Monthly Archives: September 2013

With Upturn, Homes Are More Specialized and Technologically Savvy | South Salem Real Estate

With the national recovery of the housing market has come a return to larger and more expensive homes. Residential architects are reporting more specialized uses of space and the growing interest in special function rooms. Examples include outdoor living spaces, mud rooms, in-law suites, and safe rooms. With more specialized uses of space has come an increased interest in special features, many of which provide greater accessibility for an aging population. New technologies are also seeing a dramatic increase in popularity, both in new and remodeled homes. Popular new products offer greater energy efficiency and often provide households with fewer maintenance obligations.

These are some of the key findings from the AIA’s Home Design Trends Survey from the second quarter of 2013. Business conditions have been steadily trending up since early 2012, and—given the strong levels of inquiries for new projects, the growing levels of project backlogs, and the uniformly strong readings from firms across all regions of the country—workloads for residential architects promise to remain strong in the quarters ahead. During the past year, residential architects have reported a recovery in virtually every residential construction sector. Coupled with already strong readings in home improvement activity, there now is a very strong base for future improvement in market conditions.

Special function rooms rebound in popularity

As home sizes shrank during the housing downturn, special function rooms were particularly hard hit. Many households view special function rooms as discretionary, and therefore easier to eliminate as homes were downsized. Now that average home sizes are growing again, interest in special function rooms is beginning to reemerge.

Rooms that have seen particularly strong growth in popularity over the past year are outdoor living areas and rooms, and mud rooms/drop zones. Almost 63 percent of residential architects surveyed report that interest in outdoor living areas/rooms are increasing, while fewer than 2 percent report interest to be declining. For mud rooms/drop zones, more than 45 percent of respondents report increased interest, while only about 1 percent report a decline. For both of these areas, scores are well up from year-ago levels.

 

 

http://www.aia.org/practicing/AIAB099983

12 Awesome Social Media Facts and Statistics for 2013 | Cross River Realtor

social media facts and statistics

As the world continues to embrace social media, the ways we use the social  networks are becoming clearer.

Twitter with its short and snappy messaging is very dependent on mobile usage  and smart phones. The rise of the visual web is making Pinterest and Tumblr the  fastest growing social networks on the planet. Facebook is where we share with  friends and family. Google+ is no longer an afterthought and is embedded in  Google’s web assets including Gmail, local checkins and the mobile Android  ecosystems.

Google is getting the data it wants from Google+. Demographics, usage and  content popularity. This is feeding into how it is ranking search results and  much more. The universes of content, social and search are being woven together  and creating a web experience that looks more like magic everyday. The social  and mobile web is becoming an extension of our lives as we share, search and  upload photos.

Artificial intelligence that adds other dimensions to humanity has already  arrived but we just don’t notice it. We take it for granted

So what are the latest social media facts and statistics provided by the  latest study by GlobalWebIndex for the second quarter of 2013?

#1. Google+ is catching up to Facebook

Facebook still dominates at 70% of account ownership but Google+ is not far  behind at just over 50%. Keep in mind though that Google+ account is mandatory  whenever you create a new  Gmail account. This is pushing up the account  ownership stats. No other social network has Google’s web assets leverage.

The large Chinese internet user population is producing some large Chinese  centric social networks including Sina Weibo, Tencent Weibo and Qzone. So  Facebook doesn’t just have Google+ breathing down its neck. The rise of China’s  social networks will possibly be a threat in the future.

Social media facts figures and statistics 2013 1

#2. Facebook active usage still dominates

Facebook has nearly 50% of all the world’s internet users as active users.  This is only set to increase as regions and countries in the developing world  including Africa, Asia and South America get connected to the web.

Social media facts figures and statistics 2013 1

#3. Pinterest is the fastest growing social network

The visual web is driving the rise of Pinterest and Tumblr with growth rates  of 88% and 74% respectively over the last 12 months. Twitter and LinkedIn though  are still rapid risers with growth rates around 40%.

Social media facts figures and statistics 2013 1

#4. LinkedIn is the most popular for older users

LinkedIn is the network of choice for most knowledge workers and  professionals. It is maybe the most conservative of the social networks due to  the fact it is all about business. It is becoming more social as it has realized  that this will enhance its user penetration and attractiveness.

