National news bodes well – Coeur d’Alene Press: Real Estate.
National news bodes well for real estate | Bedford Real Estate
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Monthly Archives: September 2014
London Home Prices Post First Fall Since 2012 on Demand Drop | Pound Ridge Real Estate
An 1850s Barn Gets a Family-Friendly Makeover | Bedford Corners Real Estate
New details emerge about missing Arkansas Realtor | Chappaqua Real Estate
Pied-à-terre tax | Bill de Blasio on real estate | Armonk Real Estate
Londoners threaten to flee the capital over housing costs | Cross River Real Estate
Londoners are threatening to leave the capital in their droves as many struggle to pay rocketing housing costs, as wealthy overseas and domestic cash buyers prop up housing prices.
The city could face a “brain drain” as employees look to relocating to more affordable parts of the country, according to research conducted by YouGov for London First.
The not for profit organisation that promotes London to investors said the capital is going to feel the economic consequences of London’s housing shortage with nearly half of those polled vowing to leave the city if prices keep climbing.
The majority of employees (56pc) find it difficult to pay rent or mortgages costs and work in London while three quarters of businesses warned that a lack of supply and costs are a “significant risk to the capital’s economic growth.”
London employees, employers, councillors and more than 1,000 members of the public were all polled on behalf of business group London First and global construction consultancy Turner & Townsend.
read more…
http://www.telegraph.co.uk/finance/economics/11120163/House-prices-Londoners-threaten-to-flee-the-capital-over-housing-costs.html
Down to Earth Farmers Market | South Salem Real Estate
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| Croton-on-Hudson Market Adds THREE Day Vendors on Sunday; 2nd Annual Piermont Apple Pie Contest on 9/28 at the Market; Ossining: T-Shirt to Tote Workshop Creates Alternative to Plastic Bags + MORE September 25th – October 1st, 2014 DowntoEarthMarkets.com | ||||||||||||
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Click on a Market to see all vendor and event details…
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| Announcements | ||||||||||||
| Ossining: Music, Cornell Master Gardeners, Free Yoga & T-Shirt to Tote! What a market we have planned for you this Saturday, September 27th: Join us as the acoustic duo, Deuces Child, serenades the market from 10 am to noon. Then all are invited to join the free yoga class with Dragon Fly Yoga in Market Square from noon to 1 pm. All market day, Cornell Master Gardeners will be on hand to answer your garden queries. Also, Green Ossining volunteers will demonstrate how to create reusable tote bags from t-shirts. Their fun and easy bags are a great way to join the effort to eliminate plastic shopping bags from the market. Let’s go green together. Croton-on-Hudson From 11 am to 1 pm this Sunday, Susan Chasen from the Organic Teaching Kitchen will host a cooking demonstration be at the Croton-on-Hudson market. She’ll create a fresh and easy seasonal recipe to taste and try at home. Stop by and learn about organic eating and pick up ideas for your own kitchen. Piermont For additional events, visit our Down to Earth Markets Event Calendar. Stay tuned to all market happenings via our Down to Earth Markets Facebook page | ||||||||||||
| Wave Hill Breads Recommends: Panzanella (Tuscan Bread Salad) Made with Fresh Market Ingredients | ||||||||||||
Margaret Sapir of Wave Hill Breads recently shared a recipe that underlines two longstanding truths about Down to Earth vendors: 1) They sure know good food and 2) Every week at the farmers market, they inspire one another. When great culinary minds unpack next to overflowing tables of fruits and vegetables, they get to thinking. For Margaret, the tomato bounty churned her creativity. She searched for recipes to bring together her award-winning breads with the local harvest. Here she suggests Panzanella a.k.a. Tuscan Bread Salad. Local tomatoes are soon to recede into background, as cauliflower, winter squash, and other fall favorites begin to bear. We join in Margaret’s suggestion to savor the last of this year’s tomatoes, together with the amazing breads that Wave Hill Bread brings to market every week. Note from Margaret: I’ve adapted this recipe from Divina Cucina.This Mediterranean salad is an example of the green, white, and red colors of the Italian flag. In the 1500’s, a poem by the famous artist Bronzino describes the salad. At that time, the tomato had not been introduced into Italy yet. The ingredients were limited to cucumber, onion, basil, arugula, and bread. The Italian bread is salt-free, so they add salt to the salad recipe. According to the recipe, it is important to use bread without preservatives and let it go stale. You can cut the Wave Hill Bread thickly and let it dry. The traditional recipe aims for a crumbed bread texture. Panzanella (Tuscan Bread Salad) Ingredients Directions | ||||||||||||
| Rotating* Vendors This Week *Vendors who rotate through various markets during the season. They enjoy getting to know many communities, and here’s where to find them this week: Larchmont – Saturday, Sept. 27th Ossining – Saturday, Sept. 27th Croton-on-Hudson – Sunday, Sept. 28th Piermont – Sunday, Sept. 28th e-Desserts Rye – Sunday, Sept. 28th | ||||||||||||
| Down to Earth Markets 173 Main Street Ossining, NY 10562 Phone: 914-923-4837 DowntoEarthMarkets.com | ||||||||||||
NAR economist predicts booming sales | Waccabuc Real Estate
With 8,000 baby boomers expected to retire daily for the next several years in the U.S., Southwest Florida stands to benefit from a massive influx of home buyers, the chief economist of the National Association of Realtors believes.
