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Showing posts from October, 2015

#Gothic #Homes on the market | Bedford Real Estate

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With a cup of tea in hand and her pinky finger alert, Morticia Addams would doubtless approve of these Gothic and  Gothic Revival homes that — like her — are romantic, but with a spooky edge. Charleston, SC 13 Johnson Rd, Charleston, SC For Sale: $5.9 million It’s easy to picture Tish snipping roses on the grounds of this lakefront estate. Built in 2007, its Gothic features meld with modern luxuries such as an outdoor kitchen by the pool, an airy home gym and a spa-like master bath with heated floors and towel-warming drawers. Check out more listings in Charleston . Great Neck, NY Pond Rd, Great Neck, NY For Sale: $100 million What better place to knit like an Addams while contemplating all things creepy and crawly than a gated, eight-acre estate with views of Manhattan? The compound includes 60,000 square feet of Gothic Revival living space, including 35 bathrooms. See more homes for sale in Great Neck . New York, NY 45 Tudor City Pl APT 1818, ...

Boomers Creating Massive Boom in Retrofitting Homes | Bedford Real Estate

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With 78 million baby boomers entering or on the verge of retirement, a concerted national effort is required to adapt homes and communities for the 73 percent of seniors who prefer to age in place, according to a new report released yesterday by the Bipartisan Policy Center (BPC). The preference to grow older in one’s own home and community stems from a desire among many seniors to remain close to family and friends and maintain the social connections that have enriched their lives. They appreciate the familiarity of their own homes as well as that of the local shopping center, the community library, and their place of worship. They want to remain close to doctors, nurses, social workers, and the other professional service providers upon whom they have come to rely, according to research by AARP That’s bad news for the nation’s real estate and housing finance industries, who have been anticipating a flood of transactions from Boomers selling their long-time residences.  But it...

HMDA: Approval Rates Vary by Income and Race | Pound Ridge Real Estate

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The total number of originated mortgages of all types and purposes declined by about 2.7 million, or 31 percent, but in 2014 but home purchase lending increased by about 4 percent. Refinance originations declined by 55 percent, according to the latest Home Mortgage Disclosure Act (HMDA) Data released by the Federal Financial Institutions Examination Council. The 2014 data include information on 9.9 million home loan applications—of which, nearly 6.0 million resulted in loan originations—that’s an approval rate of 62.5 percent for both refinance and purchase originations.  Approval rates for conventional purchase applications as well as government backed loans –FHA, VA and Rural Housing Service— were about 69 percent. In a report on the HMDA data issued yesterday, the Center for Responsible Lending said that despite a number of industry predictions, new data from the HMDA report revealed that Dodd-Frank’s mortgage protections and the Consumer Financial Protection Bureau’s relat...