Category Archives: Cross River NY

Cross River New York Real Estate for Sale

Neiman Marcus Offers a Night at the Glass House for $30K | Cross River Real Estate

Leave a reply

glasshouselead.jpgPhotos via Neiman Marcus

Well, we’ve made it about a week into October before the ritzy department stores started rolling out the obscenely expensive holiday fare, and Neiman Marcus, everyone’s favorite peddler of totally unnecessary gifts—$100K Versailles chicken coop, anybody?—is leading the charge, having unveiled yesterday its annual holiday Fantasy Gifts guide. In previous years, this esteemed and gloriously mockable index has included $1.5M Dale Chihuly Pool Sculpture Installations custom-made for the swimming pool and $75K yurts outfitted with pillows made from 18th-century tapestries and hand-made crystal chandeliers. In its 87th holiday catalog? Oh, you know, a $150K “Bespoke Global Falconry Companion”, a Neiman Marcus Aston Martin, a $2.64M outdoor entertainment set-up, and—the perfumed scented clouds part, a warm glow suffuses the scene—a single night at The Philip Johnson Glass House in New Canaan, Conn., which can be had for $30K.

Johnson’s 1949 Glass House is not just another utterly beautiful, privacy-eschewing glass residence, it’s the modernist icon that made Connecticut a hotspot for architectural minimalism and a structure that became the textbook definition of perfect form and proportion. Johnson and his longtime partner, art critic and curator David Whitney, lived at the weekend retreat for 58 years, cultivating a pristinely edited collection of art and midcentury furniture, so what Neiman Marcus has on offer is undeniably an incredible opportunity, though at $30,000 for one night (plus the opportunity to invite 10 friends over for dinner), it’s totally debatable whether this buy is anything approaching a value. That said, there’s a good cause involved: all the proceeds of the purchase are siphoned directly to the National Trust for Historic Preservation.

 

 

http://curbed.com/archives/2013/10/09/neiman-marcus-offers-a-night-at-the-glass-house-for-30k.php

 

Greenwood Nursery Ideas for October | Cross River Real Estate

Leave a reply
What to do in the yard this month:
  • Frustrated with leaves falling in your yard? Get the mower out and mow them down. It will chop the leaves up into mulch which can be used around plants or tilled into the ground (if not too thick).
  • Bring in houseplants and tropical plants when the temperatures begin to drop into the 40’s.
  • Plant bare root trees and shrubs. Fall planting requires less waterings and is less stressful on the plants (zones 5 to 10).
  • Time to attack the broadleaf weeds in your yard.
  • Decorate with pumpkins, gourds, cornstalks and hay bales for fun, festive entrances.
  • Remove damaged/broken branches from trees and shrubs.
  • Pull out annuals that are dead or already dying.
  • Plant containers with small sized evergreens, ground covers, ornamental grasses, and colorful perennials to go through the fall and winter seasons.

 

 

Greenwood Nursery | 1-800-426-0958

 

September Regional Reports: Prices, Sales Drop Sharply | Cross River Real Estate

Leave a reply

Fall came faster than expected to Western and Midwestern markets in two new September market reports from online brokerages.

For the month ended Sept. 15, median list prices in 24 metropolitan areas were 14 percent above pries a year ago but down from a nearly 16 percent annual gain in August. Median price increases shrank in 19 out of 24 markets. The median sale price of about $272,000 in mid-September was also about 2% lower than in mid-August 2013, according to Lanny Baker, CEO and President of ZipRealty.

“Further moderation in trends was evident in sold-to-list price ratios, new listings volume, pending sales volume, and days on market data for mid-September,” said Baker. “The median number of days on market inched up from 28 in mid-August to 30 in mid-September, though houses are still selling faster this year than last year in every city except Phoenix.”

In September, home sales, prices, and inventory all dropped from August, according to Redfin’s analysis of 19 largely West Coast markets. Prices had their third consecutive month-over-month drop, falling 2.2 percent. Home sales dropped 18.8 percent from August, and inventory fell 3.4 percent. Year over year, prices are up 15.9 percent and home sales up 8.1 percent.

