Low Inventory + High Demand Continues


April 5, 2022
Good morning,
Home sales, employment, unemployment claims, and market competitiveness remain robust, though mortgage rates have risen.
According to NAR’s latest home buyers and sellers generational trends report, the Millennials bloc, now aged 23 to 41, are accounting for more transactions than any other age group: 43% of home sales.
Baby Boomers make up largest share of home sellers at 42%, the share of Millennial sellers is on the rise increasing 4% points over last year to 26%
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Information + Updates
Did You Know? Americans can expect to inherit $72.6 trillion over the next quarter century, more than twice as much as a decade ago, in the latest indication of how soaring markets are poised to bolster the next generation of the ultra-rich. Almost 50% of all U.S. wealth transferred from the end of 2020 through 2045 will come from the top 1.5% of households, according to estimates. Using trusts and other techniques, the wealthiest Americans can shield the bulk of their fortunes from the federal government’s 40% estate and gift tax levy.
Did You Know? Is the new look for a man's suit to wear one without a shirt? It appears so if you have been watching the recent Awards Shows.....hopefully this look does not make its way to real estate land.....yikes! (WSJ)
Did You Know? Elon Musk just became Twitters biggest shareholder. I love following him on Twitter and the man never ceases to amaze me. (Time)
Did You Know? Are higher interest rates having their desired effect already? The top-selling car makers Toyota and GM saw Toyota’s U.S. sales slide nearly 15% in the just-ended quarter, while GM was down roughly 20%. Not unlike the real estate world, inventory shortages are the problem: In the first quarter, 41% of all new vehicles were sold within the first week of sitting on a dealer lot, compared with 20% in the first quarter of 2021. Semi-conductor shortages are mostly to blame. New COVID shutdowns in China won't help. (WSJ)
Did You Know? Driverless cars will soon become a more common sight in San Francisco. Waymo, Google’s sister company, is sending fully autonomous vehicles onto the streets of the city, marking its first attempt to send cars without any human control into a major metropolitan area. (WSJ)
Did You Know? New surveillance technology — whether it’s the ability to track drivers via license plate readers or monitor the neighbors with doorbell cameras — promises to both fight crime and stoke fears of discrimination. Short-term rental platforms have transformed local tourism economies and exacerbated housing affordability and gentrification. Shared mobility apps and delivery services have brought a similar mix of positive and ill effects, providing a lifeline for urban residents during the pandemic but also snarling traffic and adding vehicle emission as they undergird a low-paying gig economy. (BLOOMBERG)
Did You Know? In the U.S, there are 1.5 million miles of lead pipes still in the ground, and about 750 water main breaks a day.  Source makes a hydropanel that takes in water vapor from the air and packs it into a form that’s about 10,000 times more concentrated than in the atmosphere. Using the warmth of the sun, the system converts the molecules into liquid water, which is collected in a reservoir inside the panel and then released as pure water. Unsafe water kills 1.2 million people per year. (CNBC)
Market Update
While there is so VERY little inventory in Orange County and no homes for sale in Emerald Bay, we have still been very busy! In Emerald Bay 4 homes have closed this year (1 was off Market) and I have been privileged to be party to 2 of those transactions. 
See below properties that have closed this year… 
Last week 933 Emerald Bay Sold for $6.925M and closed in 3 days…...
Off Market Sale
I loved representing these seller and creating
a win win scenario for both parties involved.
Just Sold
For Lease
For Lease
The Emerald Bay Market
There are currently no active homes for sale in Emerald Bay.

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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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