Southern California may very well be the land rich in ugly faux châteaux, but sometimes a wonder of gold patina, green marble, and redundant crystal pops up elsewhere on this continent. Indeed, most of North America’s Versailles knock-offs—whether it’s ill-fated, 90,000-square-foot behemoths in Florida or $30M mansions in Kentucky—are found outside the bloated McMansion hotspots. On the market in the Toronto area is this gold-plated Château de Versailles, with six bedrooms, 12 bathrooms, 24,000 square feet, and more frescoes, chandeliers, and sculpted busts than anyone can handle. Though, to be completely honest, that pool is ridiculously cool. The ask? $17M.
Tag Archives: Westchester NY Homes
Late Summer Sales Keep September Prices Hot | Lewisboro NY Real Estate
Home price gains in September rose over record August levels, evidence of residual summer buying activity, according to the first market report of the month to be released.
All regions saw small up-ticks in yearly price gains as Clear Capital’s Home Data Index (HDI) Market Report said September prices rose to 10.9% year-over-year. In August, national yearly home price growth reached 10.2%, the last time Clear Capital reported double digit yearly price growth since the middle of 2006, the height of the bubble.
Clear Capital’s August prices remained 32.5% off their previous highs and only in line with 2002 prices. Additionally, the low tier price segment of the housing market saw quarterly gains of 2.0%, the lowest since April 2012, indicating the sector that kick started the recovery is already on a path of moderation. From its peak rate of growth in April 2013, rates of growth for the low tier segment, or home sale values in the bottom 25th percentile, have fallen from 4.1% to 2.0%.
“While national and regional rates showed more of the same in September, an interesting dichotomy is unfolding beneath the surface,” said Dr. Alex Villacorta, vice president of research and analytics at Clear Capital. “Strong performances in San Francisco and Detroit remind us that in a dynamic market, the only constant is change. For about a year and a half now, we’ve been focused on First-In, First-Out recoveries characterized by hard hit markets attracting investor interest, like Miami, Phoenix and Las Vegas. Now as the recovery matures, we see homebuyers re-engaging in markets that haven’t fit the typical investor profile.
“As demand calibrates to local economic environments, markets will start to find their natural equilibriums with moderating gains ahead. This should invite new markets, such as San Francisco and Detroit to share the spotlight as their recoveries continue to evolve,” he said.
| Highest Performing Major Metro Markets | ||||||||
Qtr/Qtr Rank | Metropolitan Statistical Area | Qtr/Qtr % +/- | Yr/Yr | REO Saturation | ||||
1 | San Francisco, CA – Oakland, CA – Fremont, CA | 4.4% | 28.3% | 6.3% | ||||
2 | Detroit, MI – Warren, MI – Livonia, MI | 4.3% | 23.3% | 31.7% | ||||
3 | Sacramento, CA – Arden, CA – Roseville, CA | 3.9% | 27.7% | 11.0% | ||||
4 | Las Vegas, NV – Paradise, NV | 3.9% | 32.2% | 19.8% | ||||
5 | San Jose, CA – Sunnyvale, CA – Santa Clara, CA | 3.9% | 25.7% | 2.8% | ||||
6 | Atlanta, GA – Sandy Springs, GA – Marietta, GA | 3.6% | 26.1% | 21.2% | ||||
7 | Birmingham, AL – Hoover, AL | 3.5% | 10.4% | 20.6% | ||||
8 | Los Angeles, CA – Long Beach, CA – Santa Ana, CA | 3.4% | 22.2% | 9.2% | ||||
9 | Chicago, IL – Naperville, IL – Joliet, IL | 3.4% | 21.5% | 20.2% | ||||
10 | Riverside, CA – San Bernardino, CA – Ontario, CA | 3.2% | 21.8% | 15.9% | ||||
11 | Miami, FL – Ft. Lauderdale, FL – Miami Beach, FL | 3.2% | 20.4% | 21.9% | ||||
12 | Bakersfield, CA | 3.0% | 20.8% | 16.7% | ||||
13 | Columbus, OH | 2.9% | 6.7% | 23.6% | ||||
