Mortgage Rates Back Above 6%, “Coming Soon” Lawsuits, and Santa Clara County Property Tax Appeal Fees
The host reviews mortgage rates rising back above 6% (around 6.11%) and connects higher borrowing costs and inflation pressures to global events and oil prices, while noting pending home sales are improving despite buyers remaining picky. He argues adding air conditioning can be a strong ROI upgrade, claiming homes with A/C often sell $60,000–$120,000 more than comparable homes without it. He highlights three featured listings: a $3M Cupertino home in the hills near Deep Cliff, a $2.3M Willow Glen home affected by San Jose’s higher transfer tax, and a $22.5M luxury property in Diablo Canyon.
Mortgage Rates Jump Back Above 6% As Pending Home Sales, New Listings Post Small Improvements
South Bay property owners to pay fee for assessment appeals
PROBATE AND ESTATE SALES
Cupertino Home of the Week
Willow Glen Home of the Week
Luxury Home of the Week
How your Home will be Marketed
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00:00 Market Update Kickoff
00:30 Mortgage Rates Back Above 6
01:14 Why Rates Are Rising
01:46 Buyers Are Picky Now
01:59 Air Conditioning Adds Value
03:14 Cupertino House of the Week
04:07 Willow Glen Pick and Transfer Tax
04:43 Luxury Listing Tour
05:19 Off Market Listings Controversy
09:09 Maximizing Listing Exposure
10:07 Santa Clara Property Tax Appeal Fees
12:00 Bay Area Sales Report and Outlook
14:31 Wrap Up and Sign Off