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Pound Ridge NY Homes

6 Food Trucks to Book for Your Wedding | Pound Ridge Real Estate

With so many events – engagement parties, showers, rehearsal dinners, after parties and send-off brunches – associated with your wedding day, food trucks are the perfect mobile way to break out of a catering rut. Six of our favorites offer a variety of cuisines and services perfect for all your events, or even the big day itself.

 

Melt Mobile

Based in Stamford, this duo of trucks offers seven grilled cheeses, plus sweet dessert melts.

The Menu: Rentals include the full menu (from the original to the jalapeno popper to the pulled pork with caramelized onions and pickles), plus any daily specials.

The Cost: Main service is $25/person; end-of-night service is $400 plus consumption. Bookings more than 1 hour from Stamford incur a $250 travel fee.

Test it Out: Follow Melt Mobile on facebook for a weekly list of locations.

Book it: www.melt-mobile.com

 

Walter’s Hot Dog Truck

Mamaroneck’s iconic hot-dog stand now has a small fleet of trucks serving its most popular standards.

The Menu: Customers can pick and choose which dishes (hot dogs, fries, potato puffs, ice cream, and homemade Italian ices, to name a few) they’d like to offer.

Cost: Starts at $1000 and varies based on the menu

Test it Out: The truck is at the White Plains Farmers’ Market on Wednesdays (10 a.m. to 4 p.m.) until November.

Book it: www.waltershotdogs.com/truck

 

The Cookery’s DoughNation

Chef David DiBari’s Dobbs Ferry pizza truck serves original interpretations of Neapolitan-style pies.

The Menu: Five pies: Margherita; Cookery meatball with silky ricotta; four cheese drizzled with chili honey; Brussels sprouts and bacon; and fresh lemon with scamorza and basil.

The Cost: Prices range from $1,200 (up to 50 guests) to $2,700 (up to 200 guests)

Test it Out: Find it at farmers’ markets in Irvington, Hastings-on-Hudson, and Chappaqua.

Book it: www.thecookerysdoughnation.com; only available April to November within 65 miles of Dobbs Ferry.

 

 

Frites of NY

Party of Two Catering operates this popular Hudson Valley-based truck specializing in fries tossed with flavorful seasonings or smothered in creative toppings.

The Menu: Choose from three options. The Basic Party (two hours of service, choose three menu items from more than 15 options) and the After Party (one hour of service, choose from seven options) both feature all-you-can-eat topped fries. The Toss Up is a pay-by-the-hour service and only includes tossed fries.

Cost: The Basic Party, $14 per guest; the After Party, $7 per guest; the Toss Up, $5 per guest per hour.

Test it Out: Follow Frites of NY on Facebook to find the truck at events.

Book it: www.fritesofny.com; truck is not permitted in Rockland, Greene or Albany counties.

 

The Souvlaki Truck

Greek street food (and thick-cut oregano fries) is the big draw for this Yonkers truck.

The Menu: Choose from Vending Style (guests order individually) or Buffet Style (setup of trays), to bring chicken souvlaki, pork souvlaki, lamb gyro, falafel, and fries to your guests.

The Cost: Vending style charges a truck rental fee (starts at $500) plus consumption; Buffet Style, $1,000 up to 50 guests, then $15 per guest.

Test it Out: The truck parks on Central Ave in Yonkers (between Fort Hill Ave and Ardsley Rd) Tuesday through Sunday.

Book it: www.souvlakitruck.com

 

Bona Bona Truck

The sweetest way to cap the night? How about a few scoops Nick DiBona’s popular, locally made ice cream.

The Menu: Scoops (cups or cones), sundaes, and shakes in flavors like rainbow cookie and cannoli, plus plenty of whipped cream, sauces, and sprinkles.

The Cost: $350 truck-rental fee plus per person fees $6-$13 (depending on the menu)

Test it Out: Follow Bona Bona Ice Cream Truck on Facebook to find it at events.

