No Relief in Sight on Rents | Bedford Hills Real Estate | #BedfordRealEstate


Source: No Relief in Sight on Rents | Bedford Hills Real Estate | #BedfordRealEstate

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“Know Before You Owe” Blamed for Sudden Sales Slump | Bedford Real Estate | #BedfordRealEstate


Existing-home sales dropped off considerably in November to the slowest pace in 19 months, but the National Association of Realtors said some of the decrease was likely due to the “Know before you owe” or the TILA-RESPA Integrated Disclosures rule (TRID), which took effect October 3.

Source: “Know Before You Owe” Blamed for Sudden Sales Slump | Bedford Real Estate | #BedfordRealEstate

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Recovery Will Slow in 2016 as Fewer Homes Gain Value | Pound Ridge Real Estate | #BedfordRealEstate


The number of homes nationwide gaining value on a monthly basis are expected to fall by 12 percent over the next 10 months as the housing recovery slows. Just over half, 51.3 percent, of America’s homes will continue to appreciate by October 2016, according to forecasts by Weiss Analytics.

Source: Recovery Will Slow in 2016 as Fewer Homes Gain Value | Pound Ridge Real Estate | #BedfordRealEstate

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Why the Housing Boom is Good for Minority Homeownership | Bedford Corners Real Estate | #BedfordRealEstate


Fourteen years ago, improving minority homeownership was front burner issue.  In 2002, the Bush Administration even set a goal of expanding the number of minorities who owned their own homes by 5.5 million—approximately the number of existing homes sold in a very good year.

Source: Why the Housing Boom is Good for Minority Homeownership | Bedford Corners Real Estate | #BedfordRealEstate

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Mortgage rates average 3.96% | Armonk Real Estate | #BedfordRealEstate


Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates largely unchanged heading into the holiday weekend. News Facts 30-year fixed-rate mortgage (FRM) averaged 3.96 percent with an average 0.

Source: Mortgage rates average 3.96% | Armonk Real Estate | #BedfordRealEstate

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New Home Sales Nudge Forward | North Salem Real Estate | #BedfordRealEstate


The number of new homes sold in November increased by 4.3% from a downwardly revised October level to 490,000 on a seasonally adjusted annual basis. On a year to date level, sales are up 14.5% from the eleven month total in 2014.

Source: New Home Sales Nudge Forward | North Salem Real Estate | #BedfordRealEstate

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Luxury Dips While Mid-tier Zips | Cross River Real Estate | #BedfordRealEstate


Call it poetic justice.  While median home prices continue their upward climb, in the third quarter luxury prices stumbled and fell for the first time in over three years.  Redfin reported prices of luxury homes fell 2.2% on a yearly basis, while prices for the rest of the market rose 3.

Source: Luxury Dips While Mid-tier Zips | Cross River Real Estate | #BedfordRealEstate

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