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Westchester NY Homes

Preventing Home Holiday Fires in Pound Ridge NY | Pound Ridge NY Real Estate

 “We don’t want a fire to devastate your holiday celebrations,” said CAL FIRE Acting State Fire Marshal Tonya Hoover. “If everyone practices a little extra fire safety this holiday, we can help reduce the number of holiday decoration related fires and deaths.”

Robert Paul Realtor - Christmas Tree Fires In Pound Ridge NY

Robert Paul Realtor - Christmas Tree Fires In Pound Ridge NY

The holiday season is here and with it increased excitement about adorning homes with traditional decorations. As beautiful as they are, holiday decorations are an added home fire hazard. According to the National Fire Protection Association (NFPA), a candle-caused fire in the home is reported every 30 minutes.

In 2009, 166 Christmas tree fires were reported to the CAL FIRE – Office of the State Fire Marshal. There were 100 reported fires caused by the ignition of Christmas decorations. As of December 1 there have been nearly 40,000 reported fire incidents with over 80 tragic fire deaths in California.

Follow these safety tips to ensure a safe and happy holiday season:

 When selecting your Christmas tree, choose a fresh one with green needles.

Check the water level in the tree stand every day.

Keep the tree at least 3 feet away from any heat source including fireplaces and heating vents.

Never use lit candles to decorate a tree.

 Keep outdoor decorative lights outdoors and indoor lights indoors.

Inspect lights every year for frayed wires or cracked sockets.

Don’t link more than 3 light strands together unless the directions indicate it is safe to do so.

Turn decorative lights out when you leave the house or go to bed.

Only use lights that have been tested and labeled by a recognized testing laboratory.

Christmas Trees

Holiday Lights

 

Gas vs. Wood Burning Fireplaces | Bedford Hills NY Homes

You plan to build your dream home. You’ve pored through home plan books, picked out the perfect design, found a beautiful lot in a great neighborhood and worked out a deal with a well-regarded builder.A wood-burning fireplace will appease the die-hard traditionalist in any group. After all, who doesn’t love the rustic scent and the popping sound of a home-brewed blaze? The smell and sound of a true fire evoke images – real or imagined – of cozying up in front of a crackling blaze after a particularly challenging snowball fight or a day of building snowmen.

After years of rental apartments and settling for less, you’ve earned this home. You’ve promised yourself some of the amenities you’ve always wanted and, not surprisingly, a few well-placed fireplaces top that list. Your new home will include a fireplace in the family room so that, after a day of sledding, the kids can warm chilled fingers and toes and hang soggy mittens and mufflers up to dry.

A second fireplace in the living room adds an elegant touch to formal gatherings, and in the master suite, yet another fireplace serves as a romantic backdrop. Perhaps even more important than adding some old-time charm and comfort to your new home, a fireplace also answers that nagging question, “Where will we hang the Christmas stockings?”

Before you settle down in front of a warm blaze with a comforting beverage and your favorite novel, you need to make an important decision about whether you want a gas or a wood-burning unit. Today’s marketplace offers new-home builders plenty of choices when it comes to fireplaces, and consumers need to study up before making a choice.

To choose which type of fireplace works best for you, learn the differences between the two and define your priorities.

Even today’s “old-fashioned” wood-burning fireplaces present more choices than those of the past. High-energy models from a number of manufacturers often include insulated fireboxes that keep cold outside air outside and trap warm air that would otherwise escape up the chimney or out the sides.

Many of these models also feature blower systems that redirect heated air from the chimney out into the room.

Because traditional wood-burning fireplaces can emit gases and particles that harm the environment into the air, some communities regulate or even prohibit them.

Heatilator offers an outside air kit system that reduces lost energy by using outside air for combustion.

Another option available with some wood-burning fireplaces is a filter that helps eliminate dust and smoke from inside air.

A gas fireplace, which combines ease of use with the heating ability of a furnace, will appeal to those people who cringe at the idea of prying themselves off the sofa every couple of hours to fetch another round of wood.

At the flick of a switch, you’ll enjoy the warmth of a realistic blaze. A couple more flicks of the switch adjust the flame height and heat output.

In recent years, gas fireplace manufacturers have worked hard to create a blaze that resembles a real fire. Ceramic logs, tall, dancing flames and burning “embers” underneath imitate traditional fires.

Full Article

Bedford Hills NY Homes

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Because gas units do not include a chimney, they also allow the homeowner some versatility when choosing a spot for the new fireplace.

Chappaqua NY Housing Market in 2011 | Chappaqua NY Real Estate

The National Association of Realtors (NAR) predicted the housing market would improve by the end of 2010. In September 2010, Lawrence Yun, NAR’s chief economist, said that he expected the housing recovery to be “slow and gradual because of lingering economic uncertainty.”

