Monthly Archives: April 2014

Fixed mortgage rates hit highest level since mid-January | Bedford Real Estate

Mortgage rates are quiet from last week and relatively unchanged, Freddie Mac said in its latest Primary Mortgage Market Survey.

The average 30-year, fixed-rate mortgage averaged 4.41% for the week ending April 3, slightly up from 4.40% a week ago, but drastically up from 3.54% a year earlier.

Furthermore, the 15-year, FRM also ticked up to 3.47%, a marginal increase from last week’s 3.42%, but up from 2.74% for the same period in 2013.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.12% this week, barely up from 3.10% a week prior, and up from 2.65% a year ago.

The 1-year Treasury-indexed ARM came in at 2.45% this week, rising from 2.44% last week and 2.63% for the same period a year ago.

“Mortgage rates were little changed amid a week of light economic reports. Of the few releases, real GDP was revised up slightly to 2.6 percent growth in the fourth quarter of 2013,” said Frank Nothaft, vice president and chief economist with Freddie Mac.

“The private sector added an estimated 191,000 jobs in March, which followed an upward revision of 39,000 jobs in February according to the ADP Research Institute. Also, the Institute for Supply Management reported the manufacturing industry rebounded from a soft February but was still below market consensus,” Nothaft continued.

Additionally, Bankrate noted that mortgage rates increased for the second consecutive week in a row.

 

 

http://www.housingwire.com/articles/29548-fixed-mortgage-rates-hit-highest-level-since-mid-january

 

Foreclosures slow but nearly 2M homes in serious delinquency | Bedford Corners Homes

 

CoreLogic’s (CLGX) new national foreclosure report shows there were 43,000 completed foreclosures in the United States in February 2014, down from 51,000 in February 2013, a year-over-year decrease of 15%.

On a month-over-month basis, completed foreclosures decreased 13.1% from 50,000 in January 2014.

In all of 2013, CoreLogic’s numbers shows that 4 million homes returned to positive equity, bringing the total number of mortgaged homes with equity to 42.7 million at the start of 2014.

Nearly 6.5 million homes, or 13.3% of all residential properties with a mortgage, were still in negative equity at the end of 2013.

“Although there is good news that completed foreclosures are trending lower, the bigger news is the impressive decline in the foreclosure and shadow inventories,” said Mark Fleming, chief economist for CoreLogic. “Every state has had double-digit, year-over-year declines in foreclosure inventory, which is reflected in the $70 billion decline in the shadow inventory.”

Completed foreclosures are an indication of the total number of homes actually lost to foreclosure.

Since September 2008, there have been approximately 4.9 million completed foreclosures across the country.

 

 

 

http://www.housingwire.com/articles/29549-foreclosures-slow-but-nearly-2m-homes-in-serious-delinquency

Chappaqua Will Enjoy Sunny Skies Before Rain, Cold Moves In Friday | Chappaqua Real Estate

 

Westchester County will enjoy more sun and spring warmth on Thursday as high temperatures push toward the 60-degree mark, the National Weather Service said.

But rain and cold is likely late Thursday night, mainly after 2 a.m. as temperatures drop into the mid- to upper 30s, the weather service said.

Rain and drizzle are likely, mainly in the afternoon on Friday. Skies will be cloudy and high temperatures will be much cooler, in the 40s. The chance of precipitation is 60 percent.

Rain with areas of fog will continue Friday night as temperatures plunge again into the 30s. The chance of precipitation is 80 percent overnight.

Sprinkles are likely to continue Saturday, mainly before 8 a.m. It will be mostly cloudy, then gradually becoming sunny, with a high in the 50s. Stronger west winds of 6 to 14 mph will develop, with gusts as high as 25 mph.

Saturday night will be clear with a low dropping into the upper 20s.

It will spring-like again Sunday, with sunny skies and temperatures in the 50s.

 

http://chappaqua.dailyvoice.com/news/westchester-will-enjoy-sunny-skies-rain-cold-moves-friday

 

Farmers Markets of Westchester | North Salem Real Estate

 

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Craft Beer Comes to Mamaroneck Farmers Market;                           ‘Tis the Time for Hot Cross Buns in Ossining + More April 3rd-9th, 2014 Down to Earth Markets
Earlyspring-lettuce
What’s New and On Special This Week
Bakewell Tarts Robinson & Co. Catering
Carrot Ginger Soup 100% Vegan; Flavored w/fennel, star anise, thyme & more Robinson & Co. Catering
Cornish Pasties Robinson & Co. Catering
Hot Cross Buns Bread Alone
Pork Pies Robinson & Co. Catering
Sausage Rolls Robinson & Co. Catering Swede & Stilton Gratin Topped w/Orwasher’s bread crumbs Robinson & Co. Catering
Click on a Market to see all vendor and event details…

