Thu09032015

Business & Real Estate

Transactions

Los Altos

100 First Street No. 217, Los Altos8 Limited to Hartenbaum Trust for $1,625,500

692 Benvenue Avenue, J. & V. Green to Duterme Trust for $2,860,000

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Realtor survey finds investors shifting focus toward multifamily properties

With the depletion of available distressed homes on the market over the past two years, more investors are shifting their focus to multifamily properties and away from single-family homes, according to a survey conducted by the California Association of Realtors.

The association’s 2015 Investor Survey, which asks members about their interactions with investors, revealed that 21 percent of investors purchased multifamily properties in the past year, up from 19 percent in 2014 and 14 percent in 2013.

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SILVAR ventures to Washington, D.C.


AR Realtors meet with U.S. Rep. Anna Eshoo, center. Los Altos resident Carole Feldstein, second from right, serves as SILVAR’s federal political coordinator for the congresswoman.

Silicon Valley Association of Realtors representatives traveled to Washington, D.C., last month for the National Association of Realtors Legislative Meetings & Trade Expo.

SILVAR members met with U.S. Reps. Anna Eshoo and Jackie Speier, as well as staff of U.S. Rep. Mike Honda during the May 11-16 conference. They urged the elected officials to preserve current real estate-related tax policies and extend the Mortgage Forgiveness Tax Relief Act, which expired at the end of 2014 and prevents distressed homeowners from facing excessive income-tax bills on forgiven home-loan debt.

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Are stop-losses good for reducing risk?

Equity investments are among the most volatile of the many types of publicly traded investments available to the public.

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Transactions

Los Altos

1505 Cedar Place, Hamilton Trust to S. Seshadri for $2,300,000

10 Deep Well Lane, Ravizza Trust to Kissner Trust for $2,145,000

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Transactions

Los Altos/Los Altos Hills

12012 Adobe Creek Lodge Road, H. Williamson to N. Kokemohr for $6,100,000

1531 Awalt Court, R. & C. Cantwell to H. Li for $3,052,500

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State housing market bump bodes well for summer

California’s housing market continued to pick up steam as existing home sales and prices rose in March, with both posting back-to-back increases, according to the California Association of Realtors’ monthly data report.

Closed escrow sales of existing, single-family, detached homes in California totaled 391,680 units in March. Sales in March rose 6.3 percent from February and 7.3 percent from March 2014. The year-over-year sales increase was the first back-to-back sales gain since December 2012 and the largest observed since May 2012.

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