Tag Archives: Cross River Luxury Homes

Latest Figures Show New Home Sales and Prices Decline in New York | Cross River Real Estate

In August, the New York, NY market saw a decline year-over-year in new home closings, and with a percentage decline steeper than July 2013, there were suggestions the market may be worsening. Closings sank 29.5% from a year earlier to 665. This was after the housing market saw a 25.0% fall year-over-year in July.

A total of 7,252 new homes were sold during the 12 months that ended in August, down from 7,530 for the year that ended in July.

Out of all housing closings, new home closings made up 4.8%. This is down from the 7.5% of closings a year earlier. Closings of new and existing homes increased year-over-year in August after also rising in July year-over-year.

 

 

 

http://www.builderonline.com/local-housing-data/mid-atlantic/new-york-northern-new-jersey-long-island-ny-nj-pa.aspx?cid=lmkt:new-york-northern-new-jersey-long-island-ny-nj-pa:20131215&rdrnum=1000073719

 

 

 

Foreclosure filings plummet in November | Cross River Homes

U.S. foreclosure filings plummeted 37 percent in November from a year ago and 15 percent from October, according to the latest report from foreclosure data aggregator RealtyTrac.

The 113,454 properties that were served with a default notice, scheduled for auction or repossessed by a bank in November represented the biggest month-over-month drop in foreclosure activity since November 2010, when foreclosure activity dropped 21 percent after the robo-signing scandal broke.

“While some of the decrease in November can be attributed to seasonality, the depth and breadth of the decrease provides strong evidence that we are entering the ninth inning of this foreclosure crisis with the outcome all but guaranteed,” said Daren Blomquist, vice president of RealtyTrac, in a statement.

Only three of the 20 largest U.S. metros posted annual increases in foreclosure activity: Baltimore (up 46 percent), Philadelphia (up 34 percent), and Washington, D.C. (up 6 percent).

– See more at: http://www.inman.com/2013/12/11/foreclosure-filings-plummet-in-november/?utm_source=20131212&utm_medium=email&utm_campaign=dailyheadlinesam#sthash.xJyMjjbG.dpuf

Toll Brothers earnings fall in 4Q, drop year-over-year | Cross River Real Estate

Toll Brothers (TOL), the nation’s largest luxury homebuilder, reported a 65% drop in its net income for fiscal year 2013 versus fiscal year 2012, following a fourth quarter that beat estimates, but was still down from last year.

The firm’s fiscal-year 2013 earnings declined to $170.6 million, or $0.97 per share diluted, compared to earnings of $487.1 million, or $2.86 per share diluted, for fiscal year 2012.

Fourth-quarter earnings for 2013 were $94.9 million, or $0.54 per share diluted, compared to $411.4 million, or $2.35 per share, in fiscal year 2012.

A tax benefit in the fourth quarter of last year could account for some of the disparity.

Toll Brothers’ deferred-tax asset valuation allowance reversal was $394.7 million for the fourth quarter of 2012, versus $4.6 million for their fourth quarter in 2013.

Douglas Yearley, chief executive officer for Toll Brothers, focused on the positive growth the company saw in 2013.

“With revenues and contracts up over 40%, backlog up over 50% and operating income up over 200%, fiscal year 2013 was an excellent year for Toll Brothers,” Yearling said.

Fourth quarter 2013 revenues rose 65% to $1.04 billion compared to the fourth quarter of 2012, with a 36% increase in units to 1,485 deliveries.

The average price of homes delivered rose to $703,000 in the fourth quarter, topping $651,000 in the third quarter of 2013 and $582,000 in the fourth quarter last year.

