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Naya Rivera’s Beverly Hills Home Pending for $2.1 Million | Cross River NY Real Estate
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Category Archives: Cross River NY
How to Build a Greenhouse | Cross River NY Homes
The south wall of the greenhouse is made of 2-by-6s and four storm doors.NEVIN HAWLMAN
Early that autumn morning, I knew it was going to be a great day: I dropped my toast, and it landed honey-side up! Then in the morning newspaper, I saw an announcement for a public auction of “dozens of used aluminum storm doors.” I could hardly wait to hitch up my trailer.
My bid was $4 when the auctioneer said, “Sold! How many do you want?”
“All of them,” I said. I went home with 25 used double-track aluminum storm doors with screens and tempered glass.
Building the Greenhouse
I always wanted a home garden greenhouse to start my own vegetable plants (and a warm place to putter as the snow swirled outside). When I announced my new project at our Sunday family supper, my son smiled as he said, “I thought you were running low on things to do.” The next day he was helping me unload stones for the greenhouse base.
We made the greenhouse frame from 2-by-6s. The studs and rafters are on 36-inch centers to accommodate the 36-inch storm doors. Top and bottom plates are double 2-by-6s with overlapping corners. The frame is held together by three-eighths-inch bolts and galvanized spiral nails. The north side has no glass exposure. It is sheathed with oriented strand board and covered with vinyl siding. It shelters the greenhouse from cold winter winds. That sheltered side also makes working in the greenhouse bearable on hot summer days. The worktable is in the shade.
Heating the Greenhouse
The greenhouse is heated by hot water piped in via underground lines coming from a woodstove outside my shop. I modified the stove by laying a cast-iron radiator on top of it. The water in the radiator is drawn to the greenhouse radiator by a small circulating pump. The pump runs constantly in cold months. The greenhouse thermostat controls the blower on the remote woodstove so it maintains a water temperature of about 120 degrees Fahrenheit. I think this is more efficient than having the water temperature fluctuate widely. I know it provides a more even temperature in the greenhouse, which ranges from 70 to 80 degrees on cloudy days.
If you love gardening and potting plants, build a greenhouse! Don’t expect it to pay for itself unless you value the excitement of seeing a seed sprout, you get a special satisfaction from eating your own harvest, and enjoy the flavors that have been lost in the quest for commercial produce that stays hard as wood in shipping (and also resembles wood in flavor).
New-home sales jump in March from a year ago | Cross River Real Estate
Sales of new single-family homes in March rose 18.5 percent year over year, according to a monthly report from the U.S. Census Bureau released today.
March’s seasonally adjusted annual rate of 417,000 homes represented a 1.5 percent increase from February’s revised rate of 411,000. In January, new-home sales hit a four-year high of 431,000.
The Census Bureau estimated that 153,000 homes were for sale in the U.S. at the end of March. That represents a 4.4-month supply at the current sales rate, the same as February’s supply level.
On Monday, the National Association of Realtors reported that existing home sales were up 10.3 percent from a year ago in March, but down 0.6 percent from February.
Experts including NAR Chief Economist Lawrence Yun say that low inventory is preventing larger increases in home sales. The supply of homes for sale is down 16.8 percent from last year, when the months’ supply of inventory stood at 6.2 months, according to NAR data.
via inman.com
Mortgage applications slightly increase | Katonah NY Real Estate
Mortgage applications slightly inched up, escalating 0.2% from one week earlier, the Mortgage Bankers Association said.
Also posting a meager increase, the refinance index rose 0.3% from the previous week, for the week ending April 19.
The seasonally adjusted purchase index continued to rise and similarly increased .3%, posting its highest level since May 2010.
For the second week straight, the refinance share of overall mortgage activity remained at 75%.
The adjustable-rate mortgage share of activity sank down to 4% of total applications.
Meanwhile, the average 30-year, fixed-rate mortgage with a conforming loan balance decreased to 3.65% from 3.67%.
The average 30-year, FRM with a jumbo loan balance fell to 3.75% from 3.77% last week.
The average contract interest rate for the 30-year, FRM backed by the FHA remained at 3.37% compared to a week prior.
