Since late last year, industry experts forecast a drop in mortgage refinancings as rates rise and a revival of purchase mortgages as the housing recovery creates business for lenders willing to working with home buyers. The spring housing market is here and now the mortgage market is following.
Purchase mortgages zoomed to their highest monthly market share since last August in Ellie Mae’s latest originations report, a sign that the mortgage business is shifting gears and the greatest boom in refis in recent years is ending. Loans to home buyers made up 38 percent of all loans processed by the nation’s largest mortgage processing platform, up from 32 percent in February and 27 percent in January.
The Mortgage Bankers’ Association reported that the refinance share of mortgage activity was unchanged at 75 percent of total applications from the previous week. The MBA’s weekly Purchase Index increased 4 percent from one week earlier is at its highest level since May of 2010 and the adjusted Conventional Purchase Index increased 3 percent to the highest level since October 2009. However, the MBA’s Refinance Index also increased 5 percent from the previous week and is at its highest level since mid-January of 2013.
The mortgage industry’s focus on refinancing loans rather than purchase loans has been a cause of the breakdowns is the lack of resources devoted to home buyers, according to some critics, especially Federal Reserve Governor Elizabeth Duke. Last month the staff of the Federal Reserve found that the increase in the refinance workload during the past 18 months appears to be associated with a 50 percent decrease in originations among home buyers with credit scores between 620 and 680 and a 15 percent decrease among buyers with credit scores between 680 and 720. New mortgages to purchase homes hit their lowest level since the early 1990s. Closing rates for all purchase loans fell to about 55 percent as recently as 18 months ago, and still today only about six in ten applicants are ultimately approved.
Tag Archives: Armonk NY Real Estate
Armonk Zero Waste Day April 20th | Armonk Real Estate
ZERO WASTE DAY
Saturday, April 20, 20139:00 am – 3:00 pm
Rain or Shine
North Castle Town Hall
15 Bedford Road
Armonk, NY 10504Welcome to Zero Waste Day! In order to ensure a safe and efficient event for our residents and volunteers, we ask that you please follow these simple rules to responsibly dispose of your unwanted items:
Drive slowly, and wait your turn. Traffic flows one way only.
Stay in your car and let our volunteers unload your items.
Follow all traffic signs and obey our volunteers’ directions.
To avoid bringing items that are not being collected, please carefully check the list below beforehand. Refer to Recyclopedia for alternative disposal options for items not being collected during Zero Waste Day.
Our Zero Waste Day participating organizations will be present behind Town Hall in the order listed below. Please consider this when loading your vehicle, so as to enable quick and efficient unloading.
Our Zero Waste Day collections change with each event. Please note the following:
Furniture Sharehouse is returning. See below for more information.
Stuffed animals and children’s books will NOT be collected.
Bulk items will NOT BE COLLECTED. Arrange curbside pickup with Suburban Carting if you have bulk items.
Used Motor, Antifreeze and Cooking Oil Collection – collected by Enviro Waste Oil Recovery and American Alternative Energy
Used motor oil, used antifreeze, used oil filters and oily debris (rags)
Used vegetable oil (from a deep fat fryer)
For more information about Enviro Waste Oil Recovery, go to www.envirowasteoil.com
Scrap Metal Collection – collected by Suburban Carting
Metal file cabinets, metal bed frames, aluminum siding, outdoor grills, metal fence pieces, hot water tanks and heaters, treadmills, basketball hoops, antennas, metal appliances (washers, dryers, stoves, dishwashers, refrigerators*, freezers*, air conditioners*, toasters, coffee pots, mixers, microwaves, waffle irons, table top grills) and any other unwanted scrap metal items or pieces.
*Freon does not need to be removed prior to drop-off.
E-waste Collection – collected by Suburban Carting for RCR&R
Computers **(including laptops), TVs, CRTs, small scale servers, monitors (non-CRT), keyboards and mice, copiers and scanners, fax machines, printers, VCRs, DVRs, DVD players, electronic and video game consoles, portable digital music players, digital converter boxes, cable or satellite receivers, cell phones and PDAs, universal power supply battery back-ups, typewriters, telephones, telecommunications equipment, circuit boards, cables and wires, ink cartridges, electric motors, AV equipment, radios and speakers, cameras, rechargeable power tool batteries, lead acid and automobile batteries.
** To prevent identity fraud, remember to remove any stored personal information before drop-off. Simply deleting files does not completely erase the information on your computer’s hard drive.
For more information about Regional Computer Recovery and Recycling, go towww.ewaste.com.
Adult and Children’s Bicycles – collected by Recycle-a-Bicycle
Adult and children’s used bicycles in good condition, free of rust and major structural damage.
Bike parts and bike tools.
For more information, please go to www.recycleabicycle.org.
