Tag Archives: Westchester NY Homes for Sale

Westchester NY Homes for Sale

Monthly Inventory Rises for First Time in 33 Months | Chappaqua NY Real Estate

The number of homes for sale in April inched 1.6 percent higher than in March, the first month-over-month inventory increase since June 2010, according to the April RE/MAX National Housing Report.

The months supply of homes for sale at April’s pace of sales was just 3.6 months, the lowest supply since the RE/MAX report began in August 2008.   Closed transactions and median prices both remained 10 percent higher than last year’s levels, signs of a strong housing recovery in regions across the country.  Low inventories contribute to a limited growth in sales, preventing some buyers from closing on the home of their choice.

“April was exactly what we needed at this time in the housing recovery.  Home sales and prices continued to rise, while we started to see improvement in the number of homes for sale,” said Margaret Kelly, CEO of RE/MAX, LLC.  “It may take a few months, but as prices rise and more homeowners gain positive equity, we should see an increase in the inventory of homes for sale, resulting in a much better selection for potential homebuyers.”

The April RE/MAX Housing Report showed an 8.1 percent increase in closed transactions over March and a 10.5 percent increase over sales in April 2012, making April the 22nd month in a row experiencing higher sales than the same month in the previous year.  Real estate agents across the country are reporting increased traffic and expect the upcoming summer selling season to be even stronger than last summer. Of the 52 metro areas surveyed in April, 41 reported higher sales than April 2012, and 25 reported double-digit gains, including:  Honolulu, HI +53.2 percent, Burlington, VT +40.3 percent, Albuquerque, NM +40.2 percent, Charlotte, NC +39.4 percent, Raleigh & Durham, NC +38.1 percent and Chicago, IL +33.4 percent.

The Median Price for all homes sold in April was $177,200, which was 4.7 percent higher than the median price in March and 10.7 percent higher than the price in April 2012.  For 15 months in a row, the median price has been higher than in the same month of the previous year. Until the inventory balances, home prices should remain higher than those in the previous year. Of the 52 metro areas surveyed in April, four saw their median prices drop below last year’s price: Los Angeles, CA -9.1%, Albuquerque, NM -6.3 percent, Cleveland, OH -1.8 percent and Providence, RI -0.3 percent.

However, a total of 48 metros saw year-over-year price increases, with 21 reporting double-digit increases, including:  Detroit, MI +44.1 percent, San Francisco, CA +42.2 percent, Atlanta, GA +38.9 percent, Las Vegas, NV +31.6 percent, Orlando, FL +24.6 percent and Phoenix, AZ +23.8 percent.

 

 

RE/MAX: Monthly Inventory Rises for First Time in 33 Months | RealEstateEconomyWatch.com.

Lending Standards Loosen Up a Little | Armonk NY Real Estate

FICO scores for approved mortgage applications in April decreased slightly for the fifth consecutive month as lenders turned their attention to financing buyers during the spring buying season.

Average FICO scores for closed mortgages fell from 749 in January to 743 in March, the steepest decline in the critical measure of creditworthiness since last year at this time. The average loan-to-value ratio for all loans rose slightly from 80 to 81 and the front end/back end debt-to-income ratio was virtually unchanged at 23/35, according to the April Ellie Mae Origination Insight Report released today.

The average time to close a loan fell to 46 days from 48 in March for all loans. Purchase loans took only 44 days to close, on average, down from 47 days in March.

Though standards relaxed slightly, approval rates fell. To get a meaningful view of lender “pull-through,” Ellie Mae reviewed a sampling of loan applications initiated 90 days prior (January 2013 applications) to calculate an overall closing rate of 53.2 percent in April 2013, down from 55.1% in March 2013. The closing rate for all loans fell slightly from 56.8 percent in March to 55.1 percent in April. The average rate in 2012 was 49.0 percent.

