| Bedford Corners NY Weekly Real Estate Report | 9/9/2013 | |
| Homes for sale | 43 | |
| Median Ask Price | $1,495,000.00 | |
| Low Price | $525,000.00 | |
| High Price | $12,000,000.00 | |
| Average Size | 4927 | |
| Average Price/foot | $478.00 | |
| Average DOM | 167 | |
| Average Ask Price | $2,610,686.00 | |
July national home value appreciation rose again in July, up 0.4 percent from June to $161,600, reaching 6 percent year-over-year, the first time year-over-year appreciation rates have reached 6 percent since 2006.
Monthly home values have risen in 20 of the past 21 months, beginning in November 2011 after the U.S. market bottomed in October of that year. The 6 percent national rate of annual appreciation is the highest since August 2006, according to Zillow.
Of the 393 metros covered in July, 289 (73.5 percent) registered month-over-month appreciation, and 303 (77.1 percent) showed annual appreciation. All 30 of the largest metro areas covered by Zillow registered both monthly and annual appreciation in July, and all have hit their bottom and are expected to show appreciation in the next 12 months. Metros with the largest annual gains in July included Sacramento (33.1 percent), Las Vegas (30.8 percent) and San Francisco (27.8 percent).
For the 12-month period from July 2013 to July 2014, U.S. home values are expected to rise another 4.8 percent to approximately $169,308, according to the Zillow Home Value Forecast. Large metro areas expected to show the most appreciation over the next year include Sacramento (19.6 percent), Riverside (19.2 percent) and San Francisco (13.2 percent).
“After three straight months of annual home value appreciation above 5 percent, the U.S. housing market recovery has proven it is on very sound footing. We have entered a new phase in the recovery when we can begin to turn away from ugly recent history and turn toward what the housing market of the future will look like and how it will act. The time to have these discussions is now, and recent efforts by President Obama and both parties in the House and Senate to begin addressing still-lingering structural issues related to housing finance are very encouraging,” said Zillow Chief Economist Dr. Stan Humphries.
“It may be tempting to look at how the market is currently performing and think that tackling GSE reform and other large issues is no longer necessary. But while we can afford to turn away from the recent past, we cannot afford to forget it, and simply ignoring these problems only dooms us to repeat them. How we handle these all-important policy debates will be critical in keeping the housing market on sound footing for years to come,” he said.
National rents also rose in July compared with June, up 0.5 percent to a Zillow Rent Index[iv] of $1,287. Year-over-year, national rents were up 1.7 percent in July.
The number of completed foreclosures in July fell to 4.9 homes foreclosed out of every 10,000 homes nationwide, down from 5.2 homes in June. Foreclosure resales represented 8.7 percent of homes sold in the U.S. in July, down 0.7 percentage points from June and 3.4 percentage points from July 2012.
Zillow Home Value Index (ZHVI) | Zillow Rent Index (ZRI) | |||||
| Metropolitan Areas | July 2013 ZHVI | Month-Month % Change | Year-Year % Change | July 2013 ZRI | Month-Month % Change | Year-Year % Change |
| United States | $161,600 | 0.4% | 6.0% | $1,287 | 0.5% | 1.7% |
| New York, NY | $349,700 | 0.5% | 2.2% | — | — | — |
| Los Angeles, CA | $475,600 | 2.0% | 21.5% | $2,308 | 0.3% | 1.2% |
| Chicago, IL | $167,400 | 1.5% | 2.9% | $1,535 | 0.5% | 0.7% |
| Dallas-Fort Worth, TX | $136,700 | 1.1% | 7.1% | $1,345 | 0.2% | 3.0% |
| Philadelphia, PA | $190,300 | 0.5% | 1.8% | $1,500 | 0.4% | 0.4% |
| Washington, DC | $339,400 | 1.1% | 8.2% | $2,082 | 0.2% | 1.3% |
| Miami-Fort Lauderdale, FL | $167,800 | 1.8% | 13.5% | $1,648 | 0.8% | 3.5% |
| Atlanta, GA | $123,900 | 2.2% | 10.1% | $1,133 | 0.1% | 0.6% |
| Boston, MA | $338,000 | 1.4% | 8.4% | $1,997 | 0.3% | 4.0% |
| San Francisco, CA | $628,200 | 2.6% | 27.8% | $2,549 | 0.0% | 2.7% |
| Detroit, MI | $91,600 | 1.6% | 16.5% | $1,036 | 1.8% | 1.1% |
| Riverside, CA | $234,300 | 3.5% | 27.3% | $1,584 | 0.3% | 2.6% |
| Phoenix, AZ | $179,400 | 2.5% | 22.2% | $1,147 | -0.3% | 0.0% |
| Seattle, WA | $302,600 | 2.3% | 15.3% | $1,660 | 0.3% | 3.2% |
| Minneapolis-St Paul, MN | $191,800 | 1.2% | 12.5% | $1,458 | 0.1% | 1.4% |
| San Diego, CA | $428,900 | 2.1% | 23.1% | $2,143 | 0.3% | 3.0% |
| St. Louis, MO | $128,900 | 0.2% | 1.4% | $1,080 | 0.7% | -1.7% |
