THE FRIDAY 230310

Posted by David Leonard on Friday, March 10, 2023 at 5:55:57 PM By David Leonard / March 10, 2023 Comment

HI,

Oh Jerome, Jerome, Jerome. Why have you forsaken us?

Fed Funds Increases May Be Bigger and Go Higher

Yesterday Jerome Powell indicated that due to reports of a higher level of economic activity than expected, the Fed funds rate may go higher faster than previously indicated.

Home Listings Increase Across the US

Tis the season for it after all...but what does this mean for you?

Sausalito's Housing Plan Includes Building Homes on Lots Underwater

The State of California is serious as a heart attack about cities figuring out how to help build the target 2.5 million homes in California over the next 10 years or so.

YOU HAVE QUESTIONS...WE HAVE ANSWERS!

PRICE REDUCED PROPERTIES

SAN FRANCISCO

NORTH BAY

PENINSULA & SOUTH BAY

EAST BAY

Save $84,000 via Concessions

From Forbes:

Concessions have made a comeback as rising mortgage rates, inflation and economic uncertainty have dampened home-buying demand, giving the buyers who remain in the market increased negotiating power.

That’s a stark shift from the pandemic home-buying frenzy of late 2020 and 2021, when record-low mortgage rates fueled fierce competition, forcing most buyers to bid over the asking price and waive every contingency just to have their offers taken seriously.

Falcons at UC Berkeley Have Two Eggs In Nest, Third Likely Today

Just an update on the peregrine falcons atop UC Berkeley's Campanile: There are already two eggs in Annie's nest, and she's ahead of the usual schedule with the laying by a week or two.