Suburban Jungle reports Top NYC Suburb Destinations | Armonk Realtor
Leave a reply
Tag Archives: Armonk Luxury Homes for Sale
Home Foreclosure Numbers Improve, but Still Far to Go | Armonk NY Homes
In the month of January, 48,000 U.S. home foreclosures were completed, down 11.8% month over month and down 19% from 59,000 in January 2013, according to research firm CoreLogic. While an improvement, the number of foreclosures is still well above the 2000 to 2006 average of 21,000 foreclosures per month. CoreLogic notes that since September 2008, some 4.9 million foreclosures have been completed in the United States.
The five states with the highest number of completed foreclosures in the past 12 months were Florida (116,000), Michigan (52,000), Texas (39,000), California (38,000) and Georgia (35,000). The five states with the fewest foreclosures in the 12 months through January were District of Columbia (60), North Dakota (427), Hawaii (526), West Virginia (543) and Wyoming (732).
http://finance.yahoo.com/news/home-foreclosure-numbers-improve-still-133053522.html
Mortgage Loan Rates Rise Slightly, Home Purchases Fall to 1995 Level | Armonk Real Estate
The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 8.5% in the group’s seasonally adjusted composite index. That followed a drop of 4.1% for the previous week. Mortgage loan rates rose slightly on all by adjustable rate mortgage (ARM) loans.
The seasonally adjusted purchase index decreased by 4% from the prior week’s report. On an unadjusted basis, the composite index decreased by 7% week-over-week. The unadjusted purchase index increased by a slight 0.1% for the week and is 15% lower year-over-year.
ARM loans account for 8% of all applications, unchanged from a week ago.
The MBA’s refinance index decreased by 11%, after declining by 3% in the previous week. The share of refinancings fell by three points to 58% of all applications, the lowest level since last September.
The average mortgage loan rate for a conforming 30-year fixed-rate mortgage increased from 4.50% to 4.53%. The rate for a jumbo 30-year fixed-rate mortgage rose from 4.45% to 4.47%. The average interest rate for a 15-year fixed-rate mortgage increased from 3.55% to 3.56%.
http://finance.yahoo.com/news/mortgage-loan-rates-rise-slightly-122511434.html
Kerry Kennedy was ‘sleep driving’ according to her defense attorney at DWI trial in Westchester County | Armonk Homes
German Home Prices Rose Most in Decade on Cheap Finance | Armonk Homes
30-year-mortgage rate falls to 4.23% | Armonk NY Homes
The average rate for a 30-year fixed-rate mortgage fell to 4.23% in the week that ended Feb. 6, hitting the lowest level since November, from 4.32% in the prior week, according to a Thursday report from federally controlled mortgage buyer Freddie Mac/quotes/zigman/226335/delayed/quotes/nls/fmccFMCC-1.69%. A year ago, the 30-year rate was at 3.53%. “Mortgage rates fell further this week following the release of weaker housing data,” said Frank Nothaft, Freddie’s chief economist, citing a recent drop in a gauge of upcoming home sales, among other reports. The average rate for the 15-year fixed-rate mortgage declined to 3.33% in the latest week from 3.40% in the prior week. Meanwhile, the rate for a 5-year Treasury-indexed hybrid adjustable-rate mortgage fell to 3.08% from 3.12%. The rate for a 1-year Treasury-indexed ARM fell to 2.51% from 2.55%.
http://www.marketwatch.com/story/30-year-mortgage-rate-falls-to-423-2014-02-06-9915956?siteid=yhoof2
The X factor in the buy vs. rent equation: How long will you stay? | Armonk NY Homes
A home is the biggest purchase many people will ever make, and because home values can move abruptly in either direction, homebuyers are often advised to think of a prospective home primarily as a place. If it also happens to turn out to be a good investment, that’s icing on the cake. Even when home prices march steadily upward, it still takes time to for homebuyers who have financed a purchase with a mortgage to recoup their investment. Transaction costs — like mortgage origination fees and title insurance on the front end, and real estate brokerage commissions on the back end — can add up to 10 percent or more of a home’s purchase price. The way mortgages are structured, most of a homebuyers initial loan payments are going toward interest, rather than principal.
– See more at: http://www.inman.com/2014/02/03/the-x-factor-in-the-buy-vs-rent-equation-how-long-will-you-stay/?utm_source=20140204&utm_medium=email&utm_campaign=dailyheadlinesam#sthash.qKj4wttM.dpuf
Ground Hog ‘Phil’ Sees Shadow; Snow Likely Monday In Armonk | Armonk Realtor
Wall Street bonuses heat up January real estate market in Greenwich, Darien | Armonk NY Real Estate
The ‘McMansion’ is back | Armonk NY Real Estate
Though the reign of the “McMansion” appeared to crumble during the housing crisis, demand for big homes has surged recently, The New York Times reports.
The average size of a new home reached an all-time high in 2012, and sales of homes costing more than $1 million leaped nearly 50 percent year over year in July 2013, according to The Times.
“The housing market is being driven by the move-up buyer, the luxury buyer,” Brad Hunter, chief economist and director of consulting at Metrostudy, told The Times. “And those who have strong incomes, secure jobs, their stock portfolio is doing well — they are able to buy whatever they want. And what they are buying is larger houses.”
Source: The New York Times
– See more at: http://www.inman.com/wire/the-mcmansion-is-back/?utm_source=20140127&utm_medium=email&utm_campaign=dailyheadlinespm#sthash.eqeZnSWh.dpuf