A sprawling mansion next to a museum in Tulsa, OK, is currently the most expensive piece of property in the state. Listed for $7.5 million and located just minutes from downtown, the mansion is the sister estate to the Philbrook Museum of Art, sitting just across the street. The museum is centered on an Italian-style villa built in the 1920s. Filled with ornate gardens, the gorgeous 25-acre grounds are regularly used for weddings and other celebrations. Instagram photos of the Philbrook are certainly worthy of a peek. Placed on the market a couple of months ago, the companion Mediterranean-style villa was designed by Richardson Robinson and sits on its own meticulously landscaped 2 acres. The high-end interior, featuring muted colors and tailored edges, was designed by Charlotte Moss. Built in 2001, the 17,000-square-foot mansion has six bedrooms, eight bathrooms, and four half-baths. It comes with a five-car garage. From its gleaming chandeliers to its ornate woodwork, the luxurious residence reflects an exquisite attention to detail. It last changed hands in 2013 for $5 million. The estate’s sheer size and aesthetic make it ideal for entertaining on a large scale. From fundraisers to holiday parties, this house begs to be dressed up and filled with friends and family. Who wouldn’t want an invitation to roam around Tulsa’s grandest home? The post Oklahoma’s Most Expensive Home Is Situated Right Next to a Museum appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/unique-homes/most-expensive-oklahoma-mansion-museum/
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Which houses caught the most eyes this year? From a unique dome-shaped home to a groovy ranch-style pad full of nostalgia (we’re sure you’ll recognize it), our list of the most popular homes is a scintillating trip down memory lane. In this episode we also revisit a story that everyone couldn’t stop talking about: How Often Should You Wash Your Sheets, one of the gross yet informative pieces in our wildly successful “According to Science” series that launched this year. And we crown the ultimate real estate winner and loser of 2018, aka the one celebrity who made the best real estate moves and the one who totally blew it. You can subscribe on Apple Podcasts, Google Play Music, Spotify, or Stitcher—and, by all means, throw us a five-star rating if you like what you hear. The more good ratings and reviews we have, the easier it’ll be for people to find us. Have a wacky home-related story you’re dying to share? Wish you could finally get your real estate questions answered? We’re all ears. Reach us at [email protected], or follow @housepartypod on Twitter. ——-- Stories we discussed:King of the Clicks: What Was the Most Popular Home of 2018? The Very Best Real Estate Advice of 2018 That You’ve Just Gotta See Again How Often Should You Wash Your Sheets—and What If You Don’t? Celebrity Real Estate 2018: Who Were the Biggest Losers and Winners? The post Podcast Must-Hear: 2018’s Most Popular Homes and Biggest Celeb Winners and Losers appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/podcast/house-party-ep-10-2018-most-popular-celeb-winners-losers/ Home buyers and sellers are in for even more holiday cheer this season as mortgage interest rates continued to fall. That makes it more affordable for folks to purchase properties as their monthly mortgage payments will be a little lower. Plus, it may lead to more buyers in the market eager to snap up properties before rates go back. That’s a win for sellers, too. Despite the Federal Reserve jacking up its own federal interest rates this month, mortgage rates slid down to 4.55% as of Dec. 27, according to Freddie Mac data. That’s down from 4.62% just a week ago—and a nearly nine-year high of 4.94% in November of this year. Even a single percentage point rise in mortgage rates can add more than $100 a month to a $293,000 home, which is the median home price nationally. And unfortunately for buyers, that little rise can turn into extra tens of thousands of dollars over the life of a 30-year, fixed-rate loan. However, these lower rates are likely only a temporary reprieve, according to Chief Economist Danielle Hale of realtor.com®. That’s because the Federal Reserve plans to raise its rates twice more next year—and mortgage interest rates usually follow suit. The Fed hiked rates four times in 2018, by 0.25% in each instance. “Would-be home buyers should prepare for higher rates but keep an eye out for lower-rate opportunities like we’re seeing right now,” Hale said in a statement. The lower rates may be good for the slowing real estate market. As prices and rates have risen, fewer buyers could afford their dream homes and neighborhoods. So many chose smaller, cheaper abodes; moved to less desirable communities; or were reluctant to pull the trigger. This has led to fewer home sales than expected in 2018, aka a seller’s worst nightmare. Now that rates are down a bit, more buyers may decide to jump back into the market. “The negative headlines around the financial markets are concerning, but the economy remains healthy, so the drop in mortgage rates should stem or even reverse the slide in home sales that occurred during the second half of 2018,” Sam Khater, Freddie Mac’s chief economist, said in a statement. The post Mortgage Rates Continue to Fall in Holiday Gift for Home Buyers, Sellers appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/real-estate-news/mortgage-rates-continue-to-fall/
