Category Archives: North Salem

Survey: Younger generation not fazed by housing crisis | Pound Ridge Realtor

A survey of 18- to 35-year-old Americans shows that the housing downturn hasn’t deterred most from aspiring to buy a home, and most feel that the crisis made them more knowledgeable about homeownership.

Commissioned by Better Homes and Gardens Real Estate, the online survey of 1,001 members of “Gen X” and “Gen Y” was conducted by Wakefield Research between July 18 and 26.

For 69 percent of respondents, a key “readiness indicator” that someone is ready to buy a home is whether they can also maintain their lifestyle. For 61 percent of respondents, the indicator is that they’ve landed a secure job.

The top areas to research before buying were home prices in a desired neighborhood (59 percent), interest rates (58 percent), and the ability to secure a loan (51 percent).

Many said they were willing to adjust their lifestyle to save for a home by eating out less (62 percent), working a second job (40 percent) or moving back home with their parents (23 percent).

Sherry Chris, president and CEO of Better Homes and Gardens Real Estate LLC, said in a statement that the survey shows that just as the 1970s oil crisis influenced the thinking of baby boomers, the housing downturn has helped members of Gen X and Gen Y come to “believe that the details, risks and rewards of homebuying are integral to their planning.”

Better Homes and Gardens Real Estate, Chris said, “recognizes this shared generational experience and its effects on young homebuyers. We realize how important it is for real estate professionals to understand generational differences and be able to adapt their business to best serve these two generations that will drive the economy for the next 30 years.”

A Basic Visual Design Guide for the Visually Incompetent | Mount Kisco NY Real Estate

Have you ever woken up one day, looked at your blog’s header and other visual elements, and thought, “My, this is ugly!”

You need a visual redesign.

What to do?

There are two solutions to this problem: you hire a designer to work on your new visuals from scratch, or you try to do it yourself. The first solution can come at a cost, so cash-strapped bloggers can easily be tempted to try building their blog’s visual elements by themselves.

But what if, like me, you’re visually incompetent? I mean, really incompetent? You can’t draw a stick figure to save your life, and you know absolutely nothing about the basics of visual design. You’re a writer, after all, and writers are better off writing than playing around with pictures.

And yet, you can’t afford a designer, so you need to find a way, any way, to do it yourself.

In this article, I will share the lessons I have learned trying to redesign my blog visuals on my own—header, logo, and all.

Start with software that you understand

We’ve all tried to play with those complex professional photo and visual design programs. You load a picture or an empty canvas and you think “Wow, with all these great tools, I’m sure I can come up with something amazing!”

Well, not so much. After five minutes of trying to understand the functions of the program, you give up. This happened to me time and time again, until I discovered a nice little Mac app called Logoist.

Logoist is simple and has all the functions I need. I can use cliparts from its extensive library, add text, apply filters and effects and insert pictures and photos. Its interface is intuitive and it has a few tutorials to show you the ropes. It also has automatic grid lines that help align all your elements. This simplicity let me create more freely than any professional design program could.

There are a lot of apps and programs you can use for both Mac and PC. Some are free and most are reasonably priced. You don’t have to go for the $500 creative suite to get the job done.

Black and white are your friends

I’ve always worked under the principle that, when in doubt, you should take the simplest route. In visual design, black and white is a great base to start with.

A black and white design looks professional, clean, and easy to work with. You don’t have to worry about colors matching or clashing. You know your text and your visual elements will be readable on a computer screen, a tablet or a smartphone. Black and white reminds readers of printed paper, something that’s ubiquitous and familiar. It’s trustworthy.

But of course, black and white can become a little bland. To add variety, choose one (and when I say that, I really mean one) accent color for your sidebar widgets, for the picture in your logo, or for the blog title in your header.

For example, on my writer’s website, I decided to go with dark red. It’s a color I like, and I think it brings about the right amount of visual interest. On my blog, I count on the pictures inserted in my posts for a blast of color.

Play with fonts

For my blog’s header, I decided to keep everything simple and play with fonts rather than pictures or images. Each word of my title (Read, Write, Live) uses a different font that expresses something unique about that word.

