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Lewisboro NY Home Prices Will Be Flat Through 2015 | Lewisboro Real Estate

The recovery of housing prices will take at least four more years, according to a monthly survey of 110 leading economists and real estate experts, significantly longer than previously estimated.

Housing prices will rise only 7.2 percent by 2014 and the aggregate value of U.S. single-family homes four years from now will be roughly $1 trillion less than the economists projected in May, said Terry Loeb of MacroMarkets, the firm conducting the survey, which is based upon the projected path of the S&P/Case-Shiller U.S. National Home Price Index over the coming five years. 

”For the first time, in this month’s survey, our panelists provided their expectations through 2015. Less than 3% of the panel expects negative change in 2015, and at +3.7 percent, the average of the forecasts for that year is slightly higher than the average annual rate of national home price appreciation that prevailed in the decade prior to the historic bubble.  Yet, at +7.2%, the average projection of cumulative home price performance through 2014 reached its lowest point since survey inception for the second consecutive month,” said Robert Shiller, MacroMarkets co-founder and chief economist.

“The survey data we collected this year have consistently pointed to price stability in the intermediate- to long-term, which is reassuring in light of the volatility in actual home prices we have witnessed during the past few years.  However, most experts foresee a longer road to recovery, and materially lower price performance in the coming years than they did just a few months ago,” said Terry Loebs, MacroMarkets managing director.

Since the third quarter of 2006, near the height of the housing boom, prices have fallen 28 percent by the third quarter of this year, according to the S&P/ Case-Shiller US National Price Index.  The index rose 14.2 percent from the first quarter of 2009 until the second quarter of 2010, when the housing tax credits were in effect.  The latest MacroMarkets Home Price Expectations Survey was conducted during the period December 1st through December 15th.

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10 Ways to Pick Your Paint Color In North Salem NY | North Salem NY Real Estate

Picking house paint colors isn’t just difficult. It’s terrifying! Pick colors that are blah, and your house will seem flat and featureless. But if the colors you pick are too bold, they might overwhelm the architecture… and upset the neighbors.

The best colors will highlight the most beautiful features of your home. Skillful use of color can even disguise design flaws, boosting the curb appeal and market value of your home. How do you find that magic color combination? Follow these tips.

1. Honor History
If you’re planning to paint an older home, you’ll probably want to use a historically accurate color scheme. You can hire a pro to analyze old paint chips and recreate the original color. Or, you can refer to historic color charts and select shades that might have been used at the time your home was built.

2. Jazz Up the Past
In some neighborhoods, homeowners fly in the face of history. Instead of choosing historically accurate colors, they paint their houses modern colors to dramatize architectural details. Using bright colors on old architectural details can produce startling and exciting results. But before you buy 10 gallons of bubblegum pink, it’s a good idea to look at what your neighbors are doing. A fluorescent colored Victorian that looks splendid in San Francisco will seem wildly out of place in more conservative neighborhoods.

3. Consider Your Neighbors
The house next door can give you paint color ideas, but don’t copy your neighbor exactly. Choose colors that set your house apart, without clashing with nearby buildings.

4. Borrow From Nature
The landscape around your house is blooming with color ideas. Trees may suggest an earthy palette of greens and browns. A beach setting might suggest vivid blues, turquoises, and coral colors. Even the garden in your front yard can inspire exciting color combinations.

5. Check the Roof
Your house is your canvas, but it is not blank. Some colors are already established. What color is your roof? Your paint color doesn’t need to match the roof, but it should harmonize.

6. Look For Things That Won’t Be Painted
Every home has some features that will not be painted. Does your house have brick walls? Vinyl windows? A natural wooden door? Will steps and interior railings remain their existing colors? Choose a color scheme that harmonizes with colors already present on your house.

7. Find Inspiration in Your Living Room
It may seem comical to paint entire house based on the pattern of a pillow case, but this approach does make sense. The color of your furnishings will guide you in the selection of your interior paint colors, and your interior paint colors will influence the colors you use outside. Once again, your goal is to harmonize.

8. Focus on Details
Depending on the size and complexity of your home, you may want to choose two, three, or as many as six colors. In addition to color for your siding, select accent colors for shutters, moldings, doors, window sashes, brackets, columns, and porch decks. But beware: too many colors will overwhelm your house. Too few can make your house seem flat and uninteresting.

9. Use Light to Add Size
It’s no wonder large, grand estates are often painted white. Light colors make a building look larger, and white is the favored color for traditional classical architecture. You can add to your home’s sense of size and dignity by using white or a pale cream color.

10. Go Dark For Drama
Dark siding or dark bands of trim will make your house seem smaller, but will draw more attention to details. Darker shades are best for accenting recesses, while lighter tones will highlight details that project from the wall surface. On traditional Victorian homes, the darkest paint is often used for the window sashes.

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Astorino And Westchester Legislators Disagree Over Budget Cuts | Westchester Real Estate

Westchester County Executive Robert Astorino vetoed the 2011 budget sent to his desk by the Board of Legislators, citing reservations dealing with its revenues and spending. A total of 247 lines were struck out.

“The combination of phony revenues, wasteful spending, unfunded liabilities, illegal actions and rejection of generally accepted accounting principles jeopardizes our AAA credit ratings,” Astorino said of the $1.79 billion budget in a press announcement about his decision.

Legislators passed their budget on Friday. It calls for a two-percent tax decrease but with fewer reductions in social services than called for by Astorino, who proposed a series of cuts in November, as part of a budget version that calls for a one-percent tax decrease.

Despite the legislators’ 16-1 vote in favor of the budget, Astorino, a Republican, accused the board’s Democrats of not giving enough time for his administration or legislators in his party to scrutinize the proposal.

The legislators’ approved budget has been defended by Democrats for its treatment of taxes and services.

In an appearance before the New Castle Town Board Tuesday, County Legislator Mike Kaplowitz gave an update on the proposed budget, which he defended as something that “continues to provide essential services,” and listed what is covered.

Majority Leader Peter Harckham, whose district includes Mount Kisco and Bedford, had similar comments when the budget was passed.

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