Category Archives: Lewisboro

Mortgage rates tick up slightly | Katonah NY Real Estate

Freddie Mac today released the results of its Primary Mortgage Market Survey, showing average fixed mortgage rates climbing a little from last week following positive news for housing starts and building permits.

According to Freddie Mac, 30-year fixed-rate mortgage rates averaged 4.47% with an average 0.7 point for the week ending Dec. 19.

That’s up from last week’s 4.42%.

The 30-year fixed averaged 3.37% a year ago.

The 15-year fixed rate hit 3.51% with an average 0.6 point, up from 3.43% last week.

 

 

 

http://www.housingwire.com/articles/28357-mortgage-rates-tick-up-slightly

US existing home sales fall to lowest level in nearly a year | Katonah NY Homes

U.S. home resales fell sharply in November to their lowest level in nearly a year, hurt by a rise in interest rates since the spring and ongoing price increases that have shut some home buyers out of the market.

The National Association of Realtors (NAR) said on Thursday that sales of previously owned homes dropped 4.3 percent last month, the third monthly fall in a row, to an annual rate of 4.90 million units.

That was the lowest annual rate since December 2012, and well below the median forecast in a Reuters poll of a 5.03 million unit pace.

“It is a clear loss in momentum for home sales,” NAR economist Lawrence Yun told reporters.

Mortgage interest rates have risen sharply since May on expectations the Federal Reserve would start winding down a bond-buying economic stimulus program. The Fed announced on Wednesday it would start tapering its monthly bond purchases next month.

Yun said the rise in mortgage rates, coupled with fast-rising prices, had made home buying less affordable for many Americans.

The data carried a hint, however, that home price gains may be cooling off. The median price nationwide rose 9.4 percent inNovember from the same month in 2012 to $196,300. It was the first time in a year that prices didn’t rise at a double-digit pace.

Yun said the NAR was “very concerned” about plans by the Federal Housing Finance Agency to reduce the maximum size of mortgages which can be bought by taxpayer-owned finance giants Fannie Mae and Freddie Mac. He said this could further impede the housing market’s recovery.

 

 

 

http://www.cnbc.com/id/101198658

Blue is the new cool kid on the backsplash block | Katonah NY Real Estate

Continuing our series on colorful backsplashes, we turn to blue. Blue kitchens are, er, red hot right now. After years of our being advised to not use blue in a kitchen (it’s thought to be appetite suppressing), cool shades of the color are showing up more and more in kitchen tools, accessories and, yes, backsplash materials. Here’s a small glimpse at some of the many blue backsplash options, along with a few tips for working the color into your own kitchen.

One of my favorite kitchen color trends is a palette consisting of black, white and shades of gray and watery blues. The blue glass subway tile backsplash here adds just the right punch of color. Mix in a wooden or natural cork floor for added warmth and texture.
Backsplash: 3- by 6-inch glass subway tiles in Frosted Ocean Grey from The Five Elements
Cobalt blue becomes fashionable every 15 years or so and is currently enjoying an upswing in popularity. But I would never advocate using a color for your backsplash just because it’s trending, as the expense and hassle of changing it once the trend passes is much too great. So if you aren’t sure you’d want this color in your kitchen for very long, paint it on a wall instead. It’ll be much easier (not to mention affordable) to swap out down the road.
If you truly love this color — ever-changing color trends aside — and want to use it for a backsplash, I say go for it. It’s close enough to the indigo color of blue jeans, which we are used to seeing accessorized with any and every color, that it functions as a neutral, giving you flexibility with the palette.
Backsplash: Classic field tile in Opal Blue from Heath Ceramics
It’s tough to compete for attention with this fantastic range, vent hood and stone arch but, boy, the backsplash sure does a good job of it. These beautiful Moroccan blue tiles are hand made in Casablanca. You can mix and match the patterns to create a unique backsplash in your own kitchen.
Backsplash: 4-inch square Fez tiles from Moorish Architectural Design
Navy blue is an elegant, dramatic backsplash color choice. It looks superb when paired with medium to dark wood tones as well as shades of orange, its complementary hue on the color wheel. Backsplash: 2- by 8-inch Debris Series field tile in Navy Gloss from Fireclay.