“Read” is in a formal, serif type that you could find in a book or newspaper. “Write” is in a handwritten-looking font that illustrates the act of writing on paper and separates it visually the other two words. “Live” is in a bold, sans-serif font with unexpected lines. I added a small ornament (one of the cliparts in Logoist) in the middle for visual interest.

Here’s the logo version, with the first letter of each word:

Blog logo

Fonts are great because you can give personality to words and ideas before they are processed by the brain through reading. They leave an instant impression, and can make or break the viewer’s desire to read on.

A tool I love for choosing awesome fonts is Google Fonts. If you’re tired of Times New Roman and Comic Sans, Google Fonts has an impressive collection of independent, public domain fonts you can use.

Be yourself, be realistic

The most important thing when you’re stuck having to design your own visual elements without training is to be honest with yourself. If you don’t know how to use vector software, then don’t. There are a lot of solutions that are within your reach and your abilities.

You also need to be realistic: there is no substitute for a professional design. As much as a self-designed header and logo can fill in temporarily, as soon as you get a steady flow of readers, you’ll be expected to get some custom, professional visual design on your blog. But as a beginner or novice blogger, a handmade, simple header and minimal visual elements can go a long way

One last thing: remember to have fun. I can tell you that this kind of visual work can be absorbing and exciting when you really get into it. I didn’t know I could come up with something so attractive on my own. I was very proud of the results, and it got me compliments from readers too!

Have you ever tried to design your own visual elements? Do you have any other basic visual design tips you’d like to share with the visually incompetent among us? I’d love to hear from you!

Weekly Wrap-Up: How Evil Is Your Smartphone, When To Pivot Your Startup, And How To Watch The Presidential Debate Online | North Salem NY Real Estate

How Evil Is Your Smartphone, 8 Startups On When To Pivot, and How To Watch The Presidential Debates Online. All of this and more in the ReadWriteWeb Weekly Wrap-up.

After the jump you’ll find more of this week’s top news stories on some of the key topics that are shaping the Web – Location, App Stores and Real-Time Web – plus highlights from some of our six channels. Read on for more.

How Evil Is Your Smartphone?

Okay, maybe there are no ethical smartphones. But some must be better than others, right?  How Evil Is Your Smartphone?

More Top Posts:

When Is It Time To Pivot? 8 Startups On How They Knew They Had To Change

There comes in a time the life of many startups when it becomes clear that everything is not going according to plan. But how do entrepreneurs tell if they need to keep going all in on the original plan, or pivot to something new? When Is It Time To Pivot? 8 Startups On How They Knew They Had To Change.

How To Watch The U.S. Presidential Debates Online – Updated

As Mitt Romney and Barack Obama prepare for their third and final debate on Monday night, your options for tuning in are greater than ever before, How To Watch The U.S. Presidential Debates Online.

Don’t Make The Mistake Of Preordering A Windows Surface RT Tablet

The problem is Microsoft’s “long tease” – the slow, steady drip of information leading up to the launch of Windows 8, Don’t Make The Mistake Of Preordering A Windows Surface RT Tablet.

Why Brands Should Build Their Own Social Communities

Meet SocialEngine, white-label software that helps businesses build their own branded, interest-driven social networks, control their message and turn participants into potential customers. The service has been around for a few years with some success, but the product has now been relaunched as SocialEngine Cloud, retooled for bigger clients, Why Brands Should Build Their Own Social Communities.

Color’s Epic Collapse: Why Everybody Is Loving It

Reports say that the engineering talent from Color is going to be acquired by Apple and the app will be shut down. No one but its investors and employees not going to Apple will shed a single tear, Color’s Epic Collapse: Why Everybody Is Loving It.

What The Hell Just Happened At Google?

There’s only one thing worse than missing your numbers – and that is missing your numbers and not even being able to report that news correctly, What The Hell Just Happened At Google?

The FTC Wants YOU! – To Kill Robocalls

The FTC Robocall Challenge is offering a cash prize for anybody that can come up with the best way to eliminate robocalls from reaching consumers’ cellphones and landlines. The submission window runs from October 25 to January 17, 2013. Winners, if there are any, will be announced in April 2013, The FTC Wants YOU! – To Kill Robocalls.

