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Katonah NY Homes

Richard Gere Honorary Chair For Caramoor Harvest Dinner | Katonah Real Estate

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KATONAH, N.Y. – Actor Richard Gere will be the honorary chair for an Oct. 5 Harvest Dinner at Caramoor.

The evening begins at 5:30 p.m. with cocktails, followed by dinner prepared by the Bedford Post Inn at 6:15. A musical performance by The Knights caps the night beginning at 8 p.m. in the Venetian Theater.

The Harvest Dinner is part of the Fall Festival at Caramoor Oct. 4-5. Jazz in the Courtyard will be Oct. 4, beginning at 8 p.m. Concert tickets for The Knights Oct. 5 also are available.

Tickets for the Harvest Dinner are $425. For more information, email events@caramoor.org

 

 

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http://armonk.dailyvoice.com/events/richard-gere-honorary-chair-caramoor-harvest-dinner

Mortgage foreclosure filings fall 35% in July | Katonah Real Estate

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Mortgage foreclosure filings in July were about 35% lower than in the same month a year ago in southeast Wisconsin, extending a trend that has helped keep a general recovery in housing on course.

Court records show there were 581 filings in Kenosha, Milwaukee, Ozaukee, Racine, Walworth, Washington and Waukesha counties last month, compared with 896 in July of 2012. It was the lowest July total since before the housing slump and recession occurred.

Through the first seven months of 2013, mortgage foreclosure filings were down about 37% in the region, to 4,288 from 6,797 during the same span last year.

However, the 581 filings recorded in July were the most for one month since March of this year, when there were 636 filings.

The July filings decreased in all seven counties in southeast Wisconsin.

While bank-owned foreclosures have dropped, the City of Milwaukee is facing an increase in city-owned tax foreclosures. To date, the city holds title to well over 900 properties, with the prospect of several hundred more properties going into tax foreclosure by the end of the year.

The Common Council has taken steps to help homeowners avoid tax foreclosure. Specifically, homeowners have been given more time to pay back special charges owed to the city. The old policy required strapped homeowners to pay back the special charges in full.

 

 

Mortgage foreclosure filings fall 35% in July.

Home-price growth near seven-year high | Katonah Real Estate

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Annual home-price growth in June was close to the fastest pace in seven years, as inventories of existing and new homes remained low, according to data released Tuesday.

Home prices, including distressed sales, rose 1.9% in June, and were up 11.88% from a year earlier, according to CoreLogic (NYSE:CLGX) , an Irvine, Calif.-based analysis firm. In May, prices were up 11.93% from the prior year, the fastest annual growth since February 2006.Excluding short sales and other distressed properties, prices rose 1.8% in June, and were up 10.97% from the year-earlier period, reaching the fastest annual pace since February 2006.

“The U.S. housing market experienced robust price appreciation during the first half of 2013 and our forecast calls for double-digit growth through July,” said Anand Nallathambi, CoreLogic’s chief executive. “Despite their rebound of late, home prices remain reasonable in a historical context, with most states near peak affordability levels.”

 

 

Home-price growth near seven-year high – Economic Report – MarketWatch.

Westchester Health Department Shares Tips To Prevent West Nile | Katonah Real Estate

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The West Nile virus was found this week in Rye Brook and the county wants to help protect you from the mosquito-borne disease.

Now that the rain has stopped, the county Health Deparment says there is a lot you can do to prevent mosquitoes from breeding and biting in your neighborhood:

• Check around your property for tin cans, plastic containers, ceramic pots or similar water-holding containers that should be discarded or turned over to prevent collecting water.
• Check and remove standing water from children’s toys and play houses left outside.
• Dispose of old tires.
• Drill holes in the bottoms of all recycling containers that are left outdoors.
• Turn over plastic wading pools, buckets and wheelbarrows when not in use.
• Change the water in birdbaths at least twice weekly.
• Sweep driveways after it rains to clear puddles.
• Keep storm drains and gutters clear of leaves and debris.
• Clean and chlorinate swimming pools, outdoor spas and hot tubs and drain water that collects on their covers.
The department also recommends you:
• Avoid the outdoors in the late afternoon and early evening when mosquitoes are active and feeding and use insect repellents when outdoors during these times, and be sure to follow the instructions on the label. Adults can apply insect repellents with up to 30 percent DEET on infants older than 2 months by applying the product to their own hands and then rubbing their hands on their children. Products containing DEET are not recommended for use on children younger than 2 months old.
• Wear protective clothing such as long pants, long-sleeved shirts, and socks when outdoors in areas and at times where and when mosquitoes are active and feeding.

