Tag Archives: Cross River Real Estate for sale

Show that cold spell who’s boss with robes, blankets, freestanding fireplaces and more warming comforts of home | Cross River Homes

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The days are getting longer (thanks, solstice!), but winter isn’t relinquishing its chill anytime soon. Stave off the cold with a cuddly robe or throw blanket, a warm fire or a tummy-warming treat. Whatever keeps you warm, you’ll find it here on Houzz.

Never compromise. This floating console can be anything you need it to be, from sideboard to media console to extra bedroom storage. All that and a fireplace too? Yes, it aims to please. Made to order.

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The rustic charm of a flickering fire is re-created with this clever, hand-crafted resin log sculpture. Set it right in the fireplace for a no-fuss alternative to lighting a fire. Holds 11 tea lights (included).

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The Sevilla ethanol contemporary tabletop fireplace creates extraordinary ambience in any setting, with its square steel base and four tempered-glass panes. It’s ideal for a table, bar or countertop, either indoors or out.

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Serpa’s modern ethanol fireplace is easily movable, due to its light weight and compact design. The rectangular, powder-coated-steel piece is recessed on top to accommodate decorative rocks, stones, marbles or shells.

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

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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

Realtor.com survey reveals a surprising number of buyers planning all-cash deals | Cross River Real Estate

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Prospective homebuyers hoping to buy a home in the next four months say the lack of inventory is their biggest challenge, but many believe winter is a good time to buy because sellers are motivated to sell and more willing to negotiate.

That’s according to a survey of more than 1,300 visitors to realtor.com conducted from Nov. 7-16, which found 45 percent of buyers in the market said there’s not enough inventory in their price range.

The survey also found that a surprising number of prospective homebuyers — 19 percent — are planning to do all-cash deals.

Of those planning to buy without taking out a mortgage: 29 percent said they are downsizing to a smaller or less expensive home. 26 percent are relocation buyers. 11 percent are moving up to a bigger or more expensive home. 11 percent are buying a vacation home.

But most of those surveyed said they’ll need a mortgage to finance their home purchase.

Among that group, most did not have the 20 percent down payment that would allow them to qualify them for a conventional loan backed by Fannie Mae or Freddie Mac without having to also purchase mortgage insurance.

More than 1 in 10 of those surveyed (13 percent) said they were planning to put just 3.5 percent down (the minimum down payment on FHA-guaranteed loans). Only 22 percent said they’d be able to make a down payment of more than 20 percent, which would allow them to avoid purchasing mortgage insurance.

 

 

 

 

– See more at: http://www.inman.com/2013/11/20/despite-inventory-shortages-homebuyers-looking-for-bargains-this-winter/#sthash.r748HRyT.dpuf

Being ‘tech savvy’ is not what gets real estate agents business | Cross River Realtor

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I reject the idea that younger people can earn a living as real estate agents just because they are “tech savvy,” and that this somehow gives them an advantage that enables them to compete with more experienced agents.

I believe that there is plenty of business for agents young and old, and that we should encourage young people to join our profession. But we might be going about it all wrong. The Internet has been around for more than 30 years. Smartphones have been with us, in one form or another, for 15 years.

Before that we had the Palm Pilot. Many of us “old” agents have evolved, adapted and kept up with the times.

Some of us have even been innovators and early adopters of technology like the iPad, which some experts told us would be useless for business. In some real estate associations and offices, I see an emphasis on having young, “tech savvy” agents teaching older agents about technology.

I think the future of the real estate industry would be better served if older, more experienced agents spent more time teaching younger agents how to be real estate agents.“Young Professionals Networks” (YPNs) for real estate agents have sprung up all over the country.

Many of them offer opportunities for agents to go to bars and parties and social events and network with each other. They also offer occasional educational opportunities that focus on how to use technology.

 

 

 

– See more at: http://www.inman.com/2013/11/15/being-tech-savvy-is-not-what-get-real-estate-agents-business/#sthash.NkQxJR9S.dpuf

Realogy and Trulia might make a nice couple, but are they really headed to the altar? | Cross River Real Estate

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Rumors that real estate behemoth Realogy may be in talks to acquire Trulia pushed the price of the listing portal’s shares up 10 percent before markets closed today, but analysts who follow the companies didn’t think much of all the talk.

Realogy — which runs some of the biggest brands in real estate including Coldwell Banker Real Estate, Century 21 Real Estate and Better Homes and Gardens Real Estate — declined to comment. So did Trulia.

Stock analysts who follow the companies said the merger chatter — which put a $52-per-share price target on Trulia, implying a deal in the $2 billion range — was probably just that.

“To me, it feels like a bogus rumor because someone needed to get out of a position,” said Bradley Safalow, founder and CEO of stock analysis firm PAA Research.

Zachary Prensky, managing partner of Little Bear Investments, said he thought the rumor was a “complete fabrication.”

Still, suggestions that an established real estate company like Realogy would (or should) make a play for a listing portal like  Zillow or Trulia have been in play this year.

 

 

 

 

– See more at: http://www.inman.com/2013/11/13/realogy-and-trulia-might-make-a-nice-couple-but-are-they-really-headed-to-the-altar/#sthash.0v2xongA.dpuf

Homing In lets buyers and agents share pictures and comments about listings | Cross River Real Estate

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Homing In lets buyers and agents take pictures and make comments about houses for sale or rent and share them with the world.

Its patent-pending technology allows potential buyers to find the nearest available real estate agent for showing requests.

