Happy Memorial Day


May 30, 2022
Good morning,
It has been a very difficult past week for all of us from the tragedy in Texas, the loss of Mr. Duddy, many of our kids' elementary principal. Times like these really remind us of how precious life is. We are reminded that “This storm will pass.” We have so much to be grateful for.
Active listings have been heading into the right direction since the beginning of the year. Seeing more listings available for sale is encouraging since supply has been super tight in the last two years.
Prospective home buyers are showing resiliency to higher interest rates as mortgage applications increased for a second consecutive week despite interest rates rising to their highest level since 2009.
I hope you have a happy Memorial Day as we remember all our heroes who have left us while fighting for our country.
Information + Updates
Did you know? Nebraska, Utah, Oklahoma and Arkansas are experiencing historically low unemployment rates in the US, around 2%. Often with low unemployment rates comes higher inflation: Arizona and Georgia have record-low jobless rates and solid wage growth, but major cities in these states are also confronting inflation that exceeds the national rate of 8.3%. The Phoenix and Atlanta metropolitan areas saw consumer prices rise by 11% and 10.8%, respectively, in April. Hawaii and Nevada - the two states' employment figures most negatively impacted by COVID - have almost fully recovered too, both under 5% now. (WSJ)
Did you know? According to the National Cyber Security Alliance, 60% of small and mid-sized companies go out of business within six months of being hacked.
Did you know? The power of technology: the Port of New York handled nearly 5 million containers in 2021, up from 3 million in 2000, up over 66%! The port employed 36,000 workers in 1958 but now has just 5,801 workers as of June 2020. The 'PORT CRISIS' we heard so much about a few months ago seems to be waning too.... The total number of container ships waiting for berths at U.S. ports has dropped by 47% since peaking in early February. The Ports of Los Angeles, Long Beach, and New York/New Jersey - the top 3 for container volume to the U.S. - imported 260,000 more containers in March versus February, a 12% increase and the all-time highest month. (FT)
Did you know? Williams Sonoma - owner of Pottery Barn, Rejuvenation, West Elm, etc - Q1 results were STRONG indicating the consumer is still focused on spending on their homes. (CNBC)
Did you know? In March, mortgage lenders made $2.36 in profit on every $100 of a loan, the smallest amount since 2019, according to the Urban Institute. In 2020, that figure was as high as $5.99. Mortgage volume is expected to fall 37% in 2022, according to the Mortgage Bankers Association, driven by the drop in refinancings. (WSJ)
New Lease Listing
Available for the month of August and then September-June
For Lease
For Lease
Summer Rental July-September
The Emerald Bay Market
There are currently 3 active homes for sale in Emerald Bay
ranging in price from $6,950,000 to $48,995,000.

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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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