Tag Archives: Chappaqua NY Homes for Sale

Chappaqua NY Homes for Sale

Best kitchen paint colors | Chappaqua Real Estate

If you want to paint your kitchen hot pink or mint green, that’s totally up to you (and, by the way, that would make for a pretty fab conversation-starting space!) However, if you ask real estate agents, they’ve got definite opinions on colorways for this all too important room in the house. (They also know that painting your kitchen certain colors, like brick or barn red, can actually devalue your home to the tune for more than $2,000, says a recent Zillow study!) Read on for their take on the best color palette for your kitchen:

Go for neutral and modern colors

“I work with a stager who uses Gray Mist and Edgecomb Gray, both Benjamin Moore paints, and people always asks what colors these are,” says Maria Daou of Warburg Realty in New York City. “They’re both soft colors that really look great in all types of light.”

When in doubt, stay uniform

“Unless you have nine-foot-plus ceiling heights, I would suggest you keep the kitchen walls and ceilings the same color,” says Robin Kencel of Compass Real Estate in Greenwich, Connecticut. She recommends keeping your kitchen white, and, if you’re on a budget, opting for Benjamin Moore’s Simply White, described as ‘reminiscent of the first snowfall.’

“This will end up creating an enveloping feeling and a sense of harmony in the space,” Kencel says.

But consider the power of contrasting color

“I love the look of white cabinets with a touch of gray,” says Peggy Dahan, of Siderow Residential Group in New York City. “I always suggest keeping it simple and easy to match when it comes to color. Another great way to contrast those white cabinets? Wood floors or tile floors that resemble wood. I’ve noticed that those are a big hit these days.”

If you want something a little more funky, consider contrasting top and bottom cabinets. Zillow’s 2018 Paint Color analysis found that these “tuxedo” kitchens (top and bottom cabinets painted with dark and light colors), were found to sell at a $1,500 premium.

Show off your stainless appliances

“For those with stainless appliances, a white kitchen looks great and there’s a huge demand for that palette,” says Lewis Friedman, of the Friedman Team at Compass Real Estate in New York City. “We often have clients paint cabinets and walls white, and Chantilly Lace by Benjamin Moore is a favorite.”

Brighten a dark kitchen

You might have gotten the gist that homebuyers often like white kitchens as they make things seem bigger. But you don’t have to paint your kitchen white for a spacious feel.

“While white cabinets and subway tiles have become practically de rigueur for everything, it’s become boring,” says Marie Bromberg of Compass Real Estate in New York City. Her antidote? Thinking light, like light wood and natural finishes and customizations.

“I painted my own walls Gentleman’s Grey by Benjamin Moore,” she says. “It keeps all of my kitchen’s secrets and doesn’t require that much maintenance.”

Thinking of doing a couple of other updates to your kitchen? Here, the best kitchen updates to increase your home’s value, for every budget.

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Mortgage rates average 4.45% | Chappaqua Real Estate

Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage remained unchanged for the third consecutive week. 

Sam Khater, Freddie Mac’s chief economist, says, “Mortgage rates have stabilized during the last month and are essentially at the same level as last spring – yet the most recent home sales are roughly half a million lower over the same period. Given that the economy remains on solid footing and weekly mortgage purchase application activity has been strong so far in 2019, we expect the decline in home sales to moderate or even reverse over the next couple of months.”

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.45 percent with an average 0.4 point for the week ending January 24, 2019, unchanged from last week. A year ago at this time, the 30-year FRM averaged 4.15 percent. 
  • 15-year FRM this week averaged 3.88 percent with an average 0.4 point, unchanged from last week. A year ago at this time, the 15-year FRM averaged 3.62 percent. 
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.90 percent with an average 0.3 point, up from last week when it averaged 3.87 percent. A year ago at this time, the 5-year ARM averaged 3.52 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 link for the Definitions. Borrowers may still pay closing costs which are not included in the survey.

