Rockland County brush fire still burning, but progress reported | 7online.com.
Rockland County brush fire still burning, but progress reported | Pound Ridge Homes
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Tag Archives: Pound Ridge NY Homes
60-acre estate hits the market in North Stamford | Pound Ridge Real Estate
New Building Codes Passed After Lessons From Hurricane Sandy | Pound Ridge Real Estate
Acting on the recommendations of a task force convened after Hurricane Sandy, the City Council on Thursday approved new requirements that were expected to make buildings more sustaining during emergencies and prevent some of the hardships that New Yorkers endured after the storm last year.
One change requires residential buildings five stories or higher to add faucets in common areas like laundry rooms so that residents on higher floors have some access to water for drinking, flushing toilets and other uses. Upper floors lose water when electric pumps stop working during blackouts, a problem that worsened conditions and forced many people out of their buildings after the hurricane.
The requirement applies immediately to new residential construction, while existing buildings have eight years to add the fixtures.
“It will make it much more possible to stay in a large building for an extended period without power,” said Russell Unger, chairman of the task force of more than 200 building experts, property owners and city officials that proposed the changes.
Another piece of legislation requires new and existing hospitals and nursing homes in flood zones to install hookups that would enable quick connection to temporary generators and boilers so that such facilities can maintain electricity and heating when the power is out. The law requiring the hookups is effective immediately for new buildings, but gives existing buildings 20 years to comply.
Another new law makes it easier to install backup generators and generators that run on natural gas, which is considered a cleaner and more reliable source of power than diesel fuel. And a fourth law allows temporary flood barriers on sidewalks.
Despite the costs to comply with the new requirements — a 20-story co-op could spend $16,000 for the required one-common-area faucet per 100 residents — property owners have been generally supportive because of the losses suffered during the storm.
“It’d help get buildings up and running faster,” Angela Pinsky, a senior vice president for the Real Estate Board of New York, said of some of the measures.
Real estate industry has never been better capitalized | Pound Ridge Real Estate
In my talks I often preach that real innovation comes when we have the ingredients that got us to the moon: money, brains and passion.
In real estate today, these fundamentals are in place.
A new generation of passionate leaders is taking over — younger and better-educated agents, a new crop of innovative and fearless brokers, and a slew of startup whiz kids. A recovering housing market and successful IPOs such as Zillow and Trulia are attracting supersmart professionals who want in on the largess.
Oscar Wilde said, “When I was young I thought that money was the most important thing in life; now that I am old I know that it is.”
Indeed, capital has returned to the industry and that is a good thing. The largest real estate company, Realogy Holdings Corp. ($6.16 billion market cap), has put a big dent in its debt and gone public with a fresh dose of capital (raised $1 billion with its IPO).
Re/Max has capital to invest after raising $225 million with its successful IPO this fall. One of the richest men in the world, Warren Buffett, is doubling down on real estate services with his Berkshire Hathaway HomeServices franchise. Can Keller Williams be far behind, capitalizing its rapidly growing enterprise?
Then, there are the awe-inspiring IPOs of Zillow ($2.85 billion market cap) and Trulia ($1.25 billion market cap). These two alone have a staggering amount of capital to invest in innovation, and stock prices that are perfectly poised for a slew of acquisitions. Realtor.com operator Move Inc. ($630 million market cap) will also rely on acquisitions as part of its strategy for growth
– See more at: http://www.inman.com/2013/11/13/time-for-an-industry-moon-shot/#sthash.hGLKG0oU.dpuf
Hollywood Hills Modern With Glass Garage Asks $8.5M | Pound Ridge Real Estate
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
| Pound Ridge NY Weekly Real Estate Report | 11/11/2013 | |
| Homes for sale | 79 | |
| Median Ask Price | $1,075,000.00 | |
| Low Price | $285,000.00 | |
| High Price | $5,700,000.00 | |
| Average Size | 3854 | |
| Average Price/foot | $350.00 | |
| Average DOM | 147 | |
| Average Ask Price | $1,394,316.00 | |
Palatial Post-Modern Estate by Michael Graves Asks $5.8M | Pound Ridge Real Estate
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.
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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.”
Greenwich Bistro Le Penguin Earns Rave Review | The Pound Ridge Realtor
Bubble Trouble Seen Brewing in Australia Home Prices | Pound Ridge Real Estate
Shanghai Raises Home Down-Payment Requirement as Prices Jump | Pound Ridge Real Estate
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.