MDA DataQuick released October 2008 sales data for Santa Clara and Alameda counties. The full report can be found here, but I thought I’d summarize some of the key takeaways: Median house price in Santa Clara County was $515K, down 34% vs. Oct 2007. However, the number of single-family homes sold
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11/23/2008
The Bush Administration announced yesterday a new loan modification program in conjunction with 27 loan servicers, including Fannie Mae and Freddie Mac. This could enable mortgage relief (lower payments) for several hundred thousand homeowners who are at least three months delinquent on mortgages
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11/13/2008
There’s been a lot of discussion among the media, economists, and even us real estate agents in Fremont, about what President-elect Obama will do about the housing market. Based on a review of Obama’s previous legislative record, senior leaders of National Association of REALTORS stated that Obam
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11/09/2008
As part of a proposed economic stimulus package, Gov. Schwarzenegger proposed a 90-day freeze on pending foreclosures in California. According to MDA DataQuick, California had 80,000 foreclosures in Q3 2008, so the proposal by Gov. Schwarzenegger is meant to slow down the pace and provide homeown
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11/09/2008
Very cool feature launched recently by the folks at Google Maps, which allows you to find your closest Voting Location. Simply type in your home address, and voila, you will see on the map the name and address of the closest facility. Simply go to http://maps.google.com/vote and type in your ad
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11/04/2008
I’ve received a few requests for info from potential buyers of REO properties in Union City and Hayward on how to get started. In terms of where to start, luckily there are many websites which allow you to customize a property search and specify “REO properties”. For example, on my website, there
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11/03/2008
I had a buyer recently ask me about whether home prices in Fremont and Union City had declined to the point where they could generate positive cash flow right away. Except in rare exceptions, the answer is no. I wanted to at least highlight a scenario for you by looking at recent home sale prices
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10/31/2008
Now that the school year is underway, I was reviewing the website of Mission San Jose High School for announcements. Apparently, this is the first year in which students will be required to pass the California High School Exit Examination (CAHSEE) in order to graduate. Students must earn a score
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09/09/2008
I wanted to pass along that the Fremont Unified School District (FUSD) board recently voted to reinstate bus transportation for secondary schools (Junior highs & High schools) for the 1st semester of the 2008-09 school year. In Fremont, this means that from the beginning of the school year throu
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08/28/2008
The latest test score results for Fremont indicate that the Mission San Jose area schools continue to outperform the rest of the Fremont Unified School District. Although this has rung true for quite some time with Fremont schools (and is reflected in price premiums for Mission homes), the inter
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08/26/2008
