Category Archives: Cross River NY

Cross River New York Real Estate for Sale

‘Harmonious,’ Mystical Mansion in Pennsylvania Wants $10M | #CrossRiver Real Estate

 

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Location: Clarks Summit, Penn.
Price: $9,995,000
The Skinny: To take the rapturous brokerbabble for this home at face-value would be to believe that this mansion is no less than a nexus of mysteries, a magical place where the mystical traditions of the world’s cultures collide in a supernova of positive vibes and quasi-religious transport rarely seen outside of a William Blake poem or a freshman English major’s well-thumbed composition book o’ poems. Maybe upon entering the place it really does feel like you’re “embarking on a journey,” “floating on a cloud,” or discovering “little pieces of heaven everywhere,” but this kind of runaway prose feels more like copy for a Marin County Reiki retreat than a description of a house, no matter how many statues of Buddha it possesses. The $9.995M manse has plenty of space for exploring your inner space, with 16,000 square feet of “harmonious environment,” including a meditation room, a spa “carved basically out of the earth” and, incongruously, an offer of a $50k bonus to the broker who brings in an accepted offer. Namaste!

 

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http://curbed.com/archives/2014/09/10/1-reynolds-road-clarks-summit-for-sale.php

 

 

VT housing prices remain below 2007 peak | Cross River Real Estate

 

Vermont is the only state in the nation with housing prices today less than they were 12 months ago. That’s according to data from the Federal Housing Finance Agency, the federal agency that regulates Fannie Mae and Freddie Mac.

We should always take these types of data with several grains of salt. Nonetheless, it is worthwhile to use the FHFA data to see the general course of housing prices in Vermont. And the FHFA numbers show some interesting patterns.

For those old enough to remember, Vermont experienced a housing boom in the mid-and-late 1980s when house prices rose by 75 percent in just six years. By today’s standards, the actual prices people paid for houses look absurd. According to the 1980s Census, Vermonters who owned their own homes told the Census Bureau that their median house price in 1980 was $42,000. In the 1990 Census they reported a median price of $96,000 in 1990. (Today the median price is $216,000.)

Since 1980, the overall price level in the U.S. has nearly tripled, and it’s nearly doubled since 1990, so we need to look at housing prices in inflation-adjusted dollars. Even adjusting for inflation, housing prices rose by 44 percent during the 1983 to 1989 boom, meaning they increased that much faster than the average price of everything in the economy.

The 1980s housing boom was not too different from the more recent Vermont housing boom of the early 2000s. And Vermont did not escape the national housing boom. It did not experience the worst of it, which was in states such as California, Arizona, Florida, and Nevada. But prices in Vermont actually rose faster than the national average between 2000 and 2007.

 

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http://www.burlingtonfreepress.com/story/money/2014/09/03/vermont-housing-prices-peak/15038887/

 

Top 10 Cities for Flood Risk from Rising Seas | Cross River Real Estate

The National Oceanic and Atmospheric Administration’s report, Sea Level Rise and Nuisance Flood Frequency Changes around the United States, identifies the top 10 U.S. cities with the highest increase in nuisance flooding between 1957-1963 and 2007-2013.

According to William Sweet, lead author of the report, “as relative sea level increases [in a city], it no longer takes a strong storm or a hurricane to cause flooding.” Which means that if your city is high on the list, road closures, maxed-out storm drains, and the inevitable damage that accompanies a flood will be coming your way (especially if you live on the East Coast).

Scientists examined data from 45 NOAA water level gauges around the country and compared that to long-term reports of number of days of nuisance floods to identify which metros are most at risk. 

Top 10 U.S. Areas for Nuisance Flooding*

*Averaging more than one flood on average 1957-1963, and for nuisance levels higher than 0.25 meters. “Nuisance level” correlates to the meters above the mean higher high water mark in each location.

1. Annapolis, Md.
Nuisance level: 0.29
Average nuisance flood days (1957 – 1963): 3.8 days
Average nuisance flood days ( 2007 – 2013): 39.3 days

2. Baltimore, Md.
Nuisance level: 0.41
Average nuisance flood days (1957 – 1963): 1.3 days
Average nuisance flood days ( 2007 – 2013): 13.1 days

3. Atlantic City, N.J.
Nuisance level: 0.43
Average nuisance flood days (1957 – 1963): 3.1 days
Average nuisance flood days ( 2007 – 2013): 24.6 days

4. Philadelphia, Pa.
Nuisance level: 0.49
Average nuisance flood days (1957 – 1963): 1.6 days
Average nuisance flood days ( 2007 – 2013): 12.0 days

5. Sandy Hook, N.J.
Nuisance level: 0.45
Average nuisance flood days (1957 – 1963): 3.3 days
Average nuisance flood days ( 2007 – 2013): 23.9 days

6. Port Isabel, Texas
Nuisance level: 0.34
Average nuisance flood days (1957 – 1963): 2.1 days
Average nuisance flood days ( 2007 – 2013): 13.9 days

