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Robert Paul's Blog

Bedford, Bedford Corners, Pound Ridge, Armonk, Katonah, Chappaqua

By Robert Paul, 914-325-5758 | Agent in Bedford, NY
  • Home prices hold steady in August | Mt Kisco Real Estate

    Posted Under: Home Buying in Mount Kisco, Home Selling in Mount Kisco, Property Q&A in Mount Kisco  |  September 17, 2013 4:35 AM  |  1,328 views  |  No comments

    The median price of homes for sale on realtor.com held steady at $199,900 in August from July, but were up 6.39 percent from August 2012, according to a monthly real estate trends report from realtor.com.

    Inventory stood at 1.98 million in August, a 2.5 percent dip from a year ago and a 0.93 percent increase from July’s number, realtor.com data showed. Homes were on the market for a median of 92 days in August, down 8 percent from a year ago, but up 8.24 percent from July.

    “Where we have seen significant volatility in many markets, including double-digit declines in inventory as well as increases in median price for both yearly and monthly views, we are now looking at a housing market that much more closely resembles ‘normal,’ ” said Steve Berkowitz, CEO of realtor.com operator Move Inc., in a statement.


    read more...



    http://www.robertpaulsells.com/mount-kisco/

  • New York Third Safest In Country For Traffic Fatalities | Mt Kisco Real Estate

    Posted Under: Home Buying in Mount Kisco, Home Selling in Mount Kisco, Property Q&A in Mount Kisco  |  September 12, 2013 4:47 AM  |  673 views  |  No comments

    WESTCHESTER COUNTY, N.Y.– New York State is the third safest area in the country when it comes to traffic fatalities, according to the National Highway Traffic Safety Administration.

    New York had 6.19 traffic-realted deaths per 100,000 people according to the NHTSA data. The only two areas with lower totals were Massachusetts with 4.79 traffic deaths per thousand and Washington, D.C. with just 3.97 traffic deaths per thousand.

    The three most dangerous states to drive in were Arkansas, Mississippi and Wyoming.

     


    http://www.robertpaulsells.com/westchester-ny/

  • Lenders Loosen up as Refis Tank | Mt Kisco Real Estate

    Posted Under: Home Buying in Mount Kisco, Home Selling in Mount Kisco, Property Q&A in Mount Kisco  |  September 9, 2013 4:50 AM  |  418 views  |  1 comment

    In July, lenders loosened up their underwriting standards more than they have in yeas as purchase mortgages overtook refinancing as the leading source of mortgage originations according to Ellie Mae’s July Originations report.

    “In July, the mix of purchase loans to refinances was 53% versus 47%: the largest percentage of purchase loans since we began tracking the data in August 2011,” said Jonathan Corr, president and chief operating officer of Ellie Mae. “This was a further indication that housing seems to be improving. Just six months ago, 73 percent of all mortgages were refinancings.

    “Credit standards continued to ease in July,” said Corr. “The average FICO score fell to 737, from 742 in June 2013, and it is now at the lowest level since we began our tracking in August 2011. Similarly we saw slight increases in both loan-to-value and debt-to-income ratios last month-signs that lenders are willing to accept slightly more risk to maintain volume. Dent to income ratios also have risen to the highest level since Elli Mae began tracking mortgage data in February 012.

    To get a meaningful view of lender “pull-through,” Ellie Mae reviewed a sampling of loan applications initiated 90 days prior (i.e., the April 2013 applications) to calculate an overall closing rate of 55.4% in July 2013, up from 54.3% in June 2013.




    http://www.robertpaulsells.com/westchester-ny/

  • Great Mt Kisco starter home | Open House 1-4pm | 33 Marion Ave

    Posted Under: Home Buying in Mount Kisco, Home Selling in Mount Kisco, Property Q&A in Mount Kisco  |  September 8, 2013 12:20 PM  |  407 views  |  No comments
    33 Marion Avenue Open House-  Sunday 1-4pm





    Price drops to $439k.  Great deal!  Call me for info.
  • Mount Kisco’s Farm Closes Its Doors For Good | Mt Kisco Real Estate

    Posted Under: Quality of Life in Mount Kisco, Home Buying in Mount Kisco, In My Neighborhood in Mount Kisco  |  September 7, 2013 11:28 AM  |  670 views  |  No comments

    A Mount Kisco institution formally closed its doors this week.

