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Price and Rate Hikes Hit New Homes | Armonk NY Homes

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Both the price of new homes and the cost of mortgages to buy rose in August.  New home prices rose an average of $6,000 and loans rose 26 basis points.

In August, both the contract and effective rates on new home loans were higher than they’ve been at any time since September of 2011.  Interest rates on conventional mortgages used to purchase newly built homes increased for the third month in a row, according to data released last week by the Federal Housing Finance Agency (FHFA).  After rising by roughly 1 tenth of a percentage point in June and roughly 4 tenths in July, the average contract interest rate on conventional loans for newly built homes increased by another 26 basis points in August, to 4.20 percent.

The average initial fee on the new home loans dipped slightly, from 1.11 to 1.06 percent.  That was  not nearly enough to offset the increase in the contract rate, so the effective rate on the loans (after amortizing the initial fees) also increased by 26 basis points, to 4.33 percent.  Meanwhile, the average term on conventional new home loans continues to hover around 28 and half years.

After two months of declines, the average size of new home loans and price of the homes purchased with the loans both increased in July.  The loan amount increased for the second month in a row, to $308,300, while the loan-to-price ratio remained relatively constant at 78.7 percent.  As implied by those numbers, the average price of new homes purchased with conventional loans increased by $6,000, to $400,400-marking only the second time in 2013 that the price has been as high as $400,000.

 

http://www.realestateeconomywatch.com/2013/09/price-and-rate-hikes-hit-new-homes/

 

Generate leads by the thousands with Facebook photo contests | Armonk Real Estate

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Editor’s note: This post explores a marketing tactic submitted by Dream Town Realty, the most recent winner of #madREskillz, a weekly Inman News Twitter competition.

One day this summer, a University of Chicago student biking to school was struck by how a sculpture featuring figures holding their heads in exasperation seemed to mirror the mood of many of his college peers, who at the time were mired in finals week, according to Yuval Degani, president of Dream Town Realty.

Captured by the parallel, he whipped out his smartphone and shot a photo of the angsty figures, Degani said.

That proved to be a smart move on the student’s part: The photo ultimately bagged him $2,500, after garnering the most votes in a Facebook photo contest hosted by Dream Town Realty.

Cash prizes were just one aspect of the robust marketing campaign that Dream Town held over the summer. The competition’s success demonstrates that hosting photo contests can help catapult a broker’s Facebook following and boost online engagement.

Calling for submissions of photos of the Windy City, “Chicago in Focus” helped Dream Town collect more than 4,000 likes on its Facebook page in just one month, more than tripling the amount the page had gathered over the four previous years of its existence.

 

 

 

– See more at: http://www.inman.com/2013/09/26/generate-leads-by-the-thousands-with-facebook-photo-contests/#sthash.IZt7POmF.dpuf

Tag Sales In And Around Armonk | Armonk Homes

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Several tag sales are taking place in Northern Westchester County this weekend:

A resident of Bedford is hosting a moving sale between 10 a.m. and 4 p.m. on Saturday and Sunday.

A tag sale will be held at 720 North Bedford Rd. in Mount Kisco between 10 a.m. and 5 p.m. from Tuesday to Saturday and between 12.00 p.m. and 5.00 p.m. on Sunday.

A resident of Cortlandt Manor is hosting a moving sale by appointment.

35 North Riverside Ave. in Croton is hosting a tag sale between 10 a.m. and 3 p.m. on Saturday.

30 Pine Hill Dr. in South Salem is hosting a tag sale between 10 a.m. and 4 p.m. on Friday and Saturday.

24 Mead St. in Waccabuc is hosting a moving sale between 9 a.m. and 3 p.m. on Saturday and Sunday.

A resident of Mount Kisco is hosting a tag sale of warm mist humidifier by appointment.

165 Bradhurst Ave. in Hawthorne is hosting a tag sale between 9 a.m. and 4 p.m. on Saturday.

548 Sherman Ave. in Thornwood is hosting a garage sale between 10 a.m. and 4 p.m. on Saturday.

Grandview Lane in Thornwood is hosting a moving sale between 10 a.m. and 2 p.m. on Sunday.

15 Rockhagen Rd. in Thornwood is hosting a tag sale between 9 a.m. and 5 p.m. on Saturday.

A resident of North Salem is hosting a moving sale by appointment.

Reis Park on Route 139 in Somers is hosting a tag sale between 9 a.m. and 4 p.m. on Saturday.

A resident of Peekskill is hosting a tag sale by appointment.

