Fremont Real Estate Blog

Take a look at what homes were sold at auction today. 4 will become flip properties and 22 new REOS. -sunil SUNIL SETHI REAL ESTATE Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive) 38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536 Cell 510 388 2436 / Fax 510 431 9046 < http://www.sunilsethi.com/ > www.sunilsethi.com CA DRE#: 01173766

Here's what transpired today at the auction steps. 6 properties were sold. Two to investors and 4 became the property of their lenders (future REOS). -sunil SUNIL SETHI REAL ESTATE Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive) 38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536 Cell 510 388 2436 / Fax 510 431 9046 < http://www.sunilsethi.com/ > www.sunilsethi.com CA DRE#: 01173766

Steven and I visited the Alameda County courthouse auctions today. It was an unusually wet day in June, but that didn't stop the foreclosure process. 4 homes were sold to investors in the rain today, and 8 went back to the bank (tomorrow's REOs) . 4 properties were located in the Tri-cities area (Fremont-Newark-Union City). -sunil SUNIL SETHI REAL ESTATE Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive) 38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536 Cell 510 388 2436 / Fax 510 431 9046 < http://www.sunilsethi.com/ > www.sunilsethi.com CA DRE#: 01173766

From DS news: < http://dsnews.us1.list-manage.com/track/click?u=59816bad6939d5a7dd87e45a5&i d=dfe7579eae&e=ebe71b748c > Case-Shiller Index Edges Higher One month after reporting that its home price gauge had officially double dipped, Standard & Poor's says prices have inched up, in line with the expected seasonal boost that accompanies the spring buying season. The 20-city composite reading of the S&P/ Case-Shiller index posted a 0.7 percent increase in April versus March. It's the first monthly gain in eight months. The composite reading remains 4.0 percent below April 2010. -sunil SUNIL SETHI REAL ESTATE Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive) 38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536 Cell 510 388 2436 / Fax 510 431 9046 < http://www.sunilsethi.com/ > www.sunilsethi.com CA DRE#: 01173766

There were a lot of properties foreclosed upon today. Most were taken over by the banks. 4 properties were sold to investors. 2264 Bishop Ave, Fremont is located in the Parkmont neighborhood in Fremont. 3106 Orwell Pl, Fremont is located in Brookvale. -sunil SUNIL SETHI REAL ESTATE Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive) 38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536 Cell 510 388 2436 / Fax 510 431 9046 < http://www.sunilsethi.com/ > www.sunilsethi.com CA DRE#: 01173766

11 homes were foreclosed upon by banks today at the Alameda County Courthouse. Only one was located in Fremont. -sunil SUNIL SETHI REAL ESTATE Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive) 38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536 Cell 510 388 2436 / Fax 510 431 9046 < http://www.sunilsethi.com/ > www.sunilsethi.com CA DRE#: 01173766

From DS news < http://dsnews.us1.list-manage2.com/track/click?u=59816bad6939d5a7dd87e45a5& id=216385bb02&e=ebe71b748c > Market 'Snapshot' Reveals Decline in Strategic Defaults The phenomenon of strategic default has become a growing concern within the industry, but a new "Market Insight Snapshot" released by Experian Thursday suggests the percentage of mortgage defaults involving borrowers who decided to simply throw in the towel is trending downward. Since strategic defaults hit 20 percent of all mortgages 60-plus days delinquent in the fourth quarter of 2008, they've come in below that mark ever since, according to the study. By mid-2010, the share of intentional walk-aways was 17 percent. < http://dsnews.us1.list-manage.com/track/click?u=59816bad6939d5a7dd87e45a5&i d=6d973fb54d&e=ebe71b748c > > Read More -sunil SUNIL SETHI REAL ESTATE Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive) 38750 Paseo Padre Pkwy Suite B3 /

More from DS News: < http://dsnews.us1.list-manage2.com/track/click?u=59816bad6939d5a7dd87e45a5& id=f413c8235f&e=ebe71b748c > Survey Points to 2011 Bottom for Home Prices but No Strong Gains After the headline news that home prices double-dipped, forecasters are predicting a 2011 turning point for the U.S. housing market, according to the investment and risk management firm MacroMarkets. The company polled 108 economists and real estate experts this month to gauge their predictions. Nearly two-thirds believe the bottom for home prices arrived in the first quarter or will arrive sometime before year-end. The consensus, though, is that we should not be expecting a rebound in home values, but rather a level of price stability. < http://dsnews.us1.list-manage.com/track/click?u=59816bad6939d5a7dd87e45a5&i d=a329e3d98d&e=ebe71b748c > > Read More -sunil SUNIL SETHI REAL ESTATE Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive) 38750 Paseo Padre Pkw

Check out this duplex for sale in Dublin. < http://maxebrdi.fnismls.com/publink/default.aspx?GUID=95207a37-6e79-4b0d-b5 ff-08851ca26481&Report=Yes > Click Here to View Listings Looks very promising. -sunil SUNIL SETHI REAL ESTATE Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive) 38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536 Cell 510 388 2436 / Fax 510 431 9046 www.sunilsethi.com < http://www.sunilsethi.com/ > CA DRE#: 01173766

