Monthly Archives: September 2014

Terry’s Blog: Use This Advice When Buying Real Estate

Use This Advice When Buying Real Estate Real estate has historically been a solid way to build equity, but a downturn in the economy has diminished home values. Prospective buyers have also discovered lending institutions are less likely to extend credit without at least a 20% downpayment. This makes purchasing real estate more difficult for… Read more »

Homeownership: A Few Stats and Quotes

2014 American Express Spending & Saving Tracker “About two-thirds (65%) of homeowners say they are confident they would get the asking price for their home if they were to put it on the market today (up from 40% in 2010).” Financial Security Index Survey “Eighty nine percent of Americans feel that buying a home is… Read more »

Last Part of New York’s High Line Park Opens

The last stretch of New York’s High Line opens Sunday, completing one of the nation’s most distinctive urban transformations: abandoned elevated rails that have been turned into a linear oasis of flowers, grasses and trees. That last, half-mile section finishes the 22-block walkway that over five years has helped drive the hip gentrification of the… Read more »

About That FHA Prepayment Penalty

News that FHA will eliminate a prepayment penalty starting next year has been widely reported. It’s a move NAR has been seeking for some time because it will relieve borrowers of a financial hit that’s entirely out of their control and also bring the agency’s policies in line with other federal agencies that backstop mortgages. Perhaps most importantly, it… Read more »

Castro Gayborhood to Get Second History Walk

A series of historical factoids about San Francisco’s Castro district that will be etched in cement along Castro Street will have its official debut the weekend of this year’s annual Castro Street Fair. Officially known as the Castro Street History Walk, the project will feature 20 facts about the neighborhood placed into the sidewalks on… Read more »

Rainbow Crosswalk Plan in Austin Gayborhood Gets Pushback

West Hollywood, Calif., started a phenomenon in 2012 when they painted the gayborhood’s crosswalks with the colors of the freedom flag. Cities such as London, San Francisco, Toronto, and Vancouver have since followed suit, most without controversy. However, a request to paint rainbows on Bettie Naylor Street (W. Fourth) here in Austin is getting some… Read more »

The Rundown on 94 Los Angeles Development Projects

The Downtown development scene has been moving forward at a steady clip for more than a year, with a coterie of real estate players and investors recognizing that the community is ripe for additional housing, entertainment options and office space. Still, things ratcheted up even more than could be expected in just the last four… Read more »

How Interest Rates Impact Family Wealth

With interest rates still in the low 4%’s, many buyers may be on the fence as to whether to act now and purchase a new home, or wait until next year. If you look at what the experts are predicting for 2015, it may make the decision for you. Predictions for 2015 3Q: 4.6% - Fannie Mae… Read more »

Microhousing Coming to Seattle?

New city rules for “microhousing” apartments (backstory here) have just passed the City Council’s Planning, Land Use, and Sustainability Committee. We came in on the meeting broadcast late, but in time to hear the passage of two amendments – one requiring two sinks per unit (food-prep and bathroom areas), one that goes beyond microhousing, requiring… Read more »

New Skyway Proposed for New York’s East River

New York City already offers tram service between the Upper East Side and Roosevelt Island, but a local businessman has proposed a new “high-speed” gondola system that would initially provide service between Williamsburg and lower Manhattan. Gothamist is digging it: Picture this: it’s 100 degrees out, you descend into the subway station to find a… Read more »

The Two Things You Don’t Need to Hear from Your Listing Agent

You’ve decided to sell your house. You begin to interview potential real estate agents to help you through the process. You need someone you trust enough to: Set the market value on possibly the largest asset your family owns (your home) Set the time schedule for the successful liquidation of that asset Set the fee… Read more »

Featured Gay Realtor: Jeff Escher, Rockville, Maryland

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Jeff Specializes in Homes Near Metro in Montgomery County and NW DC. No pressure – Jeff is friendly and helpful, and will help you buy or sell your Rockland… Read more »

Housing Bust Mixed Owners With Renters

The housing bust blurred one of the distinctions that we often use to define and divide ourselves: whether we’rehomeowners orrenters. In the midst of the crash, longtime homeowners suddenly became renters (some of them even in their own homes). And many longtime renters suddenly concluded that they might not want to own after all. Single-family… Read more »

Featured Gay Realtor: Bill Thon, West Hollywood

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Bill Thon helps buyers and sellers with high end realty in Los Angeles, West Hollywood, and Beverly Hills. See Agent Expanded Listing on Gay Realty Network Here Gay Friendly… Read more »

Fannie Mae Relaxes Waiting Period for Distressed Borrowers

Fannie Mae recently released a report revising the waiting periods for distressed borrowers with a derogatory credit event such as a foreclosure, bankruptcy, short sale, or deed-in-lieu of foreclosure on their credit history to obtain a new loan. For borrowers with a short sale or deed-in-lieu of foreclosure on their record, Fannie Mae’s new mandated minimum waiting period… Read more »

