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Pound Ridge’s Richard Gere Will Be Honored At Jacob Burns Film Center | Pound Ridge Real Estate

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The 2013 Silver Screen Circle Dinner will honor Pound Ridge’s Richard Gere at the Jacob Burns Film Center Theater in Pleasantville on Monday, Nov. 25.

The evening will include select film clips highlighting  Gere’s career and contributions to the art of film as well as a question-and-answer session with Gere and JBFC Board President Janet Maslin.

This is an exclusive Silver Screen Circle members-only event in appreciation for their generous support. They will receive two to 10 complimentary tickets depending on their level of membership.

Gere, a Golden Globe winner, is known for his roles in films such as “An Officer and a Gentleman,” “Days of Heaven,” “American Gigolo” and “Pretty Woman,” among others.

Off screen, Gere is a devoted advocate for human rights in Tibet and for the rights and lands of tribal peoples throughout the world.

To learn more about the Silver Screen Circle, or to join,  contact Kim Turner at 914-773-7663, ext. 429 or email her.

 

 

http://mtkisco.dailyvoice.com/events/pound-ridges-richard-gere-will-be-honored-jacob-burns-film-center

Hollywood Hills Modern With Glass Garage Asks $8.5M | Pound Ridge Real Estate

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Location: Los Angeles, Calif. Price: $8,500,000 The Skinny: Some houses definitely need brokerbabble that scales the dizzying heights of Purple Prose Mountain to help make the sale, but then again, some houses really ought to be able to sell themselves. This car collector’s dream home that Curbed L.A. covered last week is definitely one of the latter. For the studio exec (for example) who wants to be able park their Bentley next to his Tesla inside a glass-walled nine-car garage, it’s a no-brainer. That being said, it’s hard to sever the bond between a broker and his or her hyperbole: “An irreplaceable property, an unparalleled history, and great location. This trophy estate of awe-inspiring indoor & outdoor living space is one of the most distinctive residential properties in Los Angeles…. comparable to 5-Star Hotel with amazing pool, spa and an opulent master suite, this is the absolute best opportunity to purchase a pristine compound in years. ..This celebrity compound is Walled & gated and sits on almost ONE ACRE of complete PRIVACY.” It goes on like that—with, oddly, just one off-handed mention of the garage—when all the listing really needs to say is “Do you have nine cars that need a glass garage to park in? Then buy this house.” The listing asks $8.5M.

Pound Ridge NY Weekly Real Estate Report | #RobReportBlog

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Pound   Ridge NY Weekly Real Estate Report11/11/2013
Homes for sale79
Median Ask Price$1,075,000.00
Low Price$285,000.00
High Price$5,700,000.00
Average Size3854
Average Price/foot$350.00
Average DOM147
Average Ask Price$1,394,316.00

Palatial Post-Modern Estate by Michael Graves Asks $5.8M | Pound Ridge Real Estate

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Have a nomination for a jaw-dropping listing that would make a mighty fine House of the Day? Get thee to the tipline and send us your suggestions. We’d love to see what you’ve got.

Location: Livingston, N.J. Price: $5,800,000 The Skinny: Looking for a home that combines the welcoming feel of a corporate campus with the homey decor of an airport hotel in a second tier convention city? Good news! This Michael Graves design in Livingston, N.J., has all those bases covered. From the faded tan exteriors to the teal blue walls of the indoor gym, the color palette of this seven-bedroom, seven-bathroom, 16,000-square-foot paean to corporatist post-modernism is spot on. The atrium will remind you of the lobby of your office building, the piano lounge will bring back fond memories of that time you spent a week in Oklahoma City on business, and the ubiquitous flat-screen TVs are just one part of the “exquisite appointments” the brokerbabble brags about. All teasing aside, the place brags some cool curved walls, huge windows, and a prime location “atop the highest point in [New Jersey’s] Bel Air.” Outside? A lawn, swimming pool, and jungle gym. The owners are asking $5.8 M for what the listing describes as a “must see for discriminating clients.”

Shanghai Raises Home Down-Payment Requirement as Prices Jump | Pound Ridge Real Estate

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Shanghai raised the minimum down payment required for buyers of a second home to 70 percent from 60 percent as house prices in China’s financial hub surge.

Counties and municipal departments should take measures to ensure the city’s annual price-control target is met, according to a statement on the local housing bureau’s website. The city also tightened the qualifications required for non-local home buyers and will increase residential land supplies, according to the statement.

Home prices in China’s four major cities jumped the most in September since January 2011, heightening concerns a bubble is forming as the national government refrains from introducing more property curbs that would hinder economic growth. Prices surged 17 percent in Shanghai from a year earlier, the biggest gain in the 70 cities the government tracks, only behind the 20 percent jump in the southern business hubs of Shenzhen and Guangzhou.

“It’s more like they are gesturing that they are serious about property curbs” after Beijing and Shenzhen’s tightening measures, said Dai Fang, a Shanghai-based analyst at Zheshang Securities Co. “The wait-and-see atmosphere may grow a little bit and sales may slow a little as fewer people can buy now.”

