Monthly Archives: February 2014

7 Ways You’re Ruining Your Wood Floor | Bedford Corners Real Estate

 

Our resident expert, Carolyn Forte, Director of the Good Housekeeping Research Institute Home Appliances and Cleaning Products Department, shared these words of warning.

1. Vacuuming with a rotating brush Your vac’s rotating brush can be very abrasive to wood floors. Turn off the brush roll or use a floor brush attachment instead. But make sure you vacuum often — gritty dirt and dust particles can scratch your floor when they sit for too long.

2. Wet-cleaning too often Unless your wood floors get tons of foot traffic, you don’t need to wet-clean them more than every one to two months. Instead, keep your wood floors well-vacuumed (see number one) and spot-clean as needed.

3. Drenching the floor with cleaner Today’s wood flooring finishes are much more resistant to water than ones in the past, but that doesn’t mean you should flood your floors with cleaning solution. When it’s time to wet-clean, tackle small areas at a time with a damp, not wet, mop or cloth and dry them promptly.

 

http://shine.yahoo.com/at-home/7-ways-39-ruining-wood-floor-173700832.html

5 Cities With the Fastest Rising Home Prices | Chappaqua NY Homes

 

According to the latest data, housing prices had their best November since 2005 according to the S&P/Case-Shiller Home Price Index.

Home prices generally dip downwards in November, and while the average home price fell by a fraction of a percent (0.1% to be exactly), the chairman of the Index Committee, David Blitzer, noted that even despite the dip, “November was a good month for home prices.”

The steady road to recovery Although home prices plummeted following the financial meltdown and subsequent bursting of the housing bubble, 2013 has marked a year where home prices have rebounded significantly. Through the end of September last year, the average home price in the U.S. grew by nearly 12% since January, and prices in the major 20 cities measured in the Case-Shiller Index grew by 13.5%.

While there was wide variation in the rate of that price growth, ranging from 6% to 25%, there were still encouraging signs in all cities as home prices rose, even despite the rising mortgage rates. It is also widely anticipated that home prices will rise in 2014, just at a slower rate than what was seen in 2013.

To see which cities have watched their prices rise the most this year, as well as the national trends, check out the infographic below.

 

http://www.fool.com/investing/general/2014/02/02/5-cities-with-the-fastest-rising-home-prices.aspx

Home Prices May Not Get Back to Peaks Until 2021 | Armonk NY Homes

 

Despite the recent breakneck clip of home appreciation in some parts of the country, national home prices are on pace to rise just 3 percent to 5 percent annually, according to a new report by real estate analytics firm Clear Capital.

The report finds that national market has finally recovered from housing bust, with home prices have been increasing within 2 percent of their inflation-adjusted long-run average levels. That doesn’t mean prices are anywhere near their peaks at the height of the bubble; at the current pace of appreciation, they won’t reach those levels until 2021.

“With the majority of metro markets still so far below peak prices, it’s time for conversations surrounding price trends to shift away from the 2006 peak as a point of reference, and  back to current trends an forecasts,” Alex Villacorta, Clear Capital vice president of research and analytics said in a statement.

“While there are certainly investors and homeowners holding real estate assets tat will be underwater for seven years or more, the current housing market is positioned to behave very sillier or even below historical norms.”

In real terms, inflation-adjusted home prices are below their 2003 levels in 92 percent of markets, and half of markets are still below their 2000 levels. Honolulu is the only city in the top 50 markets to be near its peak level.

 

http://finance.yahoo.com/news/home-prices-may-not-back-175500422.html