Tag Archives: Westchester Real Estate

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.
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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.”
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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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Information overload to blame for fewer home sales? | Cross River Real Estate

Forget about inventory shortages, tight mortgage underwriting and the lack of affordability in many markets.

The real reason home sales remain below historical levels is the “explosive growth of real estate websites and online homebuying tools,” says Qazzoo founder Michael Urbanski.

“Potential homebuyers search the Internet for information to purchase a home and miss out on the valuable counsel of Realtors, who are the real estate experts in that area,” Urbanski says.

“Often, potential homebuyers become overwhelmed by all the information they collect online and the process ends there.”Urbanski says Qazzoo “improves the house-hunting and homebuying experience by connecting interested homebuyers and Realtors in their area.”

Translation: Qazzoo sells the contact info of consumers visiting the site to real estate brokers and agents (“for less than $2 per lead“).Which pretty much describes the business model of every listing portal on the Web, including the big three: Zillow, Trulia and realtor.com. Source: prweb.com

 

 

read more…

 

 

http://www.inman.com/wire/information-overload-to-blame-for-fewer-home-sales/#sthash.PXa8UZU4.dpuf

Find the Best Energy-Efficient Window Treatments | Katonah Real Estate

Windows have a huge impact on how our homes look, feel and function, so we  want to get them right. But even the best windows have a hard time doing  everything we want them to do — let in light and views, keep out the cold, etc.  Happily, homeowners can make their windows perform better by choosing  energy-efficient window treatments such as insulated curtains and blinds.

You can find some great solutions for how to make windows more  energy-efficient — and your home more comfortable — without spending a lot of  money. You can even make some insulated window coverings yourself.

Out the Window

Windows are often described as “holes in the wall” for good reason. The U.S.  Department of Energy (DOE) reports that windows typically account for 25 percent  of annual heating and cooling costs in older houses, and can even be responsible  for as much as 40 percent.

Even those of us whose homes have high-performance windows want them to work  better. “It doesn’t matter whether you get the best window in the world. The  first thing that anybody is going to do is change the way it works,” says Peter  Yost, vice president for technical services at the publisher BuildingGreen.  These changes take place with the addition of blinds, insulated shades, thermal  curtains or other coverings.

So how do we make window treatments work for us, and still be efficient? To  get the most out of our windows, we need them to be adjustable. Depending on the  season and time of day, we may want to let in as much light, heat, fresh air and  view as possible — or do our best to keep those things out — in the name of  comfort, energy efficiency and privacy.

Check the Payback on New Windows

Replacement windows are easy to get excited about because they offer  efficiency features that can lower your energy bills. However, many  green-building professionals agree that replacement windows are usually not an  effective way to spend your money. Less expensive energy-efficient window  treatments — such as plastic sheeting and thermal curtains — are often better  bets. “If you have decent windows now, does it pay to replace them? No. They’re  not going to pay you back in energy savings,” says Ken Riead, a home-energy  rater and trainer with Hathmore Technologies in Independence, Mo.

The easiest way to find out whether you have efficient windows is to have a  home energy audit. For a few hundred dollars — a fraction of the price of  installing new windows, new wall insulation, or even a new heating and cooling  system — a home energy professional will come to your residence to evaluate  which options are a good deal by calculating the energy saved and the payback  period. Specifically regarding windows, a home energy audit will assess whether  your best investment would be new windows, storm windows, or additional  weatherstripping and caulking. (Get the full scoop at Home Energy Audits: Measure Your Energy Costs and Add Up the  Savings.)

Regardless of whether you end up replacing your existing windows, you should  look into ways of improving their performance. With the exception of storm  windows, recommendations about energy-efficient window treatments (cellular  shades, thermal panels, awnings, etc.) are probably beyond the scope of a home  energy audit, so you’ll need to do some further research. Luckily, much of the  legwork has been done for you.

A good starting place is the “Weighing Your Window Options” chart (See also in Image  Gallery). As you can see, no single energy-efficient window treatment will work  for everyone. You may think the hands-down best choice is insulated cellular  shades — because the chart shows they have one of the highest possible  insulation values — but cellular shades have poor resistance to condensation,  which can be a serious issue in cold, wet climates. Indeed, any window covers  that allow warm, moist interior air to come into contact with cold glass will  cause water droplets to form — risking rot and mold on wooden window frames.  Homeowners can stop condensation from forming by creating a vapor barrier that  prevents moisture from reaching the glass’s cold surface. A window quilt (that  is, an insulated shade) made of airtight material will do the job nicely as long  as the edge of the quilt is sealed to the window frame using bottom weights,  magnetic tape, Velcro strips, or snaps and hooks. High-insulating window quilts  are an easy do-it-yourself project — but maybe you’d prefer energy-efficient  curtains that don’t block the view, ventilation and daylight. Exterior storm  windows let you enjoy both the light and view, but they don’t resist  condensation — and they’re not cheap. Old-fashioned homemade curtains are easy  to pull aside and they’re quite affordable, but they provide negligible  insulation value. Be sure you weigh the pros and cons before making your  choice.

