prudential: Mortgage Rates Fall to 4.59%, Enough To Move Demand
- 07/23/10 06:57 AM
Finally. Record low mortgage rates spurred an uptick in new-purchase mortgage applications last week for just the second time in the past two months, while more Americans also applied to refinance, according to the Mortgage Bankers Association. Rates fell last week to 4.59% on an average 30-year fixed-rate mortgage, which is down from 4.69% one week ago and the lowest ever recorded by the trade group since its survey began in 1972. Other measures show that rates continued to fall this week: Zillow’s Mortgage Marketplace quoted an average of 4.37% on Tuesday. Those low rates haven’t done much to drive up … (0 comments)
prudential: Hamptons Home Sales Double as Wall Street Buyers Fuel Rebound
- 07/23/10 06:53 AM
Hamptons, New York, home sales more than doubled in the second quarter from a year earlier, solidifying a turnaround after two years of Wall Street reluctance to splurge on beachfront property. Transactions climbed to 479 in the towns on Long Island’s East End, the second-biggest jump in at least a decade of record keeping. Larger, more expensive homes boosted the median price 17 percent to $900,000, New York-based appraiser Miller Samuel Inc. and broker Prudential Douglas Elliman Real Estate said in a report today. The largest sales rise was in the first quarter. “We’ve returned to a more normal volume of … (1 comments)
prudential: 10 Tips for Saving Water in the Garden
- 07/23/10 04:16 AM
Even if you don’t live in a dry climate, fresh water may be an increasingly scarce and expensive commodity. One way to conserve water is to design a landscape plan that cuts down on the need for irrigation. According to the Environmental Protection Agency, converting to a water-efficient landscape can reduce your outdoor water use by 20% to 50%, or as much as 10,000 gallons a year. That saves money, too, shaving between $30 and $70 off the average annual household water bill. Often called xeriscaping or drought-tolerant landscaping, low-water landscaping also makes yard maintenance easier. Here are 10 strategies that … (0 comments)
prudential: Renovated Contemporary Home
- 07/07/10 05:23 AM
Mill Neck <!-- Neighborhood --> <!--Cross Sts--> Web ID: 2287326 Community Info | Local Amenities | Local School Reports Perched atop one of the highest points on Mill Hill in the exclusive village of Mill Neck, this breathtaking property is set on 5 private, pastoral acres with year-round waterviews of Oyster Bay. Beautifully renovated In 2008, this contemporary 7 bedroom, 5 1/2 bath home features a spacious, open layout with cathedral ceilings, large rooms and expansive hallways. Amenities and features include: • Huge granite/stainless steel state-of-the-art kitchen with Viking and Miele appliances • Master suite complete with two bathrooms, office and … (0 comments)
prudential: Colonial in Oyster Bay
- 07/07/10 05:18 AM
Oyster Bay Cove <!-- Neighborhood --> <!--Cross Sts--> Web ID: 2285196 Community Info | Local Amenities | Local School Reports Long Private Drive Leads To Lovely 6 Bedroom, 3 Bath Colonial Home On 2 Tranquil Acres. Living Room With Fireplace & Hardwood Floors, Dining Room With Hardwood Flroos, Eat-in-Kitchen With Fireplace, Large Family Room With Vaulted Ceiling & Sun Room.... 1st Floor Master Bedroom With Bath, 2nd Floor Has 5 Large Bedrooms And Full Bath, In-ground Gunite Pool With Slate Patio. Private Beach & Mooring Rights. … (0 comments)
prudential: Picturesque Colonial
- 07/07/10 05:05 AM
Muttontown <!-- Neighborhood --> <!--Cross Sts--> Web ID: 2280872 Community Info | Local Amenities | Local School Reports Picturesque Colonial Set On 2.46 Pastoral Acres Of Flat Property. First Floor Master Bedroom. In-Ground Gunite Pool. 2 Car Garage. Low Taxes. Convenient To All. Contact Jyll Kata for more info.. 516.330.2321 or jyll.kata@elliman.com … (0 comments)
prudential: Beautiful Victorian in Huntington Village
- 07/07/10 04:56 AM
