Tag Archives: waccabuc luxury homes

Fall Is Calling: What to Do in Your October Garden | Waccabuc Real Estate

like having options  — from which flavor of tea to drink after lunch to which route I’ll take to walk home. Gardening this month is no different. Whether you’re after garden chores or perhaps some seasonal puttering, it’s all about picking your own path.
You can prep soil for spring planting, divide grasses and transplant perennials, even tuck in more cool-season edibles. Alternatively, you can just enjoy fall’s splendor and put off some of the season’s more tedious tasks. Let fallen leaves provide hearty mulch for your lawns and hold off, for now, on cutting back spent summer and fall plants. Instead, take some time to sit back and watch the leaves change. It’s your garden, so enjoy it. Here’s what you can do in your garden this October.
Find your October garden checklist:
California | Central Plains | Great Lakes | Mid-Atlantic | Northeast
Pacific Northwest | Rocky Mountains | Southeast | Southwest | Texas

traditional landscape by Le jardinet

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Northwest. “Refresh your container gardens with a selection of winter-hardy evergreen shrubs, perennials and seasonal color spots,” says landscape designer Karen Chapman.
For a festive fall arrangement, she says that “small conifers, bright spurge (Euphorbia spp) and evergreen sedums are easy candidates for containers — especially when dressed up with a few cheerful pansies.”
It’s also time to plant spring-blooming bulbs — even in containers. “Dwarf daffodils, hyacinths and crocuses are just a few of the possibilities,” Chapman says.
Shown: ‘Princess Irene’ tulips are stunning with ‘Peach Flambe’ coral bells (Heuchera).
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traditional landscape Pomegranate Tree

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California. Garden editor Bill Marken suggests potting trees and shrubs for a permanent and festive seasonal touch.
“Pomegranates symbolize fall in Mediterannean climates,” Marken writes. “Like early Christmas ornaments, the fat, round red fruits hang heavy on spindly branches along with small leaves turning an autumn yellow. For a container, look for a dwarf variety such as ‘Nana’, displaying fall foliage and tiny red fruits if you’re lucky.”
Get his California October checklist | More tips for the California garden
mediterranean landscape by Donna Lynn - Landscape Designer

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Southwest. Water management is still important this month. “Continue to monitor and reset the timers on any controllers you may have, especially in the low and middle zones. As temperatures decrease, reduce the water needed,” writes New Mexico landscape designer David Cristiani.
“If you are planning a landscape for a barren area or for an area outside plant roots, create water harvesting opportunities to benefit plantings and some visual interest by installing subtle basins, swales and berms away from structures, where lush plantings are desired,” he says.
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Gorgeous Sagaponack Six-Bedroom is Yours for $10.95M | Waccabuc Real Estate

This house really is beautiful. We love all the white, which contrasts beautifully with the piano-finish floors (hopefully the new owners will have staff with Swiffers on standby). The kitchen and bathrooms are faultless, the pool and landscaping are perfection. There’s 1.6 acres in a great location, and six bedrooms and 7.5 baths inside. As for the artwork, we’re on record in favor of Damien Hirst dot paintings, but the Beatles? Unless you were actually in the Beatles (and that guy lives in Amagansett, not Sagaponack), come on. Also, photographers gotta be more careful with the wide-angle lenses. Yes, they can make the rooms look bigger, but they can also give a funhouse-mirror effect that’s offputting. Again, minor complaints in a stunning house. · Sagaponack Sanctuary With Style [Saunders]

JPMorgan chief meets Holder in bid for deal to end probes, avoid criminal charges | Waccabuc Real Estate

The sage of Wall Street journeyed to Washington on Thursday, but Jamie Dimon’s visit was unlike any the JPMorgan Chase chief has made before.

Dimon sought a meeting with Attorney General Eric H. Holder Jr. in an urgent bid to dispose of multiple government investigations into the bank’s conduct leading up to the financial crisis — and avoid criminal charges. The deal that Dimon discussed with Holder would involve paying the government at least $11 billion, the biggest settlement a single company has ever undertaken, according to several people familiar with the negotiations.

It would also potentially pave the way for other giant banks to reckon with Washington for their roles in the near-collapse of the financial system five years ago. While it would be a historic amount, the fine would still represent a sliver of the damage wrought by the bank for selling mortgage securities that it allegedly knew were worthless.

