Friday, May 22, 2015

Moderate Economic Growth - Strong Housing Sector

Fremont is on Fire. 1300 sqft homes are selling between $900k to $1M. Ardenwood is now considered a millionaire neighborhood.

 

From DS News

Forecast Calls for Moderate Economic Growth; Housing Gaining Momentum

Leading indicators for the housing sector have shown that despite the moderate economic growth predicted, housing may experience a strong season in the spring, according to Fannie Mae. In March, existing home sales rose to their highest level in nearly two years, but for Q1 existing home sales were off slightly from the previous quarter's total. Despite a slowdown in March, new single-family home sales ended the first quarter at their strongest pace in seven years.
READ MORE

 

- Sunil Sethi

SUNIL SETHI REAL ESTATE

Helping Families Find Homes with Great Schools in Fremont, Newark and Union City.

Property Search | Featured Listing | Neighborhoods | Home Value | School Score | Property Tax

To access most updated listings on MLS from your phone, Download my FREE app from "My Mobile App".
Want to know if you qualify for any special loan programs. Check out CAR's Mortgage Directory
Love Us on Yelp!
Like Us on Facebook

 

Friday, May 08, 2015

FannieMae is making the Dough

I don’t understand how it makes so much dough, but it says it does.

 

From DS News

 

Fannie Mae Reports Net Income of $1.9 Billion for Q1

Fannie Mae's comprehensive income for Q1 was reported at $1.8 billion, up from $1.3 billion in Q4. The Enterprise reported a net worth of $3.6 billion as of the end of Q1, which will result in a payment of $1.8 billion to the Department of Treasury in June per the terms of a 2012 amendment to the 2008 bailout agreement. Following the forthcoming June payment, Fannie Mae will have paid $138.2 billion in dividends to Treasury – about $22.1 billion more than the $116.1 billion bailout Fannie Mae received from taxpayers in 2008 to continue operations.
READ MORE

 

- Sunil Sethi

SUNIL SETHI REAL ESTATE

Helping Families Find Homes with Great Schools in Fremont, Newark and Union City.

Property Search | Featured Listing | Neighborhoods | Home Value | School Score | Property Tax

To access most updated listings on MLS from your phone, Download my FREE app from "My Mobile App".
Want to know if you qualify for any special loan programs. Check out CAR's Mortgage Directory
Love Us on Yelp!
Like Us on Facebook

 

Thursday, May 07, 2015

Spring Buyers out in Force

 

 

From NAR

 

FEATURED STORY
Spring Market:
More Buyers Than Usual

 

Feature Story

 

An unusually high volume of home-buyer demand is flooding the spring market, with pending home sales rising in March for the third consecutive month and hitting their highest level since June 2013. In this video, NAR Chief Economist Lawrence Yun talks with Social Media Director T.J. Doyle about the spike. Watch now.

 

 

- Sunil Sethi

SUNIL SETHI REAL ESTATE

Helping Families Find Homes with Great Schools in Fremont, Newark and Union City.

Property Search | Featured Listing | Neighborhoods | Home Value | School Score | Property Tax

To access most updated listings on MLS from your phone, Download my FREE app from "My Mobile App".
Want to know if you qualify for any special loan programs. Check out CAR's Mortgage Directory
Love Us on Yelp!
Like Us on Facebook