Tag Archives: Armonk NY Homes for Sale

Armonk NY Homes for Sale

Foreclosure rate at 13 year low | Armonk Real Estate

National foreclosure rates continued their recovery in 2018 from their peak during the Great Recession.

Foreclosure filings were reported on one out of every 215 homes last year. That’s down markedly compared with the filings on roughly one in 47 homes in 2010. Last year’s rate is the lowest since at least 2005.

The 2018 U.S. Foreclosure Market Reportshows the national foreclosure rate has been falling steadily for the last eight years, reaching a 13-year-low of 0.47 percent in 2018.

However, the foreclosure picture can look different at the state level.

Almost a third of states saw the number of foreclosure filings — default notices, scheduled auctions and bank repossessions — against homes climb last year, according to the report from ATTOM Data Solutions.

“Plummeting foreclosure completions combined with consistently falling foreclosure timelines in 2018 provide evidence that most of the distress from the last housing crisis has now been cleaned up,” says Todd Teta, chief product officer for ATTOM.

But some evidence of distress was gradually returning to the housing market in 2018, Teta says.

States with the highest foreclosure rates

The states with the highest foreclosure rates were clustered in mostly in the Northeast.

New Jersey has had the highest rate since 2015 and had 1.33 percent of housing units with foreclosure filings last year. Delaware had 0.96 percent; Maryland 0.86 percent; Illinois 0.74 percent and Connecticut 0.72 percent.

States with the lowest foreclosure rates

North Dakota was among the places where foreclosure rates increased from 2017 to 2018. But the Roughrider State’s real estate economy remains strong comparatively.

North Dakota had the lowest rate of housing units with foreclosure filings last year (0.06 percent). South Dakota had 0.07 percent; Montana 0.11 percent and West Virginia 0.12.

Alaska has the fastest-rising foreclosure rate

Alaska’s economy has been struggling in recent years after oil prices dipped in 2014, but the state’s real estate market has proved fairly resilient, according to Terry Fields, assistant professor at the College of Business and Public Policy within the University of Alaska Anchorage.

The data from ATTOM shows homeowners in The Last Frontier may be starting to feel the pressure. A total of 1,145 properties were in the process of foreclosure in 2018 — up from 614 in 2017.

The foreclosure rate in Alaska grew the fastest of all 50 states, rising from 0.20 percent in 2017 to 0.37 percent last year, according to ATTOM.

While local economists are keeping an eye on Alaska’s real estate market, foreclosures are still significantly below the levels they were during the Great Recession and previous bust periods in Alaska, Fields says.

read more…

https://www.bankrate.com/mortgages/foreclosure-rates/

Westchester median sales price up 1.2% in 2018 | Armonk Real Estate

WHITE PLAINS—While remaining robust, residential sales in some areas of the lower Hudson Valley were slightly lower in 2018 than the historic highs of the past two years. In 2018, Westchester, Rockland and Orange counties all experienced declines in the number of residential sales as compared to 2017, according to the “2018 Annual and Fourth Quarter Residential Real Estate Sales Report for Westchester, Putnam, Rockland and Orange Counties, New York” released on Jan. 9 by the Hudson Gateway Multiple Listing Service, Inc.

Putnam, Bronx and Sullivan counties, which are also served by the Hudson Gateway Multiple Listing Service, were the exceptions experiencing increases in residential sales of 4.7% in Sullivan, 1.9% in Putnam and 1% in Bronx County in 2018.

The lower Hudson Valley experienced historically low inventories of single-family homes at the beginning of the year, which may have contributed to an initial decline of sales. Rockland County, which experienced an 11.5% drop in sales of single-family homes, also saw an increase of 11.4% in sales of 2-4 family homes and an increase of 2.5% in condo sales. Days on market, the number of days from the time a home is listed for sale to the time of a fully executed contract of sale, was significantly lower in all counties.

