Market Update 12-08-2016

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1) Milpitas MLS Update
2) New Milpitas listings:
-1414 Gingerwood Drive $949,000 3bd 3ba 1705sf
-500 Alexander Wy $765,000 3bd 2ba 1268sf
-279 Klamath Rd, $755,000 2bd 21/2ba 1350sf
3) Current interest rates:
-4.25% 30yr fixed conforming limit
-3.50% 15yr fixed conforming limit
-4.50% 30 yr fixed jumbo limit
-3.625% 15 yr fixed jumbo limit
4) What does the rise in interest rates mean?
-for my family and me?
-influx of bank-owned homes about to hit the market?
-create a flood of listings on the market?
-a shift to buyer’s market?
-finally facing equilibrium?
5) “Top of the Class Neighborhood”
-why it pays to purchase a home in a good school district
6) New business permits issued, City of Milpitas
-Gooddolphin Technologies, LLC, IT development & consulting services
-Aerohive Networks, cloud networking company
-Progressive Technology Solutions, software consulting company
7) Lennar Communities-
-18 units 3-story 138 stacked flats condominium, located 450 Montague Expwy,
building cost $4M
8) Grand Opening for Service King- Collision Repair Center-S Milpitas Blvd, boasts
70,000 sf, one of the largest and most advanced collision repair facilities in
state of California
9) BART 85% complete


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