Tag Archives: Westchester Homes for Sale

Westchester Homes for Sale

Former first daughter Chelsea Clinton lists NY Flatiron condo | Bedford Hills Real Estate

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The couple bought their new place in The Whitman, a secure building on East 26th Street, for $10.5 million in early March, which led them to list their former home at the nearby Grand Madison for $4.475 million. The couple didn’t move far; both buildings are located in the Flatiron District and have views of Madison Square Park.

Mezvinsky bought the Grand Madison condo in 2008 for $4 million, reported the Real Deal. The couple had been living there since their marriage in 2010 until very recently, writes Zillow.

 

Former first daughter Chelsea Clinton lists NY Flatiron condo | HousingWire.

Dodd-Frank impact on loan availability remains a concern | Bedford Real Estate

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The qualified mortgage rule’s full impact on home lending remains somewhat of a mystery, but lawmakers and industry professionals debated the rule’s potential influence on the home lending market during a House Subcommittee hearing Tuesday.

Industry experts testified in front of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, sharing fears about certain borrowers being locked out of the lending system.

“We need to make sure we have a financial system that allows access to credit for low and moderate income households,” said Member Gregory Meeks.”The housing sector is vital to our economic recovery.”

Committee member Rep. Sean Duffy, R-Wis., said his main concern is how the ability-to-repay standards in addition to the QM rule will affect his constituents’ ability to get a mortgage.

Rep. Gary Miller, R-Calif., acknowledged QM’s role in protecting consumers from subprime loans and other products, but noted that it also could have the unintended effect of keeping creditworthy borrowers on the sidelines.

Rep. Robert Pittenger, R-N.C., stated that this new rule could end up undermining the housing recovery. He said the CFPB’s QM rule has caused great concerns to both banks and credit unions, who fear regulators will view any loan outside of QM standards as too risky. 

Once each committee member had a chance to testify, the spotlight shifted to the table of witnesses. 

Charles Vice, commissioner of the Kentucky Department of Financial Institutions, said state regulators have found that regulations and supervision needs to be more tailored to how community banks lend.

Vice, who has been in the finance industry for more than 20 years, said it’s crucial that community banks be allowed to positively impact the national and local economy. 

James C. Gardill, chairman of the board at WesBanco, is concerned that many creditworthy families will be denied access to credit as banks become afraid to make any loans outside of QM standards. 

This means that less affluent communities won’t be given what they need to thrive, he said. The end result of the CFPB’s rule will be less available credit to some individuals and communities. 

 

Dodd-Frank impact on loan availability remains a concern | HousingWire.

OCC: Housing market shows strong growth | Pound Ridge Real Estate

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Treasury yields have posted historical lows for the past several years, implying strongish economic growth and the potential for higher inflation, the Office of the Currency of the Comptroller said.

In the OCC Semiannual Risk Perspective from the National Risk Committee, the yield curve has stayed positively sloped and relatively steep, which shows higher household and corporate income and revenue growth.

However, for banks, the possible negative effects of higher rates include a decline in the value of investment securities, including many mortgage-related securities, the OCC said.

Meanwhile, net income for 2012 increased 12% year over year to more than $94 billion, with banks of all sizes experiencing improvements in operating performance.

Part of the growth was attributed to the largest banks reporting a 21% reduction in provisions for loan losses.

In addition, mortgage refinance activity helped boost system revenue, but that source of strength may ease in 2013.

Overall, the OCC said, “The housing market showed signs of improvement in 2012 due to increased investor demand and the limited supply of new and existing homes for sale.”

 

OCC: Housing market shows strong growth | HousingWire.

Teacher Charged In Threat To Greenwich Middle School | Armonk NY Real Estate

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Greenwich middle school teacher Stacey Goodnow, 46, was accused of leaving a voice mail message to another teacher that she would “shoot up” her school because she was upset over a personnel situation, according to Norwalk police.