34 Woolsey St <!-- Neighborhood --> Huntington <!--Cross Sts--> cross street: Web ID: 2228015 Community Info | Local Amenities | Local School Reports Huntington Own a piece of Huntington's history. This magnificent Oldie was Built in 1860 and has been beautifully restored to perfection.. It boasts 3 Bedrooms, 2 Baths, Hi Ceilings, 2 Staircases, Granny Attic, Moldings, Covered Porch. Beautiful flat .31 acre. Close To All Huntington Has To Offer. S.D.#3. Priced to sell. Don't Miss this one. Check out the virtual tour ...copy and paste the link http://www.interactivevideotour.com/floorplantour/3267/branded.htm FOR FURTHER INFO ... EMAIL jyll.kata@elliman.com … (1 comments)
prudential: Lovely Ranch in East Norwich, NY
- 07/07/10 04:50 AM
East Norwich <!-- Neighborhood --> <!--Cross Sts--> Web ID: 2301587 Community Info | Local Amenities | Local School Reports Lovely Property Backing Golf Course. Possible Subdivision. Super Value. Convenient To All. Seller Will Entertain Offers From $949,000-$1,094,876. … (0 comments)
prudential: Stately Tudor in Huntington Bay Area, NY
- 07/07/10 04:45 AM
Huntington <!-- Neighborhood --> <!--Cross Sts--> Web ID: 2294386 Community Info | Local Amenities | Local School Reports Welcome to " Far Horizons " This Stately English Tudor has year round water views and is situated on two magnificent acres with in-ground gunite pool and gazebo. Richly restored beyond perfection for today's lifestyle, coupled with old world architectural details and enduring quality throughout. This gracious home boasts a two story entrance foyer with magnificent staircase leading to grand mezzanine, custom crafted gourmet kitchen with breakfast room and butler’s area, banquet size dining room, ballroom size living room with carved stone fireplace, … (1 comments)
prudential: June's Jobs Report Wasn't As Bad As The Headlines (And How You Can Take Advantage)
- 07/07/10 04:11 AM
In June, for the first time since December 2009, the U.S. workforce shrank. According to the Bureau of Labor Statistics, the economy shed 125,000 jobs last month even as the Unemployment Rate dropped to 9.5 percent. The drop in the Unemployment Rate is being attributed to fewer Americans looking for work. At first glance, the jobs report looks weak but a deeper look shows something different. Excluding the 225,000 government Census workers that recently left the workforce, the total number of employed persons actually grew by 83,000 in June. That's 50,000 more working Americans as compared to May. And, since … (1 comments)
prudential: How To Improve Your Home's Indoor Air Quality
- 07/07/10 04:06 AM
An EPA study shows that close to dozen common air pollutants are 2 to 5 times more concentrated indoors versus outdoors, regardless of whether the home is is located in Rural America, or in an industrial zone. The cause is volatile organic compounds, more commonly known as VOCs. VOCs are gases emitted from certain liquids and solids including paints, cleaning supplies, pesticides, air fresheners and permanent markers, among others. In the short-term, can cause respiratory irritation. In the long-term, VOCs can lead to "Sick Building Syndrome", cancer and other illnesses. There are a number of ways to keep VOC levels in … (0 comments)
prudential: Was The Pending Home Sales Report Really That Bad? It Depends Who You Ask -- Buyer Or Seller.
- 07/07/10 04:03 AM
The Pending Home Sales Index plunged in May 2010, just one month after the expiration of the federal home buyer tax credit program. The Pending Home Sales Index is now at a record-low level. A "pending home sale" is an existing home under contract to sell, but not yet closed. According to the National Association of Realtors®, 80 percent of homes under contract close within 60 days. Because of this timeline, we can expect the summer's Existing Home Sales to be weak, too. With fewer homes going under contract, fewer homes can close. On the surface, May's Pending Home Sales Index … (0 comments)
prudential: The Year Is Half-Over. How Did The Housing Experts Fare On Their Predictions?