The 2010 housing market has been characterized by lower sales volume than a year ago. However, the median price increased 0.08 percent in August from a year ago. The number of homes sold nationally in August increased 7.6 percent from July, 19 percent below the August 2009 level.

August closings reflect sales made in April when the homebuyer tax credit was still available. We could see lower sales volume and median sale prices moving forward. This will vary from one area to the next.

Real estate is a localized business. In California, home sales for 2010 are predicted to rise 2 percent from the 2009 level. The median sale price is expected to increase 11.5 percent from a year ago to $306,500 and another 2 percent in 2011, according to the California Association of Realtors. The state’s median sale price was $522,700 in 2005.

Research by First American CoreLogic indicates that 24 percent, or more than 11.3 million homeowners, have negative equity. Negative equity occurs when the unpaid mortgage balance exceeds the market value of the property. According to CoreLogic, homeowners with negative equity are unlikely to reach positive equity until 2015 or early 2016.

Foreclosures are one of the factors putting brakes on a housing market recovery. According to NAR, distressed sales accounted for 34 percent of homes sold in August, up from 32 percent in July and 31 percent in August 2009. Foreclosures will continue to impact the housing market in 2011.

Full Inman Article

Chappaqua NY Homes

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Survey of Seller Trends in Katonah NY | Katonah NY Real Estate

The National Association of REALTORS® surveys home buyers and sellers annually to gather detailed information about the home buying and selling process. These surveys provide information on buyer and seller demographics, housing characteristics and the experience of consumers in the housing market. Buyers and sellers also share information on the role that real estate professionals play in home sales transactions. NAR’s Profile of Home Buyers and Sellers reports – based on results of those surveys – provide real estate professionals with insights into needs and expectations of their clients. The latest 2010 NAR Profile of Home Buyers and Sellers* was released in November.

Last month’s Market Intelligence column highlighted some of the profile data on home buyers. In this edition, we focus on home sellers and how they may have “traded up” in purchasing another home.

(Note: sellers who responded to the survey were also home buyers; consequently, the information on home sellers can also be useful for real estate professionals who are looking at that portion of their clientele who are repeat buyers. For the first time since NAR Research began conducting the annual home buyer/seller survey, NAR Research asked sellers if this was their first selling experience. Nearly two-fifths of sellers were selling for the first-time. Slightly more than three-fifths were repeat sellers.)

Even for an experienced home seller, selling one’s home can often be just as complicated and confusing as buying a home can be for a first-time seller. The recent economic recession presented challenges to many households, and this was certainly true for those households who wanted to sell a property in order to purchase and move into another home. As in the past, however, most home sellers turn to real estate professionals to help them sell their properties as well as to purchase another home in which to live.

Selected Demographics of Home Sellers
As has been the case for the last several years, married couple households account for three-quarters of home sellers. Single male or female households represented about one in five recent sellers, with single females accounting for more than 2.5 times as many sellers as single males. Reversing a trend from recent years, the proportion of single female sellers increased in 2010. Two-fifths of seller households have a least one child under 18; this is slightly more than the share of home buyer households with children (35 percent).

The median age of home sellers was older in 2010 than in 2009. The typical age of a seller who sold a home between mid-2009 and mid-2010 was 49 – compared to 46 the previous year

One reason we look at the age factor for home sellers is that a variety of other seller demographics may correlate to the age cohort. For instance, younger sellers tended to be buyers of larger homes. Those sellers aged 18-34 years old purchased a home 100 square feet larger (median) than the home they sold, and sellers aged 35-44 years old traded up to a home that was 200 square feet larger than the home they had recently sold. The contrary is also true: older sellers tended to purchase homes that were smaller, with those aged 55-64 years old trading down the most.

Younger sellers also tended to purchase homes that were more expensive than the residence that they sold. In fact, for the youngest home sellers – those aged 18 to 34 years old – the median purchase price of the home they bought was $98,300 more than the price they achieved for the home they sold.

Tenure and Equity Earned
The typical home seller has owned their home for eight years, up from seven years in 2009, and 6 years in 2008. Sellers of detached single-family homes, which account for the largest share of homes sold, owned their home for a median of nine years. sellers of condos in buildings with five or more units had the shortest tenure at the median—6 years. Age of the home owner also corresponds with tenure. Sellers under age 34 have typically lived in their home for 5 years before selling compared with a 12-year tenure for those sellers 55 to 64 years old.

Not surprisingly, the longer tenure in a home usually generates a higher equity earned from the home when sold. The median equity in dollar value in a home sold between mid-2009 and mid-2010, that is, the difference between the purchase price and the selling price — was $33,000, which is 24 percent higher than when the seller purchased the home.. Sellers who owned a home for one year or less typically reported a greater gain when the home sold than did those whose tenure in their home was 2-3 or 4-5 years. One explanation for these large gains is that they result from the rehabilitation and resale of formerly distressed properties.