September 2013Month-Over- Month ChangeYear-Over-Year Change
Median Sale Price$330,470.00-2.20%15.90%
Total Homes Sold73,781-18.80%8.10%
Total Homes For   Sale234,670-3.40%-17.50%

Redfin reported that

  • Eighteen of the 19 cities measured saw home prices increase year over year; eight saw month-over-month increases.
  • Las Vegas led the price gains with a 30.3% year-over-year increase. Philadelphia was the only market without a year-over-year gain; prices were flat at 0.0 percent.
  • Chicago saw the biggest sales gains, with home sales up 25.9% from September 2012.
  • Sacramento’s sales volumes took the hardest hit with a 8.9% drop from a year earlier.
  • Inventory came in at 234,670 total listings across the 19 metro areas studied.
  • Las Vegas had the largest inventory drop at 46.6%. The only market with a yearly increase in homes for sale was Phoenix, with a 1.7% bump.

According to ZipRealty, the top 10 markets based on percentage median price growth as of Sept. 15 were:

MetroYear-Over-Year Price   Growth
1)Sacramento33%
2)Las Vegas31%
3)Los Angeles26%
4)San Francisco Bay   Area25%
5)Phoenix23%
6)Orlando21%
7)San Diego21%
8)Orange County20%
9)Portland15%
10)Chicago15%

 

The 10 ZipRealty markets with the greatest number new listings as of Sept. 15 were:

MetroYOY Increase in   New Listings
1)Denver19%
2)Tucson &   Orange County15%
3)Baltimore14%
4)Washington,   DC/Northern Virginia & Richmond, Va.11%
5)San Diego &   Seattle10%
6)Raleigh9%
7)Dallas8%
8)Chicago &   Orlando7%
9)Houston &   Sacramento6%
10)Los Angeles5%

 

 

 

 

http://www.realestateeconomywatch.com/2013/10/september-regional-reports-prices-sales-drop-sharply/

 

CoreLogic Sees Even Higher Prices in September | Cross River Homes

Leave a reply

In its forecast for September year over year home prices, CoreLogic is ignoring predictions for a slowing down of the recovery with the end of the 2013 home buying season and predicts a 12.7 percent price hike in September after reporting August prices reached 12.4 percent.

If the September forecast proves true, September will be the 18th consecutive monthly year-over-year increase in home prices for the CoreLogic Home Price Index.

Excluding distressed sales, home prices increased on a year-over-year basis by 11.2 percent in August 2013 compared to August 2012. On a month-over-month basis, excluding distressed sales, home prices increased 1 percent in August 2013 compared to July 2013. Distressed sales include short sales and real estate owned (REO) transactions. On a month-over-month basis, including distressed sales, home prices increased by 0.9 percent in August 2013 compared to July 2013*.

The CoreLogic Pending HPI indicates that September 2013 home prices, including distressed sales, are expected to rise by 12.7 percent on a year-over-year basis from September 2012 and rise by 0.2 percent on a month-over-month basis from August 2013. Excluding distressed sales, September 2013 home prices are poised to rise 12.2 percent year over year from September 2012 and by 0.7 percent month over month from August 2013. The CoreLogic Pending HPI is a proprietary and exclusive metric that provides the most current indication of trends in home prices. It is based on Multiple Listing Service (MLS) data that measure price changes for the most recent month.

“Home price gains were negligible month over month in August-an expected decrease in the pace of appreciation as housing enters the off-season,” said Dr. Mark Fleming, chief economist for CoreLogic. “While prices increased more than 12 percent on a year-over-year basis, the month-to-month change is more telling of this year’s late summer trend.”

“After a strong run, the rate of home price appreciation slowed in August. In addition to normal seasonality, the recent sharp rise in mortgage rates off their historic lows was a clear driver behind the slowdown,” said Anand Nallathambi, president and CEO of CoreLogic. “We anticipate moderate gains in home prices over the balance of this year, supported by the recent downward trend in rates and continued tight supplies of homes in many markets.”

 

 

http://www.realestateeconomywatch.com/2013/10/corelogic-sees-even-higer-prices-in-september/

6 Tips for Finding Prospects on LinkedIn | Cross River Real Estate

Leave a reply

Are you using LinkedIn to connect with new leads and clients?

