Fremont Real Estate Blog

Prices are moving up fast.   From DS news   Case-Shiller Indices Rise at Fastest Pace Since 2006 Home prices rose at their fastest pace since July 2006, according to the Case-Shiller 10- and 20-city Home Price Indices, Standard & Poor's reported Tuesday. At the same time, the Case-Shiller national index, reported quarterly, registered its strongest gain since Q2 2006. The 10- and 20-city index each rose 0.2 percent in December, reversing declines in November. Year-over-year, the 10-city index was up 5.9 percent and the 20-city index rose 6.8 percent. The national index was up 7.3 percent year-over-year. The year-over-year gain in the 20-city index matched the consensus forecast.     - S unil 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 y...

#4079 Marijuana Grow Officer Ceniceros responded to a suspicious circumstance at 37500 block of Glenmoor. PGE had gone to the location and found that the power to the building had been bypassed. A strong smell or marijuana was emitting from the location. The Major Crimes Unit was contacted. Search warrant was authored resulting in the confiscation of approx. two thousand marijuana plants and the arrest of two suspects found hiding inside.   - S unil 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" .    Love Us on Yelp!      Like Us on Facebook  

  "E-NEWS" News From the New Haven Unified School District   AMS Takes Third Place in Mathcounts Competition Alvarado Middle School finished in third place Saturday among 16 teams that took part in the Mathcounts East Bay Chapter competition, parent and team coach Geeta Arora reports. “Ours was the youngest team on the stage, with three sixth-graders and one seventh-grader,” Ms. Arora noted. “The first two teams were all eighth-graders, except for one seventh-grader.” Daphne Pan, Riya Arora, Albert Pei and Sanjim Uppal made up the official team, and AMS’s other mathletes were Haaris Kadri, Arshia Deep, Alex Fong, Serena Lee and Michelle Yi.   Race to the Top In December, the New Haven Unified School District was named one of 16 nationwide winners in the U.S. Department of Education’s Race to the Top-District (RTTT-D) competition. The District will receive more than $29 million over the next 4½ years, to personalize stud...

37040 Poplar St., Newark, CA 94560 Open House (Feb 23/24) Sat/Sun 1-4pm ·             Regular sale - not an REO or Short Sale. ·             Built in 1961 ·             4 Bedrooms ·             2 Baths ·             2 Car Garage. ·             1,556 spacious living sqft. ·             8,434 sqft lot. ·             This home is modern, and spacious. ·             Modern Kitchen with Granite counter tops. ·     ...

Realtor.com recently released its January data on the U.S. housing market showing that listing inventories decreased 16.47 percent year-over-year; median age of inventory was at 108 days, a 9.24 percent decrease year-over-year; and median list prices are slightly higher increasing .80 percent year-over year to $187,000. The findings indicate opportunities in local markets for both buyers and sellers. With inventories at record lows and list prices increasing, Realtor.com®'s 2013 Best Sellers Markets are Sacramento, Calif.; San Jose, Calif.; San Francisco, Calif.; Phoenix; and Washington, D.C. For consumers looking for a competitive edge heading into the busy spring buying season, Realtor.com®'s Top Buyers Markets are Asheville, N.C.; Peoria, Ill.; Charleston, W. Va.; Philadelphia, Pa.; and Cleveland, Ohio. In January, the total number of single-family homes, condos, townhomes and co-ops for sale in the U.S. decreased by 16.47 percent from one year ago, dropping to its lowest po...

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Upcoming Changes To FHA Premiums FHA  (HUD) has just announced their upcoming changes:  Additional Increase in MIP and automatic cancellation of annual MIP.   The following is a general description of the changes.   1.       Effective with all case numbers issued on or after  April 1, 2013 , the annual (monthly) MIP premiums are increasing by .10 .     2.        Effective with all case numbers issued on or after  June 3, 2013 , the automatic cancellation of the annual MIP premiums has been rescinded.   Previously, the minimum period for MIP was 5 years or 78% LTV, whichever came last.    …If you are looking to refi your current fha loan , time is of the essence.   …If you have been pre-approved for a fha loan, please make a note of this change, as it could affect your ability to purchase a new home.     - S unil Sethi   SUNIL SETHI REAL ...

Finally, took them long enough to do this. Ratings agencies should be put out of business. They give a false sense of security to investors.   From DS News Justice Department Sues S&P, Alleging Ratings Were Inflated The Justice Department (DoJ) and Standard Poor's are at odds with others over civil fraud charges stemming from an alleged scheme to defraud investors in the lead-up to 2008's financial meltdown. The DoJ filed a civil lawsuit against S&P and its parent company, McGraw-Hill, Monday, alleging that S&P "knowingly [issued] inflated credit ratings" for collateralized debt obligations in the years before the crash, misrepresenting their creditworthiness and understating their risks. » Read More   - S unil 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  ...

"E-NEWS" News From the New Haven Unified School District   Third-Graders Do Great Job on Essays Participation doubled this year in an essay challenge that was part of a local real estate agent's annual project to provide every New Haven third-grader with a dictionary.   For the past seven years, agent Sunil Sethi and his partner, former New Haven teacher Steven Fong , have purchased approximately 1,000 dictionaries and delivered them to each of the District's elementary schools. Their partners this year were insurance agent Kristie Turner , Risha Kilaru of Prospect Mortgage and the office of Alameda County Supervisor Richard Valle .   Last year, the partners introduced an essay challenge for the students, and this year the challenge attracted entries from about 30 percent of the District's third-graders, up from about 15 percent last year. All students who submitted an essay received a recognition award, and their ess...

   

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 January 28, 2013   Average List Price for active listings Median List Price for active listings Average DOM: for active listings/ for sold listings Santa Clara County, CA Single Family under $1M $639,325 $649,000 44  / 40 Single Family over $1M $2,697,528 $1,848,000 80  / 29 Condo/Townhome under $600K $378,682 $389,000 30  / 25 Condo/Townhome over $600K $1,044,486 $799,000 33  / 11 San Mateo County, CA Single Family under $1M $696,736 $669,000 49  / 41 Single Family over $1M $4,042,944 $2,349,000 90  / 33 Condo/Townhome under $600K $386,288 $395,000 40  / 31 Condo/Townhome over $600K $848,880 $718,000 46  / N/A** Santa Cruz County, CA Single Family under $1M $603,016 $599,900 81  / 16 Single Fam...