Tag Archives: Chappaqua Luxury Real Estate

Would you live in a house clinging to a cliff? | #Chappaqua Real Estate

 

Cliff House

A design for a home anchored to a sheer cliff face offers a striking vista. But what would it take to live in such a place, asks Jon Kelly.

For sale: distinctive seaside property with spectacular coastal views. Would suit high-value buyer untroubled by vertigo.

So far it only exists as a concept, but the design for the Cliff House by Modscape, an Australian firm that designs and builds prefabricated homes, is enough to give a lurch to the stomach of anyone uneasy with heights.

Here’s the pitch – it features three bedrooms (two doubles, the other en-suite), a stylish living space, a carport, separate bathroom and (tantalisingly or nausea-inducingly, depending on your tolerance of sheer drops) an open-air spa and barbecue area on the bottom floor. Artfully minimalist interior décor focuses visitors’ attention on “transcendent views of the ocean”.

According to the company’s website, the plans were drawn up after a couple approached the firm asking its designers to explore how to build a holiday home along “extreme parcels” of coast in Victoria.

 

 

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http://www.bbc.com/news/blogs-magazine-monitor-29127057

It May Be Cheaper To Buy Than Rent | #Chappaqua Real Estate

Renting is becoming unaffordable in many metropolitan cities, a new report reveals.

According to Zillow, renting is more expensive than buying in 94 of the country’s 100 biggest metropolitan areas.

The report suggests the rental market didn’t see a precipitous drop in prices stemming from the financial crisis, as illustrated in the housing market, which explains the slow and steady upward trend in rents. Plus, the study says consumers spent an average of 29.5% of their income on rent, compared to 15.3% for home buyers with mortgages.

Home buying affordability stems from the low interest environment, which isn’t expected to last, especially as the Federal Reserve scales back its bond stimulus, known as quantitative easing.

On Thursday, Freddie Mac said the average rate on a 30-year fixed mortgage held steady at 4.10%, compared to 4.51% during the same time last year.

Rising rents could prove to be a vicious cycle for the real estate market.

“As rents keep rising, along with interest rates and home values, saving for a down payment and attaining homeownership becomes that much more difficult for millions of current renters, particularly millennial renters already saddled with uncertain job prospects and enormous student debt,” said Zillow Chief Economist Dr. Stan Humphries. “In order to combat this phenomenon, wages need to grow more quickly than they are, particularly for renters, and growth in home values will need to slow.”

Wages aren’t showing robust growth, and rising inflation is making matters worse. The Bureau of Labor Statistics said that while average hourly wages grew 2% year-over-year in July, the consumer price index also grew 2% during the same period.

 

 

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http://www.mainstreet.com/article/real-estate/it-may-be-cheaper-buy-rent?puc=yahoo&cm_ven=YAHOO

 

2014’s new home market is ‘running in place’ | Chappaqua Real Estate

 

Sales of new single-family homes clung to their same bumpy path again last month, unexpectedly slipping to their weakest annual pace since March, the Census Bureau said Monday.

Neither markedly stronger nor dramatically weaker, sales over the past 10 months haven’t moved much.

“The new home sales figures by now have that lived-in feeling, with few signs of a significant change, in either direction, over the near term,” said Richard Moody, chief economist of Regions Financial.

The new home market is “basically running in place,” he said in emailed comments Monday.

July’s seasonally adjusted annual rate was 412,000, down 2.4% from June’s higher revised rate of 422,000, the Census Bureau said. Previously-reported sales rates for April and May also were revised up.

 

 

 

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http://www.usatoday.com/story/money/business/2014/08/25/july-new-home-sales/14558325/

Millennials better at paying their mortgages | Chappaqua Real Estate

 

The youngest group of mortgage borrowers posted the lowest mortgage delinquency rate, falling to 2.34% at the end of the second quarter, according to a new report from TransUnion.

“Mortgage delinquency rates continue to drop and we are seeing this decline across all age groups,” said Steve Chaouki, head of financial services for TransUnion.

However, it is important to note that this age group also makes up the smallest portion of mortgage accounts, only representing 4.16%.

(source TransUnion: click for larger image)

millennial

Overall, the mortgage delinquency rate declined for the 10th consecutive quarter, decreasing to 3.46% at the end of Q2 2014. This is down nearly 20% in the last year.

