Real Estate Market News

At the Ritz Residences, Even the Driveway Gets Plastic Surgery

By Candy Evans / July 19, 2012 /

Only at the Ritz would they bring in beauty consultants to give their driveway a good, solid microdermabrasion. This is at Residences Tower I. Turns out last year’s winter freeze left pock-marks on the pavement that were not too pretty, and really chewed up the concrete. Rather than opt for topical coverage — drive-way make-up…

Got Your Heart Set on University Park? Classic Red Brick Colonial Raises Your IQ for Less Than $250 a Square Foot…

By Candy Evans / July 19, 2012 /

I have this theory about red-brick, Ivy League-looking houses: they make you smarter. We really should do an IQ test of children raised in red-brick Georgians with ivy-covered brick: my bet is they would have higher TAG scores and better SATs than kids reared in ranches or mid-century moderns. For one thing, the clean-lined life…

Tell Me Your Real Estate Story: After Remodeling Their Dream Home (Where They Also Got Married!), Dankesreiters Head For The Burbs

By Joanna England / July 18, 2012 /

What happens when you find your dream home, remodel it into your perfect home, and then something happens and you have to move?

It’s a huge struggle, says Duane Dankesreiter.

He and his wife own that gorgeous updated Tudor in Wilshire Heights we featured for our Friday Four Hundred last week. They still love the house (who wouldn’t!?) and are heartbroken about putting it on the market. But, family calls from the suburbs, and they are trying to sell the house they thought they’d stay in forever.

Read on for more …

Have FHA Loans Lost Their Luster? Changes in Mortgage Lending Make Conventional Loans Now a Better Deal

By Candy Evans / July 18, 2012 /

   For decades, it was a pat answer. If the borrower’s home mortgage application had a little ugly around the edges, push them toward an FHA loan. That’s because FHA loans would accept all of the hard cases that made conventional mortgage lenders turn up their noses. From wee down-payments and less-than-pretty credit to iffy…

Richard Malouf’s Water Park COULD Have Been Worse: Could Have Been Lined with Gold, Like Versace’s

By Candy Evans / July 18, 2012 /

Over on SecondShelters.com, our Miami correspondent, Andrea Kavanagh tells us the South Florida market is sizzling — just what I heard at NAREE. It’s from foreigner’s buying up Miami real estate with hard, cold cash. Speaking of cash, Versace said “money was not just no object, it was irrelevant” when he built his waterside mansion…