14 | San Diego, CA – Carlsbad, CA – San Marcos, CA | 2.8% | 19.6% | 7.9% | ||||
15 | Oxnard, CA – Thousand Oaks, CA – Ventura, CA | 2.7% | 18.2% | 7.1% | ||||
| Lowest Performing Major Metro Markets | ||||||||
Qtr/Qtr Rank | Metropolitan Statistical Area | Qtr/Qtr % +/- | Yr/Yr | REO Saturation | ||||
1 | Charlotte, NC- Gastonia, NC – Concord, NC | -0.1% | -0.4% | 17.1% | ||||
2 | Louisville, KY | 0.2% | 1.0% | 18.5% | ||||
3 | Raleigh, NC – Cary, NC | 0.2% | 1.1% | 11.3% | ||||
4 | Hartford, CT – West Hartford, CT – East Hartford, CT | 0.3% | 4.0% | 4.0% | ||||
5 | Rochester, NY | 0.4% | 3.7% | 2.2% | ||||
6 | St. Louis, MO | 0.4% | -0.2% | 23.3% | ||||
7 | Dayton, OH | 0.4% | 4.8% | 22.2% | ||||
8 | New Orleans, LA – Metairie, LA – Kenner, LA | 0.4% | 3.4% | 12.3% | ||||
9 | Virginia Beach, VA – Norfolk, VA – Newport News, VA | 0.7% | 5.0% | 9.8% | ||||
10 | Dallas, TX – Fort Worth, TX – Arlington, TX | 1.0% | 6.8% | 12.4% | ||||
11 | Baltimore, MD – Towson, MD | 1.0% | 5.5% | 7.2% | ||||
12 | Pittsburgh, PA | 1.0% | 5.2% | 4.5% | ||||
13 | Richmond, VA | 1.2% | 8.8% | 11.1% | ||||
14 | Philadelphia, PA – Camden, NJ – Wilmington, DE | 1.3% | 5.2% | 4.6% | ||||
15 | Providence, RI – New Bedford, MA – Fall River, MA | 1.3% | 11.7% | 6.0% | ||||
The Clear Capital Home Data Index Market Report is built on information from recorder/assessor offices, enhanced by adding the company’s proprietary streaming market data. It reflects nationwide coverage of sales by aggregating this data at ten different geographic levels, including hundreds of metropolitan statistical areas (MSAs) and sub-ZIP code boundaries. It includes equally-weighted distressed bank owned sales (REOs) from around the country.
http://www.realestateeconomywatch.com/2013/10/late-summer-sales-keep-september-hot/
Mortgage applications shoot up 11.2% | Katonah NY Real Estate
Mortgage applications shifted gears, increasing 11.2% from a week earlier, the Mortgage Bankers Association said this week.
Meanwhile, the refinance index grew 18% from the prior week, while the purchase index rose 3%.
As a whole, the refinance share of mortgage activity inched back up to 61% of total applications, up from 57% a week earlier.
The average contract interest rate for a 30-year, fixed-rate mortgage with a conforming loan limit dropped to 4.75% from 4.80%.
Furthermore, the 30-year, FRM jumbo edged down to 4.83% from 4.84%.
The average 30-year, FRM backed by the FHA fell to 4.50% from 4.56%, and the 15-year, FRM declined to 3.81% from 3.83%.
Meanwhile, the 5/1 ARM plummeted to 3.54% from 3.59% a week earlier.
http://www.housingwire.com/articles/26891-mortgage-applications-shoot-up-112
How Much Does it Cost to Remodel a Basement? | Bedford Hills Real Estate
Find Trusted Pros for this Project
Square footage
The size of your basement is a large factor. Some homeowners only remodel part of their basements to curb total remodeling costs. Any project with a large square footage will be more expensive as it means more materials and longer construction time. Continue Reading
Materials
For a basement remodel, you’ll have to consider walls, ceilings, flooring, lighting, and insulation. If you’re adding a bathroom, then you’ll deal with installing countertops, cabinets, a toilet and even a shower or bathtub. All of these options mean various price ranges, depending on the types of materials selected. It’s important to figure out your budget and then choose the most important aspects to focus on for the remodel.
Electrical
Your basement will likely need to be fitted with additional wires to support more lights and electronics. You will need to hire a licensed electrician if you plan to install additional overhead light fixtures, outlets and other components that require additional wiring.
