Tag Archives: Waccabuc Homes
More customized design solutions available through Homes.com Studio | Waccabuc NY Real Estate
Homes.com today launched a new responsive design website platform for real estate professionals, Homes Connect Fusion, that adapts content for viewing across desktops, laptops, tablets and smartphones. Fusion provides custom-designed websites using responsive technology to showcase content and branding while enhancing the consumer search experience. Fusion allows users to select from 32 background images and seven color options to match individual brand requirements, and provides integrated Internet Data Exchange (IDX) and map-based listing search. Homes.com also released Homes.com Studio, which provides more customized design solutions utilizing the Fusion website platform. Real estate pros will receive expert design advice from Studio consultants who match their individual marketing and branding goals.“With mobile traffic expected to surpass desktop traffic in 2014, implementing a comprehensive high-impact website product for real estate professionals is essential to achieve a positive user experience,” said Homes.com Executive Vice President Brock MacLean in a statement. “We are excited to offer real estate pros the tools to provide a responsive Web browsing experience for homebuyers and sellers through the affordable and customized Homes Connect Fusion and Studio products.”
– See more at: http://www.inman.com/2014/01/14/homes-com-offers-responsive-design-website-platform-for-agents/?utm_source=20140115&utm_medium=email&utm_campaign=dailyheadlinesam#sthash.4TDO8PAm.dpuf
Stagnation hit the Phoenix-area housing market | Waccabuc Real Estate
A new report from the W. P. Carey School of Business at Arizona State University shows stagnation hit the Phoenix-area housing market as 2013 came close to an end. Phoenix-area home prices have been going up since they hit a low point in September 2011, but the increases have slowed down in recent months.
The latest data for Maricopa and Pinal counties, as of November, reveals:
• Price gains continuing to slow, even though the median single-family-home price went up 23 percent from November 2012 to November 2013.
• Sales activity down 27 percent at the same time.
• Investor interest and construction permits also falling off.
The median single-family-home price went up 23 percent from November 2012 to this past November – from $162,500 to $200,000. Realtors will note the average price per square foot rose about 18 percent. The median townhouse/condo price went up about 20 percent, to $119,900.
http://www.arizonadailyindependent.com/2014/01/13/stagnation-hit-the-phoenix-area-housing-market/
Park Slope’s Former Pinkstone (Now Brown) Asks $4.45M – Brooklyn Townhouse Roundup | Waccabuc Homes
Easy, Affordable Ways to Spruce Up Your Kitchen | Waccabuc NY Real Estate
What home sellers can expect in the market this year | Waccabuc Real Estate
Part-time landlords flocking to super-bowl-rentalz.com | Waccabuc Real Estate
Philly Fed’s Plosser warns of rapid rate rise | Waccabuc Real Estate
Sandy Forced Poor to Leave Illegal Units | Waccabuc NY Homes
Superstorm Sandy has placed a spotlight on tens of thousands of basement apartments, attics and other informal living spaces which are forms of affordable housing that are often illegal but also vital in New York City.
Advocates for the poor said thousands of people were dislodged from such apartments after the 2012 storm, and many are still homeless, as their landlords have difficulty finding resources to fix illegal residences. Such units often rented for less than nearby legal units and were home to people with low incomes.
It is hard to come by hard numbers of illegal apartments in the coastal areas slammed by Sandy, neighborhoods such as Midland Beach in Staten Island and Rockaway Park in Queens. City officials say 63,000 residential units were damaged during Sandy, and advocates estimate that under counts thousands of illegal apartments.
“It’s true that a lot of the units were maybe illegal, almost definitely substandard,” said Judith Goldiner, an attorney with the Legal Aid Society. “I’m not going to tell you they were great housing, but on the other hand they were affordable housing to a lot of low-income people.”
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Not all basement apartments are illegal. They can be legally rented in some cases if they are more than half above ground, have seven-foot or higher ceilings and comply with a host of other city regulations. Housing advocates are pushing to legalize basement apartments that meet safety standards, and Mayor-elect Bill de Blasio has said he supports bringing them into the regulated housing system. Safety concerns have slowed such efforts.