Paper Shredding – collected by USA Shred
Up to 6 total boxes of papers and/or hardcover books per household for shredding and disposal. Box size must not exceed 10”x12”x15”. Staples and paper clips need not be removed but metal clasps and binder clips are not permitted.
For more information about USA Shred, go to www.usashred.info
Dog and Cat Supplies – collected by Adopt-a-Dog
Wire dog crates, airline kennels , dog and cat beds and toys.
Linens in any condition (sheets, towels, comforters, blankets).
Balls (basketballs, footballs, soccer balls, tennis balls).
For a complete listing of items acceptable for donation, go to www.adoptadog.org.
Spring and Summer Clothing, Shoes and Linens – collected by Community Center of Northern Westchester
Clean, gently used spring and summer clothing and shoes for men, women and children.
Clean, gently used linens (sheets, towels, blankets, comforters).
For more information, please go to www.communitycenternw.org.
Household Furniture – collected by Furniture Sharehouse
Sofas (no sleeper sofas and no sofas over 80” long), armchairs (no stains, excessive fading or rips), metal bed frames (no king-sized), mattresses and box springs (no stains, no kings and in good condition only), tables and chairs, dressers, occasional tables, lamps, mirrors, clean area rugs (vacuumed, no larger than 10’ x 12”), TVs (no larger than 27”, no older than 5 years), artwork Small electric appliances in working order (microwaves, toasters, coffee pots) For a complete list of items that are acceptable and not acceptable, please go towww.furnituresharehouse.org.
Please note these items will NOT BE COLLECTED during this Zero Waste Day.
Bulk Items. There will not be a container for bulk items. Arrange cubside pickup with Suburban Carting if you have bulk items.
CFLs (compact fluorescent bulbs) alkaline batteries button cell batteries paint cans tires hazardous household chemicals medications This event is sponsored by the North Castle Recycling Committee and the Town of North Castle. We are in need of volunteers! Interested in helping as a committee member? Want to volunteer for events only? Please email us at www.northcastlerecycling@gmail.com.
3 Common Mistakes to Avoid with Your Social Media Marketing by Jeff Bullas | Armonk Realtor
Social media marketing is often seen as the quick fix for marketing your struggling business.
Obtain some Facebook likes, even buy some fake Twitter followers, tell customers you are the best company in the world in your blog articles and start blasting away. The cavalry will then show up on white horses and save the day.
The truth.
It takes time, effort and persistence.
The real premise of social media is adding value with content that engages your customers which inspires, educates, informs and maybe even entertains. This means forgetting about “you” and thinking about “them”
This means adding value to your audience by solving their problems with content that includes “How To” articles,white papers and ebooks on your blog and website.
Small businesses see the potential of tapping into Social Media. They come with different expectations that are built on the foundations of traditional marketing which include one way conversations, email blasts with only sales messages and not willing to listen to negative comments.
Here are three common mistakes you should avoid with your social media marketing.
How to Find Secret Homes for Sale | Armonk NY Homes
The number of homes listed for sale today is lower than it’s been in a decade. Home buyers are scouring Web sites for property listings and when they find a home they like, they often find themselves in an expensive, stressful bidding war. What they don’t know is that they’re not seeing as many as 15 to 20 percent of the homes for sale in their markets.
This is a critical time for buyers. Mortgage rates may never be so low again in our lifetimes. Though home prices have risen ten percent or so over the past year, they are far from the peak levels of 2007 and relatively affordable. Like mortgage rates, home prices have only one direction to go: up.
However, inventories or home for sale are down 40 percent or more from two years ago. Selections of homes, especially homes in the mid-range or entry-level price brackets. Even foreclosures are experiencing price increases.
You might do all that you can to find out about homes for sale in your price range. You can sign up to be notified by email when new listings come on stream. What you don’t know is that you aren’t looking at all the homes for sale. You are still going to miss one out of seven homes for sale.
That’s because almost all listing sites rely primarily on one source for their information: the nation’s 900 multiple listing services. Multiple listing services are databases of homes for sale. Most are owned and controlled by local Realtor organizations and only members of MLSs can list properties on them. The first MLSs were established 125 years ago and they have become more powerful with the emergence of real estate listings sites that have made it possible for consumers to see their listings. Despite the dominance of the MLS system, tens of thousands of homes are sold each year outside of it.
There are four kinds of homes for sale that don’t make it onto the MLS: pocket listings, for sale by owners, closely held transactions and expired listings.
Home prices Orlando: home prices Orlando up | Armonk NY Homes
Orlando home sales prices in March were up 22 percent from a year earlier ¿ the largest year-over-year increase since 2006.
By Mary Shanklin, Orlando Sentinel7:46 p.m. EDT, April 15, 2013
The Orlando area’s 2-year-old climb up from the depths of the nationwide housing slump has been accelerating lately, with the median home price in the core market rising 22 percent in the past year alone, a new report shows.
