Tag Archives: Katonah Homes for Sale

Katonah Homes for Sale

Homeownership hits lowest level since June 1995 | Katonah Real Estate

Leave a reply

 

The homeownership rate in the first quarter of 2014 is at the lowest since June 1995.

The rate of homeownership at the end of 1Q2014 was 64.8%, which is 0.2 percentage points lower than the first quarter 2013 rate of 65%, according to the U.S. Census Bureau.

The rental vacancy rates inside principle cities, in the suburbs and outside MSA’s were not statistically different from the first quarter 2013 rates.

Anthony Sanders, distinguished professor of real estate finance at George Mason University, says on his blog Confounded Interest, that he knows exactly why.

“Here is the reason why: declining real median household income, declining wage earnings growth, declining mortgage purchase applications,” he says.

 

 

 

read more…

 

 

http://www.housingwire.com/articles/29833-homeownership-hits-lowest-level-since-june-1995

 

This $460,000 West 56th Street One-Bedroom Is … Something | Katonah Real Estate

Leave a reply

 

8 images

Well, there’s definitely a reason (more than one, actually) that this apartment, a one-bedroom co-op in Midtown West asking only $460,000, is so cheap. Let’s start with a quick rundown. Floors: tile throughout. Windows: two in the bedroom, around half of one in the living room. Painted wall murals: most definitely, although their precise location is not entirely clear. Living room curtains framing something that looks like a window but is definitely not a window: yup.

And if this place wasn’t confusing enough, there’s the cryptic brokerbabble: “The reasonably sized living room space can fix anything that you have.” Is the living room magic? If any living room is magic, it could be this living room. (Perhaps more importantly, is it reasonably sized?) There’s also this paragraph about the kitchen: “The special feature of this apartment including marble tiles in the kitchen I’m decorated wall. It was painted by a talented artist.” The identity of the artist, and what exactly he or she painted, remain a mystery, like most everything about this apartment.

 

read more…

http://ny.curbed.com/archives/2014/04/21/this_460000_west_56th_street_onebedroom_is_something.php

13 riskiest cities for natural disasters | Katonah NY Real Estate

Leave a reply

 

Before you can fully enjoy the sunshine of summer, you have to get through the April showers, in addition to any other natural disaster that might come through your neck of the woods.

The weather is a common variable that plays into the success of housing, with this year being no exception.

“During the winter and early spring unusually cold temperatures and frequent, powerful snow and rain storms in various markets and even regions (particularly the Midwest) deterred potential homebuyers and delayed construction activities,” Fitch Ratings said.

Back in January, HousingWire published a list of the top 10 cities to avoid natural disasters, but if you are not fortunate enough to live in one of those weather havens, you still might be well off…unless you live in one of these cities.

 

 

http://www.housingwire.com/articles/29599-riskiest-cities-for-natural-disasters

Sandy Weill Asks $14M For One of His Two Conn. Manses | Katonah Real Estate

Leave a reply

 

9 images

Location: Greenwich, Conn. Price: $14,000,000 The Skinny: Former Citigroup CEO and Extremely Rich Person Sandy Weill has listed one of his Greenwich, Conn., homes for $14M, reports the WSJ, which also notes that he’s keeping his other homes in Sonoma County, the Adironacks, New York City (a unit a few floors down from the 15 Central Park West penthouse he sold in Dec. 2011 for a record-setting $88M), the Bahamas, and his second Connecticut manse (which is right next door to this one). So don’t worry about Sandy Weill going homeless! Somehow he’ll muddle through with just the five remaining homes. The story behind the home is instructive: Weill gave the land to his son, who built a house, and then sold the house back to his dad for $11M, who then briefly listed it for $13M back in 2009. Turns out though, that someone had broken the economy, and suddenly “it was a very bad market,” so Weill pulled the listing…until now. The mansion, which was designed by Ira Grandberg, is described by the brokerabble as having “the noble character, elegance, and grandeur of England’s prestigious country estates,” which, translated, means that it’s “misshapen and top-heavy”. Inside the 16,000-square-foot manse there are six bedrooms, nine bathrooms, a billiards room, and a cupola with views of Long Island Sound.

 

 

http://curbed.com/archives/2014/04/01/sandy-weill-lists-one-of-his-two-greenwich-mansion-for-14m.php

The best cities for first-time home buyers | Katonah Real Estate

Leave a reply

 

In the rush to get in on the bargains of the housing crash, first-time home buyers were largely left out. Investors swarmed the most distressed markets, spreading their cash like fertilizer and pushing home prices up far faster than most expected. In less distressed markets, first-time buyers were still hampered, as the pendulum swung hard from loose lending to too-tight credit.

