Blog

103 Years Ago ...

 

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May 6, 2023

Good morning,

The number of homes available for sale continues to tighten as fewer new listings are failing to replenish inventory. All signs point to a market with solid demand, which should help bolster sales through the homebuying season, but tight inventory will prevent a rapid rebound.

 

If you have any questions regarding our local housing market, please reach out. Have a terrific weekend!

Information + Updates

DID YOU KNOW? 

Today we celebrate the coronation of King Charles III in London .....or the already crowned KING OF CAPITALISM - Warren Buffet - who starts his all-day Omaha Nebraska Annual Extravaganza that celebrates American Commerce.....at the age of 92! Both events will have tons of nick-nacks for sale and both demonstrate how they are commercial, economic powerhouses, besides all the pomp and ceremony. Berkshire Hathaway, the conglomerate that also owns multiple brokerages - bought with deep multi-billion-dollar pockets - generated $302 billion in 2022 via its over 360,000 employees and the Royal Family of the UK generates almost $2 billion per year in economic activity at a cost of about $100 million, a public relations powerhouse!

 

DID YOU KNOW? 

“The only person who seems to not know inflation is going down is Chairman Powell and his merry band of Fed governors,” - Barry Sternlicht, Starwood Earnings Call

 

DID YOU KNOW? 

Could APPLE lower your insurance premiums? The APPLE Airtag is now being encouraged by New York's mayor for crime prevention attached to your car so that in the event of a theft cops can trace the car fast. Could this bring down crime ....and insurance premiums? Could this assist with lots of other types of thefts?

 

DID YOU KNOW? 

If you install a security camera, your home is 300% safer from break-ins than a home without a camera. Criminals don't want to be watched or recorded-this is one of the major reasons they are so effective. Ring has partnered with over 2,000 police departments across the US allowing police to request access to customers’ video footage to help in investigations. (ADT)

 

DID YOU KNOW? 

New York and California lost over $90 billion in income during Covid, according to new IRS data. It accelerated the trend of high-earners relocating to lower-tax states like Florida and Texas. The income losses for California and New York in 2021 were more than 3X their combined losses in 2019, before the pandemic took hold in the U.S. (CNBC)

 

DID YOU KNOW? 

What did Signature, Silicon Valley Bank and First Republic Bank all have in common? The same accounting/auditing firm, KPMG..... In all three cases, KPMG gave the banks’ financial statements a clean bill of health as recently as the end of February. (FT)

 

DID YOU KNOW? 

10th time lucky? The FED raised its rate again this week, the 10th time in about a year, and signaled a pause..... PacWest shares plunged 50% as the impact of rapidly raised rates took effect damaging regional banks. The US regional banking system is at risk and the US regulator's failure to update and expand its insurance regime is simply silly. Most would be willing to pay a small insurance premium to insure deposits above a certain point. (WSJ)

103 Years Ago

Oh, Those are the Good Ole Days!!!!!  

 

A Rare 1920 image showing of Smithcliffs (formerly known as Howardcliff) The house on the point was called the Dobbins house and behind it called the Lowe House. Photo Courtesy of First American Title.

Science

Fossils are Helping Chapman University Students Find new Passions  

 

Chapman University Students are uncovering the bones of a 78 Million year old Dinosaur.

Read More

Health + Technology

AI-Powered Wearables Could

Identify User’s Mental Health

 

Wearables such as the Apple Watch may remotely monitor and assess a user's mental health. Are we waving goodbye to mental health questionnaires and hello to AI-powered wearables soon?

Read More

Fun Facts about the Royal Family

 

Charles was 4 years old when his mother was crowned Queen of England.

 

The name Windsor came from a castle.

 

Windsor Castle has been an off-and-on home for British royalty since William the Conqueror founded it nearly a millennium ago.

 

Queen Elizabeth II has a long royal lineage.

 

It goes all the way back through William the Conqueror, the Norman Duke whose conquest of England was an important turning point in European history.

 

Queen Elizabeth and Prince Philip were cousins through multiple familial ties, in fact. Depending on how you look at it, the husband and wife were either third cousins, or second cousins once removed.

 

Prince Charles is the longest waiting heir apparent to the throne in British history—and will be the oldest British monarch ever to be crowned.

 

Elizabeth II wasn't born an heir to the throne.

 

Elizabeth’s seven decades as Queen are especially notable since she wasn’t born an heir apparent to the throne. And she would have never become Queen if her parents had sons. It was only with the Succession to the Crown Act of 2013 that female heirs to the throne are no longer passed up in the line of succession by their younger brothers.

 

Buckingham Palace was bombed during World War II—and the royals were there.

 

Even the royal family wasn’t entirely shielded from the tumult of war: Buckingham Palace was bombed in September 1940. The King wrote about the bombing in his diary.

 

Tiaras are generally reserved for married royals.

 

Most unmarried royal women aren’t supposed to wear tiaras. Unless you were born a princess, tiaras are basically the headwear equivalent of a wedding ring, signifying a royal woman’s relationship status.

 

Prince Charles dated his second wife before meeting his first wife.

 

Prince Charles famously dated his future second wife, Camilla Shand, now Camilla, Duchess of Cornwall, years before meeting Diana. (Town and country)

 

Kate and William have their own pseudonyms for traveling incognito.

 

Similarly, it’s been reported that Kate and William had sometimes traveled under the names Daphne Clark and Danny Collins. Checking into a hotel as Duke and Duchess of Cambridge would presumably invite unwanted attention. (Cosmopolitan)

 

Emerald Bay Market

Coming Soon

 

New listing Coming Soon on the old hill… Call for details.

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For Lease - Corona del Mar

Just Leased

There are currently 4 active homes for sale in Emerald Bay ranging in price from $7,149,000 to $11,995,000. Six homes have closed from $6.2M - $9.9M (including 2 pocket listings).

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Maura Short is known for her strong work ethic, broad industry know-how, and passion for architecture, in addition to her extensive network, confidentiality, and moral code. Combined with her wide-ranging local expertise, all of these assets result in favorable outcomes for both buyers and sellers under her care.
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