Tag Archives: Pound Ridge NY Homes

Pound Ridge NY Homes

Understanding cultural expectations helps agents better market to buyers | Pound Ridge NY Homes

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Offshore buyers, unemployment rates hovering between 12 and 25 percent for adults aged 18-25, and an onslaught of baby boomers has caused the number of multigenerational households to explode. If you’re looking for a great niche in 2014, specializing in multigenerational housing can be an excellent choice.

According to NAR’s 2013 Profile of Home Buyers and Sellers:“Fourteen percent of recent buyers purchased a home for a multigenerational household — a home that had adult siblings, adult children over the age of 18, parents, and/or grandparents in the household. One-quarter of these homes were bought because children over the age of 18 were moving back into the home and for cost savings.

One of five multigenerational households purchased this household type because of health and caretaking of aging parents, while 1 in 10 purchase this type of home to spend more time with aging parents.”The real driver: foreign-born seniors? In a recent Wall Street Journal article, Neil Shah argued that what’s really driving the trend towards multigenerational households is not low income or high joblessness, it’s the fact the number of seniors born outside the U.S. has risen from 8 percent in 1994 to 13 percent in 2013.

According to Shah: “… Foreign-born seniors are four times more likely to live with their children. Around 25 percent of foreign-born seniors in the U.S. live with relatives, compared with just 6 percent for U.S.-born seniors. … Nearly half of all U.S. seniors born in India (47 percent) were living with relatives. Vietnam (44 percent), the Philippines (38 percent), Mexico (35 percent) and China (34 percent) also posted high shares.”

 

 

– See more at: http://www.inman.com/2013/12/09/multigenerational-households-an-often-overlooked-real-estate-niche-offers-agents-prime-opportunity-in-2014/?utm_source=20131209&utm_medium=email&utm_campaign=dailyheadlinesam#sthash.aZfhudbH.dpuf

Gray Day: Greenwich Remains Under Dense Fog Advisory | Pound Ridge Homes

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Fog was continuing to create hazardous travel conditions Thursday morning as a Dense Fog Advisory was in place until noon, the National Weather Service said.

The warning is in effect in all of southern Connecticut, the lower Hudson Valley, northeast New Jersey and on Long Island, creating dreary, gray conditions.

Dense fog can create a visibility of a quarter mile or less. The warning is through noon but the fog may continue into the afternoon and evening, especially along the coast, the National Weather Service said.

High temperatures Thursday will reach the mid-50s, but showers are expected to move in by afternoon or the evening, the weather service said. Rain is likely overnight with more fog.

The reduced visibility can create hazards for on the road. Drivers should slow down, use low beam headlights and leave plenty of distance ahead in case a sudden stop is needed.

 

 

http://greenwich.dailyvoice.com/news/fairfield-county-remains-under-dense-fog-advisory

 

Beckham Wants To Build His Soccer Stadium At PortMiami | Pound Ridge Real Estate

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Soccer superstar David Beckham reportedly wants to build his Major League Soccer stadium over on 25 acres at the southwest corner of Dodge Island, where the port has been planning to develop condos, hotels, retail, and a megayacht marina. This is according to the Miami Herald. This works because, although Beckham has been wanting to build the stadium in an urban locale all along, now he’s planning a hotel and retail to go along with it too. Hotel Beckham? Sleep with the dreamy soccer stud, metaphorically?

Anywho, as far as just how big the stadium is going to be, the Miami Herald reports that it will be 25,000 seats “with expandable seating for different events”. Meanwhile, the UK’s Daily Mirror says Beckham wants “to build [a] 75,000 seater.” If the thing really does triple in size, that’s one hell of an expandable stadium. · Beckham group considers Soccer stadium site at PortMiami [Miami Herald] · David Beckham To Build ‘75,000 Seater Stadium’ In Miami [Daily Mirror] · PortMiami coverage [Curbed Miami] · Soccer Stadium coverage [Curbed Miami

Overcoming job stress: Don’t discount the power of positive thinking, superstition | Pound Ridge Realtor

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Have you ever had a particularly bad day, week or month that left you feeling like the mole in the “Whac-a-Mole” game?

As a Realtor, someone is always taking a swat at you or your business; what can you do to cope? Recently I had a conversation about the impending changes coming in January with respect to the qualified residential mortgage, as well as how the “Obamacare” health insurance cancellations and premium increases may impact the real estate market.

As we were discussing how these uncertainties could put the brakes on the real estate market, it struck me that the “Whac-a-Mole” game was the perfect metaphor to describe what Realtors experience on a day-in, day-out basis.

Realtors are constantly being “whacked” by unrealistic sellers; buyers who work with them and then buy from a different agent; tight credit; low appraisals; and a host of other transaction-related issues.

Moreover, federal, state and local regulations (the qualified residential mortgage is a great example) often create such high degrees of uncertainty that even the experts are uncertain about what’s coming and what real estate professionals must do in order to comply.

Now couple this with the normal day-to-day stresses such as family issues, money woes and traffic, plus the never-ending onslaught of text messages, Facebook notifications and other digital distractions, and it’s no wonder that so many agents are feeling battered about as if they’re the mole in the “Whac-a-Mole” game.

 

– See more at: http://www.inman.com/2013/11/21/overcoming-job-stress-dont-discount-the-power-of-positive-thinking-superstition/#sthash.UY1PuFGS.dpuf

Freddie Mac: Housing will remain generally affordable | Pound Ridge Real Estate

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The next year brings a bevy of unprecedented changes to the mortgage market as it shifts from a refinance to purchase business.

Despite all of this, in an environment of rising interest rates and tightening loan criteria, Freddie Mac still believes most of the nation’s housing will remain affordable. The issue that remains, is getting responsible mortgages to the homeowners who deserve them.

Frank Nothaft, chief economist at Freddie, released the enterprise’s 2014 outlook report in conjunction with a HousingWire webinar he participated in.

“The big shift ahead will occur as the single-family mortgage market begins transitioning from a rate-and-term refinance dominated market, to the first purchase-dominated market we’ve seen since 2000,” Nothaft said. “The emerging purchase market should gather momentum in the coming year.”

The webinar, titled Competitive lending in the Qualified Mortgage world, also took a hard look at the challenges lenders will face after the ruling comes into effect in January.

Craig Crabtree, general manager of Equifax Mortgage Services, spoke at length of the critical importance of underwriting and outlined the types of mortgage products that would likely be prohibited under the QM.

This aspect of great underwriting standards will need to be carefully balanced against the need to shorten closing times to under 30 days. Regional banks, for example, should re-approach their underwriting methodology to seek greater efficiency in writing new mortgages.

 

 

 

http://www.housingwire.com/articles/28039-freddie-mac-housing-will-remain-generally-affordable