The outlook is probably best for residential real estate. It’s important to be careful how you read data on home rents and prices — average transaction prices have fallen sharply in New York and in some other markets, but that may be because transaction volumes have fallen more sharply for the most expensive kinds of homes, not because individual properties are getting less expensive. Price indexes from Zillow, which compare prices and rents for similar properties over time instead of calculating a simple average of transaction prices at a given time, show much more modest changes in residential rents and prices than you may have seen in some headlines. Zillow estimates after these adjustments that residential rents were 2 percent higher nationally than they were a year ago as of May, and were down less than a percent in the New York area. … [Read more...] about Here’s What the Trouble in Commercial Real Estate Means for You
Niche real estate
Wendy Gragg has been a luxury real estate specialist in Montecito, Santa Barbara and Hope Ranch for nearly 20 years. Prior to that Wendy was in the television business for 15 years where she honed her marketing and negotiating skills in a highly competitive environment. Starting in the sales department and ending in the sale of a group of local television stations across the country. Her love for Montecito, Santa Barbara and Hope Ranch was a natural for launching her long and successful luxury real estate career. Wendy’s in-depth knowledge of current inventory and comparable sales are the hallmark of her negotiating expertise. Exceptional networking among the best in the business allow for rare opportunities in a consistently tight market. She is always embracing the latest technologies and strategies to stay on top. Wendy is detail oriented, organized and a problem solver. Her long list of very impressive affluent clientele appreciate her integrity, discretion and personal … [Read more...] about Haute Residence Welcomes Wendy Gragg To Its Exclusive Real Estate Network
Don’t forget your closets and other storage areas. Chances are good you'll find some hidden treasures to use for restyling your home. However, if it’s something that you haven’t touched in ages, it’s time to release your inner Marie Kondo and let it go. This may be all you need to do for your space to feel fresh and free up storage space. … [Read more...] about 9 Sneaky Ways To Give Your Home a Makeover Without Spending a Dime
What this space looks like is different for every homeowner, but incorporating a designer’s eye and input on different areas in your home that could be transformed into a bar space or wine storage can save you a lot of time and money and give you a working plan to move forward. Most homes have hidden nooks, which often go unnoticed by the homeowner, that would make perfect points of interest. An empty wall in a dining room, a cabinet section in your kitchen, or the space under your stairs can become something new and exciting, like a wine display or full-service bar. … [Read more...] about GHBA Remodelers Council: Home bar design
After all, to the untrained observer, the economic landscape appears studded with eyesores. Twenty-seven major U.S. companies declared bankruptcy in May, the highest monthly total since the Great Recession. Nearly half of all commercial retail rents went unpaid that same month, threatening the solvency of many landlords and sending commercial real-estate prices into freefall. Meanwhile, more than 21 million Americans are collecting unemployment, and analysts warn that a second wave of layoffs – this one, inundating white-collar workplaces – is about to crest. May’s encouraging payroll gains were compromised entirely of workers returning from furlough; permanent job losses actually rose last month. And it’s far from clear that the freshly rehired won’t wash back out of the labor market in short order: Many of these Americans’ owe their resuscitated jobs to the Paycheck Protection Program, which covers the … [Read more...] about Is This What a Recovery Looks Like?