Tag Archives: Westchester Homes for Sale

Westchester Homes for Sale

Price appreciation picks up in emerging real estate markets | Bedford Hills Real Estate

The release of the latest S&P/Case-Shiller Home Prices Indices turned out to be anticlimatic as rising mortgage rates spooked the market a bit, causing home price appreciation to subside a bit in key markets.

On the other hand, markets once considered ‘struggling’ saw their prices soar.

The June S&P Case-Shiller report, while still impressive, fell slightly showing a 12.1% gain in home prices year-over-year. That is still comparable to the 12.2% annual home price gain recorded in May — the largest gain recorded since March 2006.

“Case-Shiller put up some big numbers in June, but more current data shows the pace of monthly home value appreciation slowed in both June and July, likely as a result of mortgage rate increases,” said Zillow (Z) Chief Economist Dr. Stan Humphries. “We expect even the Case-Shiller index will begin to show this trend when its July data finally comes out in September, but it will be more muted since the index is looking at a three-month average.”

There are two main drivers in the housing industry right now: consumer demand and interest rates, said Quicken Loans chief economist Bob Walters. “Despite rising rates and higher home prices, consumers continue to buy. Today’s 7.1% increase in the second quarter suggests the housing market is improving, supporting the U.S. economic recovery,” he explained.

But what really stood out to some observers is how once outperforming cities are starting to see home prices subside.

“What we are seeing is that the cities that are spiking the most are not Washington D.C., which is really interesting,” said Anthony Sanders, professor of finance in the school of management at George Mason University. Sanders implied that once thriving markets have since leveled off.

On the other hand, markets once doing far worse are starting to see substantial improvement.

Atlanta saw the most home price growth, up 3.4% in June, with Chicago close behind with a 3.32% gain. Las Vegas and San Diego followed with 2.8% and 2.79% monthly gains, respectively. Sanders runs his own blog in which he goes deeper into the data. Washington D.C. grew at a more mild 1%.

The emergence of once distressed markets became clear as cities like Las Vegas saw rapid price appreciation.

“In terms of annual rates of change, San Francisco lost its leadership position with Las Vegas showing the highest post-recession gain of 24.9%,” said David Blitzer, chairman of the index committee at S&P Dow Jones Indices.

According to Sanders, this is an indication that speculators are starting to pull out of the West Coast cities and move into markets that have yet to reach such high home prices. “It has to be investors driving this up,” he said. “This is an unusual switch.”

 

 

Price appreciation picks up in emerging real estate markets | 2013-08-27 | HousingWire.

Rustic Lakefront Living in Northern California for $29M | Pound Ridge Real Estate

Location: South Lake Tahoe, Calif.
Price: $29,000,000
The Skinny: Despite an address in the town of South Lake Tahoe, this 77-acre wooded property actually fronts on the much smaller Fallen Leaf Lake, a pristine glacial lake that lies a mile south of Lake Tahoe. Equipped only with a rustic cabin that dates to the 1920s, the property has been listed for a whopping $29M. Of course, one would expect that a buyer with eight-figure budget will build a monstrosity on the property—like the nearby Lake Tahoe estate that once wanted $100M—but the pristine land has been subdivided into three lots, meaning developers may take interest too. Those rich folks just looking for a little peace and quiet would also be satisfied with this lakeside retreat. According to the listing, the nearest neighbor is nearly a mile away.

 

 

Rustic Lakefront Living in Northern California for $29M – House of the Day – Curbed National.

90 Stories Above Manhattan, This Pad Has a 30′ Waterfall | Waccabuc Real Estate

ODAapt.jpg
[All renderings by ODA.]

