Wednesday, August 19, 2015

CALIFORNIA HOME SALES CLIMB TO HIGHEST LEVEL IN NEARLY THREE YEARS

From CAR

Sustained job and income growth gave home buyers the confidence in July to jump into the California housing market, pushing home sales to their highest level in nearly three years, C.A.R. reported this week. Home sales have risen year over year for six straight months.

Home sales remained above the 400,000 mark in July for the fourth consecutive month and rose to highest level since October 2012. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 449,530 units in July.

The July figure was up 2.7 percent from the revised 437,680 level in June and 12.7 percent compared with home sales in July 2014 of a revised 398,980. The year-to-year change was the highest since July 2009 and significantly higher than the 6-month average increase of 6 percent observed from January 2015-June 2015.

The median price of an existing, single-family detached California home dipped 0.3 percent in July to $488,260 from $489,640 in June.  July’s median price was 5.4 percent higher than the revised $463,330 recorded in July 2014.
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- 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
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Friday, August 14, 2015

Fremont Festival of the Arts August 15-16, 2015

Road Closure Advisory for the Festival of India August 15-16, 2015

The City of Fremont has issued a special event permit for the 23rd Annual Festival of India.  The event will take place on Saturday and Sunday (8/15 & 8/16) from 10:00 a.m. to 7:00 p.m.  Please be advised that several roads will be closed in the Downtown area.   

 

Saturday, August 15, 2015, from 9:00 a.m. to Sunday, August 16, 2015 at 8:00 p.m.

Walnut Avenue - between Paseo Padre Parkway and Liberty Street:

 

Sunday ONLY, August 16, 2015, from 11:00 a.m. to 3:00 p.m. – PARADE

Paseo Padre Parkway - between Mowry Avenue and Stevenson Blvd.

Walnut Avenue - between Civic Center Drive and Liberty St.

Liberty Street - between Capitol Avenue and Beacon Avenue

Capitol Avenue - between State Street and Paseo Padre Parkway

State Street - between Beacon Street (mid-block) and Capital Ave.

Kearny Street - between Paseo Padre Pkwy. and Liberty Ave.

City of Fremont Development Services parking lot at 39550 Liberty St.

Roads to remain open:

Beacon Ave.

Liberty St. (between Beacon Ave. and Stevenson Blvd.)

Walnut Ave. (between Liberty St. and Fremont Blvd.)

 

Please feel free to contact Special Events Manager Maya Williams if you have any questions regarding the special event permit process.  Maya can be reached at 510-790-6967.

 

For full details, view this message on the web.

Really where are they going to buy these homes for $296,000

From CAR

Survey: 52 Percent of Americans likely to buy a home in next five years

According to the 2015 BMO Harris Bank Home Buyers Report, just over half of Americans — 52 percent — say they are likely to buy a home in the next five years. Americans surveyed are willing to pay an average of $296,000 for a home and will average a 21 percent down payment. Among likely buyers, 78 percent plan to get preapproved before seriously searching for a home. The majority (74 percent) of those looking to buy a new home will consult a real estate agent.
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- 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
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Like Us on Facebook