Tag Archives: Mount Kisco Homes

Fixed Mortgage Rates Hovering Near 2014 Lows | Mt Kisco Real Estate

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today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates little changed from the previous week with the 30-year mortgage still hovering around 4 percent.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.01 percent with an average 0.5 point for the week ending November 13, 2014, down from last week when it averaged 4.02 percent. A year ago at this time, the 30-year FRM averaged 4.35 percent.
  • 15-year FRM this week averaged 3.20 percent with an average 0.5 point, down from last week when it averaged 3.21 percent. A year ago at this time, the 15-year FRM averaged 3.35 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.02 percent this week with an average 0.5 point, up from last week when it averaged 2.97 percent. A year ago, the 5-year ARM averaged 3.01 percent.
  • 1-year Treasury-indexed ARM averaged 2.43 percent this week with an average 0.4 point, down from last week when it averaged 2.45 percent. At this time last year, the 1-year ARM averaged 2.61 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 Frank Nothaft, vice president and chief economist, Freddie Mac.

“Fixed mortgage rates were slightly down on mixed results from October’s employment report. While the unemployment rate declined to 5.8 percent, nonfarm employment rose by 214,000 jobs, which was below consensus expectations. Net revisions for payroll employment in August and September added 31,000 more jobs to the initial readings.”

 

 

 

 

Mount Kisco Medical Group Partners With Mount Sinai Health System | #MtKisco Real Estate

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The Mount Kisco Medical Group (MKMG), a multi-specialty practice serving Westchester, Putnam and Dutchess counties, announced Wednesday an expansion of its existing clinical affiliation agreement with the Mount Sinai Health System, increasing the commitment of both parties to providing integrated and coordinated care for the communities they serve.

The physicians and leadership from both Mount Sinai and MKMG will work together to define and deliver best practices in coordinated and continuous care. The relationship will include clinical service enhancement and coordination, research and education.

Mount Sinai and MKMG will also cooperate on developing Centers of Excellence in select specialties. The Mount Kisco Medical Group will continue to operate as an independent entity.

“As an integrated health system, the Mount Sinai Health System strives to provide high quality, accessible care, and we’re pleased that the nationally renowned Mount Kisco Medical Group will partner with us in those efforts,” said Kenneth L. Davis, MD, chief executive officer and president of the Mount Sinai Health System. “We look forward to working with our new partners at MKMG in furthering our goals of enhancing clinical care, as well as medical education and research.”

Scott D. Hayworth, MD president and CEO of the Mount Kisco Medical Group, echoes Davis’ sentiments.

“As a leading provider of ambulatory care in the Northeast, MKMG is pleased to partner with a nationally ranked institution to continue providing outstanding, cost-effective care to our patients,” said Hayworth.

 

 

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http://mtkisco.dailyvoice.com/news/mount-kisco-medical-group-partners-mount-sinai-health-system

Gorgeous East 80th Street Art Nouveau Pad Wants $22.5M | #MtKisco Real Estate

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A three-apartment Upper East Side combo in a Beaux Arts limestone building off of Fifth Avenue has come to market for $22.5 million. The home was renovated by its most recent owners to include Art Nouveau flourishes—that bowing asymmetrical doorframe, the individualized banister—as well as more modern entertaining spaces like the double-height dining room with overhead glass barricades and a kitchen with a built-in espresso machine. The home last came to market in 2011 for $22.75 million but appears not to have sold. Not pictured, the 5,000-plus-square-foot apartment also has a soundproof library with French walnut cabinetry and a 350-bottle wine room.

 

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http://ny.curbed.com/archives/2014/09/08/gorgeous_east_80th_street_art_nouveau_pad_wants_225m.php

 

Do you have a bat in your house? | Mt Kisco Real Estate

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Do you have a bat in your house? What to do if you are bitten? visit http://health.westchestergov.com/rabies to learn what you should do.

The Westchester County Department of Health (WCDOH) recently distributed notice that the month of August is the peak month for bat activity. Thus the likelihood of human or pet exposures to bats increases.