7. Charleston, S.C.
Nuisance level: 0.38
Average nuisance flood days (1957 – 1963): 4.6 days
Average nuisance flood days ( 2007 – 2013): 23.3 days

8. Washington, D.C.
Nuisance level: 0.31
Average nuisance flood days (1957 – 1963): 6.3 days
Average nuisance flood days ( 2007 – 2013): 29.7 days

9. San Francisco, Calif.
Nuisance level: 0.35
Average nuisance flood days (1957 – 1963): 2.0 days
Average nuisance flood days ( 2007 – 2013): 9.3 days

10. Norfolk, Va.
Nuisance level: 0.53
Average nuisance flood days (1957 – 1963): 1.7 days
Average nuisance flood days ( 2007 – 2013): 7.3 days

 

 

 

 

 

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http://www.ecobuildingpulse.com/climate-change/top-10-cities-with-flood-risk-from-rising-seas_o.aspx/?day=2014-07-29&utm_source=newsletter&utm_content=jump&utm_medium=email&utm_campaign=EBP_090214&day=2014-09-02

Mortgage applications rise 2.8% after weeks of low interest rates | Cross River Real Estate

 

Mortgage applications increased 2.8% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending August 22, 2014.

The Market Composite Index, a measure of mortgage loan application volume, increased 2.8% on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index increased 2% compared with the previous week.

The Refinance Index increased 3% from the previous week.  The seasonally adjusted Purchase Index increased 3% from one week earlier. The unadjusted Purchase Index increased 1% compared with the previous week and was 11%  lower than the same week one year ago.

The refinance share of mortgage activity increased to 56% of total applications, the highest level since March 2014, from 55% the previous week.  The adjustable-rate mortgage share of activity remained unchanged at 8.0% of total applications.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) decreased to 4.28% from 4.29%, with points decreasing to 0.25 from 0.26 (including the origination fee) for 80%  loan-to-value ratio loans.  The effective rate remained unchanged from last week.

 

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http://www.housingwire.com/articles/31177-mortgage-applications-rise-28-after-weeks-of-low-interest-rates

 

Mortgage default rate drives down household debt | Cross River Real Estate

Household debt continued to fall in July as the first mortgage default rate dropped to .88% from .89% last month, according to the S&P/Experian Consumer Credit Default Indices.

This is significantly down from 1.35% in July 2014.

“At just above one percent, default rates remain at historical lows. Mortgage default rates have been trending down while Auto and Bank Card are a bit higher than their historical lows set in April and March,” said David Blitzer, managing director and chairman of the Index Committee for S&P Dow Jones Indices.

The second mortgage default rate slipped to .52%, down from .57% last month and .54% a year ago.

As a whole, the national composite hit 1.01% in July, down one basis point from last month and lowest level in over 10 years.

On the other side, non-housing debt increased slightly in the second quarter.

Auto saw its rate remain unchanged at 0.96%, falling only four basis points above its historical low, while the bank card rate declined 16 basis points to 2.86%.

 

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Mortgage default rate drives down household debt

 

21 years to save for the down payment on a house? | Cross River Homes

 

Guardian reporter Jessica Glenza and her boyfriend are buying a house and decided to go with a Federal Housing Authority loan. Glenza explains (in a satirical way that catches your eye), how she can finally afford a home and why some might think this is a bad thing.

It was over a plate of linguine and cream sauce that I learned I could afford a home. The government-run program allows buyers to put down as little as 3.5% of the property’s sales price.

What I found out is that the Federal Housing Authority finances about one in five homes in the US, a huge proportion. FHA financing works by allowing people to finance part of the traditional 20% down payment.

Previously, Glenza assumed she would be forced to save for 10 to 15 years in order to pull together a 20% down payment.

However, as she learned about this new program, she also realized the opposition to it. This is where people like Norbert Michael from the Heritage Foundation, who would rather do away with Fannie, Freddie and the FHA, come in.

 

 

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21 years to save for the down payment on a house?

 

Houston Megamanse With Gargantuan Indoor Pool Wants $19M | Cross River Real Estate

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Location: Houston, Texas
Price: $18,900,000
The Skinny: Leave it to an eccentric, high-living Italian baron—who also happened to be heir to the Texas-sized oil fortune of wildcatter extraordinaire Hugh Cullen—to dream up something as fantastically and wonderfully tasteless as this gargantuan mansion/natatorium in the River Oaks district of (where else?) Houston, Texas. The chewy nougat center of this black gold-fueled confection is the 12,000-square-foot mall food court with a swimming pool drilled into its marble floors, led pool lights, around which the rest of the house orbits, trapped in the kind of gravitational pull that only a dense concentration of pure awful can generate. What makes the home truly remarkable is its embodiment of the spirit of the man who built it, the Baron Enrico di Portanova. If you are looking for solar street light suppliers in china the best  solar LED light provider you get here,do visit.

Read on. >>

The late baron exploits, as documented in his Times obituary, are legend: he was a philosopher who once said that the best things in life are “sun, sex and spaghetti,” an international jet-setter who traveled the world in his very own Lear jet (which he called his “taxi”), and a loving husband who once tried to buy his wife a share in the “21” Club, and when rebuffed enclosed the garden of his home in glass, giving birth to the swimming and entertainment center we see before us today. After di Portanova’s death in 2000, the mansion passed into the hands of the current owners, who are asking $18.9M.