The nation is not keeping pace with repairing and replacing more than 400,000 affordable rentals.
via https://www.huffingtonpost.com/entry/rural-housing-usda-section515_us_5c1bc1f8e4b0535a214bd031 With slews of tent encampments in a fast-growing city flush with tech-sector cash, it’s tough questioning Seattle’s serious problem with homelessness and affordable housing. But an unprecedented new city law — forbidding landlords from checking into potential renters’ criminal past — is very much in dispute and setting up a closely-watched court battle. Landlords argue their free speech, property rights and possibly their safety is being jeopardized by a law that forces them to close their eyes to relevant public information about possible tenants. They’re backed by landlord groups and background screeners who call the ordinance a perilous precedent. The “Fair Chance Housing Act” was anything but that, according to landlords’ lawyers. Ethan Blevins, an attorney at the Pacific Legal Foundation, said the law’s premise “is this paternalistic idea that the city gets to decide what information is relevant or important to a landlord’s decision making process.” The City of Seattle and tenant advocates are fighting back. They say the act helps chip away at a housing crisis, especially for over-policed minorities disproportionately saddled with arrests and convictions. It’s a court case that landlords and lawmakers in the other parts of the country are looking at with keen interest. A ruling upholding the law could pave the way for its enactment elsewhere, said Kimberlee Gunning, a lawyer for tenants advocates at Columbia Legal Services. “Folks across the country are watching this,” she said. Though the law has been in effect since February, a judge will be scrutinizing its merits following President Donald Trump’s enactment of criminal justice reforms. The “First Step Act” signed Friday, among other things, broadens re-entry efforts and quicken a well-behaved inmate’s release. The new federal law was a sign Seattle “on the vanguard” of needed reforms with its own housing law, Herbold said. The city also was one of the first cities to enact paid sick leave laws and $15 minimum wage requirements, she noted. “We’re all safer if people are housed,” Council member Lisa Herbold, the bill’s chief sponsor, told MarketWatch. “You’re reducing the likelihood of recidivism. That goes for violent crimes as well.” What should matter to landlords, Herbold said, is someone’s ability to make the rent on time and not wreck the place; Blevins said criminal background checks had bearing for those kinds of issues. While other cities limit how far in time landlords can delve into a tenant’s criminal past, Herbold said Seattle’s law appears to be the first blocking any inquiry at all. “It is an embarrassment and shame that a city like ours, with so many resources, is not doing a very good job taking care of those who have the most significant barriers to access in housing,” Herbold said, “And having a mark on your background related to the criminal justice system is one of those barriers.” A January 2017 tally put Seattle’s homeless population around 8,500. Average Seattle rents jumped 43% from 2012 to 2017, accord to a local task force. During that time, vacancy rates in buildings with at least 20 units have hovered between 4% and 5%, it said. Almost one-third of Seattle residents have an arrest or conviction on their record, court papers said. The city is already locked in two other lawsuits with landlords, who object to ordinances capping deposits and requiring landlords to take the first applicant who comes to them. A judge upheld the limits on move-in costs, but another judge voided the rule on taking the first tenant to come along. Both cases are being appealed. Ahead of its unanimous passage, some residents in support of the Fair Chance Housing Act said landlords kept dredging up their past as they tried to make a new life. One man testified at a bill hearing he had enough money, good credit and a good rental history. “But I kept hearing ‘no.’” The law, he said, “will help level the playing field for some of us.” The plaintiffs include landlords