RE/MAX 440
Peter Cerruti
440 South West End Blvd, RT 309
Quakertown  PA 18951
 Phone: 215-429-7273
Office Phone: 215-538-4400
Fax: 267-354-6992 
petecerruti@yahoo.com
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Peter Cerruti

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Be Prepared for Severe Weather

June 3, 2013 6:12 am

(Family Features) Thousands of people are impacted by severe weather threats every year, yet many are unprepared to handle Mother Nature’s wrath. Before storms strike, families should have an emergency supply kit on hand and a crisis plan in place.

Create a Crisis Plan


Busy families spend most of their days apart, at school, work, sports practices or other activities, so your family may not be together when disaster strikes. Before an emergency occurs, gather your family to make important decisions about what to do in the event of a crisis:

• Establish meeting places in your home, neighborhood and a nearby town.
• Discuss the best ways to communicate. Make sure to share cellphone numbers and email addresses with family members, school personnel and close neighbors.
• Schools, daycare providers, workplaces and apartment buildings should all have site-specific emergency plans that you and your family need to know about. Keep a copy in a readily-accessible location.
• In your cellphone’s address book, label the contact information for one person as “ICE” or “In Case of Emergency.” If you are in an accident, authorities are trained to check phones for an ICE listing.

Keep Emergency Supplies On-Hand

An emergency supply kit is made up of basic household items that become critical in a crisis. Essential supplies include:

• Each family member will need food, infant formula, pet food and water for three days. The average person needs one gallon of water per day for drinking and sanitation. Check your supplies every six months for expired food or water.
• Extra cash and copies of personal documents.
• A battery-powered or hand crack radio and a NOAA Weather Radio with tone alert are essential.
• Stock a small toolbox with a flashlight, extra batteries, wrench for turning off utilities, manual can opener, and whistle to signal help.
• A cordless telephone.
• Medications and measuring spoons for each family member.
• Dust masks, plastic sheeting and duct tape to create a safe room in a damaged home.
• Change of clothing for each family member, along with personal hygiene items, diapers and trash bags.

Source: Panasonic

Published with permission from RISMedia.


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Fixed Mortgage Rates Highest in a Year

June 3, 2013 6:12 am

Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates following long-term government bond yields higher. The average 30-year fixed moved up nearly half a percentage point since the beginning of May when it averaged 3.35 percent. Regardless, mortgage rates remain low historically, helping to keep home-buyer affordability high, which should continue to aid home sales and construction as the housing market continues to recover.

Findings:

• 30-year fixed-rate mortgage (FRM) averaged 3.81 percent with an average 0.8 point for the week ending May 30, 2013, up from last week when it averaged 3.59 percent. Last year at this time, the 30-year FRM averaged 3.75 percent.
• 15-year FRM this week averaged 2.98 percent with an average 0.7 point, up from last week when it averaged 2.77 percent. A year ago at this time, the 15-year FRM averaged 2.97 percent.
• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.66 percent this week with an average 0.5 point, up from last week when it averaged 2.63 percent. A year ago, the 5-year ARM averaged 2.84 percent.
• 1-year Treasury-indexed ARM averaged 2.54 percent this week with an average 0.5 point, down from last week when it averaged 2.55 percent. At this time last year, the 1-year ARM averaged 2.75 percent.

"Fixed mortgage rates followed long-term government bond yields higher following a growing market sentiment that the Federal Reserve may lessen its accommodative policy stance,” says Frank Nothaft, vice president and chief economist, Freddie Mac. “Improving economic data may have encouraged those views. For instance, the Conference Board reported that confidence among consumers rose in May to its highest level since February 2008. Meanwhile, the S&P/Case-Shiller® 20-city composite index for March rose to its highest reading since November 2008 (seasonally adjusted). All 20 cities had positive monthly gains, led by a 3.2 percent increase in Las Vegas."

Published with permission from RISMedia.