“The spring buying season appeared to be in full bloom in April with the percentage of closed purchase loans reaching 42 percent last month, up from 38 percent in March 2013 and 32 percent in February 2013,” said Jonathan Corr, president and chief operating officer of Ellie Mae. “The last time purchase loans broke the 40 percent mark was back in July 2012.” In April 2012, the purchase share was 43 percent, virtually the same as it is today.

“The trend toward more relaxed credit also continued in April 2013 as the average FICO score decreased slightly for the fifth consecutive month to 742 in April 2013 from 743 in March 2013,” added Corr. “Pull-through closing rates dropped slightly last month to 53.2% from 55.1% in March 2013. This may be a reaction to interest rates, which had been climbing for the past five months and then reversed course and fell to 3.808 in April 2013 from 3.813 in March 2013.

 

 

 

Lending Standards Loosen Up a Little | RealEstateEconomyWatch.com.

Realtor finds Google Glass ‘awesome’ | Bedford Corners Real Estate

Given Google’s tight clutch on prototypes of its futuristic eyewear, known as Google Glass, Greg Geilman may be the first real estate agent to test the device.

His finding? The smart glasses, which allow users to perform many smartphone functions, offer a unique “awesome” user experience. And thankfully, he “did not feel like an idiot” sporting them in public.

“People were like, ‘Oh my god, is that really Google Glass?’ Some people look at you a little weird, but I didn’t get any bad reactions,” he said. “I’m really excited about it. It was very comfortable to use. I got used to it right away.”

But as with many devices still in beta testing, Glass could still use some tweaks, he said.

Google has said that it aims to release the product by the end of 2013. Recently, thousands of “explorers” who won Google’s #ifihadglass contest received prototypes of the next-generation smart wear, transforming a legion of techies into walking spectacles and heightening awareness of the product.

Geilman, the managing director for Manhattan Beach, Calif.-based South Bay Residential, said he borrowed the glasses from a friend who attended Google’s annual developer-focused tech conference, Google I/O, and as a result, was able to nab a pair. The Realtor said he enjoyed performing different tasks with the device using hand motions and dictation — two ways Glass processes commands.

– See more at: http://www.inman.com/2013/05/16/realtor-finds-google-glass-awesome/#sthash.rQmEJi5r.dpuf

 

 

Realtor finds Google Glass ‘awesome’ | Inman News.

Homebuilders ready to kick it up a notch | Chappaqua Real Estate

With tight inventory stifling a full housing recovery in many markets and foreclosures slowing down, builders are responding by ramping up plans to put new homes on the market, according to an analysis of U.S. Department of Housing and Urban Development data by RealtyTrac.

During the first quarter, single-family housing permits  – approvals given by a local authority to start construction — were up 27 percent from a year ago, to the highest level since the first quarter of 2008, RealtyTrac reported. The majority of building permits issued in the first quarter — 64 percent — were for single-family homes.

Houston, Oklahoma City, Austin, El Paso and Fort Worth topped the list of cities where the most single-family building permits were issues, while Texas, Florida, North Carolina, California and Georgia were the top states.

Single-family building permits and foreclosure starts increased by at least 10 percent in Las Vegas, Seattle, Raleigh, N.C., Reno, Nevada, and Boca Raton, Fla.

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Foreclosure starts were down 27 percent in the quarter from a year ago, according to RealtyTrac, to the lowest level in a quarter since the second quarter of 2006.

– See more at: http://www.inman.com/2013/05/15/homebuilders-ready-to-kick-it-up-a-notch/#sthash.NimmQjIn.dpuf

 

Homebuilders ready to kick it up a notch | Inman News.

18 Photos of FiDi When the Twin Towers Were the New WTC | North Salem NY Realtor

[Photos by Wil Blanche via National Archives. All captions are the 1973 originals.]

