Tag Archives: North Salem NY Homes

North Salem NY Homes

Mortgage Rates at New Lows in Early 2015 | North Salem Real Estate

Leave a reply

Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates falling again amid declining bond yields and oil prices. Averaging 3.63 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.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 3.63 percent with an average 0.7 point for the week ending January 22, 2015, down from last week when it averaged 3.66 percent. A year ago at this time, the 30-year FRM averaged 4.39 percent.
  • 15-year FRM this week averaged 2.93 percent with an average 0.6 point, down from last week when it averaged 2.98 percent. A year ago at this time, the 15-year FRM averaged 3.44 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.83 percent this week with an average 0.4 point, down from last week when it averaged 2.90 percent. A year ago, the 5-year ARM averaged 3.15 percent.
  • 1-year Treasury-indexed ARM averaged 2.37 percent this week with an average 0.4 point, unchanged from last week. At this time last year, the 1-year ARM averaged 2.54 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 continued to fall, albeit at a slower pace, with the 30-year fixed rate mortgage averaging 3.63 percent this week. Housing starts picked up in December coming in at a seasonally adjusted 1.089 million unit pace and beating market expectations. Meanwhile, the drop in energy prices pushed the Producer Price Index down 0.3 percent for December and the Consumer Price Index fell 0.4 percent.”

Mortgages average 3.97% | North Salem Real Estate

Leave a reply

Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates flat to down slightly from the previous week with the average 30-year fixed-rate mortgage remaining below four percent.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 3.97 percent with an average 0.5 point for the week ending November 26, 2014, down from last week when it averaged 3.99 percent. A year ago at this time, the 30-year FRM averaged 4.29 percent.
  • 15-year FRM this week averaged 3.17 percent with an average 0.5 point, unchanged from last week. A year ago at this time, the 15-year FRM averaged 3.30 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.01 percent this week with an average 0.5 point, unchanged from last week. A year ago, the 5-year ARM averaged 2.94 percent.
  • 1-year Treasury-indexed ARM averaged 2.44 percent this week with an average 0.4 point, unchanged from last week. At this time last year, the 1-year ARM averaged 2.60 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 the Regional 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 were little changed on the week with the 30-year fixed-rate mortgage declining to 3.97 percent. This comes during a week of uplifting economic news heading into the holiday; GDP growth was revised up in the third quarter from 3.5 percent to 3.9 percent, while existing homes sold at a 5.26 million unit pace in October, topping expectations of 5.15 million units.”

Teatown Lake Reservation | North Salem Real Estate

Leave a reply

 

View our videos on YouTube Like us on FacebookFind us on PinterestFollow us on Twitter

August 13, 2014
PROGRAMS THIS WEEK:
Advanced Registration is required for all programs. Unless noted, all programs meet in the Nature Center and are $7 per person or FREE for members. Please register by calling (914) 762-2912 ext. 110.
Honey Bee

Busy as a Bee: National Honey Bee Day
Saturday, August 16
10 – 11:30 am

Catch the buzz about honey bees in this program to learn about all the services they provide and bring awareness about the plight of the bee. All Welcome.

Visit Teatown

1600 Spring Valley Road
Ossining, NY 10562
Teatown Lake Reservation’s
mission is to inspire our community to lifelong environmental stewardship.
Nature Center hours:
9 am – 5 pm daily
Trails are open 365 days a year from dawn to dusk.
Click here for Teatown membership benefits, details,
and to purchase or renew
your membership online.

Your donation can make

an immediate impact and help

support our environmental education programs and the stewardship of our 1,000 acre preserve.

Shop on Amazon?

Click the link below and a portion of your Amazon purchase will be donated to Teatown!

Click here.

Upcoming Events and Workshops:
Ferret Frolic!
Saturday, August 23
1-2:30 pm

Let’s share play time with Teatown’s domestic weasels – our ferrets! Watch how they use their bodies and senses to frolic and communicate, and learn how their wild cousins like otters and minks do the same thing. All Welcome. Space is limited to 10 participants.

Nature’s Recyclers
Sunday, August 24
11 am – 12 pm

How does recycling get accomplished in nature? Meet some animal recyclers and find out how things get broken down the natural way. All Welcome.

In the Nature Center Gallery:

Nature Center Gallery Richard Pileggi

Quiet Landscapes

Photography

By Richard Pileggi

On exhibit

July 5 – August 30

Click here for more info

Announcing the publication of:

Teatown’s Wildflower Island

by Lisa Fleck Dondiego

A privately printed, 80-page photo book with an Index identifying the flowers.

