Tag Archives: Armonk NY Homes

Armonk NY Homes

Cute Clinton Hill Townhouse Asks $2.6 Million, and More | Armonk Homes


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↑ First up on the Roundup is this cute little townhouse in Clinton Hill. Built in the 1860s, it has carved marble mantels, ceiling plasterwork, oak flooring, 10-foot ceilings, and exposed beams. There’s also a planted garden. Asking price is $2.599 million.

More townhouses in Boerum Hill, Carroll Gardens, and Park Slope after the jump >>

↑ Up next is this two-building property in Boerum Hill. The lot includes a brick townhouse, a contemporary carriage house, and a very nice landscaped garden. The 1800s townhouse has original wide plank floors, tin ceilings, and marble mantles, while the carriage house has a huge kitchen and three floors of living space. It’s asking $3.3 million.



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Transunion: Mortgage delinquency rate falls to mid-2008 low | Armonk NY Homes


The mortgage delinquency rate has declined more than 24% in the last year, down from 4.76% in Q1 2013, and it is now at the exact same level as it stood in Q2 2008.

“It’s encouraging to see mortgage delinquencies drop once again, especially during a period when mortgage originations slowed considerably,” said Steve Chaouki, head of financial services for TransUnion. “This trend in improved performance is driven in part by lenders working their way through the foreclosure backlog, along with continued conservatism in underwriting new mortgages.”

All 50 states and the District of Columbia experienced declines in their mortgage delinquency rates between Q1 2013 and Q1 2014.

The largest percentage declines continued to occur in states most impacted by the mortgage crisis – Arizona (down 37.8%), California (down 36.9%) and Nevada (down 34.0%). Both Arizona (2.81%) and California (2.80%), which just five years earlier had delinquency rates nearly double the national average, are now significantly lower than the rest of the nation.



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Lending standards aren’t getting looser | Armonk Real Estate


Lending standards aren’t getting looser; the market is changing.

That’s the findings from a study by the Urban Institute.

Study authors Jun Zhu, Laurie Goodman and Bing Bai say that market composition change explains the decrease in average credit scores for conventional and Federal Housing Administration mortgages.

Despite rising home prices, the mortgage lending rules have remained tight, inhibiting housing demand and economic growth, they say.

The price of FHA mortgages compared to agency loans with private mortgage insurance have driven would-be FHA borrowers to the GSEs, according to the report.

“Our analysis shows credit scores on conventional mortgages sold to government-sponsored enterprises like Fannie Mae and Freddie Mac averaged 752, down from 758 a year earlier. Credit scores on purchase loans backed by FHA declined even more, averaging 686, a 11-point drop down from 697,” the study says. “But pooling the loans together reveals that credit scores actually remained the same. The average credit score of all purchase loans stayed around 730 during the one-year period—no actual credit easing.”



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Let customer feedback shape the evolution of your product and it will sell itself | Armonk Homes


A lot of companies are started out of frustration, trying to solve a problem that their founders don’t see an available solution for, says Onvedeo founder and CEO Boubou Guiro.

Guiro says that was certainly the case for him. As a would-be homebuyer, the time he squandered visiting properties that weren’t always as they were depicted online convinced him that the solution was a video marketing platformm scalable so that it was affordable enough for every broker and agent to employ on all their listings.

Now he’s passing along the insight he’s gained building the company. He advises his fellow entrepreneurs to keep testing their product, and evolving it based on customer feedback.

“I truly believe the product is going to be the best marketing and the best sales tool you’re going to get,” he says. “If people love your product, you don’t really need to do much after that, besides just making them aware of it.”



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Sacramento home sales still hot, but not burning | Armonk Homes


As a region, Sacramento still ranks in the top 10 in the nation for turning over home inventory, but as other metrics have also shown, sales are quite a bit slower than a year ago.

According to rankings compiled by Trulia, 45 percent of all homes for sale in the region have been on the market for two months or more, good enough for ninth nationally. The figure was 41 percent a year earlier, when Trulia noted both investor buys and rapid price appreciation fueled by bidding wars were much more common, making the market that much more active.