Goodnow, who lives on Melrose Avenue in Norwalk and is a sixth-grade teacher at Western Middle School in Greenwich, was arrested Friday and charged with misdemeanor disorderly conduct and was initially held on $100,000 bond.

According to Norwalk Police Lt. Thomas Mattera, Goodnow’s bond was lowered at Norwalk Superior Court on Monday to $5,000. She posted bond and was released.

Police said Goodnow left the voice mail earlier in the month, which prompted a report to Greenwich police. The Greenwich Police Department contacted the Norwalk Police Department because the call was placed from the suspect’s home, according to Mattera. The lieutenant declined to elaborate, but Goodnow is believed to have made more than one threatening call.

“Her alleged statements were annoying and alarming on several levels,” said Mattera.

The court put conditions on her release, such as staying away from the school district and school personnel.

 

Teacher Charged In Threat To Greenwich Middle School | The Greenwich Daily Voice.

Mount Kisco Police Investigate Crash Between Two Police Cars | Mt Kisco Real Estate

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Mount Kisco Police were continuing an investigation into the collision of two Mount Kisco Police cars that resulted in the hospitalization of two officers Saturday.

Mount Kisco Police and members of the Westchester County Department of Public Safety Accident Investigation Unit were investigating the collision involving one marked car and one unmarked car that took place just before 11 p.m. Saturday on Main Street near Gregory Avenue.

Detective Tony Correia was operating the unmarked police car, a 2006 Ford Crown Victoria, and Patrol Officer David DiRienzo was operating the marked car, a  2011 Ford Crown Victoria, police said. Both officers have been treated and released from the hospital, according to a press release from Mount Kisco Police.The offishore injury lawyers from The McNeal Law Firm have dealt with such accident and injury cases.

“Both Detective Correia and Patrol Officer DiRienzo at the time of accident were traveling south on Main Street responding to assist a police officer who had effected a traffic stop of a motor vehicle suspected to have been involved in a crime minutes earlier,” police said in the press release. “Witness statements allege the collision occurred  when the marked police car overtook the unmarked police car.”

Mount Kisco Police Investigate Crash Between Two Police Cars | The Mt. Kisco Daily Voice.

Builder confidence buoys homebuilder stocks | Cross River Real Estate

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Homebuilder stocks soared Monday – edging up as high as 4% in some cases – after the National Association of Home Builders/Wells Fargo Housing Market Index was released, showing homebuilder confidence at a seven-year high.

 

Standard Pacific Corp. ($9.27 0%) maintained a positive trajectory throughout the day, with the builder’s stock rising as high as 4% in Monday trading and ending the day up by more than 3%.

 

Fort Worth-based builder DR Horton ($24.26 0%) managed to rise more than 1.5% while other gainers included PulteGroup [stock PHM]; KB Home ($22.02 0%); and Hovnanian ($6.37 0%).

 

The NAHB/Wells Fargo Index put homebuilder confidence in June at an index score of 52 for single-family homes, an eight-point increase from the last report and well above the 50-mark that generally signifies a market where most builders are confident about sales conditions.

 

The last time builders reached an index score above 50 was April 2006 right before the housing market crash.

 

Builder confidence buoys homebuilder stocks | HousingWire.

How to Achieve Fun, Fame and Fortune Blogging | Cross River Realtor

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I don’t know about you but sometimes this blogging gig can be a chore.

Long lonely hours of writing and editing, coming up with the inspiration for the headlines and sitting down to do the work while your friends are out partying. Just getting started is a challenge. What do you want to blog about? Will it work? How do I set up this WordPress technology thing.

Writers block lurks every day. It doesn’t just afflict the beginner but the best. These are some of the challenges that confront us all.

So why should you start and why persist?

Why you should start

When starting, the reasons why are sometimes nothing more than a curiosity driven by a passion for the topic. Sometimes it is the intersection and synergy of multiple motivations. Maybe leave a legacy and learn along the way.

Here are some of the reasons for blogging that I hadn’t really considered when I published for the first time.