This apartment, located somewhere 90 stories above Manhattan, is apparently “one of the largest private apartment residences in the United States,” according to the blurb from ODA-Architecture, which handled the apartment’s interiors. We’re not sure exactly when the renovation took place, but we stumbled on it yesterday courtesy of one helpful Curbed tipster, and it’s the kind of apartment that’s worth our attention regardless of timing. The property is 18,000 square feet, with six bedrooms and 12 bathrooms. Then there are the quirkier features, which include a theater and music room, private spa and gym, teahouse, 2,000 bottle wine room, sculpture garden, and 30′ waterfall with reflecting pool. Each of those amenities deserves to be followed by an (!) or two. And the archibabble reveals a little bit more:

With a perimeter of 16′ foot floor- to-ceiling windows, the essence of the apartment is the sculpture garden at its entrance. The garden features a spectacular 30′ water wall and reflecting pool overlooking the famed United Nations headquarters along the East River. This superlative dwelling also features a 75′ expanse of living and dining area along with a Italian kitchen, library, game room, day spa, home theater and professional grade listening room with recording studio.

ODAapt2.jpg

ODAapt3.jpg

The ODA listing for the project does not, of course, disclose the apartment’s owner. Our tipster wonders if the apartment in question is the three-unitpenthouse duplex at Trump World Tower, which sold back in 2007 for $33.654 million. The square footage doesn’t quite add up, though—anyone have any insight?
· Private Residence [ODA]
· Trump World Tower coverage [Curbed]

 

 

90 Stories Above Manhattan, This Pad Has a 30′ Waterfall – Renovations – Curbed NY.

Home Security Systems and Alarm Systems | Cross River Homes

Doors

Home security systems are only as strong as their weakest link, and if you set up equipment that’s too complicated for household members to use, they are likely to ignore the equipment or work around it. Remember that the people in your home are part of any security arrangements you make, so you have to be realistic about how much hassle they are willing to accept in the name of security.

1. Be sure your home appears occupied.

Most thieves are opportunistic. They come into a neighborhood and look for houses that seem undefended and unoccupied. An important part of home security is making your home look occupied at all times.

One big clue that you are out of town is if your mail or newspapers are piling up. Never allow newspapers to accumulate in the front yard.

Interior lights are also important in making a home look occupied. Not only should some lights be on, but the array of lights should change just as it would if the home were occupied. The easiest way to do this is with timers.

Another very simple way to make a house appear occupied is to leave on a TV or radio with the volume turned up loud enough to be heard by someone approaching the doors or windows.

Leaving a car in the garage or driveway can also be a deterrent. If you are going on a trip and not leaving a car at home, you might want to make arrangements with the next door neighbor to park one of their cars in your driveway while you are away.

2. Create perimeter defenses.

Another important home security measure involves making it difficult to get near the home. This is most commonly accomplished by a high wall or fence.

In many parts of the world, this is the primary home security tactic, but it does suffer from some shortcomings. Generally, it is easier to sneak undetected over or under a wall or fence than it is to force entry into a home.

Yet perimeter defenses often give occupants of the home a false sense of security that may lead them to get sloppy about locking doors and windows. For this reason, perimeter defenses are most effective when they are either very difficult to penetrate or are augmented by cameras and/or motion detectors.

3. Be sure all entrances are well lit.

For most homes, perimeter defenses like walls and fences are of little use. Most people assume that the next line of defense is doors and windows, but there is something that comes first. It’s based on the simple fact that thieves want to do their work where no one can see them. This means you want to make sure the outside of your home is well lit – especially at any potential points of entry. An effective solution is motion detector lights. These inexpensive devices can be set up to turn on whenever something moves near it.

4. Install deadbolts and peepholes on doors.

Most home security measures are concentrated on doors. With doors, the two main issues are structural integrity and locks.

Recommended for exterior doors, deadbolt locks are substantial locks that lock the door into the frame. Deadbolts come in keyed versions, which always require a key, and levered versions that only require a key to open from the outside. If no glass is nearby, the lever version is best as it is more likely to get used.

There are many facets to your ensuring your personal home security. Click this link if you want to use our free service to have any of our prescreened home security contractors install home security measures.

