Tag Archives: Armonk NY Homes for Sale

Armonk NY Homes for Sale

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
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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.

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


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

(rain or shine) 

Behind Town Hall

15 Bedford Road, Armonk


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.



 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.


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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.


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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.


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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.


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Armonk Outdoor Art Show Sept 20-21 | #ArmonkRealEstate


College grads face high hurdles to buying first homes | Armonk Homes

Recent graduates who are saddled with student debt and want to get on the property ladder will have to earn roughly one-third more annually (or $8,969 more, on average) than those who are debt-free, according to new research from real-estate website RealtyTrac.

To reach that figure, RealtyTrac took the median home price for each state and county, and calculated the minimum amount of income that would be needed to qualify for a loan to buy a house at that price. (RealtyTrac assumed a 20% down payment and a 4.13% 30-year fixed loan with a maximum debt-to-income ratio of 43%, which is the maximum ratio for a “qualified mortgage” under Consumer Financial Protection Bureau rules).

“To overcome the additional debt from student loans, indebted college graduates need to make more income than college graduates without student loans to be able to afford a home,” says Daren Blomquist, vice-president at RealtyTrac.

Of course, this also depends on where the student lives. “The average student loan debt varies from state to state and, somewhat counterintuitively, some of the most expensive states for housing also have the lowest average student loan debt,” Blomquist explains. California has one of the lowest levels of student loan debt, for example, but also some of the highest house prices in the country.



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Vital insurance questions answered | Armonk Real Estate


Winston Churchill once described the Soviet Union as “a riddle wrapped in a mystery inside an enigma.” The same might be said of insurance in its varied forms.

You know you should have a comprehensive, cost-effective network of coverage, but what you need and how much can be confusing. Here are answers to 15 of the most commonly asked questions about insurance:

1. What sorts of insurance do I need?

Most people need to be concerned with insuring four areas: their possessions, their life, their health and their finances.

2. When you’re talking about possessions, does that mean homeowners insurance is the most important?

Probably, because a house is likely to be the single biggest investment most of us make. The rule of thumb with homeowners insurance is not to skimp. If you can, pay extra for guaranteed-replacement coverage, which mandates that the insurer will replace your home if it is destroyed, regardless of the cost. If you instead specify a dollar amount of coverage, and it’s not enough, you could end up paying the difference.

3. Once I have guaranteed-replacement coverage for my home, I’m all set, right?

Well, it’s important to know what your homeowners insurance covers and what it doesn’t. For example, particularly pricey items such as big-screen televisions and fancy stereo equipment are often excluded from policies or, at the least, inadequately covered. The same goes for antiques, collectibles, expensive jewelry and furs. Ask for riders that specifically cover those items.



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