No more waiting for a listing agent who doesn’t respond or can’t show a house because its not convenient for him.

The company is one of 13 in the inaugural class of the Inman Incubator program, a yearlong mentorship, advisory and promotional program to help new companies in the real estate industry succeed.

 

 

 

– See more at: http://www.inman.com/2013/11/08/homing-in-lets-buyers-and-agents-share-pictures-and-comments-about-listings/#sthash.skGac8Pu.dpuf

Mind-Boggling Former Real World House Asks $22M | Cross River Real Estate

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Now this is a Tuesday Townhouse. It’s got a wacky history, quirky decor, and a sizable ask of $22 million—plus, it was the filming location for the tenth season of The Real World, after which the owner opened it up for other film and photo shoots and events. The space is divided into several units, according to the brokerbabble, including a triplex with a 40-foot atrium, a solarium, and a roof garden; a floor-through apartment and a separate studio below; and commercial space on the ground floor, with a “prohibition-style” speakeasy “well known in event circles and constantly rented.” And that’s just the present-day use of the space.

Home prices were up 12% in September year over year but growth is slowing | Cross River Real Estate

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Home prices were up 12% in September year over year but growth is slowing, market researcher CoreLogic says.

From August, home prices were up just 0.2%, marking the smallest month to month gain since January.

Price gains will slow further, to 0.1% from September to October, CoreLogic says.

Slower appreciation of home prices was expected by many economists given very rapid gains earlier this year, which fueled fears of housing bubbles forming in some markets, along with higher interest rates since late spring.

Year over year, the states with the highest home price appreciation in September were Nevada, up 25.3%; California, 22.5%; Arizona, 14.6%; Georgia, 14.4% and Michigan, 13.9%, CoreLogic says.

September marked the unofficial five-year anniversary of the start of the housing crisis. Given the strong home price gains for more than a year, average home prices in nearly half the states are now within “striking distance” of their pre-downturn peaks, says Anand Nallathambi, CoreLogic CEO.

Still, it may take longer to make up the rest of the ground.

Asking prices, whose trends lead sale prices by several months, were up 0.6% in October from September, on a seasonally adjusted basis, shows data from market researcher Trulia. That’s the second-slowest monthly gain in seven months.

Despite smaller monthly gains, prices are still rising because the inventory of homes for sale is still tight in many markets. Also, buying still looks cheap relative to renting in many markets, Trulia says.

 

 

http://www.usatoday.com/story/money/business/2013/11/05/corelogic-september-home-prices/3435687/

 

 

 

 

Montlake Spite House in Seattle sells | Cross River Real Estate

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This is the home’s narrowest point, 55 inches wide. Down the path on the left is the front door. Click to go to …Did you spot the Spite House? It’s the wedge-shaped house in the upper left. Click to go to a slideshow.You might think that a little wedge-shaped house built explicitly to aggravate someone would be a tough sell.

Not in Seattle. Listed at $397,500, the home was just snapped up over the weekend, the real estate agent told Yahoo Homes, after spending only a couple of weeks on the market. “We had quite the interest!” she told us. (A local news story published Tuesday and picked up internationally might have helped the quick sale.)

Click here or on a photo to go to a slideshow.

Locals call it the Montlake Spite House. Legend has it that the home, on a mere sliver of a lot, was built by:

• A woman who won only a bit of yard in a divorce settlement, while her ex got the rest of the property, including the (normal-shaped) house they’d shared. Or …

• A landowner who was furious when the neighbor who owned the adjacent (normal-sized) lot made him a lowball offer on the sliver. Or …

• A traveler who, while visiting Germany, gave permission for someone to build on the lot — with the provision that enough land be left for a second house. When the traveler returned, he discovered that the new house took a lot more space than he’d expected, so, “out of spite, he [the landowner] built that funny little pie-shaped home” as an obstacle, the current homeowner told KPLU-FM’s Martha Kang. “I also heard that back when it was first built, the side that was facing the neighbor had been painted black.”

The house at 2022 24th Avenue East has 830 square feet, and it’s just 55 inches wide at its narrowest point. The house is shaped like a right triangle with its sharpest point slightly blunted — that’s the 55-inch-wide edge, where a mudroom and exit door lead into the yard. The longest side of the triangle (the hypotenuse) faces the street, with the entrance placed roughly at its center.

Click here or on a photo to go to a slideshow.

Lisa Horton, the current homeowner, told KPLU that the shape of the house was never much of an impediment, except when she was cooking: The kitchen is toward the narrow end of the house, so you can’t stand in front of the oven when you open it; you have to stand to the side.

 

 

http://homes.yahoo.com/blogs/spaces/montlake-spite-house-seattle-sells-231552209.html

Never be locked out again: KeyMe app creates digital copies of keys, stores them in the cloud | Cross River Real Estate

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KeyMe‘s smartphone app lets you scan digital copies of your keys, so that you can obtain new ones without paying a locksmith to break your lock, and more easily manage or share them.

Drawing on a user’s key scan, the app generates instructions that any locksmith may follow to create a physical copy of a key.

KeyMe users in New York City can also take advantage of special kiosks — a number of which are already deployed around the Big Apple — to print new keys themselves, using either a digital or physical copy of a key.

 

 

– See more at: http://www.inman.com/2013/10/25/never-be-locked-out-again-keyme-app-creates-digital-copies-of-keys-stores-them-in-the-cloud/#sthash.ELpFFhT3.dpuf