Tag Archives: Armonk Luxury Real Estate

Armonk Luxury Real Estate

Obama Scorecard: Despite improvements, housing remains fragile | Armonk NY Homes

Despite strong improvements in home prices, purchases of new homes and sales of existing homes, officials caution that the overall recovery remains fragile, the Obama administration said in its latest October housing scorecard.

“As indicated in the October housing scorecard, the Administration continues to work to stabilize the housing market and help responsible homeowners get back on their feet,” said the Department of Housing Urban Development Deputy Assistant Secretary for Economic Affairs Kurt Usowski.

“With homeowners’ equity at its highest level since 2007 and home prices increasing steadily, it is clear that we are moving in the right direction.  As our housing market regains stability, it seems the time is ripe for private capital to begin taking a larger role in the housing finance system,” Usowski added.

Home prices maintained their steady growth, with S&P Case-Shiller home price index rising to 164.5 in October from 162.4 last September. Year-over-year the index is up from 145.8 the same period a year ago.

Existing homes sales took a dive down, as sales dropped to 440,800 in October to from 449,200 in September, according to the latest data from the National Association of Realtors. However, this is significantly up from 398,300 in October 2012.

Homebuilders are heading into their peak season, with more than 75% of annual homebuilder returns historically generated in the November-to-January timeframe. Following past trends, new home sales rose to 35,100 in October, up from 32,500 in September and 31,200 October 2012, data from the U.S. Census Bureau and HUD reported.

The supply of existing-homes for sale remained fairly unchanged, as inventory inched up from a 4.9-month supply in September to a 5-month supply in October, NAR posted. Meanwhile, the supply of new homes for sale slightly dipped to a 5-month supply in October, compared to a 5.2-month supply in September, the Census Bureau and HUD said.

In addition, the industry took a slight step back in progress, with foreclosure starts increasing to 58,000 in October, from 55,800 last month, the most recent RealtyTrac found.

Furthermore, mortgage delinquency rates for prime borrowers remained frozen at 3.3% in October, according to Lender Processing Services.

 

 

 

Barbara Corcoran, ‘Shark Tank’ star, says rejection helped build successful real estate career | Armonk Real Estate

Straight D’s in high school, 20 jobs before she was 23, and a $1,000 loan from a boyfriend — who would have thought that the woman with this resume would become one of the most successful real estate entrepreneurs in the world?

 

At the California Association of Realtors Expo last month, Barbara Corcoran, founder of the Corcoran Group and star of TV’s “Shark Tank,” shared important insights that can help every Realtor who is struggling with their business and/or their personal life. Here are three of the most important points that she shared: 1. Make the most of what you’ve got Each of us has different strengths. Corcoran shared a story about when she was working as a waitress.

 

Apparently, one of the other waitresses was very well endowed and had an unorthodox style of serving food that had almost all the men sitting in her section. When Barbara turned to her mother for advice about how to attract more male customers to her counter, this was her mother’s advice: “If you don’t have big breasts, put ribbons on your pigtails.”This later became the title of her best-selling book that highlighted many of the key lessons that she learned from her mother.

 

The point is that the way you compete is by doing what is unique and authentic to you, not by trying to be something that you’re not. 2. “I’m great at failure”Corcoran’s life story is filled with failures: Straight D’s in school and 20 jobs before age 23 says it all. Corcoran’s life changed, however, when Ramone Simone sat down at her counter.

 

She immediately fell in love and set her sights on marrying him. Simone and Corcoran started a small real estate company. The company was beginning to do well when Simone announced he was in love with the company’s secretary and intended to marry her. It took Corcoran 18 months before she cut the ties because she couldn’t envision herself in business without him.

 

After they finished splitting the business assets, Ramone’s parting words are what spurred Corcoran to her success: “You will never succeed without me.”Her response was, “I would rather die that let him see me fail.”

 

 

– See more at: http://www.inman.com/2013/11/07/barbara-corcoran-shark-tank-star-says-rejection-helped-build-successful-real-estate-career/#sthash.RCwa3T7E.dpuf

BofA CEO: Housing market is fairly stable | Armonk NY Real Estate

According to The Wall Street Journal, Bank of America (BAC) CEO Brian Moynihan said the U.S. housing market is fairly stable, as consumer spending stays solid and the shutdown fails to hinder progress.

