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Slight Uptick in Rates on Loans for New Homes | Lewisboro Real Estate

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This morning, the Federal Housing Finance Agency (FHFA) reported that interest rates on home mortgages increased slightly in March.  The same was true for the subset of mortgages used to purchase new homes.

Eff Rate Mar 15

On conventional mortgages used to purchase newly built homes, the average contract rate and average initial fees and charges each increased by 2 basis points.  The contract interest rate increased from 3.79 percent to 3.81, and the initial fees and charges increased from 1.11 percent to 1.13.  The result was an average effective interest rate (which amortizes initial fees over the estimated life of the loan) that edged up from 3.91 to 3.93 percent.  That marks the second month in a row that the effective rate has been below 4 percent, following 19 consecutive months above that threshold.

Loan Amt Mar 15

Meanwhile, the average size of the conventional loans used to purchase newly built homes continued to inch toward $340,000, increasing by $400 to $339,000 in March, which is an all-time high.

However, the average price of the new homes purchased with the loans in March declined by $3,800 (a little under 1 percent) to $445,700.  Consequently the loan-to-price ratio moved back up over 78 percent for the first time in three months.

 

read more….

 

http://eyeonhousing.org/2015/04/slight-uptick-in-rates-on-loans-for-new-homes/

Staten Island will host city’s largest solar power facility | Katonah Homes

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What was once the world’s largest landfill will become the home to the city’s largest solar energy facility, Mayor Michael Bloomberg announced Monday.

“It’s fitting that this site, long associated with the most stubborn challenges of urban development, will now be a shining example of cutting-edge solutions,” Bloomberg said at Freshkills Park, formerly the city’s garbage dump. Dumpsters can be needed whenever a large amount of waste needs to be disposed of. Most homeowners and contractors hire dumpster rentals for home renovation projects because at that time, a large amount of waste is produced that needs to be cleared from the property. Clearing waste is difficult with your conventional garbage bins or dumpsters. For large amount of waste, you need a large sized dumpster that can easily help you get rid of all the waste that is produced during your project. Finding cheap and affordable dumpster rentals might be an issue for many, especially if they are hiring such services for the first time. Therefore, following are some tips that will help you find lowest prices of junk removal services. Then have a peek here for the dumpster rental.

The solar panels will be installed and operated by Sun Edison, at no cost to the city. The city will earn money from the project through a leasing agreement that is still being negotiated – and business owners in the city will be able to get a green energy credit thanks to their installation.

“The solar panels Sun Edison will install on the site will be able to produce up to 10 megawatts of energy, and that’s enough to power 2,000 homes,” Bloomberg said.

The energy will be fed back into Con Edison’s grid system, so it won’t go to specific homeowners but will help power the entire city.

Sun Edison was selected after bidding to lease 47 acres of the park, and will install 30,000 to 35,000 high-efficiency solar panels on the site.

General Manager Attila Toth praised the city for their forward-thinking approach.

“This is the largest city in the nation and the largest city is developing the largest brownfield to park conversion site,” Toth said. “This is a very innovative solution and this kind of thinking does not happen in every city around the nation.”

Toth said the plant would employ more than 100 workers when it’s up and running in 2016.

The city already captures methane gas created underground – enough to heat 22,000 homes — at the site and sells it to National Grid for about $3 million a year.

Among those who have long been pressing for renewable energy at Freshkills is Borough President James Molinaro.

“Who knew that he would be a tree-hugger when he was elected?” Bloomberg joked. “But it runs out he has been very environmentally conscious and has really done a great job for the people of Staten Island.”

Molinaro called it an historic day, and recalled asking the Port Authority for $500,000 to study renewable energy at the site shortly after the landfill closed in 2001.

http://www.silive.com/news/index.ssf/2013/11/staten_island_will_host_citys.html

A Look at the (Future) Tallest Vertical Garden on Earth | Katonah Real Estate

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one-central-park-sydney-image-sept-2010.jpgRendering via Patrick Blanc

Any building posed to have the tallest vertical garden on Earth isn’t just any ol’ boring monolith, no siree! And if Jean Nouvel, the Pritzker Prize-winning French architect who’s simply obsessed with light, shadow, and ambitious, glassy structures, has anything to do with it, well, then the results promise to be fairly bonkers. Such is the case for One Central Park, a largely residential mixed-use project currently underway in Sydney and scheduled to be finished next year. According to Dezeen, half the façade will be covered in 350 plant species in a massive vertical garden-type thing designed and installed by French botanist and artist Patrick Blanc.

