Author Archives: Robert Paul

About Robert Paul

Robert is a realtor in Bedford NY. He has been successfully working with buyers and sellers for years. His local area of expertise includes Bedford, Pound Ridge, Armonk, Lewisboro, Chappaqua and Katonah. When you have a local real estate question please call 914-325-5758.

Bedford Town supervisor update

March 16, 2020
Supervisor Update on COVID-19
As you may know, I issued an emergency declaration last week and an additional order yesterday.  We understand that two Bedford residents have been tested positive, though I have not yet received official notification from the Westchester County Department of Health.  It is highly likely that more Bedford residents will test positive.
This is uncharted territory. Our obligation is to take action to protect public health and safety, erring on the side of caution. We have taken the following actions: 

  1. Closure of Town Offices  We have closed Town Offices to the public, except by appointment with the Tax Receiver for cash payments.  We encourage you to make payments by check or money order (utilizing the drop box in front of 425 Cherry Street) or online at www.bedfordny.gov(click on “Pay Taxes and Parking Tickets”).  Only essential employees will be coming to work on a staggered basis in observance of the Governor’s order regarding staffing.  
  2. Town Parks  Due to the use of playground equipment, basketball courts and other town park facilities in which groups gather and have close physical contact, I have closed the hamlet parks (Bedford Hills Memorial Park, Bedford Village Memorial Park and Katonah Memorial Park) and Canine Commons to vehicular traffic (except emergency vehicles).  You certainly may walk into the parks, use the trails and grounds, but please no groups and we ask that you please observe social distancing. We are looking into whether we can re-open the parks to vehicular traffic, but only if we can do so without compromising the public safety. 
  3. Cancellation of Programs, Events and Meetings  We have cancelled meetings of advisory committees and boards. We are deciding on a case by case whether to cancel meetings of the Planning Board, Zoning Board of Appeals and other permitting boards. We will hold tomorrow’s meeting of the Town Board with videoconferencing capability (see notice). 

I wish to share with you the following:Quarantine and IsolationMany of you asked for more clarity on quarantine parameters. Included in this email are links to the information released by New York State Health Commissioner Dr. Zucker for testing guidance: https://www.governor.ny.gov/sites/governor.ny.gov/files/atoms/files/Interim_Testing_Guidance_COVID-19.pdfand quarantine and isolation guidance:https://www.governor.ny.gov/sites/governor.ny.gov/files/atoms/files/Interim_Containment_Guidance_COVID-19.pdfPrice GougingIf you are witnessing price gouging on items like cleaning supplies, toilet paper or soap, please encourage them to call the New York State Department of Consumer Protection.They have launched a toll-free hotline 1-800-697-1220 and will investigate reports of unfair price increases amid the novel coronavirus outbreak. Testing  I’ve been asked about the status of expansion of testing capabilities. I asked Dr. Sherlita Amler, Westchester County Commissioner of Health on a conference call today among other Town supervisors.  She replied that the leading effort now is to provide drive-through testing.  
For maximum safety, patients remain in their cars for the tests, which are administered by a public health professional outfitted in protective clothing. Each appointment would only take a few minutes. Prevention  Please continue to take “everyday” preventive measures of avoiding exposure to other illnesses.   

  • Avoid close contact with people who are sick.
  • Avoid touching your eyes, nose, and mouth.
  • Stay home when you are sick.
  • Cover your cough or sneeze with a tissue, then throw the tissue in the trash.
  • Clean and disinfect frequently touched objects and surfaces using a regular household cleaning spray or wipe.

Follow CDC’s recommendations for using a facemask.

  • CDC does not recommend that people who are well wear a facemask to protect themselves from respiratory diseases, including COVID-19.
  • Facemasks should be used by people who show symptoms of COVID-19 to help prevent the spread of the disease to others.
  • Wash your hands often with soap and water for at least 20 seconds, especially after going to the bathroom; before eating; and after blowing your nose, coughing, or sneezing.
  • If soap and water are not readily available, use an alcohol-based hand sanitizer with at least 60% alcohol. Always wash hands with soap and water if hands are visibly dirty.

