Kathi Pylman, Realtor

12/22/2021

Is there an exodus from California???

More than 270 companies have moved their headquarters from California to other states since 2018, according to the Hoover Institution.

11/13/2021

Check out this beauty

The 7,500-square-foot Cloud House in Malibu, California is a 32-acre mountain-top home with spectacular ocean views, created by architects George Whitman and Hagy Belzberg.

09/27/2021

This Week's Mortgage Rate Forecast:
Rates could get worse
This is a tough week to forecast where rates are headed, after seeing last week's sudden rate jump. Rates could get slightly worse or slightly better depending on how the underlying mortgage bond market performs, although we're hoping not to see any big jump in rates like we got last week. This is an important time to stay in touch with your mortgage professional about your unique situation.
What's affecting rates this week:
Economic data: A busy week for economic and housing data, we could see some day-to-day movement caused by a reaction to different reports including inflation data at the end of the week.
Fed stimulus: The Fed continues to buy Treasuries and mortgage bonds, helping keep mortgage rates low, although it is now expected that the Fed will begin tapering back on bond purchases after their November Fed meeting.
Info provided by RateAdvantage

09/20/2021

CALIFORNIANS RELUCTANT TO GO BACK TO WORK
The numbers are irrefutable: Many Californians aren’t going back to work.
Although the Golden State created a whopping 44% of the nation’s new jobs last month, its unemployment rate remained the second-highest in the country at 7.5%, according to figures released Friday by the state Employment Development Department. That’s essentially unchanged from the 7.6% unemployment rate California notched in both July and June — and hardly different from the 7.7% rate in May, a month before the state ended most coronavirus restrictions and fully reopened its economy.
Gov. Gavin Newsom: “We still have more work to do in regaining those jobs lost to the pandemic, but this is promising progress for California’s economic recovery.”
Nearly half of the 104,300 payroll jobs California added in August were government positions, a reflection of public schools desperately trying to fill teacher and substitute teacher shortages as kids return to campus. Santa Ana Unified School District, for example, is hiring so many people that its understaffed human resources department hasn’t been able to process payments quickly enough, forcing more than 100 educators to go without pay for more than a month.
Some experts had predicted that the federal government’s Sept. 4 cutoff of expanded unemployment benefits for 2.2 million Californians would prompt people to reenter the workforce, but there hasn’t been a noticeable shift so far. Around 55,000 Californians filed new jobless claims for the week ending Sept. 11, a decrease of fewer than 3,000 people from the week before, federal data show. And the Golden State lost more than 6,000 education and health services payroll jobs in August, exacerbating an already dire nurse shortage.
In a bid to attract new workers, the beloved Sacramento-area sushi restaurant Mikuni expanded benefits and hosted a job fair — but saw only three applicants. Eight of its nine locations will now close Mondays due to the staffing shortage.
The pandemic has hit working women especially hard. More than 40,000 women nationwide dropped out of the labor force between July and August as coronavirus outbreaks closed schools and the low-paying child care sector remained short nearly 127,000 workers.
Source: CalMaters

09/20/2021

Here is what's happening in Elk Grove in the next few weeks:
Let’s Celebrate Hispanic Heritage Month!
9/20 Virtual Economic Equity Round Table (3:00 p.m.)
9/20 Trails Committee Meeting (6:00 p.m.)
9/21 Diversity & inclusion Commission Meeting (6:00 p.m.)
9/21 Youth Commission Meeting (6:00 p.m.)
9/22 City Council Meeting (6:00 p.m.)
9/23 NeighborGood Market (4:00 p.m.)
9/23 Elk Grove Housing for All Town Hall Meeting (5:30 p.m.)
9/24 Party in the Plaza (5:00 p.m.)
9/24 Peace & Love Musical R***e (7:00 p.m.)
9/25 Uncorked and Uncapped Elk Grove (6:00 p.m.)
9/28 Housing and Homelessness Town Hall Meeting (6:00 p.m.)
9/30 NeighborGood Market (4:00 p.m.)
9/30 Cultural Connections: Hispanic Heritage Month (6:30 p.m.)
10/2 Elk Grove Giant Pumpkin Festival (10:00 a.m.)
10/2 First Saturday Art Reception (4:00 p.m.)
10/3 Elk Grove Giant Pumpkin Festival (10:00 a.m.)

09/20/2021

City Finalizes Deal with Kubota
The City recently sold approximately 45 acres of city-owned property at 10251 Grant Line Road to Grapevine Texas-based Kubota Tractor Corporation, a subsidiary of Japan-based Kubota Corporation. The Elk Grove City Council unanimously approved a purchase and sale agreement that paves the way for Kubota to start construction on a 630,000 square foot Western Distribution Center.
Kubota, a publicly traded multinational manufacturer of tractors and heavy equipment for the construction and agricultural industries, will build only its fifth such US facility in Elk Grove. The project will be Kubota’s hub for western states distribution of its products as well as home to the company’s western division offices and “Kubota University,” a training and education facility. The $60 million project will generate more than 125 permanent jobs and approximately 400 temporary construction jobs. The company is targeting a spring 2022 opening.

08/30/2021

NATIONAL MARKET UPDATE
Existing Home Sales in July saw a nice boost to an annual rate just under 6 million units, up from a year ago. The supply of homes for sale continues to rise, with a 7.3% increase in inventories, the fifth straight month of gains.
July New Home Sales followed right along, up for the first time in four months, though still down for the year. There's also good news here on the inventory front, as the supply rose to 6.2 months from 6.0 months in June.
Freddie Mac noted that near historically low rates have been “moving sideways over the last few weeks,” so “purchase application demand is improving,” and there's still “a window of opportunity for those who did not refinance.”

04/22/2021

Listed for $565,000, sold for $608,000 in three days on the market. Happy sellers, happy me!! If you are thinking of selling, contact me!!

03/16/2021

03/03/2021

Coming soon! 5 bedroom, 3 full bath, 2316 sq ft in Elk Grove. Beautiful pool in the backyard!! Offere at $555,000 Call for more info (916)541-0268. This one won’t last long!!!

11/16/2020

Morse Park is only getting better!! I love my neighborhood

Both projects provide an opportunity to address the significant growth that has occurred within the district boundary since 2008.