If you have a bat in your home the DOH recommends capturing the bat and making notification to the DOH for a decision regarding testing. WCDOH can be contacted 24 x 7 at 914 813 5000.

DOH advises a bat killed by trauma will rapidly decompose in warm weather, making it untestable so immediate refrigeration or preferably
freezing is required. Place bat in freezer in a sealed plastic bag or small plastic container.

What to do if you are bitten?

If you are bitten, scratched or have some other exposure immediately wash the area with warm soapy water and call your doctor or hospital. Call the Westchester County Health Department at (914) 813-5000 24 hours a day seven days a week for assistance.

Source –

1) WCDOH memorandum dated August 8, 2014 – Titled Rabies Update – Bats

2) WCDOH website – http://health.westchestergov.com/rabies

For full details, view this message on the web.

Mark Cuban talks housing and student loan bubbles | Mount Kisco Real Estate

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Billionaire Mark Cuban (who may or may not be Batman) talks about the student loan bubble, which he says will burst and end badly for colleges, just like the housing bubble. These collapses, he says, will put colleges out of business.

“It’s inevitable at some point there will be a cap on student loan guarantees. And when that happens you’re going to see a repeat of what we saw in the housing market: when easy credit for buying or flipping a house disappeared we saw a collapse in the price housing, and we’re going to see that same collapse in the price of student tuition, and that’s going to lead to colleges going out of business.”

HousingWire’s favorite CNBC reporter turns her attention and her fabulous deltoids to the surge in apartment rentals, which is driven in large measure by the aforementioned student debt problem, housing affordability and tighter lending standards.

National apartment occupancy in May soared to the highest level in at least six years, according to Axiometrics, an apartment data and research company. Ninety-five percent of all units are filled, even as thousands of new units are becoming available.

“It’s a pleasant surprise because it’s coming at a time when new supply is flooding the market,” said Stephanie McCleskey, Axiometrics‘ director of research. “One reason occupancy is rising is that, not only are people moving into these new units, but they’re also moving into Class B units at a lower price point.”

 

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http://www.housingwire.com/blogs/1-rewired/post/30392-mark-cuban-talks-housing-and-student-loan-bubbles

Public Reacts To Proposed Mount Kisco-County Police Merger | Mt Kisco Real Estate

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Public reactions from multiple viewpoints came at Monday’s meeting for the proposed police consolidation for Mount Kisco and Westchester County.

The merger agreement has some village police support.

Mount Kisco Sgt. Joseph Spinelli, who is president of the local PBA, endorsed the proposal on behalf of the union and its membership. He noted benefits for police that include better pay and benefits, along with greater opportunities for career advancement. Spinelli also supports the increase in staffing that the merger would entail, along with increased supervision of officers.

Mel Berger, a resident who is involved with the local drug and alcohol council, said he was “extremely happy” for the contract but had concerns including keeping relationships between people and officers, and about police involvement with the council.

County police officials cited examples from the Town of Ossining and the Town of Cortlandt, which also have county policing contracts.

George Longworth, who is commissioner for the Westchester County Department of Public Safety, noted that programs in Ossining remained in place and explained that any program working in Mount Kisco would be maintained. Another county police official noted involvement in a Cortlandt group. That organization is called the Cortlandt Community Coalition, which deals with underage drug and alcohol usage, according to the town’s website.

The merger plan also involves having officers in regular assignments, and county police officials denied that there would be frequent personnel turnover.

Addressing the issue of turnover, Longworth brought up how it can already happen with local police, citing retirement and injury examples.

 

 

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http://mtkisco.dailyvoice.com/police-fire/public-reacts-proposed-mount-kisco-county-police-merger

Mount Kisco Residents Get County Police Merger Overview | Mt Kisco Real Estate

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The proposed consolidation of Mount Kisco’s police force with Westchester County’s was discussed in detail for the public at a Monday meeting.

The presentation, given by county police Sgt. Jeffrey Weiss, included data and the reasons for a merger.