The Democrats Prank Romney With Clever Search Engine Fun

This is what national, presidential-election-year political campaigns do now: They make little prank websites to undermine their opponents. It’s the tech-savvy, 21st Century equivalent of a TV attack ad, The Democrats Prank Romney With Clever Search Engine Fun.

The iPad Mini’s Killer Feature = Price

The tablet market is different from that of other gadgets. While many people believe they need a mobile phone and a computer to meet their personal and business goals, a tablet is more of a “not necessary, but nice to have” type of device, The iPad Mini’s Killer Feature = Price.

Home sales dip, but tight inventories provide price support | Mount Kisco NY Homes for Sale

Sales of existing homes slipped from August to September but were still up strongly from a year ago — a sign that the national housing market is finding solid ground, the National Association of Realtors said today.

At a seasonally adjusted annual rate of 4.75 million, sales of single-family homes, townhomes, condos and co-ops were down 1.7 percent from August to September, but up 11 percent from a year ago.

September sales of existing homes were up 11 percent from last September with a seasonally adjusted annual rate of 4.75 million, which represents a slight dip of 1.7 percent from August’s upwardly revised rate of 4.83 million.

The 2.32 million homes on the market at the end of September represented a 5.9-month supply, down from 8.1 months a year ago. Many analysts view a six-month supply of housing as an even balance between buyer and seller demand.

Thanks to tight inventories, the national median home price was up 11.3 percent to $183,900 from a year ago, the seventh month in a row of annual increases and the longest stretch of annual increases in six years.

“We’re experiencing a genuine recovery,” said Lawrence Yun, NAR’s chief economist, in a statement. “More people are attempting to buy homes than are able to qualify for mortgages, and recent price increases are not deterring buyer interest,” he said.

Article continues below

Low inventory will be a temporary issue, said Jed Kolko, Trulia’s chief economist. “Rising prices will get some homeowners back above water and willing to sell their homes, and tight inventory will encourage builders to keep ramping up new construction, bringing more new homes to market,” he said.

First-time buyers accounted for 32 percent of purchasers in September, up from 31 percent in August.

Foreclosures and short sales sold for 21 percent below market value, on average, and accounted for 24 percent of September’s sales.

All-cash deals accounted for 28 percent of September’s sales — up a percentage point from August and down two from last September.

Existing-home sales, September 2012

Seasonally adjusted annual rate4.75 million
% change from September 201111.0%
% change from August 2012-1.7%
National median price$183,900
% change from September 201111.3%
Unsold inventory (months’ supply)5.9
Share of all-cash buyers28%
Share of investor buyers18%
Share of first-time buyers32%
Share of distressed sales24%

Source: National Association of Realtors

All U.S. regions saw existing-home sales and prices rise in September from a year ago.

As was the case in August, the Midwest led the way in home sales with a 19.6 percent year-over-year increase to an annual rate of 1.1 million sales. The median price in the Midwest also rose in September from a year ago, up 7 percent to $145,200.

The South saw sales jump 14.2 percent from last September to an annual rate of 1.93 million. Median prices jumped, too, to 13.1 percent from last September to $163,600.

Home sales rose 7.3 in the Northeast on an annual basis to a rate of 590,000. Median prices in the region rose 4.1 percent to $238,700.

The West experienced a slight 0.9 percent yearly increase in home sales to 1.13 million, but saw the largest yearly median price jump of any region, 18.4 percent to $246,300, in September.

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Fannie Mae sees housing improving despite economic uncertainty | Pound Ridge NY Real Estate

Fannie Mae economists see somewhat of a bifurcated economy with the GSE’s forecast for 2013 divided between predictions of a gradually improving housing market and headwinds posed by tax and federal policies that will create economic drag.

Fannie Mae’s Economic & Strategic Research Group says economic activity picked up in the third quarter, but will remain sluggish with sub-2% GDP growth projected for this year.

Yet, the housing market is improving despite all of the uncertainty that Fannie economists see in the broader marketplace.

