Tag Archives: Westchester Real Estate for Sale

Housing inventory shortage lifts prices | Katonah NY Real Estate

The home value forecast from Pro Teck Valuation Services reveals the impact low housing inventory has on home prices, which it calls the sold-to-list price ratio. 

In the May update, the Honolulu, Tucson, San Francisco and Chicago metro areas are highlighted to determine how the indicator has been useful from a historical perspective as well as in current market conditions to best predict home price appreciation in markets. 

“While many were predicting that REO and the ‘shadow inventory’ would keep real estate markets depressed, in reality the shortage of housing inventory has lead buyers to bid more competitively against one another leading to significant home price increases and tighter housing conditions,” said Tom O’Grady, CEO of Pro Teck Valuation Services. 

The sold-to-list price ratio typically fluctuates between 92% and 98%, but can exceed 100% in very hot markets, according to the authors of the home value forecast. 

“The sold-to-listed price ratio has historically lead home prices by approximately six months over the past three real estate cycles and its turning points have been excellent signals for the same in condo prices,” added O’Grady. 

The May home value forecast update also provides a listing of the top-10 best and worst performing metros as ranked by its market condition ranking model. Sales/listing activity and prices, months of remaining inventory, days on market, sold-to-list price ratio and foreclosure and REO activity are all indicators of the best and worst markets.

“Two of the top markets this month are in Nevada (Las Vegas-Paradise and Reno-Sparks), both of which had been very distressed since their respective market peaks in 2005 and 2006. Also, California continues to be well represented on the list by Los Angeles, Oakland, and Sacramento metros,” said Michael Sklarz, principal of collateral analytics and contributing author to Home Value Forecast.

Sklarz added, “Nashville’s metro area is a new entrant this month. Although the market has a more shallow correction than many of the other markets in the recent recession, it appears to be experiencing improving overall economic conditions and one of the most affordable markets in the U.S. now.”

“The bottom ranked metros also represent an interesting mix around the U.S. While all have nine to thirteen Months of Remaining Inventory, many of the indicators are showing positive trends even for the bottom metros area this month,” added Sklarz.

 

Housing inventory shortage lifts prices | HousingWire.

Top housing markets for the next five years | Bedford Hills Real Estate

 

Business Insider drew on the latest data to identify the best housing markets for the next five years. The top 15 cities are ranked by the projected annualized change in home prices between Q4 2012 and Q4 2017.

Business Insider also included the median home price, median household income, unemployment rate, and the change in home prices since their peak, to offer a broader view of the local economy and housing market.

Click here to visit Business Insider’s list of top housing markets.

Top housing markets for the next five years | HousingWire.

Home values rise 5% for sixth consecutive month | Bedford Real Estate

For the sixth straight month, home value appreciation was at or exceeded 5%, according to data from Zillow. More specifically, home values rose in April to $158,300. 

Home values jumped 5.2% over year ago levels, Zillow ($59.41 0%)reported, reaching their highest level since June 2004.

A majority of the 365 metros — 55% to be exact — experienced home value appreciation in April from March. Sacramento saw the largest monthly increase, with home values jumping 3.4%. Las Vegas and San Francisco also reported monthly increases of 3% and 2.8%, respectively. 

Looking forward, home values from April 2013 through April 2014 are predicted to rise 4% to approximately $164,648, according to Zillow. This is a drop from the 5.2% annual rate of appreciation reported between April 2012 and April 2013 and indicates a shift in supply and demand in some of the hardest-hit markets. 

“April marks the sixth straight month of annual home value appreciation of 5% or above, the longest such streak since the height of the bubble in 2006. In the short-term, this has been welcome news for homeowners. But in the long-term, this cannot be sustained, and consumers entering the market today should not expect this kind of appreciation to last,” said Zillow Chief Economist Stan Humphries. 

Humphries added, “Overall, we expect home value appreciation to moderate as more supply comes on line over the next year, but in some areas, runaway home value appreciation, combined with expected interest rate hikes in coming years, runs a real risk of pricing out many potential buyers. Home values in these areas will have to flatten or even fall to come back in line.”

Chicago was the only metro that did not experience year-over-year home value increases. More than half of the 30 largest metros covered saw double-digit percentage increases.­

 

 

Home values rise 5% for sixth consecutive month | HousingWire.

Lenders prep for increase in millennial housing demand | Katonah Real Estate

The pent-up demand for the millennial generation to buy houses is starting to surface, according to a report from Rob Chrisman.

