Tag Archives: Pound Ridge NY Real Estate

Pound Ridge NY Real Estate

Catching Great Yogi Berra Lists Longtime Home Base in N.J. | Pound Ridge Real Estate

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Location: Montclair, N.J.
Price: $888,000
The Skinny: Set aside any preconceived notions of what the home of an octogenarian baseball player with a propensity for folksy malapropisms should look like, and you won’t be surprised at the restrained, charming interior of the long-time home of legendary Yankees catcher Yogi Berra, which just hit the market in Montclair, N.J. The relatively tasteful look of the home just might spring from the influence of his late wife, Carmen, who was known for her elegance and of whom he once remarked, “I guess I’ve got a smart wife.” Home to the pair (who were married for over 65 years!) from 1974 until her passing in March, the former Yankee great is reported to now be looking to downsize. Though as the voluble Hall of Famer would say, “A nickel ain’t worth a dime anymore”, the asking price of $888K isn’t bad for a 112-year-old, six-bedroom home less than 25 miles from Yankee Stadium, especially one as obviously well cared-for as this one.

 

 

 

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http://curbed.com/archives/2014/05/02/catching-great-yogi-berra-lists-longtime-home-base-in-nj.php

 

 

 

 

Spring clean your way to being fit | Pound Ridge Real Estate

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Skip the gym and bust out the broom: These household activities torch up to 200 calories in just 30 minutes—nearly double the amount you’d burn pumping iron in the gym. Keep the routine up on a weekly basis and you’re bound to banish both extra clutter and inches. Read on to find out which projects will put a dent in your to-do list and prep your body for spring’s skin-baring clothing.

 

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http://healthyliving.msn.com/fitness/spring-clean-your-way-to-fit

Gallup: Most investors see real estate as best long-term bet | Pound Ridge Real Estate

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Real estate is considered by most investors one of the best long-term bets, with stocks trailing slightly as the market enters a sixth bull year and many have been nervous about how long the run will go.

Indeed, Gallup said recent volatility in the stock market may have tarnished stocks’ image as the best long-term investment option, according to the survey, conducted April 3-6, which published April 17.

Gallup said rising house prices are just one reason why Americans are putting their bucks back into houses. In 2002, during the real estate boom that came ahead of the mortgage crisis and before gold was offered as an option, half of Americans polled gave real estate the best-investment nod. Sales trends for new homes are at historically low levels, while prices have run up more than 13% over the past year.

 

 

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http://www.housingwire.com/articles/29741-gallup-most-investors-see-real-estate-as-best-long-term-bet

Fixed Mortgage Rates at Six Week Low | Pound Ridge Real Estate

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Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates easing further for the second consecutive week helping to increase home buyer affordability at the onset of the spring home buying season.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.27 percent with an average 0.7 point for the week ending April 17, 2014, down from last week when it averaged 4.34 percent. A year ago at this time, the 30-year FRM averaged 3.41 percent.
  • 15-year FRM this week averaged 3.33 percent with an average 0.6 point, down from last week when it averaged 3.38 percent. A year ago at this time, the 15-year FRM averaged 2.64 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.03 percent this week with an average 0.5 point, down from last week when it averaged 3.09 percent. A year ago, the 5-year ARM averaged 2.60 percent.
  • 1-year Treasury-indexed ARM averaged 2.44 percent this week with an average 0.5 point, up from last week when it averaged 2.41 percent. At this time last year, the 1-year ARM averaged 2.63 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 continued to ease this week as housing starts rose 2.8 percent in March but not as much as expected. Also, permits fell 2.4 percent in March to a seasonally adjusted annual rate of 990,000, which followed a slight downward revision of 4,000 permits in February.”

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation’s residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Additional information is available at FreddieMac.com, Twitter @FreddieMac and Freddie Mac’s blog FreddieMac.com/blog.