Book it: www.bonabonaicecream.com; only available within 20 miles of Larchmont

 

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http://www.westchestermagazine.com/Blogs/Wedding-of-the-Month/May-2017/6-Food-Trucks-to-Book-for-Your-Wedding/

Mortgage rates average 4.05% | Pound Ridge Real Estate

Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year mortgage rate hovering around 4 percent for the fourth consecutive week.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.05 percent with an average 0.5 point for the week ending May 11, 2017, up from last week when it averaged 4.02 percent. A year ago at this time, the 30-year FRM averaged 3.57 percent.
  • 15-year FRM this week averaged 3.29 percent with an average 0.5 point, up from last week when it averaged 3.27 percent. A year ago at this time, the 15-year FRM averaged 2.81 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.14 percent this week with an average 0.5 point, up from last week when it averaged 3.13 percent. A year ago, the 5-year ARM averaged 2.78 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.

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

“The 10-year Treasury yield jumped 8 basis points this week while the 30-year mortgage rate rose 3 basis points to 4.05 percent. Mixed economic reports over the last few weeks have anchored the 30-year mortgage rate around the 4 percent mark.”

US existing sales increase 2% | Pound Ridge Real Estate

Sales of previously owned houses in the United States rose 2 percent to a seasonally adjusted annual rate of 5600 thousand in October of 2016. It is the highest figure since February of 2007, beating market expectations of a 0.5 percent fall or 5430 thousand. Sales of single family homes went up 2.3 percent to 4990 thousand while those of condos were flat at 610 thousand. The average price fell 1 percent and the months’ worth of supply went down to 4.3 from 4.4. Existing Home Sales in the United States averaged 3881.83 Thousand from 1968 until 2016, reaching an all time high of 7250 Thousand in September of 2005 and a record low of 1370 Thousand in March of 1970. Existing Home Sales in the United States is reported by the National Association of Realtors.

 

 

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http://www.tradingeconomics.com/united-states/existing-home-sales

 

Mortgage rates drop to 3.54% | Pound Ridge Real Estate

Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates declining for the second consecutive week.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 3.54 percent with an average 0.5 point for the week ending June 16, 2016, down from last week when it averaged 3.60 percent. A year ago at this time, the 30-year FRM averaged 4.00 percent.
  • 15-year FRM this week averaged 2.81 percent with an average 0.5 point, down from last week when it averaged 2.87 percent. A year ago at this time, the 15-year FRM averaged 3.23 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.74 percent this week with an average 0.5 point, down from last week when it averaged 2.82 percent. A year ago, the 5-year ARM averaged 3.00.

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.

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

“The 10-year Treasury yield continued its free fall this week as global risks and expectations for the Fed’s June meeting drove investors to the safety of government bonds. The 30-year mortgage rate responded by falling 6 basis points for the second straight week to 3.54 percent — yet another low for 2016. Wednesday’s Fed decision to once again stand pat on rates, as well as growing anticipation of the U.K.’s upcoming European Union referendum will make it difficult for Treasury yields and — more importantly — mortgage rates to substantially rise in the upcoming weeks.”

Existing home sales drop 3.4% in October | Pound Ridge Real Estate

Existing home sales, as reported by the National Association of Realtors, decreased 3.4% in October, and the annual share of first-time buyers in 2015 fell to its second-lowest level since the survey was launched in 1981. Total existing home sales in October decreased to a seasonally adjusted rate of 5.36 million units combined for single-family homes, townhomes, condominiums and co-ops, down from 5.55 million units in September. October existing sales were up 3.9% from the same period a year ago.

Existing Home Sales October 2015

Existing sales were flat in the Northeast and fell 0.8% in the Midwest, 3.2% in the South 8.7% in the West. Year-over-year, all four regions increased, ranging from 8.6% in the Northeast and 8.3% in the Midwest to 2.7% in the West and 0.5% in the South.

Total housing inventory decreased by 2.3% in October, and is 4.5% below its level a year ago. At the current sales rate, the October unsold inventory represents 4.8-month supply, compared to a 4.7-month supply in September. One-third of homes sold in October were on the market for less than a month.

The distressed sales share fell to 6% in October, the lowest since the series began in October 2008. Distressed sales are defined as foreclosures and short sales sold at deep discounts. The October all-cash sales share remained unchanged at 24% in October, compared to 27% a year ago. Individual investors purchased a 13% share in October, unchanged from September but down from 15% during the same month a year ago.

