Tag Archives: Armonk Luxury Homes

Armonk Luxury Homes

How debt affects your credit score | Armonk NY Homes

Leave a reply

 

The amount of debt you carry makes up for 30% of your credit rating. Therefore, let’s take a look at how debt affects your credit score.

Factor

The main aspect of debt that affects your credit rating is the balance you carry on your lines of credit. Credit score calculators examine your credit utilization by studying the relation between your credit card balance and your credit threshold. Though installment loans play a part in the amount of debt you have, credit score calculators focus more on your credit card usage.

If you have a high balance on your credit card(s), your score will suffer. On that note, having a maxed out credit card will severely hurt your credit rating.

Tips:

Make small purchases

It is ok to have a credit card with a high credit limit. However, do not look at the limit as a way to spend more money. At the end of the day, you still owe that money back to the creditor, and you will owe it back with interest. Therefore, only make small purchases that you can pay off at the end of each billing cycle.

Do not close unused credit cards

Allow your unused credit cards to stay open. This will help your credit utilization rating and debt to credit ratio.

Do not open a bunch of new credit cards

Be content with the amount of credit cards you have. If you feel the need for a new credit card, try not to have any more than three at a time. If you desire more credit, simply ask for a credit increase on the credit card you have owned the longest

 

 

http://www.examiner.com/article/how-debt-affects-your-credit-score?cid=taboola_inbound

US homebuilder confidence sinks in February | Armonk NY Homes

Leave a reply

 

U.S. homebuilders’ confidence in the housing market declined sharply this month as the severe weather battering much of the nation keeps many would-be buyers at home.

Storms and cold weather dampened builders’ outlook for sales ahead of the spring home-selling season and could further slow the pace of home construction.

The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday slid to 46. That’s down from January’s reading of 56 and is the lowest level since May.

Readings below 50 indicate that more builders view sales conditions as poor rather than good.

Builders’ view of current sales conditions for single-family homes, their outlook for sales over the next six months and traffic by prospective buyers have all declined since January.

The overall index had been above 50 since June, reflecting a strengthening housing market. The latest reading complicates the outlook for sales just as the annual spring buying season ramps up. Typically, the spring season sets the pattern for residential hiring and construction in the ensuing months.

Sales of new homes jumped 16.4 percent last year to 428,000, the highest level in five years. Sales typically slow in November and December. But this winter’s onslaught of snowfall and freezing temperatures has exacerbated the seasonal slowdown. Economists predict that sales of new homes fell for the third month in a row in January.

 

http://finance.yahoo.com/news/us-homebuilder-confidence-sinks-february-150048616–finance.html

IMF: Sudden drop in housing prices could cause recession | Armonk NY Homes

Leave a reply

 

If housing prices fall too quickly, it could trigger a recession in Israel, the International Monetary Fund wrote in its annual consultation, released Wednesday.

Home prices are about 25% higher than their long-term fundamental value, the report said, noting that levels of income and rent do not justify the prices. That level is in and of itself worrisome, but its effects the real economy will depend on how quickly the prices come down.

“A slow correction would allow the economy to escape a recessionary episode, but economic prospects would be weak for a prolonged period of time. By contrast, a rapid adjustment would lead the economy into recession, with consumption and output recovering two years after the shock,” the report said. A third scenario, in which prices slowly adjust to their equilibrium value, would leave the economy relatively unscathed.

According to the report, there is a 20% probability of a housing “bust,” in which real estate loses over a tenth of its value, happening in the next five years. If prices were to fall 6.5% in one year, consumption growth would fall 3% in the long run.

That may come as a surprise to both Finance Minister Yair Lapid and Housing Minister Uri Ariel. When The Jerusalem Post asked Lapid about the danger of a rapid drop in house prices in September, he responded, “When somebody lives within his house and the price is lower, it doesn’t affect his life in any way. I’m more concerned about not succeeding to lower the price.”

 

http://www.jpost.com/Business/Business-Features/IMF-Sudden-drop-in-housing-prices-could-cause-recession-341226

 

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

Leave a reply

 

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

 

 

13 Oddball Examples of Reclaimed Soviet Architecture | Armonk NY Real Estate

Leave a reply

 

14 images

Since the fall of the U.S.S.R. in 1991, Russian and former Soviet satellite governments and city planners have been muddling through ways to redefine and reclaim architecture left in the wake of a world power’s dissolution. It’s a question of how to assess and celebrate Soviet buildings, which have gross cultural weight as harbingers of the Space Age and Brutalist aesthetics, while making room for modern needs; sensitively memorializing the past with plenty of airspace for the future. The ways Soviet structures have been rehashed and reconfigured seem innumerable, if incredibly fascinating to unpack. Below, 10 ways governments, artists, and planners have used the spaces:

 

 

http://curbed.com/archives/2014/01/28/13-oddball-examples-of-reclaimed-soviet-architecture.php