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Katonah NY Real Estate

Renting? Get the Biggest Bang for Your Buck in These Cities | Katonah Real Estate

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Kansas City isn’t just topping charts for its barbecue this summer — it’s also where renters can get the most for their money. According to Zillow’s latest analysis, Kansas City is one of 10 big cities offering the best combination of:

  • Current rental prices
  • Price per square foot
  • Low year-over-year changes in cost of rent
  • Low cost of rent compared with the cost of buying a home

If you’re looking to rent, this could mean the difference between a 2-bedroom with a private patio and a 500-square-foot studio. And for prospective buyers facing the current rise in home values and low for-sale inventory, renting in one of these cities may present an attractive alternative. Here’s a look at homes for rent in the top 10 places where you can get the biggest bang for your buck.

No. 10: Mikwaukee, WI

Milwaukee[1]
1922 N 52nd St, Milwaukee, WI
For rent: $1,500 per month

  • Specs: 1,145 square feet, 2 bedrooms, 1.25 baths
  • Extras: Professional landscaping, outdoor living space, laundry, 2-car detached garage

No. 9: New Orleans, LA

New_Orleans[1]
3109 General Taylor St, New Orleans, LA
For rent: $1,100 per month

  • Specs: 1,094 square feet, 3 bedrooms, 1 bath
  • Extras: Front porch, off-street parking, pets on case-by-case basis, tenant-maintained yard

No. 8: Columbus, OH

Columbus[1]
136 Columbian Ave, Columbus, OH
For rent: $800 per month

  • Specs: 1,232 square feet, 3 bedrooms, 1 bath
  • Extras: 2-car detached garage, proximity to parks and schools

No. 7: Fresno, CA

Fresno
4265 W Princeton Ave, Fresno, CA 
For rent: $945 per month

  • Specs: 972 square feet, 2 bedrooms, 1 bath
  • Extras: Covered patio, 2-car garage, cats allowed

 

Renting? Get the Biggest Bang for Your Buck in These Cities | Zillow Blog.

In Luxury Real Estate, the Rise of the Young Buyer | Katonah Real Estate

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Two years ago, when he was 26, Matt Winter paid a little over $1 million for a four-bedroom, Mediterranean-style house in Culver City, an artsy, formerly industrial section of Los Angeles. This month, the now 28-year-old Mr. Winter, who runs his own interior design firm, paid about $1.7 million for his second home, a three-bedroom, Spanish-revival in Westwood, a neighborhood near UCLA.

 

 

A new generation is skipping the “starter home” and betting heavily on high-end real estate. Lauren Schuker Blum reports on Lunch Break. Photo: Alexia Fodere for The Wall Street Journal.

 

“I have always felt that having your money in property is the safest and best thing to do if you want to grow your personal wealth,” says Mr. Winter, who founded his design company at 23. None of Mr. Winter’s assets are in the stock market—he says the market “spooks him” and that he prefers to invest in real estate.

 

Mr. Winter is part of a growing group of wealthy young buyers who are making inroads in the world of high-end real estate, acquiring properties at prices, and at a pace, that brokers say they have never seen before. Real-estate agents say that young people are buying more expensive homes than previously. They are also more likely to buy several properties, and use one as an investment. Buying real estate has grown more attractive, these young buyers say, compared with the stock market, which appears riskier to a generation that entered the workforce during a market correction.

 

 

In recent years, low interest rates coupled with lower real-estate prices had also made it easier for people in their 20s and early 30s—whom demographers refer to as “Generation Y” or “millennials”—to buy.

 

“In the last two months, half the folks I sold homes to were young entrepreneurial types—and they were all buying homes for over a million dollars,” says Michael Rankin, a managing partner at TTR Sotheby’s International Realty in Washington, D.C. “A few years ago, that kind of buyer was invisible. We had young folks buying starter condos for a few hundred thousand dollars. But this new wave is skipping that step entirely and going right for the high-end home.”

 

 

In Luxury Real Estate, the Rise of the Young Buyer – WSJ.com.

Surprise: Shiller, NAR differ on the MID | Katonah NY Real Estate

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Homeownership has helped Americans who might otherwise be unable to scrape together a nest egg do just that, Yale economics professor Robert Shiller noted in a New York Times editorial over the weekend. But the Swiss do just fine amassing household savings and have a much lower homeownership rate, Shiller noted, arguing that it’s time to take away some of the “enormous subsidy to homeownership” provided by Uncle Sam — such as the mortgage interest deduction.

Not surprisingly, National Association of Realtors Chief Economist Lawrence Yun believes that Shiller has missed some “obvious facts.”The housing crisis, Yun notes, “arose from easy lending,” and “did not happen because of the mortgage interest deduction.” Eliminating the mortgage interest deduction “will result in home price declines of about 15 percent,” Yun claims.