 

 

http://articles.washingtonpost.com/2013-09-26/business/42412898_1_jpmorgan-chase-holder-justice-department

 

 

 

Three Cents Worth: Manhattan Unit Sizes No Small Change | Waccabuc Real Estate

3CW9-17-13.jpg

After last week’s rental market report release, I thought I’d take a look at the average size of a sale and a rental over the past 20 years. Sales (blue line) represent co-ops and condos that closed during each period.  Rentals (pink line) represent rentals that closed during each period.

The chart shows continued decline in the average size of rentals over the period with a weird blip around the collapse of Lehman.  The sales market showed less variation.  While size fell over the first decade, likely as sharply rising prices pushed shift towards smaller unit sales, the trend began to rise again as the market peaked in 2007-08.

With the micro-unit phenomenon seemingly gaining traction (anecdotally), I’m not sure we’ll see the average size of rental units grow in the near future despite the strength of the current luxury rental market. · Matrix [matrix.millersamuel.com] · Three Cents Worth archive [Curbed]

 

 

 

http://ny.curbed.com/archives/2013/09/17/three_cents_worth_manhattan_unit_sizes_no_small_change.php

 

 

 

 

A Subliminal Approach to Fall Decorating | Waccabuc Real Estate

all is that sweet spot between the blazing heat of summer and the icy chill of winter. It’s a time for preparing the nest for hibernation. Urrutia Design takes “a subliminal approach to embracing fall through comforting, colorful aspects that can be incorporated throughout the home,” says company founder Jason Urrutia. Below, he and co-principal Martha Carvalho share eight simple, high-impact ways to help you get your autumn cozy on.

traditional family room by Urrutia Design

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1. Stockpile firewood by the mantel. “This creates a nice visual of what’s in store,” says Carvalho. “Even if you don’t have a wood-burning fireplace, a display of wood, either next to the firebox or inside, offers a soothing aesthetic.”
modern living room by Reynaldo Gonzalez Design

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“While just about any wood will do nicely, silver birch logs add an especially graceful arrangement without looking too lumberjack-like,” Urrutia says.
contemporary  by Urrutia Design

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2. Candles, candles, candles. This is candle season, so use them generously anywhere you want extra ambience. “Votives are great, but don’t be afraid to use those big-boy-sized candles in large hurricanes,” offers Urrutia.
contemporary living room by Urrutia Design

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3. Change out throw blankets. “Replace light fabrics for heavier ones, like faux fur or wool,” Carvalho says. Lay a throw blanket or two across furnishings for extra color and texture. Add a big basket filled with enough throws for everyone in the household to curl up under.
rustic living room by Urrutia Design

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4. Branch out. “Fill oversized glass vases with a compilation of branches in any shape and length you wish,” Carvalho says. Urrutia adds, “This type of arrangement is elegant and understated, and will last you the entire season.”

Create “the Ultimate Hampton Experience” in Sagaponack | Waccabuc Real Estate

Our admiration for the real estate prose of Corcoran’s Gary DePersia continues. His brokerbabble isn’t trying to sell you on a house–it’s trying to sell you on a lifestyle. This is a new listing for a Sagaponack farmhouse we love as is; Mr. DePersia describes it as “amiable.” But if you’re “seeking something more formidable” than an amiable house, look no further! You could create “the ultimate Hampton experience” to “the very Atlantic beyond,” to wit:

Nearly three acres, awash in Sagaponack sea breezes and only several hundred yards to the beach, presents an unparalleled opportunity in the hamlet that has become the nexus of the Hampton lifestyle. An amiable 4 bedroom farm house of recent vintage anchors this expansive property that additionally offers a two story barn with upstairs finished loft and full bath, heated pool and acres of grassy expanse secluded behind tall perimeter trees. However, those seeking something more formidable might be intrigued to learn that this singular offering could accommodate a new 9000+ SF residence, pool, pool house and full size north/south tennis court that would have views to the east of a nearby horse farm and south across an 11 acre reserve past a handful of ocean side houses to the very Atlantic beyond. Held in the same ownership for nearly 400 years, this never before available 2 3/4 acre property presents a limited window to create the ultimate Hampton experience.

 

 

Single-family housing starts jump | Waccabuc Real Estate

Single-family housing starts rose 7 percent month over month in August to a seasonally adjusted rate of 628,000, and were up 16.9 percent from a year ago, according to a monthly report from the U.S. Census Bureau released today.

 

Source: U.S. Census Bureau

 

read more…

 

http://www.inman.com/wire/single-family-housing-starts-jump/#sthash.7MoaTZH2.dpuf

As Mortgage Applications Fall, Lower Loan Limits Loom | Waccabuc Real Estate

Rising rates continue to have an impact on home purchase applications. The number of mortgage applications filed last by 13.5% from the prior week on a seasonally adjusted basis as interest rates increased, the Mortgage Bankers Association said Wednesday.

