In World’s Best-Run Economy, Home Prices Just Keep Falling — Because That’s What Home Prices Are Supposed To Do | Mt Kisco Homes
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Mount Kisco Yeshiva Founder To Receive State Medal Of Honor | Mt Kisco Realtor
Before Rabbi Michael Weissmandl founded the Nitra Yeshiva in Mount Kisco in 1948, he was a hero to hundreds of Slovakian and Hungarian Jews he helped escape, or delay deportation during World War II.
The New York State Legislature plans to present a posthumous state Medal of Honor to Weissmandl for his rescue efforts, which involved paying a ransom to those in charge of deportation, organizing underground bunkers and shelters and writing the “Auschwitz Protocols,” which alerted the international community to the genocide taking place under the Nazi regime
http://mtkisco.dailyvoice.com/news/mount-kisco-yeshiva-founder-receive-state-medal-honor
Case-Shiller: Home prices dipped in November | Mt Kisco NY Real Estate
Home prices in November fell slightly for the first time since November 2012, as the combination of price gains earlier in 2013 and higher mortgage rates caused prices to reach a plateau, according to a leading index of housing-market activity.
The Standard & Poor’s Case-Shiller index of home prices in 20 top cities fell 0.1% in November. A separate 10-city index also fell by 0.1%, Standard & Poor’s/Dow Jones Indices said in a statement. The 20-city index showed prices 13.8% higher than a year earlier, while the 10-city index rose 13.7%.
The company said the dip is not a reversal of the housing recovery. Prices typically dip in November and this performance was the best for any November since 2005. Seasonally adjusted, prices rose 0.9% in November.
“Beginning June 2012, we saw a steady rise in year-over-year increases, (and) November continued that trend,” said David Blitzer, head of the index committee at S&P/Dow Jones Indices. “The Sun Belt continues to push ahead with Atlanta, Las Vegas, Los Angeles, Miami, Phoenix, San Diego, San Francisco and Tampa taking eight of the top nine spots.”
Home prices are still rising despite last May’s jump in mortgage interest rates, Blitzer said. Mortgage applications for purchase were up in recent weeks, confirming home builders’ optimism shown in surveys by the National Association of Home Builders, he added.
http://www.usatoday.com/story/money/business/2014/01/28/case-shiller-housing/4957633/
The cure to zombie foreclosures | Mt Kisco Real Estate
From 2008 to 2010, 8.7% of foreclosures filed in Cook County, Illinois, were zombie foreclosures, accruing to more than 5,800 zombie properties in the city of Chicago. But this is just the beginning.
According to a recent report from the Woodstock Institute, if the trend continues, there will be an additional 7,200 zombie properties in Cook County, including nearly 3,200 in the city of Chicago, by 2015.
“Zombie properties will make it harder for Cook County to recover fully from the housing crisis, especially in the neighborhoods where they are concentrated,” Spencer Cowan, vice president of Woodstock Institute, said.
“Zombies introduce an element of uncertainty that poses barriers to returning homes to productive use or finding creative ways to deal with blighted properties,” Cowan said.
When the foreclosure crisis hit Cook County, it reported 217,035 foreclosure filings and 89,327 properties sold at auction between 2008 and 2012.
And the county felt each one.
Since a zombie property is a foreclosure that has not been resolved for more than three years, usually because neither the borrower nor servicer has a strong incentive to assume responsibility, the houses are likely to be poorly maintained or blighted, which in turn threatens the stability of surrounding communities.
http://www.housingwire.com/articles/28743-the-cure-to-zombie-foreclosures
Real estate agents’ body language and speech can cost them business | Mt Kisco Realtor
London Property-Market Cools After 2013 Surge | Mt Kisco Homes
8 Mobile Apps You’ll Wish You Downloaded Yesterday | Mt Kisco Real Estate
You know that panicked feeling you get when your mobile device isn’t immediately nearby? Yeah, this post isn’t going to help that at all.
It will, however, give you a handful of useful business apps to further extend that digital Swiss Army knife of yours. Continue reading
Colorado agent launches marijuana-friendly marketing campaign | Mt Kisco Real Estate
On Jan. 1, Bob Costello, an agent with the Brokers Guild brokerage in Denver, launched his “420 Friendly Realty Broker” campaign to capitalize on Colorado’s new 2014 law that allows adults over the age of 21 to purchase recreational marijuana legally in the state.
“I’ve had about 30 calls about this, and for a real estate broker, it’s great — you want a lot of leads,” Costello told the Huffington Post.
Costello offers prospective clients who might want to grow pot insight into what type of homes they should be looking for.
“First of all, you want to be in a marijuana-friendly city like Denver, Edgewater, Wheat Ridge or Pueblo,” Costello told the Post. “You probably also want to get a house that’s not too close to a school, maybe not too close to something controversial.”
Source: Huffington Post
– See more at: http://www.inman.com/wire/colorado-agents-2014-marijuana-friendly-marketing-campaign-seeing-early-returns/?utm_source=20140110&utm_medium=email&utm_campaign=dailyheadlinesam#sthash.CVrTCTBy.dpuf