Tag Archives: Armonk NY Homes

Armonk NY Homes

Doors to single-property investing could be thrown open to all | Armonk Real Estate

Leave a reply

Sometimes, when you cover your ears to escape all the chatter about real estate crowdfunding, you may ask yourself, “What is the big deal?”

After all, crowdfunding is not new. Indeed, it’s ancient.

“At the end of the sermon, they’re passing the plate,” crowdfunding expert Sydney Armani said at a recent crowdfunding conference hosted by The Soho Loft, a financial adviser for crowdfunders.

Real estate finance is also no stranger to crowdfunding. For decades, intermediaries have aggregated and funneled money from investors to real estate companies that use the money to purchase or develop property.

But the fact is, the technology-fueled method of pooling money for real estate investments that has come to hog the label of “crowdfunding” iterates on its predecessors in a fashion that could transform real estate finance in a big way, particularly once the Securities and Exchange Commission (SEC) fully implements new regulatory changes.

As a result, the differences between crowdfunding and its ancestral forms may be worth exploring. If you’re interested, they boil down to two words: access and transparency.

 

 

 

– See more at: http://www.inman.com/2013/11/25/real-estate-crowdfunding-why-its-a-big-deal/#sthash.3q46y8J9.dpuf

China’s penchant for property evokes US bubble mentality | Armonk NY Homes

Leave a reply

Amid the government’s effort to pass aggressive legislation designed to cool the housing market, China’s home prices soared to record heights in October, underscoring the persistent danger of a price bubble, Reuters reports.

China’s booming market is reminiscent of the U.S. bubble, since it is driven in large part the view that property is one of the soundest investments. The government has said it intends to pass legislation aimed at curbing a possible bubble as part of what Reuters called its “boldest set of economic and social reforms in nearly three decades.”

 

 

 

Source: Reuters

House Prices and the One-Armed Policymaker’s Dilemma | Armonk Homes

Leave a reply

I just got back from London, where I ran into a senior British official I hadn’t seen in some time. I asked him what was going on. “Another housing bubble,” he said, only half-jokingly. After being depressed for a few years, house prices in the English capital are rising at an annual rate of about ten per cent, and in some trendy areas the rate of increase is much higher than that. In the British media, there is already talk of the Bank of England raising interest rates sometime soon to head off another boom-bust cycle.

At least we don’t have that problem in the United States, I thought to myself. Or do we? At breakfast this morning, my wife informed me that our home, which we purchased a decade ago, in a gentrifying section of Brooklyn, has risen in value by another hundred thousand dollars. Over the past twelve months or so, prices on our once-modest street have jumped by about a third. And it’s not just brownstone Brooklyn. Listening to the radio the other day, I heard that in parts of Hoboken, across the Hudson in New Jersey, prices have jumped by forty per cent in a year.

Of course, the Brooklyn bubble—if that’s what it is—is a very localized phenomenon, and it’s partly a product of demographic shifts: sections of Brooklyn are turning into extensions of Manhattan. The further you go into the borough, though, the fewer signs you see of froth. In Bay Ridge and East New York, prices are rising at an annual rate of about five to ten per cent, according to the real-estate “heat map” on trulia.com. In Bensonhurst, Brighton Beach, and several other outlying neighborhoods, prices are falling. And for the New York metropolitan area as a whole, according to the widely watched S&P/Case-Shiller home-price indices, prices are rising at an annualized rate of less than five per cent.

Still, the fact is that real-estate inflation has returned to many parts of the country. According to the S&P/Case-Shiller index for twenty major cities, home prices rose by about thirteen per cent this year to August, which is a very rapid rate of increase, and one somewhat reminiscent of the bubble years—as the chart below shows. But, as in New York, there is wide variation. In Los Angeles, San Francisco, and Las Vegas, prices are rising at an annual rate of more than twenty per cent. In places like Boston, Charlotte, and Washington, the rate of appreciation is still below ten per cent.

 

 

 

http://www.newyorker.com/online/blogs/johncassidy/2013/11/house-prices-and-the-one-armed-policymakers-dilemma.html

Armonk NY Real Estate Weekly Report | #Robreportblog

Leave a reply
Armonk   NY Weekly Real Estate Report11/14/2013
Homes for sale85
Median Ask Price$1,999,000.00
Low Price$499,000.00
High Price$24,900,000.00
Average Size5800
Average Price/foot$456.00
Average DOM166
Average Ask Price$2,953,827.00

Homebuyers more likely to use real estate agents, even as Internet usage hits an all-time high | Armonk NY Homes

Leave a reply

Use of the Internet among consumers in the homebuying process continues to grow, but those buyers are more, not less, likely to use a real estate agent, according to an annual survey from the National Association of Realtors.

NAR’s 2013 Profile of Home Buyers and Sellers includes survey responses from 8,767 people who purchased a home between July 2012 and June 2013. The seller information in the report is from those buyers who also sold a home.

For those who purchased a home during that time period, the highest share ever – 92 percent — used the Internet to search for a home, up from 90 percent in last year’s survey and 71 percent in 2003.

use_of_internet_home_search_NAR_2013

Source: National Association of Realtors.

Just over 4 in 10 buyers (42 percent) started the homebuying process by looking for properties online (up from 35 percent in 2011) followed distantly by those whose first step was to contact a real estate agent (17 percent). Online websites and agents tied as the most common information sources homebuyers used in their search with 89 percent using each. Yard signs followed at 51 percent.

 

 

– See more at: http://www.inman.com/2013/11/04/homebuyers-more-likely-to-use-real-estate-agents-even-as-internet-usage-hits-an-all-time-high/#sthash.Me4tRDgv.dpuf

Armonk Sales up 39% | Median price up 18% | Armonk NY Real Estate

Leave a reply
Armonk   NY Real Estate ReportRobReportBlog
20136 months ending 11/42012
74Sales53up 39%
$1,040,000.00median sold price$875,000.00up 18%
$255,000.00low sold price$150,000.00
$2,895,000.00high sold price$9,300,000.00
3857average size3515
$309.00ave. price per foot$352.00down 12%
179ave days on market187
$1,179,609.00average sold price$1,297,501.00

1 in 6 markets back to normal, with smaller metros leading the way | Amonk Real Estate

Leave a reply

Smaller metros are leading the way in the housing recovery, accounting for 43 of the top 50 markets on an index compiled by the National Association of Home Builders and First American Title Insurance Co.

The NAHB/First American Leading Markets Index (LMI) shows housing markets in 52 out of 350 metro areas have now returned to or exceed their prerecessionary levels of activity.

The LMI uses employment growth data from the Bureau of Labor Statistics, home price appreciation data from Freddie Mac, and single-family housing permit growth from the U.S. Census Bureau.

 

Source: nahb.org –

 

See more at: http://www.inman.com/wire/one-in-six-markets-back-to-normal-with-smaller-metros-leading-the-way/#sthash.td97cv0z.dpuf