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Bedford Corners NY Homes

Michael Palladino-Designed Mansion on 218 Acres Asks $15.9M | Bedford Corners Real Estate

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Location: Santa Ynez, Calif. Price: $15,900,000 The Skinny: Designed by architect Michael Palladino, a design partner in Richard Meier & Partners Architects, this sprawling modernist mansion occupies a prime hilltop site amid 218 private acres of Santa Barbara wine country. Completed in 2005, the five-bed, five-bath spread is now listed for $15.9M, along with the aforementioned acreage, a separate guest suite, a two-bedroom cottage, a ranch manager’s house, an eight-stall horse barn, and extensive equestrian facilities. Though the current owner’s identity is disguised by a blind trust, the house is said to have been commissioned by Nancy Englander and Harold Williams, both former executives at the J. Paul Getty Trust and he the former chairman of the Securities and Exchange Commission. That the pair picked Meier’s office for their residence shouldn’t come as much of a surprise, considering Williams headed up the team that selected Richard Meier as the architect of the Getty Center.

 

 

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http://curbed.com/archives/2013/08/22/michael-palladinodesigned-mansion-on-218-acres-asks-159m.php

 

 

 

How to Use Tumblr for Your Business | Bedford Corners Realtor

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Are you wondering if Tumblr could help your business?

Are you unfamiliar with Tumblr and wondering how to get started?

Do you want to let a new set of customers share your brand or product on this social platform?

If so, keep reading as I reveal how to use Tumblr for your business.

Why Tumblr?

Tumblr is a blogging and social platform that houses more than 132 million blogs and is among the top 15 websites in the United States.

It’s website explains, “Tumblr lets you effortlessly share anything. Post text, photos, quotes, links, music, and videos from your browser, phone, desktop, email or wherever you happen to be. You can customize everything, from colors to your theme’s HTML.”

According to Quantcast, Tumblr received over 5.5 billion page views in May 2013 alone. With user numbers and popularity on the rise, it’s a perfect marketing tool for businesses that are trying to extend their reach and raise brand awareness.

Tumblr is quickly growing in popularity.

In this article I’ll show you how to get started using Tumblr in your online marketing strategy.

#1: Sign Up

Signing up is easy and can be done in minutes. Enter your email, choose a password and select a username. Try to get an exact match for your brand name or primary website URL. Alternatively, if you’re already established on Twitter, see if your Twitter username is available.

Provide Tumblr with accurate, complete and updated registration information.

Consider using the same avatar image on your Tumblr page that you use on your Facebook Page, Twitter account and other social media channels.

#2: Dress to Impress

First impressions matter. To build a solid brand presence on Tumblr, ensure you make a good impression and select a catchy design for your page.

There’s an abundance of free and paid themes on Tumblr. Choose from one-, two- and three-column or grid-style layouts and find a design that matches your image. Browse the available themes, select one that fits your business and install it in seconds.

Tumblr has a large library of free and premium themes to choose from.

Many themes allow for a considerable amount of customization to give you a unique look that’s perfect for punctuating your brand image. Compared to Facebook, Twitter, Google+ and Pinterest, Tumblr is much more customizable and doesn’t require any serious programming abilities.

 

 

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http://www.socialmediaexaminer.com/tumblr-for-business/

FHA eases rules for some credit-impaired applicants | Bedford Corners Real Estate

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In a move designed to more fairly treat borrowers whose credit reports contain collections actions and disputed debt accounts, the Federal Housing Administration has eased previous rules that would have led to large numbers of application rejections.

The agency also released guidance to lenders instructing them on how to handle “extenuating circumstances” claimed by borrowers who experienced serious economic setbacks triggered by the recession, but who are now employed, paying their bills and seeking FHA financing.

On Friday, FHA issued two mortgagee letters spelling out its new approach to widespread credit issues affecting applicants for its low down payment loans. The guidance on collections and disputed accounts (ML 2013-24) replaces controversial rules the agency first issued in early 2012.

That guidance, which required payoffs of collections or disputed accounts totaling an aggregate $1,000 or more before applicants could go to closing on an FHA loan, triggered intense criticism from lenders and community groups.

FHA subsequently withdrew the rule in June 2012,  promising a future policy that would constitute a “balanced yet flexible approach to promote access to affordable credit while protecting the insurance fund.”

Critics of the rescinded rules pointed out that many consumers have disputed accounts on their credit reports that were not caused by the consumers themselves, or where they had legitimate reasons for not paying the account in full.

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http://www.inman.com/2013/08/19/fha-eases-rules-for-some-credit-impaired-applicants/#sthash.ESpeOodQ.dpuf

Existing Home Sales Crush Expectations, Surge 6.5% | Bedford Corners Homes

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Existing home sales crushed expectations climbing 6.5% in July to an annualized pace of 5.39 million units. This was up 17.2% year-over-year. 

