Officially the FOURTH QUARTER of 2020


October 7, 2020
Good Morning,
New home sales recently rose to 2006 levels as interest rates remained near historic lows with a contract rate that averaged just 2.9%. This is also evident in buyer demand, as requests for private showings were more than 150% above 2019. In addition, consumer confidence had its largest one-month gain in more than 17 years. This is important because consumer spending makes up roughly 70% of the economy.
We have officially entered the FOURTH QUARTER of 2020!
May it PLEASE be better than the first three!
Have a great day!
Information + Updates
Did You Know? As predicted, Housing is experiencing a V-shaped construction and sales of homes unleashes a wide range of economic activity, such as purchases of home furnishings and building materials-purchases that have far-reaching secondary and tertiary effects....and could be a driver of the overall economic recovery. Much still depends on the health of the jobs market. (Seeking Alpha)
Did You Know? Want to know more about the California real estate market: Read this FORBES ARTICLE where COMPASS' Mark McLaughlin speaks fluently on the subject!
"Absorption in all its forms kills empathy, let alone compassion. When we focus on ourselves, our world contracts as our problems and preoccupations loom large. But when we focus on others, our world expands. Our own problems drift to the periphery of the mind and so seem smaller, and we increase our capacity for connection - or compassionate action.”
 ― Daniel Goleman
Did You Know? In 2015 New Jersey-based Billionaire hedge fund manager David Tepper, moved to Florida causing a substantial hit to New Jersey’s annual tax revenue and messaging to high-tax states that billionaires can leave when taxes become too emerged this week that David is once again a New Jerseyan, according to one of the state’s top elected officials. California needs to listen to this…... 
Did You Know? Former Zillow Group CEO Spencer Rascoff and dotloop founder Austin Allison are teaming up on a new startup called Pacaso that aims to make it easier for more people to own a vacation home, an entirely new category of second homeownership. Pacaso also raised $250 million in debt financing to purchase homes. There are 30 million second homes across the U.S. and Europe, but they are only occupied 4-to-6 weeks per year on average. Some decide to split up ownership between multiple parties, but the process can be arduous and complicated, especially when an owner decides to sell his or her stake. Pacaso will attempt to take all of those hassles associated with the traditional do-it-yourself process, and all of those risks, and eliminate them. They plan to increase utilization of these properties — and build their own business in the process. (GEEKWIRE)
Did You Know? 4 MILLION acres of land have burned so far this year in wildfires in the USA, the size of all of Connecticut.
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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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