But that’s not all! The 624-unit building is actually two towers of different heights—the taller one rises more than 380 feet in the air, beating out a crazy vertical garden planned for Milan by about 20 feet—conjoined at the center, and

“The tallest tower features a large cantilever that contains 38 luxury penthouse apartments. On the underneath, there is a heliostat of motorised mirrors that direct sunlight down onto the surrounding gardens. After nightfall the cantilever is used as a canvas for a LED light installation by artist Yann Kersalé.”

 

Here now, a sketch, a rendering, and a 45-second video of Blanc talking about the project:

one-central-park-sydney-sketch.jpgSketch via Patrick Blanc

dezeen_tallest_living_wall_sydney_jean-nouvel_patrick_blanc_sq_3.jpgRendering via Dezeen

 

 

http://curbed.com/archives/2013/09/09/a-look-at-the-future-tallest-vertical-garden-on-earth.php

A Revolutionary Renovation in Connecticut | Katonah NY Real Estate

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year before the Continental Congress adopted the Declaration of Independence, a man named Joseph Wheadon built a modest, one-room house in New Milford, Connecticut. Wheadon cut the lumber by hand and scavenged foundation stones from the surrounding property. After his premature death, a Greek Revival wing was built, followed by other less-distinctive additions.
More than 235 years after Wheadon first wielded his ax, a Greenwich woman discovered the property while searching for a weekend retreat. By this time, the house was dated and neglected, with systems that had outlived their usefulness. “It was my duty to the community to maintain and uphold the architectural history of the house,” says the homeowner, a former student of historic preservation, now earning a doctorate in environmental policy. “However, on the backside of the house, I wanted to bring nature in and to connect the house to its surroundings.”
Houzz at a Glance Who lives here:The home is a getaway for a local family of five Location: New Milford, Connecticut Size:  2,700 square feet; 4 bedrooms, 4 bathrooms That’s interesting: The old foundation stones were used to build a labyrinth behind the house.

farmhouse exterior by Blansfield Builders, Inc.

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Working with Mark Goodwin of Beinfield Architecture, and Jim Blansfield of Blansfield Builders, the owner remodeled and expanded the house, opening the interior spaces to each other and the view.
The new column-lined entryway across from the garage pays homage to the 19th-century Greek Revival facade in front. The wing to the right was newly built, and the whole house was covered in standing-seam metal roofing, which is both easy to maintain and environmentally responsible — a consideration that drove much of the project.
farmhouse living room by Blansfield Builders, Inc.

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“You venture into a different world when you venture inside,” observes Goodwin, who heeded the owner’s request to reduce every element to its simplest components.
The living-dining area is dominated by an original fireplace, now covered in reclaimed wood that’s been treated to a charcoal gray finish. “We tried to reuse as much of the wood as we could,” says Goodwin, who left some of the hand-hewn beams exposed and used one to create a sublimely understated mantel.
contemporary living room Circa 1700 in NY

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While the home feels like a radical departure from its Revolutionary past, the owner doesn’t see the two as incompatible. “If you look at the interiors, they’re contemporary in terms of being minimal,” she says. “But actually, those are the same materials that would have been used by the original builders. Instead of making it a relic of the past, we revived it and gave it a whole new identity.”
The living room sectional was custom crafted from Northern white pine, while the Andrianna Shamaris coffee table was fashioned from a tree stump. The engineered-wood floors (Castle Combe’s Worcester pattern) are made from oak, textured and treated to look like ancient reclaimed wood.
farmhouse living room by Blansfield Builders, Inc.

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The neutral decor defers to the view. The garden room is visible through the doorway at rear.

contemporary Circa 1700 in NY

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When the owner bought the house, the kitchen had barely been updated since the 1950s and still sported its vintage metal cabinets.