June’s numbers were revised lower to show a 1.6% fall to 5.06 million units.

Meanwhile, total housing inventory was up 5.6% at the end of July to 2.28 million. This represents a 5.1-month supply at the current sales pace. The median time that most homes spend on the market was 42 days in July, this is up from 37 the previous month

The national median price for existing homes was 13.7% higher than a year ago at $213,500. This is the seventeenth straight monthly rise. A key finding was that first time buyers were down from 34% of all purchases a year ago, to 29% this time around.

Distressed homes, which include foreclosures and short sales accounted for 15% of July sales, the same as June.

Economists have been watching for the impact of the run up in mortgage rates on existing and new home sales. The 30-year mortgage rate stands at 4.4% according to Freddie Mac’s primary mortgage market survey (PMMS).

“Mortgage interest rates are at the highest level in two years, pushing some buyers off the sidelines,” said Lawrence Yun chief economist at NAR in a press release.

“The initial rise in interest rates provided strong incentive for closing deals.  However, further rate increases will diminish the pool of eligible buyers.”

Economists at Credit Suisse expect existing home sales to fall to the lowest level in three months and post the first consecutive decline in over two years.

“One percent increases in mortgage rates over a two-month span are rare,” they write. “When they have happened in the past, home sales — both existing and new — usually register a monthly decline in the second month of the two-month back-up (in our case, that’s July).”

But their July monthly survey of real estate agents showed that most buyers don’t expect mortgage rates to go much higher and they’re waiting to see if there’s a pullback in rates that could create a buying opportunity.

“There is still not a lot to choose from for homebuyers, and this tight inventory continues to limit sales gains.  Other headwinds include tight underwriting standards, protracted bank approval processes, and a delayed selling process.”

Existing home sales account for a larger share of the market than new homes.

 

 

Existing Home Sales Crush Expectations, Surge 6.5% – Yahoo! Finance.

Realtor.com Reports Price Increases are Moderating | Bedford Corners Real Estate

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The inventory drought that has driven price increases this spring is ending as new listings restore supplies.  Larger inventories, especially in the hotter markets that experienced rapid price increases in the spring, are providing buyers more choices and moderating price increases.

Realtor.com’s year over year inventory declined 5.24 percent for the second month in a row.  However inventories were up 1.41 percent over June.  National median list prices increased 5.27 percent year-over-year while median age of inventory fell 16.67 percent.

The very hot California markets that were a concern two months ago have cooled.  In fact, inventories have recovered so much in Sacramento and Stockton-Lodi that their supplies of listings for sale on Realtor.com are larger than they were a year ago.  The recovery’s new phase is characterized by smaller price swings, larger inventories that reflect higher home values, a moderate decline in the median age of inventory and a general return to stability.  The balance of the year will see markets consolidate the price gains they achieved during the buying season.

Dramatic national year-over-year inventory declines have evaporated. Nationally inventories in July are only 5.24 percent below the level of a year ago compared to being down 16.47 percent year-over-year in January.

Inventory declines decreased in local markets.  In July 2013, the number of markets with decreases in year-over-year inventory declined from 125 markets in June to 118 markets in July.  This suggests that this fall inventories in some markets may return to levels of a year ago and may continue to slow price increases in some markets.

Markets are still moving fast. All but five markets are continuing to experience year-over-year declines in age of inventory and on a month-over-month basis. On a national level, housing inventory is approximately 17 percent below last year, but the national age of inventory increased 6.25 percent month-over-month.

 

 

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http://www.realestateeconomywatch.com/2013/08/realtorcom-reports-price-increases-are-moderating/

 

Mortgage rates hold steady | Bedford Corners Real Estate

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Mortgage rates remained largely unchanged from last week after bouncing around from July to August on market uncertainty as to whether the Federal Reserve will taper its bond-buying program.

Mortgage rates for the week ending Aug. 14, changed very little from the previous week, according to Freddie Mac’s Primary Mortgage Market Survey.

The 30-year, fixed-rate mortgage came in at 4.40%, unchanged from last week, and up from 3.62% last year.

In addition, the 15-year, FRM averaged 3.44%, up from 3.43% last week and also up from 2.88% a year earlier.

The 5-year, Treasury-indexed hybrid adjustable-rate mortgage came in at 3.23%, a slight jump from 3.19% last week and a substantial increase from 2.76% last year.

The one-year Treasury-indexed ARM reached 2.67%, up from 2.62% a week earlier and not far from the 2.69% rate reported a year earlier.

“Fixed mortgage rates have been bouncing around over the past few weeks on market speculation that the Fed will taper some of its monetary stimulus,” said Freddie Mac vice president and chief economist Frank Nothaft. “In fact, 65 percent of economists surveyed by Bloomberg expect the Fed to reduce the amount of bond purchases at its September 17th and 18th monetary policy committee meetings.”

