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Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor » Blog Archive » Late Summer Sales Keep September Prices Hot | Lewisboro NY Real Estate

As mortgage rates creep up and stringent lending standards continue to make it difficult for many homebuyers to get loans, all-cash deals are accounting for more and more home sales completed in the U.S. RealtyTrac data released today shows that 40 percent of all home sales in July — including single-family homes, co-ops, condos and townhomes — were made without a loan being recorded, up from 35 percent in June and 31 percent in July 2012. A Goldman Sachs Group report released this month estimated that more than half of home sales during the last year and a half were all-cash deals. Organization Estimated percentage of deals that were all-cash in July 2012 Estimated percentage of deals that were all-cash in July 2013 RealtyTrac 31% 40% Goldman Sachs Group 50-plus% 55-plus% National Association of Realtors 27%* 31%* Sources: RealtyTrac, Goldman Sachs Group (PDF), National Association of Realtors *Existing-home sales Goldman Sachs analysts compared home sales data fro...

SATURDAY, JAN. 29 Target Picture Story Saturday, 10:30 to 11:30,  Katonah Museum of Art, 134 Jay St., Katonah. Children of all ages and family members are invited to listen to stories followed by a hands-on art activity with local pediatrician Dr. Kathy Purvis. 232-9555. Katonahmuseum.org. Winter Wolves, 11 a.m., Wolf Conservation Center, 7 Buck Run, South Salem. Visit Ambassador wolves Kaila and Atka and learn about the mythology, biology and ecology of wolves in North America. Also a visit with the critically endangered red wolves and Mexican gray wolves. Best program for first time visitors. Enjoy hot beverages. Dress for cold weather. Space limited. $15/adults; $12/children under 12. Pre-registration required. 763-2373. NYWolf.org. SUNDAY, JAN. 30 BAS Excursion to Pelham Bay Park, Bronx, 8-noon, Carpool from Bylane Farm, 35 Todd Rd., Katonah. Join Adam Zorn and Birder Peter Becker at Pelham Bay Park which features an impressive number of waterfowl, landbirds, monk parakeets ...

MORTGAGE rates in 2010 were the lowest in six decades, but a recent and sustained increase may indicate that consumers can expect to pay more in the new year to buy or refinance a home. After hitting rock bottom in mid-November, fixed rates for 30-year mortgages, the most common type of home loan , have steadily risen. With this year’s historically low rates, “there is a good chance that we have peaked, give or take a few basis points,” said HSH Associates , an independent publisher of mortgage and consumer loan information, in its most recent trends forecast. (One basis point is 0.01 percent.) According to Christopher J. Mayer, a senior vice dean and a professor of real estate, finance and economics at the Columbia University Business School, “The window of low rates could have left us.” By Dec. 16, rates for a 30-year fixed loan rose for the fifth consecutive week, to 4.83 percent, up from 4.17 percent on Nov. 11, according to Freddie Mac , the g...

Taking a look at the Katonah-Lewisboro school district real estate prices over the last ten years we found median prices were rising until their peak in 2007.  In 2008 and 2009 prices dropped.  In 2010 the median price for a Katonah-Lewisboro school district home rose again.   2000          $502,000 2001          $595,000 2002          $647,500 2003          $675,000 2004          $750,000 2005          $749,500 2006          $790,000 2007          $815,000 2008          $730,000 2009          $617,500 2...

  The recovery of housing prices will take at least four more years, according to a monthly survey of 110 leading economists and real estate experts, significantly longer than previously estimated. Housing prices will rise only 7.2 percent by 2014 and the aggregate value of U.S. single-family homes four years from now will be roughly $1 trillion less than the economists projected in May, said Terry Loeb of MacroMarkets, the firm conducting the survey, which is based upon the projected path of the S&P/Case-Shiller U.S. National Home Price Index over the coming five years.  ”For the first time, in this month’s survey, our panelists provided their expectations through 2015. Less than 3% of the panel expects negative change in 2015, and at +3.7 percent, the average of the forecasts for that year is slightly higher than the average annual rate of national home price appreciation that prevailed in the decade prior to the historic bubble.  Yet, at +7.2%,...