Tag Archives: Armonk Homes for Sale

Armonk Homes for Sale

Spring Has Sprung, But Snow Is Likely To Return To Westchester | Armonk Real Estate

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Winter is officially over, but the first full week of spring in Westchester is likely to bring accumulating snow.

The latest forecast from accuweather.com calls for the potential for between 2 to 4 inches of snow Tuesday, with higher amounts toward the coast. The snow could start late Tuesday morning followed by periods of afternoon snow. You can view the accuweather.com forecast here.
Monday will be a mostly sunny day with a high between 30 and 32 degrees, according to the National Weather Service. The overnight low will be around 20-22 degrees.

Tuesday’s high temperature will be between 35 and 37 degrees. There is a chance of morning flurries on Wednesday.

 

http://armonk.dailyvoice.com/news/spring-has-sprung-snow-likely-return-westchester

Vince Vaughn bought Lane Kiffin’s old home in California for $6.5 million | Armonk Homes

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WIth Lane Kiffin now in Tuscaloosa as Alabama’s offensive coordinator, he needed to sell his Los Angeles-area house he lived in while he was coach of USC.

He found a buyer who is more famous than he is.

Actor Vince Vaughn has purchased the house for $6.5 million according to the Los Angeles Times. Per the Times, the house “features vaulted ceilings, a stone fireplace, six bedrooms and seven bathrooms. The three-car garage opens to a gated driveway” and “the half-acre lot has a swimming pool and spa, a guesthouse and an outdoor kitchen.”

 

Kiffin listed the house in December for an asking price of just under $7 million.

You likely know Vaughn from “Old School” and “Wedding Crashers” and in case you’re still somehow drawing a blank on who he is, here’s his Yahoo Movies bio.

Kiffin was fired as the coach of the Trojans in September. After visiting with Nick Saban and his Alabama staff in December, Saban hired Kiffin to succeed offensive coordinator Doug Nussmeier in January.

When he was visiting with Alabama to help “evaluate” the Tide’s offense, Saban called him “a really good offensive coach.”

He was dismissed from his duties at USC after the Trojans lost to Arizona State 62-41. A former offensive coordinator for USC who had head coaching stints with the Oakland Raiders and the University of Tennessee, Kiffin was 28-15 in over three seasons as USC’s head coach.

 

 

http://sports.yahoo.com/blogs/ncaaf-dr-saturday/vince-vaughn-bought-lane-kiffin-s-los-angeles-house-173105793.html

The Coming Real Estate Bubble | Armonk Real Estate

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Three and a half years ago, my newly married household acquired an actual house, a 1,750-square-foot slice of paradise in Washington’s Eckington neighborhood. In real estate euphemism, the house is what’s known as “lightly renovated,” the neighborhood “transitional.” “Lightly renovated” meant that some stuff had been done, most of it badly, but the HVAC dated from the Paleozoic, and the yard . . . um, better not to speak of the yard, unless you’re a Hollywood location scout looking for somewhere for your heroin-addict protagonist to bottom out.

“Transitional” meant . . . oh, you can figure it out. We had gone north of H Street and east of North Capitol to the unfashionable precincts of the city’s Northeast quadrant. The most common response, when we told people where we lived, was “Where the hell is Eckington?” The second-most-common response was, “Wow [rapid eye-blinking]. I could never live there. It’s too far from everything.”1

Now some of the same people who politely suggested we were crazy for buying so far east are lamenting that they can’t afford to buy in our neighborhood. Lest you think this is schadenfreude, let me point out that some of these people are friends I very much want to live near me; I would even give up a little of my real estate price appreciation to make that happen.2

The point is, something insane has happened to Washington real estate prices in those intervening years. There’s a feeding frenzy over single-family homes in neighborhoods that are barely within walking distance of a metro. This cri-de-coeur was recently posted on a local real estate blog:

My husband and I are in the process of purchasing our first home.
Our realtor has put a focus on the Edgewood and Brookland neighborhoods since it previously looked like you can still get a house for a reasonable price.
However we have been baffled by these two recent purchases.
Are we really looking at spending nearly $600,000 for an up and coming neighborhood? Have we missed some big announcement for something coming to the area? Are we ever going to find something in our price range of under $500,000 if we want to stay in the District?
We are becoming discouraged.

http://www.bloombergview.com/articles/2014-03-17/the-coming-real-estate-bubble?cmpid=yhoo

NAHB housing index for March at second lowest in 10 months | Armonk NY Homes

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The National Association of Home Builders monthly housing market index took a dramatic dive in February, and gained back one point in March, far below analyst expectations.

