Fremont Real Estate Blog

A nice explanation on the difference between Joint Tenancy with right of survivorship and community property with right of survivorship.    

This will go fast. Only opportunity to see this unit will be this Saturday /Sunday from 1-4pm.

Stability is important. Unfortunately asset prices are never stable.   Per DS News Zillow: Home Values See Highest Monthly Increase Since 2006 Zillow issued a released Friday reporting that both national home values and rents rose in the month of April. According to the April Zillow Real Estate Market Reports, national home values rose 0.7 percent in April to a Zillow Home Value Index of $147,300. This is the largest monthly increase in home values since January 2006, and it makes April the second month in a row in which home values climbed up. Zillow also reported that rents rose from March to April, increasing by 1.6 percent, according to the Zillow Rent Index. » Read More     - sunil   SUNIL SETHI REAL ESTATE Helping Families Find Homes with Great Schools. Love Us on Yelp!   Like Us on Facebook     Property Search | Featured Listing | Neighborhoods | Home Value | School Score | Property Tax  

Click Here to View Listings Very Tastefully remodeled!   - sunil   SUNIL SETHI REAL ESTATE Helping Families Find Homes with Great Schools. Love Us on Yelp!   Like Us on Facebook     Property Search | Featured Listing | Neighborhoods | Home Value | School Score | Property Tax  

Best Options in Mission or Weibel Today   Click Here to View Listings     - sunil   SUNIL SETHI REAL ESTATE Helping Families Find Homes with Great Schools. Love Us on Yelp!   Like Us on Facebook     Property Search | Featured Listing | Neighborhoods | Home Value | School Score | Property Tax  

Banks are doing better. I hope the troubles of the big banks are behind, and the recent troubles at Chase are not a harbinger of more troubles to come.   From DS News   FDIC Reports Profit of $35.3B, Problem Institutions Decline FDIC-insured banks and savings institutions reported a total profit of $35.3 billion in the first quarter of 2012, a $6.6 billion increase from the $28.8 billion net income reported in the 2011 first quarter. The increase marks the 11th consecutive quarter of year-over-year gains. The number of "problem" institutions dropped to the smallest number since year-end 2009. "Problem" institutions declined from 813 to 772, with total assets of "problem" institutions shrinking from $319 billion to $292 billion. » Read More     - sunil   SUNIL SETHI REAL ESTATE Helping Families Find Homes with Great Schools. Love Us on Yelp!   Like Us on Facebook   Property Search | Featured Listing | Neighborhoo...

Check out Zillow’s underwater map to see what percent of your neighbors have negative equity.   The national average is 1/3, however 90% are current on their loans.   http://www.zillow.com/visuals/negative-equity/   - sunil   SUNIL SETHI REAL ESTATE Helping Families Find Homes with Great Schools. Love Us on Yelp!   Like Us on Facebook    Property Search | Featured Listing | Neighborhoods | Home Value | School Score | Property Tax  

New Haven has some great people working for it, and unfortunately they eventually leave for greater pastures. -ss   "E-NEWS" ADDENDUM More News From the New Haven Unified School District   Chief Academic Officer Named Superintendent in Cupertino Wendy Gudalewicz , who served for the past three years as Chief Academic Officer of the New Haven Unified School District, was appointed Wednesday night as Superintendent of the Cupertino Union School District.   “Anyone who knows Wendy also knows this day was coming, that she would be running a district of her own someday, because she is a wonderful person and an extraordinary educator,” New Haven Superintendent Kari McVeigh said. “We’re grateful to have had her with us for the past three years. Her influence on the children of New Haven will be felt for a very long time.”   Dr. Gudalewicz, who earlier this month received her doctorate degree in educational organization and leadership...

We know from a local Chase lender that Chase is offering a similar incentive to get defaulters to complete a short sale.   From DS News   BofA Offering Up to $30K in Relocation Assistance for Short Sales Just days after Bank of America officially announced its nationwide program offering up to $30,000 in relocation assistance for short sales, a Massachusetts-based real estate company revealed in a blog that one of its clients was approved to receive $10,000. In order to be eligible for the relocation assistance, BofA stated that the short sale must be initiated by the end of this year and close by September 26, 2013. Also, the amount offered is determined on a case-by-case basis, with variables such as the value of the home and amount owed factored into the equation. » Read More     - sunil   SUNIL SETHI REAL ESTATE Helping Families Find Homes with Great Schools. Love Us on Yelp!   Like Us on Facebook   Property Search | Featured Listing | Ne...

