Friday, October 31, 2014

Comfort Food and Garden Strolls in Crown Heights/Ditmas Park | Pound Ridge Real Estate

Photos: Driely S. for Racked
Crown Heights may have been anointed the next "up-and-coming" neighborhood by The New York Times, but it hasn't peaked at full-blown, chain store-stuffed popularity just yet. Instead, the area is buzzing with new businesses, delicious eats, talented artists, and a strong vintage game. After feasting on comfort food, caffeinating with strong coffee, and stocking up on pre-loved fashion and hard-to-find books, Ditmas Park—home of the Brooklyn Botanic Garden—is a quick stroll away. Here's how to hit up the best of both neighborhoods in one Saturday.

Thursday, October 30, 2014

L.A. Trophy Home with Neutra Addition Returns at $2.55M | Bedford Corners Real Estate

3574Multiview1.jpg
Location: Los Angeles
Price: $2,550,000
The Skinny:
Built in 1949 for Oscar-nominated screenwriter and Mr. Magoo co-creator Millard Kaufman, this 2,503-square-foot dwelling features a lower-level master suite designed by celebrated Austrian-American modernist Richard Neutra. When it was on the market back in 2012, Curbed LA could find no mention of the architect behind the rest of the home anywhere, but given that the grounds were done by landscape architect Garrett Eckbo, they guessed it was the work of the under-appreciated Josef Van der Kar, who collaborated with Eckbo on all of his projects. The four-bedroom home has redwood built-ins, long walls of glass, a fireplace in the living room, a swimming pool out back, and multiple decks and patios, from which the view looks pretty swell.
                      
The place has changed hands a pretty remarkable six times since 1997. Since June of 2012, when it was listed by interior designer Thierry Marchand—who sold it for $1.8M to someone who later nabbed $2.2M for it in June of this year—the only obvious difference in this oft-flipped abode is that the colored walls in the non-master bedrooms and one of the bathrooms have been painted white. Fun fact: as Curbed LA reported on that occasion, the home is "sandwiched between a John Lautner, a Rudolph Schindler, and a couple of Buff & Hensmans," so it's definitely in good company.


read more....


http://curbed.com/archives/2014/10/30/millard-kaufman-residence-neutra-addition-for-sale.php

Friday, October 24, 2014

New-Home Sales Staying Sluggish | Chappaqua Real Estate

Sales of new homes in the United States were nearly flat in September, after the government sharply revised downward what initially appeared to be an August surge in buying.

New-home sales edged up 0.2 percent last month, to a seasonally adjusted annual rate of 467,000, the Commerce Department reported on Friday. The report also revised down the August sales rate to 466,000, from 504,000.
 
The pace of sales for newly built homes has improved a mere 1.7 percent so far this year compared with 2013. Only the South has experienced gains in buying year-to-date; purchases have fallen in the Northeast, Midwest and West.
 
Housing has struggled to fully rebound since the recession ended more than five years ago. Many potential buyers lack the savings and strong credit history needed to afford a home, causing them to rent or remain in their existing houses.
 
Construction and buyers of new homes have trickled back from the worst of the crisis, but new-home sales remain far below the annual rate of 700,000 during the 1990s.
 
Sales in the most expensive Western states declined in September, reversing some of the gains made in August. Because homes are pricier in the West, that pushed down the median price for a new home to $259,000, from $286,800 in the previous month.
 
Analysts noted that the new-home sales report from the government is notoriously volatile from month to month, yet sales have basically been stuck in place for the last few years
.
“There is little evidence that the new single-family housing market is decisively breaking out of its medium-term flat pattern,” said Joshua Shapiro, chief United States economist at the forecasting firm MFR.
 
Though some of the financial pressures on home buyers are starting to ease, that is unlikely to do much to suddenly increase sales of new homes in the final months of this year.
 
Over the last two weeks, federal regulators have unveiled plans to loosen down-payment requirements, and mortgage rates have tumbled below 4 percent. Along with a slowdown in price growth, these factors could eventually help usher more buyers into the real estate market.
 
 
read more....
 
 
 
http://www.nytimes.com/2014/10/25/business/new-home-sales-staying-sluggish.html?_r=0