Captain Courageous Style in Massachusetts | Pound Ridge Real Estate

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Karen Swanson’s historic Manchester, Massachusetts, home was built in 1850 by a prosperous local sea captain named John Carter, and although most of the house has the architectural detail of that period, the kitchen was a relic of the 1950s (or thereabouts). Swanson, owner of New England Design Works and an award-winning kitchen designer whose personal tastes are more modern, made a kitchen that straddles the line between traditional and contemporary, with a small nod to the home’s original owner.
Kitchen at a Glance Location: Manchester, Massachusetts Size: 280 square feet (26 square meters) Photography by Evan White

The old kitchen had fixtures and finishes that had given up the ghost. The room stood in front of a large utility room.
AFTER: Swanson took over the utility room, gaining workspace and allowing more natural light to enter the kitchen through two exterior windows. A no-longer-working brick chimney lies behind the oil painting. The bricks could not be removed, so Swanson stuccoed over them and tucked a small laundry room behind the old structure.

Down to Earth Farmers Markets | Pound Ridge Real Estate

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Hudson River Apiaries + Potted Flowering Plants in Ossining;                           Indian Chutneys, Olive Oil, Pasta in Mamaroneck + MORE April 10-16th, 2014 Down to Earth Markets
Earlyspring-lettuce
What’s New and On Special This Week
Frozen Kofta, Rajma,                                     Roti Roll, Saag, & Samosa Bombay Emerald Chutney Co.
Gluten Free Cinnamon Raisin Swirl Bread                                     New recipe! Meredith’s Bread
Gluten Free Reverse                                     Chocolate Chip Cookies Meredith’s Bread
Green Leaf Lettuce Gajeski Produce 		Loose Leaf Spinach John D. Madura Farms
Hot Cross Buns Bread Alone
Micro Arugula Gajeski Produce
Parisian Baguette – On Sale! Reg. $3.25; now $2.75                                     Orwasher’s Bakery		 Passover Orders Order by 11 am on Friday; pick up Saturday at Mamaroneck Market! See details below Flourish Baking Company
Potted Flowering Plants John D. Madura Farms
Potted Herbs & Lettuces Gajeski Produce
Romaine Lettuce Gajeski Produce Spring Cookies and Cupcakes Meredith’s Breads
Click on a Market to see all vendor and event details…

    Westchester County
Mamaroneck Winter                                     Saturdays, 9:00 am-1:00 pm St. Thomas Episcopal Church                                     168 West Boston Post Road (at Mount Pleasant Ave) Ossining Winter
Saturdays, 9:00 am-1:00 pm At the corner of Spring & Main                                     in downtown Ossining		Headed to the city soon? Visit a Down to Earth                                     Farmers Market in NYC!
Announcements
Mamaroneck – Now OUTDOORS – Music & More
This Saturday help us welcome Brian Vegh with his Celtic fiddle tunes.                         He’ll add music to the market’s lively outdoor atmosphere from 10 am to noon!                         Also, April is Fair Housing Month, and in its honor, we’re happy to host Westchester Housing Opportunities. They will distribute information about local fair housing laws, answer community questions, and more.
Hosting for Passover?                         Flourish Baking Company has you covered. Place your Passover order with them by tomorrow (4/11) at 11am, and then pick it up from 9 am to 1 pm at the Mamaroneck Farmers Market on Saturday. Find their full menu here. [Warning: You WILL get hungry upon reading it.] Give them a call at 914-725-1026 or email info@flourishbakingcompany.com to order. ENJOY!
                         Stay tuned to all market happenings via our Down to Earth Markets Facebook page                           and follow us on Twitter @DowntoEarthMarkets

 

 

 

 

 

Man Achieves Perfect Credit Score, Issues Press Release | Pound Ridge Real Estate

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It must be like bowling a perfect game, pitching a no-hitter or scoring a hole-in-one. You want to tell everyone, take pictures and put your name in lights. Achieving a perfect FICO credit score of 850 was such a big deal to one man, he issued a press release.

