Fremont Real Estate Blog

Courtesy of Chicago Title for this chart on real estate withholding by state for non-residents. There are currently 16 states with some type of state withholding requirements or reporting for nonresident sellers. Those states are: -- Sunil Sethi  /  REALTOR,  Broker, MBA, CPA(inactive), GREEN www.sunilsethi.com BRE #01173766                              

I found these two charts from Redfin's latest market analysis most telling.  The first is telling us housing inventory has been declining for the last 3 years. If you recall, recently I posted about Zillow forecasting supply will take an uptake in the 1st half of 2022. Hopefully that ends up being the case. Otherwise, we'll continue to see a strong rise in prices.  The second chart on Buyer Demand, states it was higher in 2021 than the last two years, and based on the buyer inquiries I've been getting lately, I expect this to continue into 2022's buying season which runs from January to May.  My advice is don't wait for a recession. Buy sooner to get a lower price.  -- Sunil Sethi  /  REALTOR,  Broker, MBA, CPA(inactive), GREEN www.sunilsethi.com BRE #01173766                              

More than two-thirds (69%) of panelists said they expect inventory will begin to grow in the second half of this year or the first half of 2022.  I hope they're right, Fremont, Newark, Union City need to offer more choices for all the buyers interested in owning their first home.  read more here: https://www.zillow.com/research/zhpe-q1-2021-work-from-home-29311/ -- Sunil Sethi  /  REALTOR,  Broker, MBA, CPA(inactive), GREEN www.sunilsethi.com BRE #01173766                               * *I will never send you wire instructions. They will come directly from the escrow and title company