Fremont Real Estate Blog

Here’s my short list for these communities. You can see the extremes in pricing.   Click Here to View Listings

Here’s what’s available to buy in Ardenwood, home to Fremont’s Ardenwood elementary and Forest park Elementary Schools.  I’ve sorted the list below based on price per sqft. The range goes from $353 per sqft to a high of $565 per sqft.   I always like to look at the ones at the extremes 1 st to see what’s the reason for the variance. Larger homes generally sell at a lower price per sqft. Smaller homes sell at a higher cost per sqft.   Click Here to View Listings  

If you are interested in Ardenwood Elementary or Forest Park Elementary. Below is a list of what’s currently for sale.   We see a couple of outliners in pricing. 5454 Alamo Ter’s pricing is much higher on a per sqft basis, than anything else for sale in Ardenwood currently. I don’t see a lot of remodeling to the home. 5410 Buckner on the other hand is beautifully remodeled. Let me know which ones you are interested in seeing this weekend. I have time on Sunday to show.   Click Here to View Listings   - 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" . 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  

From DS News   Freddie Mac: Mortgage Rates Fall to 4.27 Percent Per Freddie Mac’s Primary Mortgage Market Survey, the 30-year fixed rate mortgage (FRM) this week averaged a rate of 4.27 percent (0.7 point), down from 4.34 percent last week. A year ago, the 30-year FRM sat at 3.41 percent. At the same time, the 15-year FRM averaged 3.33 percent (0.6 point), down from an average 3.38   - 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" . 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  

We’ve seen home prices recover and exceed the bubble pricing of 2005 in the better school neighborhoods,  however now we’re seeing non-school homes also reaching their boom highs about 1-1.5 yrs after the great school areas.     - 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" . 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  

    From DS News   Delinquency Rates on Post-Crisis U.S. RMBS ‘Nearly Zero’ Delinquency rates on recently issued U.S. residential mortgage-backed securities (RMBS) remain nearly zero after the first post-crisis transaction was completed, according to a new report issued by Fitch Ratings. »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" . 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  

Here’s this weekend’s shopping list.   Properties Priced Under $400,000 Click Here to View Listings   Properties Priced Under $400,001 to $600,000 Click Here to View Listings   Properties Priced Under $600,001 to $800,000 [biggest selection] Click Here to View Listings   Properties Priced Under $800,001 to $1,000,000 Click Here to View Listings   Properties Priced over $1,000,000 Click Here to View Listings   Ones that I particularly liked: Click Here to View Listings   I’ll be visiting Albany Common at 1pm. - 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" . 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  

I’ve been stating that it’ll take a financial disaster to cause the next bubble. Shortage of oil for example, resulting in a run on inflation followed by high interest rates, causing unemployment which dampens demand.   However, here’s another idea. The next buyer simply can’t afford to pay the price offered for the unit. Basically we run out of wealthy buyers. Such that the next home has to sell for less in order for the transaction to happen.   Let’s take a look at where these wealthy buyers are coming from. Based on the meetings I have with new buyers each week: the preponderance are in high-tech, some doctors, some PhDs working in biotech. Most of these people have considered living in the Peninsula or SF and realized they can’t get much for their budgets. So they come to Fremont because our schools have very high APIs and our home prices are 25-50% less than the peninsula so they have no problem paying what it takes to get the home.   My belief is that SF and the peninsula become

From  CAR   FLOOD INSURANCE CHANGES Property owners in flood zones are likely to get relief under a bill recently signed by the President. Under the bill (1) sales will no longer trigger immediate premium increases, and (2) properties that complied with prior flood map requirements will be grandfathered, which would likely mean that insurers may not require elevation certificates at sale to obtain flood insurance. In response to homeowners around the country experiencing large increases in flood insurance premiums and to the increased costs at sale due to the Biggert-Waters Flood Insurance Reform Act of 2012 (“Biggert-Waters”), both the House (H.R. 3770, The Homeowner Flood Insurance Affordability Act, “Menendez-Grimm”) and Senate (S. 1926) passed bills rolling back some of the Biggert-Waters provisions. Although the Senate bill was broader, the Senate agreed to go along with the House version. Other provisions of the Menendez-Grimm bill are: It limits yearly premium increases to 15%

As I’ve been telling everyone, it will take a majority economic reverse to cause the this housing market to collapse. An event like Russia invading Ukraine and causing a worldwide oil shortage leading to high inflation, high interest rates, followed by major layoffs, especially in the tech sector, resulting in reduced demand for housing and lower prices.     Unfortunately, none of that happened, instead all we have today is                 April’s Fools Day.  Have a great day.   To get another opinion check out   From DS News Has the Housing Market Reached Bubble Status Again? In the Trulia’s latest quarterly Bubble Watch report, Jed Kolko estimates national home prices are still around 5 percent undervalued when examining long-term fundamentals like historical prices, incomes, and rents. While ongoing improvements in prices have brought the market close to a tipping point, he notes that it’s far cry from the 39 percent overvaluation in the first quarter of 2006. »READ MORE   - S unil