- 07/07/10 03:58 AM
As 2009 was ending, the "experts" were busy making forecasts about the U.S. economy and what to expect in 2010. With respect to the housing markets, two predictions were made again and again: Home prices would fall in the first half of 2010 Mortgage rates would be higher in 2010 Well, it's July 1 and the year is half-over. Both predictions are proving to be incorrect. Home values are rising in most markets and mortgage rates are down. Way down. It reminds us that economists are much more skilled with analysis of the past versus predictions of the future. A pile … (3 comments)
prudential: Case-Shiller Shows Home Price Improvement In 90% Of Cities
- 07/07/10 03:54 AM
Standard & Poors released its Case-Shiller Index Tuesday. The index is a monthly home valuation report from select cities and among the private sector's most popular home pricing models. In reviewing the April Case-Shiller Index and its accompanying analysis, it appears that the housing market's rebound is gathering momentum. In the index's 20 tracked cities: 18 of 20 improved from March to April 2010 Versus April 2009, home prices are up nearly 4 percent The two "down" cities from April -- Miami and New York -- are off just 0.5% and 1.0% annually, respectively Furthermore, as another sign of strength, … (2 comments)
prudential: The 1 Force That Can Really Change A Mortgage Rate
- 07/07/10 03:45 AM
All day, every day, conforming and FHA mortgage rates are in flux. Rates move in response to hundreds of factors which exact varying levels of influence. Among the biggest influences on mortgage rates is inflation. When inflation is unexpectedly high, mortgage rates tend to rise quickly. Conversely, when inflation is unexpectedly low, rates tend to fall quickly. But what is inflation? By definition, inflation is when a currency loses its value; when what used to cost $1.00 now costs $1.10. As consumers, we recognize inflation by the items we buy on a daily basis becoming more expensive. However, it's not that … (0 comments)
prudential: Outdoor Appliance Guide: Gas Grills
- 07/07/10 03:39 AM
With models priced from $29 to $5,000 and up, outdoor gas grills offer convenience and ease-of-use to fit any budget. There may be no home cooking appliance with a wider price range than the outdoor gas grill. With models starting as low as $29 and climbing to $5,000 and higher, it is an understatement to say there’s is a model for every budget. When shopping for a gas grill, the motto “You get what you pay for” is especially fitting, explains Dan Marguerite, owner of Backyard Barbecue Store in Wilmette, Ill. Basement models, he says, offer poor performance, are cheaply constructed, … (0 comments)
prudential: Robert De Niro Kin Buys East Hampton Home for 2.5 Million
- 06/25/10 09:40 AM
Claudine De Niro, actor and Montauk resident Robert De Niro's daughter-in-law and a senior vice president of Prudential Douglas Elliman Real Estate, has purchased an East Hampton home with her father for $2.5 million, according to the Long Island Real Estate Report. The five-bedroom, 6.5-bath postmodern is 5,480 square feet. There is a wine cellar. The three-acre property has a heated gunite pool with direct access from the master suite, which features his and her closets. The stone patio also has a spa, a bar area and a pergola. Claudine De Niro's father, Joao DeMatos, used to own a Brazilian restaurant … (2 comments)
prudential: Buyers Take The May 2010 Sales Data all The Way To The Bank
- 06/25/10 05:15 AM
One month after the federal homebuyer tax credit's official expiration, the New Home Sales report turned in its worst showing ever. In May 2010, for the first time in 11 months, the inventory of unsold new homes crossed the 8-month marker, posting an 8.5 month supply overall. Additionally, new homes sales volume fell to 300,000 units nationwide -- a drop of 32% and its lowest level since the Commerce Department started tracking data in 1963. Now, universally, the press is referring to the May New Home Sales report as "poor". A closer look, however, shows that may not be the case. … (0 comments)
prudential: A Simple Explanation of the Federal Reserve Statement (June 23, 2010 Edition)
- 06/25/10 05:11 AM
Today, in its first meeting in 5 weeks, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged. The Fed Fund Rate remains within its target range of 0.000-0.250 percent. In its press release, the FOMC said that, since April, "the economic recovery is proceeding" and that the jobs market "is improving gradually". Business spending "has risen significantly", too, with the exception of commercial real estate. Today's statement is the 8th straight press release in which the Fed shows optimism for the U.S. economy, dating back to June 2009. Since that time, the Fed has terminated all … (0 comments)
prudential: May 2010 Existing Home Sales is Better Than Headline Data Suggests
- 06/25/10 05:06 AM
Existing Home Sales dropped in May for the first time in 3 months but still managed to post its second-highest since November 2009, buoyed by the expiring federal tax credit program. An "existing home" is a home that cannot be considered new construction; a resale of an existing home. Existing Home Sales fell 2.2 percent in May. The press is calling the drop in sales "unexpected" and disappointing, but a deeper look at the data shows the news isn't as bad as it first appears. First, on a regional basis, sales were mostly solid. Only the Northeast region posted a loss. … (0 comments)
Finally.
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