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Newsmakers May 12: Houston’s hot real estate market | | Bedford NY Real Estate

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The hot Houston real estate market is not likely cooling any time soon!
The Houston real estate market has been smoking hot for months. Experts said they expect the torrid pace will continue and several of those experts are guests on this week’s Houston Newsmakers with Khambrel Marshall.
Joining Khambrel this week was Danny Frank, the president of the Houston Association of Realtors, who said he expects the latest data will show that homes sales will show an increase of “upwards of 20 percent higher than it was [at] this time last year.”Quick Clicks
Will Holder, the president of Trendmaker Homes and the Immediate Past President of the Greater Houston Builders Association, said from what he’s seeing, there’s no slow down in sight.John Guess is the president of the Guess Group Incorporated, a real estate services company that specializes in commercial real estate. He said he “started seeing a change in the commercial market in the last quarter of 2011,” which led to 2012 being one his biggest years ever and 2013 is starting out the same way.
”We’ve got a bunch of pent up demand that has not been satisfied in the last two or three years so frankly I don’t think it can stop,” he said.
Even with the hot market expected to continue, there are ways you can navigate to a position where you can buy the home of your dreams, according to Steve Kyles, the Senior Loan Officer for Legacy Mutual Mortgage. He said one key is to make sure your realtor and lender are working together and then has three nuggets of advice.

 

 

Newsmakers May 12: Houston’s hot real estate market | | Bedford NY Real Estate | Robert Paul Talks Life in Bedford NY.

Market Overheats in Scarsdale | Real Estate

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The experts concur – it’s a banner year for home sales in Scarsdale. We checked in with three local agencies for their observations on the Spring market and here is what they had to say:

Zach Harrison:
Platinum Drive:

“This is the strongest real estate market I have seen in Westchester since 2006. Bidding wars have been commonplace, driven by low interest rates and a lack of inventory.”

Linda Roth
Coldwell Banker: 

This spring is an exceptional time to sell real estate in Scarsdale/Edgemont and surrounding communities. In addition the national real estate market is also showing strong growth. The combination of lack of inventory, an improving economy and historically low interest rates has brought out large numbers of purchasers, which in turn bring multiple offers, many over the asking price and with excellent terms. As always, lower Westchester with its convenient location leads the market.

Lewis Arlt
Houlihan Lawrence: 

Looking out the rear view mirror at sold properties in Scarsdale, we see an up-tick of 9.3% year-to-date (from 43 last year at this date, to 47 this year). And an increase of 11.7% year over year from May 6, 2012 (206 sold) to May 6, 2013 (230 sold). The median sale price stands at $1.246M year to date, compared to $1.285 last year at this time. (a 3% drop, statistically not very significant). The good news is prices remain relatively stable and sales are moving forward at a healthy pace.

Peering out the windshield at pending business, we can see a very healthy ratio of active listings to pending deals. The 112 currently active listings (a 19% decrease compared to 2012 at this time) is well balanced by 82 deals in contract, compared to 76 last year – nearly 8% more. Decreased inventory across the region has fueled higher prices as more buyers compete for fewer homes. This phenomenon has led to some highly competitive bidding and sale prices exceeding expectations, most evidenced in the $700,000-1,500,000 price range. Rates are low, consumer confidence is strong, and we are currently on pace to record more sales this year in the village than in a decade.

 

 

Scarsdale, NY 10583 | Market Overheats in Scarsdale | Real Estate | Your Community Corner.

MY MARKETING PLAN IS BETTER THAN YOURS | Bedford Realtor

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Is it?

Do you feel you offer a better marketing strategy than the next Realtor?  

You do?  Good!  

Now, can people easily see that on your site? Uh-oh, this is where most agents are getting tripped up.

While perusing a fantastic Google+ community page called Photography for Real Estate, I stumbled upon an excellent video pitting “other” Realtor’s images compared to what the Connie Barnes’ team is producing.  Rather than just telling you how genius I think this video is, please watch it.

After watching this and being floored, not only by the presentation of the video, but the content contained therein, I knew I had to interview Connie and her team.  It’s not just about the plethora of comparison videos she has, but also her marketing centric posts like this one on the iPhone and this one explaining their team’s marketing plan.  They are front and center, fully transparent, and showing the world why they are the best in their local area.    Check out her numbers below.

Connie Barnes Business

 

Also, after visiting her site www.conniebarnes.com, look at her website traffic and you will quickly see how having such compelling marketing can lead to $48 million in sales.

Remember, your website isn’t here there to draw people in from the web, it’s also there to provide reassurance to clients you have already met and continue to tell your story long after you left their house.

Website Traffic

I wanted to dive deeper into Connie’s marketing plan, motivation behind her site structure, and how she started off on her path of marketing transparency.

After watching the interview,  if you have any questions for Connie or her team, please post them to theirGoogle+ page!

I know this interview is quite long, but worth all 15 minutes. Enjoy!

