Biden's Capital Gains Tax Proposal Hits Wealthy | Bay Area Real Estate Market Report April 23, 2021

Every week at 12 PM PST, I analyze the news and data that can affect the Bay Area Real Estate Market. Tune in weekly and email me anytime if I can help! [email protected]

Topics covered for the week:

Intro (0:00)

How the Biden capital gains tax proposal would hit the wealthy CNBC (0:36) https://www.cnbc.com/2021/04/22/how-the-biden-capital-gains-tax-proposal-would-hit-the-wealthy.html

Bay Area COVID migration may be slower than expected (3:42) https://www.siliconvalley.com/2021/04/20/bay-area-covid-migration-may-be-slower-than-expected-12/

East Bay mall to become mixed use site for housing, logistics center (5:46) https://www.msn.com/en-us/money/realestate/struggling-east-bay-mall-to-become-site-for-housing-logistics-center/ar-BB1fX8t4

Sunnyvale real estate mega-deal makes Google, big developer neighbors (7:35) https://www.eastbaytimes.com/2021/04/20/sunnyvale-real-estate-mega-deal-google-big-developer-neighbor-tech/

Sales of luxury homes skyrocket in first quarter (8:58) https://www.housingwire.com/articles/sales-of-luxury-homes-skyrocket-in-first-quarter/

Mortgage rates drop below 3% for the first time in months (10:48) https://www.housingwire.com/articles/mortgage-rates-drop-below-3-for-the-first-time-in-months/

Latest Market Data for all counties in the Bay Area https://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharingTI/edit?usp=sharing

San Mateo County 11:48

Santa Clara County 12:28

Alameda County 13:39

Contra Costa County 14:22

San Francisco County: 14:50

 

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