Market Update 12-01-2016

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1) Milpitas MLS Update
2) New listings this week in Milpitas- none
3) Pending sales Milpitas-
820 Pheland Ct, $858,000- 4bd 2ba 1504sf 7 days on market
4) Current interest rates:
-4.125% 30 yr fixed- conforming
-3.375% 15 yr fixed- conforming’
-4.375% 30 yr fixed- jumbo
-3.625% 15 yr fixed- jumbo
5) The female home financing advantage (SJ Mercury News)
15% of homebuyers in 2016 were single women
Men may earn higher wages, but women are better managers of money
Carefully examine your spending plan, how much you need for down payment
and how much home you can afford
Best time to get pre-qualified for home purchasing/ credit rating score
6) BART now at 85% completion!
7) Century Theaters in Great Mall, building permit renovations $2.4M
Dick’s Sporting Goods- Great Mall $12M
Gmems Technologies- R & D business specializing in MEMS sensors moved here
from Santa Clara
8) Traffic delays………
-S Milpitas Blvd….Pulte home construction
-McCandless Dr….Harmony home construction
-Los Coches St….Orchid home construction
-California Circle/880……Waterstone home construction
-Piper Dr/Garden St…..KB homes construction
-Great Mall Parkway…..Lyons homes constructoin


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