“The U.S. fiscal cliff and debt ceiling debate as well as the weakened global economic environment are likely to create the strongest headwinds facing any real improvement this year,” said Fannie Mae chief economist Doug Duncan. “With these issues hanging in the balance, we believe risks remain tilted to the downside.”

Housing, on the other hand, is showing signs of what Duncan’s team calls a “sustainable, long-term recovery.” Duncan’s comments fall in line with those of Wells Fargo ($34.34 0%) senior economist Mark Vitner, who also thinks the housing recovery is sustainable through economic troubles.

Home prices are moving towards positive territory when compared to year ago levels, Fannie noted in its October economic update.

The GSE’s research team believes it’s likely prices hit bottom earlier this year, a necessary development that generally precedes a recovery.

Fannie suggested with record low mortgage rates and the Fed’s mortgage-backed securities purchases, consumers will begin turning towards the housing market to nab low interest rates.  The GSE expects home sales overall will rise 9% for 2012 when compared to last year.

Fannie also anticipates more refinancings considering today’s record low mortgage rates. The GSE expects total refinance originations to hit $1.8 trillion in 2012, up 20% from a year ago.

via housingwire.com

Pound Ridge NY Real Estate | Pending single-family sales shoot up 40% in Florida

Florida earned its reputation as a recovered Sand State in September with pending home sales soaring 40.1% above year-ago levels.

While pending sales are contracts yet to be closed, Florida Realtors found that statistic compelling enough to declare Florida no longer in recovery mode, but stabilized and on solid footing.

Closed single-family sales also increased, rising 2% from last September to 15,643 sales last month, the Florida Realtors industry data and analysis department said.

The statewide median price for single-family homes also grew 7.4% from last year, with the actual median hitting $145,000. Half of the homes in the state sold above that price-point, while the remainder sold somewhere below it.

Inventory levels also lessened, making the market more competitive and situated for a stronger home-price recovery.

“[I]ncreased buyer demand in many local markets is creating inventory shortages — and that’s putting pressure on prices,” Florida Realtors said. “For sellers who may have been reluctant to enter the market, it’s now time to reconsider. Conditions are turning to a seller’s market.”

Single-family inventory alone reached a 5.2-month supply, the association said. Generally, a level of six months is symbolic of a balanced market for both buyers and sellers.

The state is now leaning in favor of sellers, suggesting now may be the time to move property, the association pointed out.

Townhome and condo properties saw total sales fall 2.9% from last year with only 7,329 units sold. Pending sales, on the other hand, increased 30.6% when compared to 2011 figures.

The statewide median for townhome-condo properties hit $105,736, up 18.8% from a year ago.

via housingwire.com

Popular Refinance Programs for Owners With Equity | Pound Ridge NY Homes

Interest rates have been hovering near all-time lows for weeks now, and many people are watching reports on both how low rates are as well as “new” refinancing programs such as the HARP refinance for underwater borrowers.

But what if you don’t currently owe more on your mortgage than your house is worth? Can you still refinance?

Of course.

In fact, in many circumstances it will actually be easier to refinance if you have equity in your home.

When considering refinancing, the first step is to identify your goal. Do you just want a lower monthly payment? Do you want to get cash in exchange for some of the equity you have built up in your home?

Once you have identified your goal, the second step is to learn more about the refinance program that will best match your needs.

Conventional refinance

If your loan is backed by Fannie Mae or Freddie Mac, it is considered a “conventional” loan. Refinancing a conventional loan is the most common refinance option. Highlights of conventional refinance programs include:

  • Appraisal required
  • Full employment and income verification
  • Employment history of two years
  • 620 credit score
  • Popular to go from 30-year term to 15-year term
  • 95 percent loan-to-value with mortgage insurance, 80 percent without
  • Lender credit allowed to cover closing costs

FHA streamline refinance

The FHA streamline refinance program is designed for people who currently have a Federal Housing Administration (FHA) loan and just want to lower their monthly payments. If you have done an FHA streamline refinance in the past, you may still be eligible to do another FHA streamline as long as it benefits you financially. Highlights of the FHA streamline program include:

  • No appraisal required
  • No income verification
  • No credit score verification required by HUD, but payment history will be considered
  • Low fixed rates
  • Lender credit allowed to cover closing costs