Another indication of healthy demand in the housing market was the increase in sales price in all counties. Westchester County, which had the highest number of single-family home sales at 5,876 units, experienced a rise of 1.2% in median price to $650,000, up from $642,000 a year earlier. Orange County, with 3,827 units sold, saw an increase of 6.4% in its median to $258,600 from $243,000 a year earlier. Despite the diminution of units sold in Rockland County, the median sales price rose 4.5% to $460,000 from $440,000 a year earlier. Putnam County, which had a 2.2% increase in unit sales, also had a 3.7% increase in median price rising to $350,000 from $337,500 a year earlier.

Overall, in 2018, 21,338 residential units were sold in the areas covered by Hudson Gateway Multiple Listing Service. This was a drop of 2.6% from the prior year. Possible headwinds for the housing market for 2019 continue to be the unknown effect of the tax reform law of 2018, which limits the deductibility state and local taxes, and a volatile stock market. However, given the improving inventory numbers, continuing attractive mortgage interest rates, high employment in the region, and a healthy economy it is anticipated that the market will remain vibrant in 2019.

The Hudson Gateway Multiple Listing Service, Inc. (HGMLS) is a subsidiary of the Hudson Gateway Association of Realtors, Inc. (HGAR). HGMLS’s principal service area consists of Westchester, Putnam, Rockland, Orange and Sullivan counties. It also provides services to Realtors in Bronx, Dutchess and Ulster counties.

The reported transactions do not include all real estate sales in the area or all sales assisted by the participating offices, but they are fairly reflective of general market activity. HGMLS does not provide data on sub-county areas, but persons desiring such data are invited to contact Realtor offices in the desired areas. Prior reports back to 1981 as well as current market information and a directory of Realtor members are available on the Association’s website at www.hgar.com.

Note: The median sale price is the mid-point of all reported sales, i.e., half of the properties sold for more than the median price and half for less. The median is relatively unaffected by unusually high or low sales prices. The mean sale price is the arithmetic average, i.e., the sum of all sales prices divided by the number of sales. The mean does reflect the influence of sales at unusually low or high prices.

read more…

Towns that pay you to move there | Armonk Real Estate

  1. Detroit, Michigan                           Several employers in Detroit, Michigan, including Blue Cross Blue Shield and Quicken Loans, will pay their employees to live downtown, close to where they work. New renters can receive $3,500 over two years toward the cost of their apartment, and those who renew leases can receive $1,000. And if you buy a new home in an eligible neighborhood, you could be looking at $20,000 in forgivable loans toward the purchase of a primary residence.
  2. Baltimore, Maryland                        It pays to buy a home in Baltimore—literally! Qualifying buyers can receive $5,000 toward the purchase of a primary residence through the Buying Into Baltimore or City Living Starts Here programs. Those willing to buy a home that has been vacant can apply to the Vacants to Value Booster Program, which awards $10,000 to eligible home buyers to put toward closing costs.
  3. Niagara Falls, New York                    Niagara Falls wants to attract more than just tourists—and they’re looking for young people, in particular. In an effort to combat its population decline and recruit new residents, the city of Niagara Falls promises to pay off up to $7,000 in student loan debt over two years for any recent graduates who live near Main Street.
  4. New Haven, Connecticut                     New Haven, Connecticut, is really rolling out the red carpet for new residents. First-time home buyers can receive up to $10,000 in forgivable loans to put toward down payments and closing costs. And for anyone buying a historic (and out-of-date) home, New Haven may provide up to $30,000 in forgivable loans to perform energy-saving upgrades. Plus, parents of school-age kids may not have to sock away money for college, thanks to the city’s commitment to provide free in-state college tuition to any child who graduates from New Haven public schools.
  5. Anywhere, Alaska                                    Do you dream of living in Alaska? If you do, you could earn $1,000 a year just for living there. The state of Alaska maintains a Permanent Reserve Fund that pays dividends to residents who have lived in the state for at least one calendar year and plan to remain there indefinitely. So, pack your thermals and head out for a new life of adventure.
  6. Harmony, Minnesota                              With a population that hovers around 1,000, Harmony, Minnesota, wants to grow. If you build a brand-new home there, the Harmony Economic Development Authority will give you up to $12,000 in the form of a cash rebate. Nestled in the midst of some of the Midwest’s biggest farms, “The Biggest Little Town in Southern Minnesota” may be the perfect destination for anyone who loves country life but still wants modern amenities like shops, restaurants, and quality schools.
  7. Marquette, Kansas                                  Marquette, Kansas, will give you land to build a home—for free. This small town in the heart of America wants to attract new families to the Westridge area, where residents can enjoy spectacular views of the sunset and rolling hills, typical of the big-sky prairie. With only 650 residents, it’s a place where neighbors know each other and parents feel comfortable letting their kids play outside and walk to school.
  8. Lincoln, Kansas                                         Lincoln, Kansas, has built a completely new subdivision filled with zero-dollar lots for eligible newcomers to build a home. The small-town neighborhood boasts proximity to the city park, baseball field, and the junior-senior high school as well as the Lincoln Carnegie library, the golf course, and the rolling hills overlooking the Saline River.
  9. Curtis, Nebraska                                         Free home sites are available to build new homes in the Roll’n Hills subdivision of Curtis, Nebraska. Described as Nebraska’s Easter City—a nod to their annual Palm Sunday pageant—Curtis has a 9-hole golf course and is home to the Nebraska College of Technical Agriculture.