The latest statistics show it having 7% of its users over 55 and 14% in the  45 to 54 age range.

Social media facts figures and statistics 2013 1

#5. Usage of social networks by older users is increasing

Social networks were and still are a hit with the younger demographics. Don’t  think though that social media is for the teens. The increase in usage by the 55  to 64 year olds is greater than 100% for Facebook, Twitter and Google+.

The young aren’t the only ones having fun.

 

 

 

Read more at http://www.jeffbullas.com/2013/09/20/12-awesome-social-media-facts-and-statistics-for-2013/#zcxL7Wyd1SvY5LVq.99

To back up … or not to back up? | Katonah Realtor

Well, that should not even be a question — the answer is obvious and always yes! Admittedly, I might be a tad more than anal-retentive, especially when it comes to my mobile devices and specifically my contacts. I still remember the day my Palm device was lost and I didn’t have a current backup.

I later remember, far more painfully, how excited I was about the sled modem for my Palm Vx — the OmniSky modem — and having mobile Internet access.

What I didn’t count on was how unstable it made my device, prone to crashing and data loss. The first time this happened I was traveling and was left to rely on my paper agenda — not having a way to quickly and efficiently restore. Just thinking about this makes me skittish.

By the time I was using my last Treo 650 (which I’m pretty sure is still in my house somewhere), I could back up to a card, which was pretty handy when you consider I had not one but four of these devices over a period of time. I could not imagine not having a current backup, in case of emergency. With my iDevices, Blackberry and other assorted devices, I worry.

Sure, there’s iCloud and Google but, did you know there’s an app for that? Enter IS Contacts Kit.

 

read more…

 

http://www.inman.com/next/to-backup-or-not-to-backup/#sthash.LtRGzg0f.dpuf

As Mortgage Applications Fall, Lower Loan Limits Loom | Waccabuc Real Estate

Rising rates continue to have an impact on home purchase applications. The number of mortgage applications filed last by 13.5% from the prior week on a seasonally adjusted basis as interest rates increased, the Mortgage Bankers Association said Wednesday.

The purchase component eased 2.7% this week relative to last and has fallen 16.8% since the first week in May on a seasonally adjusted basis. Rates reversed course last week and turned upward after easing in the prior week. The average rate for a 30-year fixed rate mortgage was 4.57% last week according to Freddie Mac.

On an unadjusted basis, MBA reported the market composite index declined 23%. The refinance index slipped 28% from a week earlier, while the seasonally adjusted purchase index slid 2.7%.

The sudden drop in purchase applications comes as loans for new homes have taken market share away from refinancing since January, raising its market share from 27% to 53% in July.

While the average rate has been on the rise, the National Association of Realtors reported that the Federal Housing Finance Agency is considering reducing the limits on mortgages that can be backed by Fannie Mae and Freddie Mac. Currently, the GSEs can support loans up to $417,000 in most markets and up to $625,500 in higher cost markets, while loans above this are supported by the private “jumbo” market made up of banks and private MBS securitizers.

Rates on jumbo loans have eased to party or slightly better than conforming loans in recent months as banks have started taking more loans into portfolio to compensate for weak commercial and refinance business. However, these loans are very high quality with large down payments and high FICO scores. The concern then is that if the loan limits decline, the private sector may still not be ready to pick up the non-pristine lending activity in the high cost portion of the market, cutting off access to credit for this portion of the market, resulting in reduced demand and sales.

Mortgage rates have had an impact on mortgage activity in recent weeks. Some borrowers will be able to adjust to higher rates either through larger down payments or purchasing lower priced homes. However, the higher rates may curb some home purchases as affordability wanes. A reduction in loan limits would only amplify this effect, particularly in the high cost markets that they currently support, according NAR.

 

 

http://www.realestateeconomywatch.com/2013/09/as-mortgage-applications-fall-lower-loan-limits-loom/

Bedford Town Board Approves Water Hike | Katonah Real Estate

Bedford residents will have to pay a little more for their water in order to pay for a new water filtration plant in Katonah.

The Bedford Town Board unanimously approved water rate increases last week. Average water rates will increase by 20 percent, abut $97 a year.

“The water filtration plant is in operation and is producing great quality water,” Department of Public Works Commissioner Kevin Winn said. “Due to the increased expenses of the plant, we do need to have slight rate increase though it is less than anticipated.”