The slight cool down, only 4 percent below a year earlier, reflects mostly more inventory on the market, which is still a sellers’ market overall, according to Trulia.

By comparison, in Virginia Beach, Va., 72 percent of homes on sale now were also on the market two months ago.

Of the overall list, every city above Sacramento was on the West Coast and almost all on or near the Pacific Ocean, with Denver, at fourth, the only exception.

In Oakland, which topped the list, 29 percent of the homes on the market had been there two months or longer, and asking prices were 22.7 percent higher than a year earlier. Sacramento asking prices have risen by 22.2 percent, according to Trulia figures.




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Cost of Solar Energy Plummets | Armonk Real Estate


If you’re thinking about switching to solar energy, now’s the time. Prices have never been lower, and in some areas, PV systems can now produce electricity at a cost that’s competitive with — or even lower than — conventional electricity from coal, nuclear or natural gas.

That’s right — the day we’ve all been waiting for has finally arrived. The cost of solar energy rivals electricity produced by much less environmentally friendly sources. What’s more, the cost of solar power will continue to fall while the price of conventional fuels spirals upward.

The cost of a residential solar power system has dropped about 40 percent in just the last two years. As a result, the lifetime cost of solar electricity produced by these systems now competes with conventional electrical power plants. In places where electricity sells for a premium, it’s competitive even without subsidies. In New Jersey, for instance, conventional electricity costs about 17 cents per kilowatt-hour (kwh). A residential solar power system can produce electricity at or slightly lower than that price, without any incentives.

Families in many major cities are paying 10 to 12 cents per kwh for conventional power, and soon, many in the Midwest will pay up to 15 cents/kwh for conventional power. Meanwhile, in the Midwest, the unsubsidized cost of solar power is about 13.7 cents/kwh, and a 30 percent federal tax credit drives that cost down to 9.6 cents/kwh.

Rebates that are available from some utilities lower the price even more. In St. Louis, Ameren offers a $2 per watt rebate based on installed capacity. A 5 kilowatt system would receive a $10,000 rebate as soon as the system is up and running. This incentive drives the cost of solar energy down even further — to 7.1 cents/kwh. That’s much cheaper than conventional power. In addition, the cost of solar electricity will remain the same for the life of the system — at least 30 years, maybe longer. This provides a tremendous hedge against inflation.

Ameren and other U.S. utilities also are currently buying renewable energy credits from their customers, which help utilities meet state-mandated goals for renewable energy production. Ameren pays $50 for every 1,000 kwh of electricity a solar electric system will produce for 10 years, regardless of the amount of power consumed by the system owner. For instance, if a system is projected to generate 40,000 kwh in the first 10 years of operation, Ameren will pay the homeowner a one-time payment of $2,000. That lowers the lifetime cost of solar electricity to 4.3 cents/kwh.

Businesses throughout the country receive even more financial incentives. They can apply accelerated depreciation to solar power systems, which lowers the cost of solar energy by 15 to 30 percent, depending on the company’s tax bracket. Rural businesses can receive a 25 percent grant from the U.S. Department of Agriculture. It may actually be possible for some businesses to install a large solar power system at virtually no cost!

Read more: http://www.motherearthnews.com/print.aspx?id={EE23E927-2346-4418-94BA-365A69B8C933}#ixzz2zuQzbXTX

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Teatown Lake Reservation | Armonk Real Estate


View our videos on YouTube Like us on FacebookFind us on PinterestFollow us on Twitter

April 9, 2014
Nature’s Amazing Engineers
Saturday, April 12 10:00 am – 11:30 am
Adaptable Hawks
Sunday, April 13
1:00-2:00 pm
Wildflower Island Opens this Weekend!
Saturday, April 12
Teatown Camp:
Sessions Are Filling Up.
Don’t Miss Out!
Summer Camp

Teatown’s Natural

Science Day Camp!
Four sessions this summer
Teatown’s Environmental Science Academy
for Teens
Visit Teatown
Like us on FacebookFollow us on TwitterFind us on PinterestView our videos on YouTube
1600 Spring Valley Road
Ossining, NY 10562
Nature Center hours:
9:00am-5:00pm daily
Trails are open 365 days a year from dawn to dusk.

