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Holidays at Teatown Lake Reservation | Chappaqua NY Homes
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Tag Archives: Chappaqua Homes
Led by Elissa Schilmeister, girls will hike and explore natural habitats, engage in team-building activities, conduct mini-experiments and scientific investigations.*No program February 18. Girls ages 10- 14. For more information, 
Average fixed mortgage rates rising slightly from last week | Chappaqua Real Estate
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates rising slightly from last week following positive news for housing starts and building permits.
News Facts
- 30-year fixed-rate mortgage (FRM) averaged 4.47 percent with an average 0.7 point for the week ending December 19, 2013, up from last week when it averaged 4.42 percent. A year ago at this time, the 30-year FRM averaged 3.37 percent.
- 15-year FRM this week averaged 3.51 percent with an average 0.6 point, up from last week when it averaged 3.43 percent. A year ago at this time, the 15-year FRM averaged 2.65 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.96 percent this week with an average 0.4 point, up from last week when it averaged 2.94 percent. A year ago, the 5-year ARM averaged 2.71 percent.
- 1-year Treasury-indexed ARM averaged 2.57 percent this week with an average 0.5 point, up from last week when it averaged 2.51 percent. At this time last year, the 1-year ARM averaged 2.52 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 rose slightly leading up to the Federal Reserve’s policy announcement. The statement indicated that the central bank would begin to trim its bond buying program. The Fed noted that the economy expanded at a modest pace, but the unemployment rate remains elevated. In addition, housing starts in November rose to a seasonally adjusted annual rate of 1,091,000, the highest rate since February 2008. Permits were at a seasonally adjusted annual rate of 1,007,000 in November, 7.9 percent higher than in November 2012.”
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation’s residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. For more information please visit www.FreddieMac.com and Twitter: @FreddieMac.
Inside the Absurdly Lavish $114M Upper East Side Mansion | Chappaqua NY Real Estate
Onyx-clad bathrooms, an indoor swimming pool, a movie theater with a balcony, a dressing area that doubles as a panic room, a 2,000-square-foot rooftop deck—these are just a few of extravagant features in the 40-foot wide mansion at 12 East 69th Street, currently on the market for a mindboggling $114,077,000. The Times announced the listing on Friday, and it’s now live on Corcoran’s website. Renovated by Vincent and Teresa Viola (the owner of the Florida Panthers NHL team and the president of Maida Vale Designs, respectively), the 19-room house is a case study in grandeur and the mega-rich, and needless to say, if it sells for anything close to the asking price, it will shatter previously held price records— and yet, it’s not even the most expensive thing on the market.
The brokerbabble is nothing impressive, but Friday’s Times article more than makes up for. Click through for the best lines. ·: Listing: 12 East 69th Street [Corcoran via StreetEasy] · East 69th Street Mansion Wants An Eye-Popping $114 Million [Curbed]
Winter Storm Warning Now In Effect As Snowstorm Approaches Chappaqua | The Chappaqua Realtor
Tech-Happy Design in the Hollywood Hills Asks $7.825M | Chappaqua NY Homes
Location: Hollywood Hills, Calif. Price: $7,825,000 The Skinny: Here’s a sleek Hollywood Hills house that is definitely not for the technophobic: with self-closing kitchen cabinets, an automated Neorest toilet in the master bathroom, and a sound system that’s controlled via a Smarthome system, this place might very well be among the first to throw off the shackles of human domination when the A.I. singularity occurs. Until that unhappy moment arrives, though, the Jay Vanos design provides everything an early-20th-century free-range human could want in modern luxury. Inside there are Miele appliances in the kitchen (including a built-in coffee system and wine refrigerator) and heated bathroom floors; outside there’s an infinity pool with a swim-up bar and spa, all with panoramic city views. The 5,200-square-foot home has three bedrooms and four bathrooms (one full, three partial) that are served by an elevator which, hopefully, is not powered by a semi-autonomous computer chip nurturing a murderous rage toward the people who make it go up and down all day, every day. The listing is asking $7.825M, regardless of whether Skynet is about to awaken or not.
Black Ice, Slick Conditions Likely In Chappaqua | Chappaqua Real Estate
The snowstorm that dropped 2-4 inches of snow throughout Westchester County has passed, but the National Weather Service has just issued a Special Weather Statement warning of black ice and slick conditions Tuesday night and into Wednesday.
Those conditions are especially likely on walkways and untreated roads, where many are either wet or covered with snow and ice.
Temperatures are expected to fall into the 20s Tuesday night with any slush or standing water refreezing.
Icy conditions could continue Wednesday, which will be mostly sunny but with a high of only around 30 degrees.
Thursday and Friday should also be dry, but temperatures are not expected to climb past the freezing mark.
The next chance of snow is Saturday, with a 70 percent chance and a high temperature of 35.
http://chappaqua.dailyvoice.com/news/black-ice-slick-conditions-likely-westchester
Are foreclosure laws to blame for patchy US price gains? | Chappaqua NY Homes
Why have many of the local housing markets that were hit hardest during the bust — especially in California — bounced back so vigorously and quickly, with prices close to or exceeding where they were in 2005 and 2006?
And why have many others along the East Coast and in the Midwest had a slower move toward recovery, with sluggish sales and gradual increases in values?
Though multiple economic factors are at work, appraisal industry experts believe they have isolated a crucial and perhaps surprising answer: Real estate markets rebound much faster in areas where state law permits foreclosures to proceed quickly, moving homes with defaulted loans into new owners’ hands expeditiously, rather than allowing them to sit and deteriorate, tied up in court procedures for years. Prices of foreclosed homes in such areas typically are depressed and negatively affect values of neighboring properties, but they don’t remain so for lengthy periods because investors and other buyers swoop in and return them to residential use rapidly.
By contrast, in states where laws allow large numbers of homes in the process of foreclosure to remain in legal limbo, often empty and unsold, home-price recoveries are hindered because lenders are prevented from recovering and reselling the units to buyers who’ll fix them up and add value.
Pro Teck Valuation Services, a national appraisal firm based in Waltham, Mass., recently completed research in 30 major metropolitan areas that dramatically illustrates the point. All the fastest-rebounding markets in October — those with strong sales, price increases and low inventories of unsold houses — were located in so-called non-judicial states, where foreclosures can proceed without the intervention of courts.
All the worst-performing markets — where prices and sales have been less robust and there are excessive numbers of houses available but unsold — were located in judicial states, where post-default proceedings can stall foreclosure completions for two to three years or even more in some cases.
http://therealdeal.com/blog/2013/12/06/are-foreclosure-laws-to-blame-for-patchy-us-price-gains/