Millennials, which range from 18 to 34, have put off buying houses due to the recession, high unemployment and student loan debt.

In the report, Chrisman explained that a lot of lenders are prepping for the upcoming demand.

Hamilton Group Funding, a Florida based mortgage banker, is continuing its aggressive expansion plans in multiple states, seeking to acquire mortgage firms or branches with $50 to $250 million in annual residential production, Chrisman said.

In addition, Chrisman noted that First Guaranty Mortgage Corporation is growing its retail division, adding loan officers and operational staff in New Jersey.  

Millennials are 90 million strong according to Chrisman, and as the demand increases, the industry will have to prepare itself to meet the surge. 

 

 

Lenders prep for increase in millennial housing demand | HousingWire.

Westchester May See Traffic, Transit Delays After Metro-North Crash | Armonk Real Estate

Westchester residents can expect chaos on highways and rail lines for at least the next week as crews continue to repair damage caused by Friday evening’s train collision in Fairfield County, Connecticut Gov. Dannel Malloy said Sunday evening.

“There are going to be substantial delays until we get this line back in full service,” Malloy said in a press conference. “Residents should plan for a week’s worth of disruptions. The delays will not be limited to mass transit, as more people get behind the wheel to drive and make their own connections.”

Metro-North warned customers that travel times will be significantly longer and trains will be crowded Monday. Customers should stagger their work schedule or seek alternative means of travel to get to work, Metro-North said.

About 30,000 train commuters are affected by the break in train travel in the Bridgeport-Fairfield area, Malloy said. Those commuters are expected to hit train stations in lower Fairfield County or Westchester County or to travel via Interstate 95 and the parkways to get to work or elsewhere Monday morning.

Connecticut will have 150 buses on the highways as train shuttles, in addition to the normal rush-hour traffic. Malloy also noted that the weather is expected to be wet Monday morning, causing more potential problems.

“If all of those were to get on the highway in single-occupancy cars, we will literally have a parking lot,” Malloy said.

 

Westchester May See Traffic, Transit Delays After Metro-North Crash | The Bedford Daily Voice.

Polo-Playing Prince Harry Takes Greenwich By Storm | Chappaqua Real Estate

Prince Harry and his teammates hold up the trophy after winning the Sentebale Royal Salute Polo Cup at the Greenwich Polo Club. Photo Credit: Synergy

GREENWICH, Conn. — Prince Harry saved the best for last by scoring the winning goal Wednesday in his charity polo match in Greenwich and celebrating a successful whirlwind weeklong visit to the United States.

Harry played on the winning side of the Sentebale Royal Salute Polo Cup at the Greenwich Polo Club and raised more than $1 million for his charity, Sentebale.

“It is wonderful to be here at Greenwich Polo Club in Connecticut for the Sentebale Royal Salute Polo Cup 2013,” Prince Harry said. “The success of our three previous polo events has helped Sentebale make a real difference to the lives of vulnerable children in Lesotho, the Mountain Kingdom of southern Africa.”

He founded the charity with Prince Seeiso from the Lesotho Royal family in response to the plight of the neediest and most vulnerable of Lesotho’s people, many of whom are victims of extreme poverty and Lesotho’s HIV/AIDs epidemic. Sentebale — which means “forget me not” in the African language of Sesotho — was started in 2006 in memory of the two men’s mothers.

 

 

Polo-Playing Prince Harry Takes Greenwich By Storm | The Bedford Daily Voice.

How to Network Using LinkedIn Groups | Katonah Real Estate

Are you a member of a LinkedIn Group?

Do you spend time networking in LinkedIn Groups?

LinkedIn Groups are great way to build credibility and make new connectionsthat can ultimately help grow your business.

With over 1.5 million LinkedIn Groups, it can be difficult to find relevant Groups and determine which ones might be the best for you to join. It’s also important to find Groups that are well-managed.

Unfortunately there are many LinkedIn Groups that are not well-managed, which makes the experience within these Groups less than optimal.

linkedin groups directory

You are sure to find a LinkedIn Group of interest to you.

Not to worry, I’m going to give you some insights on how to find the quality groups you can leverage most for your LinkedIn strategy!

How many groups should you join?

You can join up to 50 LinkedIn Groups. However, it’s difficult to gain traction in 50 Groups as well as find the time to participate in that many.