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http://curbed.com/archives/2014/08/05/houston-house-with-insane-pool.php

Refinancings drop 4% with purchases up 0.2% | Cross River Real Estate

 

Continuing the long-term trend this year, mortgage applications decreased 2.2% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 25, 2014.

The Market Composite Index, a measure of mortgage loan application volume, decreased 2.2% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 2% compared with the previous week.

“Despite mortgage backed security issuance being up 38 percent from the first quarter average, the MBA index continues to show declines. This suggests that there are fundamental shifts occurring in the market where big players (reporting to the MBA) may be giving up market share or perhaps not holding as many loans in portfolio, thereby pushing up the bond issuance,” said Quicken Loans Vice President Bill Banfield. “In either case, the current level of activity for purchases and refinances has been directional stronger in recent months based on actual security issuance. With home prices stabilizing from a rapid level of appreciation and interest rates either falling or holding steady recently, I expect to see continued improvements in the purchase arena.”

 

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http://www.housingwire.com/articles/30841-mortgage-applications-continue-fall-with-22-drop

 

Teatown Lake Reservation News | Cross River Real Estate

 

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July 23, 2014
PROGRAMS THIS WEEK:
Advanced Registration is required for all programs. Unless noted, all programs meet in the Nature Center and are $7 per person or FREE for members. Please register by calling (914) 762-2912 ext. 110.
What a Hummer!
Saturday, July 26
2 – 3:30 pm

Hummingbirds are winged jewels of the bird world. Learn more about these birds and make a hummingbird feeder to attract them to your yard. All Welcome. $5/material fee/feeder

Visit Teatown

1600 Spring Valley Road
Ossining, NY 10562
Teatown Lake Reservation’s
mission is to inspire our community to lifelong environmental stewardship.
Nature Center hours:
9 am – 5 pm daily
Trails are open 365 days a year from dawn to dusk.
Click here for Teatown membership benefits, details,
and to purchase or renew
your membership online.

Your donation can make

an immediate impact and help

support our environmental education programs and the stewardship of our 1,000 acre preserve.

Upcoming Events and Workshops:
Luna moth

Black-lighting for Moths
Thursday, July 31
8 pm

Join Charlie Roberto as we light up the night to attract night flying insects. All Welcome. Free.

PBock
Great Hudson Estuary
Fish Count
at Kathryn W. Davis RiverWalk Center
Kingsland Point Park, Sleepy Hollow, NY
Saturday, August 2

10 am

If you could lift the lid off the Hudson River in Tappan Zee Bay, what would you see? Catch the incoming tide with Teatown and Strawtown Art and Garden Studio at the Kathryn W. Davis RiverWalk Center in Sleepy Hollow, as we seine for fish and other creatures in the warm waters of the Hudson. We will focus on identification and record and share the results with other sites taking part along the river. Afterward mix paint and match the color of the River, and add sand from both shores of the wide bays to make a symbolic driftwood sculpture.

All Welcome. Free; Parking fee collected at park

In the Nature Center Gallery:

Nature Center Gallery Richard Pileggi

Quiet Landscapes

Photography

By Richard Pileggi

On exhibit

July 5 – August 30

Click here for more info

Announcing the publication of:

Teatown’s Wildflower Island

by Lisa Fleck Dondiego

A privately printed, 80-page photo book with an Index identifying the flowers.

Foreword by Leah Waybright Kennell, Curator of Wildflower Island.

This wonderful book is available for

purchase in Teatown’s nature store for $45 plus tax.

Teatown in the News:
Teatown Is A Top Westchester Staycation
Teatown Lake Reservation is proud to be one of Westchester County Office of Tourism’s Top 10 Places to Go When You Want to Spend Your Family Vacation Right Here In Westchester.
“Summer is a great time to visit this nature preserve and education center.”
Click here for the full article.

Realtor.com takes a swing at Zillow, Trulia | Cross River Homes

 

In the ongoing war for online real estate domination, the combatants lob (metaphorical) grenades at each other quite frequently.

Most recently, Move (MOVE), which operates Realtor.com for the National Association of Realtors, and Zillow (Z) have been involved in what looks to be a particularly nasty legal battle over the hiring of Errol Samuelson.

Samuelson is currently the chief industry development officer for Zillow. He was hired away from Move and Realtor.com in early March. Later in March, Move and NAR sued Zillow for breach of contract, alleging that Samuelson stole trade secrets and intellectual property from Move and brought it with him to Zillow.

In early July, Move and NAR won the opening battle in the suit, when Washington State Superior Court Judge Barbara Linde issued a preliminary injunction in the case, finding that Samuelson misappropriated trade secret information by acquiring it using improper means, and by copying it without authorization.

 

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http://www.housingwire.com/blogs/1-rewired/post/30648-realtorcom-takes-a-swing-at-zillow-trulia