read more…

https://www.bobvila.com/slideshow/9-towns-that-ll-pay-you-to-move-there-50850#new-haven-connecticut-housing-incentive

Canada Housing Starts fall | Armonk Real Estate

Housing starts in Canada decreased to a seasonally adjusted annualized rate of 172,965 units in December of 2015 from an upwardly revised 212,028 units in November and well below market expectations of 200,000 units. Urban starts dropped 19.1 percent to 159,007 units. The multi-unit segment shrank 27 percent to 101,264 units while the single-detached segment held steady at 57,743 units. In December, urban starts decreased in the Prairies, Ontario, and Atlantic Canada, but increased in British Columbia and Québec. Rural starts were estimated at a seasonally adjusted annual rate of 13,958 units. Housing Starts in Canada averaged 183.42 Thousand from 1977 until 2015, reaching an all time high of 291.60 Thousand in March of 1978 and a record low of 90.70 Thousand in August of 1982. Housing Starts in Canada is reported by the Canada Mortgage And Housing Corporation.

Canada Housing Starts
read more…
http://www.tradingeconomics.com/canada/housing-starts

 

Mortgage rates average 3.96% | Armonk Real Estate

Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates largely unchanged heading into the holiday weekend.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 3.96 percent with an average 0.6 point for the week ending December 24, 2015, down from last week when it averaged 3.97 percent. A year ago at this time, the 30-year FRM averaged 3.83 percent.
  • 15-year FRM this week averaged 3.22 percent with an average 0.6 point, unchanged from last week. A year ago at this time, the 15-year FRM averaged 3.10 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.06 percent this week with an average 0.4 point, up from last week when it averaged 3.03 percent. A year ago, the 5-year ARM averaged 3.01 percent.
  • 1-year Treasury-indexed ARM averaged 2.68 percent this week with an average 0.2 point, up from 2.67 percent last week. At this time last year, the 1-year ARM averaged 2.39 percent.

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following links for theRegional and National Mortgage Rate Details and Definitions. Borrowers may still pay closing costs which are not included in the survey.

As of January 1, 2016, the PMMS will no longer provide results for the 1-year ARM. Additionally, the regional breakouts will not be provided for the 30-year and 15-year fixed rate mortgages, and the
5/1 Hybrid ARM.

Quote
Attributed to Sean Becketti, chief economist, Freddie Mac.