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Five Reasons to Invest in a Home Comfort System This Summer

June 3, 2013 6:12 am

In 2013 alone, homeowners are expected to spend more than $150 billion on home improvements. This forecast comes from the Remodeling Futures Program at Harvard University’s Joint Center for Housing Studies. With countless options available, many homeowners are left overwhelmed with the best way to spend their home improvement dollars. New York-based interior designer, author and TV star Cortney Novogratz recommends starting with an investment in home comfort.

“I tell my clients that you can spend a little less on decorative items so that you can really invest in the high-quality systems that are going to make your home functional and comfortable, especially in the summer months,” says Novogratz. “I urge my clients to ask themselves, what’s going to help you live better in your home? Often, that’s your cooling and heating system.”

While known for her eclectic decorating style that mixes high-end collectibles with flea-market finds, Novogratz is no stranger to what makes a home more habitable. She emphasizes that a quality cooling and heating system is one of the most important investments homeowners can make. Novogratz offers five reasons why a cooling and heating system is a smart investment for home remodeling this summer:

1. The impact on comfort. Many homes in the U.S. have cooling and heating systems that result in parts of the house being either unbearably hot or uncomfortably cold. Advanced technology should precisely adjust the temperature to a homeowner’s preference in each room. This allows homeowners to cool the rooms they use the most, while saving energy in less used areas of the house.

2. The utility costs. According to the Environmental Protection Agency (EPA), 50 percent of the average home’s energy bill can be linked directly to cooling and heating costs, amounting to approximately $1,100 per year. The right air-conditioning and heating system is the single most significant way a homeowner can save on utility costs, especially in the summer, when cooling costs can skyrocket. Ductless systems avoid the energy losses associated with ductwork, which the EPA estimates can account for more than 30 percent of energy consumption. Homeowners may be eligible to receive a tax credit of 10 percent, or up to $300, for qualifying systems through the American Taxpayer Relief Act of 2012.

3. The impact on the environment. By using systems that are made of mostly recyclable parts and use an environmentally friendly refrigerant that won’t pollute the environment, homeowners are doing their part to help conserve energy and resources.

4. The way you live in your home. Many times the cooling and heating system is a nuisance. Window air conditioners are unsightly, and traditional systems require extra space to accommodate ductwork, creating awkward room shapes and drop ceilings. Most newer systems can be easily installed in new construction and in older buildings. They can be controlled anytime, anywhere through a smartphone or other Internet-enabled device.

5. The quality of air your family breathes. “What is especially important to me with these systems is that I can be in control of the air my kids are breathing,” says Novogratz. Circulating room air effectively and having multiple allergen filters can greatly improve a home’s indoor air quality.

Source: Cortney Novogratz

Published with permission from RISMedia.


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Americans Are Among World's Top Tippers

June 2, 2013 6:12 am

TripAdvisor® announced the results of its tipping survey of more than 9,000 respondents of which 1,600 are in the U.S. According to the survey, 99 percent of Americans tip on vacation and of the group, 57 percent always do while traveling, compared to the average of 43 percent who always tip among seven other countries.

Americans are Likely to Leave a Tip
We asked travelers in local markets around the world how likely they are to tip on trips. Below are statistics on how often travelers from each country surveyed always tip while on vacation:

1. Germans – 69 percent
2. Americans – 57 percent
3. Russians – 53 percent
4. Brazilians – 40 percent
5. French – 39 percent
6. Brits – 39 percent
7. Spanish – 36 percent
8. Italians – 23 percent

TripAdvisor surveyed respondents in eight countries across the globe: U.S., U.K., France, Italy, Germany, Spain, Russia, and Brazil.

U.S. Tipping Trends
The greatest amount of U.S. respondents (59 percent) tip on vacation when staff go the extra mile.