Big banks have seen their mortgage banking income decline in recent quarters as refinancing activity fizzles. But Mr. Moynihan said that a decrease in refinancing activity is not indicative of the strength of the overall U.S. housing market. Instead, he said that home purchases, which have grown slightly since the beginning of the year, are what spurs broader economic growth.

He added that he believed the Federal Reserve would keep rates low until the economy starts to show greater signs of growth.

Moynihan also spoke about how the bank has spent more than $40 billion to date putting its legal troubles behind it. He wouldn’t say whether he thinks the government is unfairly “shaking down” big banks with penalties for crisis-era behavior.

                    Source: WSJ

Ten of the Tiniest Apartments For Sale in New York City | Armonk Real Estate

While we all wait with baited breath for the city-sanctioned micro units to hit the market some time in 2015, there are already plenty of apartments throughout the city worth noting for their extreme smallness. We’ve looked at a number of them before, some impressive, some less so. Just for kicks, let’s take a peek at ten of the smallest apartments for sale in the city right now (based off apartments on Streeteasy that list square footage), starting with this 275-square-foot studio on Macon Street in Bed-Stuy, asking $143,850. All cash required.

This For Sale By Owner in Soho, also 275-square-feet, is asking $295,000, or just over $1,000 per square foot. Good news: it has a bathroom. Bad news: the wall separating the bathroom from the kitchen is about three feet high.

On the Upper East Side, this 300-square-footer has been on the market for almost three years and just upped its price to $750,000 ($2,500 per square foot). The shower appears to basically be a walled-off corner.

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Originally listed for $199,000 in October of 2011, this 300-square-foot studio in Murray Hill is down to $145,000, less because of the size than because it comes with a rent-stabilized tenant in place.

This 300-square-foot studio in Yorkville is essentially a short hallway with a bathroom and a kitchen, but props to the brokers for the excellent and un-deceptive photography. It’s asking $279,000.

Someone paid $329,000 for this 300-square-foot pad in Lincoln Square in 2011, and decided they wanted out less than two years later. The price was chopped for the second time last month, down to $324,700.

 

http://ny.curbed.com/archives/2013/11/05/ten_of_the_tiniest_apartments_for_sale_in_new_york_city.php

 

Pour a #Concrete Floor | #Armonk Real Estate

Concrete floors are a major component of many buildings, from homes and garages to shops and sheds. Pouring a polished concrete floor is hard work, and it takes skill, strength and tools. You may wish to have this job done by the best concrete contractors Yakima WA, but you can do it yourself. The tools can be rented at many rental places, and the skills are not very difficult to learn. If you’re undecided as to whether to do it yourself or have the job done by a professional, the following steps on pouring both a slab or in-foundation floor illustrate the basics and may help you decide.Well many of experts female also gives their opinion about concrete sealers,you can check her latest blog.

A concrete slab on which a building is erected is a fairly simple concrete pour, but it takes more work in creating the forms needed to hold the concrete. A pour within a foundation requires little in the way of forming, but in some cases can be a bit more difficult to pour, especially on larger projects. Regardless of the type of pour, or whether you do it yourself or have the job done, the first step is to check with local building codes and regulations, and acquire any permits needed.

The first step is to lay out the slab, making sure it is square. Batter boards and strings are used to establish the building perimeter.

Creating a Slab

First step is to lay out the slab. Take your time with this step and make sure you get it right. Lay out the slab incorrectly, and the building can be a nightmare. The slab must be square. Mark the outline of the building with stakes at each approximate corner. Drive a nail into the top of the stake and, using a tape measure, measure diagonally from stake to stake. The measurements must be equal. Move the stakes in or out to create equal diagonal measurements.

Another method is to place string lines on the nails to mark a rectangular perimeter. Measure and mark 3 feet on one string and 4 feet on the adjoining line. The distance between these two marks should be 5 feet. Again, move in or out as needed.