If you notice large areas of standing water on public property that could serve as potential mosquito breeding grounds, please report it to the department at (914) 813-5000 or by emailing www.westchestergov.com/health.

 

Westchester Health Department Shares Tips To Prevent West Nile | The Armonk Daily Voice.

U.K. House Prices Hit Five-Year High Amid Bubble Fears | Katonah Real Estate

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U.K. house prices rose to a five-year high in July as a controversial government support program fuels fears that another house price bubble may be in the making.

The Help to Buy program supports buyers by offering cheaper mortgages but doesn’t guarantee new housing supply. Help to Buy and increased home loans from banks using the separate Funding for Lending program enable home sellers to ask for higher prices for a short supply of residential property.

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Bloomberg News

A pedestrian crosses a street between rows of residential properties in the Notting Hill district of London on July 25.

That potential mismatch between demand and supply has prompted many economists to question the wisdom of the government’s support programs, fearing that they may lead to a sharp rise in house prices that can’t be sustained over the long run.

The rise in house prices is in line with other indicators that suggest the U.K.’s long-awaited economic recovery is gaining momentum. A survey of purchasing managers at construction companies released Friday recorded a surge in activity during July.

However, with wage growth remaining below inflation, Britons are still seeing their real incomes falling. The National Institute of Economic and Social Research on Friday said that Britons are being forced to dip into their savings to maintain their living standards.

A reliance on rising house prices and spending that outstrips income growth would reprise the weaknesses that contributed to the economy’s sharp contraction in the wake of the 2008 financial crisis.

Since then, the government and Bank of England have said they want to see a more balanced economy, with growth also driven by exports and increased business investment. But that rebalancing has yet to begin.

“House prices are already overvalued, and with many first-time buyers already locked out of the market, it is unlikely they are happy at the prospect of having to take on even more debt to realize their homeownership aspirations,” said Matthew Pointon, an economist at Capital Economics.

 

U.K. House Prices Hit Five-Year High Amid Bubble Fears – WSJ.com.

Mapping New York City Neighborhoods’ Median Rents for July | Katonah Real Estate

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zumpermedianjuly_8_13.jpg

New York City can never have too many charts and maps illustrating median rents in different neighborhoods. The folks at listings website Zumper have followed up on their May pricing map with two for July, shown above, illustrating median rents for one- and two-bedrooms in Manhattan, a few neighborhoods of Brooklyn, and Astoria. Once again, Tribeca retained its “most expensive” crown with a median price of $4,200/month for a 1BR and $7,695/month for a 2BR.

The next most expensive neighborhoods were—completely non-shockingly—Soho, with a median rent of $3,550/month for 1BRs, and Greenwich Village, at $3,500/month. The best deals were to be found on the East Side, with the Lower East Side median-ing $2,395/month and the Upper East Side $2,495/month

 

Mapping New York City Neighborhoods’ Median Rents for July – Cool Map Thing – Curbed NY.

How to Fix a Running Toilet | Katonah Real Estate

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Nowadays, we don’t give much thought to our toilets, but there was a time when answering nature’s call involved such things as porcelain pots and crude outhouses. The modern flushing toilet actually didn’t become ubiquitous until the early 1900s. Since then, the technology has changed very little, and for the average do-it-yourselfer, it’s not challenging to fix a running toilet.

Replace the flapper

Source: shutterstock.com

Source: shutterstock.com

A defective flapper is usually behind a running toilet problem. When you flush, the flapper is the rubber stopper within the tank that lifts to release water into the bowl. Over time, the flapper deteriorates, allowing water to trickle past its once-tight seal. Push down on the flapper to test its integrity; if the toilet immediately stops running, then you’ve identified the issue. The next step is to replace the flapper.

Start by turning the water off to the toilet (the shutoff valve should be directly beneath the tank). Flush the toilet to drain all remaining water from the tank and bowl. Now you can remove the flapper. As you do so, note the way in which it attaches to the bottom of the tank. There are several kinds of flappers, so when you visit the hardware store to buy a replacement, be sure you select one that is identical.

Follow the installation instructions that come with your replacement flapper. Most important is adding or removing links to establish an appropriate length for the chain connecting the flapper to the flush arm. Leave the chain too long and you’ll get “jiggling handle syndrome.” (You know, when you have to fidget with the handle a bit before the tank begins to refill.) If you make the chain too short, the flapper won’t be able to rise fully away from the drain hole, leading to abbreviated flushes.