Unregulated apartments posed special problems for homeowners trying to make repairs after Sandy. Many were unable to get government funding to repair illegal basement units, or their units now sit below the floodplain and can’t be rebuilt.
Others were afraid of seeking help and getting fined when their undeclared apartments were discovered. The Department of Buildings has issued about 30,000 violations for illegal apartments since 2009, including more than 4,400 in 2012.
Some homeowners relied on the rental income to help pay their mortgages, putting them in danger of foreclosure. Of 31,700 pre-foreclosure notices filed in the city between November 2012 and November 2013 nearly 8% were in Sandy-hit areas, according to the Center for New York City Neighborhoods.
Before Sandy, Gloria Harris, a 49-year-old Health and Hospitals Corp. employee, lived on the second floor of her two-story Rockaway Peninsula home and rented the main floor for $1,100 a month. When she asked for disaster recovery money, she said the Federal Emergency Management Agency called her house a one-family home and wouldn’t pay for repairs to the second floor. She has stopped making mortgage payments but said she can’t afford to lose the house.
“Even if I sell the house and I go to rent, with the money I make I can’t afford rent in Brooklyn, or even in Queens,” said Ms. Harris, who bought her home in June 2011.
http://online.wsj.com/news/articles/SB10001424052702303799404579282352875335252#utm_source=Rebuilding%20NY%20Alert&utm_medium=alert-html&utm_campaign=Newsletters
14 Predictions for NYC’s Housing Market in 2014 | Waccabuc Real Estate
Low inventory, bidding wars and record-setting prices were recurring themes for New York’s residential real estate market in 2013.
In 2014, rising mortgage rates, a new mayor and administration and a surge in new construction could be the factors that spark major changes in real estate. DNAinfo asked the experts for their forecasts.
1. Rising mortgage rates will likely dampen price growth by mid 2014
Concern over rising mortgage rates pushed some prospective buyers to seal the deal in 2013. In Manhattan’s third quarter, for instance, the number of sales spiked 30 percent compared with the year before — the most transactions since the recession began — according to a report released by Douglas Elliman, the city’s largest residential brokerage.
But with rates expected to rise, resulting in higher monthly costs, buying may no longer be an option for some, which may make for a less frenzied market.
“2014 is going to be the year of ‘slow and steady,'” said Dottie Herman, president and CEO of Douglas Elliman, “With interest rates inching up, that should help level things off to a more sustainable level of housing price growth.”
Frances Katzen, one of Elliman’s top brokers, agreed: “I also believe 2014 will reflect an adjustment in purchase power due to mortgage rate hikes, and I do expect the mid-year to mellow down with respect to heated prices.”
2. Inventory will expand … just a bit
In terms of new construction, Manhattan will see more condos and Brooklyn will see more rentals, real estate expert Jonathan Miller said.
“I do see inventory edging higher, but not sharply,” Miller said. “That will keep prices making modest gains.”
He added: “I don’t see 2014 as a bad market, but I view it as a little disappointment relative to the euphoria in 2013.”
3. Manhattan will see a wave of ultra-luxury condos opening
A slew of new buildings are slated to open, according to Jeff Schleider, founder of Miron Properties. He noted that nearly every developer his firm represents has a few projects in progress that will hit the market in 2014.
Because land costs have soared in Manhattan, with some areas commanding more than $700 a foot, these projects are primarily luxury: priced at more than $2,500 a square foot and above in order to be profitable — which means they won’t ease the housing shortage, brokers said.
4. But the prices of these high-end projects may not be sustainable
“It will be interesting to see if the market demand for this product will be strong enough to absorb this volume of units,” Schleider said.
Many brokers aren’t convinced these prices can be sustained beyond the first wave of these buildings.
“The new construction is so over-luxurious,” Elliman’s Katzen said. “It comes down to the quality of what you’re looking for — a lot of them are like hotel rooms. [But] I think there are a few of us who appreciate more classical homes.”
Kirk Henckels, director of Stribling Private Brokerage’s division that focuses on luxury sales above $5 million, said, “Smart developers are reassessing. Some prices will go up and some will go down.”
http://www.dnainfo.com/new-york/20140102/east-harlem/14-predictions-for-nycs-housing-market-2014
