Tag Archives: bedford ny homes for sale

Declining Prices of U.S. Homebuilder Stocks an Indicator Something Not Right with Housing Market | Bedford NY Homes

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The direction of prices in the housing market has historically been dependent on the direction of mortgage interest rates. If mortgage rates start to increase, it makes homes less affordable for those who want to buy. The math is simple: the higher the mortgage interest rate, the higher the mortgage payment is going to be for the home owner and the more difficult it becomes to keep up with payments—something we learned in the housing market crash of 2007.

Mortgage interest rates are rising, and I believe the U.S. housing market will suffer as a result. Of course, interest rates are nowhere close to what they were in the 1980s, but they are up significantly this year from their lows. The 30-year fixed mortgage rate tracked by Freddie Mac stood at 4.19% this past October. In the same period a year ago, the rate was sitting at 3.38%. (Source: Freddie Mac web site, last accessed November 12, 2013.)

The effects of demand for housing given higher interest rates can be seen in the chart below. The number of new homes sold in the U.S. housing market has been declining since the beginning of the year.

Declining Prices of U.S. Homebuilder Stocks an Indicator Something Not Right with Housing Market image House Sold New One Family Chart1Declining Prices of U.S. Homebuilder Stocks an Indicator Something Not Right with Housing Market Chart courtesy of www.StockCharts.com

In early 2013, the annual rate of new homes sold in the U.S. housing market was close to 460,000 units. This number came in at just 421,000 units in August, down eight percent.

The weakness in the housing market can be seen in the statistics being released by new home builders. For example, D.R. Horton, Inc. (NYSE/DHI), a large U.S. homebuilder, said that in the fourth quarter of its fiscal year 2013 (which ended on September 30) the cancellation rate (that’s the rate of home buyers canceling their purchase contracts) stood at 31%. (Source: D.R. Horton, Inc., November 12, 2013.) Last fiscal quarter, the company’s cancellation rate stood at 24%, and in the second fiscal quarter, it was 19%! The number of people walking away from deals at DR Horton is skyrocketing, and if we checked the rates of other homebuilders, I’m sure we’d see the same trend.

 

 

 

http://smallbusiness.yahoo.com/advisor/declining-prices-u-homebuilder-stocks-indicator-something-not-195035784.html

Corcoran Group CEO Pamela Liebman now on Twitter | Bedford NY Homes

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In what Matthew Shadbolt described as a “HUGE day for Corcoran on Twitter today,” Corcoran Group CEO Pamela Liebman is now on the microblogging site.

Handle: @PamelaBLiebman.

 

 

Source: twitter.com – See more at: http://www.inman.com/wire/corcoran-group-ceo-pamela-liebman-now-on-twitter/#sthash.BqXATIO4.dpuf

JPMorgan settlement gives glimpse into mortgage machine | Bedford Real Estate

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The historic settlement with JPMorgan Chase & Co (JPM) over the bank’s mortgage practices offers a unique look at how the bank packaged and marketed the mortgages it sold as securities, according to The New York Times:

At the heart of the civil settlement, which materialized after months of wrangling, is a statement of facts negotiated with the government that provides details into how JPMorgan assembled mortgage securities sold from 2005 through 2008. While the bank did not admit any violations of law, its decision to approve the statement was one of a few critical concessions it made in order to strike the deal.

The statement shows that as JPMorgan packaged the residential mortgages into complex securities, the bank promised to alert investors to any flaws that might raise questions about the loans, according to the statement.

Of course, the real news about the settlement is that it isn’t really about JPMorgan Chase at all. It’s about the crappy loans sold by Bear Stearns and Washington Mutual:

Many of the mortgage securities included in the settlement are not JPMorgan’s. Instead, they belong to Bear Stearns and Washington Mutual, which JPMorgan bought in 2008.

On a conference call on Tuesday, Marianne Lake, the bank’s chief financial officer, said that roughly 80 percent of the losses at issue in the settlement stem from Bear Stearns.

Bet JPM feels great about those purchases right about now.

 

 

http://www.housingwire.com/articles/28047-jpmorgan-settlement-give-glimpse-into-mortgage-making

Bedford Real Estate weekly report | #RobReportBlog | Bedford NY Homes

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Bedford   NY Weekly Real Estate Report11/20/2013
Homes for sale78
Median Ask Price$1,537,500.00
Low Price$415,000.00
High Price$14,500,000.00
Average Size4701
Average Price/foot$409.00
Average DOM159
Average Ask Price$2,013,776.00

Planting the seeds of brand perception | Bedford NY Real Estate

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I hear this sentence all the time: “I don’t know what a brand is, but I don’t think I need one.” I decided to take this opportunity to try to define the concept of branding to explain why you need a brand.

