Tag Archives: Bedford Corners NY Real Estate

Bedford Corners NY Real Estate

Real estate market sees gains statewide in 2013 | Bedford Corners NY Homes

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It isn’t just the Pittsburgh region seeing a strong real estate market: A real estate group said all of Pennsylvania saw gains in key indicators in 2013.

Home sales throughout Pennsylvania were up 11 percent in 2013 compared to the previous year, according to a report released Monday by the Pennsylvania Association of Realtors. There were 140,165 closed sales in Pennsylvania during 2013.

Median home sales prices rose and days on the market declined. The median home sale price was $169,900, up 3 percent from 2012. The average home was on the market for 86 days in 2013, down 12 percent from a year ago.

“Statewide we’ve seen a continued upward trend in the housing market in the last year. While local markets vary based on a number of issues, overall, we believe the market conditions are progressing favorably,” Pennsylvania Association of Realtors President Kim Skumanick said in a prepared statement. “We expect to see these trends continue into 2014 and we’re optimistic that we’ll continue to see a robust housing market throughout the commonwealth.”

 

 

 

http://www.bizjournals.com/pittsburgh/news/2014/01/13/real-estate-market-sees-gains.html

Treehouse

Incredible treehouse hotels | Bedford Corners NY Homes

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ARIAU AMAZON TOWERS
This sprawling sylvan playground, located 35 miles northwest of Manaus, offers more than six miles of canopy walkways, some as high as 70 feet. Outdoorsy though they may feel, these treehouse suites have all the trappings of more conventional accommodations: A/C, queen beds, private bathrooms, and big ol’ balconies. Adventurous guests can go jungle trekking and piranha fishing, or sign up for a tropical tree-climbing program led by local photographer Leonide Principe; the rest of you can just drink the day away in one of the resort’s four treetop bars.

http://living.msn.com/life-inspired/life-unleashed/incredible-treehouse-hotels

Rentals in demand: Studios dethrone one-bedrooms | Bedford Corners NY Homes

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Manhattan renters were hungry for studios last week, searching out such modest digs with more frequency than any other type of apartment, according to Zumper, an apartment listings website.

Studios were 55 percent of total inquiries, and the median rent query was $1,795 per month. One-bedrooms, often the most popular type, had 35 percent of the leads and the median query was $1,895. Two-bedrooms had the smallest chunk of leads – 10 percent – and an average query of $2,695.

“The searched prices for studios remained stable, [while] one-bedrooms dropped 16 percent,” Zumper COO Taylor Glass-Moore told The Real Deal. “Two-bedrooms climbed 45 percent.”

The top five most in-demand neighborhoods in Manhattan were, in order, the Upper East Side, Greenwich Village, Upper West Side, Soho and Lower East Side, data show.

 

 

 

http://therealdeal.com/blog/2013/12/30/rentals-in-demand-studios-dethrone-one-bedrooms/

 

 

 

Home prices continue steady rise, as sales slow | Bedford Corners Homes

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Home prices in the Baltimore metro region continued a slow and steady climb in November, while sales grew sluggish, a seasonal trend exacerbated by economic uncertainty.

Home prices rose just over 4 percent in November compared with the same time last year, according to a Tuesday report by RealEstate Business Intelligence, a subsidiary of MRIS. Prices have been rising at about that rate for almost two years, although the numbers still fall short of the pre-recession peaks.

The median sales price in the Baltimore metro area was $239,450 in November, up from $230,000 in November 2012, but below November 2006’s $270,000, according to the RBI data, which are based on listing service information. In Anne Arundel and Carroll counties, the percentage increase rose in the double digits.

“It’s been a reasonable-sized change, but not too huge,” said Andres Carbacho-Burgos, a housing economist for Moody’s Analytics. “It shows that house prices are starting to recover.”

R. Andrew Bauer, a Baltimore-based senior regional economist for the Federal Reserve Bank of Richmond, agreed, adding, “The fundamentals are in place for the housing market to continue to move forward solidly. The question is the pace.”