 

 

http://www.housingwire.com/articles/28253-toll-brothers-earnings-down-for-fourth-quarter-and-fiscal-year-2013

NJ’s priciest listing comes with 2 barns and a silo | Cross River NY Homes

If it’s not clear what you might do with a 20,000-square-foot home that sits on 127 acres and comes with two barns and a 50-foot silo, the address should clue you in that the answer is not “farm.”7 Yearling Path, in Colts Neck, N.J., is being marketed as an “exquisite equestrian estate” that, in addition to all the amenities for horses, comes with some nice perks for humans, too — like marble showers in the 10 bathrooms, a kitchen that can serve 250 people, a gym, and a theater with platform seating.

At the moment, it’s the priciest single-family listing in New Jersey, Marlboro-ColtsNeckPatch reports. The property taxes alone set the current owner back $67,634 in 2012, according to details about the listing, represented by Pamela “Pam” Molloy of Coldwell Banker Holmdel, published by the brokerage. Source: coldwellbankermoves.com

 

 

– See more at: http://www.inman.com/wire/priciest-nj-listing-9-bedroom-equestrian-estate-on-127-acres-for-34-999m/#sthash.83wN5XHW.dpuf

How can I make a worn wood floor look new again? | Cross River Homes

Sunlight, dents and foot traffic can all take their toll on a wood floor,  causing it to appear worn and resulting in reduced stain color. But with a few  key supplies, you can revive worn wood flooring without heavy-duty sanding. (See  below for an instructional video on how to refinish a worn wood  floor.)

How to Refinish Wood Floors

Start refurbishing your floor by finding a wood stain that matches the color  of your existing floor. If you can’t find an exact match, choose a color that’s  slightly darker. Experiment with the stain by rubbing it into a 1- or  2-square-foot area to see how it looks. The best wood stain I’ve found for this  job, Minwax PolyShades, is actually a stain and sealer combination.

Stained floors need some kind of protective coating over the stain. The  easiest coating to apply is oil-based urethane with a satin sheen, but — just as  you did with the stain — you’ll have to experiment with the product before  coating the entire floor. You don’t want to find out later that your urethane is  incompatible with your stain, which would cause it to peel and pucker. Apply two  coats of urethane over the 1- or 2-square-foot section of floor you stained, and  then live with it for a week.

If both the wood stain and the coating are compatible with the wood, you can  tackle the whole floor. Start by giving the wood a light sanding with 120- or  180-grit sandpaper in a 1/4-sheet finishing sander to roughen any remaining  urethane slightly, then vacuum every last bit of dust and dirt off of the floor  before rubbing in stain. Wearing rubber gloves, rub the stain everywhere, giving  special attention to dented, scratched and worn areas. Let the stain dry for a  day, and then apply two coats of the protective urethane (apply the second coat  after the first coat dries). If all goes well, you’ll end up with a distressed  but elegant floor that looks even better than a freshly sanded floor.

Read more: http://www.motherearthnews.com/green-homes/how-to-refinish-wood-floors-zm0z13onzsor.aspx#ixzz2mzNBRbym

How to Optimize Your YouTube Video for Maximum Traffic | Cross River Realtor

When companies plan their marketing strategies, they often make the mistake  of ignoring YouTube as a possible channel for lead development. Social media,  PPC and other fields are accepted as vital, but YouTube? How much marketing use  is the world’s foremost provider of cute kitten videos?

Actually, YouTube represents fertile ground for lead generation. People tend  to forget YouTube is in fact a social platform just like as Facebook and Twitter  with sharing capabilities, comments and likes as part of its features. While the  video site’s search page is now the second most popular search engine (and  thanks to Google’s acquisition of YouTube, intricately connected to the number  one search option).

Why Upload to YouTube?

Many companies choose to host their videos on their own websites instead of  uploading media to YouTube and then linking within the website. This is, quite  frankly, a mistake.

Why?

  • The video adds value to your website, but only enriches user experiences if  people visit the site.
  • A video hosted on your own website only gets viewed by people who come to  your site, limiting how many people find and view it.
  • If you let YouTube host your videos, people are more likely to find them,  and if their response is favorable, they’re more likely to visit your site for  additional information.