The October median sales price of $219,600 declined to the lowest level since April, but was 5.8% above the same month a year ago, and represented the 44th consecutive month of year-over-year price increases. The median condominium/co-op price of $207,100 in October was up 1.6% from the same month a year ago.

 

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http://eyeonhousing.org/2015/11/existing-sales-realign/

Home Prices: The Tilting of America | Pound Ridge Real Estate

The chart below from Case-Shiller’s release today of its July data says it all.  Prices now are shifting a lot on a monthly basis.  The range between appreciating and depreciating markets seems to be growing and no longer do the “sand” states, judicial foreclosure states or foreclosure states or cities with the best economies and most jobs.

Rather, with the possible exceptions of Cleveland and Boston, appreciating markets are to be found west of the Mississippi and depreciating ones to the east, as if America were a great raft at sea with too much weight on one end.

These are seasonally adjusted month-over-month increases and they are particularly important because both seasonally adjusted existing sales and pending sales dropped unexpectedly in August, according to NAR.  Like Case-Shiller, NAR found annualized prices in the West (7.1%) much higher than the East (2.4%)2015-09-29_13-30-14

 

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http://www.realestateeconomywatch.com/2015/09/home-prices-the-tilting-of-america/

Price Increases Bring Buyers Into the Market | Pound Ridge Real Estate

In ordinary markets, when prices are volatile, market players tend to shy away. This is one of the reasons why even the stock markets are very sensitive to price changes. In a report from businessinsider.com, the reverse is true in the housing market, as price volatility is actually an invitation to investors to join the party.

In a study conducted by James P. Smith, Zoe Oldfield, Richard Blundell and James Banks on the relative volatility of specific housing markets in the UK and the US, they surmised two major conclusions. The first being, individuals are more likely to purchase a home earlier in life in places that have high volatility in prices. The second being, people would move to a larger home in places that have high volatility in prices.

While this seems to go against common sense, the group said in their paper, “Typically, risk averse individuals will avoid risky assets as volatility increases. In this paper, we show that owner-occupied housing is an exception to that rule.”

The researchers discovered that people intuitively dive into the large waves price volatility creates in the housing market. In a report from sciencedaily.com, the willingness of these buyers to risk their money not only creates the fluctuations but also is directly related to the price volatility in the housing market.

According to research conducted by fellows from the University of Kansas, namely Associate Professor for Economics Shu Wu and fellow authors Joseph Fairchild of Bank of America and Jun Ma from the University of Alabama, the risk taking in a market place triggers the volatility.

 

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http://www.realtytoday.com/articles/20081/20150713/

Living Large in Small Spaces | #PoundRidge #RealEstate

Five hundred square feet might not sound like much, but as rents clearly show, in some markets that’s a coveted amount of real estate. In other places, it’s plenty of space to rest your head and grab a bite after a day in the woods or on the water. And in many areas, it’s the right size for a reasonable mortgage.

Here’s how it looks to live in 500 or fewer square feet around the country:

Lahaina, HI

3543 Lower Honoapiilani Rd #D206, Lahaina, HI
For sale: $365,500
Size: 454 square feet

Lahaina, HI

This studio offers rich living on a budget in Maui — complete with the use of two pools, two clubhouses, two Jacuzzis and two putting greens, all surrounded by lush landscaping.

See more listings in Lahaina.

Boston, MA

12 Melrose St APT 3, Boston, MA
For sale: $379,000
Size: 415 square feet

Boston MA

Just steps from Boston Common, this 1-bedroom, 1-bath home has hardwood floors, a sunny kitchen and a private deck.

View more homes for sale in Boston, MA.

Semora, NC

186 Munday Oakley Rd, Semora, NC
For sale: $380,000
Size: 500 square feet

Semora, NC

More than 200 feet of lakeshore and a two-slip boat dock come with this cottage near the North Carolina-Virginia border. The home’s large windows offer views of the lake and 1-acre lot.

See more homes on the market in Semora, NC.

