Tag Archives: Bedford Corners NY Real Estate

Bedford Corners NY Real Estate

Survey of Economists Finds Fears of New Bubble | Bedford Corners NY Real Estate

More than 100 forecasters in a national survey said they expect the home values to reach an average of 5.4 percent year-over-year and that current Federal Reserve policies post some risk of re-inflating the housing bubble.

In the survey of 105 economists, real estate experts and investment and market strategists, panelists said they expected median U.S. home values to rise to $165,280, on average, by the end of 2013. At the end of 2012, the U.S. Zillow Home Value Index stood at $156,800.  The survey was sponsored by Zillow and is conducted quarterly by Pulsenomics LLC.

In the survey conducted in late February and early March, respondents said they expected average home value growth of just 4.6 percent in 2013. Looking forward, respondents predicted average home value appreciation of 4.4 percent in 2014, up from prior expectations of 4.2 percent.

While panelists were more bullish on near-term home value appreciation this year and into 2014, their expectations for nationwide home value growth in 2015, 2016 and 2017 were slightly more pessimistic than in prior surveys. On average, panelists said they expect annual home value growth between 3.5 percent and 3.7 percent from 2015 through 2017, down modestly from previously expressed expectations in the 3.6 percent to 3.8 percent range. Cumulatively, survey respondents predicted home values to rise 22.3 percent, on average, through 2017.

New problem loans drop to lowest level in 6 years | Bedford Corners NY Homes

As the market continues to march towards a recovery, the rate of loans that were at least 60 days late but current six months ago fell in March to its lowest level in six years, according to a report released by Lender Processing Services (LPS).

At 0.84 percent, the rate of “new problem loans” dropped below 1 percent for the first time since May of 2007, edging closer to pre-crisis levels, like those of 2004 and 2005, when rates averaged around 0.55 percent.

The report also found that the number of homeowners who are underwater has dropped dramatically since the depths of the housing crisis. In January of this year, 9 million people had negative equity in their homes, down from a peak of 17 million in January of 2011, LPS said.

On an annual basis, the number of loans with negative equity had plummeted by 41 percent as of January, LPS said.

www.inman.com/wire

REALTOR® Confidence Rose Strongly in March 2013 | Bedford Corners NY Real Estate

Confidence about current market conditions and the outlook for the next six months rose strongly across all property types in March. For the first time, the “REALTORS® Confidence Index – Six Month Outlook” for townhouses breached the level of 50 which delineates “moderate” expectations. The data is based on information gathered in the March REALTORS® Confidence Index (RCI) Survey.

REALTORS® generally mentioned strong buyer demand, improving prices, and fewer days on the market amid tight inventory and restrictive credit conditions.

Examples of improving residential markets are delineated in detail in the RCI Report.

  • Ninety-four percent reported that they expect constant or higher prices in the next 12 months.
  • The median days on market for all sales was 62 days in March compared to 91 days a year ago.
  • Thirty-seven percent of respondents reported time on market at less than 1 month when sold.
  • Distressed sales were at 21 percent of market, down from 29 percent a year ago.

What Does This Mean for REALTORS®?
Some people are still a little shell shocked from the Great Recession, and some articles in the Press continue to question whether there is a recovery. The people who are experts in the housing markets—the REALTORS®–are reporting very favorable news. These experts see a recovery.

 

 

http://economistsoutlook.blogs.realtor.org/2013/04/24

Get This Look: Greenery in the Home | Bedford Corners Homes

Greenery can add a lot to a home, but for many homeowners the idea of incorporating living plants into a space is daunting.

“So many of my clients will say, ‘I kill everything I have!’” said designer Jamie Herzlinger. But what she tells them is that many of the latest trends in greenery don’t require a lot of maintenance.

Despite the size of the planter, these succulents require very little care.

Despite the size of the planter, these succulents require very little care.

“Succulents and air plants just need a little bit of water,” Herzlinger explained. “I think they’re a fantastic idea because it’s a great way to bring nature in, and you don’t have to have a green thumb.”

