Fremont Real Estate Blog

We know this, but now the paper says it, so now everyone knows it   From DS news Distressed Inventory Fading Fast as Housing Market Strengthens As the housing market heals, foreclosure inventory is depleting quickly, CoreLogic reported Thursday. In July, about 949,000 homes were in some stage of foreclosure, down 32 percent from 1.4 million a year ago. CoreLogic also reported steep declines in completed foreclosures and serious delinquencies. According to the data provider's estimate, about 49,000 properties were lost to foreclosure in July, down 25 percent from 65,000 in July 2012. At 5.4 percent, the serious delinquency rate decreased to the lowest level since December 2008, according to CoreLogic. » 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    To access most updated lis...

Rates have moved up one percent, but if you compare today’s rates to historical averages, we’re still way under what they traditional have been at. I expect them to go higher as the economy gains steam. -sunil   From DS News Rising Rates Prompt Cash Buyers to Act While higher mortgage rates have been blamed for the slowdown in pending home sales, they may be contributing to an increase in cash purchases, RealtyTrac suggested in a recent report. In July, about 40 percent of residential property sales were all-cash transactions. The share presents an increase from 35 percent in June and 31 percent compared to July 2012. Short sales also accounted for a bigger share of sales in July, increasing to 14 percent, up from 13 percent in the prior month and 9 percent from a year ago. » 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 | Neighborhood...

There’s no surprise here.   From DS News Trump's Real Estate School Deemed a 'Scam' by NY Attorney General Donald Trump and Trump University, a real estate investment school in New York, face a lawsuit charging Trump and his school defrauded consumers of $40 million. Trump University functioned as a real estate school, luring students with promises that they would learn Trump's personal real estate methods and ensuring their success in real estate investment. However, according to New York Attorney General Eric T. Schneiderman, who filed a suit against Trump Saturday, the school did not deliver on its promises. » 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    To access most updated listings on MLS from your phone, Download my FREE app from "My Mobile App" . ...

  Union City Police Department, CA Community: Residential Burglars Posing as City Workers - Always Ask for ID There have been several scam burglaries in the region this week involving suspects impersonating City employees, public utility workers, roofers, etc. This is an emerging problem and one must be vigilant. Ask vendors and workers for their ID cards. ALL Union City employees are issued picture ID cards. It is a common scam for criminals to impersonate some type of utility worker, enter into your yard, and distract you, while their accomplice is ransacking your home looking for cash, electronics, and jewelry. These types of crimes have occured locally when a sliding glass door was left unlocked, most likely due the the warm weather. Remember to: - Ask vendors and workers for their ID cards - Keep your home locked (if the weather is warm, use a fan to keep cool)    

  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 July 31, 2013   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 $554,231 $549,888 32  / 63 Single Family over $1M $1,831,453 $1,495,950 62  / 60 Condo/Townhome under $600K $371,703 $359,999 31  / 61 Condo/Townhome over $600K $742,919 $699,000 23  / 49 San Mateo County, CA Single Family under $1M $704,857 $699,000 39  / 22 Single Family over $1M $4,092,062 $2,490,000 73  / 20 Condo/Townhome under $600K $411,831 $399,000 37  / 23 Condo/Townhome over $600K $879,701 $749,000 38  / 14 Santa Clara County, CA Single Family under $1M $689,203 $679,900 34  / 18 Single Family ...

They have helped create and maintain a vibrant U.S. Real Estate Market. Their fault was they strayed from responsible lending practices. That’s a common mistake of every government enterprise. They tend to do things that make no financial sense. Maybe we should get rid of them.   Commentary: Solving the Wrong Problem President Obama is trying to solve the wrong problem by calling, as he did in his speech in Phoenix, for the end of Fannie Mae and Freddie Mac as we know it. To be sure, Fannie and Freddie were not the hallmarks of responsibility in the mortgage meltdown, but have gotten a bad rap. For all their housing expertise, they missed all the signals of the housing bubble (but then again so did Federal Reserve chairman Alan Greenspan and his successor Ben S. Bernanke who dismissed it when the first signs of the meltdown emerged). Instead of suggesting replacing Fannie and Freddie to restore the nation's housing markets, the president should be proposing to return them to...

From DS News   MBA: Delinquencies, Foreclosures Recede to More 'Normal' Levels The percentage of homeowners behind on their mortgage fell to the lowest level since 2008, with a decrease in 90-plus delinquencies driving the improvement, according to a report from the Mortgage Bankers Association (MBA). On a seasonally adjusted basis, the national mortgage delinquency rate on one-to-four unit residences stood at 6.96 percent in the second quarter, a decrease from 7.25 percent in the first quarter and 7.58 percent a year ago. "For most of the country, delinquencies and foreclosures have returned to more normal historical levels," said Jay Brinkmann, MBA's chief economist and SVP of research and economics. » 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    To access most...

  These folks didn’t know what prime real estate they were living on.   - 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  

S tay Young My Friend We all need to read this one over and over - until it becomes part of who we are!   HOW TO STAY YOUNG   1. Try everything twice. On one woman's tombstone she said she wanted this epitaph: "Tried everything twice. Loved it both times!" 2. Keep only cheerful friends. The grouches pull you down. (Keep this in mind if you are one of those grouches!)   . Keep learning: Learn more about the computer, crafts, gardening, whatever... Never let the brain get idle. 'An idle mind is the devil's workshop.' And the devil's name is Alzheimer's! 4. Enjoy the simple things.     5. Laugh often, long and loud. Laugh until you gasp for breath. And if you have a friend who makes you laugh, spend lots and lots of time with HIM /HER. 6.. The tears happen: Endure, grieve, and move on The only person who is with us our entire life, is ourselves. LIVE while you are alive. 7. Surround yourself with what you love: whether it's family, pets, keep...