Simply Escapist in Santa Cruz | Cross River NY Homes
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Dubai Back To Being Muslim Capital Of Real Estate | Cross River Real Estate
Bay Area home prices are taking a breather | Cross River Real Estate
The Bay Area’s roaring housing market appears to be quieting down to more of an inside voice.
In November, home prices in the region increased by about 1.3 percent — a gain, but not nearly as strong as the city’s 23.2 percent year-over-year leap, according to the SP/Case-Shiller Home Price Indices, which tracks home prices across the country.
Nationwide, home prices in November fell by 0.1 percent, but showed 13.8 percent growth during the previous year. San Francisco remains in the country’s top 10, but experts expect the market to return to lower home price appreciation levels.
“Individual markets are showing signs of slowing down, which is helping to set up a mixed bag this year for buyers and sellers,” said Stan Humphries, chief economist with Zillow, a real estate information company. “Buyers can expect more inventory and less investor competition, while sellers used to seeing huge price gains month after month may feel some whiplash as that slows down.”
A slowdown maybe be good news for prospective buyers, but another major concern is rising interest rates, which can curb rising prices since they increase the cost of owning home.
Eaglefest coming to Croton | Cross River Real Estate
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Join us on Saturday to meet and learn about Teatown’s furry, scurry rodent friends! Families with children over 4 years old. Free for members, $5 for non-members. 
The whistle-pig (groundhog) is leaving clues for you to find around Teatown. Join in the quest as we search and discover the whereabouts of this wily critter. Families with children 4-7 years old. Free for members, $5 for non-members. 
Don’t miss out on the summer fun, friendships, and exploration! 
The eagles have been active for Ossining’s first graders at the Croton boat ramp this week. The first graders are getting an up-close and personal experience with the eagles, giving hands-on experience for their in-school curriculum. Teatown educators and volunteers assist the students in viewing the bald eagles through the spotting scope and instruct them in bald eagle ecology. The eagles, of all ages, are enjoying the cold weather and ice. They have been seen soaring over Eagle Bay, perching in tall trees near Croton Point Park, and feasting on fish on an ice shelf.
Presented by Sagefire Institute: The ancient practice of Sit Spot is a form of daily meditation that takes a person out of their head and into their senses. Unlike other forms of meditation, Sit Spot and its associated core routines of awareness, is done outside where you can experience the fullness of life and fall more deeply in love with the earth.
Are You Making These 25 Common Decorating Mistakes? | Cross River NY Homes
3. Too Many Knickknacks Knickknacks, decorations, tchotchkes, accessories, call them what you want, but we all have too many of them. Rotate what you have, and if you really like something but it’s been out for a while, store it for a bit. You don’t have to have it all out at once and every surface should not be covered. Edit your collections so they’re pointed and look good as a small grouping.
2. Pillow Overload If the pillows actually hinder being able to sit on a couch or lie comfortably on a bed, then it’s obviously too much. Instead of buying so many pillows, spend your time, energy and money decorating an area of the room you’re actually looking at when sitting in bed.
1. Fake Flowers This is a controversial topic, but fake flowers (and plants) are a mistake. They gather dust and don’t bring life into your home like real flowers, which look and smell better. Fresh flowers are expensive, but there are other things you can do instead of buying them all the time. Put lemons or other fruit in a bowl for a punch of color. Or, use some dried natural material like curly willow or bamboo stalks for a fresh look.
http://shine.yahoo.com/at-home/making-25-common-decorating-mistakes-002000324.html
Drop in New Home Sales | Cross River Real Estate
Monthly data out this morning show sales of new homes fell 7 percent in December, to an annualized rate of 414,000, which was below the estimates of all 75 economists surveyed by Bloomberg News. Sales are up 35 percent since the bottom of the market in 2011, but as Calculated Risk notes, they are still basically at or below the levels seen during the bottom of every previous recession. New homes sales are just one piece of the market. And as Trulia’s Jed Kolko points out on Twitter (TWTR), they’re a historically small piece right now.
More broadly, there are signs of “remarkable resilience” in the recovery, according to a Campbell/Inside Mortgage Finance HousingPulse Tracking Survey released last week. It found that nondistressed homes spent an average of 9.7 weeks on the market in December, or 20 percent less time than in December 2012. Also, homes are selling closer to their asking prices. In December, homes sold for 97.1 percent of their list prices, on average, up from 95.5 percent a year earlier.
