Tag Archives: Westchester NY Homes for Sale

Westchester NY Homes for Sale

Early Bedford Town Primary Election Results | Bedford NY Homes

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The results are in for several primary elections in Bedford races for supervisor, town clerk, town justice and councilman.

Unofficial results suggest that incumbent Erik Jacobsen topped Judy Aydelott for the Independence Party nomination for town justice with 68-percent of the vote and the Conservative Party nomination with 70-percent of the vote.

All other races in Bedford featured candidates running unopposed.

Mary Beth Kass and incumbent Francis Corcoran are the Conservative Party nominees for councilman. Don Scott is the Conservative Party nominee for supervisor. Lisabeth Boo Fumagalli is the Conservative Party nominee for town clerk.

Chris Burdick is the Independence Party nominee for supervisor. Simone Shaprio is the Independence Party nominee for town clerk.

As of Wednesday morning, 88-percent of the vote had been tallied.

The Daily Voice will update results as write-in votes are tallied.

Armonk Early Election Results | Armonk Real Estate

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Democratic Vote for Town Supervisor
► Michael J. Schiliro
Anthony Futia

Republican Vote for Town Board

► John J. Cronin
► Barbara W. DiGiacinto
Diane DiDonato-Roth

Independence Vote for Town Supervisor
► Michael J. Schiliro
Independence Vote for Town Board
► Barbara W. DiGiacinto
Jose L. Berra — Too Close to Call
Write-In –Too Close to Call
Independence Vote for Town Justice
► Linda Trummer-Napolitano
Douglas J. Martino
Conservative Vote for Town Supervisor
► Michael J. Schiliro
Conservative Vote for Town Board
► Barbara W. DiGiacinto
► Barry S. Reiter

Greenwich Teardown Trend Resumes in Earnest | Pound Ridge Homes

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18 Lexington Ave. in April 2012 and Aug. 2013 as two condominiums. Credit: Leslie Yager

18 Lexington Ave. in April 2012 and Aug. 2013 as two condominiums. Credit: Leslie Yager
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  • 18 Lexington Ave. in April 2012 and Aug. 2013 as two condominiums. Credit: Leslie Yager
  • 13 Lexington Ave. in Dec. 2012 and Aug. 2013. Credit: Leslie Yager
  • 19 Connecticut Ave. was bought by a builder for $716,000 and renovated instead of demolished. In April 2013 it sold for $1.625. Credit: Leslie Yager
  • 18 Lexington is rented out for $10k/month for Unit A and $10,500/month for unit B. Credit: Leslie Yager
  • 137 Milbank in central Greenwich sold in 2010 for $1.175 and the new construction sold for $3.385 in Sept. 2012. Credit: Leslie Yager
  • 46 Connecticut Ave., on Sept. 2, 2013. Its days are numbered. Credit: Leslie Yager
  • Before and after photos of 34 Lincoln Ave. in central Greenwich. Credit: Leslie Yager

Green Buildings Could Be Half U.S. Projects, Worth $248 Billion By 2016 | Cross River Real Estate

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Green building may represent more than half of all commercial and institutional construction as soon as 2016. CleanTechnica looks into a new report from the USGBC entitled “LEED in Motion: People and Progress,” that details green building’s exponential growth and outlines both the value of the industry and its reach into American Lives. Among the highlights:

  • More than 4.3 million people live and work in LEED-certified buildings
  • More than 6.2 million people interact with LEED projects every day during their daily routine
  • Green building represented 44 percent of all commercial and institutional construction in the U.S. in 2012, and this percentage should increase to 55 percent by 2016.

