Virginia real estate

Share to Twitter Share to Linkedin A waterfront penthouse with a resort-like amenity has landed on the market for $16.35 million, making it the highest-priced condo listing in Sarasota, Florida, according to listing agent Moriah Taliaferro of Premier Sotheby’s International Realty’s downtown Sarasota office. A large outdoor area with a putting green is among the unique features and contemporary finishes that embrace the residence at 605 South Gulfstream Avenue in the Epoch building, all while offering enviable views of the bay and the city’s skyline from the floor-to-ceiling windows. “This exceptional penthouse offers west-facing orientation to take full advantage of the waterfront views,” said Taliaferro. “Its generous indoor and outdoor living areas provide the feel of a single-family home with the convenience and service of a luxury condominium. Located within one of downtown’s most desirable neighborhoods, Sarasota’s renowned restaurants, shops and … [Read more...] about Florida Estate With A Putting Green Hits The Market For $16.35 Million

Share to Twitter Share to Linkedin Falling house prices tend to be bad for incumbent politicians during reelections. Take, for example, George H. W. Bush. Vice President George H. W. Bush was elected president in a landslide in 1988. The U.S. housing market had been booming for years before that election. The Northeast boomed from 1986 to 1988, and California was also booming in 1988. Nationally, nominal house prices increased 14% in the 20 months from January 1987 until the election in November 1988, according to the S&P CoreLogic Case-Shiller Home Price Index . Eight states voted for George Bush that haven’t voted for another Republican presidential candidate since then. Six of those states were in the Northeast, and one was California. All of those states saw big house price increases in the 1980s. By 1990, however, house prices nationally had stopped increasing. Real house prices and family home equity wealth fell with the 1990 recession. … [Read more...] about Falling House Prices And The Elections In 2022 And 2024

Share to Twitter Share to Linkedin Changes in demand caused by the pandemic were, of course, a big part of the house price boom but two years of falling mortgage rates was the main reason house prices skyrocketed in 2020 and 2021. Rates fell from 4.9% in November 2018 to 2.7% in January 2021, the lowest rate ever on 30-year fixed-rate mortgages. Is there a sector of the economy that is more sensitive to changes in interest rates than buying houses? When you borrow 95% of the price of the largest purchase of your life for 30 years, interest rates have a huge impact on how much you can pay for a house and, therefore, on house prices in general. In January 2021, you could borrow 32% more money to buy a house than you could in November 2018 with the exact same monthly principal and interest mortgage payment. House buyers, both investors and live-in buyers, could borrow a lot more money with the same payment, so naturally, over time, they bid up house prices. … [Read more...] about 3 Possible Solutions To Housing Booms And Busts

Share to Twitter Share to Linkedin Second homes are the stuff of fantasy. Not a necessity, like primary residences, they are often expressions of the ways homeowners love to spend leisure time, whether at a pied-a-terre close to the theater, opera, museums and other urban attractions, a house along an isolated stretch of beach, an island getaway, a luxurious apartment on a golf course or a multi-generational gathering place near the ski lifts. Whichever vacation home a family chooses tells a lot about what they cherish in their spare time. Since we have been isolated and confined by a troublesome new pandemic, an undeniable trend has risen to the top of real estate wish lists: we crave nature. If we live in cities, we try to find places where we can walk, breathe fresh air, keep a garden and maybe even observe wildlife. If we can, we buy a second home that offers all of these, with space to gather during school vacations. Most desirable are second homes … [Read more...] about The Most Hotly Desired Element In Luxury Second Homes

Share to Twitter Share to Linkedin The sad thing about vacations is that no matter how much fun you’re having, they have to end. Just consider that demand for vacation homes has fallen below the pre-pandemic baseline for the first time in two years. Sky-high home prices and surging mortgage rates, along with economic uncertainty and an increase in second-home loan fees, have put the kibosh on the pandemic-driven vacation home boom. Mortgage rate locks for second homes are down 4% from before the pandemic in May. That’s down from a revised rate of 3% above pre-pandemic levels a month earlier, and 70% above pre-pandemic levels a year earlier, according to a Redfin analysis of Optimal Blue data. A mortgage rate lock is an agreement between a home buyer and lender that allows the buyer to lock in an interest rate on a mortgage for a fixed period, offering protection against future interest rate hikes. Home buyers must specify whether they are applying to … [Read more...] about Demand For Vacation Homes Is Now Below Pre-Pandemic Levels

