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Zillow: Don’t Buy a Home in Hartford! | Waccabuc Real Estate

The folks in Conecticut will be unpleasantly surprised to learn they beat out Vegas and Miami as the riskiest market to buy a home. Zillow set out to look at the markets where housing prices have declined the most over the past 35 years and chained the Zillow Home Value Index (ZHVI) backward in time to 1979 Q4 using the FHFA Home Price Index. For each of the 50 largest housing markets, we analyzed the change in median home values over 117 rolling five-year periods since the end of 1979. The “risk of loss” is the percentage of those periods that created negative returns for homeowners. In the case of ties between markets, those with the bigger drop in their worst years were ranked as riskier. The housing markets with the highest percentage of negative five-year returns are Hartford (37 percent risk of loss), Providence (32 percent), Riverside (31 percent), Boston (30 percent) and Los Angeles (29 percent). The five least risky metro areas by the same metric are Buffalo (0 percent ...

This 240-Square-Foot UWS Studio Has a Crawl-In Library | Waccabuc Real Estate

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Images via Dwell . 4 images <div class="gallery loaded"><a href="http://ny.curbed.com/archives/2014/06/19/this_240squarefoot_uws_studio_has_a_crawlin_library.php"><img src="http://cdn.cstatic.net/images/gridfs/53a305d7f92ea14b8e00438c/micro1.png" width="500" height="333"></a><br /><a href="http://ny.curbed.com/archives/2014/06/19/this_240squarefoot_uws_studio_has_a_crawlin_library.php" style="font-size: 9px; text-align: center;">Click here to view the full photogallery.</a></div> When an architect's client is an anthropology professor who has spent the past 30-some years living between a 240-square-foot New York City studio and a single-room hut in a West African village, where do they start? For Tim Seggerman , it was with the disorderliness and lack of visual simplicity of the rotting Upper West Side brownstone studio he was tasked to renovate. Seggerman...

How to Fight High Property Taxes | Waccabuc Real Estate

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Death and taxes. Benjamin Franklin espoused their certainty, but it’s doubtful even he knew how difficult it would be to avoid the latter – especially property taxes. No matter where you live in the United States, if you own real estate, you must pay property taxes. According to a recent study by Zillow, a U.S. property owner pays an average of around $2,800, or approximately 1.4 percent of their home’s value each year in property taxes. Of course, that “average” figure indicates some homeowners pay more while others pay less. The counties with the highest averages are Westchester County, NY ($14,829 per year); Essex County, NY ($12,051 per year) and Bergen County, NJ ($11,172 per year). Do you know how much you pay in property taxes? Look up your home on Zillow – the information is there on your home details page. Deciphering how property tax rates are set is not easy. There is no single formula used by states and counties to calculate property taxes. In fact, more than 13,5...

4 steps to a supremely effective social media strategy | Waccabuc Realtor

Generating local love — and real business results — from social media is within your reach! Get started with this four-step plan: 1. Shut down your Facebook business page Facebook business pages were once a great marketing tool for small businesses like real estate agents because it was a free way to reach closed and prospective clients. When you post something to your business page today, though, Facebook uses a complex algorithm to decide which of your fans will actually see your posts in their news feeds. In December 2013, Facebook made changes to that algorithm that is increasingly resulting in fewer of your business page fans seeing your posts in the Facebook news feed. The solution? According to an AdAge report, Facebook recommends paying for ads to get your content seen. I recommend considering a different approach. If you have fewer than 100 fans — or rarely receive likes/comments/shares of your Facebook posts, regardless of your fan count — consider retiring your page to f...

De Blasio names new members of rent board | Waccabuc Real Estate

Mayor Bill de Blasio, who has promised a more tenant-friendly administration, appointed five new members to the city board that sets rents for the approximately 1 million apartments across the city that are subject to the Rent Stabilization law. Mr. de Blasio named Sarah Williams Willard as an owners' representative to the Rent Guidelines Board, Cecilia Joza and Steven Flax as public members, and Sheila Garcia as a tenant representative. The mayor also re-appointed current tenants' representative Harvey Epstein to the board. Mr. de Blasio announced the appointments Thursday morning in advance of the board's first public meeting of his administration . Ms. Joza is currently the housing counseling program director at Mutual Housing Association of New York, a not-for-profit housing organization that owns and manages more than 1,200 affordable rental apartments in New York. Mr. Flax is a vice president of community reinvestment at M&T Bank, where he oversees community ...

