Tag Archives: Armonk Real Estate for Sale

Armonk Real Estate for Sale

Mortgage Rates drop again | Armonk Real Estate

Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates falling for the third consecutive week as bond yields continued to drop despite a strong employment report. Averaging 3.66 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. This also marks the first time the 15-year fixed rate mortgage has fallen below 3 percent since the week ending May 30, 2013.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 3.66 percent with an average 0.6 point for the week ending January 15, 2014, down from last week when it averaged 3.73 percent. A year ago at this time, the 30-year FRM averaged 4.41 percent.
  • 15-year FRM this week averaged 2.98 percent with an average 0.5 point, down from last week when it averaged 3.05 percent. A year ago at this time, the 15-year FRM averaged 3.45 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.90 percent this week with an average 0.4 point, down from last week when it averaged 2.98 percent. A year ago, the 5-year ARM averaged 3.10 percent.
  • 1-year Treasury-indexed ARM averaged 2.37 percent this week with an average 0.4 point, down from last week when it averaged 2.39 percent. At this time last year, the 1-year ARM averaged 2.56 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 fell for the third consecutive week as oil prices plummeted and long term treasury yields continued to drop despite a strong employment report. The economy exceeded expectations by adding 252,000 jobs in December which followed an upward revision of 50,000 jobs to the prior two months. The unemployment rate fell to 5.6 percent which was the lowest since June 2008.”

Dick Clark’s unbelievable Flintstones-style house finally sells at half off | Armonk Real Estate

Clark's wife would join him for a kiss at midnight for his famous New Year's Rockin' Eve bashes in New York. Here, they're ringing in 2009.

Clark’s wife would join him for a kiss at midnight for his famous New Year’s Rockin’ Eve bashes in New York. Here, …

CLICK ANY PHOTO FOR A SLIDESHOW.

After almost three years, the “romantic getaway” that TV legend Dick Clark and his wife built on a hilltop in Malibu, California — the house that so many people have likened to the architecture of “The Flintstones” — has finally sold.

It went for an appropriately eccentric $1,777,777,reported our friends at Trulia.

Clark and his wife, Kari, were married at 7 p.m. on July 7, 1977 (7/7/77), in a ceremony that supposedly lasted 17 minutes and had seven guests. And he is said to have had a post office box numbered 7777.

The house sold for just a hair over half the initial asking price of $3.5 million.

Yahoo Homes spoke to the listing agent, Diane Carter of Coldwell Banker, earlier this year, when the price was cut to $3 million. She said the Clarks built it in 1988 as a “romantic getaway.” The couple listed it in March 2012, not long before the TV host died at age 82.

 

read more…

 

https://homes.yahoo.com/blogs/spaces/unbelievable–flintstones–style-house-built-by-dick-clark-finally-sells-192310144.html

Home price expectation over the next 12 months | Armonk Real Estate

Yes, home prices are expected to grow. And a recent October 2014 survey by the National Association of Realtors shows by how much.

Thanks to the combination of rising inventory and modest expectations for demand growth, Realtors expect home prices to increase only modestly in the next 12 months.

The rate varies across the nation but the median price increase is about 3% and never goes above 5%.

Click to enlarge

NAR

 

 

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This chart shows home price expectation over the next 12 months

Scotland Without the Pound Seen as a Threat to Housing | Armonk NY Real Estate

 

A vote in favor of Scottish independence tomorrow threatens to weigh down a booming housing market should thousands of homeowners become debtors of foreign lenders.

Political leaders in the U.K. are sparring over whether an independent Scotland would keep the pound, with the outcome having major consequences for the economy and housing. If Scottish homeowners eventually have to repay pound-denominated loans in a foreign currency, they would face the risk of higher costs and possible default.

Prime Minister David Cameron warned on Sept. 14 the breakup would be akin to a “painful divorce,” and said the U.K. won’t share its currency with an independent Scotland. Independence leaders dismiss the government’s threat, insisting that Scotland and the rest of the U.K. would form a currency union to benefit both nations.

 

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http://www.bloomberg.com/news/2014-09-17/scotland-without-the-pound-seen-as-a-threat-to-housing.html

Chinoiserie Chic in New England | Armonk Real Estate

Interior designer Phoebe Lovejoy Russell’s kitchen/dining room was not working for her family at all. One of the first things you see when you walk into her condo, the kitchen had an oddly placed freestanding closet, and a 4-foot-long island divided the space in an awkward way. Striving to keep it open, light and not too kitchen-y, she created a look that’s bright and crisp with fresh chinoiserie style, taking inspiration from two hand-painted silk wallpaper panels.