Share to Twitter Share to Linkedin A sprawling mansion in Orlando, Florida with Disney-themed amenities and decor has come on the market for just under $15 million. The property is in the guard-gated Carolwood neighborhood of Golden Oak at Walt Disney World Resort, a few minutes away from the front gate of the Magic Kingdom. The Mediterranean-style estate at 10151 Enchanted Oak Drive includes a 11,000-square-foot main residence, guest house, swimming pool with a hot tub and gazebo. Encompassing nearly 11,000 square feet, the residence was crafted and designed in collaboration with Disney Imagineers and architects. Offering a scenic and private setting, the Carolwood neighborhood is surrounded by nature preserves and enhanced by lush landscapes and native plantings. Chris Christensen and Julie Christensen of Premier Sotheby’s International Realty’s Southwest Orlando office are the listing agents. They said living in Golden Oak is a dream come true … [Read more...] about $15 Million Florida Mansion Is A Disney Lover’s Dream Come True

Share to Twitter Share to Linkedin While he was President, Gerald Ford was often mocked for alleged physical ineptitude. He acquired a reputation as a clumsy, likable and simple-minded everyman; an incident in 1975, when he tripped while exiting Air Force One in Austria, was famously and repeatedly parodied by Chevy Chase on Saturday Night Live , cementing Ford's image as a klutz. In fact, he was a lifelong athlete, a skilled football player who won two national championships while at the University of Michigan. Following his senior year, he turned down offers from the Detroit Lions and the Green Bay Packers, instead taking a position as the boxing coach and assistant varsity football coach at Yale, while applying to Yale Law School. He loved to ski, so a vacation home in Vail, Colorado made sense. Built in 1967, this mountain chateau served as a favorite holiday retreat for President Gerald and First Lady Betty Ford. Now their winter holiday ski house … [Read more...] about President Ford’s Vail Winter White House Hits The Market For $13 Million

Share to Twitter Share to Linkedin As the terrifying words and shocking photos showing fierce fires destroying thousands of acres of land flooded social media, it was hard to not feel helpless. The over 50 mph winds assisted the fire in covering so much ground in such a short time that people who thought they were out of harm’s way would quickly realize within the same hour that they needed to evacuate as soon as possible. The direction of the wind changed constantly making it impossible for anyone within Napa Valley and Sonoma County to know if they were truly safe, as fleeing one’s home had many downsides since temporarily living in a crowded community center seemed to be a torturous alternative, or much worse, one could accidentally drive into the heart of one of the fast and furious fires, trapped with no way out. Many living outside of northern California stayed glued to the internet to see if friends or colleagues in the wine industry were doing okay. … [Read more...] about Woman From India Leads As Winemaker At Beloved Napa Winery To Build A Better Tomorrow After Tragedy

Share to Twitter Share to Linkedin Eyewear mogul Leonardo del Vecchio—whose firm owns Ray-Ban, Sunglass Hut and more—died at age 87, with a fortune worth an estimated $25.5 billion and six children from three different relationships. The death of Italy’s second-richest man, Leonardo Del Vecchio , means that his estimated $25.5 billion fortune will now be divided among his heirs. The 87-year-old eyewear mogul leaves behind his second wife, Nicoletta Zampillo, and six children from three different relationships, ranging in age from 18 to 65. All seven are now likely to become billionaires, inheriting Del Vecchio’s Luxembourg-based holding company Delfin and its billions of dollars in assets. One of Italy’s most famous entrepreneurs with a rags-to-riches tale of success, the factory apprentice-turned-eyewear mogul lived in Monaco and held his vast fortune—including ownership of Sunglass Hut, Ray-Ban and Oakley—through Luxembourg-based Delfin. After a … [Read more...] about Here’s How Many Billions The Heirs Of Italy’s Second Richest Man–Who Died Monday–Stand To Inherit

I really pity the people who are still holding their breath and waiting for life to get back to normal: that glorious day when we all triumphantly return to business as usual. I've been struggling for a simple way -- by example or analogy -- to break the ugly news to them that they're dreaming. And to demonstrate that, post-pandemic, for a variety of reasons we'll never again look at our lives, our careers, or the world in the same way. Not that that's exactly a terrible thing; nostalgia and tradition are very often just bad excuses to avoid change. We'll never progress by trying to live our lives looking backward. That's why the car's windshield is so much bigger than the rear-view mirror. So, I've settled on single symbol: the ratchet. Not the "full ratchet," which is a venture capital deal provision that protects early investors from later dilution, and something all founders dread. (And lovingly call rat s--t). I'm referring to a basic mechanical device that allows motion … [Read more...] about 4 Pandemic Changes That Will Change Your Business Forever