“Overall, the improvements in the mortgage delinquency rate can be attributed to a number of factors. These include the clearing of severely delinquent accounts through foreclosure as well as a lower rate of new delinquencies from post-recession vintages, which generally are of significantly higher credit quality and have experienced much better performance than mortgages originated before the recession,” Chaouki said.

 

 

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Millennials better at paying their mortgages

Foreclosures rise in July, but still down from 2013 | Chappaqua Real Estate

 

Foreclosures of all types were filed on 109,434 properties in July, an increase of 2% from June, but the figure is still down 16% from one year ago, according to July’s Foreclosure Market Report from RealtyTrac.

July’s report shows that one out of every 1,203 homes in the U.S. had a foreclosure filing during the month of July.

Foreclosure activity recorded includes all default notices, scheduled auctions and bank repossessions.

“July was the 46th consecutive month where U.S. foreclosure activity was down on a year-over-year basis,” said Daren Blomquist, vice president at RealtyTrac. “After nearly four years of falling foreclosures, we are starting to see evidence that foreclosure numbers are normalizing at the national level. The 16% decrease in July was exactly half the annual decrease we saw a year ago in July 2013, when U.S. foreclosure activity was down 32% on a year-over-year basis.”

Per RealtyTrac’s report, a total of 49,624 U.S. properties started the foreclosure process for the first time in July, which represents a 5% increase from June. But the figure is still down 18% from a year ago, which marks the 24th consecutive month with a year-over-year decrease in U.S. foreclosure starts.

 

 

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Foreclosures rise in July, but still down from 2013

Farmers Markets | Chappaqua Real Estate

 

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Happy July 4th Weekend! ALL Westchester Markets
+ Piermont OPEN Over Holiday Weekend;
Cherries, Raspberries, & Peaches Come Out to Celebrate + MORE

July 3rd-9th, 2014

DowntoEarthMarkets.com
VeronicaLCarrots
What’s New, In Season, and On Sale This Week

Bees Knees Spicy Honey
Honeybrook Farm

Blueberries
Mead Orchards

Broccoli
Alex’s Tomato Farm
Rexcroft Farm
Taliaferro Farm


Cabbage

Mead Orchards
Taliaferro Farm

Cherries
John D. Madura Farm
Wrights Farm

Golden Beets
R & G Produce

Goat Cheese Ravioli
with Spring Peas

Trotta Foods


Indian Chutneys
$2 OFF when you buy 5 jars
Gift boxes available, too.

Bombay Emerald Chutney Co.

New Onions
R & G Produce

Peaches
Alex’s Tomato Farm

Purslane
Taliaferro Farm

Peach Crumble Pies
Meredith’s Bread

Pumpkin Honey
Hudson River Apiaries

Rainbow Chard Ravioli
with Black Pepper Pasta

Trotta Foods


Raspberries
Wrights Farm

Sauerkraut
Old German Style: Made with finely cut cabbage; distinctly delicious sour taste. Great for BBQ!
Pint = $4 (Reg. $5)

Pickle Licious

Strawberries
Fishkill Farm
Migliorelli Farm
Wright Family Farm


Tart Cherries
Mead Orchards

Tomatoes
John D. Madura Farm
Wright Family Farm

Yellow Zucchini
Dagele Brothers Produce
Migliorelli Farm


Click on a Market to see all vendor and event details…

Westchester
County


Rockland
County


Ossining

Saturdays
8:30 am-1:00 pm


Larchmont


Saturdays
8:30 am-1:00 pm

Piermont

Sundays
9:30 am-3:00 pm

L
Croton-on-Hudson

Sundays
9:00 am-2:00 pm


Rye

Sundays
8:30 am-2:00 pm

Spring Valley

OPENING DAY: July 9th
Wednesdays
8:30 am-3:00 pm

Tarrytown/Sleepy Hollow

Saturdays
8:30 am-1:00 pm

New Rochelle

Fridays
8:30 am-2:30 pm

Headed to the city soon?

Visit a Down to Earth
Farmers Market in NYC!

