Milpitas Real Estate Market Update 11-23-2017

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VIDEO OUTLINE 11-23-2017

1) Milpitas MLS Market Update
-13 pending sales
-new listings:
-601 Heath St 3bd 1ba 980sf 6,000sf lot size $835,900
-1564 Portola Dr 4bd 2ba 1528sf lot size 5500sf $1,098,888
Open House:
-1564 Portola Dr……Sat/Sun 12/02 & 12/03 1pm-4pm
2) Current Interest Rates
-4.0% 30 yr fixed conforming
-3.5% 15 yr fixed conforming
-4.25% 30 yr fixed jumbo
-3.625% 15 yr fixed jumbo
Economic News:
-Retail sales slowed in October, rising just 0.2%. This was down from 1.9% increase
registered in September, which was boosted by post-hurricane spending. Year over
year, sales were up 4.6%.
3) San Jose Mercury News Articles
-“South Bay Affordable Housing Projects Receive Funding”- 11/15/17
-4 projects for seniors and chronically homeless will split $28M in loans
The funds will be drawn from Measure A- the $950 million affordable
housing bond approved by voters last year. The first $250 million in
general obligation bonds was sold in October.
The projects are in Cupertino, Gilroy, Morgan Hill and San Jose…will
add 126 permanent supportive housing units to help individuals and
families with special needs obtain and maintain permanent housing.
-“The In-Demand Floor Plan for Multigenerational Households”- 11/19/17
-American families have changed a lot in the past few decades. But most
homes were built for the stereotypical household: two parents and 2.5 children
Today’s consumers are thinking about accommodations for both their aging
parents and young adult children who have not moved out.
-“Home Smart Home: Boost Your Home IQ With Smart Appliances”- 11/19/17
-Here are five things smart appliances can do to make your life easier:
1) Serve as your sous chef-preheat ovens, download recipes
2) Help with housework-loads of laundry,
3) Speed clean your home-clean ovens, start robotic vacuum,
4) Help you entertain effortlessly- tell your refrigerator to make more ice using
smartphone, turn on air-purifier, control air conditioner
5) Remember your preferences- the more you use your appliances, the smarter’
they remember
try- Google Home or Amazon Alexa for devices
4) City of Milpitas Updates
visit website: www.ci.milpitas.ca.gov