Monthly Archives: May 2015

Lady Violet’s ‘Downton Abbey’ home for sale | #Waccabuc Real Estate

Savills
The dowager countess’s witticisms not included.

If you missed out last year on the listing of the “Godfather House” on Staten Island in New York, maybe this home is more up your abbey — er, alley.

Byfleet Manor, in Surrey, just southwest of London, and dower home to Maggie Smith’s character Lady Violet Crawley in the PBS series “Downton Abbey,” is on the market, according to real estate broker Savills. The price? £3.95 million,or $6.1 million. The Georgian-style brick home, built in 1686 and set on 19 acres, has a walled courtyard, eight bedrooms and four reception rooms — and it’s just 20 miles from central London.

“You get a lot of house for your money,” said Simon Ashwell, the Savills agent who is listing the home for Julie Hutton, the current owner, who bought Byfleet Manor about 10 years ago for £1 million.

Byfleet Manor isn’t one to avoid the cameras. The house also starred in the series “Poirot” and “Cranford” and was the stand-in for Cinderella’s home in the 2014 movie “Into the Woods” with Meryl Streep and Johnny Depp. When it comes to “Downton Abbey,” the home has served as Lady Violet’s house since 2010 after the location agent from the PBS series “Cranford” suggested it to the show’s producers. “We wanted to deliberately pull Violet back into that Georgian world,” Donal Woods, the production designer for “Downton Abbey,” told Savills.

 

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http://www.marketwatch.com/story/lady-violets-downton-abbey-home-for-sale-2015-05-12

Behold, the 15 Oldest Houses For Sale in NYC Right Now | #Katonah Real Estate

New York City may have nothing on Europe when it comes tohistoric architecture, but compared to the rest of the country, things here can be pretty darn old. The age between one building and the next on a New York City block can span a century, and to prove it, we’ve picked through the 15 oldest houses for sale in New York City right now with the help of StreetEasy. Here’s a hint about how old they get: the oldest house on this list is way older than Canada and lightbulbs, and was built the same year Thomas Jefferson died. Curious? Read your way through the list to find out just how old the oldest house on the market is.

 

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http://ny.curbed.com/archives/2015/05/12/

#FoxLane High School Ranks Among New York’s Best | #Bedford Real Estate

John Jay and Fox Lane high schools have been ranked among the best in New York State in rankings by U.S. News & World Report released Tuesday.

JJHS was ranked 35th in the state, good for 10th-best in Westchester County.

John Jay’s student population of 1,189 exceeded the state average in all of the surveys major metrics, which included: College readiness, mathematics proficiency and English proficiency. The school also boasts an Advanced Placement participation rate of 78 percent.

FLHS was ranked 46th in the state, good for 14th-best in Westchester County.

Fox Lane’s student population of 1,394 met or exceeded the state average in all of the surveys major metrics, which included: College readiness, mathematics proficiency and English proficiency. The school also boasts an Advanced Placement participation rate of 64 percent.

Several other high schools in Westchester County were ranked in the top 50 in the state, including:

  • Blind Brook (No. 9)
  • Rye (No. 11)
  • Yonkers Middle/High School (No. 18)
  • Hastings (No. 24)
  • Horace Greeley (No. 25)
  • Byram Hills (No. 27)
  • Edgemont (No. 29)
  • Briarcliff (No. 31)
  • Irvington (No. 32)
  • John Jay (No. 35)
  • Pleasantville (No. 36)
  • Ardsley (No. 43)
  • Rye Neck (No. 39)
  • North Salem (No. 49)

The top ranked high school in New York was The High School of American Studies in the Bronx.

 

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http://mtkisco.dailyvoice.com/schools/fox-lane-high-school-ranks-among-new-yorks-best

Freddie reports average mortgage rates rise | #Bedford Real Estate

Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates following 10-year Treasury yields higher.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 3.80 percent with an average 0.6 point for the week ending May 7, 2015, up from last week when it averaged 3.68 percent. A year ago at this time, the 30-year FRM averaged 4.21 percent.
  • 15-year FRM this week averaged 3.02 percent with an average 0.6 point, up from last week when it averaged 2.94 percent. A year ago at this time, the 15-year FRM averaged 3.32 percent.
  • 1-year Treasury-indexed ARM averaged 2.46 percent this week with an average 0.4 point, down from last week when it averaged 2.49 percent. At this time last year, the 1-year ARM averaged 2.43 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 theRegional and National Mortgage Rate Details and Definitions. Borrowers may still pay closing costs which are not included in the survey.

Quotes
Attributed to Len Kiefer, deputy chief economist, Freddie Mac.

“Mortgage rates rose this week to the highest level since the week of March 12 as a selloff in German bunds helped drive U.S. Treasury yields above 2.2 percent. The U.S. trade deficit reached $51.4 billion in March to the highest level since 2008. Also, the Institute for Supply Management’s manufacturing index was unchanged in April, but manufacturing employment contracted as the index fell below 50 for the first time since May 2013.”

Slow but Steady Climb Back to Normal | Pound Ridge Real Estate

Local economies continue to move toward economic and housing normality according to the NAHB/First American Leading Markets Index. The national index moved one percentage point to .91 in the first quarter of 2015 and 4 percentage points from the same quarter last year.

The index measures proximity to normal through three elementary indicators of economic and housing stability: the level of single-family housing permits, home prices and employment as compared to the last period of normality for each. A value of one means that indicator has returned to normal. The three are averaged for a single measure. More than 350 metropolitan areas are scored in this fashion.