Announcements
New Rochelle – Friday, July 4th

We are OPEN on Friday, July 4th for all your festive BBQ needs. Also, help us welcome “The Rockstars” of The Beth El Day Camp as our Food Ambassadors at the market. They are a group of 7 and 8 year old girls who will be at the market for the next 7 weeks, demonstrating delicious recipes for everyone to enjoy. This week, they are making strawberry preserves with fresh, sweet berries from the market. Come try a sample and pick up a recipe tomorrow between 11 am-1 pm.

Ossining – Saturday, July 5th

Rinku Bhattacharya, the chef and author of the new book, Spices and Seasons – Simple, Sustainable Indian Flavors, will host a cooking demo and book signing at the Ossining market this Saturday. She’ll offer samples of her Red, White, and Blue Spiced Salad for all to try with a free copy of the recipe to take home. We can then make this recipe – and her many others – in our kitchens with the help of her colorful and inviting cookbook.

Rye – Sunday, July 6th

Calling all kids! The Rye Free Reading Room will be hosting an ‘Eating Green with Granny Jean’ Storytelling event at the market on Sunday from 11:30 am to noon. Join storyteller Granny Jean as she reads stories and shares activities to inspire curiosity about healthy foods.

For additional events, visit our Down to Earth Markets Event Calendar.

Stay tuned to all market happenings via our Down to Earth Markets Facebook page
and follow us on Instagram and on Twitter @DowntoEarthMkts.

Proud Nations Eat Local: 8 Reasons to Shop at
Down to Earth Farmers Markets
July Collage
Summertime and the market is delish…

Happy July 4th weekend, all. Looking towards the holiday, we got inspired by a phrase: Proud nations eat local. Katrina, our market manager in Park Slope on Wednesdays, playfully declared these words in the spirit of Independence Day. Yet her words have resonance. Here at Down to Earth Markets, we manage approximately 20 farmers markets during the year with the goal to provide everyone a fun, easy way to be proud. Why shop at the farmers market? We’ve got 8 great reasons here:

8 Reasons to Shop at Down to Earth Farmers Markets

1) Our vendors are independent farmers and food makers. As the national food industry consolidates, our markets bring together small, family-owned companies of producers and food entrepreneurs.

2) Market farmers grow greater variety. When farmers sell to the wholesale produce market, the wholesale market wants a limited spectrum of products. When they sell at the farmers market, their customers ask for greater variety, and to satisfy this demand, they grow a greater range of crops. This is great for local biodiversity, as well as for hungry locavores.

3) The fruits and vegetables at Down to Earth Farmers Markets are grown with NON-GMO seed.

4) Our farmers markets celebrate our shared food heritage. Macoun apples. Onions nurtured by the renowned “Black Dirt” of Orange County, NY. Today’s catch from the Atlantic Ocean. These are all foods native to the New York area. Likewise, we also relish internationally-inspired foods made with local ingredients. If you know the Indian chutneys from Bombay Emerald Chutney Company, the “Israeli soul food” from Taiim Falafel Shack, or the Japanese dressings and marinades from MOMO, you know what we mean. (Just to name a few…!)

5) Farmers markets bring communities together. As Michael Pollan wrote, “the farmer’s market is the country’s liveliest new public square.” In the same article, he quoted the study that as many as 10 times the number of conversations happen at the farmers market than at the conventional grocery store. Hey there, neighbor!

6) Down to Earth Markets are live and in-person events; they happen off-line. On average, Americans spend about 8 hours a day in front of a screen — computer, phone, tv — you name it. Let’s engage our senses in a fresh way with delicious foods to see, touch, and TASTE.

7) Farmers markers are open to all, from longtime fans to those attending for the first time. Our open air venues have no walls, nor pretense. And many of our markets are E.B.T. equipped to facilitate shoppers with SNAP benefits.

8) The food at the farmers market fresh and real. It is grown by farmers from this region with the goal of taste, not transport. We don’t allow artificial ingredients at our markets, so we can all enjoy delicious food in its purest form.

All of the Down to Earth Farmers Markets – both large and small markets – support these eight great reasons. If you’d like to see your local farmers market grow, please keep supporting it. Vendors of a feather flock together, and when they can earn their livelihood at a market, they share the good news with their friends. The fastest way to grow the farmers market is to c’mon out and encourage our neighbors to do the same. With this in mind, we look forward to seeing you this weekend – thank you!