    Westchester County
Mamaroneck Winter                                     Saturdays, 9:00 am-1:00 pm St. Thomas Episcopal Church                                     168 West Boston Post Road (at Mount Pleasant Ave) Ossining Winter
Saturdays, 9:00 am-1:00 pm At the corner of Spring & Main                                     in downtown Ossining
Headed to the city soon? Visit a Down to Earth                                     Farmers Market in NYC!
Announcements
Mamaroneck – We’re Movin’ On OUT!
This Saturday Mamaroneck’s Down to Earth Farmers Market is moving outdoors!                         You’ll continue to find your favorite vendors at St. Thomas Episcopal Church, only now they will set up outside in the driveway area in front of the church. It’s wonderful sign of spring.                         Next: Wild ramps at the markets in the warmer days…stay tuned…
                         Stay tuned to all market happenings via our Down to Earth Markets Facebook page                           and follow us on Twitter @DowntoEarthMarkets
How Down to Earth Markets Began
1991 market photo
1991 newspaper clipping about the Ossining Farmers Market

In tribute to the season of seedlings, we wanted to share the story of our early days. It goes like this…
Years ago, as the 1980s were giving way to the 1990s, a young mother named Miriam Haas started looking for local, organic apples. She and her family had recently moved to Ossining, NY, and having been an avid gardener all her life, she was curious to know where her food came from. Her apple quest came out of concern about Alar, a chemical sprayed on apple trees at the time to keep the fruit on the trees longer and make its color brighter. The chemical was also leading to a steady stream of reports that it was harmful to people, especially children. Miriam wanted a choice beyond these apples at the regular grocery store — the ones from thousands of miles away, stacked in high piles, all year around.
So she started making phone calls. The calls led to the formation of a new group, Families for Safe Food, with the mission of “increasing the local availability of organically produced food and related environmental issues.” The group created a food co-op, taking orders from each family, one by one, through lengthy phone calls. The process was arduous.
When the food came in, the group arranged for pick-ups in the only space they could find: a cold, drafty bard. “The kids loved it and they would run around, but we were freezing to death,” Miriam recalls, “I remember thinking, ‘There has got to be a better way’.”
The better way became the Ossining Farmers Market. In August of 1991, she opened the market with two farmers and a hand-painted sign. Ossining had held a market years before, but it had lost momentum and closed. Miriam’s efforts were met with a lot of enthusiasm in the market’s first days, but it was slow to build after that. Looking to 1992, she had only one confirmed farmer for the market. So she sent a letter far and wide to recruit more vendors. “I feel it gives a better impression if there is more than one vendor on the first day of the market,” she wrote.
Indeed, her straight-forward message worked, and the market began to grow. In 1993, she opened with three farmers, making the market eligible for the WIC Farmers Market Coupon Program. By 1995, her year-end letter to the market vendors asked them, “Are there any crops that haven’t been grown that would appeal to our growing Hispanic community?”
Now, over twenty-two years of Saturday mornings later, people continue to come to the Ossining Farmers Market at the corner of Spring and Main Streets in the center of town. Today Down to Earth Markets runs approximately 18 markets between Westchester and Rockland Counties, as well as in NYC.
It is said that the tree is as tall as its roots are deep. We love having deep roots in our market communities and look forward to the years ahead of growing together. Thank you for coming out to support local farmers and food makers at our markets this weekend!

Day Vendors This Week
Mamaroneck
Flourish Baking Company                         #Freedom Craft Brewery                         Hudson River Apiaries                         Mortgage Apple Cakes                         Robinson & Co. Catering (British-inspired foods made on the spot & more)                         The Peanut Principle (Gourmet seed & nut butters)
Down to Earth Markets 173 Main Street Ossining, NY 10562 Phone: 914-923-4837

 

Mortgage Rates Reletively Flat | Mt Kisco NY Homes

 

Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates relatively unchanged from last week.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.41 percent with an average 0.7 point for the week ending April 3, 2014, up from last week when it averaged 4.40 percent. A year ago at this time, the 30-year FRM averaged 3.54 percent.
  • 15-year FRM this week averaged 3.47 percent with an average 0.6 point, up from last week when it averaged 3.42 percent. A year ago at this time, the 15-year FRM averaged 2.74 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.12 percent this week with an average 0.5 point, up from last week when it averaged 3.10 percent. A year ago, the 5-year ARM averaged 2.65 percent.
  • 1-year Treasury-indexed ARM averaged 2.45 percent this week with an average 0.4 point, up from last week when it averaged 2.44 percent. At this time last year, the 1-year ARM averaged 2.63 percent.

