Wednesday, July 23, 2014

foreclosures at new low

U.S. FORECLOSURES FALL TO LOWEST LEVEL SINCE JULY 2006
U.S. properties with foreclosure filings — default notices, scheduled auctions, and bank repossessions — fell 19 percent in the first half of 2014 from the previous six months and were down 23 percent from the first half of 2013, RealtyTrac reported.  One in 214 homes had at least one foreclosure filing in the first six months of the year.

The report also includes new foreclosure activity data from June, when a total of 107,194 U.S. properties had a foreclosure filing, down 2 percent from the previous month and down 16 percent from a year ago to the lowest level since July 2006, before the housing price bubble burst. Total foreclosure activity in June was the lowest since the housing bubble burst in August 2006 in 10 states, including Texas, Georgia, Colorado, Tennessee, Arizona, and Nevada.
More info

 

Monday, July 14, 2014

Fed Considers Ending Stimulus Program

 

A sign that we can expect rates to rise, because the govt. thinks the market doesn’t need a stimulus anymore.

 

From DS News.

Fed Considers Ending Stimulus Program

The Federal Reserve appears to be confident enough in the trajectory of the United States economy that it looks to be planning to stop adding to its bond holdings in October, according to the minutes of the June Federal Open Market Committee meeting. »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".
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Thursday, July 03, 2014

June 2014 Alameda Housing Inventory Snapshot

I hope you will find the following snapshot of local Real Estate inventory interesting. The table represents aggregated values based on MLS data for the specified date.

Housing Inventory Snapshot

June 27, 2014

 

Average List Price for active listings

Median List Price for active listings

Average DOM: for active listings/ for sold listings

Alameda County, CA

Single Family under $1M

$595,937

$604,000

35

Single Family over $1M

$1,903,500

$1,500,000

60

Condo/Townhome under $600K

$393,898

$388,888

36

Condo/Townhome over $600K

$763,900

$699,950

29

San Mateo County, CA

Single Family under $1M

$727,742

$718,000

38  / 13

Single Family over $1M

$3,543,443

$1,980,800

65  / 14

Condo/Townhome under $600K

$440,995

$429,500

27  / 17

Condo/Townhome over $600K

$954,615

$810,000

38  / 19

Santa Clara County, CA

Single Family under $1M

$702,188

$699,000

40  / 16

Single Family over $1M

$2,564,883

$1,800,000

69  / 17

Condo/Townhome under $600K

$440,081

$439,888

36  / 27

Condo/Townhome over $600K

$869,028

$750,000

22  / 10

Santa Cruz County, CA

Single Family under $1M

$663,724

$680,000

56  / 19

Single Family over $1M

$2,150,637

$1,645,000

132  / 7

Condo/Townhome under $600K

$432,103

$429,000

72  / 18

Condo/Townhome over $600K

$833,797

$739,000

210  / 6

If you know someone who is considering buying or selling a home, please give me a call. I will provide professional & courteous service along with knowledgeable guidance through the process.

 

- 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