Featured Gay Friendly Realtor: Tim Singer, Fort Lauderdale, Florida

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Tim is a Fort Lauderdale area real estate agent with a staff of full-time Ft. Lauderdale real estate professionals, and is very involved in Ft. Lauderdale’s gay and lesbian… Read more »

Featured Gay Realtor: Tim Tanz, St. Louis, Missouri

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. I’ve been serving the St Louis Metro Area for 17 Years. I love this Community! St Louis has so much to offer – from great dining to many cultural… Read more »

Washington DC’s Evolving Gayborhoods

What is happening to the ‘gayborhood?’ Discussions of the evolving nature of the gay “community” and fast disassembling “gayborhood” clusters here and in cities across the country are as commonplace as yet another report detailing how expensive D.C. has somewhat suddenly become. An announcement this week by the Bureau of Labor Statistics identifying Washington as… Read more »

Nordstrom “SuperTall” Tower Joins Others Changing City Skyline

217 West 57th Street’s design remains in flux, but using the detailed blueprints YIMBY received earlier this summer — for the tentatively 1,775 foot tower — its overall impact on the skyline can now be rendered. Though official images from Extell remain lacking, the latest glimpse depicts the 92-story supertall’s appearance from several perspectives, and… Read more »

Featured Gay Friendly Realtor: Ken Calhoun, Ft. Lauderdale, Florida

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Native Ft. Lauderdale Real Estate Agent who loves turning out of area buyers onto Ft. Lauderdale/Wilton Manors and beach area homes. Casual, great weather, beaches, friendly and fun. Prices… Read more »

Featured Gay Friendly Realtor: Denny Horner, Washington DC

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Denny is a residential real estate agent in the metro DC area, specializing in row homes and detatched homes. Metro DC offers great diversity and house options! See Denny’s… Read more »

Las Vegas Pride is the City’s Gayborhood

Mike Prevatt extolls the virtues of Las vegas Pride, one of the few times the city’s LGBT community really gets together to hang out: But seriously, Las Vegas Pride—I’m referring specifically to the parade, just one of several events during the weeklong celebration—is nonetheless a worthwhile activity for a few reasons: It’s one of the… Read more »

Lesbian Grandma, Harassed by Landlord, Finds Anti-Gay Slurs on Home

A grandmother in Oregon believes she is being unfairly targeted and harassed by her mobile home community’s new landlord because she is gay, an allegation that recently received some attention from the local news after vandals spray-painted the words “die dike” on the side of her home. Melanie Powell tells KOIN6 that she’s been living… Read more »

California Home Sales Drop, Driven By Low Inventory

A real estate research firm says California home sales plunged in July compared to the same time last year as buyers struggled to find something they could afford in the tight market. CoreLogic DataQuick said Thursday that about 40,000 new and resale houses and condos sold statewide in July. That’s down 8.7 percent from July… Read more »

Featured Gay Friendly Realtor: Bill Pearson, Denver, Colorado

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Bill strives to listen to your needs and make the process as painless as possible! Denver is a vibrant community of diversity with a wonderful climate! See Bill’s Expanded… Read more »

Castro Gayborhood Updates: Sidewalk Completion Delayed; Commuter Stops Proposed

We have a couple new stories out of the Castro gayborhood today. First, an update on the new sidewalk project that’s been going on for months. The BAR reports: More delays are impacting the $4 million sidewalk-widening project in the heart of the city’s gay Castro district, meaning work will not be completed prior to… Read more »

Pesky, But Potentially Costly Home Maintenance

If you’re new to home ownership, you may not be familiar with all of the responsibilities that are now yours. All of those things you used to call the super or management office for now fall in your lap. Here are some items to keep in mind, especially if you got a “great deal” on… Read more »

Featured Gay Mortgage Lender: Warren Fetterly, Toronto, Ontario

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. I am a highly educated and experienced mortgage professional who believes in integrity, honesty and above all, superlative client service. See Warren’s Expanded Listing on Gay Realty Network Here… Read more »

New Buildings in Midtown New York to Rival Height of World Trade Center

Several skyscrapers now going up on the south end of Central Park in midtown will eclipse the height of the Empire State Building. Today New York YIMBY reveals a similar “super-luxury” condo tower planned for our billionaire overlords in the financial district. YIMBY has the reveal for 125 Greenwich Street, which will become Downtown’s tallest… Read more »

Terry’s Blog: Stay A Conscientious Consumer With These Helpful Real Estate Buying Tips

Stay A Conscientious Consumer With These Helpful Real Estate Buying Tips Learning about buying real estate can be very overwhelming, but just like anything else, it can also be very easily researched. Now that you have found this list of tips, hopefully, you can come out a little more informed when it comes to buying… Read more »

Washington DC’s Winner and Loser Neighborhoods

Last month we looked at active vs. sold listings for D.C. overall. This week, we’ll look at the median price over the past seven months for D.C. neighborhoods based on zip code. Washington, D.C. overall experienced growth in median price from 2013 to 2014, both in July (1.90 percent) and year-to-date (4.20 percent). Keep that… Read more »