Tag Archives: Mt Kisco Real Estate for Sale

Gifts for the handyman | Mt Kisco Real Estate

Ryobi 90-Piece Drill Bit Set

Ryobi 90-Piece Drill Bit Set

This little 90-piece kit from Ryobi will let you get a lot of projects done whether it be wood, metal, plastic or masonry in nature. Priced as low as $32.95 on Amazon, it’s a reasonably priced addition to your toolbox.Learn what different drill bits can do.

Photo: Courtesy of Amazon

Black+Decker Roto-Bit

Black+Decker Roto-Bit

A powered screwdriver can alleviate any troubles you run into with using a regular screwdriver. This Black+Decker Roto-BIT Storage Screwdriver gets the job done and makes life easier. The screwdriver includes eight bits, a magnet to hold additional screws and an LED light to help you see your work. This tool is priced at $24.65 on Amazon.Find out what to look for with cordless tools.

Photo: Courtesy of Amazon

Husky Ratcheting 30-Piece Screwdriver

Husky Ratcheting 30-Piece Screwdriver

Get everything you need out of a screwdriver with this Husky 30-piece ratcheting screwdriver. It features five slotted bits, four Philips bits, three TORX bits, seven tamper resistant TORX bits, three hex bits and four square bits. It comes with a lifetime warranty and is priced at $16.97 at Home Depot.Photo: Courtesy of Home Depot

Klein Non-Contact Voltage Tester with Flashlight

Klein Non-Contact Voltage Tester with Flashlight

Klein has an easy-to-use low-cost voltage tester that comes with a flashlight. This voltage tester powers itself off and is dustproof as well as waterproof. Klein’s voltage tester also beeps to let you know there’s higher voltage.Learn how to use a voltage tester properly.

Photo: Courtesy of Klein Tools

Estwing 15-Ounce Ultra Hammer

Estwing 15-Ounce Ultra Hammer

Estwing’s 15-ounce hammer provides plenty of punch and works smoothly. The grip reduces vibration up to 70 percent and will last. This hammer also comes with a magnetic nail starter on the head. Estwing’s 15-ounce hammer retails at $29.97 at Home Depot.Learn what some of the best hammers have that others don’t.

Photo: Courtesy of Home Depot

Occidental Leather Clip-On 4-in-1 Tool Holder

Occidental Leather Clip-On 4-in-1 Tool Holder

If you’re having trouble keeping everything within arm’s reach, try on this four-in-one tool holder from Occidental Leather. Slip in a tape measure along with a pencil or utility knife to make projects easier to complete. For $35.82 you’re project life can become sublime.If you use a leather tool belt, find out how to repair a leather tool belt.

Photo: Courtesy of Amazon

Milwaukee Self-Retracting Safety Knife

Milwaukee Self-Retracting Safety Knife

A self-retracting safety knife can help reduce cutting errors and Milwaukee’s knife does a nice job. Milwaukee’s knife comes with a lifetime warranty and two blade positions. It can store up to five blades.It retails for $10.93 at Toolup.com

Learn the basics of cutting drywall with your utility knife.

Photo: Courtesy of Milwaukee Tool

Channellock Combination Pliers

Channellock Combination Pliers

Channellock has got a grip on solving your pliers problems. The E347 E Series 7-inch Combination plier with XLT Joint utilizes a crosshatch patter on the jaws for a tighter grip. The way this pair of pliers is made makes it easier to cut because the leverage it employs uses less force. Pick one up for $19.49 on Amazon.Check out other tips for loosening nuts, bolts and screws.

Photo: Courtesy of Amazon

Ryobi Random Orbit Sander

Ryobi Random Orbit Sander

Ryobi’s RS290G 2.6 amp, 12,500 opm single speed 5-inch hook and loop corded random orbit sander is a versatile sander that comes in at an ultra-light pounds. It’s ergonomically designed and features a hex-notched rubber design to make gripping it easier. This sander comes with sanding discs and the dust bag is conveniently placed. This sander comes in at just under $50 on Amazon.Learn tricks to sand faster for your next project.

Photo: Courtesy of Amazon

Stanley SquidBrite Flexible LED Work Light with Magnetic Back

Stanley SquidBrite Flexible LED Work Light with Magnetic Back

This light can go places others can’t. Its magnetic backing makes valuable to free up one of your hands while doing repair work. The Stanley SquidBrite LED Light has 10 hours of run time and three modes of light. The flashing function makes it a useful tool to keep in the car if it’s needed on the side of the road at night or in winter weather. At $26.76 online at Amazon and Walmart, it’s an affordable tool you should add.Find other work light options to suit your needs.

