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

Wouldn’t you know it? There are still buyers wondering if now is the time to buy a home. Now, when inventory is extremely low, mortgage interest rates are starting to rise and home prices have seen huge price jumps in many markets. And yet there are some who believe there may be a price advantage to waiting a few more months, until we get into the fall and even winter season. But more on that in a moment. There’s no question that the real estate market is healthier than it has been in years, but the headlines aren’t quite giving consumers the whole story. While existing home sales, new construction sales and home prices are trending up, they are still below their prerecession peaks, noted Amy Crews Cutts, senior vice president and chief economist for Equifax. Single family housing starts are still down around 60 percent from the prerecession peak, while existing home sales are still down about 38 percent and prices are down roughly 20 percent. “Even with large percentage gains...

Real estate market seeing increase in activity - MiningJournal.net | News, Sports, Jobs, Marquette Information | The Mining Journal

from the top: We have just released the “Elliman Report: Manhattan Sales 4Q 2012,” the leading resource on the state of the Manhattan co-op and condo market.  Our market reports are produced in conjunction with Miller Samuel to provide you and your clients with the most comprehensive and neutral market insight available.  Manhattan closed out 2012 with the most fourth quarter sales in 25 years and the lowest level of inventory in more than a decade. Tax planning in advance of the "fiscal cliff," rising rents, an improving regional economy and record low mortgage rates were some of the key reasons for increased sales in the quarter. Although housing prices remained stable through the year, the shortage of inventory could bring pressure to them in the new year.  We continue to be impressed with the depth and strength of the market and look forward to an active 2013. via trulia.com

New single-family home sales rose in November but to a lower- than- expected rate , a government report showed on Thursday, highlighting the weakness in the housing market even as the broader economic recovery gains momentum.   The Commerce Department said sales increased 5.5 percent to a seasonally adjusted 290,000 unit annual rate after a downwardly revised 275,000 unit pace in October.   Analysts polled by Reuters had forecast new home sales rising to a 300,000 unit pace in November from a previously reported 283,000 unit rate. Compared to November last year, sales were down 21.2 percent.   Housing remains mired in weakness against the backdrop of a 9.8 percent unemployment rate and high foreclosures. Data on Wednesday showed sales of previously owned homes rose last month but remained at depressed levels.   At November's home sales pace, the supply of new homes on the market fell to 8.2 months' worth from 8.8 months' worth in October. There were...