Us bonds look more attractive with uncertainty about Europe’s future. -sunil   From Lowes   Mortgage rates head deeper into record territory Mortgage rates headed deeper into record territory this week as rumblings from Europe continue to make the guaranteed bonds that fund most mortgage loans look like a safe bet to investors. Fears that the European debt crisis will derail... Continued »       - sunil   SUNIL SETHI REAL ESTATE Helping Families Find Homes with Great Schools. Love Us on Yelp!   Like Us on Facebook   Property Search | Featured Listing | Neighborhoods | Home Value | School Score | Property Tax  

Prices are moving up because of shortage of inventory.   Per DS News   Shrinking inventory boosts home prices A national home-price index maintained by data aggregator CoreLogic showed prices edging up from February to March -- the first month-over-month increase since last summer. The CoreLogic Home Price Index showed home prices, including... Continued »       - sunil   SUNIL SETHI REAL ESTATE     Like Us on Facebook     Property Search | Featured Listing | Neighborhoods | Home Value | School Score  

Let’s all stop paying our mortgage   From DS News   BofA to Offer Principal Write-downs to 200K Delinquent Borrowers Bank of America began mailing out more than 200,000 letters this week targeting borrowers thought to be eligible for principal-reducing modifications under terms of the settlement reached with the federal government and 49 state attorneys general. To be eligible, a homeowner must owe more on the mortgage than the property is worth today and must have been at least 60 days behind on payments on January 31, 2012. BofA estimates average monthly savings of 30 percent for qualifying customers. » Read More   - sunil   SUNIL SETHI REAL ESTATE Helping Families Find Homes with Great Schools. Like Us on Facebook   Property Search | Featured Listing | Neighborhoods | Home Value | School Score  

  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 April 30, 2012   Average List Price Median List Price Average Days On Market Santa Clara County, CA Single Family under $1M $614,409 $600,000 46 Single Family over $1M $2,447,842 $1,775,000 53 Condo/Townhome under $600K $366,880 $360,000 51 Condo/Townhome over $600K $812,432 $699,000 44 San Mateo County, CA Single Family under $1M $637,456 $648,800 54 Single Family over $1M $3,483,499 $1,950,000 74 Condo/Townhome under $600K $391,933 $399,000 64 Condo/Townhome over $600K $932,352 $800,000 73 Santa Cruz County, CA Single Family under $1M $576,860 $599,000 71 Single Family over $1M $2,201,819 $1,600,000 99 Condo/Townhome under $600K $336,952 $300,000 113 Condo/Townhome over $600K $923,637 $750,000 125 Monterey County, CA Single Family under $1M $480,392 $409,000 76 Single Family...

Courtesy of WF Bank.   These are National numbers, and we know that the Bay Area is doing better than the rest of the nation. Here we see that is back to what it was before the run-up.         This one answer the question is a SFr residence a better investment than a Condo. The answer is “no”. SFR and Condo pricing has been in synch since about 2005, and Condo’s actually performed better than SFR if you bought them prior to 2005.       - sunil   SUNIL SETHI REAL ESTATE Helping Families Find Homes with Great Schools.     Property Search | Featured Listing | Neighborhoods | Home Value  

It’s simple economics – prices over corrected and investors are bidding pricing up. We’re seeing the same activity happening here in the low-end in the Bay Area. The price of homes in areas where schools aren’t relevant (aka low scoring schools) are selling at the 2000-2001 levels and those where schools are high scoring are selling at the 2004-2005 levels.     From DS News Phoenix Finds Its Way Out of the Downturn: A Model for Recovery The Arizona capital of Phoenix was, without argument, one of the hardest hit markets by the housing crisis, with home values plunging nearly 60 percent from 2006 through mid-2011 and foreclosure filings soaring. One analyst says it wasn't too long ago that Phoenix was considered ground zero of the housing market's collapse, but now, it's on a path to recovery that's considerably outpaced other distressed markets. So what's going on in the Valley of the Sun that's strong enough to lift the nation's sixth most populous ci...