Photo: Courtesy of Amazon

MagnoGrip Magnetic Wristband

MagnoGrip Magnetic Wristband

Aside from just looking cool, this magnetic wristband is especially handy. No more loading up your mouth with screws as you complete something. It comes cheaply priced at $14.65 on Amazon and if you don’t want to wear it, you can strap it on to something.Photo: Courtesy of Amazon

FastCap Accuscribe Scribing Tool

FastCap Accuscribe Scribing Tool

The AccuScribe Pro can help tackle any project for scribing trim, architectural moldings, countertops, tile and flooring. It’ll fit a pencil, Sharpie or FatBoy pencil. It goes for $18 at FastCap.Learn how to scribe for a perfect fit.

Photo: Courtesy of FastCap

Sanding Sticks

Sanding Sticks

Smooth out those hard-to-reach spots with sanding sticks. Sanding sticks are great for woodworking or even putting models together. The sanding sticks come in 80, 120, 180 and 240 grits. You can pick up a 24-pack for $26.24 on Amazon.Find out new sanding by hand techniques.

Photo: Courtesy of Amazon

Mechanix Wear M – Pact Gloves

Mechanix Wear M – Pact Gloves

A good pair of gloves can be pretty important for working on the car and Mechanix Wear has some of the best. These M-Pact gloves are machine washable and includes a dual layer for the index finger and thumb. Pick up a pair for $27 on Amazon.Discover other work gloves that work well in various scenarios.

Photo: Courtesy of Amazon

WORX Power Screwdriver

WORX Power Screwdriver

WORX’s semi-automatic screwdriver is pretty slick to use. From a screw holder attachment to catching screws after they’re loose, this is a pretty neat tool to have on hand. The power screwdriver has six bits in the tool and accepts a ¼” hex insert bit. An LED light can make work easier as well.This tool is available for $37.23 on Amazon.

Check out some of these awesome cordless power tools.

Photo: Courtesy of Amazon

3M Half Facepiece Respirator Assembly with Particulate Filters

3M Half Facepiece Respirator Assembly with Particulate Filters

3M’s respirator is top-notch in terms of its ability to be used in multiple environments. The respirator is approved by the National Institute for Occupational Safety and Health for environments containing certain oil and non-oil based particles. It can provide protection for welding, brazing, torch cutting, metal pouring, soldering as well as exposure to lead asbestos, cadmium and arsenic.This respirator is available at Amazon for $15.59.

Find out how to choose a dust mask.

Photo: Courtesy of Amazon

DEWALT DWARA100 Right Angle Attachment

DEWALT DWARA100 Right Angle Attachment

When you’ve tried attacking a problem from several angles but haven’t come across a solution, DeWalt’s got the right angle with its Right Angle Attachment tool. The tool will get into tighter areas to drive screws and drill holes. Check one out at Amazon for $19.75.A right angle attachment can help with doing round ductwork.

Photo: Courtesy of Amazon

Stanley Wonder Bar II Pry Bar

Stanley Wonder Bar II Pry Bar

This half-size pry bar is pretty handy to tote around and accomplishes similar tasks of a full-sized pry bar. This tool can be great for vehicles and baseboards. Plus it can withstand the bending momentum of 310 inch-pounds. Just beware it is only 7 ½ inches. It’s going for $4.11 on Amazon.Learn how to remove wood trim with a pry bar.

Photo: Courtesy of Amazon

Vampliers Patented Screw Extraction Plier

Vampliers Patented Screw Extraction Plier

Suck out stripped out screws with a pair of Vampliers. These suckers have unique vertical and horizontal serrations on the inside jaws, which make it easier to grab a corroded or rusted out screw. These pliers are strong, too, made from carbon steel. Get yourself a pair for $29.97 on Amazon. Garlic sold separately.Find out how to remove a lightbulb with pliers.

Photo: Courtesy of Amazon

Cyber Clean

Cyber Clean

Cleaning computer keyboards and other technology is sometimes difficult because of all the nooks and crannies. Cyber Clean can reach those tricky spots and pull dirt out. It’s great on cellphones, which accumulate dust and lint all the time. This putty-like cleaning agent can be used again and again by folding it over after each use. Plus, a color indicator lets you know if it’s time to get some new Cyber Clean. Grab some for $9.99 on Amazon.Learn some other cleaning secrets to make the job easier.

Photo: Courtesy of Amazon

CLC Custom Leathercraft 5023 Deluxe Cordless Poly Drill Holster

CLC Custom Leathercraft 5023 Deluxe Cordless Poly Drill Holster

The CLC Custom Leathercraft 5023 Deluxe Cordless Poly Drill Holster is designed to carry most cordless drills and give you some room to carry additional items. The holster comes with three medium pouches good for flashlights and six small loops for drill bits. It’s double stitched to provide longevity and prevent fraying.Get your hands on one on Amazon for $12.40.

Find a place to put that drill with some PVC hacks.

