Tag Archives: Bedford Corners Homes for Sale

Bedford Corners Homes for Sale

British house prices flat in October | Bedford Corners Real Estate

British house prices were unchanged in October after rising in monthly terms each of the previous 15 months, mortgage lender Nationwide said on Wednesday, a new sign of the market cooling after the Brexit vote.

House prices were flat last month, compared with a monthly increase of 0.3 percent in September and a median forecast for a rise of 0.2 percent in a Reuters poll of economists.

Compared with October last year, prices rose by 4.6 percent, slower than September’s increase of 5.3 percent and below a median forecast of 5.0 percent in the Reuters poll.

It was the slowest annual price growth since January, but Nationwide economist Robert Gardiner said it was still in line with rates since early 2015.

He said a 10 percent fall in housing market activity in recent months might be a lingering after-effect of April’s introduction of a higher level of tax on properties bought by landlords and second homes.

Howard Archer, an economist with Markit HIS, said he expected house prices to fall by about 3 percent next year when Britain launches its negotiations to leave the European Union, probably adding to uncertainty about the economy.

Another mortgage lender, Halifax, said last month that British house prices rose at their slowest pace in more than three years in the three months to September.

But there have been other signs recently that the housing market slowdown might be bottoming out

 

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http://uk.reuters.com/article/uk-britain-houseprices-nationwide-idUKKBN12X0LH

Builders see gradual improvement | Bedford Corners Real Estate

A gauge of home builder sentiment remained steady at 60 in January, the National Association of Home Builders said Tuesday.

That was unchanged from a downwardly-revised reading in December. Economists polled by MarketWatch had expected a reading of 62.

Readings over 50 signal improvement, and readings in the low 60s show “a gradual improvement, which should bode well for future home sales in the year ahead,” NAHB Chairman Tom Woods said in a statement.

The index is down from a 10-year high of 65 in October, but still higher than the overall 2015 average of 59.

The sub-gauge that tracks current sales conditions rose 2 points to 67 in January, but the future sales component dipped 3 points to 63. The traffic gauge slid 2 points to 44. It hasn’t been above the neutral 50 mark since 2005.

Builders have gained confidence as the improving economy tugged the jobless rate to a 7-year low and started to nudge wages higher. Sales of new homes were stronger in 2015 than 2014. But builder still face headwinds, including pricier lots and scarcer labor.

That’s made many investors wary of builder stocks. KB Home shares slid earlier this month when fiscal fourth quarter earnings missed forecasts, even though orders and revenue both grew by double digits.

 

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http://www.marketwatch.com/story/home-builder-confidence-stays-steady-in-january-2016-01-19

Existing Home Sales fall 4.8% | Bedford Corners Real Estate

Existing Home Sales in the United States fell 4.8 percent to a seasonally adjusted annual rate of 5310 Thousand in August from a downwardly revised 5580 Thousand in July of 2015. It is the lowest figure since April, below market expectations. The median sale price went up 4.7% yoy and the months’ worth of supply rose 0.3 to 5.2. Existing Home Sales in the United States averaged 3842.52 Thousand from 1968 until 2015, reaching an all time high of 7250 Thousand in September of 2005 and a record low of 1370 Thousand in March of 1970. Existing Home Sales in the United States is reported by the National Association of Realtors.

United States Existing Home Sales

 

Actual Previous Highest Lowest Dates Unit Frequency
5310.00 5480.00 7250.00 1370.00 1968 – 2015 Thousand Monthly
SA
Existing Home Sales occurs when the mortgage is closed. Mortgage closing usually takes place 30-60 days after the sales contract is closed. . This page provides the latest reported value for – United States Existing Home Sales – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Content for – United States Existing Home Sales – was last refreshed on Monday, September 21, 2015.

 

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-07-22 03:00 PM Jun 5.49M 5.32M(R) 5.4M 5.2M
2015-08-20 03:00 PM Jul 5.59M 5.48M 5.44M 5.4M
2015-09-21 03:00 PM Aug 5.31M 5.58M 5.53M 5.4M
2015-10-22 03:00 PM Sep 5.6M
2015-11-23 03:00 PM Oct 5.6M
2015-12-22 03:00 PM Nov 5.5M

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http://www.tradingeconomics.com/united-states/existing-home-sales

 

Exterior Home Improvements That Increase Value | Bedford Corners Real Estate

Yesterday on Housecall, we discussed ways to increase your home value with indoor décor. Today, we’re focusing on what you can do outside the home to give it an added monetary boost.