Crawford, CO

38618 Fruitland Mesa Rd, Crawford, CO
For sale: $329,000
Size: 468 square feet

Crawford, CO

The great wide open beckons to whoever sleeps in this 468-square-foot cabin on the edge of a canyon between Aspen and Telluride. Situated on 40 acres amid mountains and valleys, the home features an aspen tongue-and-groove ceiling, built-in bookcases and electricity from charged batteries. There’s no bathroom, but a quaint outhouse was just built.

Check out more homes listed in Crawford, CO.

Too Many Listings, Too Much Time | Pound Ridge Real Estate

A new study scheduled to be published by the Journal of Housing Economics found that agents who take on too many listings sell them for about 3 percent less and it takes 129 percent longer to sell than agents with modest listing inventories.

The study looked at whether agents have an incentive to take on too many listings—at least from the point of view of their clients. Additional listings may represent additional broker commissions, but they also place greater claims on the broker’s time and energy, which in turn can have adverse sales performance consequences for their clients.

The dilution of agent effort and agency costs by very large numbers of listings adversely affects home prices and liquidity, concluded the study by economists Xun Bian, Bennie D. Waller, Geoffrey K. Turnbull, Scott A. Wentland.

‘It is clear from the results that there is a relationship between agent inventory and sales outcomes that sellers care most about: selling price and time on market. Greater agent inventory is associated with a slightly lower price and a significantly higher time on market,” wrote the authors.

While the adverse impact on price is modest, the effect of agent inventory on liquidity is substantial, the study found. The study found that adding 9 additional listings increases time on market by14%. A richer inventory measure taking into account distance-weighted overlapping listings yields a 26% effect on liquidity.

The study also compared sales of agent-owned homes versus homes owned by clients and found that agents generally sell their homes for approximately 1.6% more than client properties. Inventory competition increases the time on market by 26% for clients, but only 12% for agents. In sum, agent-owned homes still take longer to sell with additional inventory but not as long as client properties. This supports the theory that the inventory effect is driven primarily by agent incentives.

 

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http://www.realestateeconomywatch.com/2015/05/

PHILIP JOHNSON’S Glass House in New Canaan, Conn | Pound Ridge Real Estate

The legendary architect and his companion, the curator David Whitney, spent their weekends in the world’s most famous transparent box. Or did they?

Photo

Philip Johnson, left, with his partner, the art curator and collector David Whitney, photographed by Mariana Cook on the Glass House property in 1995.
Philip Johnson, left, with his partner, the art curator and collector David Whitney, photographed by Mariana Cook on the Glass House property in 1995.Credit

WHEN PHILIP JOHNSON’S Glass House in New Canaan, Conn., was featured in Life magazine soon after its completion in 1949, architects and designers downed martinis at the Oyster Bar, pondering the future of the International Style. But that probably wasn’t what most people were thinking about as they looked at the pictures. They likely leaned back in their Barcaloungers and wondered: How could he actually live in a clear box, without walls, without privacy, without any stuff?

The answer was that despite our indelible impression of Johnson, the owlish man in the dapper suit and those spectacles,­­ spending his incredibly long life (he died at age 98 in 2005) in the 1,800-square-­foot transparent rectangle, silhouetted against a backdrop of greenery that he called “expensive wallpaper,” he never really did live in the Glass House. At least not in the self-­contained sense in which the rest of us occupy our homes.

T’s design editor Tom Delavan tours the 49-acre estate with Henry Urbach, the house’s director.

Instead, the Glass House was merely the focal point of what eventually grew to be a veritable architectural theme park on 49 meticulously tended acres, comprising 14 structures, in which Johnson and David Whitney, the collector and curator who met him in 1960 and became his life partner, and who died just months after Johnson, enjoyed their impossibly glamorous weekend existence.

From the bunker­like Brick House where Johnson often slept and the tiny, turreted, post­modern Library where he worked surrounded by architecture books, to Calluna Farms, the 1905 shingled farmhouse and the subterranean art gallery, the collection of buildings formed Johnson’s idea of the perfect deconstructed home. When the Glass House compound, a National Trust for Historic Preservation site, reopens for tours in May after its usual winter break, the public will for the first time be able to visit two additional structures of the 14 — Calluna Farms and Grainger, the cozy 18th­-century timber-frame house the couple used as a TV room — at last offering a more nuanced picture of what life really was like behind glass.