After the corners are determined and the building laid out square, batter boards are used to create a permanent perimeter mark at all corners. These will stay in place until the forms for the slab have been constructed. Two-by-4 stakes are driven solidly in place and boards nailed to their outer edges. The batter board tops should be level with each other. A string line and string level or laser level can be used to make sure all boards are level with each other. Once the boards are established, a string line is run for all sides of the slab. A plumb bob is used on the intersection of the strings to position their crossing points, or the building corners, directly over the nails on the original stakes.

Mark the outline of the slab with lime, following the string lines. Then dig up the area and remove sod and debris. The area is normally recessed slightly, but the top of the slab must be well above ground level or fill level. In many instances the slab is raised and soil filled in around it to create a slope to drain rainwater away from the slab. In some instances local codes may require a footing be poured before the slab. In other cases, a “stiffener” method may be used, digging a deeper area below the frost line around the perimeter of the slab

– See more at: http://extremehowto.com/pour-a-concrete-floor/#sthash.VRZgeUKm.dpuf

Rise in interest rates could be overdone, or just starting | Armonk Real Estate

 

The first week of each month always brings the most news, the most important news and the newest news. The net result of this week’s load: a brief pause in the next leg up in long-term rates.

For 40 years, one of the most reliable economic indicators has been the monthly survey of manufacturing purchasing managers, renamed “ISM” (don’t ask). For August that value jumped to 55.7 (50 is breakeven, 60 a runaway) in an uptrend beginning early this year of the kind historically telling the Fed that it’s time to pull back.

The companion ISM for the five-times-larger service sector has a history less than half as long, thus a suspect indicator but rocketed to 58.6 in August.

After those two releases, the 10-year T-note on Thursday touched 3 percent, and mainstream low-fee mortgages reached 5 percent.

Today’s job data bought us some time, the 10-year down to 2.9 percent, mortgages in the high 4′s.

The headline 169,000-job gain was enough to maintain Fed-fear, but not the 74,000 jobs revised out of June-July, not the 2.2 percent year-over-year increase in wages (nominal; negative after inflation), and not the jobs themselves, heavy on the low-end.

– See more at: http://www.inman.com/2013/09/06/rise-in-interest-rates-could-be-overdone-or-just-starting/#sthash.tpBPTOi2.dpuf

 

 

Rise in interest rates could be overdone, or just starting | Inman News.

Armonk Weekly Real Estate Report | Armonk NY Real Estate for Sale

Armonk   NY Weekly Real Estate Report8/29/2013
Homes for sale84
Median Ask Price$1,737,000.00
Low Price$395,000.00
High Price$17,000,000.00
Average Size5188
Average Price/foot$433.00
Average DOM159
Average Ask Price$2,349,718.00

When the Fresh Prince Meets Google Translate, Awesome Ensues | Armonk NY Real Estate

A couple of years ago, we saw Rhett & Link put a telephone conversation through YouTube’s caption generator, and the video was hilarious.  Now, YouTube’s Collective Cadenza, or “cdza,” has run the “Fresh Prince of Bel Air” theme song through Google translate several times through several languages, and the results that they received back became this entertaining video, where the song is sung with new lyrics.  One day, captioning and voice recognition won’t be so comical.  But today, it is, and it brings us some fine entertainment.

Fresh Prince: Google Translated

Here you go:

0 When the Fresh Prince Meets Google Translate, Awesome Ensues

Once again, translating technology gives us a good, hearty laugh.  People in the future must be rolling on the floor at our primitive computer translating.  But hey, what do you expect when so many languages have so many different rules?  Right now, that requires a human to correct the intent and meaning.  And thus, laughs ensue when the computer fails to recognize these differences.

This channel has a unique vibe to it, playing around and having fun with music in a variety of ways.  Their very first video covered “lyrics that aren’t really lyrics” and it chalked up over a million views.  That’s right, on their first try:

0 When the Fresh Prince Meets Google Translate, Awesome Ensues

Another big hit was when they sang “misheard lyrics:”

0 When the Fresh Prince Meets Google Translate, Awesome Ensues

The channel is fairly new, with 16 videos, so it becomes a sort of “one to watch” in the upcoming year.  If they continue to have fun with music like this, they’ll be a surefire brand name on YouTube.