 For information about handwashing, see CDC’s Handwashing websiteFor information specific to healthcare, see CDC’s Hand Hygiene in Healthcare Settings
These are everyday habits that can help prevent the spread of several viruses. Chris BurdickTown Supervisorsupervisor@bedfordny.gov914-666-6530

NYSAR reports NYS prices up | Chappaqua NY Real Estate

January home sales spur optimism for 2020 New York State housing market

Albany, NY – Closed sales and pending sales were up in January in year-over-year comparisons, fueling optimism for a robust 2020 housing market, according to the housing market report released today by the New York State Association of REALTORS®.

Closed sales improved 4.1-percent to 9,204 units from 8,842 houses at the start of 2019. Pending sales were also up in year-over-year comparisons, escalating to 8,895 houses – a 5.6-percent increase over January 2019’s total of 8,421 homes.

The median sales price continued to appreciate as the calendar turned to 2020. The statewide median sales price was $300,000 – an increase of 9.1-percent from the January 2019 median of $275,000.

New listings were down to 14,370 homes – a 2.9-percent decrease from 14,806 homes in January of 2019.

The monthly average commitment rate for a 30-year fixed mortgage continues to be affordable, dropping to 3.62-percent in January according to Freddie Mac. Days on the market remained unchanged from January 2019 at 77 days.

Data and analysis compiled for the New York State Association of REALTORS® by Showing Time Inc.

Pending home sales jump 5.7% yoy | Armonk Real Estate

Pending home sales rebounded in January, ticking up following a decline in December, according to the National Association of Realtors®. Only the West region reported a minor drop in month-over-month contract activity, while the other three major regions each saw pending home sales grow. Year-over-year pending home sales activity was up in all four regions and thus up nationally compared to one year ago.

The Pending Home Sales Index (PHSI),* www.nar.realtor/pending-home-sales, a forward-looking indicator based on contract signings, grew 5.2% to 108.8 in January. Year-over-year contract signings increased 5.7%. An index of 100 is equal to the level of contract activity in 2001.

“This month’s solid activity – the second-highest monthly figure in over two years – is due to the good economic backdrop and exceptionally low mortgage rates,” said Lawrence Yun, NAR’s chief economist.

Infographic: January 2020 Pending-Home Sales

See and share this infographic.

“We are still lacking in inventory,” he said, noting December’s and January’s combined supply was at the lowest level since 1999. “Inventory availability will be the key to consistent future gains.”

Pointing to data from active listings at realtor.com®, Yun says the year-over-year increases show a strong desire for homeownership. Markets drawing some of the most significant buyer attention include Fort Wayne, Ind.; San Francisco, Calif.; Sacramento, Calif.; Lafayette, Ind.; and San Jose, Calif.

“With housing starts hovering at 1.6 million in December and January, along with the favorable mortgage rates, among other factors, 2020 has so far presented a very positive sales climate,” Yun said. “Moreover, the latest stock market correction could provide exceptional, even lower mortgage rates for a few weeks, and that would help bring about a noticeable upturn in the coming months.”

January Pending Home Sales Regional Breakdown

The Northeast PHSI rose 1.3% to 92.9 in January, 1.2% higher than a year ago. In the Midwest, the index increased 7.3% to 105.3 last month, 6.5% higher than in January 2019.

Pending home sales in the South grew 8.7% to an index of 129.4 in January, a 7.1% increase from January 2019. The index in the West declined 1.1% in January 2020 to 92.6, still a jump of 5.5% from a year ago.

The National Association of Realtors® is America’s largest trade association, representing more than 1.4 million members involved in all aspects of the residential and commercial real estate industries.

# # #

*The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.

