Tag Archives: Waccabuc Homes

Fixed Mortgage Rates Continue Gradual Climb Higher | Waccabuc NY Real Estate

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Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average mortgage rates mixed with the fixed-rate products moving higher for the fourth consecutive week, while adjustable rate mortgages eased.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.37 percent with an average 0.7 point for the week ending February 27, 2014, up from last week when it averaged 4.33 percent. A year ago at this time, the 30-year FRM averaged 3.51 percent.
  • 15-year FRM this week averaged 3.39 percent with an average 0.7 point, up from last week when it averaged 3.35 percent. A year ago at this time, the 15-year FRM averaged 2.76 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.05 percent this week with an average 0.5 point, down from last week when it averaged 3.08 percent. A year ago, the 5-year ARM averaged 2.61 percent.
  • 1-year Treasury-indexed ARM averaged 2.52 percent this week with an average 0.4 point, down from last week when it averaged 2.57 percent. At this time last year, the 1-year ARM averaged 2.64 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 edged up with new home sales exceeding expectations and rising to a seasonally adjusted pace of 468,000 units in January, the strongest annual rate since July 2008. The 9.6 percent increase in new home sales for January followed an upward revision of 13,000 units in December. The S&P/Case-Shiller® 20-city composite house price index rose 13.4 percent over the 12-months ending in December 2013.”

This modular wall unit holds an entire kitchen | Waccabuc Real Estate

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It’s common to see a hideaway bed change a living room into a bedroom easily, but now Resource Furniture wants to make kitchens covert with its new line of Stealth Kitchen modules. Each unit contains full-size appliances hidden within seemingly normal cabinetry; some of the modules are as small as six feet wide and they all can hold a refrigerator, freezer, sink, dishwasher, microwave, oven, countertop, and extra drawers and cabinets for storage.

Modular furniture isn’t a new trend, but it has become even more popular for its space-saving qualities in the wake of the micro-apartment boom in major cities. Resource Furniture seems to get that, specializing in furniture that does much more than it seems to at first glance, such as a multi-use table that extends from 17 inches to 115 inches, and chairs that become stepladders. The company also made an entire micro-apartment exhibit called Launchpad for the Museum of the City of New York last year, but the Stealth Kitchen seems to be its first crack at an entire room in one piece that you can actually buy.

 

 

http://www.theverge.com/2014/2/25/5445358/resource-furniture-modular-stealth-kitchen

World’s 10 most spectacular university buildings | Waccabuc Real Estate

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If the memory of your university is a somewhat hazy mix of missed lectures, cheap food, empty beer cans and cold, concrete classrooms, you won’t recognize this list.

Hamburg-based architectural data company Emporis recently released a report on what it’s calling “the world’s most spectacular university buildings.”

“Lecture halls at dizzying heights, libraries with glass-domed roofs or crooked seminar rooms with slanting walls — it is not just in the field of learning that universities have plenty to offer, but on an architectural level, too,” the report stated.

The 10 buildings include Lomonosov Moscow State University, the world’s tallest university building at 240 meters; Swanston Academic Building in Australia, which “catches the eye with its wavy and jagged façade”; and Bradfield Hall at Cornell University in the United States, which is “almost entirely windowless.”

The report also describes how old school university buildings are gradually being replaced.

“One by one, chunky relics of the ’60s and ’70s are being torn down,” it states, citing the demolition of the AfE‑Turm in Frankfurt am Main, Germany, which was brought down earlier this month in Europe’s largest inner-city controlled blasting.

 

 

http://edition.cnn.com/2014/02/19/travel/spectacular-university-buildings/index.html?hpt=wo_bn2

Home Sellers Can’t Sell If They Can’t Find a Next Home to Move Into | Waccabuc Real Estate

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There’s some good news for U.S. homeowners in early 2014, especially those who want to sell.

Data from Seattle’s Redfin citing figures culled from 19 major real estate markets show home prices up 14.3% in January from a year earlier. All 19 markets posted gains on home values.

At the same time, there is a lack of homes for sale, with inventory down 9.4% from a year earlier due to a lack of “demand growth,” the company says.

Redfin says only 28% of its customers made an offer on a “for sale” home last month, compared with 42% at the same time in 2013. That’s the case even as homebuyers taking in visits to homes remains stable at 50% — it’s just that those visits aren’t leading to offers.

Home sellers are still bullish.

The number of American homeowners who say “now is a good time to sell” rose 4% in January. Holding them back is a fear that they won’t be able to find a good deal on a next home.

“Most of my home-selling clients worry the most about what will happen after they sell,” says Paul Stone, a Denver real estate agent. “With so much competition in the market, they fear they will have to move in with their in-laws if they can’t find their next home quickly.”

 

http://www.thestreet.com/story/12402063/1/home-sellers-cant-sell-if-they-cant-find-a-next-home-to-move-into.html?puc=yahoo&cm_ven=YAHOO

Yolanda Foster Selling “Dream Home” Due to Battle With Lyme Disease | Waccabuc NY Homes

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Yolanda Foster explains to Us Weekly why she’s decided to sell her Malibu mansion. “This is our dream home, but due to my battle with Lyme disease for the past two years I just don’t have the strength to run this almost 5-acre property anymore and should really focus on my recovery with as little stress as possible,” she tells Us. “My daughter Gigi moved to New York last July and my Bella will move this July, so it will be just the two of us with my 14-year-old son, Anwar.”

ORIGINAL STORY:

Yolanda Foster is saying goodbye to her lemon trees. The Real Housewives of Beverly Hills star and her husband, Grammy-winning musician David Foster, have listed their Malibu, Calif. mansion for $27.5 million, real estate site Trulia reports.

On Bravo’s Real Housewives of Beverly Hills, Yolanda, 50, and David, 64, have frequently been filmed hosting extravagant dinner parties in their stunning 11,622 square feet custom-built home. The estate has a jaw-dropping ocean view and a gorgeous infinity pool.

 

The property also features orchards of citrus and avocado trees. On her reality show, Yolanda has been seen picking lemons from her trees for her Master Cleanse diet. The Dutch model also showed off her glass refrigerator in her gourmet kitchen.

 

http://celebrity.yahoo.com/news/yolanda-foster-husband-david-foster-list-malibu-mansion-005000267-us-weekly.html