The tallest tower of the new World Trade Center reached its full height last week, 40 years after the Twin Towers opened as the original WTC. At that time, the Environmental Protection Agency hired photographer Wil Blanche to document the new giants and the changing Financial District. The Atlantic Cities recently highlighted the photos, which were taken in May 1973 as part of the Documerica project, a visual exploration of environmental issues around the country. The National Archives shared 87 of Blanche’s historic photos onFlickr, and we chose 18 to include in the gallery above.

 

 

18 Photos of FiDi When the Twin Towers Were the New WTC – Sepia Tones – Curbed NY.

Want Chinese clients? Hire Chinese-speaking agents | Cross River Real Estate

Any discussion of working with the Chinese market must begin with a word of caution: China is in many ways as diverse as Europe, so general statements about Chinese clients must be treated carefully.

In the past 30 years, our firm has done thousands of transactions, both commercial and residential, with Chinese families and businesspeople. Notwithstanding China’s immense diversity, our collective experience has given us certain concrete insights into the expectations of Chinese clients, what factors shape their investment decisions, and how to best service this segment of the market.

When compared to other investment vehicles, there is a general preference for real estate investment amongst Chinese clients. According the U.S. Census Bureau and other studies, Asian Americans, specifically Chinese Americans, have a higher homeownership rate than any other immigrant group.

There are a variety of reasons for this which are beyond the scope of this article, but the bottom line is that when Chinese families or businesspeople come to North America, real estate is often the first major investment they make.

– See more at: http://www.inman.com/2013/05/15/want-chinese-clients-hire-chinese-speaking-agents/#sthash.BXaIr9DY.dpuf

 

 

Want Chinese clients? Hire Chinese-speaking agents | Inman News.

Bedford Set As Filming Location For Robert Durst Documentary | Bedford NY Real Estate

A scene for an upcoming documentary based on the story of Scarsdale’s Robert Durst and his wife—who was last seen getting on a train in Bedford 30 years ago—will be shot in Bedford Hills on April 13, the Journal News reported.

The documentary comes from filmmaker Marc Smerling, who co-wrote the screenplay for the 2010 movie based on Durst’s life called “All Good Things.” Smerling talked to Durst after the release of that movie, the report said.

Smerling told the Bedford Town Board last week in an application for the filming permit it was a conversation that rekindled his passion for the story.

The film will revisit a mystery tale that began on Jan. 31, 1982, after Durst said he put his wife, Katie Durst, on a train to Manhattan and never saw her again, the Journal News said.

The police investigation was reopened in 2000 after Durst moved to Texas. Soon after, Durst’s friend Susan Berman—who police wanted to speak to in regards to the case—was fatally shot in Los Angeles.

Durst would eventually be arrested in 2001 for the murder of his neighbor Morris Black, telling police he shot his neighbor accidentally and proceeded to dismember him in a panic. After being acquitted for murder but arrested for the dismemberment and gun possession.

 

Bedford Set As Filming Location For Robert Durst Documentary | The Bedford Daily Voice.

6 Tips to Grow Your Twitter Followers | Jeffbullas’s Blog | Chappaqua Realtor Reading


Twitter has been my number one social media platform for quite a long time. That was actually the first social network I embraced after I started my blog.

6 Tips to Grow Your Twitter Followers

Over the course of more than two years I dedicated a lot of my free time to not only expanding my Twitter network but to also to actually engage with  people who cared about what I shared and who enjoyed my content.

As much as you’d like to say that quantity doesn’t matter, well, it does.

The more people I “persuade” to follow me, the more visitors my blog ends up receiving. The traffic Twitter brings me is now significant with 5,500 visitors a month coming from the 140 character social network.

If you’d like to increase your Twitter traffic the way I did, here are six of the most effective ways to get more quality Twitter followers that I have discovered.

Anyway, let’s get started:

1. Start with the profile picture

When someone lands on your profile, the first thing to catch their eye is your profile picture.

Especially now with the new profiles, where the photo is at the center of the header, it can really give people a hint of whether or not they should click ‘follow’.

