Tag Archives: Bedford NY Homes

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New-home sales jump to 539,000 rate in February, highest in 7 years | Bedford NY Real Estate

New U.S. homes sold at an annual rate of 539,000 in February to mark the best month of sales in seven years, the government reported Tuesday. The pace of sales for January was also revised up sharply to 500,000. It’s the first time annualized sales have hit 500,000 or more for two straight months since early 2008, though demand is still far lower compared to the years prior to the Great Recession. Economists polled by MarketWatch had forecast sales to total a seasonally adjusted 455,000 last month. The median sales price climbed 2.6% to $275,500 in February from a year ago. All the homes now on the market would be sold in 4.7 months at the current sales pace, down from 5.7 months in January. That leaves the supply of new homes for sale at the lowest point since June 2013. Unless more homes are built soon, the lack of supply could force prices higher in the spring months when home buying is typically at a peak and potentially constrain sales. Builders have filed permits to increase construction, though they have been focusing more on condos and townhouses than single-family homes. The rise in new home sales in February is at odds with other reports on existing home sales and new construction that showed a decline last month owing to heavy snow in large swaths of the eastern United States.

 

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http://www.marketwatch.com/story/new-home-sales-jump-to-539000-rate-in-february-highest-in-7-years-2015-03-24?siteid=bnbh

Bedford NY Town Offices Memo | Bedford Real Estate

A MESSAGE FROM
SUPERVISOR CHRIS BURDICK

Dear Residents,

 

We’re pleased to announce that the Town has launched an annual report, please click here for the  2014 Town of Bedford Annual Report.

Please do not hesitate to contact me with any questions.

I can be reached at Supervisor@bedfordny.gov or at 666-6530.

Warmest regards,

Chris Burdick

Supervisor

Court rules ListHub must continue to provide listing data to Trulia | Bedford Real Estate

Realtors, real estate agents and brokers who were worried that their listings were going to disappear from Trulia by the end of the week can breathe a sigh of relief, at least for now.

That’s because the latest round in the contentious battle between Move and the Zillow Group (Z) over Move-ownedListHub’s decision to terminate its listing agreement with Trulia has gone Zillow’s way, with a California judge ruling that ListHub is required to continue to provide listing data to Trulia until at least March 12.

The Zillow Group threatened legal actionagainst Move, which is owned by News Corp (NWS) and operates Realtor.com for the National Association of Realtors, after it informed Trulia last week that it was immediately terminating its listing agreement with Trulia, effective Feb. 26.

But that’s not going to happen now, because Judge Ernest Goldsmith of the San Francisco Superior Court granted Zillow Group’s request for a temporary restraining order and set a court date of March 12, which will keep ListHub listings flowing to Trulia until at least that date.

Trulia was predictably pleased with the court’s decision.

“The court’s order is a win for brokers, agents and the home sellers they represent. Since News Corp announced its decision on Friday to prematurely cut off the listing feed to Trulia, we’ve received an influx of calls from MLSs and brokers who were concerned that they and their clients wouldn’t be able to effectively market their listings ahead of the home shopping season,” Trulia’s president, Paul Levine said in a statement.

“We’re very pleased with this preliminary decision, and hopeful the court will grant us the further time necessary to make this transition in an orderly way,” he continued.

The fight over the ListHub listings is more than a little interesting, considering what Zillow Group CEO Rascoff said last week. “When we announced we were parting ways with News Corp, we were constrained on being reliant on a competitor for listings,” Rascoff said Wednesday morning. He said ListHub sent inferior listings to emphasize that Move’s Realtor.com had “higher quality listings.”

Rascoff also called the separation from Move a “liberating moment.”

Zillow’s previously announced decision to cancel its own listing agreement with ListHub was a surprise to Move, which expected the listing agreement to continue. As it stands now, ListHub listings will disappear from Zillow on April 7.

 

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http://www.housingwire.com/articles/33047-court-rules-listhub-must-continue-to-provide-listing-data-to-trulia

30-year fixed-rate mortgage edges up to 3.66% | #Bedford NY Real Estate

Mortgage rates crept higher last week, according to mortgage buyer Freddie Mac. The benchmark 30-year fixed rate mortgage averaged 3.66% in the week ending Jan. 29, up from 3.63%. A year ago, the 30-year averaged 4.32%. The 15-year fixed-rate averaged 2.98%, up from 2.93%; the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.86%, up from 2.83%; and the 1-year Treasury-indexed ARM averaged 2.38%, up from 2.37%.