The midpoint price for a house in the core market, mainly Orange and Seminole counties, was $140,000 in March — up 5.2 percent from a month earlier and 21.7 percent from a year earlier, according to the report released Monday by the Orlando Regional Realtor Association.
That’s the largest year-over-year increase in the Realtor group’s monthly median price since February 2006, close to the height of the home-buying frenzy.
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Winter Park real estate agent David Welch said the market is so heated right now that one of his prospective buyers offered cash on three houses — for more than the asking price each time — yet in each case was beaten by other buyers.
“Every sale I have had for the last nine months was in a multiple-offer situation,” Welch said. “You almost have to look at it by asking: How much over the asking price do I have to offer?”
The Orlando area’s median price hit bottom in January 2011 at $94,900. But it has risen almost 50 percent since then, including an increase of almost 30 percent just in the 15 months since January 2012.
Among the market pressures driving up prices: a dwindling inventory of listings and an influx of hedge funds purchasing distress properties.
One of the most dramatic turns in the local market has been that continuing decline in inventory: Last month the core market had a 2.6 month supply of homes based on the current pace of sales — its smallest supply since 2005, which was the Orlando Realtors’ single-busiest year on record for existing-home sales.
Orlando real estate broker Kari Gann, who by her own reckoning has purchased, fixed up and sold more than 100 properties in the past 20 years, said Monday that hedge funds have now made it impossible to find suitable houses because they are buying up so many of them.
And just as Orlando prices spiraled downward from 2007 through 2010 because of a flood of foreclosures and short-sale properties selling for below-market prices, housing prices now are experiencing hyperinflation because foreclosure sales are dwindling and more “regular houses” are selling for the going, market rates.
“Normal sales traditionally carry a higher price tag than foreclosures and short sales,” said Steve Merchant, chairman of the Orlando Realtors group and a broker at Global Realty International. “For example, in March the median price for normal sales is $173,590, while the median for foreclosures is $96,000 and for short sales is $110,000.”
Of the 2,605 sale completed by the local association’s members in March, half were houses that were not in distress. The number of normal sales has increased 50 percent from a year ago, while the number of short sales and foreclosures have dwindled.
The average interest rate paid by Orlando-area homebuyers in March was 3.65 percent, the first month-to-month increase since April 2012. Houses that sold in March were listed on the market for an average of 80 days, which is about two weeks less than the listing window for houses that sold a year ago.
In addition, March sales prices were only 4.1 percent below the asking prices, on average, which is slightly less negotiating room than buyers had a year ago.
mshanklin@tribune.com or 407-420-5538
Home Prices Highest Point in History for D.C. | Armonk NY Real Estate
Armonk NY Sales Up 85% in 2013 | Median Price Up 13% | RobReportBlog
Armonk NY Sales Up 85% in 2013 | Median Price Up 13% | RobReportBlog
2013 Sales Over Last 6 months 4/14/13
37 sales
$925,000 median sales price
$470,000 low sales price
$3,900,000 high sales price
4193 average size
$300 average price per foot
226 average days on market
$1,286,288 average sales price2012 Sales Over Last 6 Months 4/14/12
20 sales
$816,500 median sales price
$490,000 low sales price
$8,600,000 high sales price
4113 average size
$314 average price per foot
270 average days on market
$1,429,790 average sales priceAverage days on market has dropped 16% and the average sales price has dropped 10%.
RobReportBlog
source: MLS
Spring Cleaning: 6 Ways to Declutter Your Closet | Armonk Real Estate
By Rowena Ritchie, EcoSalon
Get to grips with your disorganized, cluttered and overflowing closet this season. Chances are you already have some of spring’s essential looks tucked away… if only you could find them.
If your closet is anything like mine, it’s a minefield. Every time I open the door something explodes out at me. As a fashion journalist who writes about ways we can enjoy style without excessive consumption, the plain truth is that my closet is bursting at the seams and yet I’m wearing the same old pair of jeans, boots and sweater I’ve been wearing all winter.
Just as the warmer temperatures and longer days gently awaken our spring spirits, the awareness for a seasonal closet clean-out becomes explicitly clear. Now’s the time to devote a few hours to tackling your closet and in the process, set yourself up for a year of wearing wisely.
Because chances are, like me, you already have some of spring’s essential pieces tucked away in your wardrobe. And as an ethical style seeker you know that the most sustainable fashion is the clothing you actually wear more than anything new you are tempted to buy. So save your money and prolong the life of our landfills with my 6-step guide for creating an uncluttered and organized closet you can shop guilt-free and without ever having to leaving the comfort of your home.