Mortgage rates average 3.59% | Chappaqua Real Estate

Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing mortgage rates declining from the previous week and reaching their lowest level since February of last year.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 3.59 percent with an average 0.5 point for the week ending April 7, 2016, down from last week when they averaged 3.71 percent. A year ago at this time, the 30-year FRM averaged 3.66 percent.
  • 15-year FRM this week averaged 2.88 percent with an average 0.4 point, down from last week when it averaged 2.98 percent. A year ago at this time, the 15-year FRM averaged 2.93 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.82 percent this week with an average 0.5 point, down from last week when it averaged 2.90 percent. A year ago, the 5-year ARM averaged 2.83 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 link for theDefinitions. Borrowers may still pay closing costs which are not included in the survey.

Attributed to Sean Becketti, chief economist, Freddie Mac.

“Mortgage rates this week registered the delayed impact of last week’s sharp drop in Treasury yields as the 30-year mortgage rate fell 12 basis points to 3.59 percent. This rate marks a new low for 2016 and matches last year’s low in February 2015. Low mortgage rates and a positive employment outlook should support a strong housing market in the second quarter of 2016.”

Renting: Awful for just about everyone right now | Chappaqua Real Estate

If you’ve gone through the painstaking process of renting a new apartment in the past few years, you probably faced some sticker-shock. Vacancy rates are low, really low. And despite ever-present scaffolding, construction in many cities is still slow, as new tenants move in but few move out. The result is that in almost every major metro area, the rent is, in fact, too damn high.

Basic wisdom (which was largely established by rules governing public housing eligibility) warns a healthy bank account means that one’s housing costs shouldn’t exceed about one-third of a person’s take home pay. While that might be a prudent suggestion because, after all, people do have other bills and savings goals, it’s become virtually impossible to adhere to for many who live in major metro areas.

A recent report from the Joint Center for Housing Studies (JCHS) at Harvard, puts some numbers on just how bad this problem is: About half of all renters in the U.S. are using more than 30 percent of their income to cover housing costs, and about 25 percent have rent that exceeds 50 percent of their monthly pay.

It’s not just the poorest city-dwellers who are feeling the rent pressure. As prices rise, even those who make median incomes are finding that their rent eats away at a more significant portion of their pay than it once did for those in the middle class. It’s also not just the Millennial crowd: This problem is also  evident across different age groups, including Gen X and Boomers who never left the rental market, or find themselves back in it after the housing crash.

A big part of the problem is that fewer households are making the transition from renting to owning, which means more competition for limited inventory—driving rental prices up. Renters who would previously be able to qualify for mortgages are either finding that mortgage lenders are still super strict post-recession, or that there simply aren’t many homes in their price range—or both. “In normal times when homeownership was achievable you could get a starter home for between $150,000 to $250,000,” says Andrew Jakabovics, a senior director at Enterprise Community Partners, a nonprofit that focuses on affordable housing. “That segment of the market is basically dead.”

So instead, households with higher incomes and dreams of white picket fences remain in the rental market. Those households take up available units in the mid-to-high price ranges, for which they can afford to pay a premium. In fact, renters with incomes that top $75,000 are among the fastest growing group in the market, says Chris Herbert, the managing director of the JCHS. “Developers will be drawn to build the houses that provide the highest returns,” he says. That means not enough new apartments are affordable apartments that can accommodate low- and middle-income residents. Instead, high-priced luxury units get built first, pushing rents up and middle and low-income earners into apartments that are more expensive than they can afford. Sometimes this means pricing them out of cities altogether.

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Lot Shortage: A Lingering Problem for Builders | Chappaqua Real Estate

In a May 2015 survey conducted by NAHB, 62 percent of builders reported that the overall supply of developed lots in their areas was low to very low, up 2 percent from May 2014, but up from 43 percent in September 2012.  Sixty-two percent is the largest low supply percentage recorded since NAHB began periodically asking the question in 1997 on its monthly survey for the NAHB/Wells Fargo Housing Market Index (HMI).

