Tue10212014

Business & Real Estate

Are index funds really less expensive?

When it comes to investing, there are many things we cannot control. For example, we cannot control, let alone predict, investment returns. On the other hand, there are things we can and should control, such as the costs of our investments.

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SILVAR gives scholarships to high school seniors

The Silicon Valley Realtors Charitable Foundation recently presented scholarships to 18 graduating seniors during awards night at the students’ respective schools.

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Transactions

Los Altos

124 Bridgton Court, J. & K. Buckley to Lauterbach Trust for $5,750,000

1240 Carmel Terrace, Schwarz Trust to N. & D. Hod for $1,865,000

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Local development sold out in four months


Ellie Van Houtte/ Town Crier
Lennar Homes’ 38-unit Sherwood townhouse development sold out in approximately four months. The homes, ranging from $1.1 million to $1.4 million, are located off Sherwood Avenue, between El Camino Real and San Antonio Road in Los Altos.

Buyers looking for a townhouse in Los Altos can probably scratch Lennar Corp. Homes’ Sherwood development off their lists.

According to Lennar sales associate Sierra Legner, the 38-unit townhouse development – located off Sherwood Avenue between San Antonio Road and El Camino Real – closed its final sale last week after approximately four months on the market. She credited a familiar theme for the quick sales of the townhomes: location and schools.

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S&P 500 sets another closing record

The S&P 500 index scored its third record-high closing in four market days Thursday, reaching 1,920.03. The Dow Jones industrial average closed at 16,698.68. Sell in May and go away? Not this year.

As the market advances, investors’ money is not in doubt. The question is whether investors’ enthusiasm has declined amid the up-and-down market volatility. New claims for unemployment benefits fell more than expected and provided another incentive to purchase U.S. stocks.

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Local realtors pitch in to assist seniors


courtesy of RSVP
RSVP volunteers Carlos Padilla, left, and Jimmy Nappo help a 94-year-old Los Altos homeowner with gardening.

Silicon Valley Association of Realtors (SILVAR) members recently helped local seniors with household tasks as part of the association’s Realtor Service Volunteer Program (RSVP).

Every year in May, realtor and affiliate members of SILVAR visit the homes of seniors who are physically and/or financially challenged to help with simple household tasks.

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Transactions

Los Altos

1245 Altamead Drive, J. & T. Benjamin to P. Motafram for $2,150,000

485 Arboleda Drive, Syscom Tech to M. & K. Berman for $4,000,000

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