The HMI ticked up to 47, the second-lowest it has been since May 2013. NAHB says the primary culprit is the weather.

“Significant weather conditions across most of the country led to a decline in buyer traffic last month,” said NAHB Chairman Kevin Kelly. “Builders also have additional concerns about meeting ongoing and future demand due to a shortage of lots and labor.”

The full report can be viewed here.

The NAHB 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.

Details for March once again show serious weakness in traffic, at 33 vs February’s 31. Weakness in traffic points to a lack of first-time buyers and underscores the continued importance of all cash buyers in the housing market.

 

http://www.housingwire.com/articles/29324-nahb-housing-index-for-march-at-second-lowest-in-10-months

Morgage Rates Average 4.37% | Armonk Real Estate

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Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates edging up following a week with little new economic and housing news.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.37 percent with an average 0.6 point for the week ending March 13, 2014, up from last week when it averaged 4.28 percent. A year ago at this time, the 30-year FRM averaged 3.63 percent.
  • 15-year FRM this week averaged 3.38 percent with an average 0.6 point, up from last week when it averaged 3.32 percent. A year ago at this time, the 15-year FRM averaged 2.79 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.09 percent this week with an average 0.4 point, up from last week when it averaged 3.03 percent. A year ago, the 5-year ARM averaged 2.61 percent.
  • 1-year Treasury-indexed ARM averaged 2.48 percent this week with an average 0.4 point, down from last week when it averaged 2.52 percent. At this time last year, the 1-year ARM averaged 2.64 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 edged up amid a week of light economic reports. Of the few releases, the economy added 175,000 jobs in February, which was above the market consensus forecast and followed an upward revision of 25,000 jobs for the prior two months. Meanwhile, the unemployment rate nudged up to 6.7 percent, the first rate increase in over a year.”

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation’s residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. For more information please visit www.FreddieMac.com and Twitter: @FreddieMac.

 

 

12 Key Decorating Tips to Make Any Room Better | Armonk Real Estate

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I hate to break it to you, but designers don’t follow a secret rule book. There are no hard and fast laws governing what we do. We are creative types by nature and love to imagine, dream and explore, following our intuition. That said, there are some rough principles that guide us to ensure a great result every time. They are just tried and true things that work. And these aren’t tricks or skills that take years to master. Anyone can do them from day one. Consider this a foundation for developing your own quirky, creative, rule-breaking intuition.

1. Pick the paint color last. I get calls all the time from homeowners who want to pick a paint color before they move in. I get the logic. Why not arrive to walls with a fresh coat of paint? Of course you can do it this way, but in my opinion it’s not ideal.
There are thousands of paint colors with various tints, tones and shades. And each one looks different from home to home, because light sources vary, meaning what looks good in your current home might not in your new one. You want the color that best complements your upholstery, artwork, rug and whatever else. You can pick that color only if your stuff is actually inside your home.

US mortgage applications rose last week: MBA | Armonk Real Estate

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Applications for U.S. home mortgages rose last week as interest rates slipped, an industry group said on Wednesday.

The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 9.4 percent in the week ended Feb. 28.

The MBA’s seasonally adjusted index of refinancing applications rose 9.6 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, rose 9.4 percent.

Fixed 30-year mortgage rates averaged 4.47 percent in the week, down 6 basis points from 4.53 percent the week before.

The survey covers over 75 percent of U.S. retail residential mortgage applications, according to MBA.

 

http://www.cnbc.com/id/101467313

3-D models vs. Craigslist ads | Armonk NY Homes

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1. To help prospects “envision life” at a beachfront lot he’s representing, Larry Revier, an agent at Florida brokerage Re/Max Preferred, commissioned an architect to produce a 3-D model of a home that could be built on it, and wove the model into a video tour.

2. While Trulia, Zillow and other sites may have stolen a bit of its thunder, old-timer Craiglist can still prove to be a fruitful marketing tool, said Amy Gerrish, managing Realtor at The Phoenix Metro Group.

Gerrish recently sold a home to a buyer who learned about it through a Craigslist ad she posted. “They called my buyers’ agent directly to schedule a showing,” she said.

– See more at: http://www.inman.com/2014/03/03/3-d-models-vs-craigslist-ads/?utm_source=20140303&utm_medium=email&utm_campaign=dailyheadlinesam#sthash.PEpDXBPf.dpuf