Tag Archives: Cross River Luxury Homes

Houses groan, creak, and pop on a regular basis | Cross River Real Estate

Homes make strange noises. They’re built from many different materials — glass, concrete, wood — that expand and contract at different rates.

“[But] the most noise your house should make is a popping sound, like your knuckles cracking, and only once in a while,” said Bill Richardson, former president of the American Society of Home Inspectors and owner of Responsive Inspections in Bosque Farms, N.M.

If your home is making noises that rival the best of Metallica, then it may be sending you signals that there’s a problem. We asked the experts to catalogue some of the more worrisome pops, hisses, groans, creaks and knocks, and tell us what they mean and how they can be remedied.

Here are the top seven problem noises and how they can be solved.

1. What is that clanking sound when I turn on the heat?

The problem: When most homeowners first turn on their heating system in the fall, they hear a little moaning and groaning as the heating system expands and rubs against the frame of the house, says Mike Kuhn, the New Jersey owner of HouseMaster inspection service and coauthor of “The Pocket Idiot’s Guide to Home Inspections.” With a baseboard hot-water system, you can also expect “normal clinking and knocking,” says Kuhn. The circulator pump or pumps to the system, however, “should be silent when they run,” says Kuhn. If you hear knocking or clanking, typically located at the boiler itself, it might be a sign of impending failure of the circulator pump, he says.

The solution: Get a repairman out to check on it, pronto.

2. There’s a strange scratching sound coming from behind the walls.

The problem: If you hear strange noises like scratching and possibly chittering coming from places where no one lives in the house, you could have mice, squirrels, raccoons or even bats sharing your quarters, says Richardson. “Any kind of wild critter could be up in the attic,” he says. And these freeloaders aren’t just a nuisance; bats can carry deadly rabies. In the Southwest, the droppings of mice can spread hantavirus. Some animals will tear up insulation to nest or chew through siding and even electrical wires, causing fires.

The solution: As soon as you suspect an intruder, get on it: Set traps. (Call in a pro if the animal is stubborn or large.) Finally, prevent the problem from reoccurring by sealing up the entrances to your house with steel wool, metal sheeting, caulk and/or hardware cloth.

To keep raccoons away, put garbage in sealed, secure metal cans that can’t be tipped. Bring pet food inside. After pests have been removed, make sure vents and chimneys are securely covered with mesh or a grille, so those spaces can still breathe.

3. There’s no one in the house and I can still hear running water. How can that be?

The problem: “You definitely don’t want to hear water running if nobody’s using anything,” says Richardson. The sound could indicate many things — a busted pipe in a wall, under the floor or even in the irrigation system.

The solution: If you hear running water when you shouldn’t, shut the main off and see if the noise goes away, says Richardson. If it does, you’ve got a leak somewhere — and a problem in need of fixing. Unless you’re really handy and ready to do surgery on your home, call in a plumber.

4. I hear a bubbling (or cracking) sound coming from the water heater. Is that normal?

The problem: A gas-fired hot-water heater works pretty much like boiling a pot of water: A fire is lit and the water inside is heated until it’s ready for use. “A lot of sediment builds up at the bottom of a hot water tank, and that sediment works like an insulator,” forcing the burner to work harder, Kuhn says. The strange noise you hear is the bubbling sediment — and a sign that the tank is probably experiencing fatigue and may be facing premature failure, he says.

The solution: Ideally, you should flush out your hot water tank every few months, using the drain valve near the bottom of the floor. “However, nobody does it,” says Kuhn, because it can be a pain to do. If your water heater is already making these noises, draining it might help. “It could (work) a little bit longer, [and] it could go a lot longer,” but the damage is probably done, says Kuhn.

5. My furnace is making a whistling (sucking) sound that it’s never made before. Is it going to need to be replaced?

The problem: “What that can connote is that your filter hasn’t been changed,” says Richardson. “And your furnace is trying to pull in air from around it.” That’s not good, he explains, because it means the furnace is working too hard. “What it will do is start sucking exhaust gasses from the furnace into the house.”

The solution: Install clean filters regularly — “anywhere from three months to monthly, depending on atmospheric conditions,” says Richardson.