The continued low supply of developed lots is a hindrance to housing recovery that is still quite modest by most standards.  Figure 1 compares the HMI responses on lot supply to housing starts.  Starts have recovered from a low of 550,000 in 2009 to just over 1 million in 2014 (after averaging 1.5 million a year from 1960-2000, without ever plunging below 1 million until 2008).

Fig1HousingStarts&SupplyofLotsThe 62 percent includes 39 percent who characterized the supply of lots simply as “low” and 23 percent who said the supply of lots was “very low.” The shortages tended to be especially acute in the most desirable, or “A” locations. Thirty-four percent of builders said that the supply of “A” lots was very low, compared to 19 percent for lots in “B” and 14 percent for lots in “C” locations.

A shortage of buildable lots, especially in the most desirable locations translates into higher prices, as 38 percent of home builders said the price of developed “A” lots was somewhat higher than it was a year ago, and 32 percent said the price was substantially higher. In comparison, 16 percent of builders said the price of “B” lots was substantially higher than a year ago, and 12 percent said the price of “C” lots was substantially higher (Figure 2).



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Local Farmers Market | Chappaqua Real Estate

Builders Sentiment Weakens Slightly | Chappaqua Real Estate

The March NAHB/Wells Fargo Housing Market Index dropped two points to 53 from February, the third consecutive monthly decline in the index. While softening during the winter months, the index has remained above 50 since July 2014. Furthermore, of the three components to the index, the expectations for future sales remained steady at 59 (from the downwardly revised February of 59).

The HMI decline was primarily driven by a decline in builders’ judgment of current sales where the index fell three points from 61 to 58. While a reading of 58 is well above the tipping point of 50 where more builders rate the market as good rather than poor, it is the lowest reading in that component since June 2014. New home sales up through January have been moving up.

New Home Sales & HMI Current Sales Component
Builders continue to face challenges finding labor and lots. Lot prices are rising and making it more difficult to remain within buyers’ expectations for the final new home price. Adding labor also means forcing up wage rates while potential buyers remain very price sensitive. Appraisals have also hindered sales particularly at lower price points where supply cost increases have the greatest impact on the final price. A number of comments in this month’s survey mentioned buyers’ desire for bargaining in the face of rising home prices.

Regional changes were in both directions. The three month moving average was down in the Northeast, South and West two, two and seven points respectively but up two points in the Midwest. Monthly regional indicators, often more erratic, were up 13 points in the Midwest but down seven points in the Northeast, two points in the South and 11 points in the West. The more dramatic declines in the Northeast and West align with the larger negative changes in existing home sales in January.


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Local Farmers Markets | #Chappaqua Real Estate


Seasonal Chef Maria Reina Cooks Up Meal Inspiration from 11am-1pm +
Shovel Ready String Band Entertains from 10am-Noon
Simple Eats with Chef T Debuts + More

Enjoy Celtic Fiddle Tunes with Brian Vegh +
Local Author, Denise Martin, Shares A Taste Back in Time
Kontoulis Family Olive Oil Joins Market for 1st time in 2015 + More!

February 19-25th, 2015


What’s New, In Season, and On Sale This Week
Arugula Pesto
Made with arugula from Gajeski Produceand Kontoulis Family Olive Oil
Trotta Foods
Click on a market to see all vendor and event details…

Ossining Winter

9:00 am-1:00 pm

Claremont Elementary School
Van Cortlandt Avenue, off of N. Highland (Rte. 9)

Mamaroneck Winter

9:00 am-1:00 pm

St. Thomas Episcopal Church
168 W. Boston Post Road

Headed to the city? We’ve got markets there, too. CLICK HERE for details

Tune in Tonight 2/19: Miriam Haas & Jon Zeltsman on The Local Live: Food for Thought

Down to Earth Markets Founder, Miriam Haas, and President, Jon Zeltsman, look forward to joining a discussion tonight on the Local Live: Food for Thought, a production by Larchmont Community Television. Along with nutritionist, Elyssa Hurlbut, the group will talk about the state of local food today, including what “organic” truly means, GMO foods, and the role of big business in food production.
The program begins at 7:30 pm – find all the details HERE!

