Friday, July 7, 2017

Microsoft's Layoffs Impact on Real Estate

Amazon Prime Day is fast approaching, US Long Term Rates are starting to rise, and Los Altos called Waze to complain about too many commuters cutting through their neighborhood, and Microsoft laying off due to a reorganization probably doesn't mean anything for Bay Area real estate, as long as other companies don't start layoffs as well. All this and more in this month's edition of Nathan's Newsletter.

Real estate inventories are at record lows. Check out the market update and infographic for details. Home values didn't rise or fall over the past 30 days, but competition remained fierce.

My Off Market Townhouse in Mountain View is going to be hitting the market in 4 weeks. See it now before anyone else.

Huge Off Market Opportunity!

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The STAR is the home! Fully remodeled townhouse coming in mid-June. Above picture is artist rendition. Everything will be upgraded from the studs inward using high-end materials and ultra-modern designs.  
  • Walking distance to Downtown Mountain View
  • Close to Google and short commute to Facebook and Apple
  • Perfect for a 1st home or investment
Seller would consider selling OFF MARKET
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Inventory levels across the entire Bay Area are at a 9 year low. As of this morning there is only 3 weeks of unsold inventory, meaning if no new properties come on the market for sale all the current for sale homes will be sold within 21 days. At the peak of the recession, the week of May 19th, 2008, unsold inventory was at 7,478 homes, with 197 closings for the same week. This would equal 38.0 weeks of inventory!!! See the infographic below for more market stats. Let me know if you need any advice on how to navigate the market or create a plan for the future. 

Send This Info to a Friend or Colleague

Amazon 'Prime Day' 2017 Deals Preview: Best Sales To Expect On Echo, Fire, Kindle, HDTVs

Amazon 'Prime Day' is back. After breaking sales records in 2016 it will be 25% longer in 2017 for a day-breaking 30 hours. Now in its third year Amazon has already created a predictable pattern for its retail bonanza regarding what it will reduce and by how much.
So here is your guide to get you ahead of the deals before they are...

Long-term US mortgages rise to highest level since mid-May

WASHINGTON — Long-term U.S. mortgage rates rose this week to highest level since mid-May.
Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate mortgages rose to an average 3.96 percent from 3.88 percent last week. It stood at 3.41 percent a year ago. The rate on 15-year, fixed-rate home loans, popular with homeowners who are refinancing their mortgages, rose to...

A Silicon Valley suburb turns to Waze to curb traffic and finds a bigger jam

Like many problems plaguing modern life, traffic is a daily nuisance that many are trying to fix with technology. From Uber and Lyft to autonomous vehicles to navigation apps such as Waze, tech firms keep searching for ways to deliver us from our daily commute.
One California town near Silicon Valley, Los Altos Hills, decided that tech was both the cause and solution to its traffic problems. It learned, however...

Microsoft begins latest round of layoffs amid reorganization

Microsoft has started cutting thousands of positions, mostly in its sales department, days after announcing it would shift its sales strategy to focus more on cloud services than on its traditional server and desktop businesses.
"Microsoft is implementing changes to better serve our customers and partners. Today, we are...





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Nathan Nahouraii
Referral Realty
1601 S De Anza Blvd Ste 150
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