Thursday, October 23, 2014

The Long Battle Between Two of LA's Craziest Mega mansions | Armonk Homes

before
after
[Left: Fleur de Lys; right: The Manor]
A few days ago, news broke that Petra Stunt is hoping to sell the infamous Holmby Hills estate known as The Manor for at least $102 million. That number, of course, is not a coincidence: it's the record sale price set by the nearby Fleur de Lys estate just a few months ago. But that's only the latest shot fired in a long war between the neighboring megamansions; the story involves television kings, heiress sisters, acres of limestone, and so much more, and we've broken it all down for you right here:
The Estate
Fleur de Lys: LA's fifth largest house is about 35,000 square feet on 4.6 acres with 12 bedrooms, 15 bathrooms, a pool/spa complex, a ballroom for 500, a two-story library, a commercial kitchen, a staff dining room, a cutlery room, security center, and 3,000-square-foot wine cellar with tasting room. It's also covered in limestone. It was built in 2002.
The Manor: Los Angeles's largest house (for now) is 56,500 square feet on 4.69 acres, with 14 bedrooms, 27 bathrooms, gobs of Italian limestone, a projection room, wetbar, library, service wing, billiards room, two-lane bowling alley, wine cellar with tasting room catering kitchen, gym, beauty salon, doll museum, and at least one giftwrapping room. It was built in 1990.
Rich Idle Blonde Woman It's Most Closely Associated With
Fleur de Lys: Suzanne Saperstein built Fleur de Lys with her ex-husband David I. Saperstein, who made his fortune in radio traffic reports. They split shortly after their palace was finished.
The Manor: Candy Spelling built The Manor with her now-deceased husband Aaron Spelling, the wildly successful television producer known for creating Dynasty; Beverly Hills, 90210; and Charlie's Angels. (They're Tori Spelling's parents, BTW.)
For Sale
Fleur de Lys: Fleur de Lys first went up for sale in 2007 asking $125 million.
The Manor: The Manor was first listed in 2008 for $150 million and stuck with that asking price until the day it sold for way, way less.

read more....



http://la.curbed.com/archives/2014/07/the_long_battle_between_two_of_las_craziest_megamansions_1.php

Wednesday, October 22, 2014

US mortgage refinancing surges to highest in a year | Armonk Real Estate

The march lower in US government bond yields is rippling out into the real economy.
A drop in 30-year Treasury yields to fresh lows for the year has dragged the rate on 30-year mortgages - those favoured by Americans - down with it, encouraging homeowners to refinance existing home loans on better terms.
Demand to refinance mortgages jumped 23 per cent to the highest level since November, the Mortgage Bankers Association (MBA) said on Wednesday.
Refinancing accounted for 65 per cent of mortgage volumes last week, according to the gauges published by the MBA, the highest share since December.
Mike Fratantoni, the chief economist at the MBA, said:
"Mortgage rates have fallen close to 30 basis points over the last four weeks. Refinance application volume reached the highest level since November 2013 as a result, and the average loan balance for refinance applications increased to $306,400, the highest level in the survey's history.
Meanwhile, an index of demand for mortgages to buy homes fell 5 per cent from a week ago, the MBA said.

read more....
http://www.ft.com/fastft/224602/post-224602

Tuesday, October 21, 2014

Last Week's Top Sales: The Liz Taylor of Mansions Recommits | Mt Kisco Real Estate

3725-washington.jpg
Listed for: $8.995M
Received: $8.9M
Size: 5-bed, 7.5-bath, 9,540-square-foot single-family home
Location: 3725 Washington St, Presidio Heights
The skinny: We're honestly going to miss this place. The public areas downstairs look more like a small sculpture museum than a residence, with their pale stone walls, geometric skylights, and beamed ceilings. And that botanical green wallpaper totally makes the sitting room feel like an indoor patio. It all just works, which is why we couldn't figure out why this home has had such a rocky year. The last owner hung on for all of five months—less time, we've grown fond of pointing out, than Liz Taylor spent married to Conrad Hilton.

read more....



http://sf.curbed.com/archives/2014/10/20/last_weeks_top_sales_the_liz_taylor_of_mansions_recommits.php

Monday, October 20, 2014

Bedford Hills prison nurse top OT earner in state | Bedford Hills Homes


A nurse at Bedford Hills Correctional Facility for Women raked in more than $630,000 in overtime in less than five years, putting on her time cards she worked 192 days straight — or every day for more than six months — mostly in 16.5-hour overnight shifts, according to records obtained by The Journal News.

The registered nurse, 62-year-old Mercy Mathew of Pomona, was the state's highest overtime earner in 2012, netting $150,630 on top of her $58,468 salary at the state's only maximum security prison for women. She also snagged the title in 2009, when she made $171,814 in overtime.

According to her time cards, Mathew's designated work schedule was 3-11 p.m., but she routinely stayed until 7:30 a.m. the next morning without a break. On days off, she often collected 16.5 hours of overtime for a single shift. Mathew worked more than 90 percent of the available days between Dec. 18, 2008 and Sept. 4, 2013. Even though she resigned Oct. 11, 2013, she still managed to break into the top 20 overtime earners last year.

"She must have been the bionic nurse in her time to be able to work that many hours without any rest," said state Sen. Jeff Klein, D-Bronx, who represents part of lower Westchester County and has been a critic of wasteful spending by the state Department of Corrections.

