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Tag Archives: Westchester Real Estate
Bedford Hills NY Weekly Real Estate Report | RobReportBlob
| Bedford Hills NY Weekly Real Estate Report | 9/5/2013 | |
| Homes for sale | 34 | |
| Median Ask Price | $1,357,500.00 | |
| Low Price | $289,000.00 | |
| High Price | $30,000,000.00 | |
| Average Size | 4501 | |
| Average Price/foot | $569.00 | |
| Average DOM | 154 | |
| Average Ask Price | $3,201,112.00 |
Mortgage Rates up on Signs of Stronger Economic Recovery | Mt Kisco Real Estate
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates moving back up near their highs for the year amid recent data pointing to signs of a stronger economic recovery, as well as positive news coming from the housing and manufacturing sectors.
News Facts
- 30-year fixed-rate mortgage (FRM) averaged 4.57 percent with an average 0.7 point for the week ending September 5, 2013, up from last week when it averaged 4.51 percent. A year ago at this time, the 30-year FRM averaged 3.55 percent.
- 15-year FRM this week averaged 3.59 percent with an average 0.7 point, up from last week when it averaged 3.54 percent. A year ago at this time, the 15-year FRM averaged 2.86 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.28 percent this week with an average 0.5 point, up from last week when it averaged 3.24 percent. A year ago, the 5-year ARM averaged 2.75 percent.
- 1-year Treasury-indexed ARM averaged 2.71 percent this week with an average 0.5 point, up from last week when it averaged 2.64 percent. At this time last year, the 1-year ARM averaged 2.61 percent.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following links for the Regional and National Mortgage Rate Details and Definitions. Borrowers may still pay closing costs which are not included in the survey.
Quotes Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac.
“Mortgage rates edged up this week on signs of a stronger economic recovery. Real GDP was revised upwards to 2.5 percent growth in the second quarter of this year. In addition, residential construction spending rose for a ninth consecutive month in July. Lastly, the manufacturing industry expanded by the fastest pace in August since June 2011.”
Credit Unions Grow Mortgage Business | Bedford Real Estate
Credit unions continued to steal market share from other mortgage lenders, originating 2.5 percent more first lien mortgages in the second quarter than the first and growing 5.6 percent over the same period last year.
First mortgage real estate loans rose to $253.8 billion, up 2.1 percent for the quarter and 5.6 percent year-over-year, the National Credit Union Administration reported yesterday.
Virtually all of the mortgage business was underwritten by larger credit unions, which are responsible for most of the growth during the quarter.
“Although the industry is performing well overall, smaller credit unions continue to face challenges with making loans, generating earnings and attracting members,” said NCUA Board Chairman Debbie Matz. “NCUA is committed to providing assistance and support to ensure the viability of small credit unions so they can continue to serve local communities.”
“The increases in lending, net worth and membership are especially positive signs,”. “The brisk loan growth shows that federally insured credit unions are meeting the needs of more borrowers and putting their assets to productive use. The net worth ratio rose to 10.5 percent, its highest level since 2008. Credit union membership continues to reach a new milestone each quarter.”
Membership in federally insured credit unions reached 95.2 million, a record high, in the second quarter of 2013. Membership grew by 560,670, or 0.6 percent. Nearly 2.1 million Americans have joined a credit union in the last four quarters.
While adding members, the number of federally insured credit unions dipped to 6,681, a drop of 72. The decrease is consistent with recent trends, as most consolidations were voluntary mergers.
Federally insured credit unions reported $613.7 billion in total loans in the second quarter of 2013, an increase of $13.8 billion over the previous quarter.
The industry’s net worth ratio stood at 10.5 percent of assets at the end of the second quarter, up 34 basis points from the end of the second quarter of 2012. The ratio is at its highest level since the fourth quarter of 2008.
read more…
http://www.realestateeconomywatch.com/2013/08/credit-unions-move-into-mortgages/
Despite rising home values, millions still underwater | Cross River Real Estate
According to CNBC, three million homeowners rose above water on their mortgages this year, creating more positive equity and stability in the markets. The publication has more:
“Widespread rising home values during the past year have helped chip away at negative equity nationwide, helping many homeowners who were only modestly underwater to come up for air. For those homeowners who are deeply underwater, though, there is still a long row to hoe,” said Zillow Chief Economist Stan Humphries.