Photo: Courtesy of Amazon

Channellock 87 8.88-Inch Compact Rescue Tool

Channellock 87 8.88-Inch Compact Rescue Tool

You might not be prepared for everything but Channellock’s Compact Rescue Tool pretty much is. This tool will pry open windows, cut wires and cables, shut off gas valves and loosen hose couplings. Not only that, it’s only 8.8 inches long and a little more than a pound in weight. The tool will cut through metal in small spaces and is a go-to choice for EMTs and first responders. Be prepared to pay $37.82 on Amazon.Photo: Courtesy of Amazon

Yaktrax Walk Traction Cleats for Walking on Snow and Ice

Yaktrax Walk Traction Cleats for Walking on Snow and Ice

If your DIYer is working outside then you’re going to want to outfit them with these traction cleats from Yaktrax. The cleats are made with a zinc coating to prevent rust and are tested safe to temperatures as low as minus-41 degrees F. Yaktrax will help prevent falls in snowy and icy conditions. They come with a price tag of $12.30 on Amazon.Learn what to do to prepare for an ice storm.

Photo: Courtesy of Amazon

Ice Safety Picks

Ice Safety Picks

Ice safety picks are a no-brainer for ice anglers and essential for any vehicle emergency kit. In the event of an emergency on ice where someone has fallen through, they’ll give the grip someone desperately needs in order to climb out of the water. Keep them in your pocket while out in the ice in the winter. You can find ice safety picks for $12.99 on Amazon.Photo: Courtesy of Amazon

Rust-Oleum Varathane 243197 Distressing and Worm Holing Tool

Rust-Oleum Varathane 243197 Distressing and Worm Holing Tool

Here’s the perfect gift for a DIYer who wants to add a distressed look to a piece of furniture. Rust-Oleum’s Distressing and Worm Holing Tool easily makes dents and divots to create the impressive of time worn tear. You can use the worm hole kit to give it the look of insect holes to really fool friends. Set your time machine to pick one up for $38.80 on Amazon.Find out how to use distressed wood for farmhouse charm.

Photo: Courtesy of Amazon

Chopping Board and Serving Tray

Chopping Board and Serving Tray

Slice, dice and serve in style on this easy, cutting-edge project. We’ll show you a simple way to dry-fit the parts, scribe the arc and then glue the whole works together. We used a 4-ft. steel ruler to scribe the arcs, but a yardstick or any thin board would also work. Be sure to use water-resistant wood glue and keep your tray out of the dishwasher or it might fall apart. And one more thing: Keep the boards as even as possible during glue-up to minimize sanding later.Learn how to build this project here.

Folding Workbench

Folding Workbench

Maybe your dad likes to build stuff and do projects, but doesn’t have a lot of space to spread out. That’s where this folding workbench will work wonders. With room for some tools and a compact footprint, it opens up to a whopping 4 x 7 ft – big enough to tackle almost any project.

Photo Sculptures

Photo Sculptures

Surprise your friends and family with easy-to-make photo sculptures. Your favorite folks will ‘pop’ from your photos when you use this easy technique.Here’s how: Apply photo mount adhesive to pieces of 1/4-in. hardwood plywood, firmly press on the photos to be sculpted, then cut out the figures with a scroll saw. Make some wood bases from scrap wood and glue on the sculptured photos with Special-T cyanoacrylate glue (about $11). This glue will tightly bond the sculpture’s bottom edge to the base, so you won’t need to fiddle with notches or screws.

Hints for great-looking sculptures:

  • Use a sharp No. 2 or No. 4 ‘skip tooth’ blade (about $24).
  • Change blades when the sawn ‘paper edge’ appears slightly ragged.
  • Select a medium or high speed and feed the work at a slow rate, pressing the wood firmly on the table as you saw.
  • When choosing photos to sculpt, look for clearly outlined subjects so it’s easy to follow the cutting line. Hair or clothing that blends into the background is difficult to cut.

Hang artwork properly and level when you’re done.

 

Simple Step Stool

Simple Step Stool

Here’s a great gift idea that will draw raves. The joints are accurately made in seconds with a biscuit joiner! Complete instructions for building this stool are found here. Want to learn about using a biscuit joiner before taking on this project? Watch this video that shows you how to make strong, fast and accurate joints with this useful tool.

Easy Knife Block

Easy Knife Block

This handsome knife block is fast, easy, fun to build and includes a 6-in.-wide storage box for a knife sharpener.To build one, you only need a 3/4-in. x 8-in. x 4-ft. hardwood board and a 6-in. x 6-1/2-in. piece of 1/4-in. hardwood plywood to match.

Begin by cutting off a 10-in. length of the board and setting it aside. Rip the remaining 38-in. board to 6 in. wide and cut five evenly spaced saw kerfs 5/8 in. deep along one face. Crosscut the slotted board into four 9-in. pieces and glue them into a block, being careful not to slop glue into the saw kerfs (you can clean them out with a knife before the glue dries). Saw a 15-degree angle on one end and screw the plywood piece under the angled end of the block.

