What I am sensing is that money is on strike. The rise of repo agreement activity is a testimony to that. It means that excess money that is pumped into economy is not really working on strengthening economy, but it is just accumulating uselessly. Just like when you over eat, and your body cannot consume all calories, your body simply accumulates fat. People need to consume/burn the calories. Think of excess money in the system as fat, if this analogy helps.
Do not go back and think about FED/USG waste of time !
No not all, there are 12.6 Trn and 401k appx 4.6 Trn and they are in stocks.
Looks to me most of them moved from stocks to money market as market is over heated !
Even with dip ( expected ) today, ST market bullish…
Check this house out.
Sold in July 2021 for $3.00M
Sold in June 2017 for $ 2.23M
Gain in 4 years = $770k or 34.5%
Will it appreciate another 33% to $4M by 2025???
Is the seller being too ambitious here? Listing price of $3.7M is just too high for Sunnyvale. I doubt this one will sell unless they reduce the listing price…
It’s a new built. Price per foot is less than $1,200. Sellers may actually be able sell at this price. Looking at the aerial shot the lot looks small, even though it’s an 8k lot. A bit too close to the neighbor though.
Interestingly, this house at 1136, which is next door to the listing at 1134, got sold by the same RE agent for $3.65M. Are they tearing down old houses, replacing them with super expensive spec houses in the middle of Sumnybale and selling them?
Yes, this was a lot split by AK Development. They have done a lot of these.
Is the sale price of this house basically just the land price. Will buyer be able to remodel and flip it for $3M + by next spring
I agreed, it seems overpriced even it’s a new construction. With that money I probably would go for this instead:
https://www.redfin.com/CA/Cupertino/10740-Gascoigne-Dr-95014/home/1025857?2093706699=no_custom_share_sheet&1280460695=control&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet
Is this the first Cupertino SFH to break the $5M barrier?
By the way, it has an ADU, which probably added to the home’s value
The sale closed within 8 days of listing - did the buyer pay $5M in cash???
Hot damn! With that money you can buy a very decent house in Los Altos Hills. Why settle for Cupertino??
SMH…
And it looks like their neighbor is a junk yard or something?
This part of CU is not good. Many mom and pop businesses use their backyard and front yard as “storage”.
Probably first time home buyer flushed with cash wanting a pool. 
Kiddos will be swimming next to a junk yard.
If there is a summer slowdown, this property seems to have escaped it. Sold for $600k above asking - the $2.7M sale price is not too bad for a 1700 sq ft home on a small lot (less than 6000 sq ft).
https://www.redfin.com/CA/Cupertino/20375-Clifden-Way-95014/home/1049122
They did small expansion since 2017 (sold 1.7M) and now sold with 3.2M.
Yeah, these expansions/remodels of older SFH are really paying off. $200-250k spent on adding a 400-500 sq ft suite or attached ADU with permits, and a kitchen/bathroom remodel can add $500-750k to the value of the home
PA is undervalued.
.
Or no longer as desirable. You might want to find out what has changed and whether it would reverse to previous.
Now, here is a Sunnyvale 94087 home that flopped and sold for more than 250k below initial list price