New home prices excluding government-sponsored social housing jumped 21 percent in Beijing in September from a year earlier, defying the strictest property curbs among all cities, according to the latest data from the National Bureau of Statistics. The Chinese capital raised down payment for second homes to 70 percent in March.

 

Local Measures

 

Former Premier Wen Jiabao in March stepped up a three-year campaign to contain price gains, ordering cities with excessive increases to raise down payments. Shenzhen made the move only on Nov. 1. Guangzhou, now the only of the four so-called first-tier cities that hasn’t raised down-payment requirements from 60 percent, is likely to follow suit, Dai said.

China’s average new home price surged 10.7 percent in October from a year earlier, the most this year, as homebuyers defied the government’s property curbs and developers offered more high-priced apartments to tap demand, according to SouFun Holdings Ltd. (SFUN), the nation’s biggest real estate website owner.

“Fluctuations in home prices have been noticeable this year, and upward pressure on housing prices increased recently with rising transaction volumes,” Shanghai’s housing bureau said in today’s statement.

The city government will crack down on price collusion and violations of home-purchase restrictions and will take measures to ensure the stability of the land market, according to the statement.

 

 

 

http://www.bloomberg.com/news/2013-11-08/shanghai-raises-home-down-payment-requirement-after-prices-jump.html

Pound Ridge NY Real Estate sales up 14% | Median price up 13% | #RobReportBlog

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Pound   Ridge NY Real Estate ReportRobReportBlog
20136 months ending  11/62012
41Sales36up 14%
$750,000.00median sold price$660,250.00up 13%
$399,000.00low sold price$355,000.00
$2,815,000.00high sold price$2,400,000.00
3505average size3140
$262.00ave. price per foot$248.00
184ave days on market204
$935,261.00average sold price$777,217.00
0.9657ave. sold to ask0.9332

Lending standards hold firm despite softer demand | Pound Ridge Real Estate

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Despite rising interest rates and softer demand for mortgages, most banks have maintained their existing lending standards in residential loans in recent months. Per The Wall Street Journal:

Nearly 80% of banks said their credit standards for mortgages remained basically unchanged from July through September, according to a quarterly Fed survey of bank loan officers released Monday. Only about 15% of banks said their standards for mortgages have eased somewhat.

“Easier credit conditions, more generally, are helping the economic recovery,” said Erik Johnson, senior U.S. economist at IHS Global Insight. “But what’s concerning is that lending standards for residential mortgages have not improved much since tightening dramatically during the crisis.”

Source: WSJ

All Top 100 Markets Gained in Homes.com July Data | Pound Ridge Real Estate

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Utilizing home pricing data for the period ending July 2013, the Homes.com Price Index showed gains for single-family properties in all 100 markets, up from 87 in the previous reporting period

“Homes.com’s Rebound Report provides a deeper view into the 22 fully rebounded markets. Many never experienced the dramatic swings in home values that were a result of foreclosures and short sales that plagued many markets across the nation”

The Homes.com Local Market Index has been expanded to include midsized markets ranked from 101-300. It provides a closer look at smaller markets nationwide, showing increases in 293 of the top 300 markets, up from 250 the previous month. Year over year, all midsized markets increased.

As a complement to the Local Market Index, Homes.com publishes an exclusive Rebound Report, highlighting how the housing recovery process is unfolding across the country. Rebound data for July 2013 in the top 100 markets revealed that 22 markets across the U.S. are fully recovered – up from the previous month’s 19 markets. Additionally, 44 U.S. markets now show a rebound of 50 percent or more, up from 41 in last month’s report.

“Homes.com’s Rebound Report provides a deeper view into the 22 fully rebounded markets. Many never experienced the dramatic swings in home values that were a result of foreclosures and short sales that plagued many markets across the nation,” said Brock MacLean, executive vice president of Homes.com. “By contrast, most of the markets with the lowest rebound have experienced more dramatic changes in values as a result of foreclosures and short sales and will have a slower path to recovery.”

The latest Homes.com Local Market Index reports the following:

Monthly increases in all 100 of the top 100 markets and in 193 of the 200 midsized markets.

Honolulu, Hawaii remains the top gaining market on a year-over-year basis with a 29.17 index point or 13.51% increase.

California markets [Los Angeles-Long Beach-Santa Ana, Calif.; San Diego-Carlsbad-San Marcos, Calif., San Francisco-Oakland-Fremont, Calif.; Oxnard-Thousand Oaks-Ventura, Calif.] are the remaining 4 in top 5 and increased 25.26, 24.60, 24.19 and 20.16 index points respectively.

Six of the top 10 monthly gaining markets are in the West (up from two in the previous month), followed by four from the South.

Highlights from the Homes.com Rebound Report for the top 100 markets show:

22 have made more than a 100% rebound, indicating a complete recovery in these markets. This is up from 19 markets posting a full recovery in last month’s report.

 

 

http://www.realestateeconomywatch.com/2013/09/all-top-100-markets-gained-in-homescom-july-data/