Evergreen East Valley Real Estate Marketing Group - EEVREMG

https://www.msn.com/en-us/money/companies/california-s-20-hour-wage-hike-leads-to-10-000-job-losses-report/ss-BB1nKvRk?ocid=ocid

California’s $20 Hour Wage Hike Leads To 10,000 Job Losses, Report California had more than 540,000 fast food workers, according to 2022 reports, but a $20 wage hike reportedly left 10,000 people unemployed. The controversial AB 1228 law that went into effect on April 1 was championed as a victory for workers, but as predicted, it came with many side effects,

You've Heard The Saying...
Sometimes; "Less Is Best".

Real estate agents are fleeing the field. Is that good for homebuyers? Real estate agents across the United States have been leaving the industry in droves, shrinking a field that consumer advocates and experts say became bloated during the pandemic-era housing boom.

Interesting Read...

Realtors Partied, Spent Big and Lobbied Hard. Then It All Came Crashing Down. The National Association of Realtors has long been one of the most powerful forces in politics. Two years of reckonings now have it teetering on the edge of irrelevance.

Housing shortages are not helping matters. In fact; its making things worse.

MSN

Make no mistake; Calif is the 5th largest Econ today because of its membership in the USA federation, which is First with Ca in it and not because of anything on its own.
It’s deep ocean ports, pacific rim position, great weather all contribute.
Most recently, political meddling through over taxation, over regulation, one party system, one sided views on labor and industry have put a limit on future growth in this state.
Losing population and under utilization of natural resources (over dependence of electric/solar) is taking a toll on the Calif economy.
With all that said; 6th behind India but still 1st with the USA isn’t all that bad.

https://centerforjobs.org/ca/special-reports/special-report-california-risks-slipping-to-6th-largest-economy #:~:text=California%20Still%20the%205th%20Largest%20Economy%20by%20Current%20GDP,-At%20a%20preliminary&text=At%20its%20current%20rate%20of,the%20October%202023%20IMF%20results.

Special Report: California Risks Slipping to 6th Largest Economy - Center for Jobs The Center for Jobs and the Economy has issued a special report on California’s Q4 2023 GDP growth, which although rising, continues to lag behind the national average, signifying ongoing economic challenges for the state. Despite maintaining its position as the 5th largest economy, California fac...

Dave Ramsey says its a great time to buy a home.
Some Experts say no.
This Expert says YES!

Dave Ramsey: It’s a great time to buy a house. Experts: Not exactly. For the last several months, personal-finance guru Dave Ramsey has been telling aspiring homeowners that it’s a great time to buy a house — even though monthly housing costs are at a record high.

Let’s support Mayor Matt, RSVP HERE:

https://r20.rs6.net/tn.jsp?f=001xLYtE-NwzDequKwKzmnbUk5jZSaFEaP8BwSnkOoqgUCp4KoK9A8ECtdKadentgAGnjThVIfDBoL1NoVO6rTEtmXHfMtrhRoO_ISO6N1B-EZGX2QdR6DIPGldNWewtH53MNl7twcUDlGIcNs7MOy9THiCHdj0Vfi2JAQUppGaMK7a-0mucyeEREowHmszk4twlNlF5iua_-Ydb1Uh2dz-oFXHy8RalGpBlOshB1FKTo14s_iMgJC9GXnVrP6MHqj13A4QqoK6nJvcciLKXvDEOcX9lbuLgSdPA5FynILDmGcsPHdjHnfDfwMoN1YunCbIq8268SvW1PR84NUnTk1KkA==&c=0fl6jkC71P7A5f4NJp5HO0bW1tHFvpNGLkxzxMLuSX9dAu-xeGdrug==&ch=k3PGTbJQN_FQOv_6t4A3Mcifl4shRqAFIU997nLlmMSfbp9n4PoKnQ==

Are Solar Panel Systems on your Roofs worth the investments today?
The answer is a categorical, NO.

Is it still worth investing in solar panels? Experts weigh in | The LA Monitor By Roxana Popescu | San Diego Union-Tribune A little over a year ago, the California Public Utilities Commission overhauled the rules for rooftop solar

Buying a Home is not for the faint of heart. So much goes into the legal E's with documents and disclosures that protect Buyers during important negotiation and rescission time lines that it would be foolish to enter into a contract to buy a home without a Realtor to guide you and get you through the process. Sure a Sellers agent can help a buyer, but his fiduciary duty is to his client first and foremost. Buyers agents are important. Sellers agents are important. Don't go through the process without them.

Realtors Are in Crisis—and Home Buyers Could Be the Winners A wave of lawsuits over fees paid to agents has put the giant trade association on the defense; “It got arrogant,” said one real-estate executive.

REPEAL THE DEATH TAX IN CALIFORNIA!

We have two weeks to get this back on the ballot. If you erroneously voted to pass Prop 19 and ended up giving your Children a Property Tax Burden via Reassessment at time of death, here is your opportunity to correct it.

Do this TODAY! We have to collect enough signatures by January 15th.

Repeal the Death Tax Protecting Prop. 13 for our children.

Not In Your Wildest Dreams!

San Jose, San Francisco home prices expected to drop in 2024, Zillow predicts Home prices in the San Jose and San Francisco markets are expected to drop over the next year, according to Zillow.

Buyer Broker Agreement Training FREE ONLINE ANYTIME: (code: FREE25)

Buyer Representation Forms - ONLINE ANYTIME This is an online course that you take at your own pace. The course is available 24/7. C.A.R. Members - here's how to access this course for FREE!1. Log in to this site by clicking on Account at the top of the screen and entering your username and password OR by visiting car.org and clicking the sho...