Before you start sewing insulated curtains or budgeting to buy storm windows,  compare a range of energy-efficient window treatments at Window Coverings and Attachments, a joint project of  BuildingGreen, Lawrence Berkeley National Laboratory and the DOE. The website is  pretty slick: The tool makes suggestions based partly on the climate and  location selected by the user. For example, in cold northern climates, moisture  condensation issues need special attention, and the wrong type of window covers  can do permanent damage. To avoid problems, you should look at window treatments  rated highly for condensation resistance, and if you indicate that you live in a  northern climate, the tool will automatically default to those options. You can  also narrow the search by your preferences. If you’re only interested in  products that will provide shade in summer, the selection tool will direct you  to those types of window covers. And it provides information on warranties to  help you choose energy-efficient window treatments that are also  durable

 

 

 

Read more: http://www.motherearthnews.com/print.aspx?id={925AA504-40C4-45C6-A4B5-AA6366FD411C}#ixzz2gfHMd9hI

Younger Buyers Dominate Luxury Market | Bedford Real Estate

A new survey by Coldwell Banker Previews International® and the Luxury Institute finds that wealthy younger buyers are driving the luxury real estate market, and they are willing to pay more than similar wealthy buyers age 55 and older.

According to the survey of Americans age 21 or older with a minimum gross annual household income of $250,000, 43 percent of younger wealthy consumers are considering the purchase of residential property in the next 12 months, compared to 21 percent of those age 55 and older. On average these younger wealthy consumers spent more than $2.1 million on their most recent purchase of residential property, approximately twice the average amount spent by older and similarly wealthy luxury buyers, which was $1.1 million.

“This trend towards younger luxury buyers is leading a change in desired home amenities,” said Betty Graham, president, Coldwell Banker Previews International NRT. “Whether these younger buyers have young families or are single without children, they are looking for homes that fit their active and unique lifestyle.”

So what are they buying? The survey found:

  • Younger buyers are significantly more likely than wealthy buyers age 55 and older to want homes with amenities such as a pool, outdoor kitchen, home gym, home theater, wine cellar and four or more garages.
  • Wealthy consumers under age 55 are more than twice as likely (23 percent) to value Green or LEED certified residential properties than their older counterparts (11 percent).
  • Open floor plans and a fully automated and “wired” home environment are the top features wealthy consumers, regardless of age, say have become important to them in the last three years. Less importance is placed on staff quarters, tennis/sports courts and separate catering kitchens.
  • “Luxury homes are for more than successful and retired empty nesters,” said Milton Pedraza, CEO of the Luxury Institute. “Today’s luxury buyer is both dynamic and diverse, and it’s reflected in the homes and products they’re buying.”

For majority of luxury buyers, location is the most important factor when considering the purchase of residential property.  Seventy (70) percent of wealthy consumers identified location as the most important factor in their last residential purchase. Other elements included the condition of the property — brand new with no work required, as opposed to needing major renovations (10 percent), price (8 percent), home amenities (6 percent) and view (6 percent). The most commonly cited reason for wealthy consumers not considering the purchase of a residential property was the desire to keep assets liquid (24 percent).

 

 

 

Here Now, a Look at ‘Outlandish Homes on Impossible Sites’ | Pound Ridge Real Estate

While Brooklyn-based painter Dean Monogenis is obsessed with architecture—an interest that began after 9/11, when he “realized that [buildings] were like people in that they could live and die,” he recently told Wired—he has zero interest in actually learning the technical aspects of design. He much prefers to keep his work in that middle-gray area between the surreal and real, where the ultra-modern homes he paints look somewhat possible at first, yet perhaps less so as one looks a little closer. “In a painting you can completely ignore things like gravity and engineering,” he says. “As a painter I am free to make a building as plausible or implausible as I like.”

Gizmodo sums up Monogenis’ scenes, which often feature scaffolding, cranes, and other construction elements, as “outlandish homes on impossible sites,” adding, “it’s as if the entire series is based on an architect’s renderings for a massive speculative development planned for a growing population, unearthed long after that civilization had vanished.”

ku-xlarge-6.jpgPainting by Dean Monogenis via Wired

Head to Wired for more of Monogenis’ work. For other eye-popping examples of architectural paintings, see: Paul Davies’ Pop Art-esque midcentury houses, Sunga Park’s dream-like watercolors of European buildings.