 

http://www.ecobuildingpulse.com/legislation/

UWS Mansion That Once Asked $31M Sells, Finally, for $14M | Katonah Real Estate

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The history of the Upper West Side’s 12,000-square-foot Schinasi Mansion is equal parts illustrious and disappointing. Illustrious: Carnegie Hall architect William Tuthill designed the 1909 palace for a “Turkish tobacco baron,” there are 3,400 square feet of outdoor space and a secret tunnel in the basement, and the property was a set for a Woody Allen film, Bullets Over Broadway. Disappointing: after asking a high of $31 million in 2006, the property has now sold for $14 million, according to the Journal. The last asking price was below that, at $13.5 million, (and was apparently one of several all-cash offers) but the PriceChopper Hall of Fame will still be inducting this property.

The buyer hasn’t been identified by name, but the listing broker tells the Journal the home’s new owner is “a New York businessman who used to live abroad.” He’ll be doing a lot of work on the property, since the prior owners, who spent $325,000 for the house in 1979, didn’t use it as their primary residence. Once the renovation’s done, maybe the buyer will host another pizza party.

read more…

 

http://ny.curbed.com/archives/2013/08/30/uws_mansion_that_once_asked_31m_sells_finally_for_14m.php

Negative equity to crimp inventory for years to come | Bedford Real Estate

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As home prices continued to increase rapidly, the number of underwater homeowners — borrowers who owe more on their mortgages than their homes are worth — fell at a fast clip in the second quarter, Zillow reported.

But even if steady price appreciation continues, millions of borrowers remain years away from regaining positive equity, and with it, a better ability to sell their homes, Zillow said.

According to Zillow, about 12.2 million homeowners, or 23.8 percent of all homeowners with a mortgage, were underwater at the end of the second quarter, down from 13 million in the first quarter and 15.3 million in the second quarter of 2012.

While that marked a 20 percent year-over-year decrease in underwater homeowners, millions of borrowers are still years away from shedding negative equity, even as the market recovers, Zillow said.

“The frustratingly slow pace of negative equity declines in the face of such robust home value appreciation is a direct result of the fact that many people in the hardest-hit markets are underwater by an enormous amount,” said Zillow Chief Economist Stan Humphries in a statement.

“Because of this, negative equity will be a factor in these markets for years to come, constraining the supply of homes for sale and keeping people out of the market who might otherwise get involved.”

read more….

 

 

http://www.inman.com/wire/negative-equity-to-crimp-inventory-for-years-to-come/#sthash.Vjzqgagk.dpuf

Booming markets see lag in construction activity | Bedford Corners Real Estate

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Markets that are seeing the greatest rebound in home prices are also seeing the biggest lag in construction activity, the latest data from Trulia (TRLA) revealed.

Asking home prices rose 11.0% on an annual basis and 1.2% on a monthly basis in august. However, when taking a deeper look at the data, it is obvious that construction activity isn’t back to normal levels quite yet.

In 2013, construction permits are running at only about 60-70% of their average level between 1990 and 2012. Las Vegas, Sacramento, Riverside-San Bernardino, Warren-Troy-Farmington Hills and Detroit are among the housing markets where asking home prices increased more than 20%. These markets saw construction activity at less than half the normal level.

According to Trulia Chief Economist Jed Kolko, there is a very obvious explanation for this: Investors and builders have bet on different markets.

“Investors have bought in the boom-and-bust metros, helping push prices up more than 20% year-over-year in Las Vegas, Sacramento, and Detroit,” said Kolko. “Builders, however, are betting on markets that avoided the worst of the crash, like Boston, much of Texas, and the expensive California coast, where job growth is strong and few homes are vacant,” he added.”

 

 

http://www.housingwire.com/articles/26659-booming-markets-see-lag-in-construction-activity

Katonah Weekly Real Estate Report | #RobReportBlog

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Katonah   NY Weekly Real Estate Report9/10/2013
Homes for sale45
Median Ask Price$999,000.00
Low Price$450,000.00
High Price$18,995,000.00
Average Size4143
Average Price/foot$447.00
Average DOM132
Average Ask Price$2,451,618.00

Foreclosure Inventory Plunges 32 Percent | Waccabuc Real Estate

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There were only about 49,000 completed foreclosures in the U.S. in July 2013, down from 65,000 in July 2012, a year-over-year decrease of 25 percent. On a month-over-month basis, completed foreclosures decreased 8.6 percent from the 53,000* reported CoreLogic in June.