 

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http://www.marketwatch.com/story/30-year-fixed-rate-mortgage-edges-up-to-366-freddie-mac-2015-01-29

 

1896 Victorian Home Gets a Contemporary Lift | Bedford Real Estate

 

“With two children and the two of us working from home, our house is always buzzing with energy,” says interior designer Kristen Peña. “People are coming and going, and we love that. We love nothing more than having a bunch of kids laughing and playing around us while we work or relax.“ That is why it was important for Kristen and her husband, Luis, a director, to find a home in which they could raise a family and carve out a studio space dedicated to their work. After waiting patiently for five years, they found their dream house in their dream city — a 118-year-old Victorian in San Francisco’s Noe Valley neighborhood.

The house needed a heavy renovation, including adding a new foundation and removing an inefficient sunroom that wrapped around the back of the house. Construction began in 2006, when Kristen was pregnant with the couple’s second child. The couple worked with CCS Architecture to convert the two-bedroom, one-bathroom, single-story residence — with the master bed and bath off the kitchen — into a three-level home with four bedrooms and four bathrooms. They kept the home’s original character but added modern elements.

Builders Gain Confidence in the 55+ Housing Market | Bedford NY Real Estate

 

Builder confidence in the 55+ housing market was up again in the third quarter, according to the latest release of NAHB’s 55+ Housing Market Index (55+HMI).  The 55+ HMI release contains separate indices for single-family homes and multifamily condominiums. Each is a weighted average of three components: present sales, expected sales, and traffic.  The numbers are not seasonally adjusted, so they should only be compared year over year.  On that basis, both were up in the third quarter.

The single-family 55+HMI jumped nine points from the third quarter of 2013, to 59—the highest third-quarter reading since the inception of the index in 2008 and the 12th consecutive quarter of year over year improvements. All three components posted year-over-year increases: present sales jumped 13 points to 65, expected sales for the next six months climbed 10 points to 63 and traffic of prospective buyers rose three points to 46.

 

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http://eyeonhousing.org/2014/11/builders-gain-confidence-in-the-55-housing-market/

 

Prepare for a better home inspection | Bedford Real Estate

 

Every agent learns early in his or her career that home inspections can be rough. But there are ways to smooth out the process.

 

First, get your seller to have an independent inspector give the house a once over before it is listed. That way, problems can be spotted — and corrected — before a would-be buyer ever gets wind of them.

 

Beyond that, prepare your clients for the buyer’s inspector and encourage the seller to fix those items he knows are broken — the little things every owner learns to live with — before they become bargaining points.

 

Many inspectors provide agents with pre-inspection checklists so all parties can be as sure as possible that the house is inspection-ready. There are a lot of things sellers can do, but if they are not skilled at certain repairs, even the simplest ones, they should call a professional. Not only can inspectors spot amateurish, sub-par work, they will wonder about the quality of repairs that are less visible.

 

When repairs are made, either by the seller or a professional contractor, it’s a good idea to have paid receipts and warranties on hand for the inspector and buyer.

 

Finally, on the day of the inspection, sellers should give the examiner full access to the attic, crawlspace, electrical panels, furnace, air conditioner and water heater. Get the clutter out of the way, and then take the kids and the dog and go out for a few hours so the examiner can do his job efficiently and without interference.

 

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https://agentresources.bankofamerica.com/monthlyagentnewsletter?nbk=NBKJDBM#101402

Average US 30-year mortgage rate holds steady | Bedford NY Real Estate

 

The average 30-year U.S. mortgage rate this week remained at a 52-week low of 4.10 percent for the third straight week.

Mortgage company Freddie Mac also said Thursday the average for a 15-year mortgage, a popular choice for people who are refinancing, slipped to 3.24 percent from 3.25 percent.

At its 52-week low of 4.10 percent, the rate on a 30-year mortgage is down from 4.53 percent at the start of the year. Rates have fallen even though the Federal Reserve has been trimming its monthly bond purchases, which are intended to keep long-term borrowing rates low. The purchases are set to end in October.

The low rates appear to have boosted U.S. home sales. Also, moderating increases in home prices such as occurred in July should help support sales by making homes more affordable. Real-estate data provider CoreLogic reported Tuesday that home prices rose in July but at a slower rate compared with earlier this year.

Greater affordability has helped the housing market recover over the spring and summer after sales and construction fell earlier this year. Sales of existing homes rose for a fourth straight month in July to their strongest pace in nine months. And a measure of signed contracts also increased in July, suggesting that final sales will rise further in coming months.

To calculate average mortgage rates, Freddie Mac surveys lenders across the country between Monday and Wednesday each week. The average doesn’t include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount.

 

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http://news.yahoo.com/average-us-30-mortgage-rate-141333476.html

 

 

Cool sophistication with DIY touches as hip as they are budget friendly | Bedford NY Homes

You would be hard-pressed to find another color combo quite as effortlessly cool as black and white. Black and white decor, whether in the form of a graphic wallpaper pattern, black and white photography, or something else, can add elegance in an instant. From DIY art and wall treatments to furniture makeovers, these 14 project ideas have chic black and white style and won’t break the bank.