Bedford NY Real Estate | Robert Paul Talks Life in Bedford NY

Just as the volume of concern that the recovery would be short-lived was growing, Case-Shiller reported double digit price increases in all three of its composites, which posted their highest returns in seven years Prices increased in the 10-City and 20-City Composites by 10.3 percent and 10.9 percent in the year to March with the national composite rising by 10.2 percent. All 20 cities posted positive year-over-year growth. In the first quarter of 2013, the national composite rose by 1.2 percent. On a monthly basis, the 10- and 20-City Composites both posted increases of 1.4 percent. As of March 2013, average home prices across the United States are back to their late 2003 levels for both the 10-City and 20- City Composites. Measured from their June/July 2006 peaks, the peak-to-current decline for both Composites is approximately 28-29 percent. The recovery from the March 2012 lows is 10.3 percent and 10.9 percent for the 10- and 20-City Composites, respectively. “Home prices...

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Armonk NY Real Estate   |    RobReportBlog 63   homes available $1,450,000   median price $14,995,000   high price $469,000   low price $412  average price per foot 205  average DOM 5009  average size     Armonk NY Homes Armonk Luxury Homes    

Lured by low mortgage rates, many homeowners have been rushing to refinance . Interest is gaining for good reason: Eligible borrowers can lock in rates that haven't been this attractive in decades. "With interest rates hovering around 5% for conforming loan amounts, homeowners should begin to seriously consider refinancing into a new fixed-rate mortgage, especially if they currently have an adjustable-rate mortgage," said Lisa Weaver, president of Columbia, Mo.-based Certitude Financial Group. And don't drag your feet, either, she said. Rates on jumbo mortgages are still high, she said, but the national average rate on a 30-year fixed-rate conforming mortgage is the lowest in at least 37 years, according to Freddie Mac. The conforming loan limit in 2009 is $417,000 for most areas of the continental U.S. , although in designated high-cost markets it will be up to $625,500. Given the volatility in the mortgage market this year, Greg Gwizdz, national retail sa...