who rent out a handful of units and live close to their tenants. One landlord couple that’s suing, Chong and MariLyn Yim, say they charge below-market rent prices. But they’ll “have to raise rents in order to build up a larger cushion of reserves to absorb the risks they face under the new law,” court papers said. The Yims, two other private landlords and the Rental Housing Association of Washington are asking Seattle Federal Judge John Coughenour to call the statute unconstitutional. Some say Seattle’s law is not an outlierThe law prevents landlords from checking prospective tenants for any convictions or arrests. The ordinance does not apply to convicted sex offenders who committed their crime from age 21 and above. It does shield juvenile criminal records from landlord eyes, including those for sex-crime charges. The law doesn’t apply to federally-assisted housing, the landlords note. Renters across America face a mix of federal, state and local laws when it comes to what publicly-funded and private landlords can weigh when deciding on a tenant. There’s a variety of anti-discrimination laws barring the consideration of race, sex, religion and disability. The range of state and city rules for considering tenant’s criminal past get more complicated — with many laws now confining what parts of a criminal record landlords should weigh, housing advocates point out. “Seattle’s ordinance is by no means an outlier. It is part of a larger trend at the federal, state, and local levels toward removing barriers for people reentering society,” said lawyers for the National Housing Law Project and the Sargent Shriver National Center on Poverty Law. But renters on the private market don’t have “the same constitutional protections against arbitrary admission denials as applicants to federally subsidized housing,” the organizations said, noting 87% of Seattle’s rental housing stock is owned by private landlords. A spokesman for the city’s Office for Civil Rights said that, as of last month, the agency has filed nine civil charges against several landlords since the law went on the books. Four ended in settlement, four are pending and one was dismissed. Clashing ArgumentsBlevins acknowledged city officials are trying to cope with “legitimate problems” of recidivism and the criminal justice system’s disproportionate lean on minorities. “The problem is, they’ve taken the wrong approach by burdening landlords with this inability to look into valid information about rental applicants.” Blevins noted Seattle has been under a federal consent decree since 2012 to stop biased policing. “It’s ironic for them to point the finger,” he said. In January, a judge said the police was in full compliance and had two years to keep it up before the order lifted. Landlords argue they could be exposed to liability if they don’t do their due diligence. There was one dire example in a pending lawsuit where a family of a raped and murdered tenant is suing a Chicago property manager for not running a background check on a fellow tenant. The landlord arguments are seconded by supporting groups like the National Apartment Association and the National Consumer Reporting Association, which assailed the ordinance as vaguely worded. John McDermott, general counsel of the National Apartment Association, a trade association for owners and property managers in the rental market, said Seattle’s law was “stunning in saying our solution to the [shortage of affordable housing] problem is you should make decisions with less information.” But tenants’ advocates said the ordinance was a break from Seattle’s troubled housing history. Seattle was a segregated city with racially restrictive covenants and “redlining” in its past — not to mention gentrification that were now pricing out certain areas, filings said. Companies like Amazon and Starbucks are based in Seattle, while the headquarters of Microsoft are nearby. Background checks on their face didn’t ask about race, but landlords, playing “private juries and judges” kept the divided city’s status quo intact. “The Ordinance will not eliminate racism and segregation in Seattle entirely”, said lawyers for the groups Pioneer Human Services, a social enterprise based in Washington, D.C. that serves individuals released from prison, and Tenants Union. “But, by eliminating some of the barriers to finding adequate housing, it will strengthen families and, by extension, communities.” Arguments about landlord duties to protect tenants were “misleading,” the court papers said. Landlords can’t be expected to be on notice about a tenant’s past when they’re not even allowed to look at a person’s criminal past, housing advocates said. The sides have to file all their arguments in the suit by next month. The post A New Seattle Housing Law Forbids Landlords From Checking Into