Category Archives: Chappaqua

Mapping the 10 Most Lavish Waterfront Estates for Sale | Chappaqua Real Estate

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When looking for a home with a view, some prefer city lights, some the soaring blue canopy of Big Sky country, and some just want a place that doesn’t overlook the Dumpsters in the alley (you know, the ones that get emptied at 5 a.m. by a clanging, thunderously loud garbage truck whose metallic thumping is accompanied by a chorus of swearing from a group of preternaturally active sanitation workers jacked up on Dunkin’ Donuts coffee). And then there are those who want to live in a mansion close to a body of water, be it a lake, a bay, or the wide-open ocean. These are the waterfront homes that compound the expense of luxury living with the costs of coastal real estate, resulting in eye-popping architecture and sudden-fits-of-coughing-inducing listing prices. Case in point: these 10 expensive coastal homes on the market. From the shores of Lake Tahoe to the seaside cliffs of Big Sur, these luxury homes embrace the inherent drama of waterfront living.

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http://curbed.com/archives/2014/11/07/10-lavishly-dramatic-waterfront-estates-for-sale.php

Somebody Actually Lives on This Remote Pillar of Rock | Chappaqua Real Estate

08a7b805-03af-483a-be29-7a49eacb5825-2060x1322.jpegPhoto by Amos Chapple via The Guardian

The Katskhi Pillar, a towering limestone monolith in the Republic of Georgia with the ruins of two Byzantine churches on top of it, has so many legends swirling around it that it’s hard to tell which ones are fact, and which are (admittedly very appealing) fictions. In this case, however, the truth of the matter reads a lot like fiction: a survey of the cliff a few years back revealed a pair of monasteries dating from the sixth to ninth centuries, where members of an ascetic religious order called the Stylites lived until around 1400. In the ruins of the churches, researchers found three hermit cells, a crypt, and a wine cellar. To this day, the locals of the village of Katskhi venerate the rock formation as the “Pillar of Life,” a symbol of the cross where Jesus was crucified, and some believe the monastery on the surface was once connected by a long iron chain to the dome of another nearby church.

It was uninhabited for centuries. Then a monk moved there in 1993. >>

The first mention of the ancient monastery was in the 18th century, when a Georgian scholar and prince described it thusly: “There is a rock within the ravine standing like a pillar, considerably high. There is a small church on the top of the rock, but nobody is able to ascend it; nor know they how to do that.”

For centuries, it was uninhabited. In the 1990s, a local monk named Maxim Qavtaradze moved in and began to restore the vertiginous churches himself. He enters and leaves via a 131-foot iron ladder; it takes him about 20 minutes to climb. Qavtaradze had been motivated to change his life after a stint in prison, and actually slept in an old fridge for his first two years, until some supporters built him a cottage.

 

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http://curbed.com/archives/2014/11/05/katskhi-pillar-republic-of-georgia-natural-wonders.php

US House Prices Contribute to Global House Price Recovery | Chappaqua Real Estate

A previous blog post illustrated that US house prices are recording a range of annual gains with some areas of the country rising faster than others.

Similarly, in the context of the global economy, annual house price growth in the US has been faster than some countries while lagging other countries. The International Monetary Fund’s Global Housing Watch calculates a real seasonally adjusted house price index for 52 countries including the United States. House prices in these countries are used to calculate two separate global house price indexes. One global house price index assigns an equal weight to each country and the second global house price index is adjusted to account for the size of each country’s economic output (GDP).

Figure 1 below shows that the rate of growth recorded in the US places it in the 2nd quintile amongst countries for which house price data are available. According to the International Monetary Fund, real and seasonally adjusted annual house price growth in the US was estimated to be 3.6% between the second quarter of 2013 and the second quarter of 2014, thereby contributing to the 1.3% increase in real seasonally adjusted global house prices. The IMF comparison utilizes the Federal Housing Finance Agency (FHFA) house price index.

 

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http://eyeonhousing.org/2014/11/us-house-prices-contribute-to-global-recovery/

Mortgage Rates at 3.98% | Chappaqua Real Estate

Fred Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates moving higher across the board this week and rebounding from the lowest rates of the year.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 3.98 percent with an average 0.5 point for the week ending October 30, 2014, up from last week when it averaged 3.92 percent. A year ago at this time, the 30-year FRM averaged 4.10 percent.
  • 15-year FRM this week averaged 3.13 percent with an average 0.5 point, up from last week when it averaged 3.08 percent. A year ago at this time, the 15-year FRM averaged 3.20 percent.
  • 1-year Treasury-indexed ARM averaged 2.43 percent this week with an average 0.4 point, up from last week when it averaged 2.41 percent. At this time last year, the 1-year ARM averaged 2.51 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 grew across the board this week, rebounding from the lowest rates of the year. New home sales grew at an annual rate of 467,000 sales in September, the fastest rate observed during the recovery. Meanwhile, the National S&P Case-Shiller House Price Index grew at a seasonally adjusted annual rate of 0.4 percent in August.

