December 2013

There are 15 blog entries for December 2013.

Experts are predicting the following trends in the housing market for 2014:

1. Increase in Housing Inventory

The Urban Land Institute thinks this will be the last year that low inventory will aid housing prices.  Forbes believes that the rapid price increases of 2013 were greatly due to this shortage and expects prices to adjust to a healthy and stable pricing as the inventory matches the need more closely.  At Highrises.com our agents reported 2013 the year of lines to see new listings and homes closing before they were even listed.


2. Increase in Interest Rates

ULI expects ten-year treasuries to rise slightly in 2014 as they have been below 5% for quite some time.   The average mortgage rate for the last 36 years has been 9.2%.  With the

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In case you haven’t heard about Avis Magica, it is a skyscraper proposed for Miami.  But unlike one of the many hotel or condos recently built, it is designed at an artificial ecosystem to showcase nature in the booming city.  It includes a museum at ground level focusing on the natural wildlife of Miami, an outdoor stage and a 120 meter vertical aquarium which receives its water by pumping it in from the ocean.  Perhaps the coolest part of the design is within the vertical peak where artificial clouds are stimulated within a series of vertical islands.  Guests will take a ride through the aquarium, up through the clouds and to an observation deck.  

Miami has had some incredible designs hit the city from the Porsche Tower where people can park their

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As the Spire Condos in Dallas is 95% SOLD out we decided to highlight one of these units for sale.
Our featured listing for Denver is this beautiful one bedroom condo located in the heart of living in Downtown Denver.  This home overlooks the horizon of the city, sky and mountains.  Located on the 29th floor of the Spire in Denver, this luxury modern condo is adorned with all the high-end finishes.  The brilliant architecture outside is matched with the designer interiors.  Enjoy an evening in and watch the sunset with a glass of wine on the balcony followed by cooking a delicious meal in your exquisite granite countertops and stainless steel kitchen and watch a movie with fiber optic data in your home.  If you feel like adventuring within your…
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JANUARY MORTGAGE CHANGES COMING – FHA Loan Limit Increase:  more to come every week

  • FHA on January 1st will be increasing it Maximum Loan Limit to $287,500 from $271,050

  • This makes the Maximum Sales Price $297,900 if our clients want to use the minimum down payment of 3.5%

  • Remember FHA has Mortgage Insurance for the life of the loan regardless of Down Payment

  • FHA Allows all the Down Payment and Closing costs to be a Gift from Family or close verifiable relationship

  • FHA Allows the Seller to Pay up to 6% of the sales price for closing costs.

 

Mortgage rates improved early in the week before worsening midweek alongside of speculation that the Fed may announce the tapering of its asset purchases in next week’s meeting of

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Chris Gillot was honored after his passing last week.  He is best known for creating bright lit up words on the side of the blue cross shield tower in Chicago. Chris started the tradition in after Walter Payton died.  Chris, an electrician at the tower, was inspired to display his number “34” in large lights on the side of the building.  

As Chris did for Walter, the rest of the electricians posted “THANKS CHRIS” brightly on the side of the building on Tuesday to honor their fellow colleague.

Chris was described as a person who loved to take things apart and put them back together.  He prepared a piece of paper to a computer.  He was shy about the attention he got for the work he did on the tower, however it was an immense source of pride he

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We have great news in the United States real estate market today.  Last month, in November, foreclosures are down 37% when compared with one year ago’s market in November 2012.  This exciting data released from RealtyTrac showed that in just one month (October 3013-November 2013) the number of foreclosures are down 15% to a total of 113,454 homes reporting foreclosures in November 2013.  This brings the number of foreclosures the lowest they have been since August 2006.  The foreclosures include bank repossessions, scheduled auctions and notices for default.  

According to the US Census, privately owned housing building permits are up 13.9% in October 2013 when compared with the years previous permits in October 2012.  Also, in the third quarter prices

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Join My Neighborhood as they host the 2013 Warehouse District Holiday Party on Friday, December 20th from 6:00 pm to 9:00 pm at the Blind Pig! 

This WILL BE the biggest holiday party in the Warehouse District, you won't want to miss it! The Blind Pig will be turned into a winter wonderland that would put even the North Pole to shame. Dust off your Santa hat and ugly Christmas sweaters for the Most Festive Attire contest for a chance to win some awesome prizes. Believe us this will be a night in the district to remember! 


Here are some of the jolly specials compliments of the Blind Pig:
- $4 Christmas Ales (3 different variations!)
- $3 Domestic Bottle Beer 
- $3 Wine 
- $4 Holiday Cocktails and Well Drinks
- $6 Holiday Themed and Regular Martinis 
-…
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Ever wanted to live in Downtown San Diego?  You can invest in a high-rise condo so that you’re not flushing your hard earned dollars away every month.  Our current featured listing is in the Gaslamp District located in the Atla Condos.  

The Alta condos is a mixed use seventeen story building which includes 179 residences.  Views from the Alta Condos include the bay, San Diego Skyscape and Balboa Park.  Our current featured unit at Atla Condos is a one bedroom with views of 5th Avenue and Market Street.  Amenities include a fitness center, theater room, spa and swimming pool.

The condo is 764 square feet and is priced at $450,000


 

View this listing NOW 

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The Ritz-Carlton Residences are in the process of being built in Waikiki, a beachside neighborhood of Honolulu located on the beautiful island of Oʻahu.  These luxury residents will go right up to the ocean and residents will enjoy a backyard of the iconic white sands of Waikiki.  

Amenities will include a gourmet market called Dean and DeLuca who is most famous for their high end cheeses, spreads, cheeses, other exotic artisan foods.  Residents will also enjoy the concierge, sushi restaurant, infinity pool with beach views ,cabanas, lobby bar and main hotel restaurant, full spa services, kids lounge, top of the line fitness center, spa with steam rooms and entertainment lounges.

The Ritz-Carlton Residences broke ground on August 29th at 2121

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Wonder what is is like to live at the Millennium Place tower in Boston?  

Here is an example of a condo at Millennium for RENT, but if it’s not available anymore, don’t worry, you can check for available units here.

This exquisite condo is located on the 11th floor of the 15 story Millennium Place tower.  With 1,300 square feet, there is plenty of space to lounge and entertain in this two bedroom, two bath condo.  The condo has incredible ivory oak hardwood floors throughout.  

This home has never been lived in, so you will feel clean and comfortable in the marble ensuite bathrooms and and enjoy cleaning the Bosch appliances and beautiful walnut cabinetry.  The bedrooms and living areas have floor to ceiling windows.  The unit comes with laundry

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