Tenants’ Criminal History—but Does It Go Too Far? appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/trends/new-seattle-housing-law-forbids-landlords-checking-tenants-criminal-history-go-far/ Breaking news: Former ABC news anchor and journalist Charles Gibson is selling hisPark City, UT, home for $9.4 million. The 75-year-old, who retired from ABC News in 2009, is moving away from his ski chalet. The next owner can expect great things from the winter retreat. According to the listing, Gibson and his family called the house “The happiest place on earth.” (Sorry, Disneyland.) The contemporary home in the shape of an ellipse was designed by the owner’s mathematician brother. The home has become a local landmark that can be seen from a ski lift in Deer Valley. Gibson first bought in the area in 1987, the year he began hosting “Good Morning America.” Enamored with the snowy escape, he and his family had the custom home built in 1995. The 8,507-square-foot home has five bedrooms and seven baths. Walls of glass capture the beauty of the landscape, and huge decks extend the living space. The three-level residence features vistas from every room, and ski access to Homestake Ski Run and Silver Lake Village. The two-story living room includes a fireplace and walls of glass. There’s also a formal dining room, and the kitchen opens to a family room and breakfast nook. Elsewhere there’s an office, media/game room, and hot tub. The master suite comes with a sitting area and fireplace. The mudroom includes ski storage. Gibson spent 19 years with “Good Morning America,” leaving in 2006 to host what would become “World News with Charles Gibson.” The broadcaster retired in 2009. The post Retired ABC Newsman Charles Gibson Selling Park City Chalet for $9.4M appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/charles-gibson-selling-park-city-home/ We often see luxe homes disappear from the market without enticing a buyer. New agents are then brought in for a reset of the marketing plan. Most times, a mansion appears back on the market at a lower price. But it’s rare to see an estate come back with a price cut and even more amenities. Yet Shaquille O’Neal‘s famous “Shaq-apulco” in Windermere, FL, defies all norms. Area security systems have been improved to the tune of $1.4 million, but the price tag on the Hall of Famer’s glam estate has been slashed from $28 million to $22 million. Though still pricey, the massive, 31,000-square-foot mansion is a deal. It sits on a 4-acre waterfront lot and is the largest property in the exclusive enclave just outside of Orlando. Windermere is one of Florida’s finest residential areas, says real estate agent Dustin Fealy of The Agency. “We wanted to create excitement with the adjusted price,” says Fealy, who is co-listing the property with The Agency’s Anne Marie Dietz. “We’re confident in the price, and feel we may get above asking for it. “We want to create a brand that appeals to a specific clientele,” he continues. “We’re reaching out to specific buyers who’d appreciate the property.” Fealy acknowledges the challenge of selling the one-of-a-kind mansion: “It’s a very unique home, considering Shaq’s personal taste. But it’s not a matter of the right price, but the right buyer. Price is only an issue in the absence of value, and there is great value here.” Drafted by the Orlando Magic in 1992, O’Neal purchased this place a year later for a little under $4 million. He held onto it as he manned the paint for a number of teams, earning four championship rings in the process. The property boasts 700 feet of prime Lake Butler frontage as well as a swimming pool with waterfalls, a spa, and a Tiki-style cabana. There are custom elements as well: a room with a giant diesel truck cab appearing to be drive through the wall; numerous Superman logos throughout the estate, including one emblazoned on his roundish bed; and a full-size Superman statue at the end of his dock. In total, there are 12 bedrooms, 11 baths, and four half-baths. High-end amenities include a 6,000-square-foot, indoor basketball court; a showroom-style garage; and a soundproof home theater. There’s also a cigar bar with a walk-in humidor and wine storage, and an Egyptian-themed room with a triangular-shaped saltwater fish tank. “Shaq at heart is a family man, believe it or not, and he has made the place feel like a real home,” says Fealy. “Despite its size, it doesn’t feel like a cold office building. It really does feel like home.” He adds that a multigenerational family, a star athlete, or an A-lister with a large entourage would all be quite comfortable there. Fealy explains their marketing team is targeting foreign and domestic buyers. “Our reach is worldwide,” he says. “Dubai, England, India, China. … No matter what soil they’re standing on, they could be comfortable