Teatown Lake Reservation’s
mission is to conserve open
space and to  educate and
involve the regional community
in order to sustain the  diversity
of wildlife, plants and habitats
for future generations.

Your donation can make

an immediate impact to help

conserve and protect the

diversity of wildlife, plants

and habitats…

today and into the future.

Environmental Leaders Learning Alliance (ELLA) Meeting
Thursday, April 17 at 7 pm

Michael Formichelli, Horticultural Inspector with the NY Dept. of Agriculture and Markets and an expert on the Asian Long Horned Beetle and Emerald Ash Borer will lead the discussion.  These invasive forest insects pose a serious threat to trees throughout the region.   Mike will cover their general biology, how to spot the damage they cause and give the latest updates on the Quarantine Zones.  To register, send an email to mrubbo@teatown.org.


How Healthy Are Our Forests?

An Overview of Current Issues
Disrupting Nature’s Delicate Balance
Nature Matters:  Educational Workshop Series Thursday, April 24 at 7 pm
Speaker: Dr. Charlie Canham of Cary Institute of Ecosystem Studies.

This program is free, however, please call 914-762-2912 x 110 to RSVP!
Teatown’s Annual Plant Sale, May 9 and 10
($10 First Pick on May 9, Free May 10)
Teatown’s Members-Only Movie Night,  June 6 at 7:15


Teatown is Seeking an EMT Health Director for Summer Camp
Teatown is seeking an EMT to act as Health Director for its science day camp, June 30th-August 22nd.   Responsibilities include responding to camper illness or injury, coordinating first aid supplies and medications, and speaking with parents about camper health issues. Candidates must be at least 21 years old, physically active and comfortable navigating through a natural setting on foot or by an off-road vehicle.  Please contact Lisa Baugh at lbaugh@teatown.org or call 762-2912 ext. 137.


Trail Work Volunteer Opportunities
Strap on your work shoes and grab a shovel! Teatown is offering trail volunteer workshops in April.
Volunteers will clear trails, replace markers and signs, remove invasives and more! We have projects for all ages, group sizes, interests and abilities. Trail workshop dates:
April 11 & 12: Layout & Design Pt II  – This Weekend!! April 18 & 19: Tread & Drainage April 25 & 26: Stone Step Installation
To register: http://www.nynjtc.org/trailu Contact Leigh Draper, ldraper@teatown.org for more information.
Trail Workshops made possible by Con Edison’s Teatown Trails Green Stewardship Program.   

Earth Art After School

April 9-June 4, Wednesdays, 3:30-5:30pm,  Kathryn W. Davis RiverWalk Center Kingsland Point Park

Ages 7-11, 8-week session
Strawtown Studio in Partnership with Teatown:


Children recharge after school while exploring the Hudson River and its shores with wonder, shared discovery and creative time.


Limited to 10 children, $240/session, $30/class – Join Any Time!


To register: strawtownstudio@gmail.com, (845) 596-8171 or online at www.strawtownstudio.com


Click here for more details.



In the Nature Center:  Through the End of April
Local Artist, Jeanne Demotses

Jeanne Demotses’ work is in the Nature Center and available for purchase through April 27th.  30% of proceeds will go towards supporting Teatown’s programs.



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Home buyers face tight inventories, rising prices this spring | Armonk NY Homes


Buyers, don’t get your hopes too high about a less competitive housing market this spring.

Despite rising prices and bidding wars, homeowners remain reluctant to put up for-sale signs, creating a shortage of available properties that is frustrating buyers and real estate agents across Eastern Massachusetts. Many are crossing their fingers that a flood of new listings will materialize to ease the pressure on the market and prices as the crucial spring selling season gets underway.

But don’t count on it.

“The recent stunning lack of inventory of homes for sale is still stunning — and it’s even getting worse,” said Mary Gillach, a real estate agent at Brookline’s Gillach Group, affiliated with William Raveis Real Estate. “It’s not just in Brookline and Newton and other areas we cover. I’m hearing it from others all over.”