· Gorgeous Architectural Paintings From a World Without Gravity [Wired Design via Gizmodo] · All Artistry coverage [Curbed National]

Armonk Election Season Heating Up | Armonk NY Homes

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

Texas Oilman’s $14.5M Estate Has Three Pools, Tennis Court | North Salem Homes

Location: Houston, Texas Price: $14,500,000 The Skinny: Gene Van Dyke made his fortune as one of the country’s last of an adventurous breed of oilmen known as wildcatters; for decades, the Houston-based Van Dyke Energy Company drilled exploratory oil and gas wells throughout the United States, Alaska, and Holland’s North Sea, and at one point had 27M acres of exploration and drilling rights in Africa, or “more deepwater rights than Shell, ExxonMobil and BP combined,” according to a 2001 Forbes piece. Van Dyke’s 11,737-square-foot mansion, on the market for $14.5M, is filled with an interesting mix of wallpapers, upholstery, rugs, and other types of patterned decor that often seem to be at odds with one another. But it’s the rest of the property’s 2.8 acres that’s the real eye-catcher, anyway, boasting three separate pools, one of which, apparently, “is thought to be one of the largest private pools in the U.S.” There’s also a full-size tennis court with lights and stands, as well as a party pavilion with a bar, a stage big enough for an orchestra, and an outdoor kitchen. And, for good measure, lion statues guarding every entrance.

Tour the Haunting Interiors of a Silent, Abandoned Mall | Mt Kisco Real Estate

Vacant, decaying spaces are something of an obsession to photographers, who have cast their lenses on everything from abandoned theaters and churches to empty asylums and Lithuanian discos. Shopping malls join this crowd thanks to the work of Dan Wampler, who photographed the interiors of St. Louis’ Crestwood Court mall after it closed in July after more than 56 years in business. Wampler, who calls himself a digital artist rather than a photographer, used HDR to create “a look ranging from 3D to surreal,” he writes on the project page, accentuating a corridor’s angular architecture or a stairway’s sherbet-hued tilework. While “the management company has maintained the mall quite well,” he explains, his images “may be the last opportunity anyone will have to see the inside for some time.” Meaning, of course, that this mall, unlike an abandoned mall in Providence, won’t be turned into a series of micro homes.

Short Sales Peak, Then Plummet | Cross River Real Estate

Distress sales as a whole are falling but short sales are declining twice as fast as fewer homeowners are losing their homes over the past year.

For the 12-month period ending in June 2013, distressed sales overall (including both REO and short sales) were down nearly 30 percent from the same period ending in June 2012 — from 650,000 to 463,000. Of these, short sales had declined significantly — by nearly 60 percent — accounting for just over 46,000 sales during that timeframe as compared to 104,000 in 2012 according to residential real estate transaction data from the LPS Home Price Index.

Short sales rose and fell quickly.  In the first quarter of 2012, some 109,521 properties were sold in pre-foreclosure — a proxy for short sales, according to RealtyTrac.  At that time, LPS reported a 25 percent increase from the same quarter the previous year and a three-year high and for the first time, short sale transactions are exceeding foreclosure deals. In January, short sales made up 23.9 percent of home purchases, according to LPS. Meanwhile, foreclosures made up 19.7 percent of sales.  Just one year prior, in the first quarter of 2011, foreclosures made up the bulk at 24.9 percent of transactions while short sales made up 16.3 percent.

LPS’ July Mortgage Monitor report also found that while loan origination volume had slowed slightly from May to June, overall activity remained relatively strong. According to LPS Data & Analytics Senior Vice President Herb Blecher, prepayment activity (historically a good indicator of mortgage refinances) is still largely driving origination volume, as has been the case for some time now.

“Prepayment speeds have been impacted by the sharp increase in mortgage interest rates we’ve seen over the last couple months,” Blecher said. “However, even with that increasing interest rate pressure, July’s monthly prepayment rates are still about where they were this time last year, when rates were at historic lows. In fact, they are roughly at the same levels as the heights of the ‘mini refinance booms’ in 2010 — when interest rates were comparable to where they are today — and in 2009, when rates were even higher. Of course, as interest rates continue to climb, we can expect that both prepayments and associated originations will decline. It’s notable however, that we saw an increase in prepayment activity in July among higher loan-to-value (LTV) mortgages — those with LTVs of 100 percent or more — indicating continued HARP refinance activity.

 

 

http://www.realestateeconomywatch.com/2013/09/short-sales-peak-then-plummet/

 

 

 

Wells Fargo originations may be off by 30% | South Salem Homes

Wells Fargo (WF) Chief Financial Officer Tim Sloan says mortgage originations are projected to be off by 30%, while refinance volumes will be off by an estimated 60%.

Seeking Alpha elaborated on Sloan’s statements:

Still, he reminds business remains strong and those percentages are based on very strong comparables.

One bullish stat shows mortgage payments to disposable income is just 18% vs. a fifty-year average of 27%. At the height of the bubble it was 30%. Amid the high interest rates of the early 80s, it was about 50%.

                    Source: Seeking Alpha