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Celebrating 6 Awesome Years with Compass

 

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February 14, 2023

Good morning,

Super Bowl weekend is the unofficial kick-off to the peak spring home buying and selling season. The Fed has scaled down their rate hike to a quarter of a point is encouraging, as inflation data suggests the worst is behind us. The U.S. economy added 517K jobs in January, nearly 3 times more than the consensus expectation and the biggest gain since July 2022. At the same time, the unemployment rate fell to 3.4% - the lowest jobless rate in 53 years. 

 

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

Information + Updates

DID YOU KNOW? Chatter has emerged defining the economy now as experiencing a 'rolling recession'.....A rolling recession occurs when the recession only affects certain sectors of the economy at a time. As one sector enters recovery, the slowdown will ‘roll’ into another part of the economy. On the whole, rolling recessions occur regardless of nationwide or statewide economic recession, and the effects may not be in the national economic measures (e.g.GDP)

 

DID YOU KNOW?  Oklahoma had 562 earthquakes of magnitude 3.0 or greater in 2014; California had 180. Alaska, Texas, Hawaii, Oregon, and other parts of the US have seismic activity lesser known than California's. California's building has extensive codes related to mitigating future earthquakes. Japan, Chile, China, Italy, Mexico, Peru, Turkey and other countries vulnerable to earthquakes have adopted the technologies to varying degrees, especially foundations that absorb ground movement. Base isolators are like shock absorbers between the building and the ground motion, letting a building slide back and forth while remaining upright during a quake. Here is a seismic activity map

 

DID YOU KNOW?  A multiyear federal study concluded that fixing buildings after an earthquake costs four times more than building them more strongly in the first place. Apple's California spaceship headquarters is the Rolls-Royce of base-isolated buildings. (NY TIMES)

 

DID YOU KNOW? Tesla is launching Tesla Electric to become an electricity retailer through Powerwall owners, starting with markets in Texas where the company has moved its headquarters. Tesla is actively and automatically buying and selling electricity for Powerwall owners to provide a buffer against peak electricity prices. Smart grid Tech may make your roof a power company….

 

DID YOU KNOW? Saudi Arabia - one of the world’s largest oil producers - has a target of 30% of all vehicles in Riyadh to be powered by batteries by 2030. Saudi electricity generation is 40% from oil, 52% from natural gas and 8% from steam..... The Saudi energy company and Public Investment Fund will develop and build a 2,060 megawatt solar plant in western Saudi Arabia. In Texas - also a massive oil producer - ranks first in wind energy, generating nearly 3x as much as the next state... and is 5th in solar energy generation.

 

DID YOU KNOW? Canada has banned foreign buyers from buying real estate in their attempts to keep home pricing more accessible for locals......so builders have cut back construction.....which is certain to keep prices high and rising.....UGH!

 

DID YOU KNOW? A recent CEO survey revised the expectations of a deep recession from 13% to only 5%. 95% expect a mild recession. The big question is how the consumer holds up as consumer spending represents almost 70% of our economy. (CNBC)

6 Awesome Years

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And the Best is Yet to Come!

 

Six years ago, very few people from California knew anything about a company from New York called Compass. I was fascinated with their platform and was looking for something different in the brokerage business. I was among 20 other agents who took the giant leap to join a Real Estate brokerage that very few people knew anything about, but we believed.

 

I am connected with all of the other founding Compass agents through respect and admiration. We did it together. It has been a fascinating ride. Thank you for sharing it with me.

Analysis

WOW there are more homes for Sale in Emerald Bay than in North Laguna and North Laguna has 3 Times the amount of Single Family homes. Check out all the homes currently available in North Laguna. Click below.

Emerald Bay Market

Maura Short Just sold off market 517 Emerald Bay with multiple offers.

 

I loved representing this seller creating a win/win transaction.

 

Hilary Caston represented the buyer. Thank you Hillary, it was great working with you.

 

We now have this special property for lease

 

517 Emerald Bay - For Lease asking $25,000.

 

Only off market sales have closed so far this year - that says something!!!!!

New Lease Available

12 Month Lease

Winter Rental

For Lease

For Lease

There are currently 6 active homes for sale in Emerald Bay

ranging in price from $7,395,000 to $11,000,000.

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Work With Maura

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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