New way to sell a home: arrange a sleepover

Best Beach Resort

NEW YORK – Feb. 5, 2014 – Some homebuyers are making an unusual request: They want to spend one night in a listing before they make an offer on it. HGTV’s “Sleep On It,” which follows potential buyers as they stay overnight in two homes – with the sellers’ approval – before deciding which one […]

U.S. home flipping up 16% in 2013

IRVINE, Calif. – Jan. 30, 2014 – RealtyTrac today released its Year-End and Q4 2013 Home Flipping Report. It found 156,862 single-family home flips (a home purchased and subsequently sold again within six months) in 2013, up 16 percent from 2012 and up 114 percent from 2011. Homes flipped in 2013 accounted for 4.6 percent […]

Why Palm Beach, Florida is the ‘New Greenwich’ for Wall Streeters

CASA BRISAS

Behind a semicircular brick drive and a lawn as manicured as a putting green sits a 30,000-square-foot masterpiece of Italian Renaissance architecture called Casa Nana. John Porter, a real estate associate for Corcoran who oversees some of the largest sales in Palm Beach County, Florida, points out the spiral staircase, built by famed 1920s architect […]

2013 new home sales highest in five years

WASHINGTON (AP) – Jan. 27, 2014 – U.S. sales of new homes fell in December for a second consecutive month, but even with the pause at the end of the year, sales for all of 2013 climbed to the highest level in five years. Sales of new homes dropped 7 percent in December to a […]

Why wouldn’t Wall Streeters move to Florida

we stick to a niche and this is why

It’s on a typical cold and white-out day like today when you might be saying: Gee, that DuJour Magazine sure has a point. Now, if I could just find that $1.2 billion I misplaced… In the year-old luxury quarterly’s Winter 2013 edition, there is a piece of unabashed Gatsbysque gloss about Palm Beach County, Fla. […]

The economy has been set free (for now)

businessman-holding-home-key

WASHINGTON – Jan. 13, 2014 – According to Fannie Mae’s Economic & Strategic Research Group, less economic uncertainty about U.S. fiscal and monetary issues lays the foundation for improved private sector activity and accelerated economic growth in 2014. With growing economic momentum – a notable rebound in consumer sentiment following a dip associated with the […]

801 S. County Road Prohibition

black-and-white-wood-bridge-over-sand

This 1929 Maurice Fatio-designed home at 801 S. County Road has a tunnel, crawl spaces and a large storage space — not directly accessible from the house — that allowed the home’s owners to enjoy alcohol without detection, according to a number of sources. Courtesy of the Preservation Foundation of Palm Beach.

What’s happening in real estate

what's-going-on-in-real-estate-market

By Florida Realtors WASHINGTON – Oct. 23, 2013 – Existing-home prices continue to edge up across the country, but sales aren’t keeping pace. Here are five key indicators for the housing market from the National Association of Realtors®’ latest existing-homes report, which reflects September data: Home prices. In September, the median price nationally for an […]

What do luxury buyers want in a home?

What-Do-Luxury-Buyers-Want-In-A-Home

NEW YORK – Sept. 12, 2013 – Luxury homeowners and buyers place a high value on real estate, according to a new survey of 500 luxury homebuyers conducted by Better Homes and Gardens. According to the survey, 75 percent of luxury homebuyers believe homeownership is a sounder investment than the stock market. What’s more, 57 […]

U.S. new home sales up 2.3 percent in April

sale-of-new-homes

By MARTIN CRUTSINGER, Associated Press WASHINGTON (AP) — Sales of new homes rose in April to the second highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering. The Commerce Department says new-home sales rose to a seasonally adjusted annual […]