There are currently 51 blog entries related to this category.
Thursday, May 2nd, 2013 at 11:22pm. 0 Comments.
Are the bidding wars back? You bet they are. We asked four of our Highrises.com partners about the trends in real estate.
Ian Bell from Seattle said a property listed on a Thursday for $780k, and by Monday there were 10 offers, come even offering to waive inspections! The property ultimately sold for $930k to a cash buyer. This prompted Ian to wonder, “How do regular folks compete?”
Danielle Contreras, our Highrises.com partner from San Jose, CA is seeing a similar trend in her real estate market. A property recently listed for $668k and quickly received 11 offers. The price of the house jumped to well over $700k with one buyer even agreeing to waive all contingencies.
Danielle said she has experienced so many stories just like…
Wednesday, April 3rd, 2013 at 4:26pm. 0 Comments.
Worth Magazine has looked at all the luxury high-rise condo buildings throughout the world and compiled what they think are the ten best. They're pretty vague about the criteria they used, only saying that these are "Then of the world's coolest places to live". We would add a few to the list if we could, like Sierra Towers in LA or Museum Tower in Dallas.
1. One57 in NYC. 90 floors but only 92 units!
2. One Hyde Park in London.
3. Opus in Hong Kong. A Frank Gehry production. 12 units, 12 floors.
4. Absolute Towers in Toronto. The first tower sold out faster than most concerts... they were gone in 24 hours.
5. HSB Turning Torso in Copenhagen. Pictured to the right. Powered entirely by locally produced renewable…
Wednesday, March 27th, 2013 at 10:11pm. 0 Comments.
We have great news we have to share! The Happiest Job in America in 2013 is Real Estate.
Forbes just listed the top 10 happiest (and respectively happiest) jobs in America. The #1 happiest job was a real estate agent. Careerbliss surveyed 65,000 people to come to this blissful conclusion. The logic behind this is real estate agents are rewarded for their success. They can have a flexible schedule and increase their income with hard work. The careers with less rewards and more office politics scored the lowest on the happy rating including associate attorney, customer service associate and sadly RN’s and teachers.
The Bureau of Labor Statistics expects an 11% increase in real estate jobs from 2010-2020. The majority (57%) of real estate agents…
Tuesday, March 19th, 2013 at 7:36pm. 0 Comments.
The Feburary 2013 report from the US Census revealed some interesting news for multi family units. New Privately-Owned Housing Units Authorized in Permit-Issuing Places increased 54.9% from Feburary 2012 to Feburary 2013.
In February 2013, 285,000 buildings with five or more units began construction for units in buildings with five units or more, up from 240,000 in February 2012. As the economy recovers, we expect more completed projects as many we on hold or canceled from 2008-2012.
View some recent developments in Highrises.com's New Buildings Blog.
Wednesday, February 13th, 2013 at 11:53pm. 0 Comments.
Although it would be appropriate if FHA made their new motto, “Making homes less affordable,” due to over doubling of monthly mortgage insurance premiums in the past 2 years. The most recent changes, which take effect on April 1st of this year, are doing very little to negatively affect borrowers. The new change actually adds just $8.33 per month per $100,000 borrowed.
The biggest change is that the mortgage insurance is on for the life of the loan. Now before you let this get you too riled up, currently FHA loans the mortgage insurance doesn’t automatically drop off for about 9 years anyway. Most people don't typically keep their home that long more or less their actual mortgage. So, although paying more is not better, this single change…
Thursday, January 24th, 2013 at 8:15pm. 0 Comments.
The election, Sandy, the Mayan claim to the end of the world…you don’t have to listen too carefully to be consumed by negativity these days. These naysayers, however, have failed to do their homework. The economy is actually getting better. Below is the data that proves, despite fabricated reports to the contrary, our fiscal situation is improving.
- Standard & Poor’s Case-Shiller Home Price Indices rose by 6% this year. These are the first “real” price increases we have seen in five years and bodes well for the real estate sector and economy as a whole. (Yes, I realize home prices increased when the government offered the first time home buyer tax credit, but those number were inflated because of that credit so cannot be counted for real
Friday, November 2nd, 2012 at 1:38pm. 0 Comments.
The trend in economic numbers continues to improve and the popular theme is 4 year highs. It goes without saying that there is still a long way to go, but the signs of recovery from the Financial Armageddon are everywhere. Unemployment numbers are the best they have been in 4 years and the closely watched labor participation rate ticked up today as well. We have seen several months of the Case Shiller home price index rise in all 20 metros areas that it is tracked in and this is closer to a 6 year best when you take out the artificial inflation from the first time home buyer tax credit. Consumer Confidence is at 4 years highs too.
Now I could bore with you more data to support this, but the…
Friday, October 26th, 2012 at 5:09pm. 0 Comments.
Looks like a Chicago developer has put together a team to buy up some buildings in downtown St Louis. The new owner plans to finally finish Roberts Tower and bring hundreds of new rental units to the market. This is great news because we could use the extra inventory for everyone who wants to live in downtown! Read more, and then contact us to view currently available St Louis Condos.
Sunday, September 30th, 2012 at 12:12pm. 0 Comments.
SUNDAY ** SEPTEMBER 30TH ** 11:00-3:00
Hundreds of properties in every style and price are showcased in neighborhoods across St. Louis City. This free-to-the-public event kicks off Real Estate Season and invites first-time homebuyers, empty-nesters, and anyone else interested in the urban life to take a peek into the city’s unique and distinct neighborhoods. A festive Homebuyers’ Expo at the starting point invites attendees to arrive early and speak with realtors, review mortgage packages, talk to neighborhood organizations and check out other real estate-related services. After attending the Expo, everyone picks up a Guide Book, maps and off they go on their own private urban adventure!
Search St. Louis Condos Now
Monday, September 24th, 2012 at 8:21pm. 0 Comments.
by Bret Staehling
Do you have a little extra time this Sunday? Be sure to stop by our Open House at 5958 Summerhedge Place in South County. This home has been beautifully maintained & is ready to move right in. *Upgrades Galore* You'll find a new kitchen, oversized 3 car garage, hardwood floors, separate laundry room, full basement, large walk-in closets & a private patio out back that is perfect for entertaining. It's even wired for sound & your flat screen TV! You will love this upscale neighborhood. It's close to the city, but secluded enough to feel like you've left it all behind. Plus the seller is offering a BPG Home Warranty!
OPEN SUNDAY from 1-3pm!!