Additionally, the 5/1 ARM swung back up to 2.62% from 2.57% last week. The 15-year, FRM decreased from 2.91% to 2.89%.
via housingwire.com
Ways to make your home more environmentally friendly | Cross River Real Estate
AOL Real Estate writes:
Adam Prince of ZeroEnergy Design said, “Think ahead about your decisions to improve your building shell, systems, appliances, lighting, and possibly add renewable energy. Having an energy plan in place will help avoid snap decisions and instead make the right decision — for example, if your refrigerator breaks, if the roof needs replacement, or if you are about to finish the basement.”
via housingwire.com
Homes Sales Begin To Slip As Buyer Demand Outpaces Supply | Cross River Homes
via forbes.com
Apartment Markets Still Look Good | Cross River Real Estate
Neither an upswing in home sales nor a wave of new multifamily construction is affecting apartment vacancy rates so far this year. Rates are down and rents are strong across the nation.
Apartment markets improved across all areas according to the National Multi Housing Council’s (NMHC) April Quarterly Survey of Apartment Market Conditions. All four indexes — Market Tightness (54), Sales Volume (55), Equity Financing (56) and Debt Financing (59) — came in above 50, which indicates improving conditions. This reverses last January’s findings, where Market Tightness and Sales Volume dipped below 50 for the first time since 2010.
“The apartment industry is operating on cruise control, as the expansion continues unabated,” said Mark Obrinsky, NMHC’s Vice President for Research and Chief Economist. “While concern about overbuilding has begun to crop up, demand for apartment residences remains strong. New construction may have finally recovered fully, but most units under construction won’t be delivered until 2014 or later. The dearth of recent completions has contributed to relatively low product availability. As deliveries increase, we expect to see an even greater pick-up in sales volume.”
Realtor.com ads focus on source of listing data | Cross River Real Estate
via inman.com
Manhattan’s Most Expensive Home Officially Hits the Market at $125 Million | Cross River Real Estate
via zillowblog.com
Apartment Markets Still Look Good | Cross River Real Estate
Neither an upswing in home sales nor a wave of new multifamily construction is affecting apartment vacancy rates so far this year. Rates are down and rents are strong across the nation.
Apartment markets improved across all areas according to the National Multi Housing Council’s (NMHC) April Quarterly Survey of Apartment Market Conditions. All four indexes — Market Tightness (54), Sales Volume (55), Equity Financing (56) and Debt Financing (59) — came in above 50, which indicates improving conditions. This reverses last January’s findings, where Market Tightness and Sales Volume dipped below 50 for the first time since 2010.
“The apartment industry is operating on cruise control, as the expansion continues unabated,” said Mark Obrinsky, NMHC’s Vice President for Research and Chief Economist. “While concern about overbuilding has begun to crop up, demand for apartment residences remains strong. New construction may have finally recovered fully, but most units under construction won’t be delivered until 2014 or later. The dearth of recent completions has contributed to relatively low product availability. As deliveries increase, we expect to see an even greater pick-up in sales volume.”
Key findings include:
Financing remains constrained. One in ten reported construction financing as available for all types of apartments in all markets. In addition, only one quarter thought acquisition financing was available for all properties in all markets.
Market Tightness Index rose to 54 from 45. The index has been above 50 for 12 of the past 13 quarters, with only January 2013 indicating contraction. One quarter of respondents saw markets as tighter, up from 16 percent last quarter.
The Sales Volume Index increased to 55 from 49. Like the Market Tightness Index, the pickup in the Sales Volume Index showed improving conditions again this quarter. Almost one-third (30 percent) reported sales volume was higher while only 20 percent indicated that sales volume was lower.
The Equity Financing Index remained at 56, unchanged from the previous two quarters. This reflects the 15th quarter in a row with the index above 50. This is the seventh quarter in a row in which the most common response was that equity finance conditions were unchanged from three months ago.
Debt Financing Index increased by two points to 59. One quarter of respondents viewed now as a better time to borrow compared with three months ago, while six percent viewed now as a worse time. This was the ninth consecutive quarter in which the share of respondents who thought debt financing had worsened was in single digits.