Social Media Strategies and YouTube

Many of the social media strategies used on Twitter and Facebook work equally  well on YouTube. YouTube users can:

  • “Like” and “Favorite” individual videos
  • Leave comments
  • Subscribe to channels

This much like following Tweets or Liking a Facebook page. These  features offer opportunity to engage your audience in dialogue, and not just in  the comments section. Your videos give your company a human face no amount of  tweeting and Facebooking can match, because the viewer sees and hears you. Some  videos spark video responses, offering opportunity for a very public and  interactive dialogue.

 

 

 

 

Read more at http://www.jeffbullas.com/2013/11/26/how-to-optimize-your-youtube-video-for-maximum-traffic/#LSB1b7Q3bqLuDDpS.99

Florida Sinkhole Destroys Another Pair of Homes | Cross River Homes

Florida’s porous limestone geology claimed two more victims last week as a 50-foot sinkhole opened up in a Dunedin, Florida, neighborhood. Awakened at night by a loud sound, the family first feared an intruder, homeowner Michael Dupre told a reporter: “I grabbed a rifle and start walking through the house so I could see what was going on,” he said. “And I hear the banging. … As I approach the back of the house and I see our back screen room just sticking out 3 feet off the ground, I knew instantly it opened up.” (The full report by Shyann Malone, WTSP-TV, Tampa-St. Petersburg, Fla., is carried at the USA Today website: see, “2 houses likely lost because of Florida sinkhole.”)

Ironically, repair work at the location had just begun a few days before, according to a report in the Tampa Tribune (for the full story, see: “Sinkhole swallows parts of two Dunedin homes,” by Stephen Thompson). The paper reports: “The Dupre family has been engaged in a months-long court battle with its insurance company, Citizens Property Insurance Corp., after a sinkhole was discovered on the property two years ago, said the family’s attorney, Jason Salgado.” Citizens had proposed a repair plan calling for a deep-compaction grout injection, at an estimated cost of around $100,000, the paper reports, while the family was holding out for a more costly intervention that would have involved shallow grouting as well, along with a possible installation of support pilings.

Nature beat the engineers and lawyers to the punch, however; last week, demolition and backfill was the only work being done. Most of the Dupre family’s household possessions were lost, USA Today reports (for the full story along with TV coverage by Eric Glasser of WTSP-TV, see “Crews demolish 1 home that Fla. sinkhole claimed“).

Sinkholes are widespread in Florida, USA Today notes—and especially common in Dunedin, where the city actually maintains a list of sinkhole locations. The majority of Florida sinkhole reports come from a region sometimes called “sinkhole alley,” which includes the counties of Hernando, Hillsborough, and Pasco.

But as the Los Angeles Times notes, Florida’s geology makes sinkholes a risk throughout the state, experts say (see “Is there any place in Florida safe from sinkholes? Technically, no,” by Soumya Karlamangla). Still, events like this one stand out: “The people who have been around the city for quite a while, in excess of 30 years, have no recollection of anything ever this big, probably by a factor of three or four times,” Dunedin city engineer Thomas Burke said. “For us, this is a major, major situation.”

Going forward, Floridians may have more and better information about the sinkhole risk in specific locations: This month, the Florida Geological Survey started a study that experts hope will result in a detailed statewide map of the risk—eventually. The Suwanee Democrat reports on that story here: (“Florida Geological Survey begins sinkhole vulnerability study“). “Field work commenced with documenting multiple sinkholes on private landowner’s property in the pilot study area of Suwannee, Columbia, and Hamilton counties,” the Democrat reports. “The data will be part of Geologic Information System data that will be compiled and processed in the study … The project is a three year study that will produce two maps: one in the pilot area and the other statewide. The pilot study is slated to end in May 2014, at which point the statewide assessment will begin.”

 

 

http://www.jlconline.com/erosion-control/florida-sinkhole-destroys-another-pair-of-homes.aspx