A resident of Pound Ridge is hosting a moving sale by appointment.

Veterans Road in Yorktown Heights is hosting a tag sale between 8 a.m. and 3 p.m. on Sunday.

225 Chadeayne Rd. in Yorktown is hosting a moving sale on by appointment.

1663 Hanover St. in Yorktown Heights is hosting a tag sale between 9 a.m. and 4 p.m. on Saturday.

19 Central Way in Somers is hosting a tag sale by appointment.

Catasauqua Road in Buchanan is hosting a garage sale between 8 a.m. and 1 p.m. on Saturday.

Passyunk Avenue on Montrose Street is hosting a yard sale between 10 a.m. and 1 p.m. on Saturday.

43 Wilton Rd. in Pleasantville is hosting a huge tag sale between 10 a.m. and 4 p.m. from Friday to Sunday.

9 Vista Court in Pleasantville is hosting a moving sale between 2 p.m. and 5 p.m. on Saturday.

 

 

 

http://armonk.dailyvoice.com/neighbors/tag-sales-set-northern-westchester

How Much Does it Cost to Install Windows? | Armonk Real Estate

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Windows can bring light and warmth, provide views, beautify inside and out and add tremendous value to your home. They also can let in the elements and intruders that put your home at risk. That’s why windows – quality windows – must be considered an important investment. The cost of windows will depend on the type, dimensions, materials used, security features, the complexity of the installation, and, of course, the number of windows needed.
Number of Windows

Generally, the more windows you need to install, the more expensive the installation price. But installation professionals will charge less per window if you install several at the same time. So if you’re thinking about only replacing a couple of windows, it might make sense for you to talk to your pro about the cost of installing multiple windows at one time. It may save you money in the long run.  Continue Reading

Window Sizes

Windows tend toward different dimensions depending on where they’re needed. Living rooms typically have larger picture windows hung in multiples ranging from 3×4′ to 6×6′. Standard bathroom windows are quite a bit smaller, ranging from 2×1.5′ to 2×3′. Major window manufacturers can customize windows to any dimensions, but be aware that you may pay more for odd sizes.

Window Sash Materials

Vinyl windows are inexpensive and require little or no maintenance. They’re also extremely durable; changes in humidity don’t cause them to swell or shrink. Most vinyl window manufacturers stand behind their products with strong warranties. Their greatest drawback is that they’re not as sturdy or attractive as wood. Wood frames, on the other hand, cost more and require much more maintenance. Fail to repaint and finish wooden window frames and they become susceptible to the elements. But all that work and money can be worth it for the classic, authentic architectural appeal of wood. That’s why some historical neighborhoods have covenants requiring that windows be framed with wood. New composite windows attempt to capture the best of both worlds by mixing PVC polymers with wood fiber to create a stronger, more attractive synthetic window frame.

Window Panes

New windows can save you considerable money on your utility bills and make your home more comfortable. Windows are rated by the U-factor. The lower the U-factor, the more energy efficient and higher the initial cost. You’ll pay more for double-pane windows, but they will pay for themselves over time. Experts say double-pane windows can save up to 24 percent in cold climates during the winter and up to 18 percent in hot climates during the summer. More about double-pane options.

Other Window Cost Factors

Replacing existing windows is, of course, usually cheaper than cutting walls for new ones. You might consider talking to both your contractor and a security firm about how to make your windows safe from burglars. Also, be aware that windows above the first floor may be more expensive to install because of access issues.

Armonk Election Season Heating Up | Armonk NY Homes

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Armonk Politics:

Dear Neighbor,
On November 5, our town faces an important election.  I am running for Supervisor against Howard Arden, and I’d like to take this opportunity to introduce my running mates for Town Board, Barry Reiter and José Berra.  I urge you to support them as their experience and abilities will help me in continuing to protect the taxpayers of our town.
Barry Reiter and José Berra are joining me in bringing the right change to our community.  We strongly oppose the way Diane Roth, Howard Arden, and John Cronin have been running our town, as this “ruling majority” has brought a disrespectful, arrogant, and secretive approach to North Castle.  Instead of basing decisions on facts, too often false personal attacks are used to get their way (the latest example is the inexcusable campaign of a vicious character assassination conducted during the Republican primary).  Too often they are not honest with the residents, treat them with disdain, and focus more on their own personal agendas then with your priorities.
José Berra and Barry Reiter provide a superior alternative for the Town Board than what we’ve seen from Diane Roth and John Cronin.  Both Barry and José offer excellent professional experience coupled with a clear commitment to our community.
Barry Reiter is an expert on budgeting and resource management as a local business owner, which are important skills that will help protect our taxpayers.  In addition, Barry is truly committed to our community.  From serving on the Byram Hills Education Foundation that benefits our children, to chairing NC4 (North Castle Citizen Corps Council), to coaching AYSO soccer, to volunteering in Boy Scout Troop 94, Barry understands the importance of giving back to our town.  Any of the more than 2000 residents that passed through the Herganhan Recreation Center for comfort during Hurricane Sandy understand Barry’s commitment to his neighbors, as he managed that facility 24/7 as Chairman of NC4. Barry is a respected fiscal conservative and is endorsed by both the Democratic and Conservative parties.
José Berra has lived and volunteered in North Castle for nearly 25 years and possesses an exceptionally strong combination of financial, business, analytical, and legal skills.  José is a CPA and attorney who earned his law degree from the University of Chicago Law School.  He is uniquely qualified scrutinize the town’s finances and to help improve deteriorating town roads and services in a fiscally responsible manner.  José knows the importance of giving back to our community and among other things has volunteered every year for almost 20 years for the Friends of the North Castle Public Library at the Armonk Outdoor Art Show.  José has been enthusiastically endorsed by the Democratic and Independence parties and has strong support throughout North Castle.
Barry, José, and I want to bring responsible, respectful leadership back to our community.  We hope you will support us on November 5 and we look forward to talking with you in the weeks to come.

Sincerely,

Mike Schiliro

www.electmikeschiliro.com

I’ll Have the Same: How to Design With Monochromatic Color | Armonk Real Estate

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We’re taught from an early age that overindulgence is a bad thing. But sometimes it can be very, very good.
Repeating a single color throughout an entire room can be not only beautiful, but relatively easy to pull off. No worrying about whether the curtains go with the carpet. When everything’s the same color, it’s usually a match.
Granted, the look can be overwhelming. It works best in contained spaces where you don’t spend a lot of waking hours, such as a bedroom. And while it’s possible to match the color precisely in every detail, it’s better (and easier) to vary the shade a bit — in terms of both hue and intensity, and texture and sheen. That keeps the repetition interesting.

modern bedroom by Amy Lau Design

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One of the appealing things about a monochromatic interior is that colors you’d think would be too overpowering on their own become more demure when used en masse. The sheer quantity dilutes their ability to shock and makes even a strong color, like acid green, feel restful.
When working with bright colors, be mindful of the amount of light the room gets: This space could be blinding if it got a lot of intense, direct sun.
by Chambers + Chambers Architects

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This charming bedroom merges shades of pink, orange and coral. They have more depth and visual interest together than a single shade would have, and also contribute to the room’s casual feel.
contemporary kids by Melanie Coddington

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Although the patterns in this girl’s room don’t match, they all work together because they share a common color. Liberal additions of white prevent the blue from overwhelming the space and add to the tranquil atmosphere.
traditional living room by Kendall Wilkinson Design

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The combo of blue and white is a seaside staple. But in this San Francisco home, the variations in hue and solid planes of color banish some of the sweetness, making the scheme feel fresh and more contemporary.
eclectic bedroom by HERMOGENO DESIGNS

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Pink has such feminine connotations, we’re often afraid to use it outside a bedroom. But inside a bedroom — watch out! Pink fabric upholsters the walls and bed in this boudoir, making the softness not just visual but tactile.

Byram Hills students chosen for all-state and national music honors | Armonk NY Real Estate

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Six Byram Hills High School students recently learned they would be performing in upcoming national and state concerts.

Senior Max Levy earned a spot in the 2013 All-National Honor Chorus sponsored by the National Association for Music Education. Five other students were chosen to perform with All-State ensembles organized by the New York State School Music Association:  Eden Gordon, Thomas Kelly and William Benish, who were selected for the Mixed Chorus; Nicole Weisner, who will sing in the Women’s Chorus; and Zachary Berro, who will play clarinet in the Symphonic Band. Berro was also selected as an Alternate for the Alto Saxophone. All are seniors except for Gordon, who is a junior.

“We take great pride in our musical ensembles here at Byram Hills High School,” Principal Chris Borsari said in a press release submitted on behalf of the school district. “It’s always gratifying to see outside adjudicators be as impressed with our students’ musical talents as we are.”