 

 

http://techsavvyagent.com

 

Mortgage market of the past may hold some clues for the future | Bedford NY Real Estate

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James Hagerty of the Wall Street Journal hosted a session on the future of America’s mortgage market this week at the MBA Secondary Conference in New York.

The title of the session and the majority of the discussion assumes in some way that the mortgage market needs to be different than it is today. This leads me to wonder: Does the mortgage market need to be fixed and if so what still needs to be fixed?

We are all well aware of the extent to which GSEs and FHA currently provide liquidity to the U.S. mortgage market. I suspect consensus on this development is that it is far from ideal. Private, not public, capital should be supporting the mortgage market at least more than it does today.

But how much more?

Think back to before the mortgage crisis: Public capital played a very significant role, and had historically done so in the U.S. mortgage market.

The GSEs also brought something else to the market: standardization.

Is this a role that the private sector is qualified or prepared to play going forward?

Is the goal to achieve a level of private capital that is higher than before the crisis?  One highly oversimplified argument against this is that the private-label RMBS market was a a major contributor to the financial crisis.

Yes, regulators have put in place new rules to reign in many of the bad practices of the past, but a new privately built market structured would be untried.

What if rather than creating a whole new market structure, as some have proposed, what if we went back to the way it was before with a few important improvements?

The first improvement would be to develop private-label RMBS standards. Just as the GSEs issue standardized MBS, there could be a standard template for private label RMBS.

For example, there would be standards for the types of loans in the security, the type and amount of due diligence performed on the loans, and for the contract terms.

This is part of what was missing in the private-label RMBS market of old. Second, go back to the conforming loan limits of old which will reduce the market share of the GSEs.

Moving forward loan limits can be used to adjust the share of public versus private capital in the mortgage market over time.

 

 

http://www.housingwire.com/rewired

West Nile Virus Prevention Begins For Bedford Residents

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WESTCHESTER COUNTY, N.Y. – Residents in Chappaqua, Bedford, Mount Kisco and Armonk should eliminate standing water from around their properties, especially after it rains to help prevent mosquitoes from breeding, in an effort to eliminate breeding sites for mosquitoes that can carry West Nile Virus, Westchester County Department of Health said.

The county will start its West Nile Virus prevention efforts on Monday, May 13, by checking catch basins throughout the county for standing water and applying larvicide as needed.

Large areas of standing water on public property that cannot easily be removed should be reported to the Health Department by calling (914) 813-5000.

Health department larviciding teams will begin in the northern part of the county and work their way south, evaluating and treating as needed all catch basins on county and municipal roads throughout the county over the next few months.

“Through the combined efforts of residents and county government, we can successfully curb the mosquito population and keep cases of West Nile Virus to a minimum,” said Sherlita Amler, MD, commissioner of health.

 

 

http://bedford.dailyvoice.com/news

Bedford Village Sales Down 4% | Median Price Drops 14% | RobReportBlog

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Bedford Village NY Real Estate ReportRobReportBlog
20136 months ending 4/252012
24Sales25
$1,042,500.00median sold price$1,225,000.00
$370,000.00low sold price$384,800.00
$3,500,000.00high sold price$4,750,000.00
3705average size4625
$387.00ave. price per foot$309.00
171ave days on market246
$1,257,239.00average sold price$1,515,589.00
93.03%ave sold to ask92.54%
via trulia.com

Oklahoma Governor Signs New Law Allowing Horse Slaughter | Bedford NY Real Estate

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Horse slaughter will soon be a reality in the state of Oklahoma. On Friday, Governor Mary Fallin signed a new law that will allow the animals to be slaughtered, processed and exported all from within the state. The bill, however, prohibits horse meat from being sold in the USA.

According to Huffington Post, the new law hopes to address the large number of starving and abandoned horses within the state as well as the fact that horses set for slaughter are being shipped to Mexico where horse slaughter is legal.

Governor Fallin said about the controversial law, ”In Oklahoma, as in other states, abuse is tragically common among horses that are reaching the end of their natural lives. Those of us who care about the wellbeing of horses – and we all should – cannot be satisfied with a status quo that encourages abuse and neglect, or that rewards the potentially inhumane slaughter of animals in foreign countries.”

Animal activists have been fighting the new law, sadly without success. Cynthia Armstrong, the Oklahoma state director for the Humane Society of the United States, said in response, “It’s a very sad day for Oklahoma and the welfare of the horses that will be exposed to a facility like this. It’s very regrettable.”

It appears that instead of creating programs to help the abandoned horses in the state of Oklahoma, they are seeking to create a money making industry to profit from the sad fate of these horses. The bill received bipartisan support and easily passed in both the State House and the Senate.

Photo Credit: Shutterstock

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About Ali Berman

Ali Berman is a writer, teacher and activist. She works as a humane educator for HEART teaching kids about issues affecting people, animals and the environment. Ali is also a fiction writer. Her published work can be found on her website at aliberman.com. In early 2012 Ali co-founded flipmeover, a production company with the mission to use media to raise awareness of social issues.

View all posts by Ali Berman →

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