Tag Archives: Bedford Corners Realtor

Bedford Corners Realtor

Pending Sales Expand | Bedford Corners Real Estate

Led by the West, the Pending Home Sales Index increased 1.3% in July to the highest level since April, and increased 1.4% year-over-year. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased to 111.3 in July from a downwardly revised 109.9 in June.

Pending Home Sales July 2016

The PHSI surged to 108.7 in the West from 101.3 in June. The Northeast and South increased by 0.8% in July, while the Midwest declined by 2.9%. Year-over-year, the PHSI increased 6.2% in the West, 1.1% in the Northeast and 0.4% in the South, but decreased 1.1% in the Midwest.

Although existing sales decreased 3.2% in July, there was a 2.5% increase in the West last month. The housing recovery is reaching the point in the cycle when new residential construction is adding smaller entry-level homes into inventory. Townhouse construction outpaced the rest of the single-family market during the second quarter of 2016. That trend toward smaller and less expensive new single-family construction has begun to improve affordability in the West, sparking momentum that suggests increasing sales among first-time buyers across a wider range of markets in 2016.


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U.S. mortgage demand to buy homes hits six-month low | Bedford Corners Real Estate

Weekly applications for U.S. mortgages to buy homes slipped to a six-month low even as interest rates on fixed-rate home loans fell, according to data from an industry group released on Wednesday.

The Mortgage Bankers Association said its seasonally adjusted index of mortgage activity for home purchases, a leading indicator of housing sales, fell 4 percent in the week ended Aug. 12. It remained 10 percent higher than the comparable week a year earlier.

The average rate on “conforming” 30-year home mortgages, or loans with balances of $417,000 or less, dipped to 3.64 percent last week from 3.65 percent, the Washington-based group said.

The average 30-year rate touched 3.60 percent in the week ended July 8, which was the lowest since May 2013 and not far from the historic low of 3.47 percent struck in December 2012, according to MBA data.

Weekly mortgage activity on home purchases reached an eight-month peak in early June before a decline since even as 30-year mortgage rates hovered near their lowest in over three years.

On Tuesday, the Commerce Department said housing starts rose 2.1 percent to an annualized rate of 1.211 million units in July, which was a five-month high.

Applications for loans to refinance also fell last week.

MBA’s seasonally adjusted index on mortgage activity for refinancing decreased 4 percent from the prior week. In early July, it hit its highest level since June 2013.


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Mortgage rates average 3.66% | Bedford Corners Real Estate

Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates up slightly from last week, but still near three year lows.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 3.66 percent with an average 0.5 point for the week ending June 2, 2016, up from last week when it averaged 3.64 percent. A year ago at this time, the 30-year FRM averaged 3.87 percent.
  • 15-year FRM this week averaged 2.92 percent with an average 0.5 point, up from last week when it averaged 2.89 percent. A year ago at this time, the 15-year FRM averaged 3.08 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.88 percent this week with an average 0.5 point, up from last week when it averaged 2.87 percent. A year ago, the 5-year ARM averaged 2.96 percent.

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the Definitions. Borrowers may still pay closing costs which are not included in the survey.

Attributed to Sean Becketti, chief economist, Freddie Mac.

Since jumping 11 basis points on May 18th, the 10-year Treasury yield has leveled-off around 1.85 percent. Mortgage rates continue to adjust to this new level with the 30-year fixed rate inching up another 2 basis points this week to 3.66 percent. Recent statements by the Fed appear to have persuaded the market that a rate hike may come sooner than later. However, the market is fickle, and Friday’s employment report has the potential to swing opinion 180 degrees in the other direction.



Peek Inside the Rembrandt’s Former House | Bedford Corners Homes

As far as famous artists go, Rembrandt Harmenszoon van Rijn, born July 15, 1606, has to be among the most celebrated and well-known. He’s most revered for his oil-on-canvas paintings and his etchings completed during the Dutch golden age of painting in the 17th century. This period saw several Dutch artists practicing in a style of detailed realism.

A big chunk of Rembrandt’s work, including several famous self-portraits and arguably his most famous painting ever, The Night Watch (1642), was created over two decades while he lived in a central Amsterdam house. In celebration of the renowned master’s birthday, more than four centuries ago today, here’s a look at his former home.

Old things have a history and beauty all their own | Bedford Corners Real Estate



All of the best things are not necessarily shiny and new — think of the gorgeous patina on an antique chest, the gleam of old silver and the complex flavor of a really special aged bottle of wine. So why does it seem like we’ve been trending toward disposable furniture and away from well-made old stuff? It may be easy to fill a home quickly with goods from a chain store, but we may be missing out on some pretty spectacular benefits by going all-new. Here are five reasons to consider adding vintage pieces, antiques and good old hand-me-downs to your home, and to appreciate the old stuff you already have.

Explore the Houzz App’s New Features and Cleaner Look | Bedford Corners NY Homes


A new version of the Houzz mobile app is now available in the Apple App Store℠. Update today to get all the latest features.