Cut the 6-1/2-in. x 3-in. lid from the leftover board, and slice the remaining piece into 1/4-in.-thick pieces for the sides and end of the box. Glue them around the plywood floor. Cut a rabbet on three sides of the lid so it fits snugly on the box and drill a 5/8-in. hole for a finger pull. Then just add a finish and you’ve got a beautiful, useful gift. If you don’t have time to make a gift this year, consider offering to do something for the person. You could offer to sharpen their knives! Here’s how.

Upcycled Tool & Hardware Hooks

Upcycled Tool & Hardware Hooks

For the handyman on your list, this upcycled tool project makes great decor. Adapt common tools and DIY hardware items into clever hooks and racks for their walls. They’ll be amazed with your creativity. Here are 10 spur-of-the-moment inspirations.

How to Build a Box With a Band Saw

How to Build a Box With a Band Saw

You can make this simple jewelry or knick-knack box from a block of wood and your band saw. Or use it as a gift box to hold other homemade presents. Cut it out in minutes and finish in an hour. Get the plans.

Classic Children's Carpentry

Classic Children’s Carpentry

This classic DIY book, Easy Carpentry Projects for Children, withstands the test of time. Featuring fifteen projects kids can make themselves, along with how-to instructions for basic woodworking skills and techniques, this book is built upon the premise that kids learn best by doing. Young woodworkers will love working their way through each project.

Start Eye Safety Early

Start Eye Safety Early

What’s unique about these child safety glasses is that they’re not just a toy! Kids can help in the workshop on real projects with real tools without fear of damaging their eyes when they don these child-size glasses, made with a slightly smaller frame than the adult version. And they’re inexpensive enough to use at play, too. Better yet? They come with real UV protection. It’s a win-win.

Their Own Take-Along Tool Kit

Their Own Take-Along Tool Kit

This Take-Along Tool Kit comes with play tools and hardware for the young handyman, complete with a kid-size carrying case. Kids can practice tightening bolts, screws, and nuts with a wrench and screwdriver. And the best part? It’s all wood.

A Book For Tinkerers

A Book For Tinkerers

Some of the best inventions are the result of tinkering. Encourage the pursuit in your kids with this book dedicated to the topic, published by Make. In Tinkering: Kids Learn by Making Stuff, kids learn science and DIY concepts with hands-on activities that make learning, building, and, well, tinkering fun. You might just get a kick out of it yourself. This book would make a great gift from a DIY enthusiast to a budding DIYer, especially if you’re looking to faciliate some quality time.

Time to Get Building

Time to Get Building

Kids can get building with this Black & Decker Junior 14 Piece Toy Tool Belt Set. This tool belt and set sports the Black & Decker logo, just like the real thing, and the tools are some of the most realistic we’ve seen for kids. Children will love wearing this tool belt and having their tools on hand for handyman emergencies.

Dress the Part

Dress the Part

While this toy construction hard hat is not approved for use on the job, kids will have fun pretending it is! Get your kids thinking about safety early by adding this to a gift of play tools or a workbench. This also makes a great addition to a handyman Halloween costume!

For the Future Auto Mechanic

For the Future Auto Mechanic

For the future gear-head: the Battat Take-A-Part Toy Vehicles Roadster features 18 vehicle parts and a power screwdriver with three different bits. Kids can practice working on their own car and learn more about how cars and power tools work.

Mini Classic DIY Workbench for Kids

Mini Classic DIY Workbench for Kids

If you’ve got the time, build something instead of buying! Give your child a chance to make projects on their own DIY workbench — a smaller-scale version of a classic design that’s been in use for over a century. Check out these free plans for the mini classic DIY workbench for kids. It’s just the right size!

Stepping Stones Gift Ideas

Stepping Stones Gift Ideas

Bring some artwork to the garden with stepping stone gift ideas. This stepping stone, from Brenda Pokorny is made from mosaic tiles. You can purchase stepping stones in garden stores or make your own!

Photo: Courtesy of Brenda Pokorny

Ladder Shelves

Ladder Shelves

You can build this popular ladder shelf piece for a lot less than what it would cost to buy one at a furniture store. And loved ones will certainly appreciate your effort!

Garden Archway

Garden Archway

This garden archway looks impressive and it’s surprisingly easy to create with these step-by-step instructions. Have fun watching climbing plants cover the archway year after year!

All-Purpose Stool

All-Purpose Stool

This useful stool is easy to make with a jigsaw and router. You can dress it up even more with a finish to match your mom’s decor.

Nature-Inspired Tool Tote

Nature-Inspired Tool Tote

Find a few handle-size branches and build this whimsical tool tote for your mom in an afternoon.

T50R.E.D Professional Staple Gun and Nailer from Arrow Fastener

T50R.E.D Professional Staple Gun and Nailer from Arrow Fastener

Is your mom a furniture makeover master? If so, she would love the T50R.E.D Professional Staple Gun and Nailer from Arrow Fastener. This handheld tool drives both staples and nails into hard and soft surfaces with ease. It’s especially handy for upholstery projects. Click here to buy it now.