Foreword by Leah Waybright Kennell, Curator of Wildflower Island.

This wonderful book is available for

purchase in Teatown’s nature store for $45 plus tax.

Teatown Highlight:
Wildflower Island Summer Tours
Be inspired by Teatown’s natural beauty – Don’t miss Wildflower Island’s final blooms of the season.
Weekend tours
Saturdays: 10am & 1pm
Sundays: 1pm
Private tours for groups of eight or more can be arranged.
 
Pre-registration is required for all tours. $6 per person or $4 per member.
To register, please call 914-762-2912 ext. 110.
 

Bank of America Merrill Lynch concludes Dodd-Frank killed housing | North Salem Homes

Leave a reply

 

Two analysts at Bank of America Merrill Lynch are celebrating the 4-year anniversary of Dodd-Frank, the financial reform law, by calling it “persistent financial repression.”

Analysts Chris Flanagan and Adam Katz joined a chorus of voices using the birthday opportunity to express displeasure of the legislation and disdain in the inability to effect more meaningful reform — that is one that promotes more responsible mortgage lending.

“In testimony to Congress on QRM this week, Mr. Frank noted changing the US residential mortgage market was foremost among the very purpose of the statute,” said Flanagan and Katz.

And change that market it did — by sucking the life out of it.

“We think persistently low mortgage application volumes and this week’s extremely weak new home sales report for June and May are natural outcomes of the legislation,” the analysts write, adding they don’t expect the next four years to be very different.

 

read more…

 

 

Bank of America Merrill Lynch concludes Dodd-Frank killed housing

New York Ranks High Among Safest States To Live | North Salem Real Estate

Leave a reply

 

WalletHub, the personal finance social media network, recently ranked New York as the 10th safest state to live in.

WalletHub compared each of the 50 U.S. states and the District of Columbia in 26 different metrics. The data is broken down into categories that include workplace safety, emergency preparedness, home and community stability, traffic safety and financial security.

The Empire State ranked in the Top 10 in two categories: home and community safety (third) and financial safety (ninth). New York also finished in the top half in driving safety (13th), but ranked dead last in natural disasters (51st).

Massachusetts,ranked No. 1 overall, just ahead of New Hampshire. Neighbors Connecticut and New Jersey ranked ninth and 13th, respectively.

Nevada was ranked last in overall safety, coming in 51st

 

 

read more…

 

 

http://bedford.dailyvoice.com/lifestyle/new-york-ranks-high-among-safest-states-live

PoMo ’90s Time Capsule Wants $5.5M in South Florida | North Salem Real Estate

Leave a reply

 

32 images


Click here to view the full photogallery.

Location: Tequesta, Fla.
Price: $5,499,900
The Skinny: The early 90s are very much alive and well in this South Florida waterfront estate: from the all-white PoMo exterior to the smoothest of smooth jazz that provides the soundtrack to the listing site’s photo slideshow, this mansion is the architectural equivalent of high-waisted acid wash jeans with an electric blue skypager clipped to the belt. Enter through the custom woodwork double front doors and you’ll experience (per the brokerbabble) “warm, Florida modern allure draped in sophistication and delights, while conveying an unmistakable sense of strength, volume, and boldness”, which sounds more like the copy for a shampoo ad than a listing description, but does manage to communicate the fact that the place is huge. The expansive open plan ground floor is a case in point, with features that include three crystal chandeliers (natch), a sky-bridge, marble floors, and walls of floor-to-ceiling windows with pretty spectacular views of the Intracoastal Waterway. Sadly, the home’s special brand of conspicuous gigantism is not to everyone’s taste, as it’s been on and off the market since 2009, and has recently suffered a PriceChop of $400K. It’s now asking $5.499M, which you’ll be happy to know includes a “pool deck adroned [sic] with a massive custom bronze sailfish”.

 

 

read more….

 

http://curbed.com/archives/2014/05/29/pomo-90s-time-capsule-wants-55m-in-south-florida.php

Cambridge leads the way in regional housing boom | North Salem Real Estate

Leave a reply

 

Eastern Massachusetts appears headed toward another housing boom that could turn out bigger than the last one as frenzied real estate activity near Boston begins to spread to outer suburbs and beyond, economists and housing specialists say.

The projection is based on trends in communities that historically have led the region’s housing market, particularly Cambridge. The red hot market there has already pushed the median price 30 percent above the pre-recession peak and housing specialists say it’s only a matter of time before other cities and towns follow.

“Traditionally, Cambridge and other areas in or near Boston are first to explode in housing prices, then it spreads to Route 128 and eventually even further out,” said Mark Hickey, an economist at CoStar Group, a real estate research firm in Boston. “Cambridge is kind of the canary in the coal mine.”