Lawrence Yun said the baby boom influx will not be just from the U.S. states, because the phenomenon was not limited to America.
“After the war, servicemen came home and started having babies,” Yun told an audience of 200 Wednesday at the annual Sarasota International Real Estate Conference.
“The same thing happened all over the world.”
Already, half of all foreigners who buy real estate in Florida are retired.
In all, foreign buyers make up about 10 percent of the state’s buyers, Yun noted, though locally that figure may be higher.
While German buyers tend to acquire property in Naples — partly because there’s a direct flight from Frankfurt to Southwest Florida International Airport outside Fort Myers — Sarasota attracts a more diverse international buyer, led by Canadians and residents from Great Britain, Yun said.
Chinese buyers may become a greater presence here, too, because that country’s economy continues to “turn out millionaires right and left,” Yun said. Economic growth there is roughly 8 to 9 percent annually, on par with America’s growth in the 1950s.
“We have seen a surge of Chinese buyers coming into the U.S., primarily on the West Coast,” Yun told the conference, which was sponsored by the Sarasota Association of Realtors’ Global Business Council. “But they will begin to see that other parts of the country are attractive.”
read more….
http://www.heraldtribune.com/article/20140925/ARTICLE/309259992/-1/todaysweb?Title=NAR-economist-predicts-booming-sales
Navigating the NYC real estate market | Katonah Real Estate
Choosing a home in a hot New York City real estate market can be daunting. With the market being so high, should you rent or buy?
We turned to licensed broker Daniel Nassi for some help. He said inventory is out there, so it “really comes down to whether you have the money or not.” Nassi said mortgage rates are comparatively low, which could make buying a better investment than renting. But if you need financing, you may be at a disadvantage. A number of cash buyers are in this market and they have a leg up.
“When you’re a seller and you have somebody who comes in, for instance, as a cash buyer you don’t have to worry if they’re going to be able to close,” Nassi said. “When you have somebody who has financing they don’t have as much leverage as someone who does not.”
As for rents, prices are high and aren’t moving. Douglas Elliman’s monthly report breaks down rents throughout the city. The median in northwest Queens is about $2,700, Brooklyn just over $2,800, and Manhattan gets an average of $3,175.
Nassi showed us a one-bedroom apartment in his building at 220 Park Avenue. 650 square feet will go for $3,500 to $3,600.
“If you rent, you might be spending more money than if you buy,” said Jennifer Gould Keil, the celebrity real estate columnist for the New York Post. She said whether you’re renting of buying the best deals are in Midtown West and the Upper East Side.
“The surprising thing is that areas like the Upper East Side, that were once so incredibly expensive, are now places where you can get the best deals in town,” she said. “And places that are up and coming in Brooklyn might be a little bit overpriced.”
Do your homework, get to know the neighborhood, and visit it at all times of day.
“We talk to some police officers who were saying they couldn’t believe that brokers will schedule open houses on a Monday morning in an up-and-coming neighborhood where things look wonderful, and buyers or potential buyers don’t know that there are shootings at 3 a.m. on Saturdays.”
New Yorkers we spoke with watch the market closely.
“Owning is always good, real estate always goes up so owning would be good for anybody,” Romain Singh said.
“When I bought my property it was many years ago, so it was so much cheaper, but now the prices has escalated that it’s impossible to buy,” Cleonie Sinclair said.
The real estate market does tend to slow down in the fall, especially around the holidays. You may have fewer options, but it could be a good time to negotiation.
read more…
http://www.myfoxny.com/story/26620516/navigating-the-nyc-real-estate-market
Housing prices stagnate in New Haven | Bedford Hills Real Estate
Although nationally there has been a huge recovery in real estate prices this past year, New Haven is one of only six cities in the country that did not report higher real estate prices from May 2013 to May 2014.
This stagnation in home prices has caused concern from realtors and city officials who said this may be a troubling indication of the state of New Haven’s economy. In response to this news, city officials said that their plans to improve living standards in the city should help fix the problem.
“The city is working on a number of initiatives that would indirectly improve the market. Bringing jobs to the city, improving the public school system, keeping city streets safe would all have an indirect effect on home prices,” said Laurence Grotheer, Director of Communications at the Office of the Mayor of New Haven.
But in the meantime, realtors are struggling to come to terms with a difficult financial situation. Last year there was an initial rush of buyers, but the market has since slowed and prices have not risen, said Linda Schauwecker, the co-owner of Real Estate Two Inc.
John Cuozzo, Principal and Broker of Press|Cuozzo Realtors, has experienced similar problems providing his services in the Greater New Haven area. Cuozzo said the lower real estate prices are a product of Connecticut’s slow recovery from the 2008 financial crisis.
“Connecticut has not rebounded as other states have and the real estate market in New Haven is suffering as a result,” Cuozzo said.
Stagnating home prices throughout New Haven have not impacted University Properties, according to Bruce Alexander, vice president for New Haven and state affairs. He added that University Properties owns downtown property but doesn’t participate in home sales.
“Our objective in the University’s community investment program is to improve the state of the New Haven economy, not depend on it, ” Alexander said in an email.
University Properties, he added, has not experienced any difficulty in recruiting or retaining new tenants.
This data may not be cause for despair, Mark Abraham, the Executive Director of DataHaven said in an email. Housing price trends should be observed over many years, especially in a relatively small market, Abraham added.
Furthermore, family home prices may not be related to other real estate projects, such as commercial development or other types of housing, Abraham said.
read more….