 

read more…

 

http://www.zillow.com/blog/7-creepy-house-noises-163176/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+ZillowBlog+%28Zillow+Blog%29

 

 

Home prices continue to level off | Cross River Real Estate

The pace of home price appreciation in San Diego County fell to a level near its historical average in September, as the housing market continued its return to normalcy after last year’s investor-led run-up in prices.

In September, the median price for a home sold in the county was $445,000, up 5.5 percent from a year earlier, DataQuick reported Monday. Since the real-estate tracker began collecting the data in 1988, San Diego County has averaged an annual home-price gain of 5.2 percent.

“It’s difficult to talk about normal in a boom-bust state, but this is in line with the long-term average and certainly more sustainable,” said DataQuick analyst Andrew LePage.

In August, when annual appreciation was 8.1 percent, the median home price was $448,500.

The slowdown to 5.5 percent in September marked first time the annual pace of home-price appreciation has been near its historical average since July 2012. At that time, however, home values were recovering from the Great Recession, and annual appreciation was on its way to more than 24 percent year-over-year gains, which it reached in June 2013.

Those big home price gains came largely due to investors fixing and flipping distressed properties. Most of that activity is now in the past, with foreclosure resales making up 3.3 percent of the transactions in September. Now, market prices are being driven by traditional factors, such as incomes, supply and mortgage rates.

“Wages aren’t going up, gas, energy, insurance, everything else is going up faster than wages,” said Mark Goldman, a loan officer and real-estate lecturer at San Diego State University. “It’s going to squeeze the housing dollar.”

The number of transactions was nearly flat over the month, declining by 19 sales to 3,305. Activity in the county’s housing market is down 2.3 percent from September 2013, when 3,383 properties changed hands.

Jordan Levine, director of economic research at Beacon Economics, said that his organization is forecasting 4 percent to 6 percent annual appreciation. He noted that DataQuick reports a median price for all homes sold, meaning that even in the days of d

read more….

http://www.utsandiego.com/news/2014/oct/13/

This Minimalist House in Queens Packs in Three Apartments | Cross River Real Estate

flushing_comp.jpgPhotos by Michael Moran/New York Design Hunting

If one had to guess where this pared-back residence would most likely exist, probably every city in minimalist-loving Japan would seem more likely than the truth, that it actually sits in the far reaches of Queens, New York. As architects Devin O’Neill and Faith Rose reveal in the latest issue of New York Design Hunting, the structure’s exterior form, with its compact shape and noted dearth of frill, is actually inspired by the Levittown-style more typical of the surrounding homes. While the edifice is an outward nod to its neighbors, the internal design has nothing to do with the New York architecture of old. O’Neill and Rose were working off an incredibly specific challenge from the client: figure out how to coherently accommodate three branches of a family into one single structure.

 

 

read more…

 

 

http://curbed.com/archives/2014/10/13/oneil-rose-architects-flushing-family-home.php

Behold, The Astounding Interiors of the Beekman Condo-Hotel | Cross River Real Estate

[The atrium, which is to be the centerpiece of the hotel. This will be The Living Room, located within the atrium, a lounge by Tom Colicchio. Colicchio will also be offering in-residence dining service for the residents at the condo tower.]
18 images

At long last. The conversion of the beautiful Temple Court building on Beekman Street into a hotel, with a condo tower that will rise behind it, has been in the works for years. Onlookers have been teased and titillated by a video of the beautiful, decrepit space ripe with potential, plus exterior views and one tantalizing interior peek. But today—today a tipster sends along the first extensive look into the interiors of the hotel and condos. Plus one floorplan. And some view shots. And yes, it is impressive.

While you peruse the renders, recall that 68 condominiums will be housed in a 51-story glassy tower adjacent to the 1883-built atrium-filled beauty, which will contain 287 hotel rooms. The condos will start at $1.2 million for the 20 one-bedrooms, $2.95 million for 38 two-bedrooms, and $3.7 million for eight three-bedrooms. Apartments will range from 700 to 3,550 square feet, while the two full-floor penthouses will also have private outdoor space. Penthouse pricing has not yet been announced, so of course, those asks will be higher.

 

read more…

 

 

http://ny.curbed.com/archives/2014/09/23/behold_the_astounding_interiors_of_the_beekman_condohotel.php

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

 

24 images

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!

 

read more…

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

 

 

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

 

 

 

 

 

read more….

 

 

 

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.

 

read more..

 

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%.

 

read more….

 

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.

 

 

read more….

 

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