Plumbing
If you’re adding a bathroom, then you’ll need to hire a licensed plumber to install the necessary elements. The more you decide to install in your bathroom, the higher the bathroom remodeling costs will be. Adding a shower or bathtub might be necessary if you plan to use the basement as a guest suite. Otherwise a half bath may be perfect if the basement is used as a living or family room space.
Resale Value
Adding a bedroom or another living space to your home might cost you a lot by the end, but you will see a return on your investment when you go to resell your home. Having another room adds value to the house, which means someone will pay more for your home when it comes time to put it on the market.
Kerry Kennedy’s Lawyer Reportedly Trying To Move Trial From Armonk | Armonk Homes
Lawyers on both sides of Bedford resident Kerry Kennedy’s impaired driving trial are apparently looking beyond the North Castle Courthouse in Armonk for a bigger space, according to a report by the Associated Press via the Wall Street Journal.
Defense attorney Gerald Lefcourt has reportedly said that Armonk’s 60-seat courtroom won’t be able to hold the expected numbers of reporters, interested residents and a jury for Kennedy’s trial, the report said.
Other venues are being scouted, although no trial date has been set, according to the AP.
Kennedy was arrested in July 2012 after she swerved her Lexus into a tractor-trailer on Interstate 684 in Armonk. She was charged with driving under the influence of an unknown substance, for which she pleaded not guilty, saying she accidently took a sleeping pill.
She tried to have her case dismissed this past May but was denied.
Kennedy is the daughter of Sen. Robert Kennedy and the niece of President John F. Kennedy. She is also the ex-wife of Gov. Andrew Cuomo.
http://mtkisco.dailyvoice.com/news/kerry-kennedys-lawyer-reportedly-trying-move-trial-armonk
Westchester Senator Cries Foul On $14 Toll For Tappan Zee Bridge | North Salem NY Real Estate
New York State Senator Greg Ball (R – Patterson) announced a bipartisan public-private partnership bill in an effort to keep tolls down on the new Tappan Zee Bridge.
New York State recently learned that the federal loans requested will only cover roughly 33 percent of the bridge’s cost as opposed to the 49 percent that was requested a year ago. The result would be tolls approaching $14 or more.
“Over $14 is too high,” Ball said in a statement. “Simply raising the toll is not a sustainable solution. We can’t continue to pass the tab onto those that cross the bridge and the tax payers. New York is the capitol of capital and we must unlock the private sector to fund and maintain this vital infrastructure project.”
Assemblyman Robin Schimminger (D- Kenmore), chairman of the Assembly Committee on Economic Development, Job Creation, Commerce and Industry, has joined ball in creating the new legislation.
“This forward-thinking legislation creates a framework that will allow for and encourage investment in the state by private companies in order to advance the development and operation of public infrastructure,” Schimminger said in a statement. “This would be extremely helpful to efforts aimed at boosting Upstate New York’s economy.”
The public-private partnership legislation will help transfer the risks associated with building, financing, operating and maintaining public infrastructure projects from the taxpayers to the private sector. One of the key benefits is that private partners are responsible for project cost overruns eliminating the government’s risk going back to taxpayers for additional funds.
http://whiteplains.dailyvoice.com/politics/westchester-senator-cries-foul-14-toll-tappan-zee-bridge
Mortgage rates fall to 2-month low after Fed announcement | Cross River Real Estate
Rates on 30-year fixed-rate mortgages dropped to a two-month low this week following a recent announcement from the Fed that it would not begin to wind down its bond-buying program.
Rates on 30-year fixed-rate loans averaged 4.32 percent with an average point of 0.7 percent for the week ending Sept. 26, down from 4.5 percent last week but up from 3.4 percent a year ago, according to Freddie Mac’s latest Primary Mortgage Market Survey.
“Mortgage rates fell following the Federal Reserve announcement that it will maintain its bond-buying stimulus,” said Frank Nothaft, Freddie Mac’s vice president and chief economist, in a statement. “These low rates should somewhat offset the house price gains seen the last number of months and keep housing affordability elevated.”
Rates on 15-year fixed-rate mortgages, five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans and one-year Treasury-indexed ARMs also fell.