Why Aren’t More Bloggers Claiming Ownership of Their Content? | Katonah NY Real Estate

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Why aren't more bloggers claiming ownership of their content

Working  in the world of digital marketing, I read a lot of blogs every day. When I login  to my email every morning I find my inbox full of new articles. All sorts of  blogs are talking about everything and anything to do with digital marketing and  beyond.

One  thing I know is that Google+ is still a hot topic.

Those  of us who advocate this social platform talk about it as the future of social  media and content marketing. We discuss the benefits of using it for business,  about claiming authorship markup and publisher markup and how it has a great  impact on search rankings and click through rates.

Then  there are the sceptics who say it’s boring. Some say it’s a bad version of  Facebook. Others say it’s not user friendly and it’s just another tool created  by Google in its quest to monopolise all things internet  related.

What is Google+ about?

Most people in the digital marketing industry agree that Google+ has become  an essential part of social media marketing. But it still surprises me when I  speak to people (in my industry) who are still not using Google+, still not sure  what it’s all about. Many see it as not  being a useful marketing tool for  their business.

What is eye opening is when I research things in the digital industry I am  presented with a Google SERP (search engine result page) in which only a handful  of results have a Google+ cover photo next to it! If we’re in the digital  industry, and blogging extensively, aren’t we all supposed to be using Google+  and claiming authorship?

Why Google+ authorship is important

Surely, we all know what Authorship Markup is by now? Could  it be that many blog authors dismiss it as not important or not relevant? It’s  not exactly a lengthy process to claim authorship, but perhaps many bloggers are  not active on Google+? There could be numerous reasons why adoption rates appear  low, but to me it’s a no brainer. So why aren’t more bloggers claiming ownership  of their content?

If you’re doing it right then you should see the following.

  • An increase in search rankings
  • Improvement in CTR (click through rate)
  • More people with access to your other work

So why wouldn’t you adopt this practice?

Judging from what I’ve read, Google is planning to develop this further and  elaborate on author rank, where influential authors appear higher in SERPs, even  if their post is published on a lower ranking website. All this seems very  exciting. So the earlier we start claiming authorship and using Google+ to  establish a reputation, the sooner we will reap the benefits.

 

 

 

Read more at http://www.jeffbullas.com/2013/10/01/why-arent-more-bloggers-claiming-ownership-of-their-content/#IgqfHGDspqHHzRwO.99

Great news! Shadow inventory drops to 1.9M homes | Cross River Real Estate

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It’s a staggering number: The “shadow inventory” in July– properties that are seriously delinquent, in foreclosure or in lenders’ REO inventories (but not yet listed for sale on a multiple listing service) — stood at 1.9 million homes valued at $293 billion, CoreLogic said today.

But you have to put things in perspective.

That’s a 22 percent drop from a year ago, and 38 percent from the 2010 peak of 3 million homes.

Plus, that’s the national picture, and all real estate is local, right? If you break it down to the state level, the five states with the highest foreclosure inventory as a percentage of mortgaged homes were: Florida (7.9 percent), New Jersey (6.2 percent), New York (4.9 percent), Maine (4 percent) and Connecticut (3.9 percent). Source: corelogic.com

 

 

– See more at:

 

http://www.inman.com/wire/great-news-shadow-inventory-drops-to-1-9m-homes/#sthash.pe0Y4n90.dpuf

Mapping the Changes Coming to Harlem’s 125th Street | Katonah Real Estate

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The Harlem Shake has come and gone, but Harlem is still slowly being shaken up by new construction projects. Just take a look at 125th Street, where the changes are as large as Columbia’s Manhattanville expansion and as small as retailers and restaurants opening next to the Apollo Theater. Curbed intern David Stein took a stroll along 125th Street to map the changes for the latest installment in our Microhood Maps series. Know of a project we’ve missed, or have an update on one listed below? Please let us know.

