Tag Archives: Bedford Corners NY

Bedford Corners NY

This Grand, Flowery Remsen Street Brownstone Wants $6.2M | Bedford Corners Homes

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This new-to-market townhouse is pretty Old World, so if you’re into marbleized fireplaces, molding that doesn’t confine itself to the perimeter of the ceiling, flowery stenciled wall decoration, and elegant chandeliers, you’re in luck. The Italianate, 25-foot-wide facade of 37 Remsen Street hides a 7,000-square-foot single-family mansion, with eight bedrooms and 8.5 baths. “This regal residence possesses all the charm of yesteryear with updated mechanicals/systems throughout,” goes the brokerbabble, perhaps in an attempt to justify its asking price: $6,200,000. There’s an outdoor space off the cheery yellow kitchen, as well as a garden. The cellar level comes renovated, too, with eight-foot-high ceilings, a gym, laundry room, and a full bathroom. There’s space for a media room or wine cellar. Those too-chintzy details can always be painted over, right?

 

 

http://ny.curbed.com/archives/2014/01/15/this_grand_flowery_remsen_street_brownstone_wants_62m.php

Home Values in Metro Chicago Real Estate Market | Bedford Corners NY Real Estate

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Regional Spotlight—Home values in the seven-county metro Chicago real estate market extended their upswing in November, according to an analysis by RE/MAX. The median sales price of all attached and detached homes closed in November was $170,000, a 10 percent increase over the median price a year earlier. That compares to a gain of 15 percent in October and 16 percent in the July-September quarter.

The number of homes sold this November dipped 1 percent to 7,551 units from 7,606 units in November 2012. The average time a home sold in November spent on the market before going under contract was 97 days, or 39 days less than a year earlier. The RE/MAX analysis is based on sales data gathered by MRED LLC.

“One likely reason for the reduced sales activity was a marked reduction in the inventory of homes listed for sale. The November inventory in the seven-county area was 19 percent below its level one year earlier,” says Laura Ortoleva, media spokesperson for RE/MAX in northern Illinois.

Sales of distressed properties, which include foreclosures and short sales, accounted for 35 percent of November sales this year compared to 43 percent last year. Foreclosures remained in demand, accounting for 24 percent of all home sales. The average market time for a foreclosure was 78 days, and the median sales price was up 6 percent from a year earlier to $84,000.

The November median sales price increased in all seven metro counties – Cook, DuPage, Kane, Kendall, Lake, McHenry and Will – as well as in Chicago.

Kane County reported gains in both closed sales and median price. The 556 units sold there represented a 6 percent increase in transactions from November 2012, and the median price of $160,250 was 17 percent higher.

Among the six other counties, only Will also registered November increases in both transactions and median price. Sales there totaled 656 units, a 2 percent increase, and the median sales price was $164,400, 4 percent higher than in the prior November.

 

 

http://rismedia.com/2013-12-17/home-values-in-metro-chicago-real-estate-market/

 

Genworth Mortgage Insurance will offer discounts on ‘green’ homes | Bedford Corners Real Estate

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Mortgage insurers have statistical evidence that people who buy homes with energy-saving components present a lower risk of default, and Genworth Mortgage Insurance is determined to reward those homeowners by incorporating that knowledge into its underwriting procedures, syndicated housing columnist Ken Harney reports.

Genworth already offers Canadian buyers a 10 percent “energy-efficient refund” on their premiums, and more leeway on debt-to-income ratio calculations used in underwriting.

On a $300,000 mortgage with a 5 percent down payment, Canadian homeowners can qualify for an $825 refund, and have savings on heating bills factored into debt service ratios. Source: courant.com.

 

 

– See more at: http://www.inman.com/wire/genworth-mortgage-insurance-will-offer-discounts-to-owners-of-green-homes/#sthash.6DOcnD4E.dpuf

Mortgage Delinquencies Dropped Nearly 25 Percent Since Last Year | Bedford Corners Homes

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The rate of borrowers 60 days or more delinquent on their mortgages dropped 23.3% in the past year, ending Q3 2013 at 4.09% from5.33% in Q3 2012of all homeowners with a mortgage according to Transunion, one of the nation’s top three credit bureaus.

