Tag Archives: bedford ny homes for sale

Existing-home sales not reflective of current market | Bedford NY Real Estate

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Existing-home sales flourished in July, with the median price continuing to see double-digit year-over-year increases, according to data from the National Association of Realtors.

Total existing-home sales — which include single-family homes, townhomes, condominiums and co-ops — rose 6.5% in July to a seasonally adjusted annual rate of 5.39 million units, up from a downwardly revised 5.06 million in June. Year-over-year, existing-home sales rose 17.2% from the 4.50 million-unit pace set in July 2012.

The impressive growth in existing-home sales would seem to suggest a continually improving housing market. But David Berson, chief economist at Nationwide, believes it may be premature to assume this report is directly correlated with the current housing market.

Existing-home sales data tends to lag what’s happening in the market to some extent because the data takes into account when a buyer actually closes on the home.

The lag time for existing-home sales is typically 60-90 days, said Berson, meaning the report on July sales is actually more reflective of the housing market between April and June, when mortgage rates were significantly lower than they are today.

 

read more…

 

http://www.housingwire.com/articles/26329-existing-home-sales-not-reflective-of-current-market

Create “Perfect” Posts on Facebook, Twitter, Pinterest and Google+ | Bedford Realtor

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Get more social media fans and create engagement! Follow these 17 guidelines  when you post on social networks.

Create Perfect Posts on Facebook, Twitter, Pinterest and Google+ [Infographic]Is there any such thing as a perfect social media post?  Each social network has a specific set of expectations, limitations — and pros  and cons. And each one is constantly evolving in terms of potential. A  one-size-fits-all strategy just isn’t feasible. This makes it more challenging  for brand marketers whose goals are growing their fanbase and creating  engagement around relevant content. So what’s the best strategy to engage  followers and attract new ones on each site?

 

My recent post, 10  Tips for Better Facebook Status Updates, offered some great ideas for  increasing Facebook engagement through crafting better status updates. The folks  at MyCleverAgency, a  social media consultancy in the U.K., did some research and formulated these 17  guidelines to help you gain the traction you need to jumpstart your social media  engagement.

Best practices for Facebook posts

1. Keep things positive

Being positive breeds engagement and encourages sharing.

2. Provide information

The most appealing updates are ones that offer something, but don’t disclose  everything — this increases the likelihood that fans will click.

3. Provide a link

If you’re going to provide a link, use Bit.ly, TInyURL, or another  link-shortening service so you can track how many people are clicking  through.

4. Include images

Posts with images get the highest amount of engagement on Facebook, so be  sure to include one when you can. The perfect size is 800×600.

 

 

Read more…

 

 

http://www.pamorama.net/2013/08/17/create-perfect-social-media-posts-facebook-twitter-pinterest-google-plus/#ixzz2cnb3JlMX

Tide of New Foreclosures Soaks Judicial States and Floods Florida | Bedford Real Estate

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After months of decline, foreclosure activity increased in July, led by Florida and six other judicial states where legal procedures delay foreclosure processing.

The top six state foreclosure rates in July were in states with a judicial foreclosure process, although two of those top six states posted decreasing foreclosure activity from a year ago: Ohio (down 18 percent) and Illinois (down 44 percent).

RealtyTrac reported default notices, scheduled auctions and bank repossessions on 130,888 U.S. properties in July, an increase of 2 percent from the 78-month low in June but still down 32 percent from July 2012. The report also shows one in every 1,001 U.S. housing units with a foreclosure filing during the month.

Foreclosure starts increased from the previous month in 26 states and were up from a year ago in 15 states, including Maryland (up 275 percent), Oregon (up 137 percent), New Jersey (up 89 percent), Connecticut (up 37 percent), and New York (up 27 percent).

Bank repossessions increased from the previous month in 29 states and were up from a year ago in 18 states, including Arkansas (up 266 percent), Oklahoma (up 126 percent), Maryland (up 101 percent), New York (up 100 percent), Connecticut (up 67 percent), New Jersey (up 40 percent), and Ohio (up 20 percent).