1. Take Inventory. This is a great opportunity to get intimate with all the clothes you do have and gain awareness of the items you tend to habitually overbuy. I was shocked to count 15 black t-shirts in my wardrobe, I can safely strike the need for a new one from my list for quite a while. The goal is to whittle down your closet to only the things that you absolutely love. Try everything on and be brutally honest with yourself about whether it still fits or suits your body shape. The rule is if it doesn’t look 100 percent great on you, let it go.
2. Restyle. Acquaint your self with this season’s color trends and silhouettes and then spend some time putting some new outfits together from your newly culled wardrobe. Perhaps all you need is a pair of chunky fishnets and some booties to reinvigorate all those adorable tea dresses you collected in the ’90s? Would one new blazer in this season’s juicy tangerine shade instantly update your office separates? Devising a list of exactly what you need for the upcoming season will make shopping for those key pieces so much easier, and spare you from the kind of unfocused shopping that is now cluttering up your closet.
3. Redesign. Take a fresh look at what you have that fits, but if it’s just ho-hum as far as this season’s trends are concerned, get in touch with your inner Project Runway contestant and consider what pieces can be reworked to inject some new life into them. Re-imagine that basic grey marl sweatshirt by slashing a sexier neckline. Could you cut off the arms of an old denim jacket to make this season’s must-have denim vest? For the scissor adverse, tell your local dry cleaner that does alternations your ideas and see if it’s something they can do.
4. Mend or Attend to. Are there any rips, holes or fraying hemlines that need attention? Buttons missing? These are things that can easily be done at home with the aid of a basic alterations guide, if necessary. Broken zippers and setting in tailored sleeves should be left to an expert. Stains can be lifted with DIY natural solutions. Even those perspiration stains on silk that the dry cleaner couldn’t get out are worth a shot at. Mix vinegar and water in equal parts and pour it on a piece of soft cloth, dab it on the stain and then rinse with warm water, I’ve found this method can be successful even on stains that have been set in for years. If the item is truly beyond repair, consider cutting it into scraps to make quilts, pillowcases, rags or shopping bags.
5. Consign/Sell or Donate. The high-quality, designer or vintage pieces that are in great condition but just don’t fit or never really suited you, should be resold or consigned. There are a number of apps that allow you to do this now online. For everything else, take it down to your local Goodwill, Salvation Army or thrift store. The IRS allows you to deduct a fair market value for your used clothes if you itemize your deductions on your tax return.
6. Take Care Of What You Have. Savvy style lovers know the best way to save money and look great is to keep the clothes they own and love in tip-top shape. Plastic dry cleaner bags don’t allow your clothes to breathe, which leads to color fading and mildew. Replace with home-sewn muslin bags or ethically made options like Jendarlng bags. My favorite non-toxic moth repellant is Moth Away, these herbal moth repellent sachets are formulated with 100 percent natural ingredients and are highly-effective.
If you need more information or want to get help , check out list of services from House Cleaning Houston, TX – Top Houston Maid Service – Ready Set Maids.
Related Articles:
HOW TO CREATE A SUSTAINABLE CLOSET
EASY TIPS TO MAKE YOUR CLOTHES LAST LONGER
AUTHOR INTERVIEW: ELIZABETH CLINE OF OVERDRESSED: THE SHOCKINGLY HIGH COST OF CHEAP FASHION
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About ecosalon
EcoSalon is the web’s leading conscious culture and fashion publication for women. Featuring style, design, life and culture, the arts, food, sex and relationships, EcoSalon is the first and finest general interest website for the modern green woman.
3 Social Media Metrics Your Business Should Track | Armonk NY Realtor
Elliman Reports – Westchester Highlights | Armonk Homes
WESTCHESTER
Overview– Listing inventory fell to lowest first quarter total in four years.– Current supply is just below the 10-year average.– While sales are up, contract volume surged above year ago levels.– Overall price indicators were mixed indicating stability.Key Trend Metrics (compared to same year ago period)– Median sales price rose 2.6% to $390,000.
– Average sales price slipped 2.5% to $521,595.
– Number of sales increased 5.6% to 1,348.
– Listing inventory fell 17.5% to 5,587 units.
– Days on market was 220 days, up 3.8%
– Listing discount was 10%, down from 12.5%.– Monthly absorption rate was 12.4 months, down from 15.9 months.
By Property Type1 Family Market
– Median sales price was $515,000, up 1%.
– Number of sales increased 2.8% to 776.2-4 Family Market
– Median sales price was $350,000, up 6.9%.
– Number of sales rose 5.6% to 76.Co-op Market– Median sales price was $140,000, down 3.1%.
– Number of sales increased 8% to 283.Condo Market
– Median sales price was $310,000, down 0.8%.
– Number of sales increased 13.3% to 213.Luxury Market (upper 10% of all 1 family sales)
– Median sales price was $1,793,750, down 16.1%.
– The luxury threshold was $1,260,000.







