Fremont Real Estate Blog

I’m not a fan of low down payment loans for home purchases, because I like to see people have equity in game. I like to see buyers show they can save money.   GSEs Officially Lower Down Payment to 3 Percent for Qualifying First-Time Homebuyers Following months of talk and speculation, both Fannie Mae and Freddie Mac announced on Monday they will begin allowing qualifying first-time borrowers to purchase homes with just a 3 percent down payment. »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    

From DS News     Homebuyer sentiment soars Consumer sentiment in California rose in the fourth quarter (Q4) of 2014. Surveyed consumers are more optimistic about future economic conditions in Q4 2014 than in the prior quarter, according to Chapman University’s California Consumer Sentiment Survey. Consumer optimism is now the highest it’s been since the housing bubble burst. However, planned spending on big-ticket purchases plummeted in Q4, ending a rising trend in planned spending since Q2 2013.     - 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    

FOR IMMEDIATE RELEASE Contact: Sunil Sethi               38750 Paseo Padre Pkwy #B#, Fremont, CA 94536               510-388-2436 LOCAL REALTOR ® ACHIEVES NATIONAL ASSOCIATION OF REALTORS ® GREEN DESIGNATION December 2014 Fremont CA – Sunil Sethi and Austin Oney with Sunil Sethi Real Estate have been awarded the National Association of REALTORS ® ’ [NAR’s] Green Designation, the only green real estate professional designation recognized by NAR. Sethi and Oney achieved this prestigious designation after completing 18 hours of course work designed specifically for REALTORS ® .  The courses were created in collaboration with a multidisciplinary team of industry experts from across the country; ensuring designees gain comprehensive knowledge of green homes and buildings and issues of sustainability in relation to real estate. More specifically, Sethi and Oney were trained in understanding what makes a property green, helping clients evaluate the cost/benefits of green building featur

This is a good thing. You are what you eat, and for too long, people thought this was a joke. It's true. Eating healthy, or eating less crap, will help you mentally and physically.     School kitchen upgrades coming to Oakland » View Online   Featured Content   Federal Budget Funds School Kitchen Upgrades, Modifies Nutrition Standards For the third consecutive year, Congress and President Obama have approved funding for schools to purchase kitchen equipment that will help them serve safe and healthy meals. The spending bill also loosens some of the recent updates to the school nutrition standards. Effects on school nutrition »     Featured Video   School Kitchen Upgrades Are Coming to Oakland Officials in Oakland, California, are overhauling the school district's food service facilities to serve more food made from scratch and increase the amount of fresh produce served. Hear how their efforts to modernize and improve school food service are becoming a reality. Watch now»  

You can use the national information in the report  to compare local conditions with national trends and to highlight market conditions as seen by REALTORS®.   The survey provides an overview of what is really happening based on information from the professionals who deal with real estate very day—the REALTOR® members.    Read the Economists’ Outlook Blog Find NAR Research on Facebook Follow NAR Research on Twitter - 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 November 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 $554,831 $549,000 54 Single Family over $1M $2,066,938 $1,698,000 99 Condo/Townhome under $600K $372,256 $365,000 58 Condo/Townhome over $600K $738,815 $720,900 60 San Mateo County, CA Single Family under $1M $713,618 $699,000 51  / 25 Single Family over $1M $4,026,162 $2,350,000 120  / 25 Condo/Townhome under $600K $424,481 $428,000 51  / 24 Condo/Townhome over $600K $1,035,288 $799,000 55  / 14 Santa Clara County, CA Single Family under $1M $688,350 $680,000 59  / 38 Single Family over $1M $2,807,972 $1,888,000 105  / 25 Condo/Townhome under $600K $407,506 $389,000 59  / 28 Condo/Townhome over $600K

So the down payment option is reduced from 3.5% that FHA requires. FHA also requires a 1.75% upfront MI fee and a monthly MI fee. Not sure how this will compare.   Right now the most interesting low down program is from Wells Fargo. They’ll offer you a no MI loan with 5% down at an interest that is only slightly higher than the market rate and but below what it would cost with a monthly mortgage insurance requirement.   Talk to Wells Fargo and to Citi to see who can be more competitive.   http://dsnews.com/news/12-08-2014/gses-officially-lower-down-payment-to-3-percent-for-qualifying-first-time-homebuyers?utm_source=DSNews.com&utm_campaign=a679ecbc1f-Your_Daily_Dose12_9_2014&utm_medium=email&utm_term=0_1924082bfe-a679ecbc1f-174695493     - 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 upda

From DS News   New Home Sales Inch Upward In October Sales of newly built homes picked up in October, but a downward revision to September shows numbers in that segment of the housing market remain volatile. The Commerce Department reported Wednesday that sales of new single-family houses were at a seasonally adjusted annual rate of 458,000 in October, up 0.7 percent from September's revised rate ... »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