Sliding glass doors present a special challenge. Most are vulnerable to breakage. The simplest security enhancement is to place a metal bar or broom handle in the inside floor track. Some sliding doors can simply be lifted out of their tracks. There are screws at the top and bottom of the inside of the door that control how it sits in the track. Adjust these so that the door cannot be lifted so high that the bottom comes free from the track.

Every front door should be equipped with a peephole. This is a very inexpensive, easy to install device that allows you to check out a visitor before you open the door. For the same reason, an intercom can allow you to communicate with a caller before deciding whether to open the door or deactivate an alarm.

5. Secure your home’s windows.

While your home may only have two or three doors, it may have a dozen or more windows. Burglars know that if you systematically check all the windows in a house, there is a good chance that at least one will remain unlocked.

Most standard window locks are very simple to jimmy or force. Heavier locks will improve your home security quite a bit. Another simple, inexpensive tactic that is effective for double hung windows (those with two sliding panels that go up and down or side to side) is window pins. There are specially made pins, or large nails can easily be used.

6. Remember your home’s other points of access.

Exterior doors and windows are not the only access points to most homes. Many thefts take place through garages. Besides having valuable items stolen from the garage, the door that goes from the garage to the house is often unsecured or not substantial enough to stop a burglar.

Check also to see if skylights, crawl spaces, attic vents, and other openings may provide burglars with unrestricted access to your home.

7. Consider installing an alarm system.

Alarm systems offer little in the way of physical obstacles to thieves. Instead they offer an important psychological one.

In a neighborhood with an efficient police force, the alarm substantially increases the odds that the thief will get caught. Even in areas where police response times are slow, the noise and attention of an alarm may well dissuade the burglar from finishing his mission.

The cost of alarm systems varies widely. A burglar easily can disable some of the simpler, less expensive detection devices. The more complex and unfamiliar the array of devices, the more likely the burglar is to trigger the alarm or give up trying to disable it.

Response times to alarms are driven by several factors. First is the effectiveness of the monitoring service you’re using. When considering a monitoring service, get the names of people who have had the opportunity to observe response times in the past.

The second factor is the protocol you request that the monitoring service use. Who do you have them call in what order? In some cases, you might do better to alert a helpful neighbor than to alert an unresponsive police force.

The third factor is the 911 services in your area. Most work well and a few don’t. While you have no direct control over the 911 services, you may be able to draw attention to the problem and seek a solution through the political process.

8. Keep a record of your valuables.

Most area police departments encourage homeowners to etch their social security number on the metal surfaces of valuables that are prone to theft. When police come across marked stolen merchandise, they can easily find the true owner and return it. Photographs of especially valuable items like artwork and antiques can help police recover goods.

Read more: http://www.homeadvisor.com/article.show.8-Steps-to-Better-Home-Security.10577.html&m=homesense&entry_point_id=26787158#ixzz2eKGOwoCN

 

 

 

Home Security Systems | Alarm Systems.

Living Off the Grid and Thriving! | Katonah NY Homes

Michelle and Cam are living off the grid entirely at Sunflower Farm, their homestead in Eastern Ontario.

PHOTO: CAM MATHER

 

More than a decade ago, my wife, Michelle, and I moved from a busy suburban street to 150 acres in the Ontario bush, where our nearest neighbors are three miles away. Ditto for the nearest utility pole. We’d transitioned to living off the grid with little knowledge about renewable energy — or electricity, for that matter — and had to quickly put into practice our home-schooling mantra of “lifelong learning.”

To say that the learning curve was steep is an understatement. Back then, there were no good books on the subject of renewable energy for homes, and the information you could find was pieced together by pioneers who were learning as they went along. Consulting with any local electrician was a waste of time, so we learned by the seat of our pants. Luckily, we developed a network of helpful and skilled friends along the way. We came to realize that the more things we learned to do ourselves, the more independent we would become, which is the theme of the book I’ve just written, Thriving During Challenging Times: The Energy, Food and Financial Independence Handbook.

