• Wappingers Office
    (845) 297 4700
    (845) 297 8178
  • Lagrange Office
    (845) 485 2700
    (845) 485 2703
  • New Paltz Office
    (845) 255 6163
    (845) 255 6757
  • Commercial Real Estate Division
    (845) 297 4700
    (845) 567 8333

Real Estate

Consumer Confidence Keeps Improving

RisMedia Consumer News - September 2, 2017 - 12:05am

Consumer confidence kept improving in August, posting a 122.9 reading in the latest Consumer Confidence Index® from The Conference Board. The Expectations reading of the Index rose to 104.0, while the Present Situation reading rose to 151.2. July’s reading was 120.0.

“Consumer confidence increased in August following a moderate improvement in July,” said Lynn Franco, director of Economic Indicators at The Conference Board in a statement. “Consumers’ more buoyant assessment of present-day conditions was the primary driver of the boost in confidence, with the Present Situation Index continuing to hover at a 16-year high. Consumers’ short-term expectations were relatively flat, though still optimistic, suggesting that they do not anticipate an acceleration in the pace of economic activity in the months ahead.”

The percentage of consumers who believe business conditions are “good,” as defined by the Index, increased from 32.5 percent in July to 34.5 percent in August; the percentage of those who believe business conditions are “bad” decreased from 13.5 percent in July to 13.1 percent in August. The percentage of those who expect business conditions to improve decreased from 22.4 percent in July to 19.6 percent in August; the percentage of those who expect business conditions to worsen decreased from 8.4 percent in July to 7.3 percent in August.

The percentage of consumers who believe jobs are “plentiful” increased from 33.2 percent in July to 35.4 percent in August, according to the Index; the percentage of those who believe jobs are “hard to get” decreased from 18.7 percent in July to 17.3 percent in August. The percentage of those who expect more jobs in the coming months decreased from 18.5 percent in July to 17.1 percent in August; the percentage of those who expect less jobs in the coming months decreased from 13.2 percent in July to 13.0 percent in August.

The percentage of consumers who expect higher incomes increased from 20.0 percent in July to 20.9 percent in August; the percentage of those who expect a decrease increased from 9.5 percent in July to 7.8 percent in August.

Source: The Conference Board

For the latest real estate news and trends, bookmark RISMedia.com.

The post Consumer Confidence Keeps Improving appeared first on RISMedia.

Categories: Real Estate

WalletHub: 10 Best Housing Markets

RisMedia Consumer News - September 2, 2017 - 12:01am

What makes for an attractive housing market? Analysts at WalletHub recently identified several indicators of desirability, using a 100-point scoring system in 300 markets to rank the top 10 in the nation:

  1. Frisco, Texas
  2. McKinney, Texas
  3. Allen, Texas
  4. Cary, N.C.
  5. Richardson, Texas
  6. Seattle, Wash.
  7. Bellevue, Wash.
  8. Carrollton, Texas
  9. Nashville, Tenn.
  10. Denver, Colo.

The indicators applied in the ranking included average days on market, median home price appreciation, the share of homes selling for a gain, and the share of underwater homes.

Five of the top 10 markets are in Texas, which also dominates as the state home to four of the top five in the ranking. No. 1 Frisco boasts the second-lowest home maintenance costs of the 300 markets evaluated, while No. 3 Allen has the third-lowest and No. 4 Cary has the fourth-lowest. No. 6 Seattle is tied for first for the lowest average days on market, while No. 7 Bellevue has the fourth-lowest foreclosure rate.

View the complete ranking and methodology.

Source: WalletHub

For the latest real estate news and trends, bookmark RISMedia.com.

The post WalletHub: 10 Best Housing Markets appeared first on RISMedia.

Categories: Real Estate

Research: Gardening Knows No Borders

RisMedia Consumer News - September 2, 2017 - 12:00am

Homeowners the world over get down and dirty in the garden, according to recently released findings by market researcher GfK, with outdoor grooming most common Down Under. Forty-five percent of Australians spend time in the garden daily or weekly—the most of the 17 countries surveyed. Gardening is also popular in China, Mexico, the U.S. and Germany, where one-third or more of those surveyed get out in the yard daily or weekly.

Green-thumbing is a chore in some countries, however, especially in Argentina, Japan, Russia, Spain and South Korea, where most of those surveyed do not garden at all.

Twenty-four percent of survey respondents across all the countries surveyed garden at least once per week, while 7 percent garden “every day” or “most days.” Thirty-six percent of those aged 60 or older garden daily or weekly—on par with the 35 percent of those in their 30s who do the same.

Unsurprisingly, homeowners are twice as likely to garden daily or weekly than renters.

Source: GfK

For the latest real estate news and trends, bookmark RISMedia.com.

The post Research: Gardening Knows No Borders appeared first on RISMedia.