Curb appeal is everything when it comes to selling your home, and that means your home’s exterior needs to be in optimal condition. In fact, 71 percent of prospective home buyers say that a home’s curb appeal is an important factor in their buying decision. This infographic fromLawnStarter shows seven exterior home improvements that can increase resale value and help sell your home even faster:

LawnStarterIG

Replace Your Front Door

Believe it or not, a front door says a lot about you and your home. A quality front door can be a huge asset for your home’s value, and how secure your home feels upon entrance. Kelly Fallis of Remote Stylist says, “It’s the first thing a buyer walks through. Repaint or replace; their first impression rests on it.” According to House Logic, a standard 20-gauge steel door can cost around $1,230, but that investment can more than pay for itself with the amount of value it adds to your home. A quality front door replacement can bring you a return of around 102 percent, which makes it a great bang for your buck.

Updated Landscaping

Over 92 percent of prospective home buyers use the Internet at some point during their search process, meaning a lot of eyes are going to be looking for pictures of your home. You want to be able to showcase your property in the best light possible to drive interested parties in for a closer look. According to Bankrate, a quality landscaping job has the potential to net you a whopping 252 percent return in increased home value. John Harris, a landscape economist, has stated that updated landscaping can increase a home’s value by 28 percent and have it sold 10-15 percent quicker.

New Paint

Most prospective homeowners tend to look at what they need to update or work on in the homes that they look at. Repainting your home can cause less stress on the buyer since they know that the job is fresh and adds to the look of the home. That being said, don’t go overboard with color choices. Choose warm and inviting colors, such as taupe, tan or white. “Individuals too often minimize the impact of a first impression,” says James Alisch, managing director of WOW 1 DAY PAINTING. “The exterior paint job of a home greatly impacts how potential buyers feel about a place.” You want to make sure that potential buyers can envision themselves inside your home, and having a neutral exterior color is appealing to a larger pool of buyers. If you do feel the need to add some brighter colors, make sure that they aren’t overpowering and can work well with the neutral base. It’s best to consult your local home improvement store to discuss your options and budget.

 

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http://blog.rismedia.com/2015/7-exterior-home-improvements-that-increase-resale-value/

The color Watery Blue Is Summer’s Best Hue | Bedford Corners Real Estate

Summer’s in full swing, which hopefully means plenty of pool and beach time for many of you. Whenever I’m working with a homeowner who wants to add some color to their home, but doesn’t necessarily want to travel down the bold road, I recommend watery blue hues — colors inspired by summertime spent by the sea.

These soft, muted greenish-blue hues work especially well for bedrooms and bathrooms, where they offer a calming, spa-inspired vibe. I’ve gathered together some paint color options as well as examples of how to work with this pleasing, ocean-inspired hue.

New-home sales rise 2.2% in May to fastest pace in more than 7 years | Bedford Corners Homes

New single-family homes in the U.S. sold at an annual rate of 546,000 in May, hitting the fastest pace since February 2008, with growth in two of four regions, the government reported Tuesday. Economists polled by MarketWatch had expected a sales rate of 525,000 in May, compared with a prior estimate of 517,000 for April. On Tuesday the U.S. Commerce Department revised April’s rate to 534,000. May’s pace was up 19.5% from a year earlier, signaling a healthy pick up, though recent sales rates remain below long-term averages. The median price of new homes, meanwhile, fell 1% to $282,800 compared with May 2014. The supply of new homes was 4.5 months at May’s sales pace, down from 4.6 months in April. Economists caution over reading too much into a single monthly report. A confidence interval of plus-or-minus 16.7% for May’s growth of 2.2% shows that the government isn’t sure whether the sales pace rose or fell last month.

 

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http://www.marketwatch.com/story/new-home-sales-rise-22-in-may-to-fastest-pace-in-more-than-7-years-2015-06-23

11 Things You Need to Know When You’re About to… Buy a House | Bedford Corners Homes

Buying a home can be a stressful, complicated process—even if it’s not your first time. To help you take stock and get ready to find your way into a new home, here are some key things you need to know:

1. Know your goals.

This should go without saying, but house-hunting can make even the most practical of people lose sight of what’s really important.  Homeowners may dream of settling in, customizing and forgetting about yearly rent increases. Even so, there are trade-offs: decreased mobility, increased debt and more responsibility (there’s no super to call when the toilet springs a leak). Doing a quick pro and con of rent v. buy helps you make sense of your decision, given your lifestyle goals.

2. Have a five (or seven) year plan.

Staying put for five to seven years is a good rule of thumb for homebuyers but factors such as closing costs, market fluctuations and expenses like maintenance fees could mean it’ll take even longer to break even.

3. Bring 20 percent (or more) to the table.

Some lenders offer low- or no-down payment options for cash-strapped buyers but the terms are typically less attractive than for those with 20 percent. A 20 percent down payment also means avoiding Private Mortgage Insurance (PMI), which can cost an annual 0.3 to 1.15 percent of the original loan balance.

