Tag Archives: Pound Ridge NY Real Estate
Bernanke: Fed worries about tight lending standards | Pound Ridge Real Estate
The Federal Reserve worries the tightening of mortgage credit has gone too far and is now working on policies to ease lending fears, Fed Chairman Ben Bernanke said Wednesday.
After the Federal Open Market Committee verified its continued commitment to acquiring mortgage-backed securities and Treasuries at the same pace, Bernanke told reporters the Fed is seeing “much higher credit-quality requirements” from potential borrowers.
Yet, he worries any concerns over “put-backs that banks may have — and uncertainties about regulation — have tightened the mortgage credit box more than desirable.”
Still, the Fed Chair said one of the key tools in combating tight lending is the lowering of mortgage rates by keeping the Fed’s federal funds rate near zero.
“I would say one thing is that as the housing industry has strengthened and home prices have gone up, that has brought some people into the credit box,” Bernanke said.
As people build more equity or pull themselves above water, they become more creditworthy and increase their options, Bernanke suggested.
China Home Prices Up in Most Cities, Posing Policy Challenge | Pound Ridge Realtor
Home Improvements After the Home Purchase | Pound Ridge NY Real Estate
Homes.com offers online reputation ‘playbook’ | Pound Ridge Homes
A new white paper from Homes.com takes a look at best practices for using online directories, review sites and social media platforms to manage a brand’s “online reputation” and keep tabs on competitors.
“Maximizing Your Online Reputation: A Playbook for Engaging Consumers and Winning their Business” is also a plug for Homes.com’s social media marketing service, Social Impact, which is offered at a 30 percent discount.
Before diving into best practices, the 23-page report calls attention to the importance of maintaining a polished image on directory, review and social media websites.
Citing marketing software developer HubSpot Inc., the white paper said 72 percent of consumers trust online reviews as much as personal recommendations. Information technology research and advisory firm Gartner Inc. has found 74 percent of consumers rely on social networks to make purchasing decisions, the paper said.
Given that so many consumers use online chatter to learn about brands, those that cultivate an attractive online image may reap significant rewards, the Homes.com report said. The white paper pointed to a Media Post News report that said that brands with the highest “social media activity” boosted revenue by as much as 18 percent.
Developing the infrastructure for building an attractive online reputation, first and foremost, means creating an online footprint that spans the most popular directories, review sites and social media platforms, the report said. Those include Yelp, Twitter, Facebook, Instagram and business directories on major search engines, it said.
30-Year Fixed Mortgage Rates Surge to 9-Month High | Pound Ridge Homes
Agents More Bullish on Prices than Sales | Pound Ridge Real Estate
Real estate professionals are more optimistic that prices will increase this year than they were last year, but they’re less enthusiastic about the outlook for sales increases in 2013 than they were in 2012.
For 2013, 84 percent of surveyed real estate professionals believe that real estate values and the number of transactions will increase this year over 2012. Whereas in 2012, one-third of real estate markets were forecasted to see valuation declines, no single market is expected to see a decline in valuations or transactions in 2013, according to a survey of more than 2,400 real estate professionals, all members of ActiveRain, the real estate industry’s largest social media network.
Some 28 percent more participants in the survey this year than last year expect values to improve and 21 percent more expect housing starts to increase. However, only 11 percent more expect the number of real estate transactions to grow and 12 percent ,more anticipate improvement in their local economies.
“The differences in how real estate professionals are seeing the market in the past 12 months is significant,” said Nikesh Parekh, CEO of ActiveRain. “Confidence in the real estate market has increased by 28 percent, and a rebound in both housing and construction this year is a great sign for the economy.”
A similar survey in early 2012 correctly predicted the bottom of the US real estate market, as the National Association of REALTORS (NAR) showed a 9 percent jump in existing-home sales over the previous year.
Finding Logic in an Illogical Real Estate Industry | Pound Ridge Realtor
Real Housewife of Miami faces foreclosure | Pound Ridge Real Estate
We keep saying it, and it’s true: Foreclosure is not just for the middle-class or the average, working citizens who fall on hard times.
Many borrowers who are somewhat cash-liquid also end up facing foreclosure.
Karent Sierra, 38, appeared to the public on The Real Housewives of Miami to play the independent businesswoman who doesn’t need a husband to support her two mortgages, which carry a total balance of $870,000. Or maybe she does?
A gossip rag out of Miami claims the reality TV star is at risk of losing two Miami homes.
She is apparently worth $5 million, according to published reports.
No word on whether this is a strategic default …
Pound Ridge NY Weekly Real Estate Report | RobReportBlog
Pound Ridge NY Weekly Real Estate Report | RobReportBlog
Homes for sale 72
Median Ask Price $1,057,500.00
Low Price $375,000.00
High Price $3,950,000.00
Average Size 4001
Average Price/foot $342.00
Average DOM 141
Average Ask Price $1,394,139.00