Shiller might be willing to concede some or all of those claims. His main point is less about the role housing subsidies played in creating the conditions that led to the downturn, and more to do with whether there are societal drawbacks to relying so heavily on homeownership as a mechanism for household savings.

There are, Shiller notes, advantages to being a renter in today’s economy. Renters, he says, “are more mobile. That means they are more likely to accept jobs in another city, or even on the other side of a large metropolis.” –

See more at: http://www.inman.com/2013/07/16/surprise-shiller-nar-differ-on-the-mid/#sthash.1HV2fWzB.dpuf

McDonnell invested heavily as housing market tanked | Katonah Real Estate

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Before the wedding gifts, the Rolex, the luxury clothing and the loans, there was the real estate bubble.

Gov. Bob McDonnell invested heavily in real estate in 2005, as property values were still rising, and in 2006 and early 2007, as they began to plummet.

Often with his sisters as partners, McDonnell bought stakes in four residential properties — two in Virginia Beach, one in Henrico County and one at the Wintergreen resort in Nelson County — all purchased for a total of $3.8 million. Today, the properties are assessed at about $3.2 million.

Mortgages on two properties have been refinanced this year, and a slew of activity on the mortgage loans has taken place over the years.

McDonnell’s real estate holdings were thrust to the center of the gubernatorial gift scandal after The Washington Post revealed last week that Jonnie Williams Sr., the donor at the center of the scandal, gave $70,000 to MoBo Real Estate Partners, a limited-liability corporation owned by the governor and his sister. McDonnell’s wife, Maureen G. McDonnell, also received a $50,000 check from Williams. The Post reported that Bob McDonnell viewed the payments as loans rather than gifts.

In his financial disclosures, McDonnell has listed MoBo as owning two Virginia Beach rental properties that make up the bulk of his residential real estate holdings. They bring in $50,001 to $250,000 in gross income a year, according to his disclosure.

A Virginia Beach office building purchased for $3.15 million in 2004 by Racehorse Properties — an entity in which McDonnell has an interest — generates $50,001 to $250,000 in gross income a year. It is unclear how much interest McDonnell has in the building, which houses the law firm where he worked as managing partner before being elected attorney general.

That property has increased in value. It is assessed at $4.65 million.

Real estate prices here and nationwide peaked in mid-2006, leading to the collapse in the housing market.

 

In general, home prices throughout most of Virginia have rebounded to 2005 levels, but not in all cases, real estate experts say. People who bought houses from 2006 to 2008, when prices were unsustainably high, probably owe more than their houses are worth, the experts say.

McDonnell invested heavily as housing market tanked – Richmond Times Dispatch: Henrico.

Jackie Chan’s Former Beverly Hills Home for Sale | Katonah Real Estate

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Everybody is kung-fu fighting for Jackie Chan’s former home — or so the seller hopes.

The action-film star’s former estate, located at 1705 Green Acres Dr, Beverly Hills, CA 90210, lives up to the luxuriously retro vibe that the street seems to emanate. The adjacent “Greenacres” estate, formerly owned by silent film star Harold Lloyd, hosted a number of movie stars over the decades, including Alan Ladd, Mary Pickford and Marilyn Monroe, who filmed a scene from “How to Marry a Millionaire” at the property.

Glamour has never been cheap, so at $9.5 million, the price on Chan’s former home is fitting.

Built in 1986, the 7,638-square-foot, 5-bedroom, 6-bathroom home was owned by Chan for several years until he sold it for $6.3 million in 2005, according to property records. The estate has all the amenities expected in a Beverly Hills mansion including 2 automatic gates, a fountain centering a circular driveway, a grand double-door entry, a high foyer featuring an enamel inlaid chandelier and a professional wet bar with a wine cellar.

The detailed designs displayed throughout the home are spectacular, from the intricate golden staircase to the stained-glass windows in the master bathroom. The nearly $10 million price tag also includes most of the furniture, except personal collections and accessories.

The piano is not included, but no need to fret: The sound system in the spacious family room is there to guide the new owners on whatever musical journey their hearts desire. Entertainment is made easy with a gourmet kitchen and an exterior pool/spa/barbecue area.

Chan is also set to continue entertaining audiences with his lovable humor and famous action moves, with upcoming projects including “The Expendables 3,” “Skiptrace” and “Kung Fu Panda 3″ in the works.

 

Jackie Chan’s Former Beverly Hills Home for Sale | Zillow Blog.

Another ‘bubble’ in housing is unlikely | Katonah Real Estate

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Home sales and prices are increasing so dramatically, many people are wondering if another “bubble” situation might be just around the corner.

 

Most housing industry leaders and economists doubt a housing bubble will resurface in the foreseeable future. Despite double-digit price gains in many markets, the housing outlook is bubble free for now as the sector recovers for the next several years, experts say.