As of July 2013, approximately 949,000 homes in the U.S. were in some stage of foreclosure, known as the foreclosure inventory, compared to 1.4 million in July 2012, a year-over-year decrease of 32 percent. Month over month, the foreclosure inventory was down 4.4 percent from June 2013 to July 2013. The foreclosure inventory as of July 2013 represented 2.4 percent of all homes with a mortgage compared to 3.4 percent in July 2012.

As a basis of comparison, prior to the decline in the housing market in 2007, completed foreclosures averaged 21,000 per month nationwide between 2000 and 2006. Completed foreclosures are an indication of the total number of homes actually lost to foreclosure. Since the financial crisis began in September 2008, there have been approximately 4.5 million completed foreclosures across the country.

“As the housing market continues to recover, the foreclosure inventory is declining quickly, down by 32 percent from a year ago,” said Mark Fleming, chief economist for CoreLogic. “Continued strength in the housing market will contribute to our outlook for ongoing improvement in the stock of distressed assets through the end of this year.”

“Completed foreclosures and delinquency rates continued their rapid descent in July. Every state posted a year-over-year decline in foreclosures and serious delinquencies fell to the lowest level since December 2008,” said Anand Nallathambi, president and CEO of CoreLogic. “Not surprisingly, non-judicial states have come the farthest the fastest in reducing shadow inventory and lowering delinquency rates.”

Highlights as of July 2013:

  • The five states with the highest number of completed foreclosures for the 12 months ending in July 2013 were: Florida (110,000),California (65,000), Michigan (61,000), Texas (45,000) and Georgia (41,000).These five states account for almost half of all completed foreclosures nationally.
  • The five states with the lowest number of completed foreclosures for the 12 months ending in July 2013 were: District of Columbia (141), North Dakota (484), West Virginia (505), Hawaii (512) and Maine (754).
  • The five states with the highest foreclosure inventory as a percentage of all mortgaged homes were: Florida (8.1 percent), New Jersey (5.9 percent), New York (4.7 percent), Connecticut (4.0 percent) and Maine (4.0 percent).
  • The five states with the lowest foreclosure inventory as a percentage of all mortgaged homes were: Wyoming (0.4 percent), Alaska (0.6 percent), North Dakota (0.7 percent), Nebraska (0.7 percent) and Colorado (0.8 percent).

*June data was revised. Revisions are standard, and to ensure accuracy, CoreLogic incorporates newly released data to provide updated results.

 

 

 

http://www.realestateeconomywatch.com/2013/08/foreclosure-inventory-plunges-32-percent/

Mortgage originations defy interest rate hikes | Pound Ridge Real Estate

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Mortgage originations rose 12.7 percent year over year and dipped a slight 1.5 percent month to month in June, indicating stability despite increases in interest rates, according to a monthly report from Lender Processing Services.

Through June, originations had their strongest 12-month period since 2007, to 784,000, LPS said.

Prepayment activity, which is historically a good indicator of mortgage refinances, is still largely driving origination volume, the company said.

“Prepayment speeds have been impacted by the sharp increase in mortgage interest rates we’ve seen over the last couple months. However, even with that increasing interest rate pressure, July’s monthly prepayment rates are still about where they were this time last year, when rates were at historic lows,” said LPS Data & Analytics Senior Vice President Herb Blecher in a statement.

“In fact, they are roughly at the same levels as the heights of the ‘mini refinance booms’ in 2010 — when interest rates were comparable to where they are today — and in 2009, when rates were even higher.

“Of course, as interest rates continue to climb, we can expect that both prepayments and associated originations will decline.”

– See more at: http://www.inman.com/wire/mortgage-originations-defy-interest-rate-hikes/#sthash.3Gj9SiEH.dpuf