This blog provides information about Redwood Shores, California.
Posting updates include community and housing information.
Saturday, February 27, 2021
Did You Know 2-26-2021
DID YOU KNOW? U.S.
household income jumped 10% in January as the government delivered stimulus
payments to households and consumer spending rose 2.4%, priming the economy
for a burst in growth this year. (WSJ)
KNOW? FLEEING California? Hardly! California housing had the hottest
real estate month in 17 years! Homebuyers gobbled up houses at a
484,730 annual pace in January, up 22.5% in a year, the third consecutive
gain above 20%. The statewide median price paid was $699,890, up 21.7%
in a year and the biggest gain since February 2014. If that’s not
overheated to you, consider this: The last time sales and prices jumped
more than 20% in the same month was August 2003. Thanks to Carol Burnett of
COMPASS Silicon Valley.
DID YOU KNOW? Second-home sales were up 44% year over year in
2020, according to the NAR. About 45% of vacation home buyers are in their
50s and 60s and buy for personal use. (Marketwatch) DID YOU KNOW? 874,354 Londoners have assets worth more than $1 million
compared with 820,000 in New York. (Marketwatch)
DID YOU KNOW? Yesterday, thirty years ago, Tim Berners-Lee
introduces WorldWideWeb, the first web browser and WYSIWYG HTML editor.