RBI data showed buyer activity slowing during the month, with about 2,000 units sold, down 10 percent from October and flat compared to last year, a seasonal trend that RBI’s analysis said was “intensified” by the shutdown of the federal government. The market update, which is compiled with George Mason University’s Center for Regional Analysis, predicted a continuation of this trend in the coming months.

Maryland’s housing market is particularly vulnerable to uncertainty about government funding, with positions in the public sector or funded through federal contracts accounting for more than 27 percent of the state’s total jobs, according to a November study by the Mercatus Institute.

“It’s a little bit weird out there,” said Dominic Cantalupo of Champion Realty Inc. in Pasadena. “I just think people are still a little squeamish about diving in with both feet.”

Uncertainty in the economy makes people concerned about home values and hesitant to buy, particularly when confronted with a small number of desirable properties, said Stephanie Yungmann, an agent with Keller Williams Realty in Baltimore. Inventory remains about 43 percent lower than the July 2008 peak, according to RBI data.

“Anytime there’s any sort of a little hiccup in the market, buyers immediately start talking again … about not wanting to make a decision,” she said.

 

 

http://articles.baltimoresun.com/2013-12-10/business/bs-bz-housing-20131209_1_home-prices-rbi-data-median-sales-price

 

Refinance share of mortgage activity falls again | Bedford Corners Homes

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Mortgage applications tumbled during the week ending Nov. 29, sinking 12.8% from the last report, the Mortgage Bankers Association said Wednesday.

Similarly, the refinance index also dropped 18%, hitting its lowest level since the beginning of September 2013.

The purchase index dipped 4% from the previous week after recording a slight fall in the last update.

Overall, the refinance share of mortgage activity fell again and now represents 63% of all applications filed, down from 66% a week ago.

The 30-year, fixed-rate mortgage with a conforming loan limit increased to 4.51% from 4.48%, while the 30-year, FRM with a jumbo loan balance edged up to 4.49% from 4.48%.

Furthermore, the 30-year, FHA rate escalated to 4.17% from 4.14%, and the 15-year FRM rose from 3.52% last week to 3.56%.

Meanwhile, the average contract interest rate for a 5/1 ARM fell to 3.09% from 3.18%.

 

 

http://www.housingwire.com/articles/28188-mortgage-applications-drop-128

US Home Values Fall for Second Straight Month in October | Bedford Corners NY Homes

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National home values fell in October from September, according to the October Zillow Real Estate Market Reports, the second month in a row of falling home values and the first consecutive monthly declines since the market hit bottom in October 2011. The U.S. Zillow Home Value Index was $162,800 in October, down 0.1 percent from September.

Half of the 388 metros covered experienced monthly home value depreciation in October from September. Among the 30 largest metro areas covered by Zillow, 10 exhibited monthly depreciation in October, and two more were flat.

Home values nationwide rose 5.2 percent year-over-year, a much slower pace than annual appreciation rates in the 7 percent range experienced over the summer, and further proof that the market has begun to cool off after months of unsustainable appreciation. For the 12-month period from October 2013 to October 2014, national home values are expected to rise just 2.7 percent, roughly half the current pace, according to the Zillow Home Value Forecast. Seven of the top 30 metros covered by Zillow are expected to see home values fall over the next year, with the biggest declines in St. Louis (-1.5 percent), Philadelphia (-0.9 percent) and New York (-0.7 percent).

“The months-long period of annual home value appreciation rates in the 6 and 7 percent range was great while it lasted, but we knew it would not continue indefinitely. The slowdown we’ve seen these past few months was expected and is largely welcome news for a market still struggling to find its natural balance,” said Zillow Chief Economist Dr. Stan Humphries.  “The conditions that led to the robust appreciation experienced earlier this year, including historically low mortgage interest rates, high affordability, low inventory and high demand, are waning. In their place, we’re beginning to see more inventory and rising mortgage rates, which will lead to further normalization in the market going forward.”

National rents rose in October from September, up 0.2 percent to a Zillow Rent Index of $1,300. Year-over-year, national rents were up 2.3 percent in October.