IMF sees risk in Israel’s housing marke | Katonah NY Homes

Israel’s low interest rate environment has the danger of further boosting housing prices, the International Monetary Fund said Monday, but the possibility of a quick adjustment in prices is also worrying.

In the concluding statement of its annual consultation, the IMF said that Israel was conducting proper monetary policy given the strength of the shekel and the global environment. “The low interest rate environment could, however, fuel further house price increases,” the report said.

“If house prices continue to rise, macroprudential measures, notably those which directly restrict the size and risk of mortgages, should be further tightened.” The IMF also recommended increasing property purchase tax for non-primary residences temporarily and, crucially, taking measures to boost the supply of housing, “including by implementing the recommendations of the Housing Committee.”

Despite the difficulties posed by the increased prices, however, the IMF also noted that a crash of prices posed an economic risk to Israel.

“A correction in the housing market and the associated feedback loops could undermine banks’ asset quality and profitability, and pose financial stability risks, the report said. “Despite progress in addressing concentration, risks concerning the financial viability of some large highly-leveraged corporates (holding companies and real estate and construction firms in particular) remain.”

All in all, the IMF mission found Israel’s economy to be growing moderately, projecting 2014 growth to fall somewhat to 3¼. The greatest risks posed to the economy are external – sluggish growth in the United States and Europe mean less demand for Israeli products abroad.

 

 

http://www.jpost.com/Business/Business-Features/IMF-sees-risk-in-Israels-housing-market-335150

So Why is Your Marketing Failing? | Katonah NY Realtor

Internet marketers everywhere seem to agree that if you don’t have an  audience, you don’t have a future. They argue that if you have to pay for  traffic to make money, you’re not just being wasteful, you really don’t  understand how the social web works, or where marketing is headed in the years  going forward.

Well, I’m going to respectfully disagree. If you ask me, if you want your  business to have a future, one audience isn’t enough. The truth is, the  most resilient businesses are going to need at least two audiences if  they hope to make the most of limited resources to succeed. Maybe that is why  your marketing is failing.

Let me explain.

Meet your two audiences

You don’t know it yet, but you actually already have two audiences. The  problem is, you’re probably alienating at least one of them. Here’s what I’m  talking about:

1. Core audience

These are the people who are completely obsessed with the topic in question.  The live, eat, and breath the stuff you blog about. In fact, some of these  people will know even more about the topic than you do, at least when it  comes to certain aspects of it.

2. Mainstream audience

These people have little or no direct interest in your topic, but they might  have some tangential interest in it. For the most part, the only thing they want  to know is why any of this should matter to them, and if you can’t keep them  entertained, they won’t be hanging around for long.

While your business won’t necessarily die without both of these  audiences, let’s just say that without some appeal to both of them, your use of  resources will be…less than optimal.

Brands that failed to reach both audiences

There’s certainly no shortage of brands or  campaigns that failed because they failed to reach both  audiences.

Coca Cola

Take the whole New Coke fiasco. Contrary to popular belief, most people actually liked the new flavor better. They succeeded at reaching the  mainstream, but they alienated their core audience. This vocal minority  destroyed the new brand, and while they may have ironically strengthened the  classic brand with the whole experiment, New Coke itself was a disaster.

Digg

The same goes for Digg. Those of you who have been in internet marketing for  a while can remember “the Digg effect” and just how powerful it was to have your  site make the front page of the social bookmarking site. But Digg lost  a huge portion of its audience after a site redesign that was aimed at a  more mainstream audience, and eventually lost so much of its traffic that it was  sold and replaced.

Boxee

Brands that fail to reach a mainstream audience don’t fare any better.  Internet TV startup Boxee  was recently sold to Samsung, and is being shut down. Boxee had a strong  core following, but it failed to reach the mainstream due to its steep prices,  as well as too much focus on tech specs and not enough on the user experience,  and an inability to strike up deals with content owners.

When you look at highly successful brands like Apple, PlayStation, or even  Star Wars, you’ll find that they have appeal to rabid fanboys and mainstream  audiences alike.

