Gay Realty Network

Real Estate News With a Gay Slant

Featured Gay Friendly Realtor: Tim Cardy, Santa Barbara, California

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Tim Cardy, Gay Santa Barbara RealtorPeriodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals.

Allow me to help you find your dream home! We have a wide range of community groups and a strong presence in Santa Barbara.

See Tim’s Expanded Listing on Gay Realty Network Here

Gay Friendly Realtors and Real Estate Professionals in Santa Barbara

Condo Prices Up Again Along the West Coast

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Linea San FranciscoCondominium prices rose again in June in downtown Los Angeles, San Francisco and downtown Seattle, according to The Mark Company’s Condominium Pricing Index.

According to The Mark Company Trend Sheets, the value of new construction condominiums in downtown Los Angeles was up eight percent in June over the previous year. In San Francisco, the value of new construction condos was up 13 percent. In downtown Seattle, it was up 17 percent year over year.

“All three markets face low inventory levels, strong consumer confidence and job growth,” Alan Mark, president of The Mark Company, tells MHN. “The confluence of these factors has resulted in rising prices. Another factor [is] an anticipated rise in interest rates, which could make borrowing more expensive. Buyers don’t want to miss the chance to purchase a home while interest rates are still relatively low.”

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Jeffrey Steele – See the Full Story at MHN Online

Click here for gay realtors, mortgage lenders, and other real estate professionals.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Living in Gay Friendly California

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Gay Long Beach Real EstateLast week, we took a look at the most gay-friendly places to live in the U.S. Today we are zooming in to have a look at California, assuredly a great place for gay people to call home. We reviewed The Human Rights Campaign’s (HRC) “Equality Index” which evaluated 137 U.S. cities from all 50 states as to their LGBT- supportive criteria. Of that bunch, only 11 scored 100 percent on the index, and yes, six of those 11 were located in California.

The 47 standards included such elements as nondiscrimination laws, relationship recognition, employment practices, inclusiveness of city services, law enforcement and municipal leadership. The six California cities to be anointed as deserving a perfect rating were Los Angeles, San Francisco, San Diego, Palm Springs, Long Beach and West Hollywood. Cities receiving A’s but slightly less than perfect scores included Berkeley (95); Sacramento (91) and Oakland (92).

Trulia did a comparable study of gay-friendly communities and broke it down to specifically gay male and lesbian concentrations. San Francisco made both lists, with the Castro district and Noe Valley high on both. As to California venues, Palm Springs and West Hollywood made the gay list; Oakland and Guerneville, Calif. the lesbian one.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Del Phillips – See the Full Story at LGBT Weekly

Click here for gay realtors, mortgage lenders, and other real estate professionals in California.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Dive in with Drake! Long Beach: A Mecca of diversity

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As a native of  Long Beach, Drake Cruz is a Realtor with Keller Williams, who truly believes "there's no place like home!" To learn how he will not only meet, but exceed your expectations, contact Drake at 562-884-9016.

As a native of Long Beach, Drake Cruz is a Realtor with Keller Williams, who truly believes “there’s no place like home!” To learn how he will not only meet, but exceed your expectations, contact Drake at 562-884-9016 or drake@RiveraAndCompany.com.

A Mecca among the gay mega-metropolis makes up the greater Los Angeles area, for years Long Beach has become home to many gays and lesbians who wish to nest near the water. It’s been recognized by USA Today as the most diverse city in the United States – one of the City’s strongest assets. With no official statistics, it is thought to be one of the largest concentrations of gay people in any American city. While the ethnic breakdown is approximately 40-percent Hispanic, 29-percent White, 14-percent Black, 13-percent Asian, and 4-percent all other ethnicities.

Long Beach Pride Parade and Festival is purported to be the second-largest lesbian, gay, bisexual and transgender (LGBT) event in the region, behind West Hollywood’s. While the major event is held annually the third weekend in May, a robust LGBT community makes its presence known not only during this time, but also throughout the year.

At the central core of the Long Beach LGBT community is The LGBTQ Center of Long Beach, which offers many programs and services to provide education about emotional and physical health, housing, cultural and social activities, as well as legal and social justice. Along with several other organizations around town it advocates for the inclusion of all with no judgment or restrictions based on sexual orientation or gender identity and offers countless opportunities to get involved in a thriving community of like-minds.

Several gay-owned businesses have been deeply rooted, with a rich history throughout the city. This is in large part due to the Long Beach Community Business Network, which is more affectionately known as the Long Beach Gay and Lesbian Chamber of Commerce. It’s had a positive impact on the LGBT business and professional community since being established in 1922. This has helped to increase LGBT visibility amongst allies as a powerful economic force within the Greater Long Beach community.

Of course, there is also a nightlife scene most easily found at the watering holes in the Alamitos Beach neighborhood along the Broadway Corridor, but also on tap throughout town. Still, there is more to gay life than parties and chat rooms. Several opportunities to network and meet neighborly friends abound in the many gay and gay-friendly sports clubs found around the 52-square-miles of surf and turf in Long Beach. This includes the Long Beach Frontrunners, Long Beach Grunion Swim Team, Lambda LA/Long Beach Basketball, Long Beach/OC Surf & Sun Softball Association, the Long Beach Gay Bowling League called CAUL and the Gay and Lesbian Tennis Alliance, to name a few.

Undoubtedly the sunny Southern California community of Long Beach is a wonderful place to live for many reasons. One of which is that it allows us to share a common bond forged by our collective and individual drives to be who we really are. Now’s the time to get in on all of the fun that Long Beach has to offer and own your own piece of this beach oasis.

5 Reasons to Sell Now

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Sell-your-house-fast-nutleyMany sellers are still hesitant about putting their house up for sale. Where are prices headed? Where are interest rates headed? Can buyers qualify for a mortgage?  These are all valid questions. However, there are several reasons to sell your home sooner rather than later. Here are 5 reasons to sell now.

1. DEMAND IS STRONG

There is currently a pent-up demand of purchasers as many home buyers pushed off their search this past winter & early spring because of extreme weather. According to the National Association of Realtors (NAR), the number of buyers in the market, which feel off dramatically in December, January and February, has begun to increase again over the last few months. These buyers are ready, willing and able to buy…and are in the market right now!

2. THERE IS LESS COMPETITION NOW

Housing supply is still under the historical number of 6 months’ supply. This means that, in many markets, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory is about to come to market.
There is a pent-up desire for many homeowners to move as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as prices increased over the last eighteen months. Many of these homes will be coming to the market in the near future. Also, new construction of single-family homes is again beginning to increase. A recent study by HarrisPoll revealed that 41% of buyers would prefer to buy a new home while only 21% prefer an existing home (38% had no preference).
The choices buyers have will continue to increase over the next few months. Don’t wait until all this other inventory of homes comes to market before you sell.

3. THE PROCESS WILL BE QUICKER

One of the biggest challenges of the 2014 housing market has been the length of time it takes from contract to closing. Banks are requiring more and more paperwork before approving a mortgage. As the market heats up, banks will be inundated with loan inquiries causing closing timelines to lengthen.  Selling now will make theprocess quicker and simpler.

4. THERE WILL NEVER BE A BETTER TIME TO MOVE-UP

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by over 19% from now to 2018. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30 year housing expense with an interest