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following links for the Regional and National Mortgage Rate Details and Definitions. Borrowers may still pay closing costs which are not included in the survey.

Quotes Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac.

“Mortgage rates were little changed amid a week of light economic reports. Of the few releases, real GDP was revised up slightly to 2.6 percent growth in the fourth quarter of 2013. The private sector added an estimated 191,000 jobs in March, which followed an upward revision of 39,000 jobs in February according to the ADP Research Institute. Also, the Institute for Supply Management reported the manufacturing industry rebounded from a soft February but was still below market consensus.”

L.A.’s ‘Unsellable’ Fleur de Lys Just Sold for $102M… in Cash | South Salem Real Estate

 

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Nobody freak out, but it seems that Los Angeles’ Fleur de Lys, the estate that broke records when it hit the market in 2007 for $125M and, despite years of floundering, stuck stubbornly to its exorbitant ask, has sold for $102M, a record for L.A. county. What’s more, the “trophy estate,” as the L.A. Times dubs it, apparently sold amid a bidding war that engaged three billionaires, with the winner (previously reported to be businessman and “junk bond king” Michael Milken) agreeing to pay all cash for this 100-room mansion, as well as its rare Louis XIV and Louis XV antiques.

Designed by Richard Robertson III and completed 2002, Fleur de Lys comes with 35,000 square feet of marble walls and spindly furnishings, all spread across 12 bedrooms, 15 bathrooms, accommodations for a 10-person staff, a 50-seat screening room, and a three-bedroom caretaker’s house. As the Los Angeles Times writes, “The 3,000-square-foot wine cellar and tasting room is larger than most American houses, as is the manager’s house.” The jumbomanse was built for billionaire David Saperstein and his then-wife, Suzanne. After David’s much-publicized affair with their Swedish nanny, the two went through a much-publicized divorce that left his ex with the palace. This, of course, all went through in 2007, when a recession made it extremely difficult to sell megalomansions.

Much like the largest private residence in the country, Fleur de Lys took inspiration from Versailles—practically a requirement for homes of this stature, apparently. The property first hit the market in 2007, slinked off the market in October 2009, and again listed for its original ask—a staggering $125M—in July 2011.

Thought it was once rumored to have sold to Formula One heiress Tamara Ecclestone, it seems Fleur de Lys actually went to Milken, a businessman/philanthropist and onetime so-called “junk bond king.” The buyer was initially identified as an anonymous French billionaire, but the paper has since uncovered that “taxes will be mailed to the Milken Institute in Santa Monica.”

 

 

http://curbed.com/archives/2014/03/31/las-unsellable-fleur-de-lys-just-sold-for-102m-in-cash.php

Sandy Weill Asks $14M For One of His Two Conn. Manses | Katonah Real Estate

 

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Location: Greenwich, Conn. Price: $14,000,000 The Skinny: Former Citigroup CEO and Extremely Rich Person Sandy Weill has listed one of his Greenwich, Conn., homes for $14M, reports the WSJ, which also notes that he’s keeping his other homes in Sonoma County, the Adironacks, New York City (a unit a few floors down from the 15 Central Park West penthouse he sold in Dec. 2011 for a record-setting $88M), the Bahamas, and his second Connecticut manse (which is right next door to this one). So don’t worry about Sandy Weill going homeless! Somehow he’ll muddle through with just the five remaining homes. The story behind the home is instructive: Weill gave the land to his son, who built a house, and then sold the house back to his dad for $11M, who then briefly listed it for $13M back in 2009. Turns out though, that someone had broken the economy, and suddenly “it was a very bad market,” so Weill pulled the listing…until now. The mansion, which was designed by Ira Grandberg, is described by the brokerabble as having “the noble character, elegance, and grandeur of England’s prestigious country estates,” which, translated, means that it’s “misshapen and top-heavy”. Inside the 16,000-square-foot manse there are six bedrooms, nine bathrooms, a billiards room, and a cupola with views of Long Island Sound.

 

 

http://curbed.com/archives/2014/04/01/sandy-weill-lists-one-of-his-two-greenwich-mansion-for-14m.php

Abandoned NY Island Has Lighthouse, B&B + Ghostly Rumors | Bedford Hills Real Estate

 

Execution%20Rocks.jpg [Photo via Scouting NY.]