Protecting our planet is an issue that resonates with a lot of people | Pound Ridge Real Estate
Melissa Seipel, HR Manager of Global Operations, replies:
Thank you so much for your interest in a career in conservation! You don’t mention your previous work experience or professional background, but we have over 3300 staff working in fifty states and thirty five countries in a wide variety of roles. While our science and conservation staff are critical to our mission, we couldn’t do it without the contributions of men and women in fields such as marketing, finance, legal, administrative and operations, information science, fundraising, human resources — and the list goes on! At our beautiful Pine Butte guest ranch in Montana, we also hire seasonal cooks and housekeepers. We post new positions often on www.nature.org/careers and you can create a “Job Search Agent” in the locations where you would like to work and receive and email you the moment that new jobs are posted. All positions list the “basic qualifications” required and while many do require four year or advanced degrees, a large number do not. We also depend heavily on the contributions of our volunteers. Volunteering is also a great way to get to know staff in the offices and learn about what potential needs they may have in the future. If you find that the positions you are most interested in do require degrees, you may also want to explore the many evening and online degree programs available geared towards working adults, many with financial aid available. It’s never too late to pursue your dreams!
read more…
http://www.nature.org/ourscience/sciencefeatures/ask-the-conservationist-september-2013.xml?src=e.gp
The Week In Video: Mobile Video, Bigfoot And Steam Powered YouTube | South Salem Realtor

Welcome back to the ‘Week in Online Video’ where we catch up with the news and gossip from the world of YouTube, Cable, Google and all things video related. This week we take a look at how e-commerce annotations and the Content ID system are helping those who want to monetise their video content as well as some of the new tweaks YouTube have introduced.
YouTube Gives Go Ahead For E-Commerce Annotations
A huge percentage of those producing consistent, quality, relevant content on YouTube will have looked into the ways they can monetise their channel. There are many avenues to explore, all with various degrees of success depending on your approach and audience. We have a new kid on the block in the form of Subblime which aims to provide extra revenue for those that use their services. Subblime is one of the companies that YouTube have just endorsed that allow content creators to link out to third parties via their annotations. The company currently has around 40 creators signed up and confirms the CTR ranges from 20% to 50%. One to watch.
Read More at: PandoDaily
Great Moments in Mobile Video
Accessing video content via our smartphones seems as second nature as switching on the TV these days. But with the lightening fast pace of technology it’s easy to forget that the concept is only 10 years old and it’s only in the last couple of years that mobile video consumption has reached stratospheric heights. The team at Spark Qualcomm bring us the facts and figures.
See the full infographic here.
AdRev Opens Up Content ID Platform To Independent Musicians And Publishers
We’ve already touched on monetisation opportunities and the YouTube Content ID system has been an excellent way for artists to track down and often profit well from copyright infringements. AdRev, one of the biggest third party providers of tracking to the huge publishing companies such as Universal and Warner have opened up their features to smaller labels and musicians via their new ContentID.com site. Artists can upload their content to AdRev’s database for free and keep 80% of the revenue from unofficial, third party videos.
Read More at: NMR
Rhett And Link Producer Jason Inman Wants $10,000 To Go Find Bigfoot
The producer behind YouTube darlings Rhett and Link has launched a Kickstarter campaign to fund a web series tracking and finding (because it totally exists) Bigfoot. For a modest $10,000, Jason Inman and his team of Squatch Watchers – with the help of the glorious Chuck Testa – aim to do what programmes like ‘Finding Bigfoot’ have failed to, albeit restricted to filming in the California area only. Of course, Sasquatch aficionados will know that Cali was the location for the most famous sighting of all time so anything is possible. Here’s the trailer for the campaign:
Read more…
The Week In Video: Mobile Video, Bigfoot And Steam Powered YouTube http://www.reelseo.com/the-week-in-video-mobile-bigfoot/#ixzz2dq3MPEbT
Home Depot piggybacks off housing recovery | Bedford Corners Real Estate
According to CNBC, Home Depot (HD) experienced a booming second quarter, with its net earnings surging to $1.8 billion, or $1.24 a share, in the second quarter, from $1.53 billion, or $1.01 a share, a year earlier.
“I know there’s been a debate lately about the strength of the housing market,” Brian Nagel, senior equity research analyst at Oppenheimer & Co., told CNBC’s Squawk Box. “I think the housing market is recovering quite well here. And I think Home Depot is capitalizing quite well.”
A DIY Solar Expert Shares His Wisdom | Chappaqua Real Estate
Gary Reysa is a DIY solar expert and regular contributor to MOTHER EARTH NEWS. He’s been tinkering with solar projects for nine years, and he gathers data for every project he builds. We thought you’d like to learn more about the person MOTHER EARTH NEWS turns to when we have questions about home solar projects.
How did you become interested in solar power projects?
I’ve been interested in solar heating projects for quite a while — a lot of people were experimenting with solar in the ’80s, and I always found that interesting but didn’t take on any projects at the time. When we retired to Montana in 2000 — and faced the prospect of bills for 1,800 gallons of propane for a heating season — I thought it was time to get busy on some solar heating!