As we begin to experience the converging challenges of resource depletion, climate change, and the ongoing financial crisis, we need to make ourselves more resilient to shocks to the system.

If you do decide to go off the grid, generating your own electricity from the sun and wind provides an incredible sense of well-being — not only from a sense of independence, but also from the realization that you aren’t using any electricity that comes from coal. Powering your home with renewable energy is a huge step toward reducing your carbon footprint. We started with a fairly small solar-electric system that the previous owners of our home had installed, and we’ve steadily added more panels. As we learned more about peak oil, we were determined to reduce our use of nonrenewable fossil fuels for both cooking and powering our gasoline generator; there are times when there isn’t enough sunlight or wind to charge our off-grid batteries, so we use a fossil fuel-powered generator as a backup.

Wonderful Wind, Super Solar

When we moved in, there was an old wind turbine on a 60-foot tower on our property, but several years ago we decided to replace it with a new Bergey 1-kilowatt turbine on a 100-foot tower. We are surrounded by forests (not optimal for wind generation), so putting up a 100-foot tower set the turbine about 30 feet above the trees to capture some of the stronger winds. We decided to film the installation process and sell a video of it via our publishing company, Aztext. I’m a visual learner, and if I could have watched a video of the process of putting all the pieces of our off-the-grid system together, it would have made our efforts go more smoothly.

The new turbine required us to upgrade our battery bank from a 12-volt to a 24-volt system, so we also upgraded our inverter and added more solar panels. In the previous year, we ran our backup generator about 15 times. In the year after we put up the turbine and added solar panels, we ran the generator just twice. This means that, on many days, we now have extra electricity to use for cooking, offsetting our propane use.

Most people who move off grid just move onto propane, substituting propane for all their major heat loads, such as cooking and heating water. We already heat with wood cut sustainably from our property, so using the electric stove helps reduce our propane use as well.

The biggest drop in our propane consumption came when we installed our solar hot water system. It uses solar energy to heat water we use for washing and bathing, and should offset about 60 percent of water heating costs. For most people, this should be the first solar panel they put on their roof, because the payback is much faster than that of photovoltaics. There’s nothing nicer on a cold winter evening than soaking in a bath with water that was heated all day by the sun. After the system is paid for, there are no additional costs, and there are no carbon dioxide emissions created by the energy that heats the water. It’s an incredible, guilt-free luxury.

Many utilities now offer incentives to integrate renewable energy technologies, and with faster paybacks on your investment, you can take the savings from these systems and pay down debt. This was one of our keys to being able to move where we did. We scrimped, saved, and paid off our old mortgage before we left the city. Financial independence allows you to capitalize on the opportunities that will present themselves in the future.

Read more: http://www.motherearthnews.com/print.aspx?id={47AF2418-0348-4C83-A164-280F2EF9170C}#ixzz2eKFnTFTK

 

 

Living Off the Grid and Thriving! – Homesteading and Livestock – MOTHER EARTH NEWS.

How the truly smart home could finally become a reality | Bedford Corners Homes

The promise of the internet of things (IoT) is currently one of the most-hyped trends in technology circles. Back in 2010, Hans Vestberg, CEO of telecom giant Ericsson, boldly predicted that by 2020, 50 billion devices would be connected to the internet. The growing proliferation of connected consumer electronics, the falling costs of cellular-embedded modules and airtime, shrinking chip prices, and the emergence of wireless technologies such as Wi-Fi, ZigBee, and Z-Wave drove this optimism.

The IoT is regularly associated with home automation; however, the market for home energy management systems and smart appliances, which many expected to track the rollout of smart meters and to give rise to truly connected homes, have both failed to take off. Today, many of these products are still involved in small pilot programs. The arrival of a number of glitzy cloud-enabled gadgets like Belkin’s WeMo line and the Nest Learning Thermostat could accelerate things rapidly. These devices, however, aren’t truly IoT; they are connected to the internet but remain isolated from one another.

