Fremont Real Estate Blog

    From DS News Federal Reserve Board Votes to Continue Tapering Program Leaders at the Federal Reserve voted Wednesday to move forward with the central bank's plans to gradually cut monthly bond purchases, a sign of growing confidence that the economy is trending in a more favorable direction.   - 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    

U.S. FORECLOSURES FALL TO LOWEST LEVEL SINCE JULY 2006 U.S. properties with foreclosure filings — default notices, scheduled auctions, and bank repossessions — fell 19 percent in the first half of 2014 from the previous six months and were down 23 percent from the first half of 2013, RealtyTrac reported.  One in 214 homes had at least one foreclosure filing in the first six months of the year. The report also includes new foreclosure activity data from June, when a total of 107,194 U.S. properties had a foreclosure filing, down 2 percent from the previous month and down 16 percent from a year ago to the lowest level since July 2006, before the housing price bubble burst. Total foreclosure activity in June was the lowest since the housing bubble burst in August 2006 in 10 states, including Texas, Georgia, Colorado, Tennessee, Arizona, and Nevada. More info  

  A sign that we can expect rates to rise, because the govt. thinks the market doesn’t need a stimulus anymore.   From DS News. Fed Considers Ending Stimulus Program The Federal Reserve appears to be confident enough in the trajectory of the United States economy that it looks to be planning to stop adding to its bond holdings in October, according to the minutes of the June Federal Open Market Committee meeting. »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    

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 June 27, 2014   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 $595,937 $604,000 35 Single Family over $1M $1,903,500 $1,500,000 60 Condo/Townhome under $600K $393,898 $388,888 36 Condo/Townhome over $600K $763,900 $699,950 29 San Mateo County, CA Single Family under $1M $727,742 $718,000 38  / 13 Single Family over $1M $3,543,443 $1,980,800 65  / 14 Condo/Townhome under $600K $440,995 $429,500 27  / 17 Condo/Townhome over $600K $954,615 $810,000 38  / 19 Santa Clara County, CA Single Family under $1M $702,188 $699,000 40  / 16 Single Family over $1M $2,564,883 $1,800,000 69  / 17 Condo/Townhome under $600K $440,081 $439,888 36  / 27 Condo/Townhome over $600K $869,028 $

Unemployment continues to decrease. As long as we have jobs, housing will remain strong.   From DS news Unemployment Down to 6.1% as June Payrolls Surge The U.S. labor market outperformed expectations by a wide margin in June, with gains in both April and May also revised upward. The latest pickup in growth brought the nation's unemployment rate down to 6.1 percent, a near six-year low. 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