here.” O’Neal is finally giving up his own private paradise because he’s “spending more time in Atlanta and wants to establish himself long-term there,” Fealy explains. O’Neal is currently an analyst on TNT’s “Inside the NBA,” which is produced in Atlanta. The post Return of ‘Shaq-apulco’! Shaquille O’Neal Cuts Price on Florida Mansion appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/shaquille-oneal-florida-mansion-price-cut/ In addition to offering copious opinions on all things sports, Fox Sports’ Colin Cowherd is becoming known as a wheeler-dealer in the world of Manhattan Beach luxury real estate. Over the past few months, he’s sold two fancy homes in the area and recently purchased an even swankier one for $6,525,000. Cowherd’s latest acquisition is a modern, farmhouse-style home with six bedrooms and seven bathrooms. He picked the 5,936-square foot manse up in mid-October. The spacious home was built in 2015 by Zivic Development and designed by Louie Tomaro. Luxury features include custom wood beams supporting high cathedral ceilings, expansive doors of glass that allow a seamless indoor/outdoor flow, limestone floors, and marble countertops. Cool attributes include a lush movie theater, a climate-controlled wine room, and two separate gym areas, The elegant master bedroom features a fireplace with an antique wood beam mantle, as well as a master bath with heated floors and a steam shower. The house sits on a spacious corner lot, allowing plenty of room for outdoor amenities. Outside, you’ll find a saltwater pool, outdoor fireplace, dining area, lush landscaping, and a smart grass lawn. Last September, Cowherd sold a pristine 3,714-square-foot Cape Cod in Manhattan Beach for $3,250,000. The home had been on and off the market for a little over a year, but was rented out for part of that time. Shortly thereafter, he sold an even pricier Manhattan Beach Cape Cod for $4.10 million. The always opinionated Cowherd, 54, was with ESPN for over a decade before joining Fox Sports in 2015. His show, “The Herd With Colin Cowherd,” currently airs on Fox Sports Radio and is simulcast on TV on Fox Sports 1. He also co-hosts the Fox Sports 1 sports talk show “Speak for Yourself.” The post Sports Talker Colin Cowherd Buys Another Luxury Home in Manhattan Beach appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/colin-cowherd-buys-again-manhattan-beach/ At the start of the year, the U.S. luxury real-estate market still looked relatively rosy. The year 2017, after all, had ended with entertainment’s first couple, Jay-Z and Beyoncé, purchasing a Bel-Air, Calif., mansion for $88 million. Billionaire scion Evan Metropoulous acquired comedian Danny Thomas’s one-time estate in Beverly Hills for about $65 million. A five-bedroom penthouse in Manhattan’s Tribeca neighborhood that was listed for $65 million went into contract, setting a local record. As regular readers of The Wall Street Journal’s Mansion section know, it has since become much more of a buyer’s market. In New York, celebrities and billionaires are offering multimillion-dollar price cuts on their apartments. In Miami, a residential skyscraper that was popular with the 1% has seen many of its boldface names sell their homes. Among the reasons: a decline in foreign buyers and the 2017 GOP overhaul that capped state and local tax deductions. These big stories—along with a dose of coverage on the famous buying and selling their homes—were among the 10 most-popular articles with our readers this year. 1. At Miami’s Billionaire Bunker, Another Wealthy Buyer Heads for the Exit Real-estate developer Edward J. Minskoff is asking $16.5 million for his apartment at Faena House, a condominium tower that drew diplomats, billionaires and financiers. 2. Michael Cohen Purchases New York City Apartment for $6.7 Million Donald Trump’s former personal lawyer financed the purchase with a mortgage from the developers, according to public records. 3. As Manhattan’s Most Secretive Skyscraper Rises, a Super-Elite Clientele Emerges Billionaire Dan Och and the musician Sting are among the owners of 220 Central Park South, an ultraluxury tower seemingly immune to New York’s real-estate slowdown 4. New York’s Wealthiest Cut Losses as Manhattan Real Estate Falters Luxury homeowners struggle to accept the new reality of home prices falling after a decadelong property boom. 5. New Tax Laws Have Home Buyers Checking New Places The new cap on deductions for taxes, including on property, have people looking for deals outside high-tax states; Florida and Nevada have become more popular after GOP overhaul. 6. Elin Nordegren, Tiger Woods’s Ex-Wife, Lists Home for $49.5 Million The former model’s custom-built estate in South Florida measures 25,878 square feet with 11 bedrooms, 15 full bathrooms and three half bathrooms. 