For the smart home to ignite the IoT, home automation software platform vendors must provide open APIs. SmartThings and future open-API platforms could be the disruptive players that encourage a tidal wave of interconnected things.

Key findings from our analysis include:

  • Do-it-yourself (DIY) kits and high-end luxury installations are creating competition across previously separated home automation sectors. This, coupled with cloud-based services and general-purpose controllers built on apps, is driving much growth. Meanwhile, service providers like telecommunications companies (telcos) and utilities are raising category awareness with low-cost offerings.

  • Extensible software platforms from the likes of Alarm.com, iControl, and AlertMe mean that service providers can introduce new services to end customers over time. A home security-focused solution, like Comcast’s XFINITY Home package, easily can be extended to incorporate home energy management or home health capabilities. Open-API platforms would accelerate this extensibility and enable even more competition.

  • Currently the largest segment, custom-designed smart home systems will grow at only a 7-percent rate, compounded annually, to $2.2 billion in 2017. DIY kits will grow much faster but still only reach $200 million in annual sales by then. In contrast, connected home systems will explode from a $300-million base to $1.5 billion in 2017.

 

 

How the truly smart home could finally become a reality — GigaOM Pro.

Is a 20% downpayment a life saver, a curse or just an arbitrary number? | Chappaqua Real Estate

Former Congressman Barney Frank is now well-retired from the U.S. House, but his aggressive legislative personality lives on, with fights still erupting over Dodd-Frank—the signature piece of mortgage finance legislation that Frank helped draft to reform the housing market and the entire U.S. economy.

One of the standards drafted — the qualified residential mortgage rule – received a facelift in August when new proposals hit the market, suggesting Dodd-Frank’s 20% downpayment requirement for lenders who want to obtain an exemption from risk-retention requirements is simply too high.

As a result, the August proposal, which is largely endorsed by the mortgage finance space, suggested that a loan already considered a qualified mortgage under theConsumer Financial Protection Agency’s definition can escape risk-retention scrutiny, which essentially tramples over the 20% downpayment requirement Dodd-Frank originally envisioned.

But the debate continues, with writers for The Washington Post unleashing a fury by publishing an editorial that accuses financial regulators of capitulating to the will of bankers. The writers attack the proposed QRM rule change, saying:

Two years ago, federal banking regulators proposed to require a 20 percent down payment as one of the criteria of qualified loans. This was consistent with the intent of Dodd-Frank, and with the economic literature, much of which identifies low equity as a reliable predictor of homeowner default. But the requirement was quite inconsistent with the interests of a wide range of lobbies — from real estate agents to low-income-housing advocates — which protested that the rule would unduly limit access to credit and kill the housing recovery. The groups swarmed the regulators; hundreds of members of Congress from both parties wrote in support of them. And so, in the dog days of August this year, the regulators backed down, offering a revised rule that requires no down payment at all.   

The article views the proposed changes as retro and a step backwards. It also raises one of the oldest questions in the industry: does the 20% downpayment requirement really keep a borrower performing or is it something else? At a time when few can save 20% down, the industry fears a virtual freeze-out of many potential homebuyers with such onerous requirements.

 

 

Is a 20% downpayment a life saver, a curse or just an arbitrary number? | REwired.

Armonk memorial brings out ‘silly season’ politics | Armonk Homes

 

It’s been said that all politics is local. Here’s a corollary: All local politics is personal, especially at election time.

Such appears to be the case in the Town of North Castle.

You would think that politics would have nothing to do with honoring the memory of a beloved citizen, a woman who served on the Town Board for more than three decades and by all accounts personified the virtue of civic mindedness.

Becky Kittredge, who died Aug. 26 at the age of 69, was instrumental in getting the town recreation center built. She was a founder of the public library and was a devoted member of the historical society.

Machiavellian-style mischief does not readily come to mind upon consideration of the fact that Kittredge was instrumental in getting the hamlet of Armonk recognized, of all things, as the hometown of Frosty the Snowman.