Your brand awareness will grow

Open doors to global opportunities

Create business networking opportunities

Position you and your brand as a thought leader and expert

Website will rank higher in search engines

Learn a lot about your business and yourself

Build an online asset that doesn’t sleep

Grow as an individual and as a business

Provide lifestyle freedom

Gain access to free crowd sourced marketing

I am sure there are more but there is something for everyone. Done right it does contain fun, a possible 15 minutes of fame and more and the promise of fortune.

Achieve one of those…then it is worthwhile.

Who has the money?

In looking around it starts to become apparent that there are many ways to make money from new media (blogging). It is not a singular approach but a matrix of multiple opportunities and tactics.

Blogging has evolved rapidly because of the social web and in the past was driven by building email lists which took a lot of time. With the advent of social media their marketing and growth have been supercharged.

Global reach and influence at the speed of a tweet, a Facebook share or a viral video.

To make money from a blog in 2013 you do not have to be a Huffington Post. There are many ways to make a living out of blogging that can enhance your current business and lifestyle that are within everyone’s reach.

Here are 11 different business models in this Slideshare presentation with case studies.

 

Read more at http://www.jeffbullas.com/2013/06/14/how-to-achieve-fun-fame-and-fortune-blogging/#1FIKyx5R19yMQIzW.99

 

 

How to Achieve Fun, Fame and Fortune Blogging | Jeffbullas’s Blog.

Home sales may begin to soften this summer | Katonah Real Estate

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Despite the fact that inventory improved in April, and will have improved again in May, Redfin anticipates a lull in sales this summer. Months of bidding wars and record-low inventory earlier this year has finally taken a toll on some buyers. Rising interest rates are likely discouraging some buyers as well, writes Redfin.

Month over month, the number of customers taking tours fell 3.0% from April, compared to a 2.2% loss between April and May in 2012. Meanwhile, the number of customers making offers dropped 2.1% from April to May, also slightly more than last year’s 1.1% decline.

 

Home sales may begin to soften this summer | HousingWire.

Monday Morning Cup of Coffee: Mixed reactions on Florida foreclosure bill | Waccabuc Real Estate

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Monday Morning Cup of Coffee is a quick look at the news coming across the HousingWire weekend desk, with more coverage to come on bigger issues.

Almost inevitably, perhaps, reaction to the bill signed in Florida by the state’s governor to speed up foreclosures has been mixed. Or so says a piece in The Tampa Tribune.

Gov. Rick Scott signed the bill that expedites the default process on Friday. While some see it as a boon for the consumer and the foreclosure-laden state, others are viewing it as a more efficient means for banks to snatch away people’s homes, the newspaper reports.

It’s one of a few pieces of housing-related legislation becoming law in the Sunshine State. For example, under a new landlord-tenant bill, the article states a tenant could pay partial rent and still be evicted within days if they fail to turn over the rest of the money.

The Wall Street Journal breaks down the housing recovery in a bulls-versus-bears feature article. Reporter Nick Timiraos gets his hands on a research paper by Joshua Rosner, managing director of Graham Fisher & Co. in order to help lay out the bears side of things.

Ivy Zelman of advisory firm Zelman & Associates gives the bulls case.

“If you were waiting for homeownership rates to improve, you would have missed the housing recovery,” says Zelman. “It’s all about occupancy and shelter.”

 

Monday Morning Cup of Coffee: Mixed reactions on Florida foreclosure bill | HousingWire.

How to make your real estate listing go viral | North Salem Real Estate

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Pictures are worth a thousand words…and quite a few shares. If you really want your listings to go viral and reach more potential buyers, you need to have 8 or more high-quality photos that catch buyers’ eyes,Trulia writes.

When you’re out shooting online property photos, remember how we started this chat – that compelling content is king. That means you need to look for the quirky, special, and high-value add ons that separate your listings from the rest, according to Trulia ($30.74 0.14%).

Read more tips on how to make your listings go viral here.

 

How to make your real estate listing go viral | HousingWire.