Simpson Strong-Tie Workbench or Shelving Hardware Kit

Simpson Strong-Tie Workbench or Shelving Hardware Kit

Your DIY mom will have fun creating her own work space with this Simpson Strong-Tie Workbench or Shelving Hardware Kit. It comes with plans and all of the necessary hardware to build a super-sturdy bench. Sweeten the gift by including the 2×4 lumber, plywood and pegboard and your mom will be ready to roll. Click here to buy it now.

Save Your Back and Knees With a Rolling Seat

Save Your Back and Knees With a Rolling Seat

A rolling creeper seat doesn’t need much explanation. You sit on it. You store tools and parts under it. And you roll around to reach the tools and parts you forgot.Find creeper seats at any auto parts store, home center or online tool site. The model shown here is the Sunex 8507 Creeper Seat. A unit with a pneumatic lift and a contoured seat (for you Ferrari owners) could set you back a little more.

Practical Job Site Power Strip

Practical Job Site Power Strip

The Stanley 32050 FatMax Power Claw is a clever power strip built into a clamp. It can grab on to a stud, rafter, sawhorse or ladder. Hang it wherever you need power. This strip works great at keeping extension cord connections off the ground. That’s convenient, but it makes even more sense if you’re working outside on a wet surface. The Power Claw has three grounded outlets and a 15-amp breaker.

For the Stickler: Safety Two-in-One

For the Stickler: Safety Two-in-One

You’ll be more likely to use eye and ear protectors if they’re readily accessible, so why not keep them together?better yet, why not buy a pair of safety glasses that has built-in earplugs? These ReadyMax SoundShield safety glasses are equipped with a pair of earplugs that tuck into the ends of the earpieces/temples. Pull the plugs out of the earpieces when your work gets loud, and yank them back in with the retractable string when it quiets down a bit. These are perfect for construction, hunting or just cutting up wood in the garage. There are various styles to choose from?some glasses are tinted, some clear?and replacement earplugs are available.

read more…

https://www.familyhandyman.com/smart-homeowner/50-awesome-gifts-for-diyers-under-50/view-all/

Mt Kisco election upsets | Mt Kisco Real Estate

Longtime Mount Kisco Mayor Michael Cindrich is out.

Cindrich, a Democrat, who had served for 14 years, was defeated by upstart Gina Picincih of 4MountKisco, 52 percent to 48 percent, 1,320 votes to 1,209 votes.

Her running mate, Isi Albanese, was elected to the village board, along with incumbent Democrat Peter Grunthal. Democrat Anthony Markus was defeated.

In Croton, the Croton Democrats took back control of village board. Brian Pugh defeated Mayor Greg Schmidt 58 percent to 42 percent while Democrats Amy Attias and Sherry Horowit were elected to the Town Board.

In Pound Ridge, Democrat Kevin Hansen became the new supervisor, defeating incumbent Dick Lyman, 52 percent to 48 percent.

Yorktown Republican Supervisor Mike Grace fell to challenger Illan Gilbert 51 percent to 49 percent.

In other results:

  •  Catherine Borgia, the Majority Leader of the Board of Legislators who represents District 9, defeated challenger Bob Outhouse, 63 percent to 37 percent, according to unofficial results from the Westchester County Board of Elections.
  •  District 9 covers Ossining, Peekskill, Cortlandt, and Briarcliff.
  •  In District 1, which covers Peekskill, Yorktown and Cortlandt, Legislator John Testa, a Republican, defeated challenger Nancy Vann, a Democrat 56 percent to 44 percent, 7,863 votes to 6,240 votes with 46 percent reporting.Testa won a fifth term.
  •  in District 2, which covers Bedford, Lewisboro, Mount Kisco, North Salem, Pound Ridge, Somers,  Kitley Covill, a Democrat, denied Republican Francis Corcoran his chance at a second term.  Covill won 55 percent to 45 percent.
  •  In District 3, which covers Mount Pleasant, Pleasantville and North Castle, Legislator Margaret Cunzio, a Conservative, defeated Daren Tolz, a Democrat 55 percent to 45 percent, 7,845 votes to 6,377 votes, according to unofficial returns from the Westchester County Board of Elections. Cunzio was running for a second term.
  •  In Bedford, Democrats MaryAnn Carr, an incumbent and Kate Galligan easily defeated Republicans Kyle Carleton and Mary Ellen Devey McLaughlin for two seats on the village board.
  •  In Cortlandt, longtime Supervisor Linda Puglisi, a Democrat, defeated Republican challenger, Liam Carroll 75 percent to 25 percent. Puglisi was running for a 14th term. Democrats Debra Carter-Costello, an incumbent, and James Creighton, were easily elected to the town board.
  •  In Lewisboro, incumbent Democrat Peter Parsons defeated Republican Jason Krellenstein 61 percent to 39 percent, Parsons was running for a fourth term.
  •  In the race for the town board, Tony Goncalves and Jane Crimmins defeated Republican incumbents Frank Kelly and Peter DeLucia with 2,243 votes and 2,242 votes, respectively. DeLucia and Kelly have 1736 votes and 1168 votes.
  •  In Somers, Republican incumbents Anthony Cirieco and William Faulkner defeated Democrats Robert Ondrovic and Thomas Newman.