Succulents, cacti and air plants are not new forms of greenery. Popular across the U.S. in the 1970s and continuously a form of greenery in Southwestern states, these hardy and low-maintenance plants are now a hot way to add nature indoors.

The container matters

Although succulents are primarily shown in glassy, modern planters, Herzlinger says that these plants can be added to any vessel. The shape and structure of the planter will determine the look of the space.

For example, Herzlinger suggests a traditional planter for an elegant look, perhaps sticking a plant in a blue-and-white porcelain Chinese foot bath.

Unusual planters make liven up the table in this entryway.

Unusual planters liven up the table in this entryway.

“If you were to pot that up with living moss, that sitting on a dining room table with gorgeous sterling candlesticks, it is as beautiful as fresh-cut flowers,” she said.

For a more contemporary look, a glass or wooden container can be hung on the wall as living art. Even in the kitchen, small apothecary jars or containers can be the perfect home for an air plant.

Curated, not over-accessorized

As with any accessory, less is more. There is a tendency to want to add more items to a room, but often Herzlinger finds herself taking out the items her clients add.

“Try accessorizing with one large item or groupings of two to three,” she explained.

A small terrarium is a great addition to this traditional living room.

A small terrarium is a great addition to this traditional living room.

The look should be touches of greenery, not jungle.

Other plant options

While some designers rely on faux plants and flowers, Herzlinger believes that with enough low-maintenance plants out there, there’s no need to go with the silk versions.

Her other suggestions for low-maintanence plants? Moss, cacti and fig trees, if your space has high enough ceilings and plenty of light.

Jamie Herzlinger added fresh-cut flowers and greenery to this space.

Jamie Herzlinger added fresh-cut flowers and greenery to this space.

And, in a pinch, fresh flowers can be found at any local grocery store and are the easiest green addition to a room.

 

 

http://www.zillowblog.com

Housing Market Surging says ABC | Bedford Corners Real Estate

And next, the big news tonight out of the housing market. Home prices surging up 9. 3%, the biggest jump in seven years.

So is it time to buy? Abc’s chief business and economics correspondent rebecca jarvis spent the day talking to the experts. Right now it is a very competitive market.

Reporter: Two weeks into the hunt for their first home in san diego, and the robinsons can already see it won’t be easy. In just the few homes that we have looked at, they have sold in a few days. Reporter: Today’s study confirms home prices are up, especially in hot markets like phoenix, las vegas, los angeles, san francisco, atlanta, and dallas.

The problem, a nationwide housing shortage. There there are lots of buyers, 25% more this year than last. But the number of homes for sale is actually down.

Most homes are selling within three to five days. Reporter: Some are taking drastic measures, bidding wars are common. It’s a hot property.

Singer Taylor Swift snags $17 million mansion | Bedford Corners Real Estate

According to Zillow, the white, Cape Cod traditional was previously listed at $24 million back in 2011. Apparently Swift paid in cash, which may have given her the discount on the purchase price. Not that Swift needs to worry about discounts; according to Forbes the 23-year-old is worth $57 million-plus.

See photos of the singer’s new mansion here.

New ad campaign highlights California Realtors’ role in state economy | Bedford Corners Real Estate

The California Association of Realtors announced a new TV, Web, radio and print ad campaign today that highlights the positive impact its 155,000 members have on the state’s economy.

Two 30-second TV spots, featuring the “ripple” effect that the facilitation of home buying and selling has on the economy and families, will air on the ABC network in San Diego, Los Angeles and San Francisco from today through June 16. In addition, on April 17, a spot will air during the network’s hit show “Modern Family” in the three markets.

Good times are back for ranch land brokers | Bedford Corners Real Estate

Author’s note: Early in the year, I traveled to Missoula, Montana, for a winter vacation, but a contact put me in touch with a few people in the real estate industry and much to my surprise I came away with a couple of interesting stories. This column is the first of two.

For a while it seemed that anyone with a lot of money, from Hollywood stars to business moguls, wanted a piece — make that a very large piece of — America, and they came west looking to buy their own ranches. Many, following the lead of flamboyant media entrepreneur, Ted Turner, looked to acquire in Montana.