SubscriberWise announced today that company founder David Howe has obtained a perfect credit score of 850. The FICO score, the most commonly accepted credit measurement among U.S. lenders, ranges from a low of 300 to a high of 850 – the higher the better.

 

 

http://www.mainstreet.com/article/moneyinvesting/credit/debt/man-achieves-perfect-credit-score-issues-press-release?puc=yahoo&cm_ven=YAHOO

Twelve of 20 tracked cities post drops | Pound Ridge Real Estate

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WASHINGTON (MarketWatch) — U.S. home prices slipped in January for a third straight month after a particularly harsh winter, according to data released Tuesday, as strong year-over-year appreciation showed signs of moderating.

U.S. home prices ticked down 0.1% in January, with 12 of 20 tracked cities posting drops, according to S&P/Case-Shiller’s 20-city composite index. After seasonal adjustments, home prices in January rose 0.8%. Separately, the Federal Housing Finance Agency reported that prices rose 0.5% on a seasonally adjusted basis in January. The FHFA bases its home-price gauge on information from mortgages sold or guaranteed by Fannie Mae/quotes/zigman/226360/delayed/quotes/nls/fnmaFNMA+2.63% and Freddie Mac/quotes/zigman/226335/delayed/quotes/nls/fmccFMCC+2.65% .

On a year-over-year basis, home prices rose 13.2% in January, down from 13.4% in December and a recent peak of 13.7% in November, according to the Case-Shiller data.

“The housing market is showing signs of moving forward with more normal price increases,” David Blitzer, chairman of the index committee at S&P Dow Jones Indices, said in a statement.

Including January, prices remained about 20% below a 2006 peak.

 

 

http://www.marketwatch.com/story/home-prices-decline-for-third-month-in-january-2014-03-25?siteid=yhoof2

Homeowners are Refinancing with Ultra Cheap Rates | Pound Ridge Homes

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Homeowners are becoming increasingly savvy, and many are surprised to learn how much they’e able to save on their mortgage while refinancing with lending finder services. For example, the average reduction was a savings of about 33% last year. On a $200,000 loan, that translates to an average savings of $3,600 in their first year. And with the low rates, 39% of homeowners were actually able to shorten their loan terms as well.

Visiting any number of these services, such as LendingTree, has consistently surprised homeowners how low the rates have become. Historic lows are still prevalent, but economists believe rates are gradually moving up throughout the year. In mere moments, homeowners are finding out just how much they can save by refinancing. Most importantly, homeowners can compare rates from multiple lenders who they’re matched up with based on their specific needs and limitations.

 

http://www.dailymortgagemonitor.com/tbla/mortgage.html?esourceid=6134136&cchannel=display&csource=Taboola&cmethod=&cname=189161334725111812&ccontent=&cterm=LendingTree___display_campaign&mpch=ads

Why credit is continuing to ease up in the mortgage market | Pound Ridge Real Estate

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Is credit beginning to thaw?

Average FICO scores are finally starting to fall. After plateauing at 750 for most of late summer and fall, average FICO scores for approved loans have fallen to 724, which is approaching normalcy. During the bubble years, credit was very lax, and average FICO scores were around 720 for 2006, 2006, and 2007. After the bubble burst, credit became very tight, and average FICOs increased to 757. Now that the refinance market is drying up and lenders are taking more risk in order to drive business.

The Consumer Financial Protection Bureau had hoped that the new Qualified Mortgage (or QM) rule would have eased credit conditions somewhat. The QM rule sets standards for new mortgages that codify the “ability to repay” rules. Exotic mortgages—like negative-amortizing (pick-a-pay) loans or high-cost loans—are ineligible for qualified mortgages. The CFPB has set a debt-to-income ceiling of 43%. FICO scores aren’t part of the equation. In return, borrowers are unable to sue a lender if they end up defaulting. Credit is becoming easier to get. But the question is whether that’s due to home price appreciation or due to the QM rule.

 

http://finance.yahoo.com/news/why-credit-continuing-ease-mortgage-171607986.html