February 2013

There are 5 blog entries for February 2013.

dallasWe have been seeing great strides in the real estate market over the last year.  In a recent presentation Dr. Mark Dotzour, Chief Economist at the Real Estate Center at Texas A&M University attributes the demand for housing, Americans increase in credit capacity, the psychological perspective shift from negative to positive in investing homes and the 3.6 Million job openings in the US currently.  

Are you interested in buying a condo in Dallas?

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Emily Ray-Porter of Dave Perry-Miller & Associates closed Museum Tower’s first residential transaction.  Emily is our Dallas Highrises.com representative and brings knowledge and expertise to homeowners selecting thier dream houses and specializes in Highrise Lifestyle and fininding the location and amenities to fit buyers home fantacies. 

Emily Ray PorterMuseum Tower Condos

Designed by world-renowned architect Scott Johnson, the dramatic one, two and three bedrooms at Museum Tower in Dallas also have access to amenities such as two resident owners lounges, a bocce ball court, 80-foot swimming pool, outdoor fire place, fire pit plus outdoor cooking and dining areas to live life to the fullest and entertain your most special guests.  There is even an on-site dog park and accommodations

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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 is not a

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Tallest Residential Building in USAThe Highest Penthouse in the USA is for sale!

Who will be the buyer for the highest penthouse in the Western Hemisphere?  

The Trump Tower in Chicago is 1178' above ground and has 360 degree views of the city & lake from floor to ceiling with 16' high windows throughout.   

Whoever is crowned King or Queen of this lavish penthouse will be able to custom design it.  Possibly Chicago resident Oprah Winfrey will create “O” shaped doorways.  Maybe it will be billionaire and Chicago resident Ty Warner of Beanie Babies who will dine in house at the world renowned “Sixteen”.Sixteen Trump Tower

Whoever ends up with this jewl will be the envy of all Celebrities and Executives.  As far as we know, there is not another residential high rise with this height planned.  The owner

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Toolkit for Green High Rise LivingGreen Alliance just released a toolkit for high rise living.  In this excellent 50+ page document it shares some ways you can live a greener life and benefit from:
– warmer homes
– lower energy bills
– lower water bills
– stronger communities
– greener, more attractive neighbourhoods
– better, healthier transport options
– a healthier local environment
– access to cheaper fresh fruit and
vegetables through local food growing
– less crime and anti-social behaviour

These tips are a must read for the environmentally conscious home owner and also a great document to send to your property manager to see what can be implemented with little to no cost.  When you buy a highrise condo, this list can also be useful in evaluating the strength of the current green practices

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