  • Philip Johnson’s “Glass House” refers ambiguously both to his iconic residence in New Canaan, Conn., and to the 49-acre property which comprised eight other buildings, including this house, called Grainger, which was used as a sitting room.Dean Kaufman
  • The world-famous Glass House, completed in 1949, was not the couple’s sole residence on the property. Dean Kaufman
  • The Sculpture Gallery, built in 1970, holds works from the likes of Frank Stella and Robert Morris. Dean Kaufman
  • The postmodern one-room Library, built in 1980, where Johnson often worked. Dean Kaufman
  • The Gehryesque Da Monsta gatehouse, completed in 1995. Dean Kaufman
  • The interior of Grainger, the 18th-century farmhouse used mostly for watching TV. Dean Kaufman
  • The entrance to the subterranean Painting Gallery. Dean Kaufman
  • Calluna Farms, the shingle-style farmhouse purchased by Johnson in 1981 to serve as Whitney’s residence. Dean Kaufman
  • The interior of Calluna Farms with its lace curtains and chairs designed by Prouvé, Le Corbusier and Thonet. Dean Kaufman
  • The bedroom in the Brick House, designed by Johnson in 1953, features vaulted ceilings, Fortuny-covered walls and a hand-woven carpet. Dean Kaufman
  • The Lincoln Kirstein Tower, a 30-foot folly on the property that Johnson used to climb. Dean Kaufman
  • A window by the artist Michael Heizer at the back of Grainger, facing the peony and iris garden. Dean Kaufman
Full Screen

IN THE BEGINNING, there were two: the Glass House and the Brick House, both about 50 feet long and finished within months of each other in 1949 on a five­-acre plot, with a 90-foot-wide grassy court separating them. History has downplayed the Brick House — from the outside it’s plain and it doesn’t fit well with the people­-in­-glass-­houses narrative — ­but Johnson always knew it would be impossible to live entirely in the open, so he built a place to get some privacy.

The rest of the buildings came naturally, if gradually. The idea of having a slew of small houses for different activities, moods and seasons, complemented by decorative “follies,” was Johnson’s conception for the site from early on. He called it a “diary of an eccentric architect,” but it was also a sketchbook, an homage to architects past and present, and to friends like the dance impresario Lincoln Kirstein, after whom Johnson named one of the follies he built on the property, a 30­-foot-high tower made of painted concrete blocks.

In contrast to their whirlwind weekday world in Manhattan, Johnson and Whitney saw life in New Canaan as perpetual camping, albeit of a luxurious, minimalist sort. Neither Grainger nor the 380-square-foot Library has a bathroom, though both are air­-conditioned, unlike the Glass House, which relies on cross ventilation. It originally had heating pipes in the ceiling and the floor, but the ceiling pipes reportedly froze early on and were never adequately repaired. To compensate, on particularly cold winter days the temperature of the water flowing through the radiant heated floors was turned up to nearly 200 degrees. “You couldn’t go in there with bare feet,” Port Draper, the contractor who maintained the house for many years, recalled in The Times in 2007. Johnson was unbothered by the house’s leaks, a problem endemic to a flat roof. Frank Lloyd Wright once referred to one of his houses as a “two-bucket house,” according to Robert A. M. Stern, to which Johnson gaily replied, “Oh, that’s nothing, Frank. Mine’s a four-bucket house. One in each corner.”

While the Glass House was designed with areas for dining, living and sleeping, loosely divided by low cabinetry and a brick cylinder holding the chimney and bathroom, it functioned more as a living space, an occasional office for Johnson and a place to throw parties (lots of them, attended in the early years by a coterie of young Yale architecture students, and later by the likes of Richard Meier, Frank Gehry, Fran Lebowitz and Agnes Gund). The house was astonishingly tchotchke­-free. “I don’t think clutter was allowed,” the painter Jasper Johns, a friend of both men, once said. “One was always aware of their ruthless elegance.”

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http://tmagazine.blogs.nytimes.com/2015/02/13/