Tue04152014

Business & Real Estate

Investors not pleased with events

With U.S. stocks lower Friday but up 1.5 percent for the week, investors remain concerned about tensions between Russia and the West. Federal Reserve Chairwoman Janet Yellen’s suggestion that interest-rate hikes would not occur until six months after quantitative easing ends has been a positive influence, but the market is still floundering.

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Is the stock market peaking?

As the end of the first quarter approaches, it is obvious that stocks haven’t moved much other than downward. The Dow is down approximately 1.5 percent and the S&P 500 is up slightly. After Thursday’s closing at -231.19, the talk is whether the market has peaked. Investors seem to be ignoring rising tensions in Ukraine and better-than-expected U.S. economic data.

Our exposure to the stock market relies on two things: the direction the market moves and the opportunities available in individual stocks. While finding attractive growth stocks has become difficult, a diversified portfolio continues its ups and downs, with severe losses held to a minimum.

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Transactions

Los Altos

680 Riverside Drive, Wallace Trust to N. Siamwalla for $2,227,000

1095 Russell Avenue, D. & P. Bajpai to N. Sachdev for $2,500,000

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Main Street coffee bar emerges


Ellie Van Houtte/Town Crier
Owner Jeff Hampton opened Red Berry Coffee Bar last week after 18 months of renovation at its home on 145 Main St. The bar specializes in offering customers fair-trade coffee for espresso drinks.

For Jeff and Lisa Hampton, more than 18 months of anticipation finally came to an end last week.

The couple opened the doors to Red Berry Coffee Bar March 5 at the former home of Andiamo Salon at 145 Main St. The coffee bar’s debut comes after the couple – originally profiled in the June 2012 issue of the Town Crier – endured contractor problems and other delays as they worked to complete the 1,500-square-foot business. Lisa noted that she and her husband are pleased to know that those obstacles are now a thing of the past.

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Stock market confuses investors

The Dow Jones industrial average goes up one day and down the next, confusing investors. The S&P 500 closed at another all-time high Thursday, and the jobs market provided encouraging news.

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County home prices continue to rebound

Home prices in Santa Clara County continue to recover from the recession, according to MLSListings statistics.

The average sale price of single-family homes increased nearly 12 percent and the average condominium price 14.36 percent year-over-year in February.

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Realtor program seeks to assist seniors May 5-9

Seniors and the homebound residing on the Peninsula and in the South Bay may request free assistance with household tasks through the Realtor Service Volunteer Program (RSVP), scheduled the week of May 5-9.

Realtors and affiliates from the Silicon Valley Association of Realtors and neighboring realtor associations offer RSVP annually to qualified seniors who cannot perform certain household tasks due to physical or financial constraints. The deadline for seniors to apply for assistance is Saturday.

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