The consolidation would come due to a contract between the village and the county, which would require a level of policing services dedicated to Mount Kisco. Current village police would join the county police and keep their current titles and civil statuses. The Mount Kisco Police Department has 28 members but lacks a permanent chief.

Mount Kisco’s police station would continue to be used by county police, including as a base for officers on patrol and for detectives. Members of the public would also be able to visit county police at the village station and the local non-emergency police number may be kept by the county.

In the presentation, several problems with small police departments were cited. They include manpower shortages, injuries leading to prolonged absences and vacancies leading to backfill overtime and undesired patrol staffing. The manpower gap is also blamed for burn out of police. Also cited as issues were under utilization of supervisory resources, personnel cost and the fact that only one person is responsible for dispatching officers and taking calls.

 

 

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http://mtkisco.dailyvoice.com/police-fire/mount-kisco-residents-get-county-police-merger-overview

 

France’s Palatial 740 Park Pad Sells for $70M, Way Over Ask | Mt Kisco Real Estate

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6 images


Click here to view the full photogallery.

An 18-room duplex in the richest, fanciest apartment building in the world—owned by the government of France, no less, and used as the ambassador to the UN’s residence—reportedly just sold for $70 million. That’s a whopping $22M over the 740 Park Avenue apartment’s initial ask of $48 million. Apparently, three prospective buyers pushed the price up in a bidding war. France bought the apartment in 1979 for $600,000, but whatever, because that’s like $1,959,272.73 in today’s dollars. So just a 3,400 percent profit for the nation’s coffers, no big deal.

 

 

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http://ny.curbed.com/archives/2014/06/17/frances_palatial_740_park_pad_sells_for_70m_way_over_ask.php

3 make-or-break things single-family housing investors get wrong | Mt Kisco Real Estate

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More than four in 10 residential property sales in the first quarter this year were all-cash sales, the highest level since 2011, and increasingly these are smaller, mom-and-pop real estate investors rather than big companies.

The problem – some of these newer rental home investors may not know about common pitfalls that institutional investors already know about.

According to RealtyTrac, institutional investors — entities that have purchased at least 10 properties in a calendar year — accounted for just 5.6% of all U.S. residential sales in the first quarter, down from 6.8% in the fourth quarter of 2013 and down from 7% in the first quarter of 2013 to the lowest level since the first quarter of 2012.

But cash buyers still represented nearly four in 10 home sales this year.

“Strict lending standards combined with low inventory continue to give the advantage to investors and other cash buyers in this housing market,” said Daren Blomquist, vice president at RealtyTrac, referring to the company’s April report. “The good news is that as institutional investors pull back their purchasing in many markets across the country, there is still strong demand from other cash buyers — including individual investors, second-home buyers and even owner-occupant buyers — to fill the vacuum of demand left by institutional investors.”

In a note to clients, the latest Bryan Ellis Investing Letter warns smaller housing investors about three common mistakes and misconceptions that newer and smaller operators often face.

1) You Can Only Buy through Realtors and Brokers

“This is simply untrue. The best deals in your local market will never make it onto MLS, but you can connect with motivated sellers ready to sell right now and dirt cheap by using a few simple, savvy strategies that will enable you to buy quickly and at rock-bottom prices that will set you up in ideal investing scenarios.”

 

 

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http://www.housingwire.com/articles/30206-make-or-break-things-single-family-housing-investors-get-wrong

 

10 beautiful homes in the middle of nowhere | Mt Kisco Real Estate

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A home is a retreat — a place to escape the outside world, to be alone, to recharge, to relax with friends. For some, one apartment among many in a building wedged into a sea of other buildings provides all the sanctuary they need. But for others, true escape means getting as far away as possible from the rest of the world, to a beautiful and remote residence in a stunning location — with nobody around for miles. Such retreats try very hard not to be found, but we’ve hunted down a few of them for your voyeuristic pleasure, searching high, low, and far to find a collection of lovely, unusual, and isolated homes that truly stand alone. (Just don’t go knocking on their doors.)

 

 

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http://realestate.msn.com/10-beautiful-homes-in-the-middle-of-nowhere