× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox.
Showing posts with label Society. Show all posts
Showing posts with label Society. Show all posts
Monday, November 21, 2011
Thursday, April 21, 2011
Londons Times Gen. 2 Society Real Estate Cartoons - Cells Market - Coffee Gift Baskets - Coffee Gift Basket
Cells Market Coffee Gift Basket is measuring 9x9x4. Contains 15oz mug, BONUS free set of 4 coasters, biscotti and 5 blends of gourmet coffee. French Vanilla, Kenya AA, Decaf Colombian Supremo, Chocolate and Italian Roast Espresso elegantly presented in our signature black planet coffee gift box. A very nice and thoughtful gift for any occasion.Price: $54.99
Thursday, April 7, 2011
Londons Times Gen. 2 Society Real Estate Cartoons - Cells Market - Greeting Cards-12 Greeting Cards with envelopes
Cells Market Greeting Card is measuring 5.5w x 5.5h. Greeting Cards are sold in sets of 6 or 12. Give these fun cards to your friends and family as gift cards, thank you notes, invitations or for any other occasion. Greeting Cards are blank inside and come with white envelopes.Price: $19.95
Tuesday, April 5, 2011
Londons Times Gen. 2 Society Real Estate Cartoons - Cells Market - Greeting Cards-6 Greeting Cards with envelopes
Cells Market Greeting Card is measuring 5.5w x 5.5h. Greeting Cards are sold in sets of 6 or 12. Give these fun cards to your friends and family as gift cards, thank you notes, invitations or for any other occasion. Greeting Cards are blank inside and come with white envelopes.Price: $14.49
Monday, March 14, 2011
Empty Houses: Ownership Society Is Over
Following up on yesterday's post on the latest homeowner vacancy report, I wanted to point out a significant shift in the makeup of not just how, but where we live. While the overall number of empty homes rose nationwide, the biggest vacancy jump was in what's called "principal cities." These are the lower income, higher crime areas that Fannie Mae and Freddie Mac and prior administrations tried to bolster homeownership in. It’s close-in areas that are not attractive, according to Stephen East of Ticonderoga Securities. Vacancy rates actually fell in the suburbs to 2.3 percent in Q4 '10 from 2.5 percent a year ago and 2.4 percent in Q3. The increase in the overall rate was really driven by a 3.6 percent vacancy rate in "principal cities," up from 3.1 percent a year ago and 2.9 percent in Q3. "The increase in the vacancy rates in principal cities continues to illustrate the hangover from the 'ownership society' supported by the Clinton and Bush administrations," notes East. "We speak often to clients about the dichotomous market that does not get enough attention. Draw concentric rings around a city center. Two primary areas that drive the housing malaise—in close, out far. The sweet spot belt in nearly every city is seeing a significantly better housing market than broad numbers show. Fortunately, this is where most of today’s qualified buyers want to live." I am not sure why that's fortunate. The "sweet spot belts" around the country have not seen nearly the foreclosures nor the price drops that the close-in and far out bands have seen, so we don't need so much demand there. There needs to be more demand in the "principal cities," but it's just not there. Prices have dropped the most, and most borrowers there are lower income and cannot qualify in today's tough mortgage market. That's why, again, apartment rentals are seeing such high demand. Last night, Fannie Mae announced it was really gearing up its commercial, multi-family mortgage backed securities business, offering new products. "Fannie Mae Guaranteed Multifamily Structures, or Fannie Mae GeMSTM, an expanded multifamily mortgage-backed securities (MBS) execution that will include DUS Megas, DUS REMICs and syndicated DUS Megas." In other words, they're getting behind the apartment boom. "Fannie Mae is a leading provider of capital and liquidity for affordable workforce rental housing, and our role is more important now than ever," said Kenneth J. Bacon, Executive Vice President, Multifamily Mortgage Business. "When many financial institutions pulled out of the multifamily financing market during the financial crisis, we stayed and increased our participation to help keep credit flowing." Fannie is putting more than $20 billion behind multi-family financing, as builders ramp up production. The reason rents are rising so much is because there is not enough stock, unlike the single-family market. During the housing boom, many developers did condo-conversions, turning apartment rental buildings into condos to meet the over-exuberant demand. Now developers are rushing to build as fast as they can. Reis Inc. predicts 51,314 units will be completed in 2011, and 82,971 units in 2012, and CoStar predicts over 100,000 will be completed in 2012 (many of those likely starting now). All because the inner-city ownership society is no more. I also believe it's not just the inner-city, low-income resident who is renting; as I noted yesterday, I think renting is now much more acceptable to affluent younger workers and ever more enticing to empty-nesters. Given the rise in both those populations, multi-family has nowhere to go but up and ownership will need something of a makeover. Questions? Comments? document.write("");document.write("RealtyCheck"+"@"+"cnbc.com");document.write('');And follow me on Twitter @Diana_Olick Wednesday, February 9, 2011
House of the Day: Music City Mansion Fit For Southern Society Queen
× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Monday, January 17, 2011, by Rob
Have a nomination for a jaw-dropping listing that would make a mighty fine House of the Day? Get thee to the tipline and send us your suggestions. We'd love to see what you've got.
Location: Nashville, Tenn.
Price: $22,500,000
The Skinny: As the home of a prominent Nashville philanthropist, this 21,000-square-foot estate has hosted a litany of charity concerts since it was constructed in 1999. From the listing photos, it's clear there's plenty of space for a grand shindig, but, all formal affairs aside, is this really a worth the sky-high ask? We're loving the wide-plank flooring, but the cabinetry has that over-glossed '90s look down pat. Plus, despite the design professional named in the listing, the interiors are looking a little too down-home for this high-flier. That said, six acres in Nashville's premier—and suitably named—neighborhood of Belle Haven is nothing to sneeze at, and neither are the three-story staircase and stone-clad entrance hall. Whatdayasay, a low offer and wee revamp for one of Nashville's most socially prominent houses?
· 1358 Page Road [Fridrich and Clark]
Monday, December 20, 2010
Linkage: A Modern Artist's House; News at Mies van der Rohe Society
Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox.
Subscribe to:
Posts (Atom)