21
Jan 22

B&A: A 1980s Bathroom Ditches the Yellow But Stays Bright and Cheery for $800


The whole family helped with this renovation!
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21
Jan 22

The Constantly Sold-Out Collapsible Crates That Helped Me Finally Organize My Home Office


Get them while they’re in stock. You never know when they’ll be back!
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21
Jan 22

See How Flippers Enlarged This “One Butt” Kitchen Without Knocking Down Walls


This cramped condo become a bright and modern space.
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21
Jan 22

The 20 Best Places to Buy Chocolates Online for Valentine’s Day


Go ahead and brighten someone’s day (even if that someone is you!)
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21
Jan 22

Rebecca Minkoff Just Launched Her First Home Collection Ever


It’s bursting with fun colors and cool patterns and is as on-trend as you’d expect.
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21
Jan 22

$87 Million European Inspired Estate In Beverly Hills, California (PHOTOS)




















LOCATION: 1420 Davies Drive, Beverly Hills, California

SQUARE FOOTAGE: 21,800

BEDROOMS & BATHROOMS: 8 bedrooms & 14 bathrooms

PRICE: $87,000,000

This 5+ acre European inspired estate is located at 1420 Davies Drive in Beverly Hills, California. It was built in 2004 and boasts a main house and 2-story guest/pool house.

The main house features approximately 21,800 square feet of living space with 8 bedrooms, 14 bathrooms, 2-story foyer with double staircase, formal living & dining rooms, gourmet kitchen, breakfast room, family room with wet bar, billiards room, 2-story library, ballroom, home theater, 4-car garage and more.

Outdoor features include a gated entrance, motor court, terraces/patios, swimming pool with spa, kitchen/BBQ, putting green, chess set, koi pond, fruit & vegetable garden and a tennis court.

It is listed at $87,000,000.

CLICK HERE FOR THE LISTING

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20
Jan 22

13,000 Square Foot European Inspired Home In Dallas, Texas (PHOTOS)



Front Exterior
Living Room
Great Room
Kitchen
Family Room
2-story Library
Master Bedroom
Master Bathroom
Her Master Closet
His Master Closet
2-story Home Theater
2-story Home Theater

LOCATION: 9818 Hathaway Street, Dallas, Texas

SQUARE FOOTAGE: 13,000

BEDROOMS & BATHROOMS: 5 bedrooms & 8 bathrooms

PRICE: $5,950,000

This European inspired home is located at 9818 Hathaway Street in Dallas, Texas and is situated on 2/3 of an acre of land. 

It was built in 2015 and features approximately 13,000 square feet of living space with 5 bedrooms, 5 full and 3 half bathrooms, foyer with staircase, formal living & dining rooms, gourmet kitchen, breakfast room, family room, 2-story library, 2-story home theater, 5-car garage and more.

Outdoor features include a covered balcony, patio and a swimming pool with spa.

It is listed at $5,950,000.

CLICK HERE FOR THE LISTING

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20
Jan 22

Architectural Masterpiece In Palm Desert, California Sells For $42 Million (PHOTOS)




















LOCATION: 706 Summit Cove, Palm Desert, California

SQUARE FOOTAGE: 20,667

BEDROOMS & BATHROOMS: 7 bedrooms & 12 bathrooms

PRICE: Sold for $42,000,000 on 01/19/2022

This amazing Contemporary style hilltop home is located at 706 Summit Cove in Palm Desert, California and is situated on over 7 acres of land. It was owned by Duane Hagadone, who was an American newspaper publisher, urban planner, real estate and land developer. He passed away earlier this year. It was listed in November of 2021 for $49.5 million and sold yesterday for $42 million. Thanks to Leland Brown for the tip!

The glass & stone home was designed by renowned architect Guy Dreier and built in 2007. It features approximately 20,667 square feet of living space with 7 bedrooms, 10 full and 2 half bathrooms, elevator, living & dining rooms, multiple kitchens, office, aquarium with fish & sharks, 12-car garage and much more.

Outdoor features include patios, multiple pools & water features, spa, volleyball court and more.

CLICK HERE FOR THE LISTING

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20
Jan 22

Buyers Want To Know: Why Is Housing Supply Still So Low?

Buyers Want To Know: Why Is Housing Supply Still So Low? | Simplifying The Market

One key question that’s top of mind for homebuyers this year is: why is it so hard to find a house to buy? The truth is, we’re in the ultimate sellers’ market, so real estate is ultra-competitive for buyers right now. The number of buyers searching for a home greatly outweighs how many homes are available for sale.

While low inventory in the housing market isn’t new, it’s a challenge that continues to grow over time. Here’s a look at two reasons why today’s housing supply is low and what that means for you.

1. New Home Construction Fell Behind for Several Years

The graph below shows new home construction for single-family homes over the past five decades, including the long-term average for housing units completed. Builders exceeded that average during the housing bubble (shown in red on the graph). The result was an oversupply of homes on the market, so home values declined. That was one of the factors that led to the housing crash back in 2008.

Since then, the level of new home construction has fallen off. For the last 13 straight years, builders haven’t been able to construct enough homes to meet the historical average (as illustrated in green on the graph). That underbuilding left us with a multi-year inventory deficit going into the pandemic.

Buyers Want To Know: Why Is Housing Supply Still So Low? | Simplifying The Market

2. The Pandemic’s Impact on the Housing Market

Then, when the pandemic hit, it fueled a renewed appreciation and focus on the meaning of home. Having a safe space to live, work, school, and exercise became even more important for Americans throughout the country. So, as mortgage rates dropped to at or below 3%, buyers eagerly entered the market looking to capitalize on those low rates to secure a home that would fulfill their changing needs. At the same time, sellers hesitated to put their houses on the market as concerns about the pandemic mounted.

The result? The number of homes available for sale dropped even further. A recent article from realtor.com explains:

Last month, the number of home listings dropped 26.8% compared with the same time a year earlier. This meant there were about 177,000 fewer homes listed in what’s already typically a slower month due to the holidays and colder weather. . . .”

What Does All of This Mean for You?

For a buyer, low inventory can be a challenge. You want to find the home of your dreams, and you don’t want to settle. But what if there just aren’t that many homes to choose from?

There is some good news. Experts are projecting more homes will soon become available thanks to sellers re-entering the market. Danielle Hale, Chief Economist at realtor.com, shares this hope, but offers perspective:

We expect that we’ll start to see a turnaround and inventory will stabilize and start to go up a little bit in 2022. . . . But that means we’re looking at inventory levels of roughly half of what we saw before the pandemic. For buyers, the market is likely to continue to move fast. If you see a home you like, you want to jump on it right away.

Basically, inventory is still low, even though more homes are coming. But you shouldn’t put your plans on hold because you’re waiting for those additional houses to hit the market.  Instead, stick with your search and persevere through today’s low inventory. You can find your next home if you’re patient and focused.

Remember your goals and why finding a home is so important. Those things should be the driving force behind your search. Share them with your agent and be clear about your priorities. Your trusted advisor is your greatest support as you navigate today’s low housing supply to find the home of your dreams.

Bottom Line 

If you’re planning to buy this year, the key to success will be patience given today’s low inventory. Let’s connect to discuss what’s happening in our area, what homes are available, and why it’s still worthwhile to prioritize your home search today.

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20
Jan 22

B&A: An Added Loft Doubles the Usefulness of This 330 Square Foot Apartment


The room looks unrecognizable and is much more multi-functional.
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