The number of completed foreclosures in October fell to 5.44 homes foreclosed out of every 10,000 homes nationwide, down from 5.5 homes in September. Foreclosure resales represented 8.7 percent of homes sold in the U.S. in October, up 0.5 percentage points from September but down 2.1 percentage points from October 2012.

 

 

 

 

http://www.zillow.com/blog/2013-11-25/us-home-values-fall-for-second-straight-month-in-october/

13 Things to Never Do to a Rental, Courtesy of Arch Digest | Bedford Corners Homes

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Architectural Digest has long been a shiny toy filled with beautiful things, from eclectic Hamptons “farm” houses and slick fashion-y penthouses to Spanish villas overhauled by presidential decorators and Italian castles overhauled by, well, Martyn Lawrence Bullard. All exemplary interior design jobs, all rich people’s renovations projects. For the rest of us, though, the magazine features can very well be read like a primer in how to get sued by one’s landlord—unless, of course, one’s landlord is cool with “tearing down that bitch of a bearing wall” or “completely reconstructing every wall.” Below, a lesson in what not to do with a rental home, courtesy of Arch Digest:

item2.rendition.slideshowWideHorizontal.juul-hansen-06-manhattan-living-room-after.jpgPhoto by Thomas Loof/Architectural Digest

13. ↑ “In the face of runaway extravagance, she addresses her designer’s concern over a blocked view with an imperious directive: ‘Tear down that bitch of a bearing wall and put a window where it ought to be!’ [Link]

12. Despite the potential nightmare of redistributing the column’s load, his response was categorical: Take it down.” [Link]

11. “Sheltered beneath a vibrantly gabled slate roof, the home has the same footprint as the original, but the amount of living space was dramatically expanded after the interior was reconfigured.” [Link]

10. “Ceilings were raised to ten and a half feet, as Candice requested, revealing awkwardly placed structural beams that Reger cleverly blended into handsomely configured coffers. Doors were heightened and aligned with windows, so natural light could flow deep into the rooms.” [Link]

9. “She jettisoned the living room’s 18th-century-style marble mantel in favor of a custom-made limestone replacement with an Art Moderne profile.” [Link]

8. “Len handled all of the architecture, completely reconstructing every wall and customizing every surface. Most dramatically, he dismantled the exterior walls and inserted a series of nine pairs of steel-framed glass doors that reveal the sweeping skyline and bring a metropolitan immediacy into the apartment.” [Link]

7. “By relocating the openings between rooms, circulation was enhanced.” [Link]

cn_image.size.francis-sultana-01-drawing-room-h670.jpgPhoto by Luke White/Architectural Digest

6. ↑ “The designers brightened this once-gloomy space by ripping out dark paneling, painting the walls white, and installing a splendid light fixture that runs the length of the room.” [Link]

5. “Upstairs, Sultana and Croft had the task of converting two palatial salons into snug bedrooms. Their solution was to construct enclosed chambers inside each space—rooms within rooms. In the master suite, they broke up the wide expanse by building a capsule containing a bathroom in the area behind the bed.” [Link]

cn_image.size.steven-harris-02-living-room-h670.jpgPhoto by Scott Frances/Architectural Digest

4. ↑ “One segment of the glass wall is an immense 18 feet long by 9.5 feet tall. ‘It arrived from Canada on the last possible day we could close the street and hoist it into place with a crane,’ Harris recalls. And of course, he adds, ‘it ended up being the windiest day of the year.'” [Link]

3. “The only solution was a radical one—demolish the interiors and rebuild them from scratch, adding a level for extra space.” [Link]

2. “Fulfilling an important client directive, she combined three poky cooking and pantry areas into a single expansive kitchen. It now features two islands, green-painted cabinets (some with copper-mesh fronts), and a fluted hood. To accentuate the Spanish character, she incorporated dark-stained Douglas-fir ceiling beams, a strategy also employed in the main hallway.” [Link]

1. “Working within the existing footprint, the designer reconfigured the master suite to provide separate his-and-her studies—the latter embellished with a trellis mural by Valle.” [Link]

· All Architectural Digest coverage [Curbed National] · All Renters Week 2013 posts [Curbed National]