A Democrat, Kittredge was born in North Castle. She knew everybody and apparently offended no one.

So once again, given her universal acclaim, it’s hard to fathom that Kittredge could be posthumously dragged into a partisan arena.

But that’s precisely what happened — and it has caused a huge outcry in this town of 11,840. And like all partisan disputes, it’s the “other guys” who are to blame.

From interviews and emails, it’s at least clear that the controversy centers on a split decision by the Town Board to not broadcast Kittredge’s memorial service on the town’s public service channel, NCTV. The service was held Friday on the steps of Town Hall.

The board’s decision arrived after an informal discussion and polling conducted through email by Anne Curran, the Democratic town clerk.

Against the broadcast were three Republicans — town Supervisor Howard Arden and Councilman John Cronin and Councilwoman Diane DiDonato Roth. Their reasons included the cost of paying for a videographer and an unelaborated feeling that broadcasting the service was somehow inappropriate.

However, Councilmen Stephen D’Angelo, a Republican, and Michael Schiliro, the board’s sole Democrat, were in favor of the broadcast.

 

Phil Reisman: North Castle memorial brings out ‘silly season’ politics (video) | The Journal News | LoHud.com | lohud.com.

Move facilitating sharing of listings between California MLSs | Katonah Real Estate

Agents with two California multiple listing services — MetroList Services Inc. and i-Tech MLS — will see confidential information about shared listings from the source MLS using a reciprocal deep-linking service powered by realtor.com operator Move Inc.’s “Find” search tool.

Agents at those MLSs — and any others in California that agree to sign on to the service — will see an additional layer of detail about shared listings that includes offers of cooperation and compensation, agent contact information, and showing details, Move said.

MetroList Services is based in Sacramento, and serves more than 17,000 real estate professionals in seven counties — Sacramento, Placer, El Dorado, San Joaquin, Stanislaus, Merced and Yolo. I-Tech MLS is a joint venture of the Glendale Association of Realtors and the Pasadena-Foothills Association of Realtors.

Any MLS in California can participate by contracting with Move for the Find search tool, becoming a party to the reciprocal deep-linking agreement, and implementing the technology on their MLS system, Move said.

“This innovative agreement is a model for MLSs seeking collaborative solutions that meet the business and technical needs of their customers, which are now inseparable,” said Move CEO Steve Berkowitz in a statement. “The agreement and integration is a landmark step towards maximizing the tremendous potential of the Find application by allowing licensed agents to work together across MLSs to access complete listing information in real time to serve their clients.”

MetroList Services President and CEO Tom Beede called reciprocal deep linking “the most cost-effective way to provide real estate agents with access to confidential information on for-sale properties, because it’s free.”

– See more at: http://www.inman.com/2013/09/04/move-facilitating-sharing-of-listings-between-california-mlss/#sthash.VHAWjPB9.dpuf

 

Move facilitating sharing of listings between California MLSs | Inman News.

The Dakota’s Crushed Velvet Paradise Sells for $1.75 Million | Bedford Corners Real Estate

High up in the attic, the first Mrs. Rochester of the Dakota, is a small apartment full of butterscotch-colored crushed velvet, stripes, and palm trees. The unit hit the market in September 2012 asking what seemed a high price: $2 million. (And for one of the building’s former servant’s quarters, no less!) But the apartment entered contract quickly, and a tipster points us to the closing documents for the deal. The Dakota’s unit 80A sold for $1.75 million. The buyer is already the owner of another unit in the building, so perhaps he plans to use 80A as a guest suite, an office, or a place to sit in shorts and pretend it’s summer in December.

dakota80Afloorplan.jpg

· Crushed Velvet and a Palm Tree at the Dakota for $2 million [Curbed]

 

 

The Dakota’s Crushed Velvet Paradise Sells for $1.75 Million – Sold Stuff – Curbed NY.