Engagement, How to Create a Loyal Audience Social Media Examiner.
Engagement, How to Create a Loyal Audience Social Media Examiner | Bedford NY Realtor
Leave a reply
Tag Archives: Bedford NY Horse Properties
Walker Tower PH Sells For $50.9M, Sets Downtown Record | Bedford NY Real Estate
[Inside Penthouse One, photo via NY YIMBY]
As expected, the penthouse of Chelsea’s highly-acclaimed Walker Tower sold for more than $50 million, setting a new record for the most expensive home ever sold in Downtown Manhattan. The Journal reports that the all-cash deal closed for $50.9 million, and, evidently, the unnamed buyer was in the space “less than five minutes” before stating “I’ll take it.” Because $50M spur-of-the-moment decisions are never a bad idea.
The full-floor, nearly 6,000-square-foot unit was listed last September for $55 million, and by the end of October, the Times reported that it entered contract for “slightly less than ask.” Can $4 million be defined as “slightly”? No matter, the sale takes the title away from the penthouse of 18 Gramercy Park, which sold for $42 million to the owner of the Houston Rockets in 2012.
http://ny.curbed.com/archives/2014/01/27/walker_tower_ph_sells_for_509m_sets_downtown_record.php
Global house prices: Castles made of sand | Bedford NY Homes
Hamptons Agents Sum Up 2013 in Real Estate, Part II | Bedford NY Homes
[Everyone loves Sag Harbor, via wikipedia]
Susan Breitenbach, Corcoran What neighborhood saw the most change this year? North Haven/Sag Harbor got waterfront condos for sale and ended up with lots of big waterfront transactions. A few years ago hardly anyone ever heard of it; one new transfer will be coming in over $30 mil (just one house and not extremely large property!).
Sum up 2013 in three words Four: One of best in Hamptons!
Your favorite town this year Montauk.
Biggest building trend in 2013 Outside living: amazing exterior pool houses with nano doors, Kalamazoo kitchens, outdoor fireplaces, firepits, gyms, etc.
Any predictions for 2014? All signs are pointing to one of the best in Hamptons real estate history.
Gary De Persia, Corcoran What neighborhood saw the most change this year? Sag Harbor ended the year with two record setting deals, including a waterfront that went to contract on Robertson Drive not far below its $36M ask and my listing on Main Street priced at $9.95M, also in contract at what will prove to be a benchmark price. These go along with the other robust sales in that area this year.
Sum up 2013 in three words Action never stopped.
Your favorite town this year and why Sag Harbor. The only village in the Hamptons that you actually see people cramming the streets at night before and after dinner. Other towns people tend to go to dinner then get in their cars to go home.
Biggest building trend in 2013 Third floor roof decks capturing amazing views of ocean, bays and surrounding countryside, as in my two Town Line Road listings by Lifton-Green which sold within in months of each other, and my current listing Rose Hill Point on Mecox Bay.
Any predictions for 2014? Based on 2013 year-end deals, a normally quiet period, I predict an exciting start to 2014 for new construction, re-sales and land.
Chris Chapin, Douglas Elliman What neighborhood saw the most change this year? Sagaponack has nearly completed its transformation from rural farm settlement to whatever it is now. But at least they are still growing corn and potatoes among the mansions.
Sum up 2013 in three words Sellers’ market returns.
Your favorite town this year and why Noyac still looks as if could be another place or another time. Even at the height of the summer season you can find quiet places to jump in the water.
Biggest building trend in 2013 Farrellization.
Trend you’d like to see crushed in 2014 Farrellization.
Any predictions for 2014? Hamptons real estate will level out a bit as buyers pick up oceanfront on the Jersey Shore for pennies on the dollar.
5 predictions for housing in 2014 | Bedford Corners NY Homes
The housing market may quite return to normal next year, but it’s getting there.
Dusting off their crystal balls, real estate experts can at least spy the path toward for the sector in 2014. According to real estate listing and research site Trulia, sales and prices of of non-distressed homes are almost back to normal, while foreclosures are ebbing and fewer homeowners are behind on their mortgage payments.
Yet while this march toward a more stable housing market is a welcome one, it’s creating new problems along the way. Expect less highs and lows next year, but not smooth sailing. Here are five trends to look for in the new year:
Mortgage rates will top 5 percent. This is a matter of when, not if, as well as how high interest rates on mortgage loans. As 2013 draws to a close, mortgage rates have increased 1 percent over last year, rising on the back of a strengthening economy. Stronger economic growth will eventually lift the Federal Reserve’s hand out of the mortgage market in 2014, causing it to taper its bond-buying stimulus program. When the Fed merely mentioned tapering the program last June, rates jumped nearly half a percentage point overnight.
Housing market research firm Zillow predicts that interest rates for a 30-year fixed-rate mortgage will surpass 5 percent for the first time since early 2010.
“While this will make homes more expensive to finance – the monthly payment on a $200,000 loan will rise by roughly $160 – it’s important to remember that mortgage rates in the 5 percent range are still very low,” said Erin Lantz, Zillow director of mortgages, in an e-mail.