 to sign up for Daily Voice’s free daily emails and news alerts.

read more….

http://armonk.dailyvoice.com/politics/upsets-mark-northern-westchester-election-results/726452/

Manhattan Renters Seeking Deals Send Leasing to a Record | Mt Kisco Real Estate

In Manhattan, the number of newly signed leases climbed 17 percent in May from a year earlier to 5,969, the biggest total for the month in nine years of record-keeping, according to a report Thursday by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. In Brooklyn, new apartment contracts surged 23 percent to 1,460, also the biggest total for the month in data going back to 2008.

Renters are taking advantage of a market that’s crowded with listings, weighing offers of free rent and other perks from landlords who are working to keep their units filled. Twenty-five percent of all new leases signed last month in Manhattan came with some kind of concession from the owner, about double the share in May 2016, Miller Samuel and Douglas Elliman said. In Brooklyn, sweeteners were offered on 15 percent of new agreements, up from 8.8 percent a year earlier.

“They realize, ‘I do have quite a bit of options so let me take a look,’” Hal Gavzie, Douglas Elliman’s executive director of leasing, said of renters’ thinking. “‘Let’s just test the water and see what’s out there.’”

Vacancies Drop

In Manhattan, the surge of renter interest was enough to push down the vacancy rate to the lowest in two years, 1.72 percent, the firms said. It was the first time since 2015 that the figure dipped below 2 percent.

While all that dealmaking helped attract tenants, it kept a lid on rent growth. In Manhattan, net effective rents — calculated after incentives are factored in — were up 0.6 percent in May from a year earlier, to a median of $3,377, the firms said. In Brooklyn, the median rent after concessions dropped 2.1 percent to $2,782.

Some landlords are luring tenants by actually lowering their asking prices — a way to stand out from the crowd where free months of rent and payment of broker’s fees have become commonplace, Gavzie said.

 

read more…

 

https://www.bloomberg.com/news/articles/2017-06-08/manhattan-renters-seeking-deals-send-leasing-to-a-record-for-may

Home Price Gains Continue | Mt Kisco Real Estate

The Case-Shiller (CS) National Home Price Index, released by S&P Dow Jones Indices, continued to rise in October. The CS Home Price Index rose at a seasonally adjusted annual growth rate of 10.7%, up from 10.1% last month. Due to tight inventory and high demand, house prices have accelerated since May and reached the pre-recession peak of 2006.

Along with the increases in national home prices, local home prices also increased in varying degrees in October. Figure 2 shows the annual growth rate of home prices for 20 major U.S. metropolitan areas.

All of the 20 metro areas had positive home price appreciation, ranging from 3.5% to 18.3%. Atlanta had the highest home price appreciation at 18.3%, while Chicago had the lowest but still positive growth at 3.5%. Home price appreciation in seven of the 20 metro areas was higher than the national level of 10.7%. Those markets are Atlanta (18.3%), Cleveland (16.7%), Tampa (15.1%), Dallas (12.6%), San Francisco (12.4%), Washington DC (11.4%) and Boston (11.1%).

 

read more…

 

 

 

Home builder confidence ends the year at highest point since 2005 | Mt Kisco Real Estate

Home builders saw a significant boost in confidence after President-elect Donald Trump won the election, according to the National Association of Home Builders/Wells Fargo Housing Market Index.

This increase brought builder sentiment up seven points to a level of 70, the index’s highest point since July 2005.

Just before the election, builder confidence held steady, holding the HMI level at 63.

“This notable rise in builder sentiment is largely attributable to a post-election bounce, as builders are hopeful that President-elect Trump will follow through on his pledge to cut burdensome regulations that are harming small businesses and housing affordability,” said NAHB Chairman Ed Brady, a home builder and developer.  “This is particularly important, given that a recent NAHB study shows that regulatory costs for home building have increased 29% in the past five years.”

Perhaps this is just the increase the industry needs to boost new home development for first-time buyers, something that First American Chief Economist Mark Fleming said will be a key player in 2017’s housing market.

“Though this significant increase in builder confidence could be considered an outlier, the fact remains that the economic fundamentals continue to look good for housing,” NAHB Chief Economist Robert Dietz said.

“The rise in the HMI is consistent with recent gains for the stock market and consumer confidence,” Dietz said. “At the same time, builders remain sensitive to rising mortgage rates and continue to deal with shortages of lots and labor.”