Mamaroneck: Music + Cooking Demo + Meet & Greet with The Journal News

The Shovel Ready String Band will play the market this Saturday from 10 am to noon!
Enjoy their jugband & bluegrass musical style as you shop for delicious market foods.
Speaking of deliciousness, Seasonal Chef Maria Reina, will host a cooking demo from 11 am to 1 pm.
She’s well-known for her recipes in the Small Bites column of The Journal News, and we look forward to her creative cooking at the market. Staff members from The Journal News will be on hand, too, as part of our Community Table program. Stop by and learn about the publication’s latest developments.

Ossining: Celtic Fiddle Songs & Local Author Book Signing
Celtic violinist, Brian Vegh, will share his musical talents with the Ossining market this Saturday from
10 am to noon. Also, stop by the market Community Table and meet author, Denise Martin. Denise grew up in Hastings-on-Hudson and now lives in Ossining. She’ll sell and sign copies of her book, A Taste Back in Time. It celebrates the traditions of her large Italian family and contains over 50 classic Italian recipes, as well as heart-warming stories of people and places in Westchester County.
Denise will also give out free printed copies of two beloved family recipes featured in her book.

Ossining: Please Order Tierra Farm Nut Products with Market Manager, Samantha

Down to Earth Markets is happy to partner with Claremont Elementary School to hold the Ossining Indoor Winter Farmers Market. In an effort to meet the needs of the school community, Tierra Farm will no longer be a vendor at the indoor market. For customers interested in purchasing Tierra Farm products, there will be weekly order forms available at the market. Please submit your Tierra Farm order form to the market manager, Samantha, during market hours, 9 am to 1 pm. During the week, you can pick up your Tierra Farm order at Down to Earth’s office on Main Street in Ossining.
We look forward to seeing you!

Tierra Farm will return on Saturday, April 4th, when the market moves back outside to its longtime home at the corner of Spring and Main Streets in downtown Ossining.

Next Learning Center Class: Wednesday, March 11th

Join us for the next session of the 2015 Learning Center: Tastes of Spring Bloom with Great Olive Oil.
In this class, the owners of Demi Olive Oil and Kontoulis Family Olive Oil will share their family techniques from farm to bottle. The evening will include a cooking demonstration with fresh, local produce.
Great olive oil opens up a new world of taste!
All classes take place at our office at 173 Main Street, 3rd Floor, in Ossining.
Each class is $15 or $40 for three.
Click HERE to learn more and buy tickets.

For additional events, visit our Down to Earth Markets Event Calendar.

Stay tuned to all market happenings via our Down to Earth Markets Facebook page
and follow us on Instagram and on Twitter @DowntoEarthMkts.

Rotating* Vendors This Week
*Vendors who rotate through various markets during the season.
They enjoy getting to know many communities. Here’s where to find them this week:

Mamaroneck – Saturday, February 21st

Calcutta Kitchens
Christiane’s Backstube
Hudson River Apiaries
**NEW TO MARKET!** – Simple Eats with Chef T (Healthy prepared foods to go)

Ossining – Saturday, February 21st

Kontoulis Family Olive Oil
Sisters Wicked Good Soap
Taiim Falafel Shack

Down to Earth Markets 173 Main Street Ossining, NY 10562 Phone: 914-923-4837

Use of Depreciation Deductions in Real Estate and Construction | Chappaqua Real Estate

Examination of IRS data demonstrates the importance of various depreciation deductions for the construction and real estate sectors. These rules include the Section 179 small business expensing option, bonus depreciation, and normal tax depreciation. The data also illustrate what classes of property are most common, including the 5-year class for construction equipment and apartment property. This information is useful for the industry to consider as discussions of possible business tax reform take place during 2015. Some tax reform plans would increase the use of expensing, while others would extend depreciation periods, in some cases significantly.


