DID YOU KNOW?

Mark Palermo alerted me that 16-year-old TESLA sold its ONE-MILLIONTH electric clean-energy (and quiet!) mostly-made-in-the-USA car this week! Why does this have relevance to real estate you might ask? Tesla not only makes cars, but it also makes solar panels and roof systems to create energy and batteries to store the energy to power cars (and the home)....these cars reduce smog and noise pollution, all big benefits to real estate...and quality of life.

 

 

DID YOU KNOW?

Refinance applications rose a whopping 79% last week and were 479% higher than a year ago. Mortgage applications to purchase a home increased a much milder 6% for the week and were 12% higher annually. Mortgage rates have come off their record lows and took a sizable move higher on Tuesday, as news of potential government stimulus to combat the financial effects of COVID-19 circulated.