That'll Be $515K For This Buckminster Fuller Dome Home | Waccabuc Homes

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10 images <div class="gallery loaded"><a href="http://curbed.com/archives/2014/03/20/thatll-be-515k-for-this-buckminster-fuller-dome-home.php"><img src="http://cdn.cstatic.net/images/gridfs/532b491cf92ea13f7901a03b/qyDxpszzujs8dKgOU0NQqu66wIk-Z-5vlTidZXGNa7xGH686615zow-LxB9r-T76g8IvVG7jyhLKbpwGiHtazQ.jpg" width="500" height="281"></a><br /><a href="http://curbed.com/archives/2014/03/20/thatll-be-515k-for-this-buckminster-fuller-dome-home.php" style="font-size: 9px; text-align: center;">Click here to view the full photogallery.</a></div> Last time a geodesic dome designed by American architect, engineer, inventor, and all-around brainiac Buckminster Fuller found its way onto the Curbed radar, it practically reeked of a teardown, and the same can probably be said for other recent dome homes that take after his. Is a Buckster-designed dome that looks...

Dead homeowner keeps paying her mortgage for six years | Waccabuc Real Estate

Sign up for automatic payments and receive a $100 credit. Sign up for automatic payments and never miss a payment again. Sign up for automatic payment and run the risk of no one knowing you died. Yes, direct debit is amazingly convenient, but think about getting to know your neighbors as well. A recent article in USA Today reported a contractor working on a foreclosed home discovered a mummified body — which was believed to be the remains of the homeowner, who had not been seen by neighbors for years — in the attached garage. The body of the woman, who was in her 40s, was tragically discovered Wednesday in the backseat of a Jeep in her garage, the article noted. She is believed to have been dead since 2008. However, since she had $54,000 in her account and her bills were being deducted, she was never suspected to be dead. It was not till the money ran out and the house went into foreclosure that her remains were finally found. For years, no one came and went at th...

Park Slope’s Former Pinkstone (Now Brown) Asks $4.45M – Brooklyn Townhouse Roundup | Waccabuc Homes

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Park Slope’s Former Pinkstone (Now Brown) Asks $4.45M – Brooklyn Townhouse Roundup | Waccabuc Homes | Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor

What home sellers can expect in the market this year | Waccabuc Real Estate

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What home sellers can expect in the market this year | Waccabuc Real Estate | Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor

Easy, Affordable Ways to Spruce Up Your Kitchen | Waccabuc NY Real Estate

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Easy, Affordable Ways to Spruce Up Your Kitchen | Waccabuc NY Real Estate | Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor

Part-time landlords flocking to super-bowl-rentalz.com | Waccabuc Real Estate

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Part-time landlords flocking to super-bowl-rentalz.com | Waccabuc Real Estate | Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor

Housing market could be facing another bubble: Shiller | Waccabuc NY Real Estate

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Housing market could be facing another bubble: Shiller | Waccabuc NY Real Estate | Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor

Low-Flow Toilets: How to Choose | Waccabuc NY Real Estate

A lot has changed since 1994, when low-flow toilets became the law of the land. Early versions created a bit of a stink, because while they were good at saving water — using only 1.6 gallons per flush versus as many as 7 gallons — they weren’t necessarily good at doing a toilet’s main job. Today’s low-flow models don’t have those problems. Not only are they much better performers, some also use even less water than the federal standard. So if you’re in the market for a new throne, it pays to consider a high-efficiency toilet (HET). You’ll save a bundle: According to the EPA, replacing pre-1994 guzzlers with new HETs will shave more than $90 off your annual utility bills. Plus, you’ll be sending thousands fewer gallons a year down the drain.   Look for high performers The EPA’s WaterSense label on the box identifies HETs that have been certified by independent laboratories. They’re rated according to Maximum Performance (MaP) testing protocols, which measure the toi...