Winn said the town’s goal with the rate increase was to advocate for more water conservation. Minimum water rates are lower, but the rates increase with the more water used.

The rate increase will go into effect on Oct. 1. The rate increase was less than anticipated due to electric and waste disposal costs being less than anticipated.

Gordon Strong, a Katonah resident, complained he was being penalized by the new rate structure. Strong has a one inch water main and would be paying more than his neighbors who have larger homes and might use more water.

“I don’t think it’s fair,” Strong said. “I am being asked to pay a higher rate. I should be made an exception.”

Winn said he should change the size of his water meter and residents are charged for meters because they put more tax on the water system.

 

 

http://bedford.dailyvoice.com/news/bedford-town-board-approves-water-hike

Hidden single-family rental markets remain profitable for investors | Cross River Real Estate

There have been a number of reports out recently indicating that institutional investors are losing interest in real estate. However, a recent report from RentRange and RealtyTrac revealed that there are still a number of single-family rental markets that investors would benefit from checking into.

The markets were determined by evaluating gross rental yield data, a commonly used method of comparing properties. The rental yield is determined by dividing the gross annual rental income by the purchase price or market value of the property.

The analysis was limited to single-family homes with three bedrooms. The top 25 markets had the highest gross rental yields in counties where institutional investor like Gainesville Coins purchases accounted for 5% or less of all residential sales in the three-month period ending in July, and the unemployment rate was 7.5% or lower.

“Buying single-family homes as rentals still yields solid returns in many markets across the nation, but it is difficult for individual investors and even small-to medium-sized institutional investors to find reasonably priced inventory in markets dominated by the 800-pound gorillas in the single-family rental space,” said Daren Blomquist, vice president at RealtyTrac.

A September report from Preqin, based on interviews with 140 private real estate investors, revealed that the proportion of investors making new private real estate commitments dropped in the last year, with smaller investors becoming more hesitant to make commitments.

Blomquist noted that this analysis has identified the top overlooked markets where single-family rentals still make good financial sense but where there is little to no competition from the big players.

According to Wally Charnoff, CEO of RentRange, “Real estate investment opportunities vary greatly market by market. “The availability of gross rental yield information and other valuable analytics empower buyers to make more scientific decisions about where to invest,” he added.

http://www.housingwire.com/articles/26921-hidden-single-family-rental-markets-still-profitable-for-investors

Bedford has 3 candidates for open school board seat | Bedford NY Homes

The Bedford Board of Education announced that three applications have been received for an open seat on the board of education: Joe Malichio (Pound Ridge); Edward Reder (Mount Kisco); Brian J. Sheerin (Bedford Corners).

The Board of Education will conduct public interviews of the three candidates at a special board meeting at 7 p.m.  Sept. 18, in the Little Theatre at the Fox Lane Middle School. The meeting will be televised live on BCSD-TV (Bedford Channel 18 and FIOS Channel 1982), available on the district website via live video streaming and subsequently rebroadcast on BCSD-TV and the website.  The League of Women Voters will moderate the interviews.

Copies of the completed applications will be available at the Sept. 18  meeting. To allow for input, members of the community are invited to provide feedback on the candidates by emailing the board of education at boe@bcsdny.org no later than Sept. 20th.

The board will consider each candidate based upon his/her application, interview responses and community input. The board plans to discuss the candidates in an executive session and to announce the appointment of the new member as soon as possible.

The new board member will assume his/her seat on the board and begin the mandated orientation program immediately.  The new member will serve until the May 20 general election for Board of Education members.

 

 

http://northernwestchester.lohudblogs.com/2013/09/13/bedford-has-3-candidates-for-open-school-board-seat/

When a duplex trumps a penthouse | Mt Kisco Real Estate

The term “duplex” may conjure up the image of a humble house in the suburbs with two front doors, but to Chicago luxury brokers, it means a two-story space in a high-rise condo tower with spectacular views of Lake Michigan.

The only way to get cathedral spaces and dramatic staircases is to buy two units and combine them into one, Koenig & Strey broker Nancy Joyce tells Michigan Avenue magazine. In an age where the term “penthouse” gets bandied about rather casually — it’s often applied to units that “aren’t necessarily bigger, grander or even on the top floor,” Baird & Warner broker Tom Gorman says — a case can be made that the “ultimate duplex” is actually “the gold standard of luxury living.”