Here Comes Another Lawsuit!
The way Residential Real Estate sales are conducted will be changed, Forever.

How real estate agents get paid at issue in high-stakes Georgia lawsuit A class action lawsuit filed in a Georgia federal court that’s modeled on one that resulted in a huge judgment against brokers in Missouri threatens to shake up the local housing market, mainly by revamping the way that real estate agents for homebuyers are paid.

https://www.dailymail.co.uk/yourmoney/housing-market/article-12763173/Mortgage-free-America-Share-homes-owned-outright-rises-time-high-thanks-ageing-boomers-paying-record-low-deals.html

Share of Americans that own their homes outright reaches all-time high The share of US homes that are owned outright increased by 5 percent over ten years to an all-time high.

The Real Estate Industry has just been dealt a kind of death blow! This is a para-dime shift of altering industry proportions. The industry will be shaken and be forever changed. Good Yuck! ... ... ...

US jury finds realtors liable for inflating commissions, awards $1.78 billion damages By Mike Scarcella and Jonathan Stempel (Reuters) -A U.S. jury on Tuesday found the National Association of Realtors and some residential brokerages, including units of Warren Buffett's Berkshire Hathaway, liable to pay $1.78 billion in damages for conspiring to artificially inflate commissions for h...

A Must Read!

Real-Estate Commissions Could Be the Next Fee on the Chopping Block Commission rates for selling a home haven’t really budged in decades but two class-action lawsuits and antitrust pressure could change that.

8% Mortgage Rates Are Here, just as I said they would be.
Now 10% range in the coming months ahead. WATCH!
Don't Wait To Buy or Sell a home, NOW!!

The 30-year fixed mortgage rate just hit 8% for the first time since 2000 as Treasury yields soar Mortgage rates are climbing, sending applications lower, as U.S. Treasury yields soar.

This looks like a great event!
Free with lunch included

"Learn how to build a strong personal brand that drives business
using social media"

Nov 2, Thursday, 9am-2pm
Almaden Winery, 5730 Chambertin, SJ

Register:

Connect Event Connect Social Media Mastermind connect withyour audience Learn how to build a strong personal brand that drives business using social media Seats are limited, so reserve your spot NOW! learn from industry leaders Alec Hanson Chief Marketing Officer at loanDepot and Headliner Eric Joyce EJP Photogra...

Buy or Sell Your Home NOW! Don’t Wait!
“This may be the most dangerous time the world has seen in decades,” JPMorgan Chief Executive Officer Jamie Dimon said.
Still, bankers have been warning of a looming economic slowdown for much of the year. They admit it hasn’t come yet. The US economy is still pretty resistant! Employment is good. Spending is still up as is inflation... So....
The Feds will raise rates higher over their next few meetings. We could be in the 10% Mortgage Rate range in Mid 2024, is my take on things.

Big Banks Say Trouble Is Coming, but Their Earnings Are Still Strong Higher interest rates are making lending by the nation’s largest banks more profitable, while consumers and the economy remain surprisingly strong in the face of rate hikes.

So have you seen who is sponsoring our OKTOBERFEST event on 10/4?

This can be a good thing for many on this side of the world. ... ... ...

Mexico has either just overtaken China as leading exporter to U.S. -- or it's had title all year Two reports measuring trade both show China has lost the crown as top exporter to the United States, to Mexico.

Cheer, Beers, and Brats! Join us on October 4!

Register here today:
http://events.constantcontact.com/register/event?llr=75vbr7cab&oeidk=a07ejxd81qtcd530748

Is this just one other reason why the number “8” is used in home pricing, besides the other reason? Or are they related?
Asking for a realtor friend.

Our great city of San Jose is ranked the 2nd best place for families to live!

San Jose ranked 2nd best US city for families, report says Making it in the Bay Area can be difficult, especially with the high cost of living and housing. But that cost might be worth it for families in San Jose, according to a new article from the U.S. News and World report , which ranks the city as the second-best place in America for them. Making It in....

How many of you Realtors or Buyers really experiencing this "Price Drop".
Do tell. I'd say NONE! At least in our Valley.

Bay Area housing market experiencing price drop The Bay Area's housing market is experiencing one of the steepest price drops in the country. A new analysis from "Smart Asset" shows that 13 Bay Area cities were among a list of the top cities in the U.S. where home prices are declining. KTVU's Claudine Wong speaks with Oakland real estate agent De...

Recession? What Recession!
The Feds mandate of low employment and inflation are a farce. They can no longer manipulate the markets in such a short time as before.
So. recession just does not seem to be in the forecast of late with strong jobs report and plenty of job openings and the pulling back of inflation.
Baring any global calamity or some bubble burst (banking is still an issue) lets see what happens in 6 months.

Economists See US Recession Odds at 50% or Less in New Survey A strong majority of business economists now say the odds of the US entering a recession in the next 12 months are 50% or less, according to a National Association for Business Economics survey.

Job growth is not a deterrent to home buying as it once was 6 months ago.

Bay Area hiring surges in June, powered by big South Bay job gains The Bay Area economy added jobs at a sturdy pace in June, raising hopes that the region’s employment picture is turning brighter.

San Jose has the highest rent in all of the USA at $3411 per month.

Rent in this California city exceeded San Francisco's for the first time. Here's how much it costs per month San Diego had the third most expensive rental market in June, with an average monthly price of $3,175, exceeding San Francisco’s rent at $3,168.

Both Boomers and Millenials are leaving San Jose. One reason we fell from 10th to 12th largest city in the USA.

Baby Boomers and Millennials are Moving, But Not to the Same Places "Domestic migration continues to be a key theme shaping the housing market," said Anna Zhou, economist for Bank of America Institute.