    The Farm, located at 21 S. Moger Ave., announced in mid-July it was closing, after being in business for more than 25 years. The store was a a popular destination for Mount Kisco residents and also people in Pleasantville, Chappaqua and Bedford.

    The Kim family, which owned the store, blamed the economic recession for the closure.

    “We’ve experienced big drop-off every year since the recession,” George Kim said back when the closure was first announced. “Business has simply not been good. There’s no other reason to it.”

    Kim said the store had experienced drops in business before, but has usually recovered. Kim said he will miss his customers the most.

    “It’s sad we are closing,” Kim said. “People are upset we are leaving. We feel we have been a small part of their families.”

    Kim remembers meeting some of his customers as children and then watching them grow up, get married and have their own children.

    Kim said other factors including inadequate parking and not enough attractions in Mount Kisco led to the closure.

    “There are 17 banks in the village,” Kim said. “Why do we need so many? That doesn’t really draw customers into town.”

    Skyrocketing rent costs and other expenses, along with competition from supermarkets, have made it almost impossible for mom and pop fruit stands to compete, Kim said. He also noticed people are just not cooking as much.

    “Mom and dad, once their kids leave the house, prefer to go out to dinner,” Kim said. “We can’t keep raising our prices. You can only raise prices so much for certain things.”

    Kim said Mount Kisco used to be a nice town, but over the last 20 years, it has changed, with small businesses getting squeezed out.

    “Every time there’s an empty space, a bank goes in,” Kim said. “They are the only ones willing to pay all that rent.”

    Despite being forced to go out of business, Kim said he will miss Mount Kisco and its people.




    http://www.robertpaulsells.com/mount-kisco/

  • Mount Kisco Diner Begins Expansion | Mount Kisco Real Estate

    Posted Under: Home Buying in Mount Kisco, Home Selling in Mount Kisco, Property Q&A in Mount Kisco  |  August 19, 2013 10:13 AM  |  365 views  |  No comments

    The Mount Kisco Coach Diner, Gov. Andrew Cuomo’s favorite hangout, has begun construction on its expansion.

    The diner is adding 1,250 square feet and 13 new parking spaces, along with providing a terrace for outdoor seating.

    The project was approved by the planning board earlier this year after the Mount Kisco Village Board approved a zoning change in 2010.

    Recently, the Paul Power’s structure, which exists south of the diner, was demolished, which was the first phase of construction.

    Harry Georgiou, whose family owns the diner, said it will be much larger and more convenient for customers.

    “We wanted to provide more space for clients and a nicer atmosphere,” Georgiou said. “We wanted to modernize the restaurant. It was time to expand.”

    Plans for expansion have been in the works for five years. During that time, despite the recession, the diner’s business has remained steady, giving Georgiou confidence expansion was the right idea.

    Georgiou’s father, Frank, a Somers resident, purchased the diner 18 years ago. Harry Georgiou, who lives in Queens, said it is in the family’s blood to provide service, hospitality, and good food.

    “We’re very meticulous and we have very high standards,” Georgiou said. “We strive for perfection. We strive to the have the best service and the best quality food. We are open 24 hours, so no matter what time you come, you will have a great experience.”



    http://www.robertpaulsells.com/mount-kisco/

  • HUD Report Questions Westchester Zoning Laws | Mt. Kisco Real Estate

    Posted Under: Home Buying in Mount Kisco, Home Selling in Mount Kisco, Property Q&A in Mount Kisco  |  August 10, 2013 3:35 PM  |  428 views  |  No comments

    Seven Westchester municipalities have been accused in a U.S. Department of Housing and Urban Development report of having zoning laws that keep out and segregate low-income families.

    Croton-on-Hudson, Harrison, Lewisboro, the Town of Mamaroneck, the Town of Ossining, Pelham Manor and Pound Ridge were the seven municipalities named in the report recently released from Housing Monitor James Johnson. Johnson is trying to ensure that Westchester County meets the terms of a 2009 anti-discrimination housing settlement that requires the county to build 750 units of affordable housing by 2016, according to a news release.

    Johnson said the towns lack zoning laws that provide incentives for or mandate affordable housing.

    “Our work made clear (that) seven municipalities did not meet the first standard. I believe more data is required before one can conclude on the second,” Johnson said.

    The county settled the anti-discrimination suit with HUD in 2009, but the two sides have butted heads since County Executive Robert Astorino took office in 2010. HUD is threatening to withhold $20 million in federal grants for nonprofits if the county does not meet HUD’s terms.



    http://www.robertpaulsells.com/mount-kisco/

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