Tips on Tipping
When traveling to other countries, only 16 percent of U.S. respondents said they always feel they are informed on how much to leave.
To better their knowledge of tipping abroad:

• 73 percent reference travel guides
• 48 percent read online reviews
• 46 percent check online forums
• 35 percent ask friends or family who have visited the country
• 26 percent get the lowdown from the locals

Tools for Tipping
To calculate the gratuity, mental math trumps technology:
• 85 percent calculate the tip in their head
• 18 percent use their smartphone
• 7 percent carry a tip conversion sheet

Tipping Troubles
Sixteen percent of U.S. respondents report they have been asked to leave a tip by staff, nine percent cite they have been confronted about the tip, and three percent admit that a tipping situation has ruined their vacation.

Source: TripAdvisor

Published with permission from RISMedia.


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Foreclosure Inventory Down 24 Percent Nationally from One Year Ago

June 2, 2013 6:12 am

CoreLogic® released its April National Foreclosure Report, which provides data on completed U.S. foreclosures and the national foreclosure inventory. According to CoreLogic, there were 52,000 completed foreclosures in the U.S. in April 2013, down from 62,000 in April 2012, a year-over-year decrease of 16 percent. On a month-over-month basis, completed foreclosures remained flat at 52,000*, the same number reported for March 2013.

As a basis of comparison, prior to the decline in the housing market in 2007, completed foreclosures averaged 21,000 per month nationwide between 2000 and 2006. Completed foreclosures are an indication of the total number of homes actually lost to foreclosure. Since the financial crisis began in September 2008, there have been approximately 4.4 million completed foreclosures across the country.

As of April 2013, approximately 1.1 million homes in the U.S. were in some stage of foreclosure, known as the foreclosure inventory, compared to 1.5 million in April 2012, a year-over-year decrease of 24 percent. Month over month, the foreclosure inventory was down 2 percent from March 2013 to April 2013. The foreclosure inventory as of April 2013 represented 2.8 percent of all homes with a mortgage compared to 3.5 percent in March 2013.

“The shadow of foreclosure and distress continues to fade, with the annualized sum of completed foreclosures having declined for 17 straight months,” said Dr. Mark Fleming, chief economist for CoreLogic. “Six states have year-over-year declines in the foreclosure inventory of more than 40 percent, and in Arizona and California the year-over-year decline is more than 50 percent.”

“The shadow inventory continued to drop in April as the number of completed foreclosures fell by 16 percent on a year-over-year basis,” said Anand Nallathambi, president and CEO of CoreLogic. “Fewer distressed properties combined with improving home prices and a pickup in home purchases are significant signals that the ongoing recovery in the housing and mortgage markets continues to gather steam.”
Highlights as of April 2013:

• The five states with the highest number of completed foreclosures for the 12 months ending in April 2013 were: Florida (102,000), California (79,000), Michigan (68,000), Texas (53,000) and Georgia (47,000). These five states account for almost half of all completed foreclosures nationally.
• The five states with the lowest number of completed foreclosures for the 12 months ending in April 2013 were: South Dakota (81), District of Columbia (100), North Dakota (461), Hawaii (466) and West Virginia (527).
• The five states with the highest foreclosure inventory as a percentage of all mortgaged homes were: Florida (9.5 percent), New Jersey (7.4 percent), New York (5.1 percent), Maine (4.4 percent) and Nevada (4.3 percent).
• The five states with the lowest foreclosure inventory as a percentage of all mortgaged homes were: Wyoming (0.5 percent), Alaska (0.6 percent), North Dakota (0.7 percent), Nebraska (0.8 percent) and Virginia (0.9 percent).

Source: Corelogic

Published with permission from RISMedia.


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Young Americans Display Interest in Buying a Home This Year

June 2, 2013 6:12 am

Among Americans ages 18 to 34, a total of 41 percent (46 percent men and 36 percent women in that age group) display an interest in buying a home this year. Of those in this age group who display an interest, 17 percent of men and about 6 percent of women see their finances as shaky but still think they can swing buying a home this year.

Among all Americans displaying an interest in buying a home this year, 10 percent of men and 4 percent of women said their finances were shaky but still think they can swing buying a home.