Manhattanville Campus
609 West 125th Street, New York, NY 10027

Map DataMap data ©2013 Google, Sanborn
Map Data
Map data ©2013 Google, Sanborn
Map data ©2013 Google, Sanborn
125th Street Microhood Map
Harlem M/E/C Center
The Harlem Media / Entertainment / Cultural Center was a 1.6 million square foot mega-project expected to occupy almost all of the lots between 125th and 127th Streets, and Second and Third Avenues. Beyond its pretty impressive program—including an office, hotel, cultural center, and 840,000 square foot residential complex—the project had the backing of some well-known groups, including General Growth Partners, Archstone and Monadnock Construction. Unfortunately, the project was announced in October 2008, and General Growth went into bankruptcy just five months later. While Metro125, the residential building at 125th Street and Third Avenue was still completed in 2009 by MEC partner The Richman Group, the rest of the project appears to have timed-out.
2305 3rd Avenue, New York, NY 10035
40.803766-73.93543899999997
Manhattanville Campus
Columbia’s new Manhattanville campus is already underway and drastically larger than any other project currently in development on 125th Street. Yet the most visible sign of progress—a $200 million “Jerome L. Greene Science Center”—is merely the tip of Colubmia’s iceberg. Twelve more buildings totaling 6.8 million square feet are destined for the blocks between 125th and 133rd Streets, and though Columbia claims the campus will be “pedestrian” in scale and widely accessible to the public, the renderings do look intimidating. (Maybe that’s why they keep them small?)
609 West 125th Street, New York, NY 10027
40.8162413-73.95858340000001
Create @ Harlem Green
The 126th Street entrance to the former Tastee Bakery factory—a mere calculator toss from the Manhattanville campus—reveals a building still in significant need of repair and improvements. Developers Janus Partners and Monadnock Construction won the project from the NYCEDC after it was re-zoned in 2011 and have since planned to create nearly 250,000 square feet of manufacturing, office, and other commercial space, including tech-friendly areas. So far, however, the most notable tenant expected to move in will be the Harlem Brewing Company. Local residents are skeptical that the project will happen altogether: apparently a few “big ass” trees are growing inside.
439 West 126th Street, New York, NY 10027
40.813203-73.95469300000002
301 W 125th St Shopping Complex
The Adjimis and Aurora Capital are wrapping up a 100,000 square foot retail project at the corner of 125th Street and Frederick Douglass Boulevard. Joe’s Crab Shack and Party City are already up-and-running, and DSW Shoes and Blink Fitness are bound to open their doors any day now. If those sound like good neighbors, a sizeable chunk of ground floor space still looks to be available.
301 West 125th Street, New York, NY 10027
40.8105464-73.95143300000001
Red Lobster (And More)
No longer will Times Square wield an iron claw when it comes to Manhattan’s chain-scale seafood fans: theater-goers might now be tempted to 125th Street, where Red Lobster is about to open directly next to the Apollo Theater, along with a couple retailers or another, smaller restaurant (to be determined). The project is being developed by Gotham and Grid Properties, the same groups responsible for the nearby Harlem USA center.
269 West 125th Street, New York, NY 10027
40.8100025-73.9507226
Mart 125
Mart 125, a former “indoor market place for African vendors,” lies directly across the street from the Apollo and Victoria Theaters, which might explain why the NYCEDC has been trying to re-vitalize the property since the late 1990’s. Although the space was apparently decrepit even while still in use as a market, Mart 125 remains dark and closed. The EDC is seeking a community-minded developer to fix everything and incorporate a 15,000 square foot National Jazz Museum and visitor center.
260 West 125th Street, New York, NY 10027
40.80943800000001-73.95056399999998
Victoria Theater
If it happens, the Victoria Theater project could shake-up central Harlem big-time. Danforth Development Partners and Exact Capital are planning a pretty sizeable mixed-use project: a cultural arts center, a 210-room Cambria Suites hotel, and 230 apartments (although we’ve heard as many as 299 units). The two-towered project will cost $143 million, which is why the whole thing is a big “if”: most other recent projects on 125th Street have been limited to about $15 to $30 million in costs. That being said, there’s a big need for hotels in Harlem.
237 West 125th Street, New York, NY 10027
40.8096035-73.94976689999998
National Urban League HQ
Harlem’s other big project is just starting to get off the ground: a 400,000 square foot, $225 million office building, retail and conference center, parking garage, and affordable housing complex. The developer, Hudson Companies, generally specializes in residential-only projects but appears to have earned the city’s trust, as well as a strong relationship with the National Urban League, which will occupy most of the complex’s office space once everything is finished. Big-name architecture firm HOK is the designer.