Among the nation’s 20 largest metropolitan statistical areas, 10 posted increasing foreclosure activity from the previous month and five posted increasing foreclosure activity from a year ago: Baltimore (up 182 percent), Miami (up 58 percent), New York (up 42 percent), Philadelphia (up 11 percent), and Washington, D.C. (up 5 percent).

Nine of the nation’s 10 highest metro foreclosure rates in July were in Florida cities, and five of those nine Florida cities posted increasing foreclosure activity from a year ago.  Florida also led the states in foreclosures for the third consecutive month.

 

 

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http://www.realestateeconomywatch.com/2013/08

Bedford Pool Schedule this Week | Bedford NY Real Estate

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We hope you are enjoying the pools! As stated in our spring/summer brochure, from time to time certain pools will close early or open late due to home swim meets.  As a member of the Town of Bedford pools, if your hamlet pool is closed due to a swim meet, you are entitled to use another hamlet pool that is open. Below is the schedule of pool closings/delayed openings for the week of Friday, July 19-Sunday, July 28:

SATURDAY, JULY 20:  KATONAH POOL-HOME MEET *Delayed opening: Will open at approximately 12:30pm. **BEDFORD HILLS & BEDFORD VILLAGE will open at 10:00AM

SUNDAY, JULY 21: KATONAH POOL INVITATIONAL *Delayed opening: Will open at approximately 12:30pm *There will be NO Adult Early Morning Swim at Katonah this day **BEDFORD HILLS & BEDFORD VILLAGE will open at 10:00AM

TUESDAY, JULY 23: BEDFORD HILLS POOL-HOME MEET *Deep End/Dive & Lap Lanes Close at 4:30pm. *Shallow End/Wading Pools Close at 5:00pm **KATONAH & BEDFORD VILLAGE will be OPEN

SATURDAY, JULY 27: BEDFORD HILLS POOL-HOME MEET *Delayed opening: Will open at approximately 12:30pm **KATONAH & BEDFORD VILLAGE will open at 10:00AM

If you need to reach any of the pool facilities:

BEDFORD HILLS – 666-7150
BEDFORD VILLAGE – 234-3246
KATONAH – 232-9349

Thank you,
Bedford Recreation
666-7004
7-19-13
11:00am
Please see attached files for your receipt, report, etc…

Interest rate increases may have silver lining | Bedford NY Real Estate

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Though a recent surge in interest rates may dissuade some consumers from buying homes, the development also could have a silver lining for the real estate market: making mortgages available to more people.

With the recent spike in interest rates, refinances have plummeted. In the last week of May, shortly after Fed officials hinted that the Fed may scale back its stimulus program later this year, refinance applications dropped to their lowest level since November 2011, the Mortgage Bankers Association (MBA) reported.

With the average rate on a 30-year fixed-rate mortgage continuing to push higher, they have trended lower since then.

That’s chipping away at banks’ profits. JPMorgan and Wells Fargo recently reported that their earnings from refinances have dropped significantly in recent months.

To make up for the lost revenue, some experts say, banks may extend credit to a larger swath of borrowers, allowing them to originate more mortgages.

“Because refi activity is down, you have a little more room to do business with people who don’t have an 800 credit score,” said Zillow Senior Economist Svenja Gudell.

– See more at: http://www.inman.com/2013/07/15/interest-rate-increases-may-have-silver-lining/#sthash.CZXfQzkk.dpuf

How homeowner insurance rates have spiked | Bedford NY Real Estate

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Nationwide, an average homeowner paid $909 for homeowner insurance coverage in 2010, up 36 percent from 2003. Inflation rose 19 percent during the same period. Here’s a look at what homeowners in states bordering the Atlantic Ocean or Gulf of Mexico paid, ranked by percentage change since 2003. The totals do not include flood insurance, which is sold separately under a federal program.

