ICYMI: In an ongoing quest to fight inflation, the Federal Reserve recently raised its benchmark rate by 0.25 points to 4.75%-5%. So what does that mean for the housing market? The primary impact is reduced demand as buyers think twice about taking out long-term loans. Ironically, less demand could lead to lower home prices.
The Skimm explores this conundrum.
Governor Newsom announced that he’s ending the call for a statewide voluntary 15% reduction in water use in place since July 2021.
Meanwhile, local water agencies that were expecting just 35% of requested supplies from the state are now on tap to get 75%.
The 3.1 million acre-feet of water that will provide equates to more than double the original projection of 1.4 million acre-feet.
*In case you’re wondering, an acre-foot is about 326,000 gallons!
Here’s more on the story from the LA Times.
The bomb cyclone hasn’t put a permanent end to California’s water woes. But with restrictions rolled back, what are you looking forward to doing with a little extra water?
I don’t know about you, but I’m ready for a long, luxurious, and languid trip to one of my favorite places: the shower! Two years ago, I cut back on bathing time to help reduce our water consumption, but speed showering often made me forget to clean a body part or two. And even though I promised Kevin I won’t stay in there all night, it will be nice to take my time.
I mastered the art of the five-minute shower back in college, so I’m more excited about cleaning the house than scrubbing behind my ears. I’m planning to give our entire home a thorough once-over with a bucket, a mop, a sponge, and a good podcast on my wireless headphones. While I’m at it, I might even clean the shower — if Pearl ever decides to come out again!
The rapid collapse of Silicon Valley Bank has sent a chill through Silicon Valley, including the real estate industry. Buyers are more hesitant to take on the risk of a new loan, which means properties could be sitting on the market longer than expected. Want to know what happened and how we can avoid another big bank failure? CNN explains.
More than 20,000 workers in the tech sector have lost their jobs in the past 6-8 months, and you more than likely know someone who’s been affected. According to a Mercury News report, open listings are down as much as 53% from pre-pandemic times for software positions and 37% for IT roles. But while some tech giants are downsizing, they’re still bigger than they were before COVID.