| Tampa, FL | $125,000 | 2.4% | 12.8% | $1,205 | 0.3% | 2.8% |
| Baltimore, MD | $230,300 | 1.2% | 5.7% | $1,677 | 0.3% | 0.3% |
| Denver, CO | $245,100 | 1.6% | 13.4% | $1,564 | 0.4% | 5.0% |
| Pittsburgh, PA | $113,400 | 0.8% | 2.8% | $992 | -2.1% | -5.2% |
| Portland, OR | $253,700 | 1.8% | 14.9% | $1,427 | 0.3% | 3.6% |
| Sacramento, CA | $274,600 | 2.9% | 33.1% | $1,462 | 0.4% | -0.3% |
| Orlando, FL | $139,700 | 1.6% | 15.1% | $1,242 | 0.2% | 3.5% |
| Cincinnati, OH | $126,800 | 0.9% | 2.3% | $1,132 | 0.2% | 10.4% |
| Cleveland, OH | $116,100 | 1.0% | 4.6% | $1,107 | 0.2% | 2.9% |
| Las Vegas, NV | $151,600 | 2.5% | 30.8% | $1,155 | 0.2% | 0.3% |
| San Jose, CA | $735,700 | 2.2% | 25.1% | $2,669 | 0.6% | 3.5% |
| Columbus, OH | $132,200 | 0.9% | 5.6% | $1,182 | 0.4% | 2.1% |
| Charlotte, NC | $138,000 | 0.8% | 2.8% | $1,146 | -0.1% | 1.0 |
Generally, the more windows you need to install, the more expensive the installation price. But installation professionals will charge less per window if you install several at the same time. So if you’re thinking about only replacing a couple of windows, it might make sense for you to talk to your pro about the cost of installing multiple windows at one time. It may save you money in the long run. Continue Reading
According to Window Replacement DC – Hyattsville, windows tend toward different dimensions depending on where they’re needed. Living rooms typically have larger picture windows hung in multiples ranging from 3×4′ to 6×6′. Standard bathroom windows are quite a bit smaller, ranging from 2×1.5′ to 2×3′. Major window manufacturers can customize windows to any dimensions, but be aware that you may pay more for odd sizes.
Vinyl windows are inexpensive and require little or no maintenance. They’re also extremely durable; changes in humidity don’t cause them to swell or shrink. Most vinyl window manufacturers stand behind their products with strong warranties. Their greatest drawback is that they’re not as sturdy or attractive as wood. Wood frames, on the other hand, cost more and require much more maintenance. Fail to repaint and finish wooden window frames and they become susceptible to the elements. But all that work and money can be worth it for the classic, authentic architectural appeal of wood. That’s why some historical neighborhoods have covenants requiring that windows be framed with wood. New composite windows attempt to capture the best of both worlds by mixing PVC polymers with wood fiber to create a stronger, more attractive synthetic window frame.
New windows can save you considerable money on your utility bills and make your home more comfortable. Windows are rated by the U-factor. The lower the U-factor, the more energy efficient and higher the initial cost. You’ll pay more for double-pane windows, but they will pay for themselves over time. Experts say double-pane windows can save up to 24 percent in cold climates during the winter and up to 18 percent in hot climates during the summer. More about double-pane options.
Replacing existing windows is, of course, usually cheaper than cutting walls for new ones. You might consider talking to both your contractor and a security firm about how to make your windows safe from burglars. Also, be aware that windows above the first floor may be more expensive to install because of access issues.
Photo of Reed Krakoff by Douglas Friedman/Elle Decor; Photo of Lisa Perry by Oberto Gili/Elle Decor
It’s not surprising that the homes of fashion designers have always been something of a fascination for shelter magazines; after all, these people presumably possess the kind of taste level well beyond the average person’s and have the means to perfect their glassy mansions or restored palaces, or, in some cases, large collection of estates. This month’s Elle Decor asks seven fashion designers to pose in their favorite room: for Coach honcho Reed Krakoff—who’s Manhattan townhouse is the stuff of legends—that means a sweeping foyer filled expressing “artisanal craftsmanship combined with warm modernism”; for Lisa Perry that means a bright, “blinding in its whiteness” entry hall filled with Pop Art. Head to Elle Decor for Carolina Herrera, Donna Karan, and more.
· Fashion Favorites [Elle Decor] ·
Behold Fashion’s Loveliest Homes, as Seen in Shelter Books [Curbed National]
Welcome to our weekly edition of what’s hot in social media news. To help you stay up to date with social media, here are some of the news items that caught our attention.
