5 Great Tax Breaks for Homeowners | Cross River Real Estate
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Deliquency, Foreclosure Rates Welcomed Back To Pre-Crisis Levels | Cross River NY Homes
The end of 2013 showed broad improvements in delinquency and foreclosure rates, dropping to their lowest levels in six years, reports the Mortgage Bankers Association (MBA) in its Q4 2013 National Delinquency Survey.
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 6.39% of all loans outstanding at the end of the fourth quarter of 2013 – the lowest level since the first quarter of 2008.
The delinquency rate decreased two basis points from the previous quarter and 70 basis points from one year before. (The delinquency rate includes loans that are at least one payment past due but does not include loans in the process of foreclosure.)
The percentage of loans in the foreclosure process at the end of the fourth quarter was 2.86%, down 22 basis points from the third quarter and 88 basis points lower than one year before. This was the lowest foreclosure inventory rate seen since 2008, the MBA notes.
The non-seasonally adjusted percentage of loans on which foreclosure actions were started during the fourth quarter decreased to 0.54% from 0.61% – a decrease of seven basis points and the lowest level since 2006.
The serious delinquency rate, the percentage of loans that are 90 days or more past due or in the process of foreclosure, was 5.41% – a decrease of 24 basis points from last quarter, and a decrease of 137 basis points from the fourth quarter of the year prior.
http://www.mortgageorb.com/e107_plugins/content/content.php?content.15065
Historic Cliff-Top Victorian on the Maine Coast Asks $6.75M | Cross River Real Estate
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Location: Seal Harbor, Maine Price: $6,750,000 The Skinny: Overlooking the Atlantic Ocean from atop the pink granite cliffs on the south end of Maine’s Mt. Desert Island, the evocatively named Ravenscleft has stood watch for more than 100 years. The Shingle-style Victorian was designed by noted Boston architectural firm Peabody and Stearns, a pair perhaps best known today for municipal structures like Boston’s Custom House Tower, but who were also prolific residential architects in their day. They designed luxury homes up and down the Eastern seaboard in the late 1800s and early 1900s, including the original Breakers in Rhode Island and George Carnegie’s Plum Orchard estate on Cumberland Island, Georgia. Ravenscleft, whose long history allegedly includes playing host to Teddy Roosevelt in 1909, has recently been modernized, with an elevator and generator among the added amenities. The six-bedroom house, which is asking $6.75M, also features formal living and dining rooms, a library, an updated kitchen, and absolutely stunning ocean views.
http://curbed.com/archives/2014/02/18/historic-clifftop-victorian-on-the-maine-coast-asks-675m.php
Room of the Day: A Maine Guest Cottage Steeped in Charm | Cross River Real Estate
China’s housing market is looking ugly | Cross River NY Real Estate
China’s surging property market might finally have hit the skids.
Sales have “showed a sharp decline” (paywall) in January, compared to Dec. 2013, according to China Confidential, a Financial Times research outfit, even when controlling for softness due to the Chinese New Year holiday. Official data show prices still high in December (the last month for which data were available), but those will likely be dragged down in the coming months.
A big blow to global markets
Housing investment is a big engine of China’s economy. And though slower growth could help end China’s dangerous reliance on credit-backed investment, an abrupt slowdown will freak out global markets and throttle commodity prices.
Devastating for China’s financial system
Property-sector loans accounted for one-third of total loans last year, equaling $380 billion. A slowdown would mean that real estate developers, many of whom borrow through shadow finance channels, would struggle to pay back retail investors who effectively loaned to them via wealth management products (more on those here). A lot of that investment has flowed one way or another through China’s shadow banking system, the unregulated credit that allows banks to shunt loans to dodgy borrowers.
But the threat to China’s financial system is much broader than that. Untold billions in corporate borrowing are supported by property used as collateral. There’s a cottage industry of auditors willing to appraise unoccupied or under-development property at whatever value is deemed necessary to get a bank manager to extend a loan. (In many cases, the borrower will turn around and lend to another business at a higher interest rate.) The fact that prices keep going up means there’s nothing challenging those face-value assumptions. A slump in prices would put a big dent in the value of that collateral.
Simply Escapist in Santa Cruz | Cross River NY Homes
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