 

Leading off a panel of economists addressing a gathering of journalists, Lawrence Yun, chief economist for the National Association of Realtors, said he expected a multiyear recovery as home price growth lifts more owners out of underwater situations and helps the economy.

 

“Housing wealth is easily offsetting the negative effect of sequestration,” Yun told the National Association of Real Estate Editors. But the normally housing bullish economist tempered his optimism because double-digit increases in home prices are outpacing income growth, it was noted in a Real Trends report.

 

“Any time that happens over a sustained period it is an unhealthy state for the country,” Yun added.

 

The Wall Street Journal posted the following statement in explaining why the market might look as though another bubble might be emerging:

 

“The fact that homes are selling quickly is in large part due to supply and demand. The past five years have seen subdued construction activity and many homes either tied up in foreclosure or ‘underwater’ due to negative home equity, all adding up to constrained supply.”

 

Q: Are mortgage interest rates still rising?

 

A: Yes, they are rising dramatically. The largest weekly increase in more than 26 years was announced by Freddie Mac on June 27. Rates on 30-year, fixed-rate home loans spiked 0.53 percentage points to an average of 4.46 percent during the week.

 

The 30-year loan, which stood at 3.35 percent as recently as early May, is at its highest level since July 2011, it was reported by CNN Money. Rates for 15-year loans, popular with homeowners refinancing their mortgages, jumped 0.46 percentage points to 3.5 percent.

 

An extra percentage point will cost homebuyers with 30-year, fixed-rate mortgages $56 more a month for every $100,000 they borrow, it was noted.

 

Q: Will rising mortgage rates make homes less affordable?

 

A: The steady increase in mortgage rates in recent weeks, coupled with rising home prices, may dampen demand, but the upward movement in rates is not enough to make housing unaffordable to median income earners, according to Freddie Mac’s economic and housing outlook for June.

 

In fact, Freddie’s analysis showed mortgage rates would have to climb to nearly 7 percent before a median priced home is no longer affordable to median income earners in most parts of the country.

 

Another ‘bubble’ in housing is unlikely.

50 Facebook dos & don’ts | Katonah Realtor

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Do stay positive

As a brand strategist, I encourage my clients and authors to stay positive and never criticize, condemn or complain on Facebook. (Dale Carnegie principles) It’s so easy to be misconstrued in a written text, and you can’t always tell when someone is kidding or simply being snarky. (And your audience may not appreciate the snark in the first place.) What could be just a rough day on your part could sound like whining and ingratitude to the casual reader, and over time may form a perception that your personal brand isn’t one you’d be proud of.
– Malena Lott, brand strategist and author, Athena Institute

 

50 Facebook dos & don’ts – Social – Tech – MSN Living.

Peekskill’s Black Bear Gains Fame In…. Texas? | Katonah Real Estate

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Peekskill’s small-townbear got some national attention this week.

The story of a black bear being sighted in the city was picked up by the Houston Chronicle, which relayed the tale of the bear to its Texas readers.

A black bear was spotted in the city Tuesday.

“Peekskill police are in the process of coaxing a nuisance black bear off city streets and into the woods by Depew Park and Blue Mountain,” said Peekskill spokesman Bob Knight in an email Tuesday.

“Residents are asked to keep their garbage covered and pet food inside. If you see a bear, do not approach it and do not surround it.”

Knight later added that the bear was spotted heading away from the city, but cautioned residents not to leave food out to entice the bear to come back.

 

 

Peekskill’s Black Bear Gains Fame In…. Texas? | The Bedford Daily Voice.

Residential real estate market heating up | Katonah Real Estate

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Are you thinking about jumping into the real-estate market, but don’t exactly know what the temperature of the market is right now?

While commercial properties are lagging in value and the ability to rent them, this home, located at 110 Mountain Ave. in Pompton Plains section of Pequannock, listed for $519,000 but sold for $525,000.
While commercial properties are lagging in value and the ability to rent them, this home, located at 110 Mountain Ave. in Pompton Plains section of Pequannock, listed for $519,000 but sold for $525,000.

Those at the Pompton Plains Weichert Realtors office have been gauging the temperature of both the commercial and the residential real-estate market.

“The commercial real-estate market in our service area of Morris and Passaic counties is not recovering at the rate of the residential real-estate market,” explained Aileen Williamson, SRES and Relocation Certified broker/manager of the Pompton Plains Weichert Realtors office.

“Commercial space for sale and for rent is moving at a slow pace. Days on market is an average of 242 days. Price per square foot must be very competitive and ‘location’ is key in order to secure an ‘intent to purchase’ or an ‘intent to lease’ in a short amount of time,” said Williamson.

She continued, “Our office area of expertise includes Pequannock (Pompton Plains), Lincoln Park, Riverdale, Pompton Lakes, Wayne, Wanaque (Haskell), Ringwood, Bloomingdale, lower West Milford, Butler, Kinnelon, and Jefferson. Our service area currently contains approximately $22 million of available commercial property, of which we are seeing a two-year supply.”

