Fremont Real Estate Blog

  Senate Dirty Tricks Continue! Help Save C.A.R. Tax Relief Bill!   Call Your Senator NOW! Urge Support for Amendments to Save SB 30!! In a surprise move last week, the Senate Appropriations Committee linked C.A.R SPONSORED bill, SB 30, which provides tax relief to those who are selling a home in a short sale to SB 391, a C.A.R.-opposed bill that creates a recording tax. This is nothing more than a shameful political maneuver to force C.A.R. to support the recording tax. Senate leadership has forced an amendment to SB 30 that says it cannot take effect unless SB 391 passes as well. Despite C.A.R. opposition and calls from over a thousand REALTORS®, SB 391 passed the Senate Wednesday. Now, C.A.R. will attempt to amend SB 30 to remove the link to SB 391. Even if you have already called your Senator to oppose SB 391, the recording tax, please call again to urge SUPPORT for amendments that will protect SB 30 from dirty tricks! REALTORS® and the public should be OUTRAGED that distressed hom

How to profit if you can’t buy your own home or an investment property. 1.        Consider buying a mutual fund that invests in apartments as rents are increasing. 2.        Invest in lending institutions as interest rates are starting to climb, and these institutions tend to make more money when that happens.   From DS news Report: Foreclosure Inventory Falls 24% from Year Ago Foreclosure inventory continued to shrink in April, with the number of homes in some stage of the foreclosure process down 24 percent year-over-year, according to data from CoreLogic. About 1.1 million homes sat in foreclosure inventory in April compared to 1.5 million properties a year ago, CoreLogic reported. The data provider also reported the number of homes lost to foreclosure decreased 16 percent year-over-year in April to 52,000. » Read More   FDIC Institutions See Record Earnings in Q1, Problem List Shrinks Together, commercial banks and savings institutions insured by the FDIC earned record profits in

17328 Via Melina, San Lorenzo, CA 94580   Ø    Regular Sale Ø    Built in 1952 Ø    3 Bedrooms Ø    1 Baths Ø    2 Car Garage. Ø    1,031 living sqft. Ø    6,000 sqft lot. Ø    Remodeled Kitchen and bathroom Ø    Kitchen/Dining room combination Ø    High-End Stainless Steel Appliances Ø    Hardwood Flooring, and tile in Bathroom. Ø    Custom Closets in all Bedrooms Ø    Dual pane windows Ø    Great lighting, Dual pane windows Ø    Flooring: Beautiful hardwood flooring, tile in bathroom. Ø    Easy access to Peninsula, Hwy 880 Ø    Walking distance to parks     More Details Here Front View Living Room Dining Room. Kitchen Master Bedroom     - 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" .    Love Us on Yel

Case-Shiller Indices Post Biggest Annual Gain Since 2006 Home prices posted their strongest year-over-year gain in almost seven years in March, as the 10- and 20-city indices rose 10.3 percent and 10.9 percent, respectively, according to the Case-Shiller Home Price Indices released Tuesday. The national index, reported quarterly, was up 10.2 percent, the sharpest year-over-year gain since 2006.   -sunil SUNIL SETHI REAL ESTATE Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive) 38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536 Cell 510 388 2436 / Fax 877 437 9877   sunil@sunilsethi.com www.sunilsethi.com    CA DRE#: 01173766    To access most updated listings on MLS from your phone, Download my FREE app from "My Mobile App" . Open House Directory

From DS News Existing-Home Sales Jump to Highest Level Since 2009  Existing-home sales rose 0.6 percent in April to an annual sales rate of 4.97 million, the highest level since November 2009, the National Association of Realtors reported Wednesday. Economists had expected a 1.6 percent increase to 5.0 million from March's original report of 4.92 million sales. March sales were adjusted upward to 4.94 million. The median price of an existing single-family home jumped 11 percent year-over-year to $192,800, the highest since August 2008.   -sunil SUNIL SETHI REAL ESTATE Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive) 38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536 Cell 510 388 2436 / Fax 877 437 9877   sunil@sunilsethi.com www.sunilsethi.com    CA DRE#: 01173766    To access most updated listings on MLS from your phone, Download my FREE app from "My Mobile App" . Open House Directory

From DS News   Fannie Mae: Economy Will 'Reaccelerate' in 2nd Half of 2013 Fiscal drags such as the sequester may have weakened economic momentum, but the economy should "reaccelerate" in the second half of this year as financial and housing conditions improve, according to Fannie Mae's Economic and Strategic Research Group. "Employment numbers are getting better, albeit it at a relatively slow pace, and the April employment picture should help boost consumer sentiment toward the economy overall," said Doug Duncan, chief economist for Fannie Mae. » 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" .    Love Us on Yelp!      Like Us on Facebook  

Zillow: Buying Beats Renting in 64% of Metros After 3 Years According to Zillow, in 64 percent of U.S. metros, buying is more affordable than renting if homebuyers plan to stay in their home for at least three years. In several large metros, it would only take around two years before a buyer reached what Zillow called the "breakeven horizon," or the time it takes for buying to become more financially advantageous than renting. Out of the 30 largest metro areas, Zillow found Miami and Detroit had the shortest breakeven timeline of just two years in the first quarter. In New York, buyers would need to stay in their homes for 5.2 years before reaching the breakeven horizon. » 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 FRE

My theory on this, is that today’s buyers are qualified buyers and many times, we see all cash, at all price levels. The bubble had a lot to do with funny money, which is absent this time.     From DS News   Trulia: Home Price Recovery Not Shaping into Another Bubble While home prices are rising today nearly as fast as they did during the peak bubble years of 2005 and 2006, Trulia reassures bubble-phobes that they can rest easy in its latest report. According to Trulia's findings, home prices are still 7 percent undervalued nationally, having come down from a peak of 39 percent overvalued in 2006. After the bubble burst, prices fell to being 15 percent undervalued at the end of 2011. With prices still undervalued relative to fundamentals, Trulia insists that today's rapid improvements still qualify as a rebound, not a new bubble. » Read More   - S unil Sethi SUNIL SETHI REAL ESTATE Helping Families Find Homes with Great Schools in Fremont, Newark and Union City. Property Sear

For Sale: 4BR/2BA Single Family House in Fremont, CA, $599,000

  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 April 27, 2013   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 $529,609 $525,000 28  / 66 Single Family over $1M $2,036,323 $1,688,880 55  / 57 Condo/Townhome under $600K $342,573 $349,000 25  / 80 Condo/Townhome over $600K $685,118 $654,096 37  / 75 San Mateo County, CA Single Family under $1M $706,783 $699,500 30  / 20 Single Family over $1M $4,173,280 $2,395,000 59  / 14 Condo/Townhome under $600K $420,804 $422,000 33  / 16 Condo/Townhome over $600K $870,404 $759,000 30  / 10 Santa Clara County, CA Single Family under $1M $684,271 $695,000 28  / 27 Single Family over $1M $2,609,938 $1,890,000 54  / 13 Condo/Townhome under $600K $407,233 $399,000 24  / 13 Condo/Tow

- 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" .    Love Us on Yelp!      Like Us on Facebook     To unsubscribe from all marketing please click here . Powered by www.e-agents.com