Live On Charleston Harbor in a $11M Converted Naval Station | Mount Kisco Real Estate

19 images

Location: Charleston, S.C.
Price: $11,000,000
The Skinny: This South Carolina house takes waterfront living beyond the shoreline and onto concrete pilings out in the muddy waters of Charleston Harbor. Adapted from the remains of a former Navy degaussing station (degaussing basically equals demagnetizing) in 2010, the 4,689-square-foot water-borne abode sits astride a 340-foot dock, which gives it views of—per the listing—"Charleston Harbor, Fort Sumter, The Yorktown, Ravenel Bridge and the Historic Charleston Peninsula." The five-bedroom, five-bathroom main house features three levels of living space, including a library, a climate-controlled wine cellar, and a top floor sitting room with programmable shades and 360-degree harbor views. On the mainland, there's a 1,200-square-foot guest house over the three car garage, with its own kitchen and private terrace. At the other end of the dock there's a boat lift that can hoist 20,000 pounds of yacht out of the water for, you know, degaussing. It's asking $11M.




read more....


http://curbed.com/archives/2014/07/29/charleston-harbor-converted-navy-station-for-sale.php

Spring Price Increases Barely Budge Underwater Homes | South Salem Real Estate

Price increases slowed so much in the second quarter that the numbers of seriously underwater homes and the percentage of equity rich properties barely increased over the first quarter of 2014.

The second quarter of 2014 saw only a small percentage decline in the percentage homes that were seriously underwater, 17.2 percent versus 17.4 percent in the first quarter of 2014, bringing it to the lowest level since RealtyTrac began reporting negative equity in the first quarter of 2012.
Some 9.1 million U.S. residential properties were seriously underwater — where the combined loan amount secured by the property is at least 25 percent higher than the property’s estimated market value — representing 17 percent of all properties with a mortgage.

The universe of equity-rich properties — those with at least 50 percent equity — didn’t change at all from the first quarter to the second quarter of 2014, at 18.8 percent of all properties with a mortgage or 9.9 million properties.

Another 8.8 million properties are on the verge of resurfacing in the second quarter of 2014, with between 10 percent negative equity and 10 percent positive equity, representing 17 percent of all properties with a mortgage, up from 8.5 million representing 16 percent of all properties with a mortgage in the first quarter of 2014.

Fewer distressed properties had negative equity in the second quarter, with 44 percent of all properties in the foreclosure process seriously underwater — down from 45 percent in the first quarter of 2014 and down from 57 percent in the second quarter of 2013. The share of foreclosures with positive equity decreased to 34 percent in the second quarter, down from 35 percent in the first quarter. Top states for foreclosures with equity include Colorado, Texas, Oklahoma, Hawaii and Louisiana.





read more.....



http://www.realestateeconomywatch.com/2014/07/spring-price-increases-barely-budge-underwater-homes/

Park Grove Shows Off Floorplans for Two of its Three Towers | Waccabuc Real Estate

15 images

Renderings of Park Grove, the Terra Group/Related Group towers in Coconut Grove designed by starchitect Rem Koolhass, give the impression that the project is basically two wogly hourglass-shaped towers (one commenter suggested they look like testicles). But, oh, apparently floor plans have been released for two of the project's three towers, all of which are 22 stories. #2 and #3, which is also being branded Park Grove's 'Club Residences' tower. These are smaller, and no, probably don't have as much of a bay view. So, what gives? An earlier version of the design had as many as five or six slender towers (with one or two units per floor) but, you know, things happen, budgets are imposed, designs are revised and refined, and boom.


read more....


http://miami.curbed.com/archives/2014/07/24/park-grove-shows-off-floorplans-for-two-of-its-three-towers.php

Housing market getting ready to grow | Cross River Real Estate

Citing recent “encouraging economic and housing data,” analysts from Fitch Ratings expect an accelerated upturn in housing in the remainder of 2014.