Nick Carr, film location scout extraordinaire, was exploring islands in New York’s waterways when he spotted a lighthouse and its adjacent brick house (for the keeper) perched atop a rocky outcropping. Upon further digging, he learned that the lighthouse on Execution Rocks, located in the Long Island Sound between New Rochelle and the North Shore, was built in 1849 and had a quirky history (and roster of keepers) until it was automated in 1979. After a federal call for help in 2007, a Philadelphia couple stepped up and formed a nonprofit to maintain and restore the petite island’s structures. On the long road to raising $1.2 million, they’re banking on New Yorkers’ sense of adventure and penchant for history, creating three no-frills double rooms and charging guests $150 per person per night to stay there

 

 

 

http://ny.curbed.com/archives/2014/04/01/abandoned_ny_island_has_lighthouse_bb_ghostly_rumors.php

Social Media Marketing Secrets of Smart Savvy Bloggers | Bedford Realtor

 

The success of a blog can be judged on different aspects, but engagement will  be a dominant factor in achieving the desired outcome. Using social media  marketing to promote your blog can be highly effective, and your ‘followers’ or ‘likes’ should be considered as important metrics.

However, ensuring that you truly engage with these people, across all  platforms, is equally important and often overlooked.

Seth Godin is widely viewed as an arbiter on marketing issues, he has  repeatedly referenced Kevin Kelly’s ‘1000 True Fans’ article. Kelly’s principal message is that  a ‘true’ fan is of greater value than a lesser fan, and that engagement helps  nurture ‘true’ fans. He states that:

The genius of the True Fan model is that the  fans are able to move an artist away from the edges of the long tail to a degree  larger than their numbers indicate.’

His article focuses on upcoming artists aiming to sustain a living, but the  methods can be applied to the development of any blog. If you’re dealing with  larger numbers, or are representing a corporation, then you should still pay  heed to these core values with the same sincerity.

1. Unique & varied social media content

Using Facebook or twitter to post links to your own articles will help drive  traffic towards your site, no doubt. However, if this is your only social media  activity then you have to question how original and engaging the page is.  Readers may initially ‘like’ or ‘follow’ you, but if your page is essentially a  glorified RSS feed then you may drive these same people away at a later date.  Also remember that engagement leads to more followers/likes.

A good example of a successful commercial Facebook page is Oreo; unique video, images, and campaigns  solely for their Facebook page present the user with a fresh experience. The  user’s engagement and sharing of the content, will in turn increase the traffic  to both your Facebook page and your blog. If you are representing a brand, don’t  be afraid to show intelligence – ‘dumbing down’ to your audience can be  portrayed as a ‘dumbing down’ of your brand. This is where Oreo excels; it  doesn’t offer generic competitions, instead choosing to post relevant and  humorous content.

If you run a personal blog you may not have the resources for a campaign on  this scale, but at least adopt the principles and ensure you have some unique  content.

Read more at http://www.jeffbullas.com/2014/04/02/the-social-media-marketing-secrets-of-smart-savvy-bloggers/#YJuH5J5gkgCsdYrK.99

This Is What A Totally Green, Sustainable NYC Could Look Like | Pound Ridge Homes

 

New York City is many things, but sustainable it is not.

The people of New York City require some 4 million acres of food-producing land — roughly the size of the entire state of Connecticut — just to produce all the food they eat annually, according to Terreform Research Group, a sustainable architecture firm. That’s a problem, especially since the energy used to transport foods from around the globe to American dinner plate is a significant contributor to climate change.

Even food grown within North America travels more than 1,200 miles on average from where it was grown. Those so-called “food-miles” are why researchers at Terreform set out to determine what the biggest city in the U.S. would look like if it could produce all the food and energy needed to power itself.

And in a city with so little available space, it’s no surprise that figuring out how to pack all that food production within the city limits proved quite a challenge.

What they developed was the New York (Steady) State project, a self-described “thought-experiment” that envisions a wholly self-sufficient New York.  In this dream scenario, the city meets the needs of its citizens by repurposing structures into food-producing towers.

Their architectural renderings reflect a New York that produces all that food within the five boroughs using a “cradle-to-cradle” system with minimal pollution. (The team assumed that New York’s 8.5 million residents each require 2,500 calories per day.)

For now, the tremendously ambitious plan remains a pipe dream. But the design firm’s president, Michael Sorkin, said it provides the city with an “encyclopedic” roadmap to a more sustainable future.

 

 

http://www.huffingtonpost.com/2014/03/24/sustainable-nyc_n_4886443.html?1395675104&ncid=tweetlnkushpmg00000067