All 50 states and the District of Columbia experienced a decline in their mortgage delinquency rates between Q3 2012 and Q3 2013. Five states — California, Arizona, Nevada, Colorado and Utah — experienced 30%+ declines in their mortgage delinquency rate. Three states — California, Florida and Nevada — had double-digit percentage drops in the last quarter. Nationally the mortgage delinquency rate also dropped on a quarterly basis, down 5.3% from 4.32% in Q2 2013, the seventh straight quarterly decline.

The data provided are gathered from TransUnion’s proprietary Industry Insights Report, a quarterly overview summarizing data, trends and perspectives on the U.S. consumer lending industry. The report is based on anonymized credit data from virtually every credit-active consumer in the United States.

“This isn’t a sample data set,” said Tim Martin, group vice president of U.S Housing for TransUnion’s financial services business unit. “We looked at all 52 million installment-based mortgages in the U.S. and the trend is clear — the percentage of borrowers willing and able to make their mortgage payments continues to improve. The overall delinquency rate is still high relative to ‘normal,’ but a 23% year over year improvement is great news for homeowners and their lenders.”

TransUnion recorded 52.31 million mortgage accounts as of Q3 2013, down from 54.23 million in Q3 2012. This variable was as high as 63.14 million in Q3 2008 prior to the housing crisis.

Viewed one quarter in arrears (to ensure all accounts are included in the data), new account originations increased to 2.34 million in Q2 2013, up from 2.09 million in Q2 2012. This is a major increase from just two years ago when there were 1.32 million new account originations in Q2 2010.

“New mortgage originations showed good growth through the second quarter of this year, largely the result of increased refinance transactions driven by low rates and increasing home prices,” said Martin. “However, mortgage rates started to increase right around Memorial Day, and when the data come out next quarter, we expect it to show that new originations are decreasing as a result.”

 

 

 

http://www.realestateeconomywatch.com/2013/11/mortgage-delinquencies-dropped-nearly-25-percent-since-last-year/

4 Reasons to Buy a Home During the Holiday Season | Bedford Corners Real Estate

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If you’re house hunting over the holidays, you’re likely a serious buyer with an immediate need.  Perhaps you have to relocate for a new job opportunity, or there’s been a change in your personal life? Regardless, while you may assume it’s not an ideal time to be looking — namely because there isn’t much to look at — there are some advantages to buying this time of year.

Less competition

Let’s start with the obvious one: less competition. This lowers the chances of multiple offers and bidding wars (something we saw a lot of last spring/summer), and should translate into a bigger discount for you. Know your market! This is where sites like Zillow come in handy. Start your research here for comps in your area and to see what homes are selling for.

Serious home sellers

Why would sellers pick such an inconvenient time — while everyone is busy entertaining family and friends and enjoying the spirit of the holidays  — to list their properties? Probably because they need to sell and may feel compelled to do so before the end of the year for tax purposes. What this means for you: less hassle when it comes to negotiating; a greater willingness, on the part of the seller, to agree to concessions; less chance of the seller waffling; and greater respect for your offer, even if it’s a little lower than the seller was perhaps expecting.

Faster mortgage approval

Lenders aren’t as busy this time of year, and less volume could mean faster approval. Some lenders might even be willing to reduce fees during the off-peak season in hopes of gaining your business. Regardless, don’t just go with the first lender who comes along. It pays to shop around. Get multiple quotes and check out lender reviews on Zillow Mortgage Marketplace.

 

 

 

 

Chris Burdick Leads Bedford Town Supervisor Race | Bedford Corners Real Estate

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Chris Burdick has the lead over Don Scott in the race for Bedford Town Supervisor, leading 55 percent to 45 percent with 88 percent of districts reporting, according to Board of Elections officials.

Burdick, a Democrat, has been on the Town Board since 2008, is the director of the Wetlands Control Commission, an officer on the Bedford Village Lions Club and a strong proponent of Bedford’s new filtration plant.

Scott, a Republican, has served as the president of the Kat-Lewisboro Board of Education, Wetlands commissioner for the Town of Bedford and was the fire commissioner for the Katonah Fire Department.

 

 

http://bedford.dailyvoice.com/politics/chris-burdick-leads-bedford-town-supervisor-race