Full NAR Story

Katonah NY Homes

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Cut Your Price if Your Home Is Not Getting Offers | Pound Ridge NY Real Estate

Sellers: Price to Your Market


In this tough market, price reductions are more acceptable than they used to be, real estate broker and author Dian Hymer says. 

Certainly, they are more common because sellers have more difficulty setting reasonable prices, especially when prices change frequently. 

With buyers ignoring properties they believe are overpriced, it is especially important for sellers to quickly correct noncompetitive pricing, according to Hymer. 

Sellers should be prepared to lower their price more than once if they are out of sync with the market. The best measure is the sale prices of comparably priced properties that closed after the house was put on the market.

NAR Article

Pound Ridge NY Homes

 

Best Pizza in Pound Ridge NY | Pound Ridge NY Real Estate

When you think “Casino Royale,” you think James Bond, right? After a visit to Pinocchio in Pound Ridge that just might change.

The Casino Royale is Pinocchio’s pizza version of Clams Casino — a crispy pie topped with baby clams, slab bacon, tomatoes, white wine, garlic and roasted red peppers. It’s just like the clams appetizer at your favorite checkered-clothed Italian restaurant — only better. A lot better. So good, in fact, that the Casino Royale won the top award for best seafood pizza in the 2008 North Atlantic Pizza Show.


And that’s not the only award Pinocchio has to its name. Bruno DiFabio, who owns Pinocchio, Amore Pizza in Scarsdale and two branches of Pinocchio Pizza in Connecticut, is the 2009 U.S. champion, a six-time World Pizza champion, and he won the Best Traditional Pizza medal at the 2010 World Games at the Las Vegas Pizza Expo. (Yes, there is such a thing.)?

He has 16 medals in all, and has appeared on “Rachael Ray” and “The Today Show.” As if that wasn’t enough, this year, Food & Wine magazine named his restaurant on the West Coast, Tony’s Pizza Napoletana, one of the best new Italian spots in the country.

LoHud Story

Pound Ridge NY Homes

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Armonk Real Estate Buy of the Week | Armonk NY Real Estate

Armonk House of the Week

$649,000

Frank Lloyd Wright Designed Mid-Century Modern
by David Hencken

4 Beds
3 Baths
2068 sq ft
1.24 acres
Windmill Farm location
Taxes $13,200
listed by Houihan Lawrence

Armonk NY Homes

Armonk Luxury Homes

Robert Paul Talks About Life In Armonk NY | Weekend Real Estate Report | Armonk Real Estate

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Armonk Supervisor Puts Out Warning | Armonk NY Real Estate

 

Neighbors,

  

 The Journal News has recently reported that several homes in the communities of Hawthorne and Chappaqua have been burglarized by thieves posing as contractors.

 

The deception involves enticing a resident out of the home under the pretext of inspecting or approving work that the thief posing as a contractor claims he or she is performing on a neighbor’s property.  Accomplices enter the house and burglarize the premises while the resident is outside on neighboring property engaged in conversation with the pretend contractor.

 

Please do not leave your home to go anywhere with a stranger, and please do not invite strangers into your home.  

 

If you wish to report any suspicious activity in your neighborhood, contact the 273-9500.

Supervisor William R. Weaver

Pound Ridge NY Real Estate Market for 2011 | Pound Ridge NY Homes

Predictions for the 2011 Pound Ridge NY real estate market.

Freddie Mac analysts point to five features that they believe will likely characterize the 2011 housing and mortgage markets: 

1. Low mortgage rates. With Fed observers expecting the central bank to keep the federal funds rate at its current target range of 0 percent to 0.25 percent for most (or all) of 2011, relatively low mortgage rates will be a feature of the 2011 mortgage market. Thirty-year fixed-rate loans are likely to remain below 5 percent throughout the year, and initial rates of 5/1 hybrid adjustable-rate mortgages will likely remain below 4 percent in 2011. 

.2. Prices have hit bottom. House prices are likely to begin a gradual, but sustained recovery in the second half of 2011.  

3. Housing will remain affordable. With affordability high, many first-time buyers will be attracted to the housing market in the New Year, likely translating into more home sales in 2011 than in 2010. 

4. Refinances will dwindle. Many eligible borrowers have already refinanced and the federal Making Home Affordable  refinance program is expiring on June 30. While fixed-rate loans are likely to remain low, they will move up gradually, making it even less likely that refinances will be attractive to most home owners 

5. Delinquency rates will decline. Based on the last several business cycles, the share of loans that are 90 or more days delinquent or in foreclosure proceedings — known as the “seriously delinquent rate” — generally crests within a year of the start of the recovery in payroll employment, and this economic recovery appears to fit within that pattern. Payrolls began to rise last January, and by the spring the seriously delinquent rate had begun to fall. 

Source: Freddie Mac (12/09/2010)

Pound Ridge NY Homes

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