In Fitch’s The Chalk Line report for Summer 2014, Fitch analysts Robert Curran, Monica Delarosa and Robert Rulla write that the projected growth in housing will last throughout 2015 and lead to a much stronger year than 2014 is proving to be.

“Demographics, attractive affordability/housing valuations, and a slow, steady easing in credit standards should sustain and ultimately accelerate the upturn,” the analysts write. “The latest economic and housing macro statistics are generally encouraging.”

The analysts say that 2014’s performance is fighting an uphill battle after an unexpectedly strong winter put a significant dent in the housing market in the first few months of the year.
“The spring selling season was underwhelming enough that this, along with more guarded expectations for the next few months, will lead to more modest growth for macro housing statistics before the year is through,” said Robert Curran, Fitch’s managing director and lead homebuilding analyst.


read more....



http://www.housingwire.com/articles/30745-fitch-housing-market-getting-ready-to-grow

Stubborn Negative Equity Delays National Price Rebound | Chappaqua Real Estate

Too many homeowners are still underwater on their mortgages for home values in half of the nation’s 100 largest metro areas to reach their pre-recession peak levels within the next three-plus years, according to the second quarter Zillow Real Estate Market Reports

Nationally, home values remain 11.3 percent below their 2007 peak. Looking ahead, U.S. home values are expected to rise another 4.2 percent through the second quarter of 2015, according to the Zillow Home Value Forecast will take 2.7 years for national home values to re-achieve their pre-recession levels, assuming a steady rate of appreciation at the forecasted level.

U.S. home values climbed 6.3 percent year-over-year in the second quarter to a Zillow Home Value Index (ZHVI)iii of $174,200, the slowest annual pace of appreciation recorded so far this year and a sign that the market is returning to more normal levels. In a more normal market, home values appreciate at roughly 3 percent per year. Home values nationwide were up 1 percent compared to the first quarter and 0.5 percent from May.

Homes.com, which tracks 300 markets in its monthly Rebound Report, says that through April, a total of 105 markets or 35% percent of all markets it tracks have achieved full pricing recovery and another 178 markets, or 59% of the total, have rebounded 50 percent from their trough index number.
However, Zillow said that in 50 of the nation’s 100 largest metro markets, it will take three years or more for home values to reach prior peaks. Notable large metros where full recovery in home values will take longer than a decade include Minneapolis (14.5 years), Kansas City (12.5 years) and Chicago (11.7 years).




read more....



http://www.realestateeconomywatch.com/2014/07/stubborn-negative-equity-delays-national-price-rebound/

Tebow Buys Golf Estate in Florida | Armonk Real Estate

above

The huge home former NFL quarterback Tim Tebow closed on recently in Jacksonville is his first completion in a while. The out-of-work player — now a commentator — is headed back to his home state of Florida, where he just paid $1.4 million for a 6,525-square-foot home on a golf course.

read more.




https://homes.yahoo.com/news/tim-tebow-buys-golf-estate-florida-225505712.html

Mount Kisco Mrs. Green's Employees Rehired | Mt Kisco Real Estate

Eight employees of the Mrs. Green's Natural Market at 666 Lexington Ave. who were let go were rehired as part of a deal announced Wednesday.

The deal was reached Tuesday and the reinstatements are effective Wednesday. The deal also calls for back pay and training and the employees are expected to return next week.

“Mrs. Green’s Natural Market is proud of its associates – employing more full-time associates than its competitors, giving bonuses and discounts to hourly employees, and creating profit sharing and promotional opportunities for our team members – and today’s agreement honors that core value,” John Collins, a spokesman for Mrs. Green's, said in a statement. “Store leadership embraces these values and core principles and has stepped forward to do the right thing for its associates. Now we are moving forward with a shared commitment to provide Mt. Kisco families with organic, local and all-natural products and access to a healthier lifestyle.”



read more...



http://bedford.dailyvoice.com/business/mount-kisco-mrs-greens-employees-rehired-0