Fremont Real Estate Blog

NerdWallet recently crunched two years of realtor.com® data that reflected the 50 largest U.S. metros. Researchers found that January and February were the top months for those looking to get a bargain. In those months, home sales prices were 8.45 percent lower on average than in June through August. However, this year may be a little different. Buyer demand has remained high throughout the fall, and home prices did not take their usual dip this January, says Jonathan Smoke, realtor.com®’s chief economist. Still, he maintains right now is a favorable time to buy due to the ratio of inventory to sales (in other words, the number of homes for sale versus the amount of the competition). In 2016, he says, there were nearly double as many people buying in June than in January. Further, NerdWallet’s analysis found a 47 percent drop in January sales when compared with July over the past two years of data. NerdWallet’s analysis found that in the previous two Januarys, ...

  Learn bootcamp-style about current issues impacting you   Release Date: 01/20/2017 Get Informed, Get Inspired at Union City's CityWorks Bootcamp Union City invites residents and businesses in town to attend the CityWorks Bootcamp on Saturday, February 25th from 8:30AM to 4:00PM at the Crowne Plaza on Alvarado-Niles Road. The CityWorks Bootcamp is part of a new effort to educate and foster dialogue with the public about issues that affect them the most, like traffic, jobs, housing, parks and public safety. In previous years, City officials hosted a 9-week program called the City Services Academy to help the public learn about the nuts and bolts of city operations. However, organizers realized the need to modernize and reinvent the City Services Academy to make it more accessible. The new CityWorks Bootcamp requires less of a time commitment and is more tailored to the public’s interest, focusing on issues rather than operations. City Manager Tony Acosta states, “W...

Homeownership rates are down across the board, but they're dropping most among millennials, who saw rates plunge from 40 percent in 2006 to 32 percent in 2015. However, in a few American cities, millennials are bucking the trend, opting to buy over rent, according to a recently released analysis by SmartAsset.com that looked at homeownership rates among household heads who were less than 35 years old. Researchers found that in some cities the homeownership rate for millennials is quite high, such as in Elk Grove, Calif. The millennial homeownership rate there was a whopping 60 percent in 2015. That percentage is much higher than other locales that are seeing some of the lowest number of millennials buying at just 11 percent, such as in Orlando, Fla., or Cleveland, Ohio. The Northeast region is also seeing some of the lowest in purchasing from millennials. SmartAsset.com identified the following 10 cities as where millennials are buying up homes at the fastest rates: Sioux Falls, S....

Foreclosure filings — default notices, scheduled auctions, and bank repossessions — were reported on 933,045 U.S. properties in 2016, down 14 percent from 2015 to the lowest level since 2006, when there were 717,522 U.S. properties with foreclosure filings, according to ATTOM Data Solutions. ATTOM’s year-end foreclosure report is a count of unique properties with a foreclosure filing during the year based on publicly recorded and published foreclosure filings collected in more than 2,500 counties nationwide, with address-level data on more than 23 million foreclosure filings historically also available for license or customized reporting. See full methodology below. The report also includes new data for December, when there were 85,919 U.S. properties with foreclosure filings, down 1 percent from the previous month and down 17 percent from a year ago — the 15th consecutive month with a year-over-year decrease in foreclosure activity. More info     SUNI...

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 December 31, 2016   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 $646,335 0.68% $629,950 -0.01% 53 -1 352 Single Family over $1M $1,924,624 0.42% $1,441,500 -2.60% 83 -3 142 Condo/Townhome under $600K $440,958 -0.84% $437,000 -2.19% 40 -7 93 Condo/Townhome over $600K $770,083 1.62% $733,889 -1.03% 51 8 77 San Mateo County, CA Single Family under $1M $795,572 1.77% $799,000 0.50% 52 / 25 -7 / 5 57 Single Family over $1M $4,223,832 -1.17% $2,099,800 -8.31% 117 / 30 1 / -4 142 Condo/Townhome under $600K $485,234 1.79% $499,000 -0.18% 60 / 39 8 / 2 19 Condo/Townhome over $600K $1,004,058 8.45% $858,000 1.06% 3...

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