Market Report: May 28, 2013

Mortgage 101 The market is buzzing with news of historically low mortgage rates, easier borrower terms and increased flexibility from popular financial institutions. So what does that mean for you? MortgageBloom provides one of the most buyer-friendly, personalized mortgage calculators we've seen. Simply select your credit score range and state/county of purchase, then input your projected home price and downpayment. The calculator instantly provides projected rates for a 30-year fixed, 15-year fixed and 5-year ARM mortgage, including payments along with information on FHA loans for those putting down less than 20%. Click here to try it now! Buyer Urgency In April the median home price hit a record high, while sales soared nationally and further boosted the market recovery. With a 8.3% increase month-over-month and 13.1% year-over-year and the market experiencing its second highest levels since 2008, the sense of buyer urgency has increased dramatically creating more buzz, more excitement and more competition for homes.Read more...	Is the Recovery Here? New home sales, starts skyrocket The new home sales and housing starts have increased dramatically and, with these numbers expected to double before the recovery ends, the residential real estate market is in for one of the best periods in recent years. Click here for more...  Want to stay on top of the latest real estate news? Buying, selling or just dreaming for now? Check out Suburban Jungle's Facebook page for the latest information from around the greater NYC area including news, listings and more. Click here to "Like" us now!  Check Out... Ardsley, NY!  Though considered one of Westchester’s four “rivertowns,” the village of Ardsley is completely landlocked—and central to just about anything. This 1.25-square-mile village is home to just 4,600 residents, drawn to Ardsley for its refreshing, small-town nature, diverse amenities and proximity to Manhattan. From the active downtown to the tree-lined streets that first sprouted in the early 20th century, Ardsley is an attractive option for young families, couples and singles alike, looking to feel far away from the city without giving up the easy commute.  SJ's Home of the Week! With 5,100 sq' and 15 beautiful rooms, this 5 BR, 3.5 BA Center Hall Colonial is the perfect suburban retreat for anyone. Bright, spacious and filled with luxury amenities from floor to ceiling, this jaw-dropping home has it all. Indulge in the new luxury bathrooms, cathedral ceilings and gymnasium-sized playroom with 18' ceilings and two doors to the spacious backyard. Click here to see this amazing home! See Suburban Jungle's full list of Ardsley homes here - and check back often for the newest listings in Ardsley, Westchester County and beyond!
What's the Buzz in YOUR Neighborhood? There's A LOT going on this week! Here's some great happenings in your current—or future—neighborhood.
Tarrytown, NY Hudson River Arts: The annual Hudson River Festival of the Arts is June 1-2 in Pierson Park. This fine art festival features nationally- and internationally-acclaimed artists, with a variety of paintings, jewelry, sculptures, photography, mixed media and much more, all for view and purchase. Click here for more on this exciting event!  Lincroft, NJ Irish Fest: Gaelfest is the area's newest Irish cultural festival, celebrating the music, dance, sport, language, literature, art, history and food of the Emerald Isle. The festival will include a variety of fun, family-friendly activities including live music, hurling, Irish football exhibition games, dancing and much more. Click here for more on this fun event! Wilton, CT Starlit Night: Enjoy a delicious dinner and live music, all to benefit the Woodcock Nature Center. Area restaurants and merchants including Bernard's of Ridgefield, 109 Cheese, Cellar XV and Heavenly Bites will provide light food and drinks, as guests bid on one-of-a-kind items in the silent auction, all to seasonal steel drum music. Tickets are $60 and available here.