Rotating* Vendors This Week
*Vendors who rotate through
various markets during the season.
They enjoy getting to know many communities, and here’s where to find them this week:

Croton-on-Hudson

#Freedom Craft Brewery

Larchmont

Flourish Baking Company
Hudson River Apiaries
North Winds Lavender Farm
Pie Lady & Son
Tuthilltown Spirits Farm Distillery
Trotta Foods

Piermont

Bombay Emerald Chutney Company
Tuthilltown Spirits Farm Distillery

Rye

Bombay Emerald Chutney Company
Christiane’s Backstube
Taiim Falafel Shack

$16M For a Winged Modern With a Massive ‘Play’ Basement | Chappaqua Real Estate

 

26 images

Location: Las Vegas, Nev.
Price: $15,900,000
The Skinny: If the design of this sleek, modern home in Las Vegas puts you in mind of some of the newer resorts that have sprouted up along the Strip, there’s a good reason for that. The 13,000-square-foot luxury manse was designed by its owners, the resort architects Jon Sparer and John Klai, who between them have had a hand in designing hotels like Mandalay Bay and the Luxor Twin Towers, as well as overseeing the renovation of The Palms and the Hard Rock Las Vegas. The home—dubbed J2 after the architectural duo’s first names—features a rare Las Vegas basement with 6,000 square feet of entertainment options, including a bowling alley, spa, maple tree bar, 2,000-bottle wine refrigerator and screening room, which is connected to the rest of the three-story house by an elevator whose floors are marked “Play”, “Eat”, and “Sleep”. The five-bedroom, nine-bathroom home also boasts green design features such as rammed earth walls, a roof wing with solar panels, and shaded glass walls. It’s asking $15.9M.

 

 

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What $3,600/Month Can Rent You Around New York City | Chappaqua Real Estate

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↑ This 950-square-foot two-bedroom, asking $3,700/month in Carroll Gardens, is very intriguing thanks to a) the wealth of original details, and b) the fact that the listing begins with the words “UNDERGOING RENOVATION” and does not go into further detail. It has, or will have, a dishwasher, and hopefully those period details stick around too.

See how other neighborhoods stack up >>

↑ On the Lower East Side, a one-bedroom duplex is going for $3,595/month with no fee. The upper level is a small room that could be used for an office or something leading to a private roof deck. No pets allowed.

 

 

 

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http://ny.curbed.com/archives/2014/06/13/what_3600month_can_rent_you_around_new_york_city.php

 

 

 

 

 

Aspen’s Most Expensive House Hits the Market for $89.9M | Chappaqua Real Estate

 

 

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Billionaire businessman William Koch just listed his 32,614-square-foot Aspen mansion for $89.9M. Not only is it Aspen’s most expensive listing by a landslide—a hair under double the cost of the moneyed Colorado city’s second most expensive listing ever—it’s also No. 13 on the country’s list of priciest houses on the market right now, behind just five NYC highrise mansions, two L.A. properties, one Hamptons manor, one San Francisco estate, one Texas manse, and one boring private island in Florida. What does one get these days for $90M in Colorado? A 15-bedroom mainhouse, for one, plus nine other buildings on its 55 acres. Compared to NYC it seems like a deal, though it’s worth considering that Koch bought the property in 2007 for just $26.5M.

 

 

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http://curbed.com/archives/2014/06/12/aspens-most-expensive-house-hits-the-market-for-899m.php

30-Year Fixed Mortgage Rates Hold Steady | Chappaqua Real Estate

 

Mortgage rates for 30-year fixed mortgages remained stable this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.04 percent, up only three basis points from this time last week.

The 30-year fixed mortgage rate peaked at 4.12 percent on Thursday before dropping to 4.03 percent on Friday, where rates hovered for the remainder of the week.

“Mortgage rates were flat last week as two highly anticipated announcements, the European Central Bank’s stimulus plan and the latest U.S. employment report, confirmed the outcomes the markets were expecting,” said Erin Lantz, vice president of mortgages at Zillow. “Next week there is a limited number of market-moving news or events scheduled, so we expect rates to remain stable.”

Additionally, the 15-year fixed mortgage rate this morning was 3.03 percent and for 5/1 ARMs, the rate was 2.78 percent.

 

 

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http://www.zillow.com/blog/30-year-fixed-steady-153618/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+ZillowBlog+%28Zillow+Blog%29