The Cambridge housing market has become so hot over the past 18 months that buyers are paying an average of 4 percent above the asking prices of sellers, according to data compiled by CoStar. By comparison, sale prices in Cambridge never exceeded average asking prices during the last decade’s housing boom — or the housing boom that accompanied the dot-com era of the 1990s, data shows.

Homes for sale in Cambridge now last only about eight days on the market before they’re snapped up by buyers, compared to the norm of 50 to 70 days during the last housing boom, according to CoStar. Even at the very peak of last decade’s housing frenzy, Cambridge homes still took more than a month to sell on average.

 

 

read more…

 

http://www.bostonglobe.com/business/2014/05/19/boston-and-beyond-another-housing-boom-way-maybe-bigger-than-last-one/OnYyr5v5gme8JWjHBcHMyJ/story.html

6 states and 13 metros with the biggest slow-down in sales | North Salem Real Estate

Leave a reply

 

Despite the annual increase in residential sales volume nationwide reported Wednesday, data from RealtyTrac shows that the sales volume in March decreased from a year ago in six states and 21 of the nation’s 50 largest metro areas.

Nationally, home sales slipped 0.2% to a seasonally adjusted annual rate of 4.59 million in March from 4.6 million in February, and are 7.5% below the 4.96 million-unit pace in March 2013.

Last month’s sales volume remained the slowest since July 2012, when it was 4.59 million.

Major metros with decreasing sales volume from a year ago included:

  1. San Jose (down 18%)
  2. San Francisco (down 15%)
  3. Los Angeles (down 14%)
  4. Rochester, N.Y., (down 14%)
  5. Sacramento (down 13%)
  6. San Diego (down 12%)
  7. Orlando (down 12%)
  8. Las Vegas (down 12%)
  9. Providence, R.I. (down 12%)
  10. Phoenix (down 11%)
  11. Riverside-San Bernardino, Calif. (down 11%)
  12. Hartford, Conn., (down 10%)
  13. Boston (down 8%)

For the states with the biggest declines in sales volume, and the cities that have experienced the biggest price recovery, click below.

 

 

read more…

http://www.housingwire.com/articles/29788-states-and-13-metros-with-the-biggest-slow-down-in-sales

50 Photos to Celebrate the Start of the 1964 World’s Fair | North Salem Real Estate

Leave a reply

 

50 images

Fifty years ago today, all eyes turned to Queens for the gala kick-off to the  1964 World’s Fair. It was an event whose size and scope were unparalleled, leaving New Yorkers and others today with countless indelible memories. Fast-forward half a century, and one of the last structures specially built for the fair that is still standing, the New York State Pavilion, was just named a “national treasure” by the National Trust for Historic Preservation. The pavilion opened to the public today for the first time in decades. While Curbed will soon have photos of the architectural relic in its current decrepit state, let’s fete the fair’s 50th anniversary with a collection of 50 historic photos shot when all the attractions were in their prime. Culled from the archives of the New York Public Library, the Queens Museum, and personal collections shared online, the images show the construction of iconic Unisphere, the international pavilions, the elaborate “Futurama” show from General Motors, and much more.

 

 

read more…

http://ny.curbed.com/archives/2014/04/22/50_photos_to_celebrate_the_start_of_the_1964_worlds_fair.php

New Mortgages Fall to 14 Year Low | North Salem NY Real Estate

Leave a reply

 

In yet another sign the recovery is hitting a wall due to strict lending standards: in February monthly mortgage originations dropped to the lowest level in at least 14 years as credit standards have not shown signs of loosening, according to latest Mortgage Monitor Report from Black Knight Financial Services.

“February’s data showed the continued trend of declining origination activity we’ve been observing since mid-2013, with monthly originations falling to their lowest recorded point since at least 2000,” said Herb Blecher, senior vice president of Black Knight’s Data and Analytics division.

“In spite of this decline, residential real estate sales have remained strong due at least in part to investor activity and the fact that cash sales account for almost half of all transactions. In addition, while total transaction levels were flat on a year-over-year basis, traditional (or “non-distressed”) sales were up almost 15 percent from last year as the share of distressed transactions continues to decrease.  Credit standards have shown little sign of easing — only about 30 percent of 2013 loans went to borrowers with credit scores below 720 — which indicates that significant opportunity to expand mortgage origination activity is available, if risk appetites allow.

 

http://www.realestateeconomywatch.com/2014/04/new-mortgages-fall-to-14-year-low/