Market Update 11-17-2016

VIDEO OUTLINE
1) Milpitas MLS Update
2) New listings in Milpitas
3) Pending sales in Milpitas
4) Current interest rates:
-4.0%- 30 yr fixed (conforming limit $417K)
-3.25% 15 yr fixed (conforming limit $417K)
-4.375% 30 yr fixed (jumbo)
-3.625% 15 yr fixed (jumbo)
5) Building permits issued to:
-Lennar Communities – 5 story 351 multi-family unit residential ($89M)
-Lennar Communities- 138 stacked flat condominium unit’s residential ($2.1M)
-New business’ this week—-
-XL Construction
-BMI Products of Northern Calif
-RealWear Inc
-Forget Me Not
6) Bridge deck resurfacing–
-Paseo Refugion Bridge, N Milpitas Blvd Bridge, N Abel St Bridge,
N Abbott Ave. Bridge, N McCarthy Blvd Bridge, Ames Ave Bridge
7) After the Bell (after school programs) at:
-Burnett, Curtner, Spangler, Weller, Zanker schools
8) Thursday December 1st- 6:30pm, Tree Lighting Program at Milpitas City Hall
9) BART 85% complete

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