From DS News < http://dsnews.us1.list-manage1.com/track/click?u=59816bad6939d5a7dd87e45a5& id=a3a2dd0250&e=ebe71b748c > Phoenix-Area Foreclosure Sales Drop for Third Straight Month Foreclosures are claiming a smaller share of the Phoenix sales market. The ratio has dropped for three straight months, according to a new report from Arizona State University's business school. In May, foreclosures represented about 35 percent of existing-home transactions in the Phoenix area, down from 43 percent earlier in the year. Still, the university's real estate professor says he's doubtful foreclosures will cease to be the dominant force in the market. More than 3,500 foreclosures occurred in the Phoenix metro last month. < http://dsnews.us1.list-manage.com/track/click?u=59816bad6939d5a7dd87e45a5&i d=c24774daa3&e=ebe71b748c > > Read More -sunil SUNIL SETHI REAL ESTATE Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive) 38750 Paseo Padre Pkwy S

Open House Sat/Sun June 18-19, 2011 1-4pm more photos

Forward to me by Risha Kilaru at Prospect Mortgage Last Week in the News _____ Retail sales rose 0.4% for the week ending June 4, according to the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales increase 2.5%. The trade deficit decreased 6.7% to $43.7 billion in April from a revised $46.8 billion in March. Exports rose 1.3% to $175.6 billion. Imports decreased 0.4% to $219.2 billion. Wholesalers increased their inventories 0.8% to $447.2 billion in April. This followed a 1.1% rise in March. Sales at the wholesale level rose 0.3% in April to $393.5 billion. On a year-over-year basis, sales were 14.4% higher since April 2010. The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending June 3 fell 0.4%. Refinancing applications increased 1.3%. Purchase volume fell 4.4%. Import prices rose 0.2% in May, following a revised 2.1% increase in April. On a year-over-year basis, import prices are up 12.5%.

In a real emergency, it's a given there will not be enough emergency personnel available. Now is the time to get prepared for the next big emergency. The classes are for free. Sign-up today. -sunil FREE CERT Training Classes CERT Training Sessions taught by qualified instructors are usually held on Saturdays, from 9:00 am to 2:00 pm at Fire Station #31, 33555 Central Avenue in Union City. Class size is limited. Pre-registration is required. Call CERT office at 675-5401 or <mailto: carol@dutravernaci.com > E-mail Us < http://www.unioncity.org/CERT/Cert%20training%20classes%202011.html > CERT announces 2011 schedule. CLICK HERE PHOTOS FROM Sept. 11, 2010 Class < http://www.unioncity.org/CERT/CERT%20Annual%20Drill.html > CERT teaches you how to keep yourself and your family from becoming victims in a disaster. CERT focuses on being prepared, staying safe, and helping others until emergency responders can get there. Class 1: Basic Safety http://www.unioncity.org/gr

Don't look to the Case-Shiller for your answers, it's passé. From DS news: < http://dsnews.us1.list-manage.com/track/click?u=59816bad6939d5a7dd87e45a5&i d=53ddcb8b99&e=ebe71b748c > Double Dip: Altos Says Prices Have Been Steadily Rising Since Then While a number of closely-watched home price indices show that national readings have slipped into a double-dip, Altos Research says it's come and gone. The firm notes that the latest Case-Shiller findings declaring a new post-recession low are based on data only through the end of March. Since that time, Altos has recorded a steady uptick in prices for both major metros and mid-city markets across the country. The firm's analysts expect to see a rising and falling pattern for several years, and they believe the double dip is really just the start of the next housing cycle. < http://dsnews.us1.list-manage1.com/track/click?u=59816bad6939d5a7dd87e45a5& id=5fece73fc7&e=ebe71b748c > » Read More -suni

Here's your bargain shopping list for today. Today's Price Changes (35 Listings - in ascending price/sqft) Click Here to View Listings < http://maxebrdi.fnismls.com/publink/default.aspx?GUID=9756e1af-9e6e-4da2-b0 03-a4f3b2e557b0&Report=Yes > -sunil SUNIL SETHI REAL ESTATE Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive) 38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536 Cell 510 388 2436 / Fax 510 431 9046 < http://www.sunilsethi.com/ > www.sunilsethi.com CA DRE#: 01173766

So will the real statistic please stand up. Earlier this week, the big headline case the supposed Case-Shiller double dip. But if you've been shoping for a home in the better school district areas you know that inventory of ideal homes is tight (not next to a busy road or railroad), and pricing has firmed for these homes or gone up. From DS News < http://dsnews.us1.list-manage2.com/track/click?u=59816bad6939d5a7dd87e45a5& id=f53587e939&e=ebe71b748c > CoreLogic Price Index Shows First Monthly Increase Since Mid-2010 The market has been battered by reports of continuing home price depreciation with both the Clear Capital and S&P/Case-Shiller indices confirming that national readings have fallen below the double-dip mark. But data released Wednesday by CoreLogic provided a flicker of improvement - at least from the short-term view. The company says its index shows home prices in the U.S. rose 0.7 percent between March and April. It's the first such increase sin