“Treasury yields dropped slightly as the holidays approach. Mortgage rates remain largely unchanged, with the 30-year mortgage rate ticking down a basis point to 3.96 percent. As we mentioned last week, long-term interest rates will not spike in response to the Federal funds rate increase. While we expect the 30-year mortgage rate to be above 4 percent in early 2016, we anticipate rates will gradually increase, averaging 4.4 percent for the year.”

Armonk Zero Waste Day | Armonk Real Estate

ZERO WASTE DAY

 Saturday, April 25  9:00 am – 3:00 pm

(rain or shine) 

Behind Town Hall

15 Bedford Road, Armonk

E-Waste 

Used Motor, Antifreeze and Cooking Oil

Paper Shredding 

Scrap Metals 

Household Furniture 

Spring & Summer Clothing and Linens

Adult & Children’s Bicycles 

Dog & Cat Supplies 

ZWD volunteers will help unload your donations.

~~~~

TOWN CLEAN UP DAY

 Sunday, April 26  9:00 am – 3:00 pm

 

Help pick up roadside trash and recyclables 

 

Contact: CleanUpNorthCastle@gmail.com

 

Pick Up bags & Safety Vests at 

Town Hall, Community Center NWP, and Banksville Firehouse

Climb to Price Peaks Resumed in November | Armonk Real Estate

Though sales petered out in November, they were strong enough to continue America’s steady climb out of price troughs that drove more than 6 million American families into foreclosure.

Among the nation’s top 100 largest markets, 93 markets increased their three month average index point change in November, up 35 markets from October, according to Homes.com, which has been tracking the rebound market-by-market since 2013.

Black Knight Financial Services also found that the gap between peak and current median prices narrowed during the month.  In November, national median prices were only 10.1 percent below the national peak of $206,000 reached in June 2006.

Price Rebounds Resumed in Fourth Quarter

Some 111, or 37% of the nation’s top 300 markets have reached or surpassed their price peaks during the housing boom, and the average rebound percentage of all 300 markets affected by the Great In November was 95.49%, which was slightly higher than 95.29% recorded in October.

Markets that lost the least value during the Great Recession are rebounding the fastest. The markets with a peak-to-trough decline of less than 10% had an average rebound percentage of 106% in November. Of the markets that lost 10% to 20% of value, the average rebound percentage reached 98% of the prior peak price in November. Of the markets that experienced the most severe price decline, the average rebound percentage was 81%.

“Lower interest rates, healthy inventories and moderating prices contributed to an improved rebound picture in November. As more and more markets reach and maintain rebound status, equity continues to be restored to thousands of homeowners and could be an indicator of a much stronger market in 2015,” said David Mele, president of Homes.com.

South Maintains Momentum in Largest Markets

The South continued to dominate recovery with 20 markets seeing rebound percentages greater than 100%. The West came in second place with eight markets over a 100% rebound, according to Homes.com’s data.

In November, the top ten markets with the highest three month average percent change were spread between the South, West and Midwest – four markets in the South and three each in the West and Midwest. The seven markets that did not see increases over a three month average are located in the Northeast region, specifically in the New England area. The three month average percentage for the top ten markets ranged from 0.42% to 0.61%, higher than the 0.23% to 0.40% seen in October’s data. The

Three month average percentage change for all top 100 markets was 0.22%, which is significantly higher than the 0.02% recorded last month.

 

read more…

 

http://www.realestateeconomywatch.com/2015/01/climb-to-price-peaks-resumed-in-november/

 

From ‘Dawson’s Creek’ Creator to ‘The Simpsons’ Voice Actor | Armonk Real Estate

 

While the rest of us were eating Thanksgiving dinner and celebrating the arrival of a new year, these celebrities were buying or selling their homes for the holidays.