He added, “Currently, mortgage rates on 30-year fixed mortgages are 1.1 percentage points above their all-time low set on November 21, 2012, which translates into $125 more per month in mortgage payments on a $200,000 loan.”

Bankrate also noted that fixed mortgage rates were little changed.

In its weekly national survey, Bankrate reported that the 30-year, FRM rose to 4.57%, while the 15-year, FRM declined to 3.61%. In addition, the 5/1 ARM increased to 3.61%.

 

 

Mortgage rates hold steady | 2013-08-15 | HousingWire.

How to Use LinkedIn Sponsored Updates | Bedford Corners Realtor

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Are you wondering how to use LinkedIn Sponsored Updates?

Does your business have a LinkedIn company page?

Do you want to grow your following outside of your company page?

In this article I’ll show you 6 steps for creating and measuring the impact of your first LinkedIn Sponsored Update.

Why Sponsored Updates?

If you’re one of the 3 million companies that have a LinkedIn company page, you’ll know that you can post updates directly from your company rather than as an individual. And you can like and comment as your company as well.

And now, just like Promoted Posts and Sponsored Stories on other social sites, LinkedIn has launched its own Sponsored Updates function, which runs on the same principle.

If you’re a B2B marketer, Sponsored Updates allow you to promote your message to others outside your company page following. At the same time, you can target who sees that message, so your marketing efforts can be focused on the right people.

Here’s how to use Sponsored Updates:

#1: Create Your Post

Post your update to your company page as normal. You’ll need to wait a few minutes and then refresh your page until you see the Sponsor Update button.

 

 

read a lot more…

http://www.socialmediaexaminer.com/linkedin-sponsored-updates/

 

Optimize your real estate brand with Instagram video | Bedford Corners Real Estate

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As a real estate agent, what could you do with 15 seconds? With the latest update, Instagram 4.1 is opening some creative doors for its users by allowing video uploads directly from your library. Here are some great examples:

Coldwell Banker I love this from Coldwell Banker. A combination of a live video introduction and still shots from a home featured in Payson, Ariz., make this 15 seconds enjoyable and definitely recognizable as the CB brand.

Anne Jones I admire what Anne is able to capture with Instagram and now that video keeps getting better, I can’t wait to see more from the Tacoma area!

– See more at: http://www.inman.com/next/optimize-your-real-estate-brand-with-instagram-video/#sthash.wiMd5fxN.dpuf

Housing recovery continues to heat up | Bedford Corners Real Estate

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Despite all odds against the housing recovery, the market is steadily improving and housing experts do not expect the sector to lose its momentum any time soon.

Regardless of an inadequately housing supply, rising home prices reacting to strong demand and difficult lending environment, market expectations remain bullish on housing.

Nonetheless, housing is in its early stages of recovery and panelists at the Bipartisan Policy Center’s conference believe it’s not time for the Federal Reserve to take their foot off the bond-buying gas pedal just yet.

“There is a cyclical and structural nature to the problem,” explained Paul Weech of Housing Partnership Network.

He added, “We haven’t solved for the underlying structural problem and if we revert back to the norm, we still have millions of homes trying to get back in the full market recovery.”

One of the major factors still impacting the housing market is underwriting standards.

Fannie Mae senior vice president and chief economist Doug Duncan pointed out that there is a high correlation between the business cycle and the credit cycle, which will ultimately lead to an established fixed floor of the credit box.

“If in the regulatory process we can establish a fixed floor then we’ll change fundamentally the level of housing,” Duncan explained.

Looking to the future state of housing, experts agreed that immigration will play a significant role in the housing recovery.

Data taken from 2012 and estimated through 2050 shows that the economy will have 15 million less workers if the immigration rate continues, meaning less people in the housing market and less people paying into their entitlements, Duncan noted.

Another group of Americans that will affect the future of housing is the baby boomer generation, which is the fastest growing age group.

Many have a desire to remain in a home, but want to be mobile. As a result, homebuilders are trying to find new ways to accommodate these needs as well as attract first-time homebuyers to market.

Conine Residential Group president Kent Conine explained that homebuilders are introducing new innovations and productions into the marketplace.

For instance, Conine is in the process of developing a system in which seniors sell their current homes and downgrade to plain vanilla property, which will allow them to travel, while still maintaining a home.

 

read more…

http://www.housingwire.com/articles/26155-housing-recovery-continues-to-heat-up

 

Bedford Corners Weekly Real Estate Report | RobReportBlog

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Bedford   Corners NY Weekly Real Estate Report8/13/2013
Homes for sale47
Median Ask Price$1,525,000.00
Low Price$525,000.00
High Price$12,000,000.00
Average Size5036
Average Price/foot$471.00
Average DOM141
Average Ask Price$2,605,957.00