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MORTGAGES UP … According to Danielle Hale, chief economist for realtor.com, mortgage rates have begun to come down, but this reprieve will likely be brief. Homebuyers should expect rising mortgage rates ahead. “Escalating home prices remain the biggest challenge in the market, but as mortgage rates move up, they’re becoming a larger hurdle for buyers,” Hale said. According to an analysis of mortgage payments released last week, buyers are now paying $168 more per month for a mortgage on a median-priced U.S. home than they did a year ago a 13-percent increase. On a metro level, Seattle has seen the largest yearly jump in mortgage payments with an average increase of $449, followed by San Francisco at $378 and Los Angeles at $363.
LEARN ABOUT SUCCULENTS … Learn how to plant and care for succulents during a workshop at Gamble Garden in Palo Alto on Saturday, March 31, from 9:30 to 11 a.m. Participants will learn what it takes to keep these water-wise plants happy and healthy. Instructor Linda Roark, designer of Gamble’s succulent container gardens, will talk about planting and caring for succulents and how to divide and propagate ones that are overgrown. Bring your own overgrown succulent to divide and share with others. Gamble will also have some cuttings and provide you with a terracotta pot and soil for you to bring a cutting home to add to your collection. The cost is $20 members (use code IRIS) and $35 for nonmembers. To register, go to gamblegarden.org.
REALTOR UNDER 30 … Coldwell Banker’s Brett Caviness, an agent at the company’s Menlo Park office, has been named a finalist of the National Association of Realtors and Realtor Magazine’s “30 Under 30” program. Caviness is one of 50 finalists selected from hundreds of applicants from across the country. Caviness has been a real estate agent since 2009. He was the 2016 recipient of the Silicon Valley Association of Realtor’s president’s award. The NAR staff and magazine editors look for candidates who are successful in the real estate business and “have demonstrated skill, creativity and leadership in their careers.” Judges will select 29 honorees from the field of finalists.
By Palo Alto Weekly staff
By Palo Alto Weekly staff
By Palo Alto Weekly staff