Leading market research firm Harris Interactive conducted a survey online among 2,064 U.S. adults ages 18 and older from April 18-22, 2013. The survey was conducted after the federal tax filing deadline, when Americans generally have a clearer picture of their financial health. Overall, across age groups, 30 percent of Americans display an interest in buying a home during the next year.

Other interesting findings of the survey are:

• Only 20 percent of those tax filers who are separated, divorced or widowed have or had an interest in buying a home this year, which is significantly less than those who are married (31 percent) or single and never married (38 percent).

• Of those displaying an interest in buying a home this year, those in households with children under 18 years old are significantly more likely than households without to indicate they can't afford a home this year (24 percent versus 14 percent, respectively). However, they are also twice as likely as those without to indicate that, after seeing their taxes, they know their finances are stressed but still believe they can manage buying a home this year (11 percent and 5 percent, respectively).

Source: www.dhltd.com

Published with permission from RISMedia.


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Netwatch Offers Six Tips for Vacant Home Protection

June 2, 2013 6:12 am

Metal theft continues to attract thieves across the country. Among the targets most often hit are recently foreclosed and vacated homes. These sites pose challenges to owners and banks who attempt to ward off would-be copper thieves, squatters and intruders. While unsalable homes are still a relatively small part of the national inventory of foreclosed properties, the Department of Housing and Urban Development reports that the worse the economy is in a particular region, the more damaged and vandalized foreclosed homes are likely to be.

Netwatch USA offers six tips to prevent vacant or foreclosed homes from falling victim to copper theft or potential occupation by trespassers or squatters:

• Keep up with lawn care and exterior maintenance. This will not only increase curb appeal once it’s ready to sell, it will also let would-be trespassers know that the house is regularly visited and may, in fact, be inhabited. Be sure to keep gutters clean, snow shoveled, and the lawn mowed. Be sure to remove all ladders and tools after maintenance to prevent them from being used for break-ins.

• Park a car in the driveway. If you have an extra car, keeping it in the driveway can be enough to make the house look inhabited. You may also want to ask a trusted neighbor to park in the driveway.

• Invest in automatic interior and exterior lights. Keeping pathways, doorways, and interiors well-lit may scare off potential burglars. Consider automatic lights for the exterior and lights on timers for the interior.

• Lock up your circuit breaker. Effective lighting and certain surveillance equipment requires electricity, so lock the door to your circuit breaker. If kept unlocked, thieves can easily access the breaker and cut off the electricity, therefore, disabling lighting and some traditional burglar alarms. To minimize electrical fire risk, turn off all unnecessary electrical circuits.

• Manage where the vacant property’s address is published. Until the property is ready to sell, keep the address as private as possible. Thieves will access lists of vacant homes, which will make it easier and more efficient for them to find and break in to homes.

• Check that you have the correct type of insurance. Confirm with your insurance company to see if your policy needs to change now that the property is vacant. More often than not, carrying construction companies’ risk policy will adequately cover you from copper theft and vandals.

“Abandoned homes are, by their nature, a challenge to protect and are especially vulnerable to copper thieves,” said Netwatch CEO David Walsh. “Simply nailing plywood to windows and doors is not enough to scare off intruders and can easily be removed by saws and pry bars. Protecting your property with an effective surveillance system along with proper security measures will discourage potential copper thieves."

Published with permission from RISMedia.


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How to Recover Storm Damaged Cars

June 2, 2013 6:12 am

The process of recovering and rebuilding from severe weather can be daunting, but when it comes to damaged or destroyed cars, it’s best to begin as soon as possible.

You can get an idea of whether you have coverage for storm-related damages by getting out your policy and seeing if comprehensive (also sometimes referred to as "other than collision") coverage is included.

This coverage type is not required by law and is the only one that will compensate drivers for vehicle damages caused by weather-related events like tornadoes and hail.

Drivers without this type of protection can prepare for the next storm by checking to see how much it would cost to add it to their policy by using an online quote-comparison tool.