Gorman says that a “good duplex is a hell of a lot harder to find than a good penthouse” — they’re often marketed as pocket listings. When Michigan Avenue checked in with the metro Chicago-area multiple listing service, Midwest Real Estate Data LLC (MRED), it found that 26 of 323 active listings in the lakefront and center city districts were marketed as penthouses, and eight as duplexes.

Source: michiganavemag.com.

– See more at: http://www.inman.com/wire/when-a-duplex-trumps-a-penthouse/#sthash.beZQwBgp.dpuf

Learn how forests, wetlands reduce flood risks at seminar | Bedford Hills Homes

A seminar about the science of how forests and wetlands work to help limit damage from flooding will be held from 6 to 8 p.m. Sept. 24 at the Desmond Fish Library, 472 Route 403, Garrison,

Admission is free, but registration is recommended.

Marilyn Wyman, team leader of the Natural Resources Program with Cornell University Cooperative Extension of Columbia and Greene Counties, will talk about the relationship between forests and flood mitigation: how forests slow the flood of water, increase filtration and absorption, and help to stabilize stream banks. She will also discuss some of the problems facing important forested land, including invasive species, fragmentation and the lack of regeneration.

Laura Heady, biodiversity outreach coordinator with the Hudson River Estuary Program and Cornell University’s Department of Natural Resources, will share her knowledge and research about wetlands: their role in maintaining clean water, controlling floodwaters and protecting shorelines and stream banks from erosion and property damage.

This seminar is part of a series sponsored by Cornell Cooperative Extension and Cornell University, in partnership with the state Department of Environmental Conservation’s Hudson River Estuary Program and New York State Water Resources Institute.  The Hudson Estuary Watershed Resiliency Project is an educational initiative designed to help municipal officials and stream-side landowners prepare for floods and climate change in the Hudson Valley.  Educators from the Cornell Cooperative Extension associations in Columbia, Greene, Dutchess, Orange and Putnam counties are teaching municipal personnel and landowners in target areas about flood preparedness.

 

http://northernwestchester.lohudblogs.com/2013/09/13/learn-how-forests-wetlands-reduce-flood-risks-at-sept-24-seminar/

 

Survey: Affluent homebuyers will give up space for amenities | Bedford NY Real Estate

The vast majority of luxury homebuyers used an agent, are willing to give up square footage for an amenity they want and wouldn’t live in a home that isn’t tech-friendly, according to a survey commissioned by Better Homes and Gardens Real Estate.

The online survey of 500 affluent homebuyers, conducted by Wakefield Research between May 20 and June 4, also showed that most luxury homebuyers believe homeownership is a more sound investment than the stock market, would rather live in a “smart” home than a “green” home, and would rather have an upgraded home than more square footage.

“The luxury consumer is considered a trendsetter in most industries, and to see the strong connection this consumer has with ‘home’ is very significant as we look at the real estate market as a whole,” said Sherry Chris, president and CEO of Better Homes and Gardens Real Estate, in a statement.

Luxury homebuyer survey statementPercentage of respondents agree
Used an agent for real estate services96%
Willing to give up 1,000 square feet of living space in their next home for a lifestyle amenity they want94%
Believe their house is the best on the block93%
Wouldn’t live in a home that isn’t tech-friendly87%
Homeownership is a more sound investment than the stock market75%
Consider a “smart” home more important than a “green” home66%
Rather have upgraded home than more square footage60%
Own multiple homes58%
Homeownership is a bigger indicator of success than their job or title*57%
Prefer owning multiple “lifestyle” homes to support recreational activities like skiing and theater-going53%

Source: Online survey of 500 luxury homebuyers between May 20 and June 4, 2013, conducted by Wakefield Research *Of those luxury homeowner survey respondents who have jobs

A majority of the affluent homebuyers surveyed said they used an agent for neighborhood lifestyle insight (65 percent) as a source of advance info for new listings (64 percent), as a go-to source for housing trends (55 percent) and for support through the homebuying process (53 percent).

More survey results:

– See more at: http://www.inman.com/2013/09/10/survey-affluent-homebuyers-will-give-up-space-for-amenities/#sthash.tSIc4fid.dpuf