Bay Area Real Estate & Local Newsletter
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WHAT'S IN
THIS ISSUE
- C.A.R. Home Sales and Price Report
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GENERAL NEWS
REAL ESTATE NEWS IN SAN FRANCISCO
San Francisco Lockdown Extended
City Officials Extended Coronavirus shelter-in-place order until May 1. People are required to stay home except for essential needs. Most businesses are closed while necessary government functions & essential stores remained open.
Since almost all travel and events are cancelled, many businesses have moved their brand marketing online and through social media. Our new website has been optimized to cater to all your real estate needs wherever you are. Check out
www.MinchenTeam.com today.
Thank you for your continued support.
Be strong and stay safe.
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SAN FRANCISCO COUNTY
C.A.R. HOME SALES AND PRICE REPORT
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Existing, single-family home sales totaled 421,670 in February on a seasonally adjusted annualized rate, up 6.6 percent from January and up 5.9 percent from February 2019. February’s statewide median home price was $579,770, down 0.8 percent from January and up 8.5 percent from February 2019. The statewide Unsold Inventory Index was 3.6 months in February, up from 3.4 months in January but down from 4.6 months in February 2019.
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What is
Amortization?
This is the process of combining both interest and principal in payments, rather than simply paying off interest at the start. This allows you to build more equity in the home early on. Amortization is the way lenders make your monthly payments on your home loan predictable. Home owners want to know what their monthly expenses will be when they own a home, so making monthly payments equal and predictable helps them to manage their finances and plan for the future.
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A method of equalizing the monthly mortgage payment over the life of the loan by adjusting the proportion of principal to interest over time. At first, the interest payment is high and the principal payment is low. At the end of the loan, interest payments are low and principal payments are high.
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LOCKDOWN FACTS
How can a lockdown help stop the spread of coronavirus?
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Many countries countries around the world are currently in some degree of “lockdown,” with restaurants and bars, shops, schools and gyms closed, and citizens required, or at least strongly encouraged, to stay home to avoid catching or spreading COVID-19, the respiratory illness caused by the novel coronavirus.Researchers are well on their way to discovering vaccines and treatments for the virus, but even in a best-case scenario, these are likely to be several months away.
Until then, social distancing is highly likely the only solution available to help individuals stay healthy, and to flatten the curve of transmission. Giving people a fighting chance of surviving this pandemic.
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This is done by isolating suspected cases and their households, and social distancing the elderly and people at highest risk of serious illness. Without any lockdown or social distancing measures, we can expect peak mortality in approximately three months.
In light of the current circumstances, the Minchen Team will remain committed to the future with everyone.
Our thoughts are with all those people that are suffering from the coronavirus.
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RECIPES DURING LOCKDOWN
With food shelves being emptied from many supermarket during the lockdown, most ingredients are becoming scarce. Here are some easy and thrifty recipes for the coronavirus lockdown.
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Flatbread
Makes 6
2 cups flour
1 - 1 1/4 cup of lukewarm water
1 table spoon baking powder
1 tsp kosher salt
1 table spoon oil/butter/shortening
- Mix dry ingredients together and add most water, mix and add water until it has the consistency of tacky pizza dough.
- Knead for a few minutes.
- Let rest in greased bowl for 30- 60 minutes.
- Divide into 6 pieces and roll out on floured surface thin. (Tortilla thickness)
- Heat griddle to 350F.
- Cook until golden brown spots and flip, cooking until done.
Chicken Traybake
4-6 Chicken Thighs
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1/2 ring of sausage
1 large potatoes chopped into chunks
1 tin of butter beans
2 large oranges (juice one and cut one into 8-10 segments)
1 red pepper
1 red or white onion
1 whole garlic bulb
1 red chili (optional)
Salt and pepper to taste
Sprigs of fresh thyme or 1 tsp dried
- Preheat the oven to gas mark 6 or 200C.
- Squeeze the juice from one of the oranges and set aside. Roughly chop all ingredients (reserve the thyme until after cooking) and drain the butter beans.
- Place the chicken thighs skin side up onto a baking tray and dot all other ingredients in and around, including the orange segments.
- Squeeze the orange juice from the remaining segments over the ingredients and season with a pinch of salt and pepper.
- Roast in the oven for between 45 minutes and an hour. Check and shake the trays every so often. Once the chicken is cooked, sprinkle over fresh thyme and serve.
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FEATURED LISTING
COLDWELL BANKER LISTING OF THE MONTH
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3800 Washington St
9 beds 8 baths
17,895
sq ft
Originally built from 1902-1904 for one of the City's most prominent families of the era, the breathtaking Le Petit Trianon is inspired by the original world-renowned Chateau at the Versailles Palace in France, which was constructed between 1763 and 1768 by King Louis XV. The iconic, historically irreplaceable facade of Le Petit Trianon is one of the world's most recognizable images. Designated as both a San Francisco as well as a National Historical Landmark, and considered one of the City's architectural masterpieces, this extraordinary monument has been host to a glittering array of some of the most important social, cultural, artistic and philanthropic events in San Francisco history.
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SF HISTORY
KNOW MORE ABOUT HISTORY OF SAN FRANCISCO
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Fortune cookies originated in San Francisco and were invented by Japanese immigrant
Makoto Hagiwara. He’s also the man behind Golden Gate Park’s famous Japanese Tea Garden. Hagiwara is also a successful businessman who oversaw the production of raw silk in Japan. In the U.S. he ran a restaurant and later a gardening business.
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