Seattle chugs along as America’s hottest home market despite slowing a bit – The Spokesman

Seattle’s home-price increases keep surging ahead of the rest of the nation even as the local housing market is showing a clear trend of slowing a bit.

Across Greater Seattle, the typical single-family house cost 10.4 percent more in November than a year ago, the biggest increase of any metro area in the country, according to the Case-Shiller home-price index released Tuesday.

It’s the third straight month that the Seattle area led the nation as the hottest housing market after a nine-year stretch without being on top.

The winter is normally the slowest time of year for Seattle’s real-estate market. The growth in home values was actually the slowest it’s been in nearly a year, continuing a downward trend since early fall. And compared with just a month ago, home costs were nearly unchanged, matching the national trend.

The Case-Shiller home-price index tracks housing costs in 20 major metro areas, including Seattle and Portland.

Portland

... read more at: http://www.spokesman.com/stories/2017/jan/31/seattle-chugs-along-as-americas-hottest-home-marke/

US home prices rose 5.3% in November, Case-Shiller index shows – Sarasota Herald

U.S. home prices marched steadily higher in November, pushed up by healthy demand for homes and a shrinking supply of available properties.

The Standard Poor’s CoreLogic Case-Shiller 20-city home index, released Tuesday, rose 5.3 percent, slightly faster than October’s gain of 5.1 percent.

So far, home sales have remained healthy even as mortgage rates have risen, suggesting that homebuyers are trying to lock down purchases before rates increase further. Americans bought existing homes at the fastest pace in nearly a decade in November. The number of homes for sale has fallen to a 17-year low, fueling bidding wars in many cities.

Prices in Seattle jumped 10.4 percent in November from a year earlier, the biggest gain among the 20 cities tracked by the index. Portland followed with a 10.1 percent gain. Denver reported an 8.7 percent increase.

Miami and Tampa represent Florida on the home

... read more at: http://www.heraldtribune.com/news/20170131/us-home-prices-rose-53-in-november-case-shiller-index-shows

Condo developers buy 162-year-old Portland lumberyard property

One of Portland’s oldest businesses, Rufus Deering Lumber Co., will be closing on Nov. 30.

City spokesperson Jessica Grondin told the Portland Press Herald that the buyer of the 2.5-acre property, located at 383 Commercial St., is Reger Dasco Properties, a developer partnership that has built high-end condos in the city and other locations.

The property was assessed at $2.3 million for tax purposes.

Senior Vice President Dan Labrie told the Press Herald that after the company stops operations on Nov. 30, it will begin transferring its staff and assets to Eldredge Lumber Hardware in Portland and York. Labrie added that Eldredge will hire approximately three-fourths of Rufus Deering’s 26 employees.

... read more at: http://www.mainebiz.biz/article/20161122/NEWS0101/161129985/condo-developers-buy-162-year-old-portland-lumberyard-property

Mill Creek Communities Win 2017 NAHB Awards


Mill Creek Communities Win 2017 NAHB Awards

DALLAS, Jan. 26, 2017

/PRNewswire/ Mill Creek Residential,a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced that the National Association of Home Builders awarded top honors to two of its recently developed apartment communities.

NAHB named Modera Mosaic (Fairfax, Va.) the Best Mid-Rise Community with the Best Interior Merchandising of Common Areas during its Pillars of the Industry awards ceremony. The organization awarded Modera Lofts (Jersey City, NJ) with the Best in American Living Gold Award and second place in the Pillars of the Industry Award for Best Adaptive Reuse.

We are committed to designing and building the best communities in the industry to maximize value for our residents, neighborhoods and partners,” said Chip Bay, executive managing director and national practice leader for construction and development at Mill Creek

... read more at: http://www.broadwayworld.com/bwwgeeks/article/Mill-Creek-Communities-Win-2017-NAHB-Awards-20170126

AZ Memo: What’s selling at Barrett-Jackson; Roosevelt Row changes; General Motors’ big investment; latest weather …

Good morning, Arizona. Here’s what you need to know today.

Mostly sunny Tuesday, with a high near 64. Mostly clear Tuesday night, with a low around 45. Sunny Wednesday, with a high near 65.

Partly cloudy Wednesday night, with a low around 48.

Things change on Thursday. There will be a 30 percent chance of showers, mainly after 11 a.m. Mostly cloudy, with a high near 60.

CHANGES COMING TO ROOSEVELT ROW

Roosevelt Row is a neighborhood in flux.

The downtown Phoenix arts district will change this year as new residents move

... read more at: http://www.azcentral.com/story/news/local/phoenix/2017/01/17/azmemo-phoenix-forecast-barrett-jackson-roosevelt-row-general-motors-auto/96660228/

Hot Property: Just when you thought things couldn’t get any crazier

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... read more at: http://www.courant.com/real-estate/la-fi-hotprop-html-20170121-htmlstory.html

Hot Property: Just when you thought things couldn’t get any crazier …

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... read more at: http://www.latimes.com/business/realestate/hot-property/la-fi-hotprop-html-20170121-htmlstory.html

Hot Property: Just when you thought things couldn’t get any crazier

‘;display: inline-block;font-family: Georgia,Serif;font-size: 12px;line-height: 18px;font-weight: bold;text-transform: uppercase;}.numbered-list { counter-reset: my-badass-counter;}.numbered-list dt:before { font: bold 50px ‘Belizio Narrow SemiBold’; content: counter(my-badass-counter); counter-increment: my-badass-counter; position: absolute; left: 0; top: 0; color:}.numbered-list dt {position: relative;font: 23px Georgia;padding: 3px 0 2px 45px;line-height: 28px;color:}.numbered-list dd {padding: 0 0 35px 45px;}.updates { padding-top: 16px;}.updates:before { content: ‘ ‘; display: block; width: 230px; margin: 20px 0; border-top: 1px solid }.updates h3 { color: margin: 5px 0; font-size: 16px; font-family: Arial,sans-serif; text-transform: uppercase; font-weight: bold;}.updates p { font: 14px/18px Arial,sans-serif; color: }.trb_allContentWrapper[data-content-type=htmlstory] .trb_mainContent_copyright {display: block;font-family: Arial,Sans-serif !important;color: font-size: 12px !important;clear: left;margin-bottom: 30px;}.trb_nav_signinLine a:hover {color: }.trb_nav_:hover {color:

... read more at: http://www.latimes.com/business/realestate/hot-property/la-fi-hotprop-html-20170121-htmlstory.html

What Is a Row House? Prepare to Be Charmed

Reach back into your memory of ’80s and ’90s television, and see if you can recall the opening credits of “Full House and “All in the Family.” Those houses—where much mirth and merriment took place—are textbook examples of row houses.

Row houses are single-family homes that are built side by side and share a common wall and often a common look. Typically two to five stories, they feature living quarters on several floors, with a traditional layout of living space on the first floor and bedrooms above. Some models have a business below.

“Row homes are one of the most desired pieces of real estate available, especially in places like New York, Brooklyn, or San Francisco, where they are historical and, in some cases, rare,” says Daniela Sassoun, associate real estate broker with Douglas Elliman Real Estate.

The history of row houses

Because of convenience, row houses became the construction style of choice starting in

... read more at: http://www.realtor.com/advice/buy/what-is-a-row-house/