Friday, January 8, 2016

FRIDAY - a beautiful day to start


- Millennial generation most fiscally cautious since Depression
- Home Prices Up 6.3 Percent Year Over Year
- Board of Supervisors Mull Replacing 150-Acre Santa Clara County Fairgrounds With Park, Recreational Facilities
- KB Home snaps up Milpitas development site for $43.9 million
- Google expected to bring up to 150 jobs to Alameda
- What to Do With That Fireplace You’re Not Using

Enjoy!



Millennial generation most fiscally cautious since Depression - A new study finds that the millennial generation is the most financially conservative since the Great Depression. According to UBS Wealth Management Americas, these younger Americans are reluctant to take big financial risks due to the trauma of the global financial crisis in 2008. More than one-third of people aged 21 to 36 say they’re financially conservative and their actions speak even louder than their words. The average millennial has 52 percent of his or her portfolio in cash, more than twice the 23 percent of other investors. A mere 28 percent of millennials see the point of long-term investing, and only 12 percent would stash so-called found money in the stock market, according to the survey.

Home Prices Up 6.3 Percent Year Over Year - CoreLogic recently released its CoreLogic Home Price Index (HPI) and HPI Forecast data for November 2015 which shows home prices are up both year over year and month over month. Home prices nationwide, including distressed sales, increased 6.3 percent in November compared with a year ago and increased 0.5 percent compared with the previous month, according to the CoreLogic HPI.

The CoreLogic HPI Forecast indicates that home prices will increase 5.4 percent on a year-over-year basis from November 2015 to November 2016, and on a month-over-month basis home prices are expected to remain flat. The CoreLogic HPI Forecast is a projection of home prices using the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state.

Board of Supervisors Mull Replacing 150-Acre Santa Clara County Fairgrounds With Park, Recreational Facilities - San Jose leaders have stewed over the future of the Santa Clara County Fairgrounds for decades. Now, work on a blue print is underway. The Board of Supervisors envisions the 150-acre underutilized plot to be split. One half, they hope, will be converted into traditional park and open space area while the other will be transformed into a sports complex with softball, baseball and other recreational facilities.

KB Home snaps up Milpitas development site for $43.9 million - KB Home, the Valley's dominant for-sale homebuilder, has snapped up a 9.4-acre property at 1210 California Circle, paying $43.9 million, public records show. A KB Home spokesman said that it was too early to nail down expected pricing, though the first models should be completed by the end of 2016.

Google expected to bring up to 150 jobs to Alameda - Up to 150 jobs are expected to be created as Google expands at the former Alameda Naval Air Station, according to city officials. The technology giant, which has been at the former military base since it acquired Makani Power in 2013, secured unanimous approval from the City Council on Tuesday to lease the 65,400-square-foot building at 1190 W. Tower Ave.

What to Do With That Fireplace You’re Not Using - Make the extra space work for you with artfully arranged logs, books or decorative objects. Some of my favorites:




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