Nuclear Plant Sirens Will Be Tested Thursday | Chappaqua Real Estate

There will be a test of the Indian Point sirens in Westchester, Putnam, Rockland and Orange Counties on Thursday at approximately 10:30 a.m, according to an announcement on westchestergov.com.

This sounding is only a test and no action by the public is necessary, the announcement said.

The sirens would sound continuously at full volume for four minutes, followed by the broadcast of an Emergency Alert System (EAS) message on radio and television stations during an actual emergency. Sirens are not a signal to evacuate, but rather for people to tune to an EAS radio or TV station for information and instructions.

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http://mtkisco.dailyvoice.com/news/indian-point-sirens-will-be-tested-thursday

Pending Sales Trend Up | Chappaqua Real Estate

Pending home sales increased 0.3% in September, suggesting continued steady improvement in existing sales. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased to 105.0 in September from 104.7 in August. The September reading was up 1.0% from the same month a year ago, and pending sales were up year-over-year for the first time in 11 months.

Pending Home Sales September 2014

The September PHSI increased modestly in the South and Northeast, but decreased slightly in the West and Midwest. Year-over-year, the West, Northeast and South increased 3.6%, 2.9% and 1.7% respectively, while the Midwest declined 4.0%.

Last week NAR reported a 2.4% increase in September existing home sales, and firming job and economic growth suggests that the existing home market will demonstrate steady growth throughout the fall. The housing recovery has moved towards higher ground reflected by a six-year high in September new homes sales.

 

 

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http://eyeonhousing.org/2014/10/pending-sales-trend-up/

American Horror Story: Floral Wallpaper | Chappaqua Real Estate

 

Floral House, not sane, stood by itself against its flowers, holding unimaginable horrors within…

What dark secrets lurk behind this house’s pleasant, unassuming exterior? Somehow, someone, possibly an escapee from a mental institution, committedunspeakable acts of wallpaper horror within. Not only the walls, but indeed the very ceilings are papered, closing in on you, yes, getting closer all the time… Not content, the interior desecrator added furniture upholstered in a contrasting floral. Then he or she slapped up a few Inuit plaques on the wall because why not and add a coffee table that looks like it’s going to get up and run away soon, and then it was time to wallpaper the next room.

Specifics: $895K for a 1900sf house with three wallpapered bedrooms and two rather nice baths. Plot is half an acre. House will probably be really nice after copious amounts of wallpaper stripper, holy water, and smudging sage.

 

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http://hamptons.curbed.com/archives/2014/10/21/american_horror_story_floral_wallpaper.php

 

Reports: 2 mortgage giants plan to ease lending | Chappaqua Real Estate

Fannie Mae, Freddie Mac and private mortgage lenders are nearing an agreement that may lower restrictions on borrowers with poor credit, in an effort to boost lending amid a tepid housing recovery, according to published reports.

The two mortgage giants are considering programs that would make it easier for lenders to offer mortgages with down payments of as little as 3% for some borrowers, according to reports by Bloomberg and The Wall Street Journal over the weekend, citing unnamed people familiar with the matter.

It would mark a key loosening of lending standards for the mortgage giants and banks in the aftermath of the financial crisis of 2008, when credit requirements were made far more restrictive.

The changes, which could be announced this week, would help banks protect themselves from future claims of making bad loans, the published reports said.

 

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http://www.usatoday.com/story/money/business/2014/10/19/frannie-mae-and-freddie-mac-plan-to-ease-lending/17551043/

 

Layers of Patina and an Artist’s Touch in a New York Colonial | Chappaqua Real Estate

The New York home of artist Jennifer Lanne and her husband Dick Lanne is equal parts family retreat and backdrop to display their work. The house and Jen’s two studios are filled with her work, which she rotates in and out on a regular basis, while Dick’s hobby as a blacksmith has yielded practical and decorative additions to the space. These are layered in with finds from flea markets, antique shows and, occasionally, the side of the road, plus pillows and collections. The result is a home that would make a minimalist cringe but is a perfect setting for the things both of them love.

Real Life Wolf of Wall Street Character Lists Home for $44M | Chappaqua Real Estate

The real life version of one of the human personifications of the word “douchebag” from the movie The Wolf of Wall Street has put his two-story Tribeca maisonette on the market and it is just the worst thing you can possibly imagine.

Alan Wilzig, who is described by The Real Deal as an “entrepreneur and semi-professional race car driver,” was the character in the Martin Scorsese film who showed up to a party and introduced Leonardo DiCaprio’s character to his future wife. Wilzig later took to Facebook (again, in the words of the The Real Deal) to “[criticize] Scorsese for leaving out the fact that Wilzig had arrived at the party in his red Ferrari Testarossa.” Taking that into account, the listing makes perfect sense — it seems about 20 percent invested in displaying the apartment to prospective buyers and 80 percent invested in showing off his huge collection of motorcycles and multi-colored lightbulbs. The whole place looks like it was designed by a spoiled six-year-old.

Wilzig is asking $43.5 million. Good. Luck.

 

 

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http://ny.curbed.com/archives/2014/10/08/real_life_wolf_of_wall_street_character_lists_home_for_44m.php