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Tag Archives: Armonk Homes for Sale
How Many Homes in the Country Are Still Underwater? | Armonk Homes
In addition to low housing inventory, the unprecedented amount of monetary easing from the Federal Reserve has acted like a life preserver to the real estate market. However, many Americans still find themselves underwater or anchored to their current homes.
In the third-quarter of 2013, the national negative equity rate declined at its fastest pace on record to 21 percent of all homeowners
with a mortgage, according to Zillow’s latest Negative Equity Report. In comparison, 23.8 percent of homeowners with a mortgage were underwater in the previous quarter. The peak was made in the first quarter of 2012 at 31.4 percent.
The national negative equity rate has now declined for six consecutive quarters, and fell below 25 percent earlier this year for the first time since Zillow began using its current methodology in 2011. In fact, around 1.4 million American homeowners were freed from negative equity during the third quarter. While this is a significant improvement, many people are still trapped in their homes.
http://wallstcheatsheet.com/stocks/how-many-homes-in-the-country-are-still-underwater.html/?ref=YF
Lot owners: Put up or pay up says new Mayor | Armonk Homes
Doors to single-property investing could be thrown open to all | Armonk Real Estate
Sometimes, when you cover your ears to escape all the chatter about real estate crowdfunding, you may ask yourself, “What is the big deal?”
After all, crowdfunding is not new. Indeed, it’s ancient.
“At the end of the sermon, they’re passing the plate,” crowdfunding expert Sydney Armani said at a recent crowdfunding conference hosted by The Soho Loft, a financial adviser for crowdfunders.
Real estate finance is also no stranger to crowdfunding. For decades, intermediaries have aggregated and funneled money from investors to real estate companies that use the money to purchase or develop property.
But the fact is, the technology-fueled method of pooling money for real estate investments that has come to hog the label of “crowdfunding” iterates on its predecessors in a fashion that could transform real estate finance in a big way, particularly once the Securities and Exchange Commission (SEC) fully implements new regulatory changes.
As a result, the differences between crowdfunding and its ancestral forms may be worth exploring. If you’re interested, they boil down to two words: access and transparency.
– See more at: http://www.inman.com/2013/11/25/real-estate-crowdfunding-why-its-a-big-deal/#sthash.3q46y8J9.dpuf
Nonprofit that flipped homes to investors faces scrutiny | Armonk Homes
Wind Advisory Is In Effect For Armonk Till 6 p.m. | The Armonk Realtor
Modern Desert Oasis in Scottsdale Asks $10K a Month | Armonk Real Estate
Location: Scottsdale, Ariz. Price: $10,000 a month The Skinny: There are two ways to approach winter vacations: embrace the cold and snow with a ski trip or guilt-induced journey home for the holidays, or extend bathing suit season by heading south in search of warmer weather and outdoor activities that don’t involve snow boots or ice fishing saws. For fans of the second approach, this furnished rental in Scottsdale, Ariz., offers easy access to all the outdoor things that don’t require frozen water, starting with swimming in the backyard pool and widening out to hiking in adjacent Tonto National Forest. With city and desert views, telescoping glass walls that open the living area out to the courtyard, and a fire pit, this gated golf community home is the perfect backdrop for pool-side selfies blasted out to shivering, sweater-clad friends and family back home. For those cold Arizona nights, the three-bedroom, four-bathroom Desert Modern also has indoor activities covered with a media room and indoor/outdoor wet bar. The owners are asking $10K a month (which does not include access to the development’s five Jack Nicklaus-branded golf courses) with a six-week window of availability. —Scott Garner
China’s penchant for property evokes US bubble mentality | Armonk NY Homes
Amid the government’s effort to pass aggressive legislation designed to cool the housing market, China’s home prices soared to record heights in October, underscoring the persistent danger of a price bubble, Reuters reports.
China’s booming market is reminiscent of the U.S. bubble, since it is driven in large part the view that property is one of the soundest investments. The government has said it intends to pass legislation aimed at curbing a possible bubble as part of what Reuters called its “boldest set of economic and social reforms in nearly three decades.”
House prices set to soar by 24% as good times return | Armonk Real Estate
House Prices and the One-Armed Policymaker’s Dilemma | Armonk Homes
I just got back from London, where I ran into a senior British official I hadn’t seen in some time. I asked him what was going on. “Another housing bubble,” he said, only half-jokingly. After being depressed for a few years, house prices in the English capital are rising at an annual rate of about ten per cent, and in some trendy areas the rate of increase is much higher than that. In the British media, there is already talk of the Bank of England raising interest rates sometime soon to head off another boom-bust cycle.
At least we don’t have that problem in the United States, I thought to myself. Or do we? At breakfast this morning, my wife informed me that our home, which we purchased a decade ago, in a gentrifying section of Brooklyn, has risen in value by another hundred thousand dollars. Over the past twelve months or so, prices on our once-modest street have jumped by about a third. And it’s not just brownstone Brooklyn. Listening to the radio the other day, I heard that in parts of Hoboken, across the Hudson in New Jersey, prices have jumped by forty per cent in a year.
Of course, the Brooklyn bubble—if that’s what it is—is a very localized phenomenon, and it’s partly a product of demographic shifts: sections of Brooklyn are turning into extensions of Manhattan. The further you go into the borough, though, the fewer signs you see of froth. In Bay Ridge and East New York, prices are rising at an annual rate of about five to ten per cent, according to the real-estate “heat map” on trulia.com. In Bensonhurst, Brighton Beach, and several other outlying neighborhoods, prices are falling. And for the New York metropolitan area as a whole, according to the widely watched S&P/Case-Shiller home-price indices, prices are rising at an annualized rate of less than five per cent.
Still, the fact is that real-estate inflation has returned to many parts of the country. According to the S&P/Case-Shiller index for twenty major cities, home prices rose by about thirteen per cent this year to August, which is a very rapid rate of increase, and one somewhat reminiscent of the bubble years—as the chart below shows. But, as in New York, there is wide variation. In Los Angeles, San Francisco, and Las Vegas, prices are rising at an annual rate of more than twenty per cent. In places like Boston, Charlotte, and Washington, the rate of appreciation is still below ten per cent.