Twitter profile

So, when it comes to choosing a suitable avatar, there are three golden rules:

1. Make sure it’s a photo of “you”

When you follow someone you expect them to be a real person. And unfortunately when it comes to Twitter, there are literally millions of fake accounts. That is why you have to make sure to add a real photo and not one you found on the internet for instance. Additionally if you are a business then you are far better off creating an additional Twitter account instead of putting a business logo on your personal profile just to promote your business.

2. Make sure it’s big enough

A lot of people tend to click on the avatar to see a person’s profile picture in a bigger size. There are a lot of folks out there however, whose photo is just as big as the size of the frame. What I’d advice you is to re-size your photo to say 300 by 300 pixels, so that it actually becomes bigger once someone clicks on it. A small, blurry and pixellated picture says that you don’t pay attention to the small details and that isn’t a good start.

3. Make sure your face is recognizable

What many Twitter users do is to simply upload a picture of them in full-size. Consider how small the avatar is, if you put a whole-body picture, then end result will be hard to distinguish. So absolutely make sure that the photo is only of your upper-body.

2. Don’t forget about hashtags

Hashtags are kinda like when you use a specific keyword within an article to make it rank higher in the search engines. When you use them, you are targeting your tweet to the people using the words you’ve included in your hashtags.

Twitter hashtag

I used to have a problem with hashtags. In my eyes they just didn’t look good and were making some of the tweets look quite unreadable.

But you know what?

Hashtags aren’t the problem. Using them is a great way to guarantee your message gains more exposure with the right people.

The problem is how you use them.

The 3 “Don’ts” of Hashtags

1. Don’t include too many

Let’s assume you are sharing an article of yours on Twitter and decide to add some hashtags to improve its visibility. Since the title is short and doesn’t take much of your 160 characters limit, you decide to include five hashtags. Is that a good move? No. It just looks spammy… And no one likes that kind of obvious self-promotion. I’d say two or three hastags at most.

2. Don’t be too specific

Twitter unlike Google doesn’t have a huge search volume. This basically means that you can get your message seen even if you use a broader term. On the other hand if you are too specific, probably no one is going to see your tweet via Twitter search. I’ve found that including more general terms like #Marketing,#SocialMedia#Blogging or #Design results in the most retweets and favorites.

 

 

6 Tips to Grow Your Twitter Followers | Jeffbullas’s Blog.

For $4.5M, a Classic Shingle-Style Estate on Cape Cod – House of the Day | Armonk Real Estate

 

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Location: West Falmouth, Mass.
Price: $4,500,000
The Skinny: This shingle-style estate on Frederick Law Olmsted-plannedChapoquoit Island is the pinnacle of preppy summering. Located within a private association, with easy access to the prime sailing grounds of Buzzards Bay, the five-bedroom cottage sprawls over 3,800 square feet and enjoys dazzling water views from nearly every room. The listing focuses on the cottage’s beautiful exterior, saving only one HDR-heavy photo for the interior, so its safe to assume that plenty of work is necessary on the inside to bring this 1902 beauty up to modern standards. Listed for $4.5M, the house sits on 1.43 acres, with a pond and a coveted private dock.

 

 

For $4.5M, a Classic Shingle-Style Estate on Cape Cod – House of the Day – Curbed National.

Fannie, Freddie and FHA shrinking REO inventories | Mount Kisco Real Estate

Fannie Mae, Freddie Mac and FHA had 189,529 homes in their real estate owned (REO) inventories at the end of March — a 9 percent drop from a year ago and a decline of nearly 36 percent from the 2010 peak,  financial blogger Bill McBride reports.

Other institutions — portfolio lenders and loan servicers who collect payments on “private-label” mortgage-backed securities (MBS) — also have stockpiles of REOs, but those inventories are declining, too, McBride says. Source: calculatedriskblog.com.

 

 

 

Fannie, Freddie and FHA shrinking REO inventories | Inman News.