121 West 125th Street, New York, NY 10027
40.8080202-73.94599920000001
Whole Foods Site
Despite DOB filing activity as recently as May, the Whole Foods / Burlington Coat Factory / American Eagle Outfitters project bound for the corner of 125th Street and Malcom X Boulevard remains an empty and lot. The lot is also sizeable, and yet Whole Foods itself is expected to occupy only 39,000 square feet, which means there’s likely to be room for even bigger ideas (Hotel? Rentals?). The developer is Jeff Sutton, who was once profiled in the Observer as the “King of New York Retail.” So maybe Whole Foods is the whole truth after all…
100 West 125th Street, New York, NY 10027
40.8078086-73.94557350000002
Hotel (or Retail) Project
The last time we heard anything about this site, it was… confusing. At one point, renderings from Curtis + Ginsberg Architects suggested a 200,000 square foot office building was on its way. In 2010 we learned of a new plan from The Real Deal, where the office building was ditched in favor of a luxury hotel, which was shortly therefater ditched in favor of a Hilton Garden Inn. The lot has since sold to RCG Longview, an affiliate of Estreich & Company, who appears to be partnering with the Feil Organization to build a 125,000 square foot retail and office complex. However, DOB filings show plans for a 14-story building, rather than the “five-story” building described by Feil. The confusion continues!
15 West 125th Street, New York, NY 10027
40.8068638-73.94325529999997
Corn Exchange Building
Work is moving ahead on a gut renovation of one of Harlem’s most distinct landmarks, the Corn Exchange Building. It was originally built in 1883 and served as headquarters for a couple major banks until bad times arrived in the form of a poor economy in the 1970’s and a fire in the 1990’s. After being partially demolished, a developer is spending $17 million to re-create 22,000 square feet of office space and 9,000 square feet of retail. It’s located right next to the Metro North stop at 125th Street and Park Avenue.
121 East 125th Street, New York, NY 10035
40.8047081-73.93814600000002
Harlem M/E/C Center
The Harlem Media / Entertainment / Cultural Center was a 1.6 million square foot mega-project expected to occupy almost all of the lots between 125th and 127th Streets, and Second and Third Avenues. Beyond its pretty impressive program—including an office, hotel, cultural center, and 840,000 square foot residential complex—the project had the backing of some well-known groups, including General Growth Partners, Archstone and Monadnock Construction. Unfortunately, the project was announced in October 2008, and General Growth went into bankruptcy just five months later. While Metro125, the residential building at 125th Street and Third Avenue was still completed in 2009 by MEC partner The Richman Group, the rest of the project appears to have timed-out.
2305 3rd Avenue, New York, NY 10035
40.803766-73.93543899999997
Manhattanville Campus
Columbia’s new Manhattanville campus is already underway and drastically larger than any other project currently in development on 125th Street. Yet the most visible sign of progress—a $200 million “Jerome L. Greene Science Center”—is merely the tip of Colubmia’s iceberg. Twelve more buildings totaling 6.8 million square feet are destined for the blocks between 125th and 133rd Streets, and though Columbia claims the campus will be “pedestrian” in scale and widely accessible to the public, the renderings do look intimidating. (Maybe that’s why they keep them small?)
609 West 125th Street, New York, NY 10027
40.8162413-73.95858340000001
Manhattanville Campus
Columbia’s new Manhattanville campus is already underway and drastically larger than any other project currently in development on 125th Street. Yet the most visible sign of progress—a $200 million “Jerome L. Greene Science Center”—is merely the tip of Colubmia’s iceberg. Twelve more buildings totaling 6.8 million square feet are destined for the blocks between 125th and 133rd Streets, and though Columbia claims the campus will be “pedestrian” in scale and widely accessible to the public, the renderings do look intimidating. (Maybe that’s why they keep them small?)
609 West 125th Street, New York, NY 10027
40.8162413-73.95858340000001
Create @ Harlem Green
The 126th Street entrance to the former Tastee Bakery factory—a mere calculator toss from the Manhattanville campus—reveals a building still in significant need of repair and improvements. Developers Janus Partners and Monadnock Construction won the project from the NYCEDC after it was re-zoned in 2011 and have since planned to create nearly 250,000 square feet of manufacturing, office, and other commercial space, including tech-friendly areas. So far, however, the most notable tenant expected to move in will be the Harlem Brewing Company. Local residents are skeptical that the project will happen altogether: apparently a few “big ass” trees are growing inside.
439 West 126th Street, New York, NY 10027
40.813203-73.95469300000002
301 W 125th St Shopping Complex