Claiming deductions for the depreciation of business assets is an important part of most enterprises’ income tax calculation. Tax law permits deductions that allow recovery of the cost of tangible property used for business purposes. These deductions reflect an allowance for the wear and tear of the property. Depreciation deductions also encourage reinvestment into older residential units.

IRS tax data allow us to examine the use of these deductions by class of property and business sector. There are some important limitations however. First, the data examined in this post are limited to businesses organized as C Corporations. Thus, the data do not reflect businesses organized as pass-through entities, such as S Corporations and LLCs, which constitute the majority of real estate-related firms.  Nonetheless, this smaller set of data can be viewed as a sample of the sector, with a bias toward larger businesses that organize as C Corporations.


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Down to Earth Farmers Markets | Chappaqua Real Estate


First-ever INDOOR Ossining Winter Farmers Market Opens Saturday;
Second Week of Mamaroneck Farmers Market Brings Even More Vendors,
including Cheese!

January 8-14th, 2015

What’s New, In Season, and On Sale This Week
Opening Day Special:
Buy 2 quarts of any product
& get 1 pint of pickles for FREE

Pickle Licious
SALE: Save $2 when you buy two items incl. Chutneys, Frozen Samosa, Kofta, Saag, & Rajma
Bombay Emerald Chutney Company

ECOBAGS® – Deeply Discounted for Ossining shoppers
Responsibly-sourced cotton bags, strings bags & more. Excellent reusable alternatives to plastic.

Click on a Market to see all vendor and event details…                  


9:00 am-1:00 pm

Claremont Elementary School
Van Cortlandt Avenue, off of N. Highland (Rte. 9)

Mamaroneck Winter

9:00 am-1:00 pm

St. Thomas Episcopal Church
168 W. Boston Post Road

Headed to the city? We’ve got markets there, too. CLICK HERE for details

This Saturday, January 10th, visit Bach to Rock, the Music School for students of all ages. They promote that learning to play music should be fun; afterall, it’s called “play” for a reason! The group will bring all sorts of musical instruments to the market for people to explore.


It’s here! Join us for Opening Day of the first-ever indoor Ossining Winter Farmers Market. Through March, find all of your favorite vendors – and meet several new ones – at Claremont Elementary School. The school is located on Van Cortlandt Avenue, off of N. Highland (Route 9).
To celebrate the new venue, we’re hosting several special events on Saturday:

9:30 am: Ribbon Cutting Ceremony with Ossining Mayor Victoria Gearity, School Superintendent Ray Sanchez, together with elected officials and community advocates.

10 am to noon: Live music by the Shovel Ready String Band! In their words, they play “oldtime, jug band, country, bluegrass and original songs.” They will also have their new CD, Shovel Ready String Band, for sales at the market. We’re excited to host them. You’re going to love ’em.

AND Sharon Rowe, ECOBAGS Founder, will be a Community Table Participant at the market this Saturday. As part of our ongoing Bring Your Own Bag initiative – with the goal to eliminate single-use plastic bags from the market – she’ll sell her company’s beautiful reusable bags at deeply discounted prices.
ECOBAGS is a both a fellow Ossining-based business and certified B Corporation. Welcome, Sharon!

For additional events, visit our Down to Earth Markets Event Calendar.

Stay tuned to all market happenings via our Down to Earth Markets Facebook page
and follow us on Instagram and on Twitter @DowntoEarthMkts.

Rotating* Vendors This Week
*Vendors who rotate through various markets during the season.
They enjoy getting to know many communities. Here’s where to find them this week:


Bombay Emerald Chutney Company
Nana’s Home Kitchen
OM Champagne Tea – NEW to Ossining!
Taiim Falafel Shack – NEW to Ossining!
Wave Hill Breads – NEW to Ossining!


Aroma Coffee – First appearance in Mamaroneck!
Betty Acres Farm/Modern Milkmaid Cheese – First appearance in Mamaroneck!
Christiane’s Backstube
Kontoulis Family Olive Oil
Pika’s Farm Table