I’ve found solar thermal projects to be not only helpful on energy bills, but also interesting from a technical and design point of view. There are lots of opportunities for innovation in this field. It’s a great area for “garage inventors,” and I encourage people with an interest to give it a go.
What was your first homemade solar project?
The first real solar project was the thermosyphon solar heating collector for my barn. (Read about it in Build a Simple Solar Heater.) The simplicity, effectiveness and short payback of this heater got me hooked on doing more.
Whenever you build a solar project, you record data and analyze efficiency. How did you develop the knowledge required to do that?
I guess this comes out of a long career in engineering at Boeing. If you can’t measure how well version A of a design does, you don’t know where to go with version B — measuring results is the real key to improving a design. The physics and measurements of solar thermal applications tend to be pretty simple and easy to understand, which is nice.
You have tons of information about solar projects on your website, Build It Solar. What’s your favorite project?
I guess if I had to pick a single project, it would be the solar shop heater. It’s just a set of glazed doors outside of my shop’s overhead door. To let solar heat and light in, you raise the overhead door, and to keep this from being a huge night heat drain, you lower the insulated overhead door — nothing could be simpler.
The combination of solar heating and outstanding lighting that you get from this simple design transforms the shop into a great place to spend time. People look at me strangely when I pick this project as my favorite, but I really appreciate simple things that work well.
What do you think is the most important material on your website?
I have a program called The Half Plan, which is an easy and cost effective way to cut one’s energy consumption and carbon emissions in half (or more). When I read about trillion dollar programs to implement carbon sequestration for coal-fired power plants, I realized that simply not using the energy in the first place is less costly, is less technically risky, and pays a big dividend in saved fuel costs. And, it’s easy to do — we just all need to get busy and do it!
Have you ever built something that didn’t work?
Oh, if I had a nickel for every failure!
Prototypes that don’t work are the way you get to designs that do work. But, you have to set them up so that you learn from each try — this goes back to measuring results.
Do you also experiment with photovoltaic (PV) or wind-generated electricity?
I’m putting in a PV system right now. I’m doing all the work myself and learning a lot — it’s a fascinating technology. From my perspective, the negatives are that there is not much room for innovation and the payback is still not very good.
Why do you prefer to work with solar-heated air and water projects?
Read more…
http://www.motherearthnews.com/print.aspx?id={72E669F8-B0E3-4EE7-9E05-E5B8B370E495}#ixzz2dSTmj6vf
Flood insurance ‘crisis’ may hurt St. Pete Beach real estate market | North Salem Real Estate
City officials are worried that rising federal flood insurance costs for home and business owners will pummel the local real estate market and property tax revenue.
“There is a looming flood insurance crisis that is about to hit us,” Vice Mayor Marvin Shavlan told the City Commission this month.
Evidence of that crisis is already apparent as real estate sales fall through when buyers discover that their flood insurance bills could be as high as $24,000 a year, Shavlan said.
“It will significantly slow down the real estate market. People are scared to buy older homes,” agreed Jake Holehouse, an agent at Holehouse Insurance in St. Petersburg and a longtime St. Pete Beach resident.
“We are all very concerned about the outcome,” said Doug Swain, an agent at Re/Max Preferred in St. Pete Beach. Another agent lost a big sale this month because of the flood insurance rate increase, he said.
Congress, reacting to the extensive damage caused by Hurricane Sandy, changed the rules for flood insurance in July 2012 with the goal of collecting enough premiums to cover claims made under the federal program.
As a result, insurance rates are expected to sharply escalate beginning in October to rates that in many cases could be significantly higher than home mortgages.
Many homes in St. Pete Beach are below base flood elevation.
And anyone who purchased such a home after July 2012, absentee homeowners who live elsewhere 80 percent of the time, and any homeowners whose flood insurance policies lapsed or were canceled will feel the effect first, Holehouse said.
He cited an example. A home built in 1960 and 7 feet below base flood elevation was valued at $148,000 when it was purchased in March but will have an annual flood insurance premium of $22,400.
Similarly, Holehouse said, the new owner of a 1956 home 8 feet below flood level is now paying $1,960 but will have to pay $29,100 after Oct. 1.
read more…





Enjoy a guided tour of Wildflower Island, Teatown’s unique two-acre sanctuary that is home to over 230 species of wildflowers and shrubs native to our area.


Recapture your camp days and reconnect with former camp friends at Teatown’s first camp alumni event! The event is free of charge and open to all camp alumni who have aged out (age 15 and over), counselors and their families. A pizza truck will serve food, beer and soda. Live music will add to the festivities, as well as guided hikes along the Teatown trails.