2013 1st Quarter Luxury Home Market Report

New Luxury Home Market Reports Now Available at www.epatricehayes.com for:

-2013 1st Quarter Luxury Home Market Report – New York (Bronx and Westchester Counties) and Connecticut (Fairfield County)

-2013 National Luxury Home Market Report from the Institute for Luxury Home Marketing

The 2013 1st Quarter Luxury Home Market Report Includes The Following Cities: Riverdale, Bronxville, Harrison, Harstdale, Larchmont, Mamaroneck, New Rochelle, Pelham, Rye, Scarsdale, White Plains, Greenwich and Stamford.

View Previous Quarterly Luxury Market Reports and Luxury Homes for Sale at www.epatricehayes.com

E Patrice Hayes, Luxury Property Specialist

Licensed Real Estate Associate Broker in NY, CT and GA

Member of The Institute For Luxury Home Marketing
www.MultiStateRealEstateBroker.com

Keller Williams Realty Group

Phone: 914.902.3220

Beyond the Numbers, Confidence Returns to Housing

The housing numbers are all heading in the right direction. Home prices up, foreclosures down and, perhaps the most important, consumer confidence in housing swelling. Even as sales of new and existing homes bounce up and down month to month, the desire to buy is growing. Read more at Yahoo Finance.

Interested in buying a home? View homes for sale at www.MultiStateRealEstateBroker.com

E Patrice Hayes

Licensed Real Estate Associate Broker in NY, CT and GA

Member of The Institute For Luxury Home Marketing

Keller Williams Realty Group

Phone: 914.902.3220

Buying now cheaper than renting in most housing markets

According to the Trulia Winter 2013 Rent vs. Buy Report, buying a home in the top 100 major metros is cheaper than renting, even in light of home prices rising….although rents and home prices are both rising, home ownership is still more affordable. Trulia says buying a home is 44 percent cheaper than renting nationwide, down just slightly from 46 percent in 2012. By next year, buying could be more expensive than renting in some housing markets, even for people with the best credit.
Read more at AG Beat

E Patrice Hayes

Licensed Real Estate Associate Broker in NY, CT and GA

Member of The Institute For Luxury Home Marketing
Search homes for sale at www.MultiStateRealEstateBroker.com

Keller Williams Realty Group

Phone: 914.902.3220

How luxury-home owners dodge foreclosure

When the owners of high-end homes fall way behind on their mortgage payments, foreclosure is not a foregone conclusion. Lenders can be more willing to craft a new payment plan to make high-dollar homes more affordable. Paperwork and procedures are also often delayed, keeping homeowners in some states in their homes for two or more years after they’ve stopped making mortgage payments. And in some cases, lenders are offering homeowners tens of thousands of dollars in cash in exchange for their agreeing to a short sale, in which a home is sold for less than the borrower owes on the mortgage.

Read more at Market Watch
Interested in finding foreclosure and short sale luxury properties for sale? Search at www.epatricehayes.com

E Patrice Hayes, Luxury Property Specialist

Licensed Real Estate Associate Broker in NY, CT and GA

Member of The Institute For Luxury Home Marketing

Keller Williams Realty Group

Phone: 914.902.3220

Housing jobs boosting national economic recovery

The growth of housing jobs is more than double the national employment growth rate, which could continue to improve and outpace other sectors in 2013.
Read more at AG Beat

E Patrice Hayes, Luxury Property Specialist

Licensed Real Estate Associate Broker in NY, CT and GA

Member of The Institute For Luxury Home Marketing
www.epatricehayes.com

Keller Williams Realty Group

Phone: 914.902.3220

The JHouse Greenwich – Chic, Boutique Hotel in Greenwich, Connecticut

The allure of Greenwich, Connecticut has always been there for New Yorkers who want to leave the city’s concrete and hi-rise jungle. For those looking for a peaceful winter escape, you can stop your search. Now experience Greenwich’s effortless elegance at The JHouse Greenwich, Connecticut’s hottest, boutique hotel and dining destination. Read more at The Life of Luxury

E Patrice Hayes, Luxury Property Specialist

Licensed Real Estate Associate Broker in NY, CT and GA

Member of The Institute For Luxury Home Marketing
View luxury homes for sale at www.GreenwichLuxuryProperties.com

Keller Williams Realty Group

Phone: 914.902.3220

Luxury Lock Down | Former Dutch Prison Transformed Into a Luxury Hotel

Ever what happens to an unused jail facility? The folks in the Netherlands made great use of unused space. Het Arresthuis is a 19th-century-prison in the Netherlands that was abandoned some time ago. The unused penitentiary was transformed into a luxury hotel. The structure was remodeled with modern and chic touches while preserving its rich history as a former penitentiary.
Read more at Stupid Dope

E Patrice Hayes, Luxury Property Specialist

Licensed Real Estate Associate Broker in NY, CT and GA

Member of The Institute For Luxury Home Marketing
View luxury homes for sale at www.RyeLuxuryProperties.com

Keller Williams Realty Group

Phone: 914.902.3220

How The New Higher Tax Rates Will Affect Luxury Housing

Luxury real estate surged in 2012. Now taxes are rising for the wealthy Americans who could afford to buy and sell those million-dollar-plus homes. Read more at Forbes

E Patrice Hayes, Luxury Property Specialist

Licensed Real Estate Associate Broker in NY, CT and GA

Member of The Institute For Luxury Home Marketing
View million dollar homes for sale at www.RyeLuxuryProperties.com

Keller Williams Realty Group

Phone: 914.902.3220

Lower prices for luxury-home builder Toll Brothers

While some economists are concerned that low inventory is pushing home prices too high too quickly, luxury-home builder Toll Brothers Inc. has reported lower pricing for its homes.
Read more at The Wall Street Journal Market Watch

E Patrice Hayes, Luxury Property Specialist

Licensed Real Estate Associate Broker in NY, CT and GA

Member of The Institute For Luxury Home Marketing
Search Luxury Homes For Sale at www.WhitePlainsLuxuryProperties.com

Keller Williams Realty Group

Phone: 914.902.3220

Luxury sales approach sellers’ market…SO BUY NOW!

Top tier properties are getting close to ending their multi-year buyers’ market and quickly reaching a more equal balance between buyers and sellers, catching up with less expensive homes.
Since early December, the Institute for Luxury Home Marketing’s Market Action Index has risen 30 percent and is now only seven points away from reaching a seller’s market on a national level.

Read more at: UPI.com

E Patrice Hayes, Luxury Property Specialist

Licensed Real Estate Associate Broker in NY, CT and GA

Member of The Institute For Luxury Home Marketing
www.RyeLuxuryProperties.com

Keller Williams Realty Group

Phone: 914.902.3220