Do you want to learn about social selling tactics on LinkedIn?

Social selling is the use of social media to discover and connect with new leads and new clients.

In this article, you’ll discover a 6-step process to find new leads and attract new clients on LinkedIn.

Start social selling on LinkedIn with these 6 simple steps. Image source: iStockphoto

#1: Make Your Profile Easy to Find

Most of social selling requires an active outreach process. But you can draw prospective clients to you when you optimize your profile with keywords a potential new client might use when seeking out someone with the products or services that you provide. Add strong keywords to the Title and Summary sections of your profile to ensure you show up in search results.

Remember that you’ll only show up in search results for people in your network. This includes first-, second- and third-level connections, and people who are members of groups you belong to. For this reason it’s beneficial to have a larger LinkedIn network rather than keeping it limited to close personal connections.

The more connections you have, the more searches you will show up in. That said, try not to treat LinkedIn as a popularity contest, since you’re limited to 3000 connection invites.

#2: Create Strategic Alliances

Next you’ll want to remember to network and build business relationships with peers in your industry.

Find professionals who share a target market similar to yours, but don’t offer the service you provide. Once you connect with them, consider fostering a reciprocal relationship to generate referrals for each of you.

Before connecting with a prospect, ask yourself “What do I have to offer her?”

The third-party credibility you receive will dramatically shorten the sales cycle with prospective clients.

#3: ‘Search’ for Opportunities

Now you can focus on finding the prospects you want for your business.

First, join a few LinkedIn groups to network with a wider audience.

Second, use the excellent functionality of Advanced Search to find prospects. You can filter by relationship, groups, location and industry, and the Save Search function even allows you to store effective criteria.

Search by relationship, groups, location and industry.

Use the Tags feature in LinkedIn Contacts to sort your results and save profiles of prospects to the Profile Organizer without being connected to them.

#4: Carefully Craft Your Message

After you identify someone you want to connect with, you’ll want to carefully tailor your communication.

A great first impression with your prospects on LinkedIn should leave them with an interest in your service and a willingness to continue communication.

 

 

 

http://www.socialmediaexaminer.com/finding-clients-on-linkedin/

Great news! Shadow inventory drops to 1.9M homes | Cross River Real Estate

Leave a reply

It’s a staggering number: The “shadow inventory” in July– properties that are seriously delinquent, in foreclosure or in lenders’ REO inventories (but not yet listed for sale on a multiple listing service) — stood at 1.9 million homes valued at $293 billion, CoreLogic said today.

But you have to put things in perspective.

That’s a 22 percent drop from a year ago, and 38 percent from the 2010 peak of 3 million homes.

Plus, that’s the national picture, and all real estate is local, right? If you break it down to the state level, the five states with the highest foreclosure inventory as a percentage of mortgaged homes were: Florida (7.9 percent), New Jersey (6.2 percent), New York (4.9 percent), Maine (4 percent) and Connecticut (3.9 percent). Source: corelogic.com

 

 

– See more at:

 

http://www.inman.com/wire/great-news-shadow-inventory-drops-to-1-9m-homes/#sthash.pe0Y4n90.dpuf

Q&A: Patching Water-Damaged Plaster | Cross River Real Estate

Leave a reply

Q.

My company has done plaster repair work for many years. After repairing water-damaged walls or ceilings, we occasionally get called back to “fix” an unsuccessful repair. Our second repair attempt involves digging out a very bumpy, chalky substance, and more often than not, we have to repeat this process a number of times until the patch finally takes hold. What causes this reaction on some water damage jobs and not others? What is the most efficient way to deal with this problem?

A.

Mel Hines responds: The problem you refer to is caused by efflorescence — salts in the plaster are brought to the surface by the intruding water. The water often causes the magnesium in the lime coat to expand and produce the blisterlike effect you refer to. One of our recent reader, hired a water damage restoration contractor in Phoenix area and got rid of such problems.

Assuming that the water intrusion has been stopped, the first step is to chip away the lime coat at the affected area. Other than this, if you want a best solution then go for plumbing service in the sutherland shire.  There is a good chance that the bond between the finish lime coat and the plaster base coat has been weakened.