Home prices fall back slightly in November, soar from a year earlier | Cross River Real Estate
Home prices in the nation’s largest cities declined slightly in November from October, as the market showed signs of cooling during the slower fall season, according to a closely watched index.
The S&P/Case-Shiller index of 20 large U.S. metropolitan areas, released Tuesday, fell 0.1% from October–the first decline since November 2012. But prices soared compared to a year earlier, rising 13.7%.
David M. Blitzer, chairman of the index committee at S&P Dow Jones Indices, called November a “good month for home prices,” noting strong year-over-year price appreciation.
“Prices typically weaken as we move closer to the winter,” he said in a statement.
Western metros continue to lead the recovery. Prices in Las Vegas rose 27.3% compared to November 2012; San Francisco 23.2%; and Los Angeles 21.6%.
The Case-Shiller index, created by economists Karl E. Case and Robert J. Shiller, is widely considered the most reliable read on home values.
The housing index compares the latest sales of detached houses with previous sales, and accounts for factors such as remodeling that might affect a house’s sale price over time.
Nine cities posted price gains from October. Los Angeles, Las Vegas, Phoenix, Miami and Tampa, Fla., have seen 12 or more straight monthly increases.
http://www.latimes.com/business/money/la-fi-mo-case-shiller-20140128,0,5908610.story#ixzz2rhqtcUVQ
New home sales fell 7% in December | Cross River Real Estate
New home sales fell in December, falling 7% below November’s revised rate of 445,000 sales to a seasonally adjusted annual rate of 414,000 units, the Commerce Department reported Monday.
However, December statistics are still 4.5% above the December 2012 estimate of 396,000 units.
Additionally, the median sales price of new houses sold in December 2013 fell to $270,000, while the average sales price for the same month came in at $311,400.
The estimate of new houses up for sale at the end of December came in at 171,000, representing a 5-month inventory supply at the current sales rate.
Meanwhile, 428,000 new homes were sold in 2013, which is 16.4% above the 2012 figure of 368,000 units.
Despite the dampening numbers, Jeff Taylor, managing partner at Digital Risk, is still very bullish on new home sales going into 2014 since you still have historically low interest rates and you will get more for your money.
“I think last year the market got so hot nationally that a lot of investors bought a lot of these houses and started to put them on the market, but since they were not doing significant repairs to the houses, people took a step back from buying them,” Taylor said.
http://www.housingwire.com/articles/28729-new-home-sales-fell-7-in-december
Pilgrim-Era Homestead with All the Trimmings Asks $1.5M – On the Market | Cross River NY Real Estate
Baby boomers key to robust real estate market | Cross River Real Estate
“Build it and they will come.” That phrase had characterized Clark County’s real estate market for decades. But are we ready to build the housing that will meet the needs of those who help drive the local market: the baby boomers?
The year 2013 was a continuation of the momentum in home sales that started in 2012. Prices continued to modestly increase. With this stability in the market, many savvy but cautious buyers were ready to take the plunge.
This improvement in the housing market also created hope for many homeowners who had suffered substantial losses in value over the past several years and now found themselves in a more favorable position to sell.
The shift from a buyer’s market to a seller’s market came early in the year, when buyers very aggressively returned to the market. The listing inventory in certain price ranges was quickly depleted.
A seller’s market emerged, with multiple offers on some properties, especially in the lower price ranges — less than $200,000, and $200,000 to $250,000. Prompted by low interest rates and good values, buyers continued to pursue homeownership.
The next 12 months should be characterized by an increase in housing inventory. More homeowners will be reaching the point where their equity position is improved enough to no longer be “underwater.” As those sellers enter the housing market, we should see inventories adequate to satisfy a thirsty supply of buyers.
Many baby boomers are homeowners who want to move from a large two-story into a single-level home in a quality, secure neighborhood with perhaps a smaller yard. They are not finding many choices in this category, particularly if they aren’t interested in paying more than $400,000 for the home. They want newer, quality construction — they don’t want to downgrade, they just want to downsize.
http://www.columbian.com/news/2014/jan/23/baby-boomers-key-to-robust-real-estate-market/