The Cost Of Purchasing A Home In The U.S. Increased 55% Last Year. But It’s Still A Great Time To Buy A House For These Five Reasons

May 26, 2022

I’ve always been all-in on homeownership. Yet, for the first time in two decades since the beginning of the pandemic, I haven’t owned a home. All of which got me thinking: The National Association of Realtors (NAR) just issued a report calculating that the cost of purchasing a house in the U.S. has increased 55% year over year since 2021 after factoring in home value appreciation, tax re-assessments, and mortgage rate increases. So, from a seller’s standpoint did I just miss out on the f ...read more

Landlords Look To Flexible Workspace, In All Its Forms, To Meet Changing Office Needs

May 25, 2022

Flexible workspace provides a solution to shifting office preferences. getty Office building landlords and investors are fighting to restore their properties’ occupancy and cash flow to pre-pandemic levels. Acknowledging that the workplace has reached an inflection point is an important step in the journey. With the rollout of hybrid policies and the technology to support them, today’s tenants have more choices than ever regarding how —and when—their office works for them. Long-t ...read more

See Inside A Modern Los Angeles Compound Featuring Invader Street Art

May 25, 2022

The industrial-vibe compound in Venice is listed at $8.25 million. Hilton Hyland Luxury interior architecture is often designed with art in mind—blank spans of wall for large paintings, open spaces for sculpture. Less common, however, are homes that also display prized pieces of art on their exterior facade, such as this recently listed modern Venice masterpiece. Sitting a few blocks away from the beach, the 3,400-square-foot contemporary compound houses the first residential comm ...read more

States With The Lowest Property Taxes In 2022

May 25, 2022

Oceanfront home on Oahu Hawaii at sunset. Though Hawaii has high home values, its effective property ... [+] tax rate is the lowest in the country. getty Property taxes are tricky. Property tax rates can vary by county, municipality, township, and school district. Another interesting aspect of property taxes is the terminology and the way they are often calculated. In many states, counties use what’s called a millage rate, in which the tax rate of one mill represents a tax liability o ...read more

Noted Architect’s Legacy Lives On At $7-Million Home In Santa Barbara

May 25, 2022

The architectural home sits along a golf course in Santa Barbara. Village Properties With a Mediterranean climate, sea breezes and predominately Spanish architecture, Santa Barbara, California, is often likened to an American Riviera. And its location some 90 miles from Los Angeles’ affluent Westside has made it a favorite haunt of Hollywood, high net worth individuals and avid golfers alike. Walls of glass allow sight lines through the interiors. Village Properties ...read more

Impressive 140-Acre Estate In The Heart Of Virginia Asks $11 Million

May 24, 2022

The central Virginia estate has 140 acres of grounds including fields and forests. Long Foster Real Estate Eaglecrest is a 140-acre estate in the heart of Virginia that was inspired by such presidential mansions as George Washington’s Mount Vernon and Thomas Jefferson’s Monticello. Set in Charlottesville, about a 2-hour drive from Washington, D.C., the property has easy access to historical sites, wineries and outdoor recreation including hiking, horseback riding and golf. Nearb ...read more

Run On The Banks: Cities Growing With Riverfront Development

May 23, 2022

Tulsa's Gathering Place is perhaps the most spectacular of the new riverfront green spaces gracing ... [+] American cities. Miller Photography For all too many years, many if not most American cities turned their backs on the rivers responsible for their very existence. The thinking held that banks along those tributaries were best left to factories, warehouses, and industrial real estate. If detritus associated with manufacturing needed trashing, well, the rivers provided a prime dumpi ...read more

Secured Lenders And Their Counsel Can’t Overlook Minor Details

May 22, 2022

UCC-1 filings are easy to make correctly and a disaster if done wrong. U.S. Government Many types of commercial financing rely on security. For a real estate loan, the main security usually consists of a mortgage. For other types of financing, including real estate mezzanine loans, the main security will consist of a “security interest,” a pledge, under the Uniform Commercial Code. Either way, if the borrower defaults, the security gives the lender a relatively straight path to its c ...read more

New Video Takes A Peek Inside A $25-Million Los Angeles Midcentury Mansion

May 22, 2022

One of the key aspects of remodeling a Midcentury Modern home—the popular architectural style with surprising staying power—is maintaining the structure’s original character while implementing updates that suit a 21st-century lifestyle, or so says Los Angeles-based designer-turned-developer Philippe Naouri. Specializing in Midcentury restoration, Naouri has renovated and re-imagined some of Los Angeles’ most prized Modernist gems, including one of his most recently completed projects, ...read more

Summer Is Here, And More Bosses Are Making Vacations Mandatory

May 21, 2022

More companies are setting minimum vacation days they expect employees to take as the pandemic leaves time on the table and more states don't allow workers to carry over time. getty Some of Wall Street’s hard-charging Masters of the Universe can take solace from the plummeting stock market with a new perk: No limit to their vacation days. Earlier this week, headlines touted how an internal Goldman Sachs memo said partners and managing directors will now have what many employers call “u ...read more