Know your deductible
If you do have this coverage type, one thing you should be aware of is your deductible.

When you bought your policy, you and your agent or insurer agreed on a set dollar amount that you would have to pay before your comprehensive coverage actually kicks in. So if you have a $500 deductible and the damage to your car will cost $1,500 to repair, you'll likely have to pay your insurer $500 before they cover the remaining $1,000.

Filing your claim
To start your claim, call your agent or your insurance company's claims hotline with your policy information in hand. The number for the claims hotline may be on the proof of insurance card you keep in your glove box. If not, you can likely find it on the company website.

If you feel that temporary vehicle repairs are necessary to prevent further damage, ask the contact at your insurance company about the best way to go about doing that. The best route may end up being paying for the temporary repairs, saving the receipt and then seeking reimbursement from your insurer.

Also, make sure to take photos of the damage.

Source: www.onlineautoinsurance.com

Published with permission from RISMedia.


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How to Give a Home Curb Appeal for a Faster Sale

June 2, 2013 6:12 am

One of the first things a potential buyer sees is your front yard. A well maintained yard instantly increases your home’s value by as much as 10 percent. Here are some top tips for lawn care and landscaping:

Mulch: Adding a layer of mulch to gardens and other non-grassy areas is an inexpensive way to make your yard look nicer. It also helps prevent weeds, so your yard will look better, longer.

Refresh Planters: Think about planting brightly colored plants and flowers. They don’t cost that much and instantly make your home look better. If you don’t have planters, consider investing in some. Not only can they help improve the curb appeal at your current home, you can take them with you when you move.

Prune: Trim trees and shrubs. You don’t want a potential buyer’s first impression of your home to be that you neglect maintenance issues. It’s also a good idea to take a look at your perennial plants. If a plant doesn’t look healthy, remove it. If you don’t want to invest in replacing the plant, put a decorative planter in its place.

Remove plants you want to keep: It’s misleading to show a potential buyer plants you don’t intend to include with the sale. Many states even have restrictions preventing you from doing so.

Clear Clutter: Remove anything that is making the yard look cluttered, such as toys, lawn ornaments and large furniture. They can make your yard look smaller and less attractive to potential buyers.

Mow Regularly: This may seem obvious, but an unruly lawn may have potential buyers wondering what else you have let go in and around your home.

Source: Pillar To Pos
t

Published with permission from RISMedia.


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A Group Vibe Can Help You Get Fit, Give Back

May 29, 2013 11:36 pm

It may come as no surprise that sharing a diet plan or an exercise routine with a friend can help you stay on track.

“Adding public commitment to personal dedication is often what keeps you from falling off the wagon,” said Crunch fitness instructor Amy Flores.

One overweight mom in Missouri lost 70 pounds in seven months by taking the strategy one step further, Flores said – posting her commitment on a Facebook Page and inviting several dozen friends to not just join her in losing weight, but to donate cash to a favorite cause for every pound they lost.

“Once she took her goal public,” Flores said, “she didn’t dare fall off the wagon until she reached goal – and the same strategy could work whether you want to shed pounds, stop smoking, or accomplish any other health and fitness goal.”

Flores offers three tips for those who want to put the strategy in place:

• Give people plenty of notice – Whether you want your friends to donate money for each pound you lose, or donate to a charity of their choice as they work to hit their own goals, determine a start date and post your notice publicly several weeks before you plan to begin.

• Make tracking easy – Create a donation page on a site like GoFundMe or Causes, which provide easy templates to help you set a goal, track your progress, and share it via email and/or Facebook.

• Offer alternatives – Some of your friends may be glad to participate with the cause you have suggested. But give these willing pledgers an option for choosing a charity they care about, which may inspire them to donate more generously.

However you choose to proceed, Flores said, getting others involved will strengthen your commitment to achieving your goal and inspire others to do the same in a fun and positive way.

Published with permission from RISMedia.


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