Categories: Real Estate

14 Times Pop Culture Predicted Future Technology

RisMedia Consumer News - August 31, 2017 - 4:17pm

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:

When the film-makers of yesteryear contemplated the future, it didn’t look like a very happy place—and not much has changed. You don’t need to look much further than the dystopian dramas that Hollywood is so fond of producing. But while sci-fi movies rarely predicted the nature of society, they did happen to predict a few items of futuristic technology. Did you know that 3D printing, the Roomba and Siri were all predicted by movies and television shows decades before they existed?

So the next time you scoff at a Hollywood blockbuster for being too far-fetched, take a minute to ask yourself if your grandfather would have believed that he would see a flying car in his lifetime. In the meantime, check out this visual guide which explores the 14 times pop culture accurately predicted the future!

For the latest real estate news and trends, bookmark RISMedia.com.

The post 14 Times Pop Culture Predicted Future Technology appeared first on RISMedia.

Categories: Real Estate

The REALTORS® Among Harvey’s Heroes

NAR Daily News Magazine - August 31, 2017 - 12:00am

Meet the real estate professionals who have sprung into action—and, in some cases, risked their own lives—to help rescue flood victims...

Categories: Real Estate

HUD to Make Reverse Mortgages Tougher

NAR Daily News Magazine - August 31, 2017 - 12:00am

The Department of Housing and Urban Development says it’s planning to raise premiums and tighten loan limits for seniors who use reverse...

Categories: Real Estate

5 Home Maintenance Tips for Fall

NAR Daily News Magazine - August 31, 2017 - 12:00am

Your clients may be able to shave up to 30 percent off their energy bills this fall by following these suggestions in preparation for colder...

Categories: Real Estate

Mortgage Rates Hit New Yearly Lows

NAR Daily News Magazine - August 31, 2017 - 12:00am

The 30-year fixed-rate mortgage dropped four basis points this week, reaching a new year-to-date low for the second consecutive week.

Categories: Real Estate

Realty ONE Leads in Per-Person Productivity

NAR Daily News Magazine - August 31, 2017 - 12:00am

The Irvine, Calif.-based brokerage made serious headway on the 2017 REAL Trends 500 report. Find out how it and other companies performed.

Categories: Real Estate

Agents Use Eateries to Make Buyers Hungry

NAR Daily News Magazine - August 31, 2017 - 12:00am

Real estate pros are finding that nearby restaurants can be strong motivators for your clients.

Categories: Real Estate

Are These Open House Questions Rude?

NAR Daily News Magazine - August 31, 2017 - 12:00am

From bringing in coffee to using the toilet, here are the hidden questions buyers have about open house etiquette.

Categories: Real Estate

Report: Short Supplies Pummel Home Sales

NAR Daily News Magazine - August 31, 2017 - 12:00am

Only one region saw an uptick in contract signings last month as inventory woes continued to shake the housing market in most of the country.

Categories: Real Estate

Harvey Victims Granted Loan Forbearance

NAR Daily News Magazine - August 31, 2017 - 12:00am

Homeowners impacted by the devastating Texas floods will get some mortgage relief. 

Categories: Real Estate

Buyers’ Choice: Down Payment Or Wedding?

NAR Daily News Magazine - August 31, 2017 - 12:00am

Some singles are rethinking the fancy wedding they’ve saved for and bank on a home over a spouse instead.

Categories: Real Estate

5 Hot Outdoor Trends to Watch for Fall

NAR Daily News Magazine - August 31, 2017 - 12:00am

High-tech fire pits and interiorscapes are all the rage for staging your property’s outdoor space.

Categories: Real Estate

More Buyers Likely to Consider ARMs Again

NAR Daily News Magazine - August 31, 2017 - 12:00am

In mid-2005, ARMs represented 45 percent of the market share. Could they command that much of the market again?

Categories: Real Estate

Flooded Homes Can Be Fixed But…

NAR Daily News Magazine - August 30, 2017 - 12:00am

Homes and businesses flooded by Hurricane Harvey may not be completely doomed. However, it’s important to know that it’s not really...

Categories: Real Estate

Wells Fargo Sued Over Rate Lock-in Fees

NAR Daily News Magazine - August 30, 2017 - 12:00am

A class action lawsuit accuses the banking giant of charging thousands of customers extra fees to extend their interest rate lock-ins after...

Categories: Real Estate

Are Supply Woes Causing Loan Demand Drop?

NAR Daily News Magazine - August 30, 2017 - 12:00am

The number of mortgage applications for home purchases continues to underwhelm, despite the lowest rates in nine months. 

Categories: Real Estate

20 Biggest College Town Rent Hikes

NAR Daily News Magazine - August 30, 2017 - 12:00am

Proximity to highly regarded colleges comes at a price. Find out where those living near campus are paying the highest rents compared with their...

Categories: Real Estate