Mortgages will be easier to secure. Although loan rates are likely to rise, getting a mortgage should be easier next year.
“Rising rates means lenders’ refinance business will dwindle, forcing them to compete for buyers by potentially loosening their lending standards,” Lantz said.
One wild card is a new federal rule kicking in on Jan. 10 that sets mortgage standards. Lenders that don’t follow the rules will face greater legal liability and potential penalties if that loan defaults. It remains to be seen whether that could constrain lending.
Inventory will stabilize. The National Association of Realtors, a Washington trade group, characterized 2013 as the “year of low inventory.” That wasn’t all bad, with low inventory driving most of the explosive price gains in the spring and summer. But the shortage was short-lived, as inventory has since returned to 2012 levels. Cash-carrying investors are also exiting the market.
Trulia chief economist Jed Kolko said that means home buying will look far less frenzied than it was this year.
http://www.cbsnews.com/news/5-predictions-for-housing-in-2014/
Finding the Cheaper Rentals In Five Pricey NYC Neighborhoods | Bedford NY Realtor
Red Flag Warning Is In Effect For Wildfires In Bedford | The Bedford NY Realtor
Declining Prices of U.S. Homebuilder Stocks an Indicator Something Not Right with Housing Market | Bedford NY Homes
The direction of prices in the housing market has historically been dependent on the direction of mortgage interest rates. If mortgage rates start to increase, it makes homes less affordable for those who want to buy. The math is simple: the higher the mortgage interest rate, the higher the mortgage payment is going to be for the home owner and the more difficult it becomes to keep up with payments—something we learned in the housing market crash of 2007.
Mortgage interest rates are rising, and I believe the U.S. housing market will suffer as a result. Of course, interest rates are nowhere close to what they were in the 1980s, but they are up significantly this year from their lows. The 30-year fixed mortgage rate tracked by Freddie Mac stood at 4.19% this past October. In the same period a year ago, the rate was sitting at 3.38%. (Source: Freddie Mac web site, last accessed November 12, 2013.)
The effects of demand for housing given higher interest rates can be seen in the chart below. The number of new homes sold in the U.S. housing market has been declining since the beginning of the year.
Declining Prices of U.S. Homebuilder Stocks an Indicator Something Not Right with Housing Market Chart courtesy of www.StockCharts.com
In early 2013, the annual rate of new homes sold in the U.S. housing market was close to 460,000 units. This number came in at just 421,000 units in August, down eight percent.
The weakness in the housing market can be seen in the statistics being released by new home builders. For example, D.R. Horton, Inc. (NYSE/DHI), a large U.S. homebuilder, said that in the fourth quarter of its fiscal year 2013 (which ended on September 30) the cancellation rate (that’s the rate of home buyers canceling their purchase contracts) stood at 31%. (Source: D.R. Horton, Inc., November 12, 2013.) Last fiscal quarter, the company’s cancellation rate stood at 24%, and in the second fiscal quarter, it was 19%! The number of people walking away from deals at DR Horton is skyrocketing, and if we checked the rates of other homebuilders, I’m sure we’d see the same trend.
Bedford Real Estate weekly report | #RobReportBlog | Bedford NY Homes
| Bedford NY Weekly Real Estate Report | 11/20/2013 | |
| Homes for sale | 78 | |
| Median Ask Price | $1,537,500.00 | |
| Low Price | $415,000.00 | |
| High Price | $14,500,000.00 | |
| Average Size | 4701 | |
| Average Price/foot | $409.00 | |
| Average DOM | 159 | |
| Average Ask Price | $2,013,776.00 | |
Planting the seeds of brand perception | Bedford NY Real Estate
I hear this sentence all the time: “I don’t know what a brand is, but I don’t think I need one.” I decided to take this opportunity to try to define the concept of branding to explain why you need a brand.
In a way, it’s like explaining why we need air. So, please hang in there with me, and let me know if what follows makes sense.
How can you recognize a brand? 
Raise your hand if you recognize the car in the photo to the left. If you didn’t raise your hand, you know that it’s a sporty-looking car. Just looking at the car, for all you know, it could be a hybrid with a top speed of 60 miles an hour. That could be your perception just from looking at the photo.
If you did raise your hand, you know that you’re looking at an Aston Martin. A 2010 DB9 Volante, to be exact. And, now that the rest of you know it’s an Aston Martin, you probably have quite a different perception of the vehicle.
What do you know about Aston Martins? If you’re a car buff at all, you know that James Bond was fond of Aston Martins. So, does that fact make you feel differently about the car than when you thought it might be a hybrid? Indeed. Why?
Because you now perceive the car to be a hot sports car, capable of making beautiful women swoon, achieving high rates of speed, completing very sharp turns, and, in the hands of “Q,” launching rockets. And that perception is reinforced by other things you may know if you are a car buff.
– See more at: http://www.inman.com/next/planting-the-seeds-of-brand-perception-agents-must-be-the-aston-martins-of-real-estate/#sthash.LBy4fAih.dpuf