Derived from a monthly survey that NAHB has been conducting for 30 years, the index gauges builder perceptions of current single-family home sales and sales expectations for the next six months as good, fair or poor. The survey also asks builders to rate traffic of prospective buyers as high to very high, average or low to very low. Scores for each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as good than poor.

 

read more…

 

http://www.housingwire.com/articles/38764-home-builder-confidence-ends-the-year-at-highest-point-since-2005?eid=311691494&bid=1616756

Mortgage applications rise again | Mt Kisco Real Estate

Mortgage Applications in the United States is expected to be 0.98 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Mortgage Applications in the United States to stand at 0.48 in 12 months time. In the long-term, the United States MBA Mortgage Applications is projected to trend around 0.48 percent in 2020, according to our econometric models.

United States MBA Mortgage Applications

 

Existing Home Sales Weak Despite Good Job Numbers | Mt Kisco Real Estate

Sales of existing homes weakened at the end of 2015, despite ongoing good news for job creation. According to estimates from the National Association of Realtors (NAR), the seasonally adjusted volume of home resales declined 10.5% from October to November and were 3.8% lower than a year prior. This marked the first year-over-year decline since September 2014. However, much of this decline was attributable to new mortgage disclosure rules from the Consumer Financial Protection Bureau that likely resulted in delays for some sales.

Similarly, the NAR Pending Home Sales Index, a forward-looking indicator for home sales, declined in November. This was the third decline in the last four months; however, the index remains 2.7% higher than a year ago.

In contrast, new home sales posted a small increase in November, rising 4.3% from a downwardly revised October pace to a 490,000 annual pace. On a year-to-date basis, new home sales were 14.5% higher than for the first 11 months of 2014. Builders are also adding to inventory with rising demand. New home inventories rose to 232,000, the highest since January 2010.

Strengthening job creation should continue to promote home building activity in 2016. And the December Bureau of Labor Statistics report offered positive news. The economy produced 292,000 more jobs for the month, plus an additional 50,000 jobs recorded due to upward revisions for prior months. The unemployment rate held steady at 5%.

The residential construction industry – home builders and remodelers – added 23,100 jobs in December after a cycle-high job gain set in November (31,500). These two months followed a period of lackluster employment gains for the sector. The overall construction industry continues to see elevated levels of unfilled jobs, as does the economy as whole.

 

read more…

 

http://eyeonhousing.org/2016/01/eye-on-the-economy-existing-home-sales-weak-despite-good-job-numbers/

Affordable Housing Victory for Westchester | Mt Kisco Real Estate

Another Affordable Housing Victory for Westchester

Westchester won another victory Thursday in the ongoing affordable housing settlement with the federal government when U.S. Magistrate Judge Gabriel W. Gorenstein ruled that the county had provided financing for enough units to meet its 2014 benchmark.

The ruling further states that there was no basis for the county to be held in contempt. Thursday’s decision follows a September victory where a federal appeals court found that the county had not discriminated as it relates to affordable housing.

“This is another win for our residents,” said County Executive Rob Astorino in a statement. “From the beginning, the county has worked hard to comply with the terms of the settlement. But we have also stood firm against overreaching by the federal government to force the county to do things that are not in the agreement. The magistrate’s decision clearly shows that the county has met its obligations and that the federal government’s contention of contempt was wrong and without legal merit or justification.”

From an Astorino press release on the ruling:

The latest ruling centers on 28 units of affordable housing being developed in New Castle under the name Chappaqua Station. The units are part of the 2009 affordable housing settlement reached between the federal Department of Housing and Urban Development and the administration of former County Executive Andrew Spano. Under the terms of the agreement, the county must ensure the development of 750 units of affordable housing in 31 mostly white communities by the end of 2016.

The settlement also calls for the county to meet annual benchmarks. By the end of 2014, the county had to have 450 units with financing in place. In November of 2014, the Westchester County Board of Legislators approved financing for the Chappaqua Station project, putting the county over the benchmark by four units. However, the federal monitor assigned to the case, James Johnson, who serves at the pleasure of HUD, and the Department of Justice claimed the units should not count because the financing was “subject to” the development receiving all the necessary approvals. Not counting the units would have left the county 24 units short.

However, U.S. Magistrate Judge Gabriel W. Gorenstein dismissed the federal government’s contention, saying the 28 units “should be counted.” “The record is devoid of evidence that the inclusion of this [‘subject to’] provision makes the financing any less available for the Chappaqua Station development,” wrote Judge Gorenstein.

The magistrate also sided with the county on the contempt issue, saying the federal government had failed to meet the standard for showing such a charge was warranted. The county argued successfully that its behavior had to be measured against what the settlement actually says, not what the Monitor claimed it said in his report.

“We cannot conclude on the current record that the Settlement language was clear and unambiguous … such that the County could be held in contempt for not taking the additional actions stated in the Report.”