ZERO WASTE DAY in North Castle | Armonk Real Estate

 

 

& Prescription Take Back Day Saturday, April 26 

9:00 am – 3:00 pm

(rain or shine)

Behind Town Hall

15 Bedford Road, Armonk

 

E-Waste computers, TVs, CRTs, monitors, copiers, scanners, fax machines, VCRs, DVRs, cell phones…

 

Used Motor, Antifreeze and Cooking Oil –

used motor oil, oil filters, antifreeze and oily debris, used vegetable oil (from a deep fat fryer)

Paper Shredding – up to 6 total boxes of personal papers and/or hardcover books per household

 

Scrap Metals

metal file cabinets, hot water tanks and heaters, bed frames, treadmills, basketball hoops…

 

Household Furniture – sofas, tables, chairs, rugs, lamps, dressers, bookshelves, artwork…

 

Spring & Summer Clothing and Linens – clothing and shoes for men, women and children, and gently used linens

 

Adult & Children’s Bicycles – in good working condition

 

Dog & Cat Supplies – crates, blankets, towels, canned food, collars, leashes and balls (basketball, soccer, tennis and football)

 

Volunteers will help unload your donations.

NOTE: These items will NOT be accepted:

Bulk items

Compact fluorescent light bulbs 

Alkaline & button cell batteries

Paint cans

Tires

Hazardous household chemicals

Medications 

Home buyers face tight inventories, rising prices this spring | Armonk NY Homes

 

Buyers, don’t get your hopes too high about a less competitive housing market this spring.

Despite rising prices and bidding wars, homeowners remain reluctant to put up for-sale signs, creating a shortage of available properties that is frustrating buyers and real estate agents across Eastern Massachusetts. Many are crossing their fingers that a flood of new listings will materialize to ease the pressure on the market and prices as the crucial spring selling season gets underway.

But don’t count on it.

“The recent stunning lack of inventory of homes for sale is still stunning — and it’s even getting worse,” said Mary Gillach, a real estate agent at Brookline’s Gillach Group, affiliated with William Raveis Real Estate. “It’s not just in Brookline and Newton and other areas we cover. I’m hearing it from others all over.”

 

Tight inventories have been the story of the region’s housing market for more than a year, tamping down sales, driving up prices, and showing few signs of easing. Listings of single-family homes statewide have declined for 24 consecutive months — including a 19 percent plunge in February — while median sale prices have increased for 28 straight months, according to the Massachusetts Association of Realtors and Warren Group, a Boston real estate tracking firm.

Sales, meanwhile, have declined in each of the past three months — not for want of buyers, but of sellers, according to industry analysts.

The tight supplies have been felt most acutely in Boston neighborhoods and close-in communities, where median prices, or midpoint prices, have climbed significantly above the prerecession peak in 2005. Gillach said she recently represented a client who bid $1.4 million in cash — $300,000 over the asking price — for a four-bedroom home in Newton and waived the home inspection.

“And we still lost,” she said. “There were 15 other offers — 15 offers.”

Industry officials say a number of factors could be contributing to the supply shortage. First, construction of new homes has lagged in recent years even as the population has grown. In addition, home values have yet to regain their prerecession peak in many communities, leaving homeowners wary of selling at a loss.

Tom Grimshaw, a realtor at Gibson Sotheby’s International Realty in Boston, cited another factor exacerbating inventory woes: homeowners worried they won’t be able to find a new home at an affordable price if they sell.

One of his clients wants to sell her South End condo and move, he said, “but she’s afraid there’s no place else for her to go in the area. She’s really balking at selling. This is a very intense market right now.”

 

 

 

http://www.bostonglobe.com/business/2014/04/05/homebuyershome-buyers-face-tight-inventories-rising-prices-this-spring/cAkBcaqpDcsDaEH1Ge18TN/story.html

Checking In On The East Side Access Project’s Massive Caverns | Armonk Real Estate

 

exc1.jpg [All photos by Rehema Trimiew for MTA Capital Construction via Gizmodo]

Last we heard of the plagued East Side Access Project, the tunnel extending the LIRR to Grand Central station was not due to be completed until 2023 at a cost of $10.8 billion, a decade later and $6.5 billion more than anticipated. Now, checking in with the project via a series of photos Gizmodo brought to our attention, we’re almost willing to forgive the delay and massive overdraft. The project is indeed moving forward, and doing so on a scale so massive that it’s almost too large for a picture to capture. The photos, on the Grand Central Terminal side of the project, show what will become a new subterranean station for the LIRR. Gizmodo notes that the tunnel’s yellow walls won’t stay that way forever, as the coatings are just geotextiles that will get covered over with some drab concrete. Nevertheless, these photos of the cavernous excavations taking place below our very feet are certainly humbling (and reassuring that progress is indeed being made.)

 

 

http://ny.curbed.com/archives/2014/02/21/checking_in_on_the_east_side_access_projects_massive_caverns.php