“I would rather make mistakes in kindness and compassion than work miracles in unkindness and hardness.” – Mother Teresa
May you get outside, enjoy the fresh air, and spend quality time with loved ones over the weekend. We thank you for all the support you provide to our business year-round.
I am always available if you have any questions about the real estate market, so please do not hesitate to contact me by phone, text, or email.
See you soon,
Joujou
Diablo Magazine
This issue of Diablo features Joujou on the inside cover!
Click here or on the image below to flip through the digital magazine.
Market Watch
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Nearly 10% of U.S. homes were valued at $1 million or more in June, a share close to last summer’s all-time high and up from a 12-month low in February. (AXIOS)
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Is a new city about to be built in Northern California? Flannery Associates has been buying large plots of land in a largely agricultural region 60 miles northeast of San Francisco. The company has committed more than $800 million to secure thousands of acres of farmland and convert it into a community with tens of thousands of residents, clean energy, public transportation, and dense urban life. (NY TIMES)
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Lumber prices are up: Might the Federal government consider eliminating its 8.99% tariff on Canadian lumber to help bring down home construction costs? The tariff is half of what it was in 2018 but inflates lumber prices.
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Fewer than 5 million people have federal flood insurance. Even in the highest-risk areas, on average 30% of homes have policies. (WSJ)
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Over the past 7 years, the total number of renter-occupied housing units in America has increased by just 275,000, per the Census Bureau. Meanwhile, the number of owner-occupied housing units has increased by 11,055,000.
