Daily Archives: January 22, 2015

South Florida Market Reports: Year End Close Out | Chappaqua Real Estate

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Douglas Elliman just published their 4Q 2014 Real Estate Market Reportscovering Miami, Fort Lauderdale, Boca Raton, and Palm Beach. After a long hiatus from the pages of Curbed MIami, report author Jonathan Miller of Miller Samuel, lover of charts and graphs, is back to break down the Miami market for us.

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The five 4Q 2014 market studies my firm Miller Samuel prepares for Douglas Elliman were published today. To drill down into each of the market areas and see the trends shaped by the 8,205 transactions that were analyzed in the fourth quarter, you can click on the following Elliman Report series links, or read on for some top level observations from each market, after the jump:

Miami Coastal Mainland
Miami Beach/Barrier Island
Boca Raton
Fort Lauderdale
Palm Beach

Here are some top level observations for each market:

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Miami Coastal Mainland – One of the best performing markets measured by sale and price trends:

– Overall housing prices continued to rise
– Sales increased sharply from a year ago but inventory rising as well
– Despite inventory rising faster than sales, the absorption period remained low
– Condo price gains outpaced single family price gains
– Distressed condo sales fell sharply

Farmers Markets | Armonk Real Estate

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Please note: There is NO Mamaroneck Winter Farmers Market this Saturday, January 24th due to
a previously scheduled event at St. Thomas Episcopal Church.

In the meantime, we will prepare a FANTASTIC winter market for next Saturday, January 31st!
Several rotating vendors are planned, and the full vendor roster will include:

American Pride Seafood
Bombay Emerald Chutney Company
Christiane’s Backstube (German-inspired baked goods)
Dr. Pickle
French Press Cafe (Freshly made crepes & more, served on site)
Gaia’s Breath Farm
Gajeski Produce
Meredith’s Country Bakery
Migliorelli Farm
OM Champagne Tea
Orchards of Concklin
Orwashers Bakery
Pie Lady & Son
Pika’s Farm Table (Locally-sourced quiche & prepared foods to go)
Sohha Savory Yogurt
Stone & Thistle Farm
Taiim Falafel Shack
Tierra Farm (Locally-roasted coffee, nuts, and more)
Trotta Foods (Italian prepared foods)

The market will host music by guitarist Ed Packer from 10 am-noon.

We’ll also welcome At Home on the Sound, a non-profit organization that provides members with the assistance they need to continue to live confidently at home in the community they love. They’ll be at the Community Table – stop by anytime during the market to learn about their services.
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The market is open every Saturday through early May
9:00 am-1:00 pm

Indoors at St. Thomas Episcopal Church
168 West Boston Post Road (at Mount Pleasant Avenue)

Stay tuned to all market events, rotating vendor listings, and more
on the Mamaroneck Winter Farmers Market webpage.

Thank you for supporting local farms and food businesses.

Down to Earth Farmers Markets is a mission-driven company that curates and manages approximately twenty farmers markets in Westchester and Rockland Counties, as well as in New York City. We envision a strong regional food system, built by independent farms and food businesses, that provides everyone with an alternative to industrial food. We believe that seasonal, local food is a vital part of our heritage that ensures the health of our communities and environment.

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Mortgage Rates at New Lows in Early 2015 | North Salem Real Estate

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Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates falling again amid declining bond yields and oil prices. Averaging 3.63 percent, the 30-year fixed-rate mortgage is at its lowest level since the week ending May 23, 2013 when it averaged 3.59 percent.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 3.63 percent with an average 0.7 point for the week ending January 22, 2015, down from last week when it averaged 3.66 percent. A year ago at this time, the 30-year FRM averaged 4.39 percent.
  • 15-year FRM this week averaged 2.93 percent with an average 0.6 point, down from last week when it averaged 2.98 percent. A year ago at this time, the 15-year FRM averaged 3.44 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.83 percent this week with an average 0.4 point, down from last week when it averaged 2.90 percent. A year ago, the 5-year ARM averaged 3.15 percent.
  • 1-year Treasury-indexed ARM averaged 2.37 percent this week with an average 0.4 point, unchanged from last week. At this time last year, the 1-year ARM averaged 2.54 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 theRegional 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 continued to fall, albeit at a slower pace, with the 30-year fixed rate mortgage averaging 3.63 percent this week. Housing starts picked up in December coming in at a seasonally adjusted 1.089 million unit pace and beating market expectations. Meanwhile, the drop in energy prices pushed the Producer Price Index down 0.3 percent for December and the Consumer Price Index fell 0.4 percent.”