Tag Archives: Chappaqua Luxury Homes

Housing Indicator Suffers Worst Monthly Decline in History | Chappaqua NYHomes

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The strength of the housing recovery remains questionable depending on who you ask. Home prices have rebounded sharply from their worst levels of the financial crisis, but the Federal Reserve played a major role in the process. The real estate market is expected to return to a more sustainable pace over time, but frigid temperatures and other factors are already weighing on home-builder sentiment.

After finishing 2013 at its best level since August, the National Association of Home Builders/Wells Fargo’s index of builder confidence continues to worsen. The index plunged 10 points in February to 46, compared to 56 in January. More builders viewed market conditions as poor than good for the first time in nine months.

It was the worst monthly decline for the index in survey history, and the first reading below 50 since May. Any reading below 50 indicates that builders in general hold a negative view on sales conditions. In the five years before the Great Recession, the index averaged 54, and hit an all time low of 8 in early 2009.

 

http://wallstcheatsheet.com/politics/economy/this-housing-indicator-suffers-worst-monthly-decline-in-history.html/?ref=YF

 

Wash. state housing prices up 6 percent from year ago | Chappaqua NY Real Estate

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The state’s housing market softened in the fourth quarter of 2013 compared to the quarter before, but remained stronger than a year ago.

That’s according to a new report from the Runstad Center for Real Estate Studies at the University of Washington.

Sales of existing homes declined 8.6 percent from the third to the fourth quarter of 2013. But they were still 9.2 percent higher than the fourth quarter of 2012.

The report says the statewide median home sales price during the fourth quarter was 6 percent above a year ago at $256,300. Price increases were especially strong in the metropolitan Seattle area.

Median home prices ranged from $70,000 in Lincoln County to $421,000 in King County.

 

http://www.komonews.com/news/local/Wash-state-housing-prices-up-from-1-year-ago-245218321.html

Tiny Greenwich Village Triplex Wants $785,000 | Chappaqua NY Real Estate

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If you were looking for a triplex apartment in Greenwich Village for under a million dollars, smart money would say you probably wouldn’t find one. But smart money would be wrong because this weird little three-room triplex on East 12th and Broadway exists. Recently renovated and located in a prewar building, the $785,000 unit features a living room on the lower level, a kitchen in the middle, and bedroom with a tiny balcony half a flight above that. It actually looks kind of nice for the price, although the placement of the kitchen is a little odd.

 

 

 

http://ny.curbed.com/archives/2014/02/03/tiny_greenwich_village_triplex_wants_785000.php

A look at shifting trends in home ownership by occupation | Chappaqua NY Homes

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The housing crisis didn’t hit all professions equally. In fact, construction workers and builders  are the only group who increased their rate of home ownership in the years after the recession, new research shows.

In an analysis of over 70 different professions before and after the recession (2007 to 2009, vs. 2010 to 2012), home ownership among construction workers rose 1 percentage point to 55.4% — the highest growth of any profession — and increased 0.7 percentage points to 65.4% among carpenters during the same period, according to real-estate website Trulia, which mined U.S. Census data for the statistics. Home ownership among electricians remained steady at 75% before and after the recession, the study found.

Construction workers did especially well, given the crash in the property market after 2008, says Susan M. Wachter, professor of real estate and finance at Wharton University of Pennsylvania. “The only sectors that saw growth are groups that have access to bargains and distressed housing and have the expertise to fix them up,” she says. Others are more perplexed by the increase among laborers, especially since they were among the hardest-hit professionals when the housing market crashed in 2008. “It’s certainly ironic,” says Don Frommeyer, president of the National Association of Mortgage Professionals, which represents mortgage brokers. Still, he says, the recovery in the housing market in 2013 should be of some consolation to those who are ready to get back on the property ladder.

 

 

Home prices spiked sharply last year in some neighborhoods | Chappaqua NY Homes

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The median price of single-family homes sold in King County in 2013 hit $415,000, its highest in five years, as the local housing market’s recovery gained steam.

After tumbling to a seven-year low of $340,000 in 2011, the median rose 7 percent in 2012 and grew 14 percent more last year, according to data from the Northwest Multiple Listing Service. The median price means that half of homes sold for more, half for less.

But some areas in King County saw bigger spikes than others, according to a Seattle Times analysis of MLS data.

The Jovita/West Hill neighborhood in Auburn led all King County areas with a 29 percent increase in the median price, to $273,000.

Close behind, with 24 percent appreciation: Seattle’s Sodo/Beacon Hill area, also with a below-average median price of $320,000, and Bellevue’s neighborhoods west of Interstate 405, with the county’s highest median price: $1.3 million.

The smallest increases, from 3 to 6 percent, were in Central Seattle, Newcastle/Issaquah and North Seattle.

Despite the strong annual gains for homes, the median sales price for 2013 in nearly all areas of King County was still below its peak in 2007, when the housing bubble burst. But some places are close to recovering all the ground they lost.

 

http://seattletimes.com/html/businesstechnology/2022731968_homesales2013xml.html