7. Michael Dell Paid a Record $100.47 Million for Manhattan’s One57 Penthouse The Dell Technologies founder quietly paid $100.47 million for a penthouse at Manhattan’s One57, setting a record for the city. 8. What Beyoncé and These Billionaires Have in Common: Massive Mortgages America’s wealthiest homeowners pay banks like Goldman Sachs hundreds of thousands of dollars monthly after borrowing millions to finance home purchases. 9. Train Buffs Are Traveling Cross-Country in Super Luxe Railcars Hitched to Amtrak Trains Obsessive train lovers spend millions to restore vintage railcars, then hook them up to Amtrak trains to travel the country. 10. When Retirees Should Not Pay Off Their Mortgages Baby boomers are swelling the ranks of retirees, and more are carrying mortgage debt than in the past. But it doesn’t always make sense to pay off the debt. The post Mansion’s 10 Best-Read Stories of 2018 appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/trends/best-read-stories-2018-wsj-mansions-section/ A restored Colonial home with a fascinating history in Framingham, MA, is available for $975,000. The residence sits on land once owned by early settlers Sarah Clayes and Peter Clayes. The couple fled Salem during the notorious witch trials in the late 17th century. Built in 1720, according to the listing, the house is now known as the Peter and Sarah Clayes House. After a top-to-bottom overhaul—updating the infrastructure, roof, and foundation—it stands tall three centuries later. But prior to the recent revamp, the property was best known as a local eyesore, says listing agent David Ferrini. “It was dilapidated, run-down, and overgrown. It was open to the elements and had vines growing out of the roof,” he says. After the most recent owner passed away, the house fell into foreclosure. A lot of work would be needed to get the place into any kind of livable shape, but nothing could start until the legal issues with the home’s creditors were resolved. The lender wound up donating it to a historical society, the Washington Post reported. A trust was formed in 2014 and raised the funds to refurbish the home, and a master builder was secured for the arduous task. The entire project took almost 16 months, and proceeds from the sale will go toward paying back investors and back taxes. Clayes was one of the earliest settlers in the area. She was accused of witchcraft in the Salem witch trials and jailed. Her two sisters, Rebecca Nurse and Mary Easty, were also accused and lost their lives as a result. Clayes managed to escape jail and left Salem for good, according to the Framingham History Center. She, along with her husband and other family members, built new lives and new homes in the Framingham area. The home is made up of three combined structures, for a total of 4,253 square feet, five bedrooms, and 2.5 bathrooms, including a newly redone master suite. The painstaking work included refinishing, rejuvenating, and restoring the wide plank floors, which are mostly original. The walls were replastered to their original look. Intricate stencil work—decorative wall decor from the house’s early days—was uncovered. All the windows and doors were replaced. While care was taken to preserve the historic aspects of the home, it’s surprisingly modern in comfort and amenities. The all-new, black and white kitchen has easy access to the mudroom, laundry, and a back porch. There’s a formal dining room, a living room, and study on the ground floor. Up one level, you’ll find the master suite with a walk-in dressing room and closet, as well as a new bathroom. Four additional bedrooms upstairs share a bathroom and walk-in linen closet. There are ample closets and nooks, in addition to a full walk-up attic, a surprising amount of storage for a home from the 1700s. Other details include three functioning staircases, multiple fireplaces, exposed brick, and decorative windows in the stairwell, and decorative moldings throughout the home. System updates include all-new electrical, plumbing, HVAC, and septic. There’s also an oversized, attached garage with an unfinished room above. The hubbub around the home seems to suggest that plenty of people are curious about the revamped home with a storied past. An open house was overrun with potential buyers. “People love a story. It happens to couple with a stunning house. It is being received as a beautiful, livable property,” says Ferrini. In addition, a buyer will instantly acquire a slice of local history. “The city of Framingham will deem this house an individual historic district when it transfers,”says Ferrini. The post Restored Colonial With Ties to Salem Witch Trials Lists for $975K appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/unique-homes/restored-colonial-tied-to-salem-witch-trials/ |
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