I recommend that you go ahead and join up to 50 Groups, but select 5-10 Groups to spend your time on in order to get the most benefit out of your participation.

Below are 5 tips for maximizing your LinkedIn Groups experience.

#1: Use LinkedIn Search to Find Relevant Groups to Join

In case you haven’t noticed, LinkedIn search has been significantly enhanced. This includes the ability to search for relevant Groups (based on your network) andsearch for discussion topics within open Groups!

search for discussion topics

Now you can search for discussion topics within “open” LinkedIn Groups.

To start, search for Groups using keywords that would be a natural fit for you, based on your geographic location, industry, prospects, education history, community/charity organizations, hobbies and interests.

Try searching LinkedIn Groups with the keywords that actually describe your natural affinities. For example, type in the name of the college you attended to find potential alumni groups that exist on LinkedIn.

You can also take advantage of Boolean search operators for smarter searches on LinkedIn. I recently discovered this Tip Sheet on Boolean Search from LinkedIn Corporate Solutions.

To locate a LinkedIn Group that was in my geographic location and my industry, I searched LinkedIn Groups using the Boolean Search Operator “AND” for the keywords social media AND Dallas.

LinkedIn showed me 25 results for Groups based in Dallas AND focused on social media!

boolean search operators

Get more specific with your Group searches using Boolean search operators.

Another interesting finding was when I typed the word “hiking” into LinkedIn Group search. I found a group with over 1000 members who share this passion. There is no better way to start relationships than connecting around a common passion or interest!

hiking group

Search for LinkedIn Groups using your passions, hobbies and interests as keywords.

For each LinkedIn Group displayed in search results, you have the option to view members in your network who belong to the Group, as well as “similar Groups.”

network group members

See which of your connections are members of Groups and find similar Groups.

You can even reach out to your LinkedIn connections and ask them what they think about the Groups that they belong to. This gives you a solid reason to reach out and connect with your network.

LinkedIn Group search is extremely powerful to discover the right Groups to join!

#2: Review the “Groups You May Like” Suggestions From LinkedIn

The easiest way to navigate to the Groups You May Like feature is through your navigation menu bar under Groups. There you will see these options. (The Groups Directory option is the primary search area for LinkedIn Groups.)

group info

The Groups You May Like feature.

When you click on the Groups You May Like feature, LinkedIn will list suggested Groups for you to check out, based on your network connections, profile information, skills and expertise and existing Group memberships. You may also notice some Groups (or subgroups) on this list that you already belong to.

 

 

How to Network Using LinkedIn Groups | Social Media Examiner.

6 Tips to Grow Your Twitter Followers | Jeffbullas’s Blog | Chappaqua Realtor Reading


Twitter has been my number one social media platform for quite a long time. That was actually the first social network I embraced after I started my blog.

6 Tips to Grow Your Twitter Followers

Over the course of more than two years I dedicated a lot of my free time to not only expanding my Twitter network but to also to actually engage with  people who cared about what I shared and who enjoyed my content.

As much as you’d like to say that quantity doesn’t matter, well, it does.

The more people I “persuade” to follow me, the more visitors my blog ends up receiving. The traffic Twitter brings me is now significant with 5,500 visitors a month coming from the 140 character social network.

If you’d like to increase your Twitter traffic the way I did, here are six of the most effective ways to get more quality Twitter followers that I have discovered.

Anyway, let’s get started:

1. Start with the profile picture

When someone lands on your profile, the first thing to catch their eye is your profile picture.

Especially now with the new profiles, where the photo is at the center of the header, it can really give people a hint of whether or not they should click ‘follow’.

Twitter profile

So, when it comes to choosing a suitable avatar, there are three golden rules:

1. Make sure it’s a photo of “you”

When you follow someone you expect them to be a real person. And unfortunately when it comes to Twitter, there are literally millions of fake accounts. That is why you have to make sure to add a real photo and not one you found on the internet for instance. Additionally if you are a business then you are far better off creating an additional Twitter account instead of putting a business logo on your personal profile just to promote your business.

2. Make sure it’s big enough

A lot of people tend to click on the avatar to see a person’s profile picture in a bigger size. There are a lot of folks out there however, whose photo is just as big as the size of the frame. What I’d advice you is to re-size your photo to say 300 by 300 pixels, so that it actually becomes bigger once someone clicks on it. A small, blurry and pixellated picture says that you don’t pay attention to the small details and that isn’t a good start.

