Fremont Real Estate Blog

We helped a client buy into Ardenwood community in Fremont 2 wks ago for $885k. Yesterday the same home sold at $950k+.   What I hear is that frustrated buyers from the Peninsula are moving their search to Fremont and applying the same aggressive tactic to buy here in Ardenwood that they used in Palo Alto, Menlo Park & Cupertino.   If you are thinking of selling my advice is to take advantage of this exuberant interest.   From DS News   Economists Retain Positive Outlook Despite ‘Paltry’ GDP Growth in First Q1 Estimate In spite of the recent reports of slow economic growth in Q1, Fannie Mae has maintained its forecast for GDP growth of 2.8 percent this year and its position that the economy will "drag housing upward." Fannie Mae chief economist and SVP Doug Duncan pointed out that the actuals as far as housing – existing home sales, new home sales, and prices – were either at or very close to their predicted levels during Q1, and mortgage purchase applications have been

I see more and more folks at open houses, and more offers being received.     Per DS News Increases in Existing Sales and Prices Suggest Housing is Gaining Momentum in Spring Sharga also noted that while the 5.31 million target number for April is up both month-over-month and year-over-year, a truly healthy housing market would be on a pace for about six million in existing home sales annually. He said the annual rate of existing home sales will probably continue at about the five million range for the next year. 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   Delinquency Rate Drops Below 5 Percent For First Time Since 2007 The delinquency rate (percentage of residential mortgage loans 30 days or more past due but not in foreclosure) dropped to 4.70 percent for March (approximately 2.38 million loans), the first time the rate has been below 5 percent since August 2007. The rate fell by 12 percent since February, the largest month-over-month decline in nine years. 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    

  "E-NEWS" News From the New Haven Unified School District     Summer 2015 Professional Development Descriptions and sign ups for Summer Professional Development 2015 can be found in this linked  brochure .   If you have any questions please contact:   Eileen Nicosia, enicosia@nhusd.k12.ca.us , Suzan-Lee Young, slee-young@ nhusd.k12.ca.us , Scott Pizani, spizani@ nhusd.k12.ca.us , or Lisa Metzinger, lmetzinger@ nhusd.k12.ca.us   We look forward to seeing you in June!!!!   Ballet Folklórico de James Logan Hosts 25th Anniversary Event, May 16 The Ballet Folklórico de James Logan will be celebrating their 25th Anniversary on May 16th in Logan's Center for the Performing Arts. It will be a two-hour extravaganza featuring Mariachis, singers, live Norteño music, live Puerto Rican Folklórico music, Mexican style harpist, Charro (Mexican Cowboy) roping tricks, and special guest professional dance company, the Ballet Folklórico de Carlos Moreno. The shows always sell out so please

·          USD Community Fair Flier - 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    

Fannie Mae Launches Buyer Education Program Fannie Mae recently announced a new online home buyer education course, which allows first-time home buyers to receive up to three percent of the purchase price in closing cost assistance toward the purchase of a HomePath property upon successful completion. Fannie Mae also will reimburse the $75 cost of the home buyer education course at the time of closing. Fannie Mae has partnered with Framework, a nonprofit created by the Housing Partnership Network and the Minnesota Homeownership Center, to offer home buyers a homeownership education course that covers both the complexities of homebuying and the responsibilities of owning a home. The course contains nine, thirty-minute sessions and is entirely online. Those interested in becoming a homeowner are encouraged to take the course as soon as possible. The course must be completed before submitting an offer to qualify. More info     - S unil Sethi SUNIL SETHI REAL ESTATE Helping Families Find

From CAR   California Home Sales and Prices Ratchet Up in March California’s housing market continued to pick up steam as existing home sales and prices propelled higher, with both posting back-to-back increases in March, C.A.R. reported this week. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 391,680 units in March, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide.  Sales in March were up 6.3 percent from a revised 368,400 in February and up 7.3 percent from a revised 365,120 in March 2014.  The year-over-year sales increase was the first back-to-back sales gain since December 2012 and the largest observed since May 2012. The median price of an existing, single-family detached California home jumped in March from both the previous month and year. The median home price was up 9.2 percent from $428,970 in February to $468,550 in March, the highest l

Fremont continued its upward streak in home prices.     - 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      

 

Do you have a couple hundred million to invest? If you you’re eligible to participate in a great opportunity. It’s a shame they couldn’t offer this to smaller investors.   From DS News   Fannie Mae Begins Marketing First-Ever Bulk NPL Sale Fannie Mae announced on Wednesday that it will make available for purchase to qualified bidders a bundle of approximately 3,200 non-performing single-family residential mortgage loans (NPLs) totaling about $786 million in unpaid principal balance (UPB). This will be Fannie Mae's first bulk sale of NPLs as the GSEs push to clear deeply delinquent loans from their mortgage portfolios at the behest of their conservator, the Federal Housing Finance Agency (FHFA).     - 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 m

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 March 28, 2015   Average List Price 30 Days Trend Median List Price 30 Days Trend Average DOM: active/sold 30 Days Trend Number of Listings Alameda County, CA Single Family under $1M $592,027 1.52% $599,000 0.07% 36 -7 601 Single Family over $1M $1,798,343 -6.35% $1,495,000 -0.33% 52 -8 226 Condo/Townhome under $600K $398,193 0.72% $389,999 2.63% 34 -7 158 Condo/Townhome over $600K $747,740 2.48% $725,000 0.89% 28 6 38 San Mateo County, CA Single Family under $1M $771,652 0.78% $770,000 2.67% 28 / 19 -4 / -1 104 Single Family over $1M $4,026,928 5.68% $2,035,000 N/A** 78 / 20 1 / 5 230 Condo/Townhome under $600K $440,256 2.92% $439,000 -4.36% 16 / 32 1 / 23 33 Condo/Townhome over $600K $963,881 3.72% $749,000 -2.09% 67 / 12 -3 / -7 18 Santa Clara County, CA Single Family under $1M $717,219 0.

Not sure what defines a healthy market.   I would describe it as brisk sales with buyers exceeding sellers.   Freom DS News   Study Reveals Housing Market To Be At Its 'Healthiest' Level Since 2001 In its first-ever analysis of the U.S. housing market released Thursday, Nationwide Economics indicated that the national market was at its healthiest level in 14 years. »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