Is viral marketing a myth?

There’s a very good reason for this, and it has to do with audience growth.  At CrazyEgg, we recently discussed why  viral marketing is a myth, and why customer retention is the true barrier to  growth. Brands with a growing audience must do two things: they must attract new  members and they must keep their old ones.

It’s simple, really.

If you aren’t appealing to a mainstream audience, you aren’t going to get new  visits. If you aren’t appealing to your core audience, you’re not going to keep  your previous visitors.

Core audience is more important than mainstream

Now, I personally believe that your core audience is more important than the  mainstream. Alienate your core audience and you don’t have a brand. Alienate the  mainstream and they’ll probably just forget about you, and possibly rediscover  you. Since staying in business is always more important than growth, I’ll side  with a core following any day.

That said, having both audiences truly is the winning formula, so let’s talk  about how to make that work.

Read more at http://www.jeffbullas.com/2013/12/16/so-why-is-your-marketing-failing/#BorvZExjfGV7kFyG.99

New home purchases decrease 18% | South Salem NY Real Estate

Even while mortgage applications for new home purchases in November were down 18% from October, according to the Mortgage Bankers Association, the size of the average loan continued to trend upward.

The average loan size for new homes reached $295,523 in November, according to the MBA’s Builder Application Survey.

Since the MBA started publishing the monthly survey this summer, average home loan size has increased more than $12,000 from the June average of $283,000.

The number of new homes sold in November decreased to 32,000, from 40,000 in October.

The MBA estimates that sales of new single-family homes were running at a seasonally adjusted annual rate of 455,000 in November.

By product type, conventional loans composed 66.2% of loan applications, FHA loans composed 19.9%, RHS/USDA loans composed 1.1% and VA loans composed 12.9%.

MBA’s Builder Application Survey tracks application volume from mortgage subsidiaries of homebuilders across the country.

 

http://www.housingwire.com/articles/28282-new-home-purchases-decrease-18

 

HUGE NEWS: Websites soon to end in .mortgage or .home | Katonah NY Realtor

Imagine coming to this website by simply typing “housing.wire” into your web address bar.

That’s right, no “.com” necessary.

This hugely flexible option for online businesses — as well as other, brand-specific URL endings — is one step closer to reality.

The Internet Corporation for Assigned Names and Numbers recently released more than a thousand potential URL suffixes, a vast increase in the 22 currently in use.

According to law firm Ballard Spahr, which broke the news in its Privacy and Data Security and Intellectual Property Alert, website domain names will start looking dramatically different.

These listings are the first wave of ICANN new generic top-level domain names, or gTLDs, as they are more commonly referred to. Some are already online, and the mortgage-type listings will be available in a matter of months.There is no specific timetable.

“What it means to the mortgage banking industry is they also need to consider their internet security, as well as their trademarks and whether or not they need to defensively register,” said Amy Mushahwar, privacy and data security cousel for Ballard Spahr. “Any internal naming architecture, internal email server with .loans for example, could also create a conflict. They need to take a peek and not only see any names worth registering, but whether any of the thousands of new names could impact their existing digital structure.”

In response to a request from HousingWire, Ballard Spahr pulled a list of housing and banking potential substitutes for .com or .org.

Those examples include, but are not limited to:

.BROKER .CREDIT .CREDITUNION .FINANCE .FINANCIAL .HOME .HOMES .INVESTMENTS .LAND .LEASE .LOAN .LOANS .MORTGAGE .REALESTATE .REALTOR .REALTY

There are also many brand strings available, below are a few examples: .BBT .CAPITALONE .CITI .HSBC Ballard Spahr said it plans to complete a more comprehensive list of potential URL endings in the near term. Companies, and no doubt there will be plenty, looking to cash in on this new option should be warned, however, as risks include adding to consumer confusion.

And that’s not all.

“Issues arising from the complexity of Domain Name System (DNS) expansion, if not fully resolved, could pose security risks and potentially destabilize global Internet operations,” the Ballard Spahr alert stated.

 

 

 

http://www.housingwire.com/blogs/1-rewired/post/28286-huge-news-websites-soon-to-end-in-mortgage-or-home