The Adjimis and Aurora Capital are wrapping up a 100,000 square foot retail project at the corner of 125th Street and Frederick Douglass Boulevard. Joe’s Crab Shack and Party City are already up-and-running, and DSW Shoes and Blink Fitness are bound to open their doors any day now. If those sound like good neighbors, a sizeable chunk of ground floor space still looks to be available.
301 West 125th Street, New York, NY 10027
40.8105464-73.95143300000001
Red Lobster (And More)
No longer will Times Square wield an iron claw when it comes to Manhattan’s chain-scale seafood fans: theater-goers might now be tempted to 125th Street, where Red Lobster is about to open directly next to the Apollo Theater, along with a couple retailers or another, smaller restaurant (to be determined). The project is being developed by Gotham and Grid Properties, the same groups responsible for the nearby Harlem USA center.
269 West 125th Street, New York, NY 10027
40.8100025-73.9507226
Mart 125
Mart 125, a former “indoor market place for African vendors,” lies directly across the street from the Apollo and Victoria Theaters, which might explain why the NYCEDC has been trying to re-vitalize the property since the late 1990’s. Although the space was apparently decrepit even while still in use as a market, Mart 125 remains dark and closed. The EDC is seeking a community-minded developer to fix everything and incorporate a 15,000 square foot National Jazz Museum and visitor center.
260 West 125th Street, New York, NY 10027
40.80943800000001-73.95056399999998
Victoria Theater
If it happens, the Victoria Theater project could shake-up central Harlem big-time. Danforth Development Partners and Exact Capital are planning a pretty sizeable mixed-use project: a cultural arts center, a 210-room Cambria Suites hotel, and 230 apartments (although we’ve heard as many as 299 units). The two-towered project will cost $143 million, which is why the whole thing is a big “if”: most other recent projects on 125th Street have been limited to about $15 to $30 million in costs. That being said, there’s a big need for hotels in Harlem.
237 West 125th Street, New York, NY 10027
40.8096035-73.94976689999998
National Urban League HQ
Harlem’s other big project is just starting to get off the ground: a 400,000 square foot, $225 million office building, retail and conference center, parking garage, and affordable housing complex. The developer, Hudson Companies, generally specializes in residential-only projects but appears to have earned the city’s trust, as well as a strong relationship with the National Urban League, which will occupy most of the complex’s office space once everything is finished. Big-name architecture firm HOK is the designer.
121 West 125th Street, New York, NY 10027
40.8080202-73.94599920000001
Whole Foods Site
Despite DOB filing activity as recently as May, the Whole Foods / Burlington Coat Factory / American Eagle Outfitters project bound for the corner of 125th Street and Malcom X Boulevard remains an empty and lot. The lot is also sizeable, and yet Whole Foods itself is expected to occupy only 39,000 square feet, which means there’s likely to be room for even bigger ideas (Hotel? Rentals?). The developer is Jeff Sutton, who was once profiled in the Observer as the “King of New York Retail.” So maybe Whole Foods is the whole truth after all…
100 West 125th Street, New York, NY 10027
40.8078086-73.94557350000002
Hotel (or Retail) Project
The last time we heard anything about this site, it was… confusing. At one point, renderings from Curtis + Ginsberg Architects suggested a 200,000 square foot office building was on its way. In 2010 we learned of a new plan from The Real Deal, where the office building was ditched in favor of a luxury hotel, which was shortly therefater ditched in favor of a Hilton Garden Inn. The lot has since sold to RCG Longview, an affiliate of Estreich & Company, who appears to be partnering with the Feil Organization to build a 125,000 square foot retail and office complex. However, DOB filings show plans for a 14-story building, rather than the “five-story” building described by Feil. The confusion continues!
15 West 125th Street, New York, NY 10027
40.8068638-73.94325529999997
Corn Exchange Building
Work is moving ahead on a gut renovation of one of Harlem’s most distinct landmarks, the Corn Exchange Building. It was originally built in 1883 and served as headquarters for a couple major banks until bad times arrived in the form of a poor economy in the 1970’s and a fire in the 1990’s. After being partially demolished, a developer is spending $17 million to re-create 22,000 square feet of office space and 9,000 square feet of retail. It’s located right next to the Metro North stop at 125th Street and Park Avenue.
121 East 125th Street, New York, NY 10035
40.8047081-73.93814600000002
Harlem M/E/C Center
The Harlem Media / Entertainment / Cultural Center was a 1.6 million square foot mega-project expected to occupy almost all of the lots between 125th and 127th Streets, and Second and Third Avenues. Beyond its pretty impressive program—including an office, hotel, cultural center, and 840,000 square foot residential complex—