Hank Azaria

2120 N Beverly Dr, Beverly Hills, CA

For sale: $3.5 million

After reportedly selling his New York loft to Meg Ryan last summer, “The Simpsons” voice actor Hank Azaria put his Prairie School home in Beverly Hills on the market for $3.5 million.

Hank Azaria's home

Azaria paid $2 million for the gated 3,320-square-foot home in 2000. It has 4 bedrooms, 5 baths, three stone fireplaces, a pool and a hot tub.

Hank Azaria's bedroom

Victoria Massengale at Keller Williams and Susan Smith of Susan Smith Realty hold the listing and are hosting a few open houses this month, if you happen to be near the 90210 zip code.

Kevin Williamson

Bought: $8.1 million

The Los Angeles Times reports that major Hollywood player Kevin Williamson — creator of “Dawson’s Creek,” “The Vampire Diaries” and “The Following” — bought this Nantucket-style home in Los Angeles. Tim Enright of The Enright Company was the listing agent.

Kevin Williamson's home2 (1)

Mark Seliger

2622 Glendower Ave, Los Angeles, CA

Sold: $4.52 million

Mark Seliger, a photographer known for his stunning portraits of famous people, including Mikhail Baryshnikov, Jeff Bridges, Christopher Walken and Kurt Cobain, sold architect Richard Neutra’s Alpha Wirin House in December after owning it for a decade.

Mark Seliger's home

Seliger restored the home, which was built in 1949 and includes walls of glass overlooking Los Angeles.

 

read more…

 

http://www.zillow.com/blog/celebrity-roundup-azaria-williamson-167444/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+ZillowBlog+%28Zillow+Blog%29

The Coolest, Airiest New Tiny House Hails From South Africa | Armonk Real Estate

pod.jpgPhoto courtesy of Pod-Indawo

Motivated by the challenge of sustainable urban living, which has already propelled countless tiny homes and prefab housing efforts around the world, Johannesburg-based architect Clara da Cruz Almeida set out to design a micro home especially well-suited for South Africa. The result, unveiled last week at a local design fair, is Pod-Indawo, a modular prefab dwelling that promises to shave some money off the energy bill without sacrificing comfortable design.

A look inside, this way. >>

Basic pod units measure 183 square feet each, but can also combine in various configurations to form larger, multi-use living areas. As seen in these photos, the Pod looks quite spacious and airy. This is a product of the structure’s steep height (which also maximizes solar-energy capture on the roof), and of course, the work of interior and product design firm Dokter and Misses, who collaborated with Almeida on the project. The designers chose a light and calming palette of white, mint green, and grey, and in order to create more space and avoid clutter, prioritized features like a fold-down table, fold-away couches, and enclosed storage. Furnishings aside, the Pod also tries to engage with the outdoors, as exemplified by the shaded “backyard deck” and the ventilating circular opening near the lofted bed.

 

read more…

 

http://curbed.com/archives/2014/11/14/indawo-life-pod-south-africa-prefab-home.php

Arthur Elrod Designed This $2.15M Palm Springs ‘Showpiece’ | Armonk Homes

41 images

Location: Palm Springs, California
Price: $2,150,000
The Skinny: Arthur Elrod, the interior wizard best known for the UFO-like residence he commissioned from John Lautner, designed the inside of this $2.15M Palm Springs home. Located in the “prestigious” neighborhood of Old Las Palmas, it’s got all kinds of “quintessential Palm Springs glamour” on display, in the words of the Sotheby’s listing, with swanky floor-to-ceiling double doors opening onto an “exceptional great room” with 14-foot ceilings, rear walls of glass, and a wet bar backed by a geometric mirrored wall. The walls and doors of the living room, lounge, and office are clad in handsome cyprus pecky wood. Off the upgraded kitchen, an informal dining area has French doors that open out onto a backyard hidden by tall hedges, with a pool and a built-in barbecue.

 

read more…

http://curbed.com/archives/2014/11/05/arthur-elrod-palm-springs-for-sale.php