Way cool, very scary: getting pools off the ground…. The latest weapon in the luxury high-rise arms race: a private pool in every unit, on every floor. Click here for more.
The hottest trend in real estate these days is carving out some space for your in-laws, the Wall Street Journal says.
And it has the potential to lift your home value as much as 60 percent.
Known informally as “in-law suites” or “granny flats” and formally as “accessory dwelling units” (ADUs), these little homes, usually somewhere between 300 and 800 square feet, are going up in backyards across the country. The multigenerational living trend has been picking up steam through the Great Recession, both as millennials return to their parents’ homes and as boomers (and their parents) age. Read more…
Visited Morford & Dodds today, a regional boutique commercial real estate firm. Not only cool digs but a firm imbued with old world ethics and style, a rare combination of client-centricity with a long-term focus. Too bad the industry’s less than stellar reputation doesn’t benefit from more firms like theirs.
You’ve heard the old saying – “Location, Location, Location.”
The real truth is “Location, Condition, and Price.” And price trumps every other factor.
Existing home sales are up 11% year over year. If foreclosures and short sales are excluded, then sales are up 25% year over year! This shift away from distressed sales is a sure indicator that the industry is in recovery. Home sales dropped in the month of September but that was expected due to the rate spike in May/June. The recent government shutdown won’t manifest itself in home sales until later.
Everybody’s heard of the 30-year home mortgage, and probably the 15-year mortgage, too. But did you know that there is a 10-year, fixed-rate mortgage? And for some, it can offer big advantages. Read more here.