The index is based on a large national sample, typically representing about 20% of transactions for existing-home sales. In developing the model for the index, it was demonstrated that the level of monthly sales contract activity parallels the level of closed existing-home sales in the following two months.

An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined. By coincidence, the volume of existing-home sales in 2001 fell within the range of 5.0 to 5.5 million, which is considered normal for the current U.S. population.

NOTE: Existing-Home Sales for February will be reported March 20. The next Pending Home Sales Index will be March 30; all release times are 10:00 a.m. ET.

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https://www.nar.realtor/newsroom/pending-home-sales-ascend-5-2-in-january

New home sales surge | North Salem Real Estate

Contracts for new, single-family home sales increased 7.9% in January to a 764,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the Census Bureau. The increase came off an upwardly revised December estimate, which was revised from an initial reading of 694,000 to a new estimate of 708,000. Year-over-year, the January estimate is 18.6% higher than the same period in 2019. The three-month moving average for new home sales reached 721,000 in January, the strongest since September 2007. Sales were strong in January, supported by lower mortgage rates and historically low unemployment.

Regionally, new home sales were up 4.8% in the Northeast, 30.3% in Midwest, and 23.5% in the West, and down 4.4% in the South.

Compared to last month, inventory of new homes for sale increased 0.3% to 324,000 in January. Year-over-year, inventory of new homes for sale was 6.6% lower than a year ago (347,000). The current months’ supply fell to 5.1 in January, pointing to additional production gains.

Median new home sales price (price of a home in the middle of the distribution) rose 7.4% in January to $348,200 compared to December ($324,100) and 14.0% higher than a year ago ($305,400).

About 9% of newly built home sales are priced under $200,000 in January, compared to 11% last month and 9% one year ago. The number of new homes priced above $400,000 increased.

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Spring time in NYC | Mt Kisco Real Estate

Ah, spring. The days get longer, the weather starts to warm up and—in New York City, circa 2020—there are at least these 14 other reasons to get excited.

1.  The spinning wheel has got to go ’round. Coney Island’s amusement parks open on April 4, which will mark an auspicious occasion: 100 years since the Wonder Wheel debuted. Over the past century, millions have sat in one of the Ferris wheel’s enclosed cages and surveyed the rides, boardwalk and ocean from up high. While you’re down in Coney, make sure to enjoy a couple of the Wonder Wheel’s cronies: the wooden Cyclone roller coaster (est. 1927) and hot-dog fave Nathan’s (est. 1916). —Andrew Rosenberg

2.  Hudson Yards is getting an Edge. The City’s latest observation deck, Edge (opening March 11), will also be its highest open-air platform for taking in the vistas.­ Bird’s-eye views of Manhattan’s skyline may be nothing new, but looking down 1,000-plus feet through a glass floor certainly is. Yikes! —Brian Sloan

3.  Our Instagram feeds will be well fed. Yayoi Kusama is coming. In May, the New York Botanical Garden will host Kusama: Cosmic Nature across its 250 acres, sprinkling neon colors, polka-dot sculptures and mirrored installations amidst its already eye-catching spring blooms. —Gillian Osswald

4. The music of the ’90s is having a moment. Two of the decade’s preeminent artists are playing big shows in NYC: Radiohead frontman Thom Yorke brings his solo electronic act to Radio City on March 30 and Hammerstein Ballroom on March 31 and April 1. Also on March 30, Pearl Jam rocks Madison Square Garden. How good will the show be? We have a feeling you’ll give it a 10. —Christina Parrella

5.  We’ve got other decades covered, too. Fans of Carly Simon can anticipate a tribute to her that features Cyndi Lauper, the Indigo Girls, Michael McDonald and many more at Carnegie Hall on March 19. Other big shows include Billie Eilish at Barclays Center (March 20); Blood Orange at Radio City (March 21); Lisa Loeb at Le Poisson Rouge (March 22); Elton John at Madison Square Garden (April 6–7) and Barclays (April 10–11); The Darkness at Webster Hall (May 13); Fetty Wap at Gramercy Theatre (May 18); Madness at Hammerstein Ballroom (May 22); Kesha and Big Freedia at Pier 17 (May 28); and continued residencies from Billy Joel at MSG (March 19, April 10 and May 2) and They Might Be Giants, playing Flood, at Bowery Ballroom (April 11 and May 9). —nycgo.com staff