Late Summer Sales Keep September Prices Hot | Lewisboro NY Real Estate

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Home price gains in September rose over record August levels, evidence of residual summer buying activity, according to the first market report of the month to be released.

All regions saw small up-ticks in yearly price gains as Clear Capital’s Home Data Index (HDI) Market Report said September prices rose to 10.9% year-over-year.  In August, national yearly home price growth reached 10.2%, the last time Clear Capital reported double digit yearly price growth since the middle of 2006, the height of the bubble.

Clear Capital’s August prices remained 32.5% off their previous highs and only in line with 2002 prices.  Additionally, the low tier price segment of the housing market saw quarterly gains of 2.0%, the lowest since April 2012, indicating the sector that kick started the recovery is already on a path of moderation. From its peak rate of growth in April 2013, rates of growth for the low tier segment, or home sale values in the bottom 25th percentile, have fallen from 4.1% to 2.0%.

“While national and regional rates showed more of the same in September, an interesting dichotomy is unfolding beneath the surface,” said Dr. Alex Villacorta, vice president of research and analytics at Clear Capital. “Strong performances in San Francisco and Detroit remind us that in a dynamic market, the only constant is change. For about a year and a half now, we’ve been focused on First-In, First-Out recoveries characterized by hard hit markets attracting investor interest, like Miami, Phoenix and Las Vegas. Now as the recovery matures, we see homebuyers re-engaging in markets that haven’t fit the typical investor profile.

“As demand calibrates to local economic environments, markets will start to find their natural equilibriums with moderating gains ahead. This should invite new markets, such as San Francisco and Detroit to share the spotlight as their recoveries continue to evolve,” he said.

