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Katonah NY Real Estate Weekly Report | Katonah NY Homes for Sale
| Katonah NY Weekly Real Estate Report | 2/21/2014 | |
| Homes for sale | 39 | |
| Median Ask Price | $995,000.00 | |
| Low Price | $359,000.00 | |
| High Price | $8,250,000.00 | |
| Average Size | 3770 | |
| Average Price/foot | $370.00 | |
| Average DOM | 141 | |
| Average Ask Price | $1,580,074.00 | |
Stop losing buyers because of horrible listing photos | Katonah NY Real Estate
Since cameras have been getting better and better over the past years, why are the photos most real estate agents take not getting any better? Most agents take photos of rooms without a thought as to what it will look like in print or online. The photos in the MLS can be very poor, and some agents don’t even put in photos at all.
Below is a list of the 10 mistakes I see most often in our MLS.
1. Photographs that still have the date stamps on them. Not only does it look bad, but most often the date is more than a few months old!
2. Crooked photos of the inside or outside of the home. Most everyone has a photo editor that will automatically straighten your photo. Use it.
3. Blurry or out-of-focus photos. You should always take several shots of each room so that if some are blurry, you have others to use.
– See more at: http://www.inman.com/next/top-10-photographic-crimes-real-estate-agents-commit/?utm_source=20140220&utm_medium=email&utm_campaign=dailyheadlinesam#sthash.huReBwmN.dpuf
London House-Price Surge Drives U.K. Values in Spring Bounce | Katonah NY Real Estate
London house prices surged this month, helping national values post their best annual increase since before the financial crisis, Rightmove Plc said.
Asking prices in the U.K. capital jumped 5.2 percent to an average 541,313 pounds ($905,500) from January, the operator of Britain’s biggest property website said in a report today. On the year, they rose 11.2 percent. Nationally, values rose 3.3 percent from the previous month and 6.9 percent on the year, the best annual performance since November 2007.
“This month’s large rise is exacerbated by being a rebound from the festive-season lull,” said Miles Shipside, a director at Rightmove. “The spring moving season is traditionally the busiest time of the year, so that means agents are likely to advise new sellers to aim high, with the best-selling months ahead of them and strong buyer demand in many areas.”
7 must-knows before you pay for online real estate leads | Katonah NY Homes
Passive Solar Design: Creating Sun-Inspired Homes | Katonah NY Homes
Mortgage Rates Slide Again, Putting Pressure on Buyers | Katonah NY Homes
Mortgage rates are falling fast again, and would-be buyers have to start thinking: Can I afford to wait six months to buy a home with interest rates this low?
And low they are, as evidenced by a slew of mortgage rate data out early this week.
First up is the BankingMyWay Weekly Mortgage Rate tracker, which shows 30-year fixed mortgage rates sliding from 4.40% last week to 4.21% this week.
One-, three- and five-year adjustable-rate mortgages are also in full retreat this week, with the benchmark three-year ARM rate falling from 3.46% to 2.85%.
The BMW rate tracker also shows 15-year fixed-rate mortgages falling, from 3.58% to 3.43%.
Freddie Mac is out with new mortgage rates as well, and they pretty much mirror the BMW figures. Freddie Mac has current 30-year fixed mortgage rates at 4.23% and 15-year fixed loan rates at 3.33%.
While rates are well above where they were last year at this time (at 3.53% for the 30-year rate), mortgage interest costs have dropped significantly in recent weeks.
“Mortgage rates fell further this week following the release of weaker housing data,” says Frank Nothaft, vice president and chief economist, at Freddie Mac.
He notes the U.S. pending home sales index declined by 8.7% in December, to its lowest level since October 2011. “Fixed residential investment negatively contributed to GDP in the fourth quarter for the first time since the third quarter of 2010,” he says. “Also, the Institute for Supply Management reported a significant slowing in growth in the manufacturing industry in December than the market consensus forecast.”
Incredible Home Catwalks Make for Purr-fectly Happy Felines | Katonah NY Homes
Canada housing agency sees stable starts, prices in 2014 | Katonah NY Real Estate
Canada’s federal housing agency nudged up its forecast for housing starts and prices in 2014 and said sales and construction will be steady to higher in 2015 as an improving economy tempers the impact of rising mortgage rates.
The view from the Canada Mortgage and Housing Corp suggests the nation’s once-roaring housing market is settling into a soft landing, with construction moderating to more sustainable levels and sales and prices ticking slowly higher.
The CMHC said on Thursday housing starts will be in a range of 176,600 and 199,800 in 2014, with a point forecast, or most likely outcome, of 187,300 units, relatively unchanged from 187,923 units in 2013. That is up slightly from CMHC’s October estimate of 184,700 starts.
The agency said there will be 163,200 to 206,600 units started in 2015, with a point forecast of 184,900.
Both forecasts represent a sharp slowdown from the 214,827 starts of 2012, when the market was at record highs and the government intervened to tighten mortgage lending rules.
http://www.reuters.com/article/2014/02/06/canada-economy-housing-idUSL2N0LB0V520140206
Can home prices record 23 months of increases? | Katonah NY Real Estate
Home prices maintained their course and increased 11% in December 2013 compared to a year ago, recording the 22nd consecutive monthly year-over-year increase in home prices nationally, according to the latest December CoreLogic Home Price Index.
Month-over-month, home prices, including distressed sales, dipped by .1% in December compared to November.
Home prices, excluding distressed sales, jumped by 9.9% in December compared to a year prior and .2% month-over-month compared to November.
“Last year, home prices rose 11%, the highest rate of annual increase since 2005, and ten states and the District of Columbia reached new all-time price peaks,” said Mark Fleming, chief economist for CoreLogic.
“We expect the rising prices to attract more sellers, unlocking this pent-up supply, which will have a moderating effect on prices in 2014,” Fleming added.
Looking ahead, the HPI forecasts that January homes prices, including distressed sales, will increase 10.2% year-over-year from January 2013. But on a month-over-month basis, home prices are projected to dip .8% from December 2013 to January 2014.
http://www.housingwire.com/articles/28839-can-home-prices-record-23-months-of-increases