Market Update 11-24-2016

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VIDEO OUTLINE
1) Milpitas MLS Update
2) New listings in Milpitas this week
3) Pending sales in Milpitas this week’
4) Interest rate update:
– 3.875% 30 yr fixed (conforming limit)
– 3.35% 15 yr fixed (conforming limit)
– 3.5% 30 yr (jumbo)
-3.0% 15 yr (jumbo)
5) Job market rebounds in Bay Area
-4,800 jobs added in October
-4,200 jobs in Santa Clara County
Economic boom still on tract! no fears of slowdown…..
6) New permits issued in Milpitas this week
-Northland Controls, security management/integration company/ $1.9M
-Anuta Networks International LLC, software development company
-Sintron Technology Corp, general office for computer service
-Vennsoft Inc., computer programming consulting business
7) Aquatic Programs- enrollment for Milpitas Tidal Waves continues to grow…developmental and
junior teams accepting enrollment
8) BART- 85% complete
9) McCandless Park Project- provides for a new public park, adjacent to the new elementary
school, will be 4 acres and includes play fields, athletic courts, parking, picnic area, play
structure and restrooms, drawings being done for construction
10) Electrical Vehicle Charging stations located at city hall parking lot and library garages

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