All about Life & Real Estate in Silicon Valley – Broker Michael Koo's Blog.

Approximately 2.5 billion Father's Day cards are sent each year.
Neckties have become a popular traditional gift for Father's Day.
"World's Greatest Dad" is a popular Father's Day phrase.
Breakfast in bed is a common Father's Day treat.
Wishing a fantastic Father's Day to all the dads who strive to be the best versions of themselves.
To every father figure making a positive impact, Happy Father's Day!

Flag Day is the American flag's birthday party every June 14th!
Flag Day was proclaimed in 1916 but officially recognized in 1949. Talk about a late celebration!
Betsy Ross, a seamstress, sewed the first flag. Imagine if designers today made flag-inspired outfits!

Sharp increases in mortgage rates and home prices since the pandemic have driven up the income required to afford a home across the nation.

California tops the list with the highest salary requirement for buying a median-priced home, at $197K annually.

California's housing construction is slowing down due to several factors.
Rising labor and material costs, strict regulations, and high borrowing costs make it difficult for developers to make a profit.

Sellers and buyers to scrutinize commission structures more, moving away from common assumptions.Concerns raised about significant commission increases without corresponding changes in REALTOR® efforts.

Moving within California requires careful planning due to its diverse geography, housing markets, and transportation systems.Challenges include navigating climate variations, high cost of living, competitive housing markets, and traffic congestion.

Working-class towns in California facing housing crisis, with median home prices surpassing $1 million.Cities like Placentia, Orange, Tustin, Bonita, Cerritos, and San Gabriel seeing substantial increases in home values.

Repeal of tax break for vacation homes aims to redirect millions to essential services.
AB 2616 proposes repealing Mortgage Interest Deduction (MID) on second homes.