Check the fill tube

Let’s say that when diagnosing the trouble with your toilet, pressing down on the flapper did not stop the water from running. In that case, the cause might be the fill tube. That’s the small plastic tube going from the fill valve — the main assembly in the tank — to the overflow pipe, which drains excess water when the tank fills too high. If you see that the fill tube is under water, cut it back so that the tube clears the water level.

 

How to Fix a Running Toilet | Zillow Blog.

US home prices rise 12.2 percent in May | Katonah Real Estate

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U.S. home prices jumped 12.2 percent in May compared with a year ago, the biggest annual gain since March 2006. The increase shows the housing recovery is strengthening.

The Standard & Poor’s/Case-Shiller 20-city home price index released Tuesday also surged 2.4 percent in May from April. The month-over-month gain nearly matched the 2.6 percent increase in April from March — the highest on record.

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The price increases were widespread. All 20 cities showed gains in May from April and compared with a year ago.

Prices in Dallas and Denver reached the highest level on records dating back to 2000. That marks the first time since the housing bust that any city has reached an all-time high.

Home values are rising as more people are bidding on a scarce supply of houses for sale. Steady price increases, along with stable job gains and historically low mortgage rates, have in turn encouraged more Americans to buy homes.

One concern is that higher mortgage rates could slow home sales. But many economists say rates remain low by historical standards and would need to rise much faster to halt the momentum.

Svenja Gudell, senior economist at Zillow, a home price data provider, said a big reason for the recent price gains is that foreclosed homes make up a smaller proportion of overall sales. Foreclosed homes are usually sold by banks at fire-sale prices.

“Typical home values have appreciated at roughly half this pace for the past several months, which is still very robust,” Gudell said.

 

US home prices rise 12.2 percent in May, most in 6 years and sign of stronger housing recovery – The Washington Post.

Katonah Museum of Art Donates Quilts | Katonah Real Estate

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Quilts made by hundreds of community members and visitors to the Katonah Museum of Art recently were donated to My Sister’s Place and to babies born at the Bedford Women’s Correctional Facility.

The Katonah museum is dedicated to developing meaningful relationships with the community, both individuals and other organizations and businesses. To that end, the museum created the quilt lab as part of its “Beyond the Bed” quilt exhibition that was on display earlier this year. Museum visitors made hundreds of log cabin quilt squares, which 33 volunteer quilters then sewed together to create 10 colorful quilts.

The project gave visitors to the Katonah Museum of Art a better understanding of just how much time, vision and skill goes into creating a quilt. It also gave visitors the opportunity to play a hands-on role in the process of community quilt-making, as well as knowing their creative efforts would help people in need.

 

 

Katonah Museum of Art Donates Quilts | The Bedford Daily Voice.

R.I. real estate market continues recovery; prices up 10 percent, sales up 15 percent | Katonah Real Estate

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The real-estate market continued to recover in Rhode Island throughout the second quarter of this year, and the median house price reached $209,900, up 10 percent compared with April, May and June 2012.

The number of houses sold increased by 15 percent in the second quarter, according to statistics released Tuesday by the Rhode Island Association of Realtors.

In the first six months of 2013, 3,968 houses were sold in Rhode Island. Of those sales, 881, or about 22 percent, were distressed, meaning they were foreclosures or short sales.

During the same period in 2012, nearly 30 percent of the house sales — 1,083 of 3,636 — were distressed, according to association statistics.

“The supply of homes for sale has dropped, eliminating the excess of homes for sale, particularly those sold through foreclosure and short sale,” association president Victoria Doran said. “Sellers need to understand, however, that the decrease in distressed sales is what is elevating the median price. Homes sold through conventional means still need to be reasonably priced.”

Rhode Island’s median house price peaked at a high of $282,500 in 2006, but fell to $199,900 in 2009 and dropped to $190,000 in 2012. But the association said that Rhode Island’s real-estate market “has been gaining strength since January.”

The condominium market also had a strong second quarter, with a 19-percent jump in the median sales price, to $202,750, and a 28-percent increase in sales volume; 18 percent of the 474 condo sales were distressed.

The multifamily market, the segment most affected by foreclosures and short sales, also continued to rally in the second quarter. The median price increased by 5 percent, to $126,000, and the sales volume increased by 2 percent. The association said that the “bulk of the multifamily market … changed hands in prior years as investors snapped up distressed sales.” In the second quarter, 38 percent of the 347 multifamily sales were distressed.

 

 

R.I. real estate market continues recovery; prices up 10 percent, sales up 15 percent | Breaking News | providencejournal.com | The Providence Journal – The Providence Journal.