Pound Ridge NY Unsold Inventory Report | Pound Ridge Homes | RobReportBlog
80 unsold homes
21 sold last six months
22.85 months of unsold inventory
34 sold/pending/conditional contract
14.13 months of inventory
Pound Ridge NY Unsold Inventory Report | Pound Ridge Homes | RobReportBlog.
| Mt Kisco NY Real Estate Report | RobReportBlog | ||
| 2013 | 6 months ending 5/14 | 2012 | |
| 25 | Sales | 23 | |
| $630,000.00 | median sold price | $418,000.00 | |
| $325,000.00 | low sold price | $275,000.00 | |
| $3,950,000.00 | high sold price | $1,475,000.00 | |
| 3188 | average size | 2359 | |
| $288.00 | ave. price per foot | $239.00 | |
| 232 | ave days on market | 214 | |
| $1,055,437.00 | average sold price | $549,706.00 | |
| 94.59% | ave sold to ask | 93.96% | |
Mt Kisco Sales Up 8.6% | Median Price Up 50% | RobReportBlog.
North Jersey Data Center Industry Blurs Utility-Real Estate Boundaries – NYTimes.com
PRESIDENT OBAMA: Hi, everybody. Our top priority as a nation is reigniting the true engine of our economic growth – a rising, thriving middle class. And few things define what it is to be middle class in America more than owning your own cornerstone of the American Dream: a home.
Today, seven years after the real estate bubble burst, triggering the worst economic crisis since the Great Depression and costing millions of responsible Americans their jobs and their homes, our housing market is healing. Sales are up. Foreclosures are down. Construction is expanding. And thanks to rising home prices over the past year, 1.7 million more families have been able to come up for air, because they’re no longer underwater on their mortgages.
From the day I took office, I’ve made it a priority to help responsible homeowners and prevent the kind of recklessness that helped cause this crisis in the first place.
My housing plan has already helped more than two million people refinance their mortgages, and they’re saving an average of $3000 per year.
My new consumer watchdog agency is moving forward on protections like a simpler, shorter mortgage form that will help to keep hard-working families from getting ripped off.
But we’ve got more work to do. We’ve got more responsible homeowners to help – folks who have never missed a mortgage payment, but aren’t allowed to refinance; working families who have done everything right, but still owe more on their homes than they’re worth.
Last week, I nominated a man named Mel Watt to take on these challenges as the head of the Federal Housing Finance Agency. Mel’s represented the people of North Carolina in Congress for 20 years, and in that time, he helped lead efforts to put in place rules of the road that protect consumers from dishonest mortgage lenders, and give responsible Americans the chance to own their own home. He’s the right person for the job, and that’s why Congress should do its job, and confirm him without delay.
And they shouldn’t stop there. As I said before, more than two million Americans have already refinanced at today’s low rates, but we can do a lot better than that. I’ve called on Congress to give every responsible homeowner the chance to refinance, and with it, the opportunity to save $3,000 a year. That’s like a $3,000 tax cut. And if you’re one of the millions of Americans who could take advantage of that, you should ask your representative in Congress why they won’t act on it.
Our economy and our housing market are poised for progress – but we could do so much more if we work together. More good jobs. Greater security for middle-class families. A sense that your hard work is rewarded. That’s what I’m fighting for – and that’s what I’m going to keep fighting for as long as I hold this office.
Obama Weekly Address: Growing The “Healing” Housing Market | RealClearPolitics
Last summer, a Vancouver real estate agent named Keith Roy sold his house. About a month later, he wrote a blog post about it — and set off a firestorm of criticism from fellow real estate agents. “I’m a Realtor and I sold my own home 4 weeks ago. It wasn’t too big or too small. It’s only 6 years old and still feels new. I sold because in 6 months my home will be worth less than it is today. I think it’s time to cash out,” Roy said.
His argument was really simple: the supply of homes on the market was outstripping demand from buyers. Excessive supply and falling demand would lead prices downward. But his fellow brokers felt betrayed. Some even complained that Roy had been disrespectful to the profession. Selling his home was, however, a prescient move.
Home prices in the greater Vancouver area are down 3.9 percent from a year ago, according to the Real Estate Board of Greater Vancouver. In West Vancouver, which is sometimes said to be the wealthiest municipality in Canada, home prices have fallen 5.6 percent. Sales are down 20 percent from a year ago. Vancouver is not alone. All over Canada there is fear that the country is in a housing bubble that is now in the process of popping. In March, Montreal saw sales decline 17 percent year over year, even while inventory continues to climb. In Ottawa, sales have fallen 16 percent.
“A housing correction — or, possibly, a crash — is no longer coming. It’s here,” Macleans magazine declared this past January. The bubble seems fairly obvious, even if it’s existence is still disputed within Canada. Canadian home prices are up nearly 100 percent since 2000. The price-to-rent ratios in major urban population centers are through the roof. In British Columbia, home prices rose 163 percent in the decade from 2001 to 2011, according to a study by the International Monetary Fund.
Although Canada has a reputation for having conservative banks — its banks weathered the global credit crisis without any bailouts — low interest rates have fueled a sort of mortgage and borrowing mania. Household debt has risen to a record 165 percent of disposable income. Total mortgage debt stands at $1.1 trillion. The Canadian government is attempting to engineer a soft landing. It has tightened mortgage lending rules four times in the last four years. The maximum length of mortgages is being reduced from 40 to 25 years. Home equity loans were curtailed. And the government stopped backing mortgages on the most expensive homes.
| Rank | Lender | Market Share |
| 1. | Wells Fargo | 22% |
| 2. | Chase | 11% |
| 3. | Quicken | 5%
|
Here are some interesting charts by Deepak Shenoy on the India Housing Bubble.
India home prices have been going up at a compound annual growth rate (CAGR) of 26% since March of 2009.
Mumbai and Delhi
Mish Shedlock
Shenoy reports Mumbai is growing at a CAGR of 30%, and Dehli is up 47% from a year ago and 250% since March 2009.
Note the transaction volume in Delhi. Transaction volumes and prices are interesting in Bangalore and Chennai as well.
Bangalore and Chennai
Mish Shedlock
Shenoy has details on five other cities as well. Inquiring minds may wish to take a look.
He writes “While India as a composite country is not at a bubble stage right now, it’s important to note that various bubbles are building up in individual cities. If any of these bubbles worsens, then it is likely that other cities will follow. There are no un-correlated prices in a crisis.“
I would suggest that India as a composite certainly is in a housing bubble. The overall HPI shows just that.
India Housing Bubble – Business Insider