Astorino said the ruling was critically important for showing once again that the county has been complying with the terms of the settlement. In September, the U.S. Court of Appeals for the Second Circuit gave Westchester a resounding victory when it declared that “there has been no finding, at any point, that Westchester actually engaged in housing discrimination.” That finding by the nation’s second highest court clearly repudiated the allegation that Westchester’s zoning laws are discriminatory and exclusionary.

“The federal government has tremendous power and can do tremendous damage to the reputations of people and institutions simply by throwing out charges like contempt even if they are later found to be baseless,” said Astorino. “The U.S. magistrate’s ruling corrects the false narrative by the federal government that Westchester County has done anything wrong with respect to implementing the housing settlement.”

For 2015, the county has already surpassed its 600-unit benchmark for financing with 635; and has 466 units with building permits, 59 short of the goal with 101 applications pending.

read more….

 

 

http://patch.com/new-york/newrochelle/

#Expandable #Home Is a Low-Cost Solution to Social Housing Shortage | Mt Kisco Real Estate

Image via Dezeen
Image via Dezeen

What can be done to help those underprivileged groups who cannot afford a home? Mexican female architect, Tatiana Bilbao, gives her answer with a presentation of her latest building prototype at the recent Chicago Architecture Biennial.

Image via Dezeen
Image via Dezeen

The house, about half the cost of a same-sized regular property, consists of a five-meter-high living and dining area, kitchen, bathroom, and two bedrooms. The home has a concrete block core and wooden pallet modules in the surrounding rooms, which allows flexibility to add up to five additional bedrooms. Such a design makes it quick and easy to adapt the house for different layouts to fit into a specific lot. At its smallest, the house takes up an area of 463 square feet, which meets the minimum federal requirement.

Image via Dezeen
Image via Dezeen

The flexible, expandable house was commissioned by the Mexican government to address the country’s social housing shortage for people with low incomes, which has been a worsening yet neglected problem. There has been a housing shortage of as many as nine million homes in Mexico, but few architects have taken the initiative to address the urgent crisis, Bilbao told Dezeen in an interview.

Image via Dezeen
Image via Dezeen

“When we were commissioned to design this model, the first thing in my mind was that I wanted to give more space for the same money,” Bilbao said to Dezeen. Part of the modular system is done with an industrial palette, rather than some expensive strong materials, to save the budget and cut down the price for the customers, she explained.

Image via Dezeen
Image via Dezeen

Bilbao expected to have as many as 3,000 of these homes built per year, to meet the strong need of social housing in Mexico.

 

read more…

 

http://www.ecobuildingpulse.com/projects/

 

Student Debt Is a Bigger Barrier to Homeownership than ever | Mt Kisco Real Estate

Student loan debt continues to grow as an obstacle in a consumer’s ability to buy a home, as 57 percent of 2015 respondents who acknowledge having student loans said this debt was either “very much” or “somewhat” of an obstacle, compared to 49 percent of 2014 respondents, according to the third annual America at Home survey from NeighborWorks America.

The survey found that generally levels of student debt among adults have not changed greatly in the past year.  The percent that personally has any student debt stayed the same, at 17 percent of the national sample.  The percentage that worries about their student debt they owe either all of the time or some of the time also stayed constant, at 30 percent.

When it comes to their ability to buy a home, however, the survey found that student debt has grown to be an even greater barrier to homeownership now than it was a year ago.  One out of four participants in the survey (25%) said student is “very much of an obstacle” to buying a home, compared to 20 percent a year ago and 32 percent said it is “somewhat of an obstacle” compared to 29 percent a year ago. The percent of adults who said they who has had to delay the purchase of a home because of their student loan debt increased from 24 to 28 percent over the past 12 months.

Additionally, although mortgage rates remain historically low, a generally steady rise in home prices is outpacing income growth, leading homebuyers — especially first-time buyers — to search for ways to build up a down payment. However, nearly 40 percent of respondents have received “nothing at all” in terms of information about down payment assistance programs for middle-income homebuyers, programs that could provide thousands of dollars to help bridge a savings gap.

Finally, the housing market is being pressured by changing demographics. Of the respondents surveyed, 43 percent planned to purchase a home when they “got married or moved in with a life partner.” This is important for the housing market’s rebound, because the median age at first marriage has increased to 29.3 for men and 27.0 for women, according to the Census Bureau, up from 26.8 and 25.1 years, respectively in 2000.

“It’s clear the housing market is directly affected by many factors, and these forces identified in our survey are putting strong downward pressure on growth,” said Paul Weech, president and CEO of NeighborWorks America. “While NeighborWorks can’t address the demographic shift, we are increasing our efforts to support nonprofits that offer homebuyer education and financial capability coaching.”

 

read more…

 

http://www.realestateeconomywatch.com/2015/10/student-debt-is-a-bigger-barrier-to-homeownership-than-ever/