Source: Freddie Mac
– See more at: http://www.inman.com/wire/mortgage-rates-fall-to-2-month-low-after-fed-announcement/#sthash.sZ0FPtml.dpuf
Mortgage relief fails to provide as much promised aid | South Salem NY Real Estate
While the five giant mortgage firms signed a landmark $25 billion mortgage settlement last year, the real relief did not fulfill most borrowers expectations. Just 20% of the aid dished out under the settlement covered forgiveness of first-mortgage principal. Per the Los Angeles Times:
“We all wish there had been more principal reduction, which is what is most helpful in keeping people in homes,” said Kevin Stein, associate director of the California Reinvestment Coalition, a 300-member alliance that lobbies on behalf of low-income and minority neighborhoods.
Still, Stein said, the program set a good precedent, demonstrating that debt forgiveness can benefit lenders and borrowers alike without causing a wave of intentional defaults, as critics had warned.
How to Grow Your Business Network With Social Media | Katonah NY Realtor
Is your business or company struggling to find new customers?
Do you know how to build your business network on social media?
Before you can sell, you have to create a trusted relationship with your future customer.
In this article, you’ll discover four ways to use social media to find and establish relationships with new prospects and leads for your business.
#1: Join a Conversation on Twitter
Tweet chats are great for person-to-person networking on Twitter and they can act as one of the single best lead generation tools in social media.
You can consult a number of lists to quickly locate chats that are relevant to you. These lists include hashtags and other key information like date, time and the name of the host or owner of the chat.
A tweet chat example.
The best thing about tweet chats is that while almost everyone starts out a stranger, over time the participants begin to know one another and develop relationships that extend beyond the regularly scheduled chat.
During the chat, you’ll find people who ask questions you can answer. Your replies will be limited to 140 characters, so they’ll need to be as concise as possible. Use the opportunity to let participants know you’re open to accepting a follow and a direct message from them and carrying the conversation further by phone or on another platform.
#2: Participate in LinkedIn Groups
LinkedIn groups hold a lot of opportunity for networking with people who fit your prospect profile.
There’s an easy way to find the groups you are interested in. Hover on Interests in the header navigation and click on Groups. From here, click on More>> in the Groups You May Like box.
From here, use keywords specific to your industry to search for and find groups relevant to your business. You can filter your search results by Relationship, Categories and Languages.
Use the search function to identify the right groups for you to join.
Next, check out each of those groups and join one or two that are made up of people who could be interested in what you offer.
This isn’t a place to sell. Be nice, be helpful and focus on providing service to the other members. Answer questions, give advice and share your knowledge.
Pay attention to who likes your posts and comments. Similar to Facebook, you can click on the Like button to see a list of people who have liked your comment.
Follow the people who like your comments.
Visit the profiles of those folks and see if any of them fit your prospect profile. Follow them on LinkedIn to get to know them better and when the opportunity arises, ask them to connect with you.
Use tags to sort your new contacts into one of two groups—prospects and strategic partners who can refer prospects. The tags will make it easier for you to keep track of the relationships as they evolve.
If there’s not an existing group that fits your needs, create one to network with your current prospects and attract new ones.
#3: Share Insights From an Event
When you attend trade shows or conferences, share the highlights and notes with people who can’t attend and you’ll attract people interested in the same niche.
On Twitter, share your notes in real time with your followers. Use the official event hashtag in your tweets so they are included in the larger conversation, and they’ll be visible to people who don’t follow you. Make sure you pay attention to new follows during this time, as they could well be new prospects for you.
You can accomplish the same goal with your company’s website. A tool such as Storify will help you consolidate your notes into a blog post with a rundown of all of the most important points made during the conference.
This event recap blog post was created using Storify.
Pay attention to the folks who follow along, comment or retweet your information. This is a simple way to surface invisible prospects that you might otherwise miss. Connect with each person on the platform or network that makes the most sense, and when the time is right, reach out and offer your help.
http://www.socialmediaexaminer.com/build-your-business-network/
7 Website Essentials to Land More Sales (Infographic) | Bedford NY Realtor
So much in business isn’t black and white, but there are some simple ways to increase your customer engagement and attract more sales. Creating a user-friendly website is a good place to start. For example, according to information compiled by online marketing firm Reach Local, 46 percent of consumers use their smartphones to research products or businesses. So, making your website mobile-friendly is crucial.
For more tips to improve your company’s website, check out the infographic below.

Read more: http://www.entrepreneur.com/article/228217#ixzz2h2g3YjRW