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Tight inventories have been the story of the region’s housing market for more than a year, tamping down sales, driving up prices, and showing few signs of easing. Listings of single-family homes statewide have declined for 24 consecutive months — including a 19 percent plunge in February — while median sale prices have increased for 28 straight months, according to the Massachusetts Association of Realtors and Warren Group, a Boston real estate tracking firm.

Sales, meanwhile, have declined in each of the past three months — not for want of buyers, but of sellers, according to industry analysts.

The tight supplies have been felt most acutely in Boston neighborhoods and close-in communities, where median prices, or midpoint prices, have climbed significantly above the prerecession peak in 2005. Gillach said she recently represented a client who bid $1.4 million in cash — $300,000 over the asking price — for a four-bedroom home in Newton and waived the home inspection.

“And we still lost,” she said. “There were 15 other offers — 15 offers.”

Industry officials say a number of factors could be contributing to the supply shortage. First, construction of new homes has lagged in recent years even as the population has grown. In addition, home values have yet to regain their prerecession peak in many communities, leaving homeowners wary of selling at a loss.

Tom Grimshaw, a realtor at Gibson Sotheby’s International Realty in Boston, cited another factor exacerbating inventory woes: homeowners worried they won’t be able to find a new home at an affordable price if they sell.

One of his clients wants to sell her South End condo and move, he said, “but she’s afraid there’s no place else for her to go in the area. She’s really balking at selling. This is a very intense market right now.”





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1 in 3 homes is unaffordable and a bubble is forming | Armonk Real Estate


More than half the homes currently on the market in seven major American metros are currently unaffordable for local residents, and one-third of homes for sale are unaffordable by historic standards.

That’s the conclusion from a Zillow (Z) analysis of income, mortgage and home value data in the fourth quarter of 2013, which puts to question the regular industry claim that housing is more affordable than ever because of the current price and interest rate levels coming out of the housing crash.

“As affordability worsens, we’re already beginning to see more of the kinds of worrisome trends we saw en masse during the years leading up to the housing crash. These include a greater reliance on non-traditional home financing, smaller down payments and a greater pressure to move further away from urban job centers in order to find affordable housing options,” said Zillow chief economist Stan Humphries. “We’re not in a bubble yet, but we’re beginning to see the early signs of one in some areas.”

Homebuyers increasingly have to search on the perimeter of the country’s largest metro markets, as downtown properties become out of reach for buyers of typical means, the report found.



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Recovery Means You Need to Look at Local Real Estate Markets Again | Armonk NY Homes


Everyone knows rising home prices make it a sellers’ market. Sellers can afford to hold out for top dollar because buyers are rushing to beat higher prices.

Well, not exactly. Zillow.com, the home listing and data firm, has a more refined way of looking at it, defining a sellers’ market as “not necessarily one where home values are rising, but rather one in which homes are on the market for a shorter time, price cuts occur less frequently and homes are sold at prices very close to (or greater than) their last listing price.”

The buyers’ market is, as you’d expect, the opposite: “Homes for sale stay on the market longer, price cuts occur more frequently and homes are sold for less relative to their listing price.

Prices may indeed be rising quickly in sellers’ markets and falling in buyers’ markets, but price change alone is not the key factor.

So whether you are a buyer or seller, with a little sleuthing you can figure out who has the negotiating edge. Lots of this data are under Zillow’s Local Info button.

Zillow’s approach makes for some intriguing conclusions about conditions as the spring selling season gets rolling. The West Coast is a seller’s market, while the Midwest and East Coast favor buyers. In the recent post-crisis years, the whole country tended to move in the same direction, but now, in a return to more typical behavior, local variations are reasserting themselves, Zillow says.

The hottest sellers’ markets: San Jose, Calif., and San Francisco; San Antonio, Texas; and Los Angeles. The hottest for buyers: Cleveland, Ohio; Philadelphia; Tampa, Fla.; and Chicago.




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