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SOUTHEAST, Putnam County - We invite everyone to visit our open house at 5302 Applewood Circle, Carmel, NY on August 11 from 1:00 PM to 4:00 PM.
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I always tell my clients that we are like 'a Google type corporation': hard working, modern, energetic, positive thinking individuals who strive to be the best in their
profession. Here is an update from our headquarters:
Mid-year update
Keller Williams growth out paces the market
Despite the market downturn, and at a time when other national brands seem to be shrinking, Keller Williams Realty is on the rise.
And for good reason: education, training, culture, profit share and a belief that we can leverage any market to our advantage.
In July, Keller Williams Realty reported an active agent count of 77,259 year-to-date. That’s up 15 percent from June 2006.
Transmitting market centers are at 656 — up seven from June and 90 from this time last year.
Year-to-date profit share remains robust at $51 million.
KWRI executives believe that Keller Williams Realty will continue to grow — despite market conditions. “It is truly our associates who have and are continuing to build this company, and it is the job of our leadership to provide the business tools, models and technology to support them in their success,” says Chief Executive Officer Mark Willis. “The associates who have chosen to be in business with us embrace our stance that you can make any market work to your advantage.”
• 1,381 sq. ft., 3 bath, 2 bdrm 1 1/2 story - 
MLS® #2722305 $335,000
West Mahopac, Carmel-Kent-Mahopac Area - Beautiful townhouse in Hunter's Glen, w/all amenities of a country club & golf around the corner. Immaculate kept home, glazed porcelain tile grace the entry, Bruce Engineered Hardware floors in dining & living rm. EIK w/glazed porcelain tile, sliders to lg patio w/4x5x10 outdoor strg. 2 large bed w/oversized ba, each w/wic. W/D on 2nd fl. Taxes do not reflect STAR savings. Star deduction is $1007.72
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Click on the link and read a very interesting article for selling your house this year!
http://www.cnn.com/2007/US/03/14/spring.house.sales/
Current market problems and reforms in the underwriting and pricing of subprime loans, including the tightening of underwriting standards by regulators, will have a shortterm impact on housing markets. That will be lessened if Congress enacts legislation to expand the roles of Fannie Mae, Freddie Mac and the Federal Housing Administration to provide more housing opportunities to lowerincome homeowners and those living in high cost metropolitan areas. NAR Senior Vice President and Chief Economist David Lereah predicted that tighter underwriting practices may cause total home sales to fall by about 100,000 to 250,000 nationally, or no more than 3 percent a year over the next two years.
Many of these households will probably, over time, purchase a home when they have attained the financial capacity to do so by saving for a down payment or growing their income.“Foreclosures are increasing inventories in certain local markets. The projected flood of foreclosures are problematic and will add to the already loose housing supply in some local markets, but these local markets are exhibiting healthy economic activity, enabling them to be able to absorb increases in foreclosures,” Lereah said. “From a broader perspective, today’s subprime problems are occurring against a backdrop of cyclically low mortgage rates and a growing, healthy economy.
Jobs and liquidity are plentiful in the marketplace, suggesting that the subprime problemsmay be a manageable problem within our $10 trillionplus economy,” said Lereah. “Many of these households will seek mortgage loans from a revitalized FHA, from lenders making loans that meet Fannie Mae and Freddie Mac standards, and from other lenders offering fair and affordable mortgage options to subprime borrowers. Remember, many of these borrowers are low-income, minorities and first-time buyers -- all important participants in the home buying marketplace.” Lereah warned against overreaction to the situation. “Tougherlending standards imposed by the marketplace and the regulators are necessary, but we need to be mindful of overcorrection. Responsible lending practices are what the doctor ordered, not practices that cause a credit crunch,” Lereah said. NAR has led a campaign to modernize and revitalize the FHA mortgage insurance programs, providing subprime borrowers with a safe and affordable alternative to problematic loans and helping bring stability to the whole subprime market. FHA mortgages can help meet the demand for subprime mortgages and help fill the gap in the mortgage market left by the decline of subprime and nontraditional products. Afew simple changes can make a big difference. NAR supports increasing FHA loan limits, allowing risk-based pricing of mortgage insurance premiums and reducing down payment requirements to reflect today’s mortgage market.
Here is a quick bite of information that came across the wire today regarding subprime mortgages:
Senator Christopher Dodd, (D-CT) held a hearing of the Senate Committee on Banking, Housing, and Urban Affairs where testimony was heard from witnesses representing federal banking regulators (Federal Deposit Insurance Corporation, Office of Thrift Supervision, etc.,) state regulators, lenders, consumer advocates, and individual consumers.
The Senator expressed his determination to introduce legislation to attack the problem of predatory lending and finally to deal with the millions of homeowners who may ultimately face foreclosure. Dodd said that the solution to the latter may not be legislative; that regulators, investors, GSE's and consumer advocates should come together to work out efficient procedures for providing relief to homeowners. "One thing I know for sure - we cannot simply sit back and watch as up to 2.2 million families lose their homes and, with them, their financial futures."
The Senator has elsewhere talked about legislation that would perhaps mandate longer timelines for the foreclosure process.
So be careful while shopping for your mortgage.
If you're looking to sell you house with the warmer weather approaching, now is a great time to make sure the outside of your home is presentable.
You can now buy great spacious homes in Chappaqua, NY for under $1,000,000.
The housing market is starting to bend towards the buyer. I've seen a lot of sellers have to negotiate
at much lower listing prices.
• Amazing 3 story - 
MLS®
Chappaqua, Westchester County
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