During the bubble years, investors couldn’t acquire Montana ranches fast enough.

William McDavid, who opened the Missoula office of Hall and Hall in 1996, remembers those years fondly.

“Before the recession, people were standing in line to buy,” McDavid says. “There were bidding wars for multimillion-dollar properties.”

Hall and Hall does a lot of different things as a real estate company, but to this day it is known as the premier brokerage for ranch lands with offices mostly throughout the west.

6 tips for international SEO and marketing | Bedford Corners Realtor

Imagine a wealthy Russian entrepreneur sitting down with her expensive laptop. She is looking to buy a vacation home in Florida. Which search engine does she start with?

If you answered “Google,” “Yahoo” or “Bing,” you’re wrong. In Russia, the number one search engine is not one of the American leaders. It is Yandex, which is as Russian as Stolichnaya Vodka.

Yandex operates in other countries, too. It is so popular that it has more users — not just in Russia, but around the world — than Microsoft’s Bing search engine. That’s embarrassing for the tech giant from Redmond.

The situation in China is similar. A search engine called Baidu dominates web search. There, the word “Google” hardly even registers a flicker of recognition with most web users.

This pattern is repeated in many other countries around the globe. Naver is number one for search in South Korea. Seznam leads in the Czech Republic.

If you intend to market property or services to overseas buyers, you must include foreign search engines in your search engine optimization and marketing (SEO and SEM) plans.

Article continues below

Yes, English is the most-used language on the web. But it only accounts for about 25 per cent of the total. Research shows that multilingual users place more trust in websites in their native tongue.

As one expert in the foreign language Internet, Christian Arno, puts it, “The greatest benefit of foreign language Internet marketing is the opportunity to reach new markets, or to penetrate further into markets that may already be partially catered for with English alone.”

Here are my six best tips for international search engine optimization and marketing:

1. Choose the right search engines. Know which international audiences you are trying to reach. Pick the search engines they use most.

2. Start with search engine marketing because it allows you to see much quicker results and control your budget. It is much better to test your strategy and keywords before you invest resources in rewriting your website’s content in foreign languages.

3. Reconsider your keywords. You cannot succeed by using the same keywords for international marketing as you use domestically.

Even if you are targeting English-speaking buyers, say from the UK, you will need to re-evaluate your keywords and probably select new ones. For example, someone in London is more likely to search for “property” than “real estate.”

When working with foreign-language buyers, your keywords need to be in their mother tongue. Keywords can’t just be translated from one language to another. That’s because they aren’t just words, they are short hand for an entire thought process.

4. Don’t let your foreign language-speaking intern do your SEO and SEM. Search engine optimization and marketing are sophisticated skills. Good practitioners can command salaries of $150,000 per year, or more.

If you let a junior staff member handle your international SEO just because they speak the language of your target buyers, you are inviting disaster. If you don’t have the expertise in-house, rent it from a legitimate expert.

5. Revise your site’s content to make it relevant to your international audience. Andy Atkins-Krüger is one of the world’s most insightful international online marketers. He believes the most common cause of failure is “allowing customers working in other languages to receive second best.” I will get into this in more depth in a later article in this series.

6. Integrate your international marketing into your business. Attracting clicks online is only the first step to converting an international prospect into a buyer with a signed contract. Think long term and make whatever other changes in your business are necessary to nurture these valuable leads.

Follow these steps and the next property you sell just might go to that wealthy Russian entrepreneur from the first paragraph.

Andrew Taylor is co-CEO of Juwai.com, a real estate portal linking Chinese buyers with property in the U.S., Canada and a total of 54 countries.

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Bedford Corners Sales Up 25% | Median Price Down 48% | RobReportBlog

Bedford Corners NY Real Estate ReportRobReportBlog20136 months ending 4/24201210Sales8$754,500.00median sold price$1,462,500.00$315,000.00low sold price$530,000.00$21,500,000.00high sold price$4,800,000.004813average size5385$351.00ave. price per foot$365.00254ave days on market256$2,892,000.00average sold price$1,980,500.0093.83%ave sold to ask95.38%