Now, as the spring season brings more listings to the national market and as investors seem to be pulling back a bit, first-time buyers are testing the water again. Some markets, like San Francisco, will likely be cost-prohibitive , while others, like Philadelphia, could offer easier entry to home ownership.

“First-time home buyers were put at a disadvantage against all-cash buyers, but with interest rates still staying low, with the marketplaces having risen fairly decently, you’re seeing the opportunity where it’s less of an investment for investors but a good opportunity for first-time home buyers,” said Steve Berkowitz, CEO of Move Inc. operator of Realtor.com.

Realtor.com ranked the top 10 markets for first-time buyers, using five factors to judge the best: market popularity, prices, inventory, time on market and employment. Pittsburgh, Tampa, Fla., and Philadelphia , ranked highest, mostly because their prices have not spiked much and their unemployment rates are lower than the national average.

 

 

 

http://homes.yahoo.com/news/best-cities-first-time-home-161200437.html

The best real estate plays in 25 years | Katonah Real Estate

Leave a reply

 

The global real estate market in 2039 will be city-centric, with an increased focus on Asia and other emerging markets, and more investment by the public, according to senior executives at some of the world’s largest investment firms.

The big money sees China, India and other Asian markets as drivers of real estate growth—and investment opportunities.

“Asia will be the future of real estate over the next 25 years,” said Jonathan Gray, who manages about $79 billion for clients as global head of real estate for the Blackstone Group. “The largest investment markets will be in China, India and other countries in the region given their rate of growth. Both public and private real estate markets will be much, much bigger.”

A common criticism of Asian economic growth is the relative disregard for the environment. That concern could be a long term investment opportunity, such as taking advantage of high pollution in China, according to LaSalle Investment Management, a $47.6 billion real estate investment firm.

“Although China will be switching over to renewables by 2039, concerns about unhealthy air will be so intense after two decades of respiratory diseases that they could likely pioneer buildings with filtered air, oxygen supplements and artificial light to replace lost sunlight,” said Jacques Gordon, LaSalle’s head of global research and strategy.

Key to Asia’s rise in real estate will be the increasing importance of its urban centers, a global theme.

 

 

http://www.cnbc.com/id/101473257?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=101473257%7CThe%20best%20real%20estate%20play

The Data You Need to Make a Compelling Case for Inbound Marketing | Katonah Realtor

Leave a reply

 

Whether you’re trying to convince your company that adopting inbound marketing is beneficial for business, or you’re hoping to get budget so you can start using a new inbound marketing platform, getting executive buy-in can be a challenge. In a world where people fear change and constantly try to minimize risk, bold, innovative solutions are often met with skepticism, if not disdain. Continue reading →

Last Year’s Foreclosures Hit Lowest Total Since 2007 | Katonah NY Real Estate

Leave a reply

 

In the past year, the national foreclosure rate declined each month by at least 20 percent from where it had been the year before, according to the CoreLogic Market National Foreclosure Report from December. Additionally, the 12-month sum of completed foreclosures hit its lowest level since 2007.

103583081

The progress is encouraging ? about 837,000 homes in the United States were in a stage of foreclosure in December, down from almost 1.2 million in December 2012 ? but that’s still a lot of homeowners struggling to pay for their homes.

CoreLogic’s report puts the serious delinquency rate among U.S. mortgages at 5 percent in December, its lowest level since November 2008. Quarterly data from Experian-Oliver Wyman Market Intelligence Reports and Experian’s IntelliView tool also show a smaller share of mortgages were delinquent. In the final quarter of 2013, the percentage of mortgages that were more than 90 days past due dropped from the previous year’s and the previous quarter’s levels, the reports said. The delinquency rate declined to 2.52 percent, down from 2.74 percent in the fourth quarter of 2012 and 3.26 percent at the same time in 2011.

?Clearly, 2013 was a transitional year for residential property in the United States,” Anand Nallathambi, president and CEO of CoreLogic, said in the foreclosure report. ”Higher home prices and lower shadow inventory levels, together with a slowly improving economy, are hopeful signals that we are turning a long-awaited corner. The housing market should continue to heal in 2014, but we expect progress to remain very slow.?

Mortgage originations had been increasing year over year since the first quarter of 2012, but that momentum faltered in the third quarter of 2013, when new loans declined by about 110,000 from the previous year, according to Experian. Fourth-quarter data isn’t yet available.

 

http://www.realtor.com/news/last-years-foreclosures-hit-lowest-total-since-2007/