6.  Plus, it’ll be a vintage season for wine and song. City Winery’s spacious new waterfront venue at Hudson River Park’s Pier 57 promises barrels of fun (and wine and music and views). Who can it be playing the first month? It’s singer-songwriter Colin Hay, the voice behind Men at Work (April 7–8). And nothing compares to the rest of the early lineup, which includes Sinéad O’Connor (April 13, 14 and 16) and Graham Parker (May 19 and 21). —AR

7. There will be bonnets to behold. New Yorkers never pass up an opportunity to dress up, and the Easter Parade and Bonnet Festival (April 12) is no exception. Judging by last year’s looks, we’ll see plenty of floral headpieces, spring-themed ensembles and pastel pageantry on the stroll up Fifth Avenue. —GO

8.  Art is all around. If you’ve ever wondered about Jackson Pollock’s work before he adopted his drip-and-splatter technique, check out Away from the Easel: Jackson Pollock’s Mural at the Guggenheim Museum. The exhibition (opening March 28) displays a giant colorful mural Pollock painted for the entrance of Peggy Guggenheim’s Manhattan townhouse. It’s the piece’s first NYC appearance in more than 20 years. Over at The Met, the Costume Institute presents its spring exhibition, About Time: Fashion and Duration. The exhibition (opening May 7) traces the timeline of fashion from the 1870s to the present. —CP

9.  A Watergate-era thriller will be a topic of conversation. 1974 was a landmark year for film, headlined by Chinatown and Francis Ford Coppola’s The Godfather Part II. But a less showy Coppola release of the time, The Conversation, may be more resonant than either thanks to its handling of queasy topics like surveillance, privacy and paranoiaHead to the Film Forum to catch a screening of a restored 35mm print (March 20–April 2). Gene Hackman and John Cazale star; pre-fame Cindy Williams, Harrison Ford and Teri Garr show up too. —AR

10.  Broadway’s going to have Company. A new production of Stephen Sondheim’s ode to singlehood, which took London by storm, comes to New York. Its twist: the main role of bachelor Bobby becomes single lady Bobbie. Katrina Lenk (The Band’s Visit) takes the lead, with Patti LuPone (War Paint) serving up “The Ladies Who Lunch” as Joanne. —BS

11.  We’ll see every side of comedy. Three funny festivals come to NYC, led by the return of the Brooklyn Comedy Festival (March 30–April 5). Its lineup befits the borough’s alt-comedy sensibilities; highlights include NPR’s Ask Me Another, hosted by Ophira Eisenberg, at the Bell House (April 1), and Jo Firestone hosting Friends of Single People at Littlefield (April 2). Chris Gethard spins his Beautiful/Anonymous podcast into Beautiful Cononymous (May 14–17), which opens with Gethard watching the movie Contact and then discussing it with a podcast caller who told him he should see it. The Satire and Humor Festival (March 27–29), at Caveat and The Magnet, focuses on those who elicit laughter through the written word, featuring favorites from The New Yorker and The Onion. Spring also brings Ali Wong’s run at the Beacon Theatre (March 29–April 4), Demetri Martin at the Bell House (April 7–8), Bill Bellamy at Carolines (April 9) and Jim Gaffigan at Radio City (April 9–11). —nycgo.com staff

12.  A rebel and his bike are back. Pee-Wee’s Big Adventure returns to the big screen for a 35th anniversary celebration at the Beacon Theatre (March 25–26). Pee-Wee himself, Paul Reubens, will be on hand for a live presentation and Q&A if you want to ask him if there’s a basement in the Beacon. —BS