Developers Market Foreign Real Estate to New Yorkers | Waccabuc Real Estate

International buyers are known for spending big money in New York, be it the woman from China who spent more than $6 million on a home for her toddler at the skyscraper One57, or the daughter of Dmitry Rybolovlev, the Russian potash magnate, who used a trust to pay $88 million for an apartment at 15 Central Park West.        But what of wealthy New York buyers who might set their sights elsewhere? As luxury real estate surges globally, developers with projects in cities around the world are increasingly turning their marketing dollars toward New York.         “We have put our aims on New York because this is where a lot of potential buyers are,” said Yigal Zemah , the founder of Berggruen Residential, which is building a 42-story condominium in Tel Aviv. Designed by the Pritzker Prize -winning architect Richard Meier, the project, called Meier-on-Rothschild, is one of the country’s most expensive, offering a 15,000-...

Connecticut tree chopped down and headed to Rockefeller Center | Waccabuc Real Estate

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David Handschuh/New York Daily News The 76-foot-tall Norway spruce from Shelton, Conn. was chopped down and will arrive Friday morning around 7 a.m. It will be the tree at Rockefeller Center throughout the holiday season. Timber! The pride of Shelton, Conn. — a 76-foot Norway spruce chosen to grace Rockefeller Center for the holidays — got the ax Thursday. Local lumberjacks brought down the 12 ton wonder and eased it — with the help of a giant crane — on to the back of a 115-foot flatbed truck for the 70 mile drive to New York City. ... Read more: http://www.nydailynews.com/new-york/rockefeller-center-christmas-tree-heading-city-article-1.1509627#ixzz2jzB141JY

Fastest Markets are in Low Gear | Waccabuc Real Estate

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Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor » Blog Archive » Fastest Markets are in Low Gear | Waccabuc Real Estate

A Subliminal Approach to Fall Decorating | Waccabuc Real Estate

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Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor » Blog Archive » A Subliminal Approach to Fall Decorating | Waccabuc Real Estate

Actor Tom Hanks and wife sell home for $5.225 million | Waccabuc Real Estate

Purchased by the A-list duo for $1.9 million when they were first married in 1988, the home has 4 bedrooms, 5.5 bathrooms and 6,289 square feet. The gorgeous but rather boring and monochromatic house has large living spaces, a library and even a private beauty salon, according to  Trulia . The couple’s  other property holdings include yet another Pacific Palisades mansion they picked up in January 2010 for $1.45 million and a beachfront Malibu Colony spread they’ve owned since the early 1990′s, Trulia  ($30.57  0% )  reports. Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor » Blog Archive » Actor Tom Hanks and wife sell home for $5.225 million | Waccabuc Real Estate

The Inflation Data Are Pointing To Another Housing Bubble | Waccabuc Real Estate

It’s easy to spot a Fed-sponsored housing bubble if you look in the right places. The best place to start is an analysis of price inflation as measured by the BLS as compared to a CPI-variant that takes actual housing prices into consideration instead of rent. This is a followup to my post  Dissecting the Fed-Sponsored Housing Bubble; HPI-CPI Revisited; Real Housing Prices; Price Inflation Higher than Fed Admits . Data for the following charts is courtesy of Lender Processing Services (LPS), Specifically the  LPS Home Price Index (HPI) . The charts were produced by Doug Short at  Advisor Perspectives . Anecdotes on the charts in light blue are by me. Background The CPI does not track home prices per se, rather the CPI uses a concept called “ Owners’ Equivalent Rent ” (OER) as a proxy for home prices. The BLS determines OER from a measure of actual rental prices and also by asking homeowners the question “ If someone were to rent your home today, how much do ...

Housing Outlook for 2013 Depends on Jan. Rules | Waccabuc Real Estate

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via wusa9.com