Highest   Performing Major Metro Markets

Qtr/Qtr Rank

Metropolitan   Statistical Area

Qtr/Qtr % +/-

Yr/Yr

REO Saturation

1

San Francisco, CA –   Oakland, CA – Fremont, CA

4.4%

28.3%

6.3%

2

Detroit, MI – Warren,   MI – Livonia, MI

4.3%

23.3%

31.7%

3

Sacramento, CA –   Arden, CA – Roseville, CA

3.9%

27.7%

11.0%

4

Las Vegas, NV –   Paradise, NV

3.9%

32.2%

19.8%

5

San Jose, CA –   Sunnyvale, CA – Santa Clara, CA

3.9%

25.7%

2.8%

6

Atlanta, GA – Sandy   Springs, GA – Marietta, GA

3.6%

26.1%

21.2%

7

Birmingham, AL –   Hoover, AL

3.5%

10.4%

20.6%

8

Los Angeles, CA – Long   Beach, CA – Santa Ana, CA

3.4%

22.2%

9.2%

9

Chicago, IL –   Naperville, IL – Joliet, IL

3.4%

21.5%

20.2%

10

Riverside, CA – San   Bernardino, CA – Ontario, CA

3.2%

21.8%

15.9%

11

Miami, FL – Ft.   Lauderdale, FL – Miami Beach, FL

3.2%

20.4%

21.9%

12

Bakersfield, CA

3.0%

20.8%

16.7%

13

Columbus, OH

2.9%

6.7%

23.6%

14

San Diego, CA –   Carlsbad, CA – San Marcos, CA

2.8%

19.6%

7.9%

15

Oxnard, CA – Thousand   Oaks, CA – Ventura, CA

2.7%

18.2%

7.1%

Top

Lowest   Performing Major Metro Markets

Qtr/Qtr Rank

Metropolitan   Statistical Area

Qtr/Qtr % +/-

Yr/Yr

REO Saturation

1

Charlotte, NC-   Gastonia, NC – Concord, NC

-0.1%

-0.4%

17.1%

2

Louisville, KY

0.2%

1.0%

18.5%

3

Raleigh, NC – Cary, NC

0.2%

1.1%

11.3%

4

Hartford, CT – West   Hartford, CT – East Hartford, CT

0.3%

4.0%

4.0%

5

Rochester, NY

0.4%

3.7%

2.2%

6

St. Louis, MO

0.4%

-0.2%

23.3%

7

Dayton, OH

0.4%

4.8%

22.2%

8

New Orleans, LA –   Metairie, LA – Kenner, LA

0.4%

3.4%

12.3%

9

Virginia Beach, VA –   Norfolk, VA – Newport News, VA

0.7%

5.0%

9.8%

10

Dallas, TX – Fort   Worth, TX – Arlington, TX

1.0%

6.8%

12.4%

11

Baltimore, MD –   Towson, MD

1.0%

5.5%

7.2%

12

Pittsburgh, PA

1.0%

5.2%

4.5%

13

Richmond, VA

1.2%

8.8%

11.1%

14

Philadelphia, PA –   Camden, NJ – Wilmington, DE

1.3%

5.2%

4.6%

15

Providence, RI – New   Bedford, MA – Fall River, MA

1.3%

11.7%

6.0%

The Clear Capital Home Data Index Market Report is built on information from recorder/assessor offices, enhanced by adding the company’s proprietary streaming market data. It reflects nationwide coverage of sales by aggregating this data at ten different geographic levels, including hundreds of metropolitan statistical areas (MSAs) and sub-ZIP code boundaries. It includes equally-weighted distressed bank owned sales (REOs) from around the country.

 

 

http://www.realestateeconomywatch.com/2013/10/late-summer-sales-keep-september-hot/

 

Westchester CSEA endorses all Democrats | South Salem Real Estate

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Here’s the statement of the union. All the candidates are Democrats:

WHITE PLAINS – Leaders of CSEA, the largest union representing public employees across Westchester County, today announced the union’s full list of endorsements for county-level races.

The endorsements were made by the CSEA Southern Region Political Action Committee.

“We are excited to endorse a strong slate of qualified individuals who have worked and will continue to work to preserve a strong middle class in Westchester County,” said CSEA Southern Region President Billy Riccaldo.

The endorsements are as follows:

• County Executive: Noam Bramson

• County Clerk: Tim Idoni

• Board of Legislators, District 1:Duane Jackson

• Board of Legislators, District 2: Peter Harckham

• Board of Legislators, District 5: Ben Boykin

• Board of Legislators, District 8: Alfreda Williams

• Board of Legislators, District 9: Catherine Borgia

• Board of Legislators, District 10: Mary Jo Jacobs

• Board of Legislators, District 11: Stavros Pantelis

• Board of Legislators, District 12: Mary Jane Shimsky

• Board of Legislators, District 13: Lyndon Williams

• Board of Legislators, District 14: Rachelle “Rocky” Richard

?• Board of Legislators, District 16: Ken Jenkins

CSEA is New York’s leading union, representing employees of the state and its counties, towns, villages, school districts, library systems, authorities and public benefit corporations. Together with a growing population of private sector members and retirees, CSEA is the largest affiliate of the American Federation of State, County and Municipal Employees (AFSCME), which is one of the largest affiliates of the AFL-CIO.

 

 

http://northernwestchester.lohudblogs.com/2013/09/25/westchester-elections-csea-announces-endorsements/