13.  This could be the last season of baseball as we know it. Are we being a tiny bit dramatic? Probably. But the existing structure of the minor leagues is precarious, and this could be the last stand for the Staten Island Yankees. The Brooklyn Cyclones, the Mets’ New York–Penn League affiliates, may change leagues after this season. If some reports are to be believed, this may be your final chance to see pitchers bat in Mets games—the designated hitter could arrive in the National League as soon as 2021. There may be no major changes evident for the Yankees, save for adding Gerrit Cole to their rotation—but that acquisition could help end their 10-season championship drought (normal for most teams, but not the perennial contenders in the Bronx). —nycgo.com staff

14.  There’s a new Strand location on the Upper West Side. It opens in March. And that’s not all the City has to offer bookworms.—nycgo.com staff

Home Price Appreciation up 3.8% | South Salem Real Estate

National home prices continued to increase in December 2019. Nineteen metro areas had positive home price appreciation while Cleveland saw home price decline in December.

The S&P CoreLogic Case-Shiller U.S. National Home Price Index, released by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of 5.7% in December, following a 5.8% increase in November. On a year-over-year basis, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index posted a 3.8% annual gain in December, up from 3.5% in November. It was the highest year-over-year gain since February 2018. Home prices are expected to continue rising in 2020 as tight inventory remains a concern.

Meanwhile, the Home Price Index, released by the Federal Housing Finance Agency (FHFA), rose at a seasonally adjusted annual rate of 7.6% in December, after a 3.3% increase in November. On a year-over-year basis, the FHFA Home Price NSA Index rose by 5.2% in December, after an increase of 5.0% in November.

In addition to tracking home price changes nationwide, S&P also reported home price indexes across 20 metro areas. In December, the annual growth rates of the 20 metro areas ranged from -1.6% to 11.4%, while nine of the 20 metro areas exceeded the national average of 5.7%. Among the 20 metro areas, Phoenix, Seattle and San Francisco had the highest home price appreciation in December. Phoenix led the way with an 11.4% increase, followed by Seattle with a 9.4% increase and San Francisco with an 8.7% increase. Cleveland (-1.6%) had negative home price appreciation in December.

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Mortgage Delinquencies Reach Historic Low | Waccabuc Real Estate

In the fourth quarter of 2019, the delinquency rate for mortgage loans on single-family homes1 decreased to 3.8% of all loans outstanding, according to the latest iteration of the Mortgage Bankers Association’s National Delinquency Survey. This is the lowest it has been since the series started in 1979. The delinquency rate includes loans that are at least one payment past due but does not include loans in the process of foreclosure. Additionally, the “seriously delinquent” rate, the percentage of loans that are 90 days or more past due or are in the process of foreclosure decreased to 1.8%, the lowest it has been since 2005.

The above figure shows the serious delinquency rate of all loans and its components, FHA and VA loans, which are government-insured mortgages, and conventional loans. The seriously delinquent rates of FHA and VA loans increased from the previous quarter. For the fourth quarter of 2019, the five states with the lowest seriously delinquent rates were Colorado, California, Washington, Arizona, and Oregon and the five states with the highest seriously delinquent rates were Puerto Rico, New York, Mississippi, Louisiana, and Maine.


Notes:

  1. For simplicity, the term “single-family” is used but denotes one- to four-unit residential properties.

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New Freddie Mac Survey Shows Affordability Continues to Drive Purchase and Rental Decisions | Cross River Real Estate

Renters and Homeowners Consider their Options Given Low Mortgage Rates 

Key Findings:

  • An unprecedented number of renters (84%) believe renting is more affordable than owning, an all-time high for the survey and up 17 percentage points from February 2018.
  • Regardless, affordability issues continue to affect renters more than owners, as 42% of renters paid more than a third of their household income on rent compared to 24% of owners on their mortgage.
  • Given low interest rates, 40% of renters plan to purchase a home and 46% of owners plan to renovate in the next several months.

