Fremont Real Estate and Beyond

FEMA announced late Friday that it will once again renew flood insurance policies, which were halted during the partial federal government shutdown.  This has affected ~40,000 home sale transactions nationwide.  More info here-- https://rismedia.com/2018/12/31/nar-helps-secure-fema-reversal-shutdown/

BayEast posted their East Bay housing statistics for the month of November.  You can find it here: https://bayeast.org/community-info/community-info/ Click on the city you want and then "Housing Market Information" followed by "Current Attached" or "Current Detached"

Marketplace's, "Make Me Smart" podcast did a great report on the affordability crisis of housing in the US. 

Per the Freddie Mac news release.  This opens the door for obtaining loans with realistic interest rates to those who may not be able to afford a traditional home.  The next step is getting through the prohibitive park approvals... Freddie Mac (OTCQB: FMCC) today announced CHOICEHomeSM conventional financing for manufactured housing to help increase the availability of the quality affordable homes that borrowers want, while providing lenders with the innovative financing options they need. Today’s manufactured homes can deliver outstanding quality at prices that are up to 50 percent less per square foot than conventional site-built homes. These savings can enable more Americans to own their own home, even in the face of an ever-widening housing affordability gap. “Finding a home is more difficult than ever because of the ongoing housing supply shortage in many parts of the country, especially when looking for a home at a lower price point,” said Mike Dawson, vice president ...

I got this email from a lender.  If you're interested, please email or leave a response to this blog and I'll connect you.   -- For the third year in a row, the Federal Housing Finance Authority (FHFA) has increased the amount of money that can be borrowed through a standard home loan. Not planning to buy soon? Please keep reading to see why this news can still be important to you. The details:  • The  standard loan limit (also known as conforming loan limit) rose by 6.9%  to a maximum amount of $484,350. In certain high cost areas, it’s even more.  • The percentage increase is equal to the national appreciation average over the last year. • Loan limits were kept high for 10 years, even as values declined. Now that the market has surpassed prior peaks, loan limits are on the rise again. This means you may be able to: • Purchase a higher priced home with  more financing options, possibly including lower rates . • Refina...

Costar, the commercial real estate data behemoth that owns Loopnet and Apartments.com recently purchased Cozy.co, the landlord management system.  It will be interesting to see how they connect their current holdings with Cozy to make the purchase and management of properties more streamlined. More info here-- https://cozy.co/blog/great-news-cozy-joins-costar/

BayEast posted their East Bay housing statistics for the month of October.  You can find it here: https://bayeast.org/community-info/community-info/ Click on the city you want and then "Housing Market Information" followed by "Current Attached" or "Current Detached"