1. Florida: $1,544, up 90.6 percent(asterisk).

2. Rhode Island: $1,092, up 62.3 percent.

3. Louisiana: $1,546, up 58.6 percent.

4. Massachusetts: $1,050, up 56.5 percent.

5. Alabama: $1,050, up 54.2 percent.

6. Mississippi: $1,217, up 53.5 percent.

7. South Carolina: $997, up 48.4 percent.

8. New Jersey: $867, up 48.2 percent.

9. Connecticut: $1,052, up 47.3 percent.

10. New Hampshire: $791, up 46.8 percent.

11. Maine: $676, up 46.3 percent.

12. Georgia: $833, up 46.1 percent.

13. New York: $1,044, up 44.8 percent.

14. Delaware: $636, up 43.9 percent.

15. Virginia: $753, up 34.5 percent.

16. Maryland: $784, up 34.3 percent.

17. North Carolina: $757, up 31.4 percent.

18. Texas: $1,560, up 17.5 percent(asterisk).

 

How homeowner insurance rates have spiked – Yahoo! News.

NAR: Pending home sales up 10.3% from last year | Bedford NY Real Estate

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Pending home sales continued to inch higher in April with theNational Association of Realtors’ Pending Home Sales Index rising slightly to an index score of 106, a 0.3% increase fromMarch’s 105.7 score.

In April 2012, the index was hovering at 96.1, 10.3% lower than current figures.

Home contract activity reached its highest level since the index score hit 110.9 in April 2010. For the past 24 months, pending sales have been above year-ago levels.

Lawrence Yun, NAR chief economist, noted the development of a familiar pattern. “The housing market continues to squeak out gains from already very positive conditions. Pending contracts so far this year easily correspond to higher closed home sales in 2013,” Yun said.  

This year, total existing-home sales are predicted to rise just over 7% to about 5 million. 

Yun added, “Because of inventory shortages, higher home sales will push up home values to the highest level in five years.”

The national median existing-home price should rise to nearly 8% and exceed $190,000 in 2013. 

Strong gains in the Northeast and Midwest were largely offset by declines in the West and South. Pending sales in the Northeast increased 11.5% to an index score of 92.3 in April, 17.7% above year-ago levels. Midwest pending sales rose 3.2% to 107.1 in April, up 15.1% from a year earlier.

Conversely, in the South, pending home sales fell 1.1% to an index score of 119.2, but remain 12.3% higher year-over-year.

Finally, with strong inventory constraints, pending sales in the West dropped 7.6% in April to an index score of 94.6, which is 2.6% higher than year ago levels.

 

NAR: Pending home sales up 10.3% from last year | HousingWire.

Elliman Releases LI Report for the First Qtr. | Bedford NY Homes

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  • The number of listings fell 24.8% to 15,303 from the same period a year ago,
  • the lowest first quarter total in a decade.

  • Median sales price fell 2.6% to $341,000 as average sales price increased
  • 4.8% to $435,082 from the same period last year.

  • Contracts signed in the first quarter increased 12.2% to 5,152 from the prior year total, representative of the release of pent-up demand. The number of sales edged
  • 2.9% to 3,905 from the prior year quarter.

  • Days on market, the number of days from the original list date to the contract date,
  • was 2 days faster, falling to 135 days from the prior year period.

  • Listing discount, the percent difference between the original list price and the sales price, declined to 6.7% from 7.8% over the same period.
via trulia.com

Bedford Runner Home Safe | Bedford NY Real Estate

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Robert Laitman of Bedford crossed the marathon finish about 20 minutes before the blasts that killed three and injured 130 exploded in Boston.

But the person he planned to run with finished two minutes before the attacks went off—too close for comfort, but safely across the line, he said.

“My heart goes out to those people. I was high-fiving everyone at the finish line and I am thinking about them,” he said. “I think it’s a horrible, tragic event and I definitely could have been back there. The the timing of attack is terrible, it targeted all charity runners, groups finishing around the four-hour mark.”

Another Katonah runner, Jeffrey Welch, safely crossed the finish line, according to the Lewisboro Ledger. He completed the marathon about 15 minutes before the explosions, his wife, Carroll, told the paper Monday evening.

Click here for a list of local runners who were registered for the marathon. If you participated, were a spectator or have heard from runners, post your comments in the thread below.

Laitman said he was already at work on a project for his charity, Team Daniel—his runner’s group which raises money for mental health research—when he heard about the bombs.

via bedford.patch.com