A new Freddie Mac (OTCQB: FMCC) survey shows that affordability remains top of mind for those individuals looking to rent or purchase a home. In fact, Freddie Mac’s “Profile of Today’s Renter and Owner” shows that while vast majorities of renters and owners believe their current living situation is the most affordable option, issues of affordability remain pervasive. The findings also document the impact of the current interest rate environment on buying preferences, and highlight the housing preferences of Baby Boomers in particular.

“The housing market is strong and, based on our survey, the low mortgage rate environment may inspire both renters and owners to make an educated move this spring,” said David Brickman, CEO of Freddie Mac. “While Baby Boomers tend to be satisfied with their current housing situation, younger generations are still struggling to determine whether to rent or purchase a home, largely due to lack of supply and affordability constraints.”

Renters Perceive Renting as More Affordable

When it comes to renting, the survey finds that an unprecedented number of renters (84%) believe renting is more affordable than owning, an all-time high for the survey and up 17 percentage points from just two years ago in February 2018. Additionally, a majority (62%) of renters continue to be satisfied with their rental experience, down slightly from 66% in 2018. In fact, 73% of renters feel that minor or no renovations should be made to their rental property—another strong sign they’re happy with their current rental.

However, while renters do feel renting is the more affordable option, the new survey does paint a concerning picture about many renters’ ability to make housing work within their family budget. Specifically:

  • Forty-two percent of renters surveyed are currently cost-burdened, i.e., paying more than one-third of their income for rent, up eight points from just April of 2019. This is compared with only 24% of owners spending the same amount, a number that has not changed in recent years.
  • Eighteen percent of renters are not interested in ever purchasing a home, up four points from August 2017.
  • Renters are growing more concerned about their rent going up in the next 12 months (69%) and not being able to pay for their larger expenses (68%).
  • Sixty-seven percent of renters have made spending changes or have moved to afford their monthly housing payment, up five points from April 2019. Among those who live in rural areas, 70% made changes to afford their monthly payment (up from 59% in April 2019). Eighty-two percent of renters in the “essential workforce” also had to adjust (up from 76% in April 2019).
  • Half of all renters are finding it difficult to find affordable housing that is close to work, up 22% since April 2019. This includes 57% of essential workers, up 23% from April.

Interest Rate Environment

With mortgage rates near historic lows, both renters and homeowners are interested in taking advantage of low rates in the next several months. In fact, 40% of renters plan to purchase a home given current interest rates.

Forty-six percent of owners plan to renovate their home. In addition:

  • Twenty-nine percent of owners plan to refinance;
  • Twenty-seven percent would like to purchase a new home or additional investment property;
  • Twenty-six percent plan to sell their current home and purchase a smaller one; and
  • Twenty-four percent think it is likely they would sell and purchase a larger home.

The survey also finds that Baby Boomers are the least likely to take action in the low mortgage rate environment.

Boomers are Comfortable and Unnerved by Rate Changes

As compared to other generations, Baby Boomers stood out in the survey. As owners, they are highly satisfied (71%) with their overall experience and prefer to live in a small home (61%). Similarly, Boomer renters are more satisfied (50%) with their rental experience as compared to other generations (older Millennials 39%, Gen X 35%, younger Millennials 33%).

Further, growing portions of Boomer renters (27%) say they will never move, as compared to Gen X (9%) and Millennials (6%). The same is true for Boomer owners, with an increasing percentage (34%) saying they will never move, as compared to Gen X (18%) and Millennials (8%).

Freddie Mac contracted with Harris Insights & Analytics to conduct the online survey over a four-day period, beginning August 22. The poll collected data from 4,012 respondents over the age of 18, including 2,715 homeowners, 1,233 renters and 64 others. The data has been weighted to reflect the composition of the U.S. adult population. Additional findings from Freddie Mac’s survey can be found here.