The students sing and play in a variety of high school music groups – including Choir, Jazz Choir, Jazz Band and Wind Symphony. They have sampled the school’s varied music offerings, taking courses ranging from Guitar Workshop to AP Music Theory, depending on their interests. What unites them is a love of music and performing, whether that means belting out a song in the school musical or singing the National Anthem at a home basketball game. If you want any information related to Music you should visit to caloundramusicfestival.com.au website. this History related info of music helps you to find the more history of music.

http://northernwestchester.lohudblogs.com/2013/09/26/byram-hills-students-chosen-for-all-state-and-national-music-honors/

World’s Richest Woman Lists Wyoming Estate For $12.5M | Armonk Real Estate

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Christy Walton, the richest woman in the world, has put her 2.45-acre Wyoming estate on the market for $12.5M. Yesterday Forbes named her as No. 6 on its Forbes 400, a rank she held last year, and calibrated her fortune—which she inherited from her late husband, a son of Wal-Mart Stores Inc. founder Sam Walton—at $35.4B. To summarize: even if the estate commands its asking price, Walton probably won’t bat an eyelash. In fact, after her husband’s 2005 death, Walton went so far as to donate—yes, donate—the stately 1896 Victorian where she had raised her family, in National City, Calif.

About this Teton Village property: it’s “an architectural masterpiece,” according to the brokerabble, with 200-year-old reclaimed-oak floors, Albertini windows, cathedral ceilings, a two-bedroom, turn-of-the-century guest cabin, and direct access to Jackson Hole Mountain Resort.

Home-price growth slowing, Case-Shiller says | Armonk Homes

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Home prices rose 1.8% in July, down from 2.2% in June, according to the Case-Shiller report. After seasonal adjustments, prices were up 0.6% in July, the lowest gain since September.

It looks like higher mortgage rates are hitting the housing market, said David Blitzer, index committee chairman at S&P Dow Jones Indices. Among the 20 cities tracked by S&P/Case-Shiller, 15 saw slower monthly price growth in July. Elsewhere Tuesday, the Federal Housing Finance Agency, which regulates mortgage buyers Fannie Mae and Freddie Mac, reported that home prices rose a seasonally adjusted 1% in July, and were up 8.8% from the year-earlier period.

Mortgage rates started rising in early May on speculation that the Federal Reserve could start cutting its large-scale asset purchases that have helped keep home loans relatively cheap. The Fed announced last week that it is not going to start tapering these purchases yet, but that news is likely to have only a temporary impact on housing, Blitzer said.

“The rate of increase may have peaked,” he said.

A low number of homes for sale coupled with lots of pent-up demand from buyers have led to upward pressure on prices. Indeed, on a year-over-year basis, home prices grew 12.4% in July, the fastest annual pace since 2006. Still, home prices in July were about 21% below a 2006 peak.

“The latest rise in the annual rate of house price inflation in July may be the most eye-catching part of today’s Case-Shiller house price report. But the real story is a welcome slowdown in the underlying rate of house price gains in recent months,” Capital Economics analysts wrote in a research note.

According to details of the Case-Shiller report, Las Vegas saw the largest annual home-price growth in July at 28%, followed by San Francisco at 25%. New York had the lowest annual home-price growth at 3.5%.

Looking broadly at the housing market, recent reports have indicated that the rebound is slowing. Unemployment remains high and many can’t afford to establish their own household, meaning that pent-up demand may take a long time to translate into actual purchases. First-time buyers are having a particularly tough time, and make up a small share of existing-home sales.

 

http://www.marketwatch.com/story

 

Armonk-based IBM Transforms Mortgage Fulfillment Process | Armonk Real Estate

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IBM Corp. has launched a new comprehensive digital-loan processing platform that will allow borrowers to engage in every aspect of the loan application process: applying online, uploading documents, acting on inquiries and monitoring loan approval status — all from their smartphone or tablet device.

“We believe delivering a transformational customer experience will differentiate future mortgage leaders from the pack,” Eric Ray, IBM general manager, Financial Services Sector said. “By partnering with IBM, lenders can out-maneuver the competition with a rich digital customer experience that gives borrowers the self service and transparency they desire.”

With the new IBM Digital Loan Platform solution, application forms are automatically aggregated and indexed to ensure consistency for efficient underwriting. As a result, both borrowers and lenders benefit from significantly compressed cycle times, lower origination costs, reduction in errors, and compliance enforcement.

 

 

Armonk-based IBM Transforms Mortgage Fulfillment Process | The Armonk Daily Voice.