Topsy Offers Entire History of Public Tweets: “If you’re curious about your own first tweet—or any other piece of Twitter history” be sure to check it out.
You can now search through the entire Twitter archive.
SlideShare Redesigns Browse Page: “The experience is much more visual, and like before, you can sort through SlideShares based on topic category, content type, language and date. Users can now also share, save and like SlideShares directly on the browse page.”
The new update makes “SlideShares more easy to find, share and enjoy.”
LinkedIn Adds Volunteer Aspirations to Profile: “You will be able to share your philanthropic aspirations on your LinkedIn profile by calling out whether you want to volunteer and serve on a nonprofit board.”
“Your network is more likely to send volunteer and board opportunities your way if they know that you’re looking and what you’re looking for.”
Here’s more noteworthy news to follow:
SlideShare Updates Privacy Policy: SlideShare is updating its privacy policy to help clarify existing language and help SlideShare “prepare for future features and functionality” that they “anticipate will continue to add value” to the user experience.
Here are a couple of interesting social media tools worth noting:
Strike Social: A tool to discover how well your content is performing on YouTube.
Spirit: A tool to set your tweets to disappear with a simple hashtag.
Check out Spirit if you’d like to put a lifespan on any of your tweets.
Don’t miss this:
[Photo via Lancor Architects]
A Curbed reader has discovered the architect of Coconut Grove’s imperiled organic modern Chart House Restaurant to be Joe Lancor of Honolulu, Hawaii. The restaurant is listed on his website. Over the years, Mr. Lancor has designed dozens of Chart Houses for the chain, each one of them unique. ·
Lancor Architects [lancorarchitects] ·
Should Coconut Grove’s Organic Mod Chart House Be Saved? [Curbed Miami]
Bing are giving their video search results a much needed makeover and users of the site will find larger video thumbnails, extra search filters and pop out hover previews part of the new package. In an announcement via their blog, the company promised the new streamlined navigation would lead to a better browsing experience for the video content it pulls in via YouTube and Vimeo as well as from Dailymotion, Hulu, Vevo, CBS, MTV and MSN amongst others.
Bing wants to provide a “completely re-imagined search experience” for video so let’s take a look at some of the new upgrades:
The new video overlay tweak allows users to multitask by continuing to browse through their search results whilst currently watching a video. Bing have also introduced a side bar of ‘related videos’ to provide the user with more relevant results.
New larger thumbnails should make it much easier for users to scan through videos until they find the one they want.
Rather than take you off site to see whether the video you have chosen is the one you want, the new pop out hover preview allows you to see just that. Bing have provided much more information regarding the video (favicons from the top sites, descriptions, view counts etc). There is also a new volume control feature.
Source: Bing Video Search Gets Fancy New Features For A Better User Experience
http://www.reelseo.com/bing-video-search-new-features/#ixzz2eOvjJPKw
Some 19 out of the top 100 markets show a complete price recovery in July from the peak-to-trough decline amount attributable to the housing bubble – up from the 16 that showed full recovery in June.
Six of these markets again belong to the state of Texas, and two belong to Oklahoma, according to the Homes.com Rebound Report. Some 41 markets showed more than a 50% rebound – up from the 38 in June.
The Homes.com Rebound Report uses the Homes.com Local Market Index data back to 2000, but it focuses on the period from 2005 forward when identifying peaks and troughs to isolate the impacts of the Great Recession, a recently marked global economic decline that also correlated with the bursting of the U.S. housing bubble.
The Homes.com Local Market Index report tracks repeat sales of properties for both single family and multi-unit/condominium sales in separate indices for the top 100 Local Markets as determined by the U.S Census Bureau Core Based Statistical Areas (CBSAs). The Homes.com Rebound Report tracks how far each market has recovered from its peak-to-trough decline in index value attributable to the Great Recession, a recently marked global economic decline that correlated with the bursting of the housing bubble.
http://www.realestateeconomywatch.com/2013/08/one-fifth-of-top-markets-rebound-to-peak-prices/
Zaha Hadid’s swoopy, otherworldly One Thousand Museum condo tower in downtown Miami will have – gasp! – normal kitchens, according to a new sales brochure put out on the project’s website. (h/t: BuzzBuzzHome) They will be really nice normal kitchens of course, with appliances that hide behind fancy shmancy cabinetry by Italian kitchen firm GattoCucina, but normal kitchens nonetheless. Check out the kitchen, above, and a few detail renderings of the building’s exterior we found lying around the web that haven’t been seen much, after the jump.
· One Thousand Museum [1000museum] · Smell this: new details and images for One Thousand Museum by Zaha Hadid [BuzzBuzzHome] · One Thousand Museum coverage [Curbed Miami]