"The time of giving state agencies a blank check has to end."

The Journal News obtained Mathew's time cards for calendar years 2009-2013 from the Department of Corrections in August after winning an appeal of a denial of its Freedom of Information Law request filed in January. Mathew, who is listed with the town of Haverstraw's assessor's office as owning a $443,000 home on Dunnigan Drive, could not be reached for comment. A reporter twice knocked on her door, but there was no answer, and tried to reach Mathew and her relatives numerous times by telephone.

Mathew's six-figure overtime compensation continued after the DOC told the state Senate in 2010 that it would curb its overtime spending at the Bedford Hills prison.


read more....



http://www.lohud.com/story/news/local/westchester/2014/10/17/bedford-hills-prison-nurse-states-top-ot-earner/17458853/

Friday, October 17, 2014

John Legend Lists Mid Century Gem Featured in Arch Digest | #Waccabuc Real Estate

Screen%20Shot%202014-10-17%20at%2010.18.20%20AM%20%282%29.pngPhotos by Roger Davies/Architectural Digest
A year and a half after musician John Legend gushed about his 1960s Hollywood Hills house in Architectural Digest, raving that it "has all the qualities I strive for in my own work," he's pushed all those exposed beams and large windows onto the market for $1.995M. Legend and his wife, model Chrissy Teigen, are, in his words, "ready to expand a little bit," hoping to swap out the three bedroom—fun fact: Legend turned one of those bedrooms into a studio, where he wrote and recorded much of his current album—for something "twice as big." Despite the fact that he's hoping to unload it all, Legend has made it clear how much the dude just loves this place. In comparing it to his music, he's says it's "subtle and beautiful, but it packs a modern punch." He told the WSJ it has "an Asian temple kind of vibe to it," with a Thai village scene etched into their entry gate, and a private garden with—contented sigh—a basalt bathtub and pond.
Read on. >>
Back when he was looking for his first L.A. house with his then new wife, the All of Me crooner gravitated toward low-slung spreads of the Rat Pack era: "we wanted to feel right not only for us but also for this city," he told AD. In the first few months of ownership, they handed the place over to designer Don Stewart who incorporated, per Arch Digest copy, "deft layering of materials both rugged and refined."
Legend told the WSJ "If we could have the twice-as-big version of this place, we would get it. We love the feel of this home."



read more....


http://curbed.com/archives/2014/10/17/john-legend-lists-midcentury-gem-featured-in-arch-digest.php
 

Thursday, October 16, 2014

No real estate bubble: JPM, Starwood, Morgan Stanley pros | Cross River Real Estate

Big names in real estate investing don't believe there's a market bubble.
Despite high valuations, homes, office buildings and other types of real estate remain attractive today, especially in comparison to other asset classes and given low interest rates, according to some deep-pocketed pros.
"We don't think there's a broad-based bubble in the real estate market today nor do we think there's one coming in the next year or two," said Chris Graham, a senior managing director at Starwood Capital Group, a $37 billion real estate investment firm.
"There's still room for upside here," Graham added during remarks Wednesday at iGlobal's Global Real Estate Private Equity Summit in New York.
"While these assets are fully priced, in my view, we are not in a bubble as that would require an extensive expansion in debt," Paul Vosper, co-head of the Morgan Stanley Alternative Investment Partners Real Estate Fund, said after the same event in reference to prime markets like New York City and London. "While the debt markets are expanding, there is still discipline in the credit underwriting of that debt."
Mike Kelly, director of U.S. real estate commingled Funds at J.P. Morgan Asset Management, agreed there was no bubble.
"It's certainly a competitive market," he said, but noted that real estate remains attractive compared to other asset classes.


read more....


http://www.cnbc.com/id/102091518

Wednesday, October 15, 2014

How to Design a Garden for Native Bees | South Salem Real Estate

Most people are aware of the honeybee crisis, but honeybees aren’t the only ones in trouble. Other pollinators are also in decline. Since becoming aware of the honeybee crisis, researchers have put more emphasis into studying all pollinators. They have learned that native bees not only pollinate crops alongside honeybees, but also improve the efficiency of honeybee pollination. And some native bee species are even more efficient at pollinating than honeybees.

Nurturing a garden habitat for native bees gives them a place in which to live, eat and raise their young. Creating a habitat for bees is creating a wildlife habitat for all, because it attracts other wildlife, such as butterflies, birds, hummingbirds and other insects. See how and why you should design your garden for native bees below.

Monday, October 6, 2014

Your October Home Checklist | Katonah Real Estate

With the air turning crisp, leaves falling and farmer’s markets overflowing with squash, gourds, apples and potatoes, October is a time to celebrate the harvest — and button up the home and garden for the winter ahead. From raking leaves to sharpening knives, see which of these 13 to-dos make your list this month.