The purchase component eased 2.7% this week relative to last and has fallen 16.8% since the first week in May on a seasonally adjusted basis. Rates reversed course last week and turned upward after easing in the prior week. The average rate for a 30-year fixed rate mortgage was 4.57% last week according to Freddie Mac.

On an unadjusted basis, MBA reported the market composite index declined 23%. The refinance index slipped 28% from a week earlier, while the seasonally adjusted purchase index slid 2.7%.

The sudden drop in purchase applications comes as loans for new homes have taken market share away from refinancing since January, raising its market share from 27% to 53% in July.

While the average rate has been on the rise, the National Association of Realtors reported that the Federal Housing Finance Agency is considering reducing the limits on mortgages that can be backed by Fannie Mae and Freddie Mac. Currently, the GSEs can support loans up to $417,000 in most markets and up to $625,500 in higher cost markets, while loans above this are supported by the private “jumbo” market made up of banks and private MBS securitizers.

Rates on jumbo loans have eased to party or slightly better than conforming loans in recent months as banks have started taking more loans into portfolio to compensate for weak commercial and refinance business. However, these loans are very high quality with large down payments and high FICO scores. The concern then is that if the loan limits decline, the private sector may still not be ready to pick up the non-pristine lending activity in the high cost portion of the market, cutting off access to credit for this portion of the market, resulting in reduced demand and sales.

Mortgage rates have had an impact on mortgage activity in recent weeks. Some borrowers will be able to adjust to higher rates either through larger down payments or purchasing lower priced homes. However, the higher rates may curb some home purchases as affordability wanes. A reduction in loan limits would only amplify this effect, particularly in the high cost markets that they currently support, according NAR.

 

 

http://www.realestateeconomywatch.com/2013/09/as-mortgage-applications-fall-lower-loan-limits-loom/

Mortgage rates remain steady on uncertain jobs data | Waccabuc Real Estate

Mortgage rates remained unchanged this past week as mixed jobs data created some uncertainty about housing and the economy, Freddie Mac reported Thursday.

The average 30-year, fixed-rate mortgage came in at 4.57%, unchanged from highs reported a week earlier, and up from 3.55% last year.

While rising rates have been tied to a possible slowdown in housing activity, rates hit a plateau as the jobs situation created more questions for the market, stalling additional upward movement.

“Mortgage rates were little changed this week following a mixed employment report,” said Frank Nothaft, vice president and chief economist for Freddie Mac. “For example, the economy added 169,000 jobs in August, which was below the market consensus forecast, and revisions subtracted another 74,000 from the prior two months. Meanwhile, the unemployment rate fell to 7.3%, which was the lowest since December 2008.”

The 15-year, FRM came in at 3.59%, also unchanged from last week, but up from 2.85% a year earlier.

On the other hand, adjustable rates shifted, with the 5-year Treasury-indexed hybrid ARM averaging 3.22%, down from 3.28% a week earlier and up from 2.72% a year ago.

The one-year Treasury-indexed ARM also hit 2.67%, down from 2.71% a week earlier, and up from 2.61% a year ago.

Rates have been rising ever since the Fed started sending hints to the market in late spring that the possibility of tapering mortgage-backed securities and Treasury purchases could occur later this year.
HousingWire covered the dramatic tumble mortgage applications took this past week, falling 13.5% as rates remained elevated. The sharp drop prompted market fears that higher rates are beginning to sideline potential homebuyers as home affordability concerns resurface.

As of now, there are several factors that could impact consumer confidence and rates within the next few weeks.

For starters, the Federal Open Market Committee meets next week. A big question is when will the committee actually decide to scale back its asset purchases – at the next meeting or later in the year, Capital Economics noted in a Thursday report.

Julian Jessop, a chief global economist with Capital Economics, said, “Fed tapering is unlikely to be the major shock to the prospects for the rest of the world, or indeed for the US itself, that many have assumed.”

Jessop added, “In short, next week we expect the Fed to announce a reduction of perhaps $10 billion to $15 billion in the pace of asset purchases, from the current $85 billion per month. Surveys of other analysts and market participants suggest that this is the consensus view as well.”

Bankrate’s report also shows fixed rates barely shifting this past week. The 30-year, FRM edged down to 4.71% from 4.72%, while the 15-year, FRM shifted up slightly to 3.75% from 3.74%. Meanwhile, the 5/1 ARM stayed unchanged at 3.65%, according to Bankrate data.

 

 

http://www.housingwire.com/articles