In a way, it’s like explaining why we need air. So, please hang in there with me, and let me know if what follows makes sense.

How can you recognize a brand? AstonMartin275Raise your hand if you recognize the car in the photo to the left. If you didn’t raise your hand, you know that it’s a sporty-looking car. Just looking at the car, for all you know, it could be a hybrid with a top speed of 60 miles an hour. That could be your perception just from looking at the photo.

If you did raise your hand, you know that you’re looking at an Aston Martin. A 2010 DB9 Volante, to be exact. And, now that the rest of you know it’s an Aston Martin, you probably have quite a different perception of the vehicle.

What do you know about Aston Martins? If you’re a car buff at all, you know that James Bond was fond of Aston Martins. So, does that fact make you feel differently about the car than when you thought it might be a hybrid? Indeed. Why?

Because you now perceive the car to be a hot sports car, capable of making beautiful women swoon, achieving high rates of speed, completing very sharp turns, and, in the hands of  “Q,” launching rockets. And that perception is reinforced by other things you may know if you are a car buff.

 

 

 

 

– See more at: http://www.inman.com/next/planting-the-seeds-of-brand-perception-agents-must-be-the-aston-martins-of-real-estate/#sthash.LBy4fAih.dpuf

Widespread Brush Fire Consumes NY Parkland | Bedford NY Real Estate

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Dozens of acres of woodland are burning in Rockland County as a set of brush fires zigzag their way through a state park, torching trees in their path and sending thick smoke and flames into the sky.

More than 150 firefighters began battling the brush fires in Clausland Mountain State Park in Orangeburg Thursday afternoon. The flames spread quickly with the windy and dry conditions, and were consuming about 50 acres of land by nighttime.

“It’s blowing it all over. It just took off, the wind blew it right up the mountain,” said Orangeburg Fire Chief Cornelius Lynady.

The firefighters had to halt their efforts when the rugged mountain terrain became too steep and the nighttime hours became dangerously dark. They’re expected to resume their work Friday morning, and helicopter units will join in to douse the flames with water.

The flames are not threatening the roughly 100 homes located on perimeter roads, according to officials, though if residents see the fire getting close, are urged to call 911.

 

 

 

http://www.nbcnewyork.com/news/local/Orangeburg-Brush-Fire-Clausland-Mountain-State-Park-Rockland-Flames-Smoke-Trees-Burning-232001351.html

 

 

 

Miami’s “Most Expensive Non-Waterfront” Listing Comes Complete with Gold Marble Bathtub | Bedford Real Estate

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A manse with a hand-painted Trompe l’oiel, stained-glass windows and more than a half-acre of land on La Gorce Island has hit the market for $7.9 million, according to listing agents Danny Hertzberg, his mom Jill Hertzberg and Jill Eber, all of Coldwell Banker. The six-bedroom property at 6650 Roxbury Lane was built in 2002 and also features gold marble baths and TVs embedded in mirrors. (Sadly, there are no photos of the golden tubs.) The listing is described in brokerbabble as Miami’s “most expensive non-waterfront” property, which is an inventive superlative but not one that provides any information on why it’s priced the way it is. Sigh.

· 6650 Roxbury Ln [Trulia]

 

 

 

http://miami.curbed.com/archives/2013/11/11/miamis-priciest-listing-boasts-gold-baths.php

Tasteful Treats In Bedford Adapts Unique Give-Back Approach | Bedford NY Real Estate

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Rose Colonna is the owner of Westchester’s premiere gifting company Tasteful Treats & Treasures located in Bedford.

After multiple requests for one-time donations, together with her daughter, Jennifer Colonna, they have created a program with continued sustainable support for the community, with a new way to give back.

Tasteful Treats & Treasures has implemented a fundraising program to benefit non-profit and charitable organizations.

The “Treats Gives Back” program encourages customers to take advantage of their services when sending a gift across town, nationwide, or even around the world as is the case for their Military Care Package.

Each time a customers places an order, Tasteful Treats will donate a portion of the proceeds to the organization of the customer’s choice by simply choosing one of the organizations from the drop down menu featured on the checkout page of their website www.tastefultreats.com.

 

 

 

http://mtkisco.dailyvoice.com/business/tasteful-treats-bedford-adapts-unique-give-back-approach

Bedford NY Real Estate sales up 31% | Median price down 5% | #RobReportBlog

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Bedford   Village NY Real Estate ReportRobReportBlog
20136 months ending 11/132012
51Sales35up 31%
$897,000.00median sold price$950,000.00down 5%
$412,500.00low sold price$418,500.00
$8,200,000.00high sold price$4,450,000.00
3709average size3874
$303.00ave. price per foot$315.00
202ave days on market193
$1,116,475.00average sold price$1,242,314.00
93.81%ave sold to ask93.91%