4. Make your own budget.

A mortgage lender may qualify you for more than you actually want to pay each month. Do your own budget analysis to figure out how much you’re comfortable shelling out for housing each and every month. And don’t forget extras like real estate taxes.

5. Check the score.

Higher credit score can add up to tens of thousands of dollars in savings over the life of a mortgage. Get a free copy of your credit report (available once per year) and look for ways to improve your score.

6. Find a real estate agent who fits your profile.

Typically, you start with recommendations from friends or financial professionals, like your CPA. But don’t stop there. Interview three or four agents with a keen eye for one with aspecific knowledge of your desired neighborhood, price range and property type. Then figure out if your personalities will work together—or against each other.

7. Don’t forget the emergency fund.

A house is the most expensive thing most people will ever buy. But costs go well beyond the purchase price. Routine maintenance, landscaping or pool care fees and unexpected repair bills can catch a new homeowner off guard. Upfront budgeting for these annual costs can save a lot of frustration when the HVAC unit needs to be serviced.

8. Location, location, location.

It’s hard to predict the future, but long-term neighborhood changes can have a dramatic effect on property costs. Homes within desirable school districts tend to be more expensive up front, but they’re also more likely to maintain property value.

9. Don’t scrimp on insurance.

A typical homeowners insurance policy will cover many different types of damage to your home—but be sure that it covers the full cost to rebuild the home. Your coverage should include replacing the structure and your personal possessions, the cost of living expenses if you have to live elsewhere while your house is repaired, plus your liability to others—otherwise, in the event of a loss, you may discover gaps in your coverage.

 

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http://bridgingthegaps.yahoo.com/post/119298350072/

February Existing Homes Rise | Bedford Corners Real Estate

Sales of existing homes rose 1.2% in February to a seasonally adjusted annual rate of 4.88 million, the National Association of Realtors reported Monday. The gain was below expectations. Economists polled by MarketWatch had expected the sales rate to increase to 4.94 million in February from 4.82 million in January. Existing home sales remain soft, having been stuck below 5 million unit rate for two-and-a-half years. The median sales price of used homes hit $202,600 in February, up 7.5% from the year-earlier period. This is the biggest gain in a year. February’s inventory was 1.89 million existing homes for sale, a 4.6-month supply at the current sales pace. The number of homes available for sale was down 0.5% from the year-earlier period.

 

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http://www.foxbusiness.com/markets/2015/03/23/february-existing-homes-rise-to-488-million-rate-but-stay-below-expectations/

Millennials accounted for largest share of home purchases last year | Bedford Corners Real Estate

The albatross of student debt, underemployment and weak wage growth didn’t prevent millennials from accounting for the largest share of home purchases, according to data released Wednesday.

The National Association of Realtors said millennials, or those between 18 and 34 years old, accounted for the largest share of home buyers last year at 32%, according to a report from the National Association of Realtors. Millennials make up 23% of the U.S. population, according to separate data from the Census Bureau.

This is the third year of the survey, and the second year millennials had the top spot.

The median age of millennial homebuyers was 29, their median income was $76,900 and they typically bought a 1,720-square foot home costing $189,900.

Generation X, or those between 35 and 49, was closely behind with a 27% share. The median buyer in that group was 41 years old, had a median income of $104,600 and purchased a 1,890-square-foot home costing $250,000.

The median home purchase for all buyers was 1,870 square feet and cost $216,000.

According to the survey, 13% of all home purchases were by a multi-generational household, consisting of adult siblings, adult children, parents and/or grandparents.

 

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http://www.marketwatch.com/story/millennials-accounted-for-largest-share-of-home-purchases-last-year-2015-03-11

Midcentury Miami Shores Ranch is All That | Bedford Corners Real Estate

This classic, early midcentury ranch-style house in Miami Shores may not be particularly big, at 2,320 square feet, and its restoration may have resulted in the loss of some midcentury touches (Was there once terrazzo in the marble-floored Florida Room? Did the bathrooms have colorful toilets?) but the result still shines. A roomy, open-planned layout with wooden floors and high, vaulted ceilings, and some original details like the house’s old fake fireplace (a space-heater would likely have been installed there originally) all work well together. A covered outdoor loggia with second fireplace (this one isn’t fake) flanks the pool, which is a turquoise blue rectangle in a simple green box; an outdoor room made of ever-so-nicely-trimmed box hedges. The three bedroom, two bath house is priced at $980,000

 

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http://miami.curbed.com/archives/2015/02/12/midcentury-miami-shores-ranch-is-all-that-for-1-million.php