VA streamline refinance

The VA streamline refinance is a popular program for veterans or active-duty military personnel who have a Veterans Affairs loan. Similar to the FHA streamline, the VA streamline is designed for people who want to lower their monthly mortgage payment without getting cash out. Highlights of the VA streamline program include:

  • No appraisal required
  • No income verification
  • No credit score verification required by HUD, but some lenders may set minimum score requirements
  • Low fixed rates
  • Reduced funding fee requirement (0.5 percent)
  • Lender credit allowed to cover closing costs

Cash-out refinance

In the event that you want to convert part of your home’s equity to cash, there are programs called “cash-out” refinance programs. FHA, VA and conventional loans all have different cash-out refinance requirements, but generally speaking, here are some highlights of what to expect:

  • Appraisal required
  • Full income and employment verification
  • 620 credit score
  • 85 percent loan-to-value for FHA; 80 percent for conventional; 100 percent for VA
  • Lender credit allowed to cover closing costs

While rates are low, it will often make sense to refinance — whether you want to get cash out of the equity of your home or just lower your monthly mortgage payment.  In each of the above scenarios, one thing sticks out regardless of which program you’re interested in …

Lender credit allowed to cover closing costs”

Let your lender pick up the tab for you!

Home sales dip, but tight inventories provide price support | Mount Kisco NY Homes for Sale

Sales of existing homes slipped from August to September but were still up strongly from a year ago — a sign that the national housing market is finding solid ground, the National Association of Realtors said today.

At a seasonally adjusted annual rate of 4.75 million, sales of single-family homes, townhomes, condos and co-ops were down 1.7 percent from August to September, but up 11 percent from a year ago.

September sales of existing homes were up 11 percent from last September with a seasonally adjusted annual rate of 4.75 million, which represents a slight dip of 1.7 percent from August’s upwardly revised rate of 4.83 million.

The 2.32 million homes on the market at the end of September represented a 5.9-month supply, down from 8.1 months a year ago. Many analysts view a six-month supply of housing as an even balance between buyer and seller demand.

Thanks to tight inventories, the national median home price was up 11.3 percent to $183,900 from a year ago, the seventh month in a row of annual increases and the longest stretch of annual increases in six years.

“We’re experiencing a genuine recovery,” said Lawrence Yun, NAR’s chief economist, in a statement. “More people are attempting to buy homes than are able to qualify for mortgages, and recent price increases are not deterring buyer interest,” he said.

Low inventory will be a temporary issue, said Jed Kolko, Trulia’s chief economist. “Rising prices will get some homeowners back above water and willing to sell their homes, and tight inventory will encourage builders to keep ramping up new construction, bringing more new homes to market,” he said.

First-time buyers accounted for 32 percent of purchasers in September, up from 31 percent in August.

Foreclosures and short sales sold for 21 percent below market value, on average, and accounted for 24 percent of September’s sales.

All-cash deals accounted for 28 percent of September’s sales — up a percentage point from August and down two from last September.

Existing-home sales, September 2012

Seasonally adjusted annual rate4.75 million
% change from September 201111.0%
% change from August 2012-1.7%
National median price$183,900
% change from September 201111.3%
Unsold inventory (months’ supply)5.9
Share of all-cash buyers28%
Share of investor buyers18%
Share of first-time buyers32%
Share of distressed sales24%

Source: National Association of Realtors

All U.S. regions saw existing-home sales and prices rise in September from a year ago.

As was the case in August, the Midwest led the way in home sales with a 19.6 percent year-over-year increase to an annual rate of 1.1 million sales. The median price in the Midwest also rose in September from a year ago, up 7 percent to $145,200.

The South saw sales jump 14.2 percent from last September to an annual rate of 1.93 million. Median prices jumped, too, to 13.1 percent from last September to $163,600.

Home sales rose 7.3 in the Northeast on an annual basis to a rate of 590,000. Median prices in the region rose 4.1 percent to $238,700.

The West experienced a slight 0.9 percent yearly increase in home sales to 1.13 million, but saw the largest yearly median price jump of any region, 18.4 percent to $246,300, in September.