You’ll see right away that the overall look and feel of the app has been brightened up with a white interface. The clean, modern feel lets you focus on the great photos and content in the app. On your phone, tap the Houzz logo in the top-left corner to view the menu.

One of New York City’s Greatest Townhouses Asks $46M | Bedford Corners Real Estate

Location: New York, N.Y. Price: $46,000,000 The Skinny: This 40-foot-wide Neoclassic French townhouse on Manhattan’s Upper East Side possesses a level of grace, charm, and sophistication that only a residence custom-built for a woman who redesigned the White House Rose Garden for her friend Jacqueline Kennedy could achieve. Bunny Mellon (famed horticulturist, member of the International Best Dressed List, granddaughter of the inventor of Listerine) and her husband Paul (heir to the Mellon banking fortune, one of five national designated “Exemplars of Racing”) had the 11,000-square-foot, 14-room mansion built in 1965, to—and this is something of an understatement—exacting standards. The house, which features three exposures, and a garden with a reflecting pool, last sold in 2006 for $22.5M and now finds itself back on the market for $46M, because sure, why not. Thankfully, not much seems to have changed, save, perhaps, an updated kitchen, since the Mellons’ heyday.

FHA eases rules for some credit-impaired applicants | Bedford Corners Real Estate

In a move designed to more fairly treat borrowers whose credit reports contain collections actions and disputed debt accounts, the Federal Housing Administration has eased previous rules that would have led to large numbers of application rejections.

The agency also released guidance to lenders instructing them on how to handle “extenuating circumstances” claimed by borrowers who experienced serious economic setbacks triggered by the recession, but who are now employed, paying their bills and seeking FHA financing.

On Friday, FHA issued two mortgagee letters spelling out its new approach to widespread credit issues affecting applicants for its low down payment loans. The guidance on collections and disputed accounts (ML 2013-24) replaces controversial rules the agency first issued in early 2012.

That guidance, which required payoffs of collections or disputed accounts totaling an aggregate $1,000 or more before applicants could go to closing on an FHA loan, triggered intense criticism from lenders and community groups.

FHA subsequently withdrew the rule in June 2012,  promising a future policy that would constitute a “balanced yet flexible approach to promote access to affordable credit while protecting the insurance fund.”

Critics of the rescinded rules pointed out that many consumers have disputed accounts on their credit reports that were not caused by the consumers themselves, or where they had legitimate reasons for not paying the account in full.

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World’s biggest offshore wind farm will be built in Lincolnshire | Bedford Corners Homes

Plans to create the world’s biggest offshore wind farm off the coast of Britain have been approved.

Work on the massive Triton Knoll site – 288 giant wind turbines off the Lincolnshire coast – can now begin after the £3.6bn project was given the go ahead.

It will dwarf Britain’s current largest offshore facility, the 175-turbine London Array in the Thames Estuary unveiled last week by David Cameron.

Go-ahead: An offshore wind farm off the coast of Skegness in Lincolnshire

Go-ahead: An offshore wind farm off the coast of Skegness in Lincolnshire

When complete, the new giant windfarm will generate 1.2 gigawatts of electricity, enough to power for 820,000 homes.

But critics say it will not come without a cost, as offshore power is currently subsidised by the taxpayer at three time the wholesale price of conventionally-produced electricity.

And the scheme is not without controversy. As part of the project, energy giant RWE are proposing building a substation the size of 30 football pitches connected to the offshore turbines, in the Lincolnshire countryside.



World’s biggest offshore wind farm with 300 turbines will be built in Lincolnshire | Mail Online.

Improve your real estate content strategy with new Facebook Insights | Bedford Corners Real Estate

Have you checked out the new Insights tab on your Facebook page lately? Before, stats and insights from Facebook were pretty basic unless you dive into Excel files full of data. The use of graphs and quick views of posts you’ve published makes it easier to analyze what’s working and what isn’t.

Wondering what the big deal is? The new user interface makes it easier for you to pinpoint what types of posts are working  (video and photos tend to do better for reach and engagement) and who your target audience is through demographics. One of my favorite updates is being able to see when your fans are online and what the popular times they saw your content under the Posts tab.

The quick tour of the new Insight panel takes you through the four tabs at the top: Overview, Page, Posts and People. Let’s break them down.

Here you will get a breakdown of the last seven days of the basics: page likes, post reach, engagement and your most recent posts.

Overview Tab

This tab gets broken down into likes, reach and visits. You’re able to use the scroll bar the top to change the range of dates you are viewing.

Page Tab

You also get the total number of likes on your page by day as well as what has changed between unlikes, organic and paid likes.

– See more at: http://www.inman.com/next/improve-your-real-estate-content-strategy-with-new-facebook-insights/#sthash.XwZn2kUV.dpuf



Improve your real estate content strategy with new Facebook Insights | Inman News.