When faced with this situation, I use a wire brush to scrub away any loose base-coat particles, then apply a coat of Kilz (Masterchem Industries, Inc., P.O. Box 368, Barnhart, MO 63012; 314/942-2510) to the base-coat plaster. Kilz is an alkyd-based sealer, primer, and stain blocker. The plaster base coat must be completely dry before application. Next, I apply a coat of Durabond (United States Gypsum Corp., 125 S. Franklin, Chicago, IL 60606; 800/552-9785). Durabond is a fast-setting, low-shrinkage compound with tenacious bonding qualities and accelerated setting times. When the plaster walls and ceilings in your home are damaged, it can cause various practical problems, as well as decrease your home’s value. To fix this eyesore, you’ll need to repair the plaster, hire professional contractor like Plaster Installation New Jersey Agency.

Finally, I apply a skim coat of ready-mixed all-purpose joint compound. After a light sanding, the repair is ready for painting.

Mel Hines owns Atlanta/Pro-Serve, a ceiling and wall repair service in Atlanta, Ga.

Mortgage rates fall to 2-month low after Fed announcement | Cross River Real Estate

Leave a reply

Rates on 30-year fixed-rate mortgages dropped to a two-month low this week following a recent announcement from the Fed that it would not begin to wind down its bond-buying program.

Rates on 30-year fixed-rate loans averaged 4.32 percent with an average point of 0.7 percent for the week ending Sept. 26, down from 4.5 percent last week but up from 3.4 percent a year ago, according to Freddie Mac’s latest Primary Mortgage Market Survey.

“Mortgage rates fell following the Federal Reserve announcement that it will maintain its bond-buying stimulus,” said Frank Nothaft, Freddie Mac’s vice president and chief economist, in a statement. “These low rates should somewhat offset the house price gains seen the last number of months and keep housing affordability elevated.”

Rates on 15-year fixed-rate mortgages, five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans and one-year Treasury-indexed ARMs also fell.

 

Source: Freddie Mac

 

 

– See more at: http://www.inman.com/wire/mortgage-rates-fall-to-2-month-low-after-fed-announcement/#sthash.sZ0FPtml.dpuf

Single-family housing starts improve | Cross River Real Estate

Leave a reply

The increase in housing starts fell short of expectations in August, up a slight 0.9% from July, the Census Bureau revealed Wednesday.

Housing starts in August were at a seasonally adjusted rate of 891,000, compared to the revised July estimate of 883,000.

“The small rise in starts in August, which was below expectations and would have been a fall were it not for downward revisions to earlier data, is not as disappointing as it first appears,” said analysts at Capital Economics. “The figures are skewed by the volatile multi-family sector; single-family starts posted an encouraging gain.”

The August rate is 19% higher than the August 2012 rate of 749,000.

Daren Blomquist, vice president of RealtyTrac, believes that the latest report suggests builders are looking much more carefully at the market.

“Builders continue to be very cautious given what they’ve been through the past seven years,” said Blomquist. “They do recognize that you have several things at play that could change this sort of frenzied buying activity that we’ve been seeing over the last six months,” he added.

According to Blomquist, the current market is similar to the market we were seeing 5-to-10 years ago, so many of the builders that experienced that market aren’t assuming this one will last.

“That’s what got them into trouble last time,” said Blomquist. He added that Wednesday’s report may not be what some people want to see from an economic perspective, but he believes it is a good sign that builders are being cautious and not overextending themselves.

Auction.com Executive Vice President Rick Sharga has a much brighter view of Wednesday’s housing starts data.

“The most positive aspect of today’s numbers were the fact that single-family starts were up pretty significantly,” said Sharga.

In August, single-family housing starts were at a rate of 628,000, up 7% from the revised July figure of 587,000. The August rate for homes in buildings with five units or more reached a pace of 252,000 units.

Sharga noted that it’s not unusual on a month-to-month basis to see some ebb and flow. “What we’re seeing is really an adjustment as builders try to figure out where they really are,” he added.

When reports fall short of expectations, it’s easy to take a negative view of it, said Sharga. However, it’s important to look at the composition under the top-line numbers, he explained.

 

 

 

http://www.housingwire.com/articles/26903-single-family-starts-improve

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

Leave a reply

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