Buying property in Molise Italy | Katonah Real Estate

buy a property in Molise

Have you ever heard about Molise?

Molise is a small region in the south of Italy. Molise is not a famous region, it is still off the tourist track but this doesn’t mean that this area has nothing to offer to its visitors.  There are beautiful sanctuaries, churches, abbeys, castles, medieval villages and  wonderful archeological sites.

Molise: where the nature is wild and uncontaminated, the climate is mild and just in one hour it’s possible to move from the sandy beaches of the Adriatic sea to the green mountains and clay hills.

Why should you buy a property in Molise?


Buy a house in Molise is an excellent investment: the region is in a perfect position (3 hours driving from Rome, 2 from Naples and the Amalfi Coast) and property prices are still low.

Just to give you an idea…

You can buy a stone town house for only 3.800Euros (approx $4.200 – £2693- http://bit.ly/1VpHZaZ) or small one-bed apartment for 6.500Euros ($7,188 – £4.607- http://bit.ly/1Ii8kE4) or a country house with land for 18.000Euros ($19.900 – £12.758- http://bit.ly/1OuLKaB ).

Of course all those properties need a complete restoration.

buy a property in Molise

Even if Molise is still uncontaminated by the global market, the “second houses” market is growing up and actually is very lively (despite the worldwide real estate crisis). Many foreign buyers and investors are buying in this lovely area for many reasons. I’ve written down the five top reasons why people should buy a property in Molise:

  • THE COST OF LIVING IS RELATIVELY LOW Molisan people live in small villages with a monthly wage of 800-900 euros;
  • HOSPITALITY Molisan people are very welcoming and happy to meet new people. You will feel part of a big family!
  • MOLISE IS AWAY FROM TOURISTS you won’t find a multi-races population, the few “foreign” families are well integrated with the local inhabitants
  • THE POSSIBILITY OF LIVING THE REAL ITALY WHERE PEOPLE STILL KEEP THE ORIGINAL TRADITIONS each place holds the authentic flavour of its history, people still celebrate ancient rites which have been repeated with every passing season, the ancient trades are handed down from father to son. In these villages there are craftsmen who have remained untouched by industrialization and are still producing uniquely and precious objects
  • BREATH-TAKING SCENERIES, QUIET AND PEACEFUL VILLAGES the region is characterised by different types of mountain ranges and with its great variety of climate, it lends itself to many different sports-trekking, horse-riding,cycling, canoeing, skiing and climbing.Living in this small slice of Italy can be easy and healthy.Molise could be a very safe place to buy your second home in Italy!

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NYS median home sales price rises 7.4% | Bedford Hills Real Estate

Albany, NY – A strong economy sent buyers in search of their dream home in 2019, yet many were constrained by low inventory levels all year, according to the housing report released today by the New York State Association of REALTORS®.

Low inventory in 2019 continued to push median sales prices up for the year. Inventory of homes for sale fell 8.4 percent to 56,214 units in 2019 compared to 2018. Median sales prices, in turn, climbed 7.4 percent to $290,000 compared to last year. December marks the 47th consecutive month that the median sales price was up in month-over-month comparisons.

In 2019, closed sales were down slightly – 1.1 percent to 131,656 units. New listings did inch up 0.6-percent in 2019 to 206,192 units compared to 2018. Pending sales were also up 3.0 percent to 136,497 homes year-to-date.

Mortgage rates in 2019 were up slightly on a 30-year fixed mortgage to 3.94 percent, according to Freddie Mac, yet they are still over a half a percent lower than they were in 2018, helping to balance affordability concerns caused by continued price appreciation.

New listings did inch up 0.6-percent in 2019 to 206,192 units compared to 2018. Pending sales were also up 3.0 percent to 136,497 homes year-to-date.

In 2019, due to the low inventory, buyers did receive 97.4 percent of list price, up 0.1-percent from 2018.

Data and analysis compiled for the New York State Association of REALTORS® by Showing Time Inc.

December 2019

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