In the first quarter of 2015, 68 markets or metropolitan areas had an index value of one or greater, an increase of 7 markets in one year. The increase is heavily driven by the increase in metro areas employment index. The number of markets back to or above normal in employment levels increased from 30 to 56 over the year. The number of markets returning to house price levels last seen in the early aughts has remained high at 95% of all metros measured. The slowest indicator to return to normal has been single-family permits as only 7% of the listed metros are issuing as many or more permits compared to the early aughts.

The markets leading in recovery are leading in employment and vice versa. Strong employment growth leads to the need for more homes and the markets showing the greatest improvement are in strong employment markets, primarily in energy production and refining. Half of the 68 metros with an index value of one or above are in the oil/energy belt in the middle of the country.

Note: The publicly available data used to compute the LMI reflects the updated boundaries and list of Metropolitan Statistical Areas made by the Office of Management and Budget (OMB) as a result of the 2010 Decennial Census. The historic data used for comparison were also updated to reflect post-2010 geography.

 

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http://eyeonhousing.org/2015/05/

The Hills Are Coming to Life on Governors Island | Bedford Corners Real Estate

In the middle of the New York Harbor, where unused, decades-old buildings once stood, four hills are taking shape, sloping up toward the sky and pointing to the Statue of Liberty. The man-made mounds are the newest parkland on Governors Island, and when they open in 2016, visitors will be able to climb 80 feet up to see some of the best views anywhere in the city. Giant slides, wooded pathways, and grassy lawns will cover the hills, which are constructed entirely out of fill and debris from the buildings that used to occupy this part of the island. Dutch architecture firmWest 8 designed the new landscape, and the Trust for Governors Island took the first visitors to the hills last Friday during a Jane’s Walk with the Municipal Arts Society.

IMG_4638.jpg[Looking north from the top of Outlook Hill over the rest of the park toward Manhattan.]

The hills are the final piece of the island’s new 30 acres of parkland, all designed by West 8. Last year, Liggett Terrace, the Play Lawn, and Hammock Grove opened, giving park-goers rolling hills and a forest (well, what will eventually be a forest) with 60 species of trees. The new park was created with climate change and rising sea levels in mind (the Dutch know a thing or to about floods), so the landscape is flood-resistant.

IMG_5523.jpg[Walking through Hammock Grove.]

When the hills open, they will be the southern most feature of the island that is open to the public, though they will eventually be joined by future developments. To get to the hills, visitors walk through the Hammock Grove, where the trees are starting to fill in. Ellen Cavanagh, the Director of Planning at The Trust for Governors Island, explained that since the climate on the island is harsher than inland, they deliberately chose young trees so they can establish their roots and become stronger over time. As such, they only lost eight trees in the first year.

IMG_5527.jpg[At the base of the hills.]

The hills are located just south of the new ball fields, and currently, they are just giant piles of dirt. Grassy Hill, the smallest of the bunch, is at full height, and when you walk to the top, it feels like you’re well above the rest of the island, but Cavanagh points out that the elevation is no greater than the highest point in Hammock Grove, about 27 feet up.

IMG_5533.jpg[Climbing up Outlook Hill.]

At 70 feet, Outlook Hill will be the tallest. Currently, it stands at 50 feet, and it already feels incredibly tall compared to everything else around it. Cavanagh says they have been able to build at 10 feet a month, but after each level of fill is molded into place, they have to pause for it to settle and monitor it so it doesn’t move. All of the fill and debris that the hills are made from came from other parts of the island, including those buildings that they imploded in 2013.

IMG_5547.jpg[On top of Grassy Hill.]

The hills are currently on schedule to open in 2016, but Cavanagh says that could change. “We are designing with nature and nature doesn’t always cooperate with your construction plans.”

Declines for Residential Construction Spending in March | #Chappaqua Real Estate

NAHB analysis of Census construction spending data finds that over the last year, the pace of private single-family construction spending increased 7.8% and multifamily construction spending increased 23.4%, despite monthly declines for March.

For the month, the seasonally adjusted annual rate of single-family construction spending was $200.7 billion, down 1.8% from February. The March rate of multifamily construction spending was $49.2 billion, 2.1% lower than February.

The construction data (indexed in the graph below, so that the January 2000 pace is equal to 100 for both variables) illustrate the degree to which multifamily spending is thus far leading the recovery for the residential construction sector. NAHB expects gains for multifamily to slow in 2015, while single-family construction increases.

constr spending_res

It is worth noting that the Census measure for total private residential construction spending shows a 2.6% year-over-year decline, despite annual gains for single-family and multifamily development. This decline is due to a decrease in the separate improvement category, which contrasts with other measures, including theNAHB Remodeling Market Index, which indicates strength for the home improvement sector.

From March 2014, the pace of combined public and private non-residential construction spending increased 4.7% on a seasonally adjusted annual rate basis to $611.8 billion. From February 2015, non-residential spending was effectively flat, declining 0.1%.

constr spending_res_nonres

The largest year-over-year gains for nonresidential construction spending have been experienced by the classes of manufacturing-related construction (50.7% gain), amusement/recreation (23.8%), lodging (22%), office (19.8%), and sewage/waste disposal (19.6%).

 

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http://eyeonhousing.org/2015/05/declines-for-residential-construction-spending-in-march/