But on the flipside, the residential market tells a different story, according to Williamson.

“In all but two towns (of the office’s service area of expertise), we are in varying degrees of a seller’s market, in residential real estate sales: meaning the absorption rate is under five months’ supply. We are seeing our listings receiving multiple offers, which are resulting in full asking price or higher in some cases. Inventory is low and the still very attractive interest rates are starting to rise, which is driving more buyers into the market at this time,” said Williamson.

“The residential real estate market is ‘hot’!” said Williamson. “Buyers realize that now is the time. Savvy buyers realize the need to offer asking price with a willingness to pay over asking price in areas of a ‘seller’s market.’”

Williamson added, “Although prices are edging up, the price of homes in our area can still be considered discounted. Savvy sellers that could not sell in the downturned market are listing their homes slightly below FMV (Fair Market Value) and reaping the rewards of top dollar and over asking sales prices. These closings are just beginning to drive up appraised values in our market area. Appraised value has been a huge concern over the past seven years; this is improving.”

So what would be a good investment for someone trying to get into the market and trying to make a possible profit?

– See more at: http://www.northjersey.com/realestate/214564271_Residential_real_estate_market_heating_up.html#sthash.YeCBg9KH.dpuf

 

Residential real estate market heating up – NorthJersey.com.

3 Business Reasons to Upgrade to LinkedIn Premium | Katonah Realtor

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While there are a number of different types of paid LinkedIn accounts you can choose from (LinkedIn Premium, For Recruiters, For Job Seekers, For Sales Professionals), LinkedIn Premium is the most balanced paid account type that will generally suit most business owners and professionals.

The LinkedIn Premium account has four different levels of membership that you can choose from depending on your budget and needs:

  • Free
  • Business Plus
  • Executive
  • Pro

Here are three of the benefits that may have you wanting to switch from a free account to a LinkedIn Premium account.

#1: Narrow Your Target With Advanced Search

The left section of the Advanced Search is available to all LinkedIn members and includes several fields such as keywords, location and company. In the right-hand section of the Advanced Search are several Premium fields that are valuable because of their ability to help you greatly narrow down and target your searches.

advanced people search

Both paid and free members can use the Relationship, Groups, Location, Current Company, Industry, Past Company, School and Language fields in the Advanced Search.

While several fields (Industries, Groups, Relationship and Current Company) are available to all members, there are eight fields that are available to the different levels of paying members only (all eight fields are available only to the Executive and Pro Premium level members). Premium Members with the Business or Business Plus level membership have access to the following four fields:

  • Company Size—This can be beneficial; for example, for businesses that target small businesses and freelancers (select the 1-10 option), members looking for very large businesses (select the 10,000+ option) or any size in between.

    limit your search

    You can limit your search by company size.

  • Seniority Level—Narrow your search by seniority levels such as VP, manager, senior, owner and partner.

    search seniority level

    Only search for the seniority level or positions that are useful to you.

  • Interested In—Choose from options such as Industry Experts, Entrepreneurs, Potential Employees or Consultants/Contractors to look for specific groups of people.

    quickly search for people

    Quickly search for people like industry experts and entrepreneurs with the Interested In field.

  • Fortune 1000—Search strictly for employees at Fortune 1000 companies. There are a number of options that allow you to select the Fortune 50, Fortune 501-1000 and several choices in between.

    narrow your search

    Narrow your search to Fortune 1000 companies.

For example, you may want to search for facilitators within your local area whom you may not already be connected with but you share a group with. To do this, you would simply type “facilitator” into the Keyword field, select the country, enter your ZIP code or postal code and select within 50 mi (80 km) and finally select Group Members under Relationship.

multiple search fields

Finding the people in whom you are most interested using multiple search fields.

use advanced search

Search results are more relevant using Advanced Search.

Another example would be if you were looking to connect with the Communications VPs of Fortune 50 companies whom you share a connection or group with. For this search, you would type “communications” into the keyword field, select Location Anywhere and then check 2nd Connections and Group Members from Relationship, VP from Seniority Level and Fortune 50 under the Fortune 1000 section.

meet search requirements

Save time prospecting by searching for LinkedIn members who meet your search requirements.

best search results

Get the best search results using Advanced Search.

Finally, Advanced Search allows you to save your searches. Not only will this feature remember your search, it will also send you weekly or monthly notices of any new member profiles that become a part of your network. You can also scan these new profiles from the Saved Search Tab by clicking on the number under New.

As a free member, you can save three searches, while Premium members have the ability to save up to 7 with the additional bonus of 500 profiles showing up in the search results rather than the standard 100 that comes with free membership.

 

3 Business Reasons to Upgrade to LinkedIn Premium | Social Media Examiner.