3. Make sure your face is recognizable

What many Twitter users do is to simply upload a picture of them in full-size. Consider how small the avatar is, if you put a whole-body picture, then end result will be hard to distinguish. So absolutely make sure that the photo is only of your upper-body.

2. Don’t forget about hashtags

Hashtags are kinda like when you use a specific keyword within an article to make it rank higher in the search engines. When you use them, you are targeting your tweet to the people using the words you’ve included in your hashtags.

Twitter hashtag

I used to have a problem with hashtags. In my eyes they just didn’t look good and were making some of the tweets look quite unreadable.

But you know what?

Hashtags aren’t the problem. Using them is a great way to guarantee your message gains more exposure with the right people.

The problem is how you use them.

The 3 “Don’ts” of Hashtags

1. Don’t include too many

Let’s assume you are sharing an article of yours on Twitter and decide to add some hashtags to improve its visibility. Since the title is short and doesn’t take much of your 160 characters limit, you decide to include five hashtags. Is that a good move? No. It just looks spammy… And no one likes that kind of obvious self-promotion. I’d say two or three hastags at most.

2. Don’t be too specific

Twitter unlike Google doesn’t have a huge search volume. This basically means that you can get your message seen even if you use a broader term. On the other hand if you are too specific, probably no one is going to see your tweet via Twitter search. I’ve found that including more general terms like #Marketing,#SocialMedia#Blogging or #Design results in the most retweets and favorites.

 

 

6 Tips to Grow Your Twitter Followers | Jeffbullas’s Blog.

Hong Kong Home Prices at Record Gap to Sales | South Salem Real Estate

Bloomberg

The gap between Hong Kong home prices and sales is the widest on record as new taxes, rising supply and the prospect of higher mortgage costs deter buyers in the world’s most expensive housing market.

Residential buildings stand in the Mid-levels area of Hong Kong. Photographer: Lam Yik Fei/Bloomberg

The CHART OF THE DAY tracks Centaline Property Agency Ltd.’s weekly index of home prices against monthly sales of residential units, according to data compiled by Bloomberg dating back to 1996. Prices have fallen 4.2 percent from a record reached in mid-March, compared with a 77 percent contraction in sales from their post-global financial crisis peak in 2010. The lower panel shows the U.S. benchmark interest rate compared with America’s unemployment rate.

The Hong Kong dollar’s peg to the U.S. counterpart has kept borrowing costs in the city at near-record lows, underpinning a 109 percent gain in home prices since the beginning of 2009, even as the government imposed several property curbs to cool demand. The city’s housing market got an additional boost in January 2012 when the U.S. Federal Reserve pledged to keep interest rates low through at least late-2014.

“When people were expecting prices to rise, as they had been over the last couple of years, none of the government’s measures could deter buyers because borrowing costs were low,” said David Ng, an analyst at Macquarie Securities Ltd. in Hong Kong. “Now, the opposite is happening.”

Since 2010, Hong Kong has charged an extra tax of up to 20 percent of the value of homes on buyers who resell them within three years and raised the minimum down-payment on mortgages for homes costing more than HK$7 million ($902,000). In October, Chief Executive Leung Chun-ying imposed an extra 15 percent tax on all home purchases by companies and non-residents, and promised to raise land supply

 

 

Hong Kong Home Prices at Record Gap to Sales – Bloomberg.

Angie’s List breaks 2 million paid user mark | Katonah Real Estate

Review service Angie’s List announced today that it has doubled its customer base over the past 18 months and that the total number of households that pay to use the site surpassed 2 million over the weekend.

“Realizing such momentum in membership growth is truly a testament to our commitment to help consumers find the best local service providers,” said Angie Hicks, a co-founder of the company, in a statement. “Our members drive Angie’s List.”

Angie’s List, which helps consumers find many types of professionals including real estate agentsappraisers, and mortgage brokers, topped the 2 million mark on Sunday, and passed the 1 million mark in October of 2011, the company said.

“It took us more than 16 years to get to one million paid households but just 18 months to double it,” Hicks said.

Angie’s List claims to offer more reliable reviews than other sites by strictly enforcing rules designed to guard against fake ones.

Users can post reviews of home services providers inluding handymen, remodelers, roofers, electricians, painters, and heating, ventilation and air conditioning (HVAC) contractors.

 

 

 

Angie’s List breaks 2 million paid user mark | Inman News.