These charts show that interest rates just hit their highest weekly average since 2008.
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The stock market is extremely volatile and might alter at any time.
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Despite a little decline from July, the inflation reading still disappointed the financial markets by remaining very high. A three-month rolling average is shown in this graph.
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The most significant factor in the 2008 crash was that tens of millions of households bought or refinanced homes with loans they could not afford once the "teaser" rates expired - due to predatory lending, Wall Street flimflammery, and promises of never-ending appreciation. Due to the large accumulation of unmanageable debt, many homeowners were forced into short sales or foreclosures, which flooded the market. This is not the case in 2022.
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FIRST OPEN HOUSE
Sunday, September 18th
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This south-facing Homestead Valley home is bathed in natural sunlight and offers gorgeous valley views and privacy. The Stolte Grove of redwoods is just steps away. Well-known open-space trails are nearby which lead to Four Corners, Muir Beach, Mt. Tam, Stinson, and many other natural wonders that Marin County offers. The Homestead Valley Community Center and Pool are close at hand.
This is an elegant Mediterranean-style home with a low-maintenance clay tile roof and stucco walls. Mature plantings including trellised flowering vines, lemon and olive trees, bougainvillea, and other lush plants give this home a resort-like feel. Rebuilt from the ground up in 2000 this special home is a rare find. Your family will stay connected with a terrific open floor plan and a wonderful relationship with the outdoors!
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Nestled within a canopy of old-growth redwood, this spectacular custom home boasts panoramic views of the Pacific from its perch on the Mendocino coastline. A secluded haven that receives calm, wind-free days within the “Banana Belt’s” sunny embrace, the hilltop hideaway spans three legal parcels of land and affords access to a private beach minutes away...
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4 BD | 2 BA | 1,839 SF | 9,469 Lot SF
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Listed at $2,650,000
Within highly sought-after Homestead Valley, dotted amongst fragrant lavender, olive trees, and paved pathways, this charming home echoes with decidedly Mediterranean influences. Flooded in sunlight, the large flat lot offers tremendous privacy in a quiet cul-de-sac location.
Reminiscent of a European garden, a beautifully landscaped front yard leads to the entry staircase. Across the threshold, a sophisticated living room features hardwood flooring, a traditional wood-burning fireplace, and French doors that open to a Juliette balcony, welcoming tranquil breezes.
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2 BD | 1.5 BA | 1,254 SF + undeveloped bonus spaces + Panoramic views
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Sold for $1,900,000, 2.6% below the asking price
It's been a pleasure representing my buyer in purchasing this with unmatched stunning panoramic views, extra bonus floor, and additional spaces for development, this peaceful light-filled private retreat is one of the most mystical settings overlooking precious protected open space and the Pacific Ocean. Gateway to endless miles of world-class hiking and biking out your backdoor as this property is bordering Golden Gate National Park, Muir Woods Park, Mt Tam Park, and the Dipsea Trail.
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