan to buy a home. 69%
of millennial renters would look into purchasing if knew about lower
down-payments</span></div>
<div style="margin: 0px 0px 0px 48px; text-indent: -0.25in;">
<span style="font-family: "symbol"; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;"> </span></span></span><span style="font-size: 13pt; margin: 0px;">The number of years a homeowner owns before selling
is up to 10 years from 6-7 years in the past</span></div>
<div style="margin: 0px;">
<b><span style="font-size: 13pt; margin: 0px;"><br /></span></b></div>
<div style="margin: 0px;">
<b><span style="font-size: 13pt; margin: 0px;">2016 Housing
Statistics:</span></b></div>
<div style="margin: 0px;">
<b><span style="font-size: 13pt; margin: 0px;"><br /></span></b></div>
<div style="margin: 0px 0px 16px;">
<span style="font-size: 13pt; margin: 0px;">The number of houses
sold annually was higher in Palo Alto for 2016 and lower for Menlo Park and
Atherton. 371 houses sold in Palo Alto (compared to 326 in 2015), 296 houses
sold in Menlo Park (compared to 315 in 2015) and 70 houses sold in Atherton
(compared to 76 in 2015). </span></div>
<div style="margin: 0px 0px 16px;">
<span style="font-size: 13pt; margin: 0px;">As of December 31,
2016 we had only 11 active listings of single family homes in Palo Alto, 12
in Menlo Park and 9 in Atherton. </span></div>
<div style="margin: 0px 0px 16px;">
<span style="font-size: 13pt; margin: 0px;">100 townhouses and
condos sold in in Palo Alto in 2016 with a median price of $1,505,000
compared to $1,462,000 last year, an increase of 3%. 74 townhouses and condo
sold in Menlo Park with the median price declining 9.4% from $1,400,000 in 2015
to 1,267,500 in 2016</span></div>
<div style="margin: 0px 0px 16px;">
<span style="font-size: 13pt; margin: 0px;">The median sale price
for a single family home in Palo Alto decreased 4.3% to $2,555,000 (compared
to $2,670,000 for last year), the first decrease since 2010. The sale to list
price ratio was 104% and average days on the market was 23 days, an increase
from 18 for 2015. </span></div>
<div style="margin: 0px 0px 16px;">
<span style="font-size: 13pt; margin: 0px;">For Menlo Park the
median sale price increased 4.9 % from $2,030,000 to $2,130,000 in 2016. The
sale to list price ratio was 103.9% and average days on the market was 19
days, the same as last year. </span></div>
<div style="margin: 0px 0px 16px;">
<span style="font-size: 13pt; margin: 0px;">For Atherton the
median sale price increased 0.84% from $5,950,000 to $6,000,000. The sale to
list price ratio was 97.7% and average days on the market was 73 days, up
from 52 days for last year. The highest sale on MLS in Atherton was 246
Atherton Avenue, which sold at $33,350,000. It is important to note that
Atherton continues to have more private sales than any other town in the
area. </span></div>
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<div style="margin: 0px;">
<b><span style="font-size: 14pt; margin: 0px;">Outlook:</span></b></div>
<div style="margin: 0px;">
<b><span style="font-size: 14pt; margin: 0px;"><br /></span></b></div>
<br />
<div style="margin: 0px;">
<span style="font-size: 13pt; margin: 0px;">Predicting how the real estate market will behave is
never an exact science and 2017 could be especially difficult to predict.</span></div>
<br />
<div style="margin: 0px;">
<span style="font-size: 13pt; margin: 0px;">I think at this point it will be a very interesting
year as we see what policies President-elect Trump will put into place.</span></div>
<br />
<div style="margin: 0px;">
<span style="font-size: 13pt; margin: 0px;">Trump appears to be trying to create a new spirit for
business so that even small businesses might stand a chance in 2017 and beyond.
This could help more people feel confident about buying a home, or investing
regardless of the prices. However, planned repatriation of business back to the
US may come with a big price — a high dollar and strong inflation.</span></div>
<div style="margin: 0px;">
<span style="font-size: 13pt; margin: 0px;"><br /></span></div>
<br />
<div style="margin: 0px 0px 24px;">
<b><span style="color: #141412; font-size: 13pt; margin: 0px;">Top Factors That Will Affect The Housing Market I</span></b><b><span style="font-size: 13pt; margin: 0px;">n<span style="color: #141412; margin: 0px;"> 2017</span></span></b></div>
<br />
<div style="margin: 0px 0px 24px;">
<span style="color: #141412; font-size: 13pt; margin: 0px;">Increasing interest rates and changing buyer demographics are
setting the stage for five key housing trends:</span></div>
<br />
<div style="margin: 0px 0px 24px 96px; text-indent: -0.25in;">
<span style="color: #141412; font-size: 13pt; margin: 0px;"><span style="margin: 0px;">1.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;">
</span></span></span><b><u><span style="color: #141412; font-size: 13pt; margin: 0px;">Millennials
and boomers will dominate the market</span></u></b><u><span style="color: #141412; font-size: 13pt; margin: 0px;"> </span></u><span style="color: #141412; font-size: 13pt; margin: 0px;">––
Next year, the housing market will be in the middle of two massive demographic
waves, millennials and baby boomers</span><span style="font-size: 13pt; margin: 0px;">, <span style="color: #141412; margin: 0px;">that will power demand for at least the next 10 years. </span></span></div>
<br />
<div style="margin: 0px 0px 24px 96px;">
<span style="color: #141412; font-size: 13pt; margin: 0px;">More
millennials will become homeowners, driving up the home ownership rate. Millennials
are also more racially diverse, so more homeowners will be people of color,
reflecting the changing demographics of the United States. Millennials are
expected to make up about a third of the buyer pool</span><span style="font-size: 13pt; margin: 0px;">.</span></div>
<br />
<div style="margin: 0px 0px 24px 96px;">
<span style="font-size: 13pt; margin: 0px;">In the last several years
baby boomers' participation in the housing market has dwindled, although<span style="color: #141412; margin: 0px;"> that may be starting to change as the oldest baby
boomers are entering their late 60s. </span>While a sizable number want to
downsize to control expenses, we're seeing others move to the biggest house
they've ever owned because they've got children and grandchildren and they want
them to come visit. </span></div>
<br />
<div style="margin: 0px 0px 24px 96px;">
<b><u><span style="color: #141412; font-size: 13pt; margin: 0px;">2. Fewer
homes on the market and fast moving markets</span></u></b><span style="color: #141412; font-size: 13pt; margin: 0px;"> – Inventory is currently down The
conditions that are limiting home supply are not expected to change in 2017. </span><span style="color: #444444; font-size: 13pt; margin: 0px;">For those considering new construction
in 2017, it’s worth considering the added cost that may come amidst ongoing
construction labor shortages that could get worse if President-elect Trump
follows through on his hardline stances on immigration and immigrant labor.</span></div>
<br />
<div style="background: white; margin: 0px 0px 15px;">
<span style="color: #444444; font-size: 13pt; margin: 0px;">
</span><span style="font-size: 13pt; margin: 0px;"> <span style="color: #444444; margin: 0px;">The percentage of people who drive to work will rise as
homeowners move further into the suburbs seeking affordable housing</span>.<span style="color: #444444; margin: 0px;"> </span></span></div>
<br />
<div style="background: white; margin: 0px 0px 15px 96px; text-indent: -0.25in;">
<b><span style="font-size: 13pt; margin: 0px;"> <u>3. Interest
rates</u>:</span></b><span style="font-size: 13pt; margin: 0px;"> <span style="color: #444444; margin: 0px;">A
30-year fixed rate mortgage averaged 4.32% for the week ending December 29, up
from 4.01% a year earlier. Mortgage rates forecast to stay low and could reach
4.5% in 2017. With Trump in power, lending requirements are expected to be
eased. </span></span></div>
<br />
<div style="background: white; margin: 0px 0px 15px 72px;">
<span style="font-size: 13pt; margin: 0px;"></span></div>
<b><span style="color: #444444; font-size: 14pt; margin: 0px;"><span style="margin: 0px;"> <u>4. </u></span></span></b><b><span style="color: #444444; font-size: 14pt; margin: 0px;"><u>Home prices rising:</u> </span></b><br />
<br />
<div style="margin: 0px 0px 0px 48px;">
<b><u><span style="color: #444444; font-size: 14pt; margin: 0px;"><span style="margin: 0px; text-decoration: none;"><br /></span></span></u></b></div>
<br />
<div style="margin: 0px 0px 0px 96px;">
<span style="color: #444444; font-size: 14pt; margin: 0px;">Low inventories and modest economic growth should push up price
growth next year. If economic indicators are any guide, the housing
market is heading for a fifth straight year of rising home prices, increased
sales, more rent hikes and booming home construction.</span></div>
<br />
<div style="margin: 0px 0px 0px 48px;">
<b><u><span style="color: #444444; font-size: 14pt; margin: 0px;"><span style="margin: 0px; text-decoration: none;"><br /></span></span></u></b></div>
<br />
<div style="background: white; margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<b><span style="color: #444444; font-size: 14pt; margin: 0px;"><span style="margin: 0px;">4.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;">
</span></span></span></b><b><u><span style="color: #444444; font-size: 14pt; margin: 0px;">Impact of Chinese buyers on the local market</span></u></b></div>
<div style="background: white; margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<b><u><span style="color: #444444; font-size: 14pt; margin: 0px;"><br /></span></u></b></div>
<br />
<div style="background: white; margin: 0px 0px 0px 48px;">
<span style="color: #444444; font-size: 13pt; margin: 0px;">China’s
foreign exchange regulator announced a new policy effective January 1, 2017
that affects all individuals who are looking to buy overseas real estate </span><span style="font-size: 13pt; margin: 0px;"> <span style="color: #444444; margin: 0px;">China’s capital controls are becoming stricter.</span></span></div>
<div style="background: white; margin: 0px 0px 0px 48px;">
<span style="font-size: 13pt; margin: 0px;"><span style="color: #444444; margin: 0px;"><br /></span></span></div>
<br />
<div style="background: white; margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<span style="color: #444444; font-family: "symbol"; font-size: 10pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;">
</span></span></span><span style="color: #444444; font-size: 13pt; margin: 0px;">Citizens
will now have to fill out an application form stating the purpose of their
foreign purchase. The purpose cannot be real estate investment, but it
can be done for purposes such as travel, education and so on.</span></div>
<br />
<div style="background: white; margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<span style="color: #444444; font-family: "symbol"; font-size: 10pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;">
</span></span></span><span style="color: #444444; font-size: 13pt; margin: 0px;">Prepare
for a longer time to close deals with Chinese buyers.</span></div>
<br />
<div style="background: white; margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<span style="color: #444444; font-family: "symbol"; font-size: 10pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;">
</span></span></span><span style="color: #444444; font-size: 13pt; margin: 0px;">Chinese
investors continue to find ways around the controls. </span></div>
<br />
<div style="background: white; margin: 0px 0px 0px 96px; text-indent: -0.25in;">
<span style="color: #444444; font-family: "symbol"; font-size: 10pt; margin: 0px;"><span style="margin: 0px;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;">
</span></span></span><span style="color: #444444; font-size: 13pt; margin: 0px;">I
expect that the average purchase price </span><span style="font-size: 13pt; margin: 0px;">for
Chinese buyers <span style="color: #444444; margin: 0px;">will decrease in the next few years.
More middle income class Mainland Chinese are looking to invest in overseas
properties, and more second tiers cities </span></span><span style="color: #444444; font-size: 13pt; margin: 0px;">are being targeted due to budget and
capital controls.</span></div>
<br />
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<br /></div>
<div style="margin: 0px;">
<span style="color: black; font-size: 13pt; margin: 0px;">The real estate market goes through
cycles. Buyers who try to wait for prices to bottom before buying may miss
the opportunity to buy. My recommendation therefore is to think strategically
about when you want to buy and what kind of house you would like to buy and
decide the risks that you are willing to take. If you find the right house
for you, you may want to buy it now rather than wait for a market adjustment.</span></div>
<div style="margin: 0px;">
<br /></div>
<div style="margin: 0px;">
<span style="color: black; font-size: 13pt; margin: 0px;">For sellers, the market appears to have
reached a peak and prices have stabilized or are on the way down for some
cities. Therefore it is a good time to sell before prices go further down and
interest rates go higher and before the fundamentals in the economy change.</span></div>
<div style="margin: 0px;">
<br /></div>
<div style="margin: 0px;">
<span style="color: black; margin: 0px;">*<b>Please share my semi-annual report with your friends
who might be looking to buy or sell their home. As always thank you for your
support, I appreciate any referral</b></span><b>s<span style="color: black; margin: 0px;">
you send my way. I will be happy to answer any questions or discuss in
further detail the state of the real estate market.</span></b></div>
<div style="margin: 0px;">
<b><span style="color: black; margin: 0px;"> </span></b><b><span style="font-size: 18pt; margin: 0px;"> </span></b></div>
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<div style="margin: 0px;">
<span style="font-family: "calibri" , sans-serif; font-size: 11pt; margin: 0px;">SOURCES:
</span></div>
<br />
<div style="margin: 0px;">
<span style="font-family: "calibri" , sans-serif; font-size: 11pt; margin: 0px;">California
Association of Realtors, Leslie Appleton</span></div>
<br />
<div style="margin: 0px;">
<span style="font-family: "calibri" , sans-serif; font-size: 11pt; margin: 0px;">US
Dept. of Commerce, Bureau of Economic Analysis</span></div>
<br />
<div style="margin: 0px;">
<span style="font-family: "calibri" , sans-serif; font-size: 11pt; margin: 0px;">Statistics
are from MLS listings and do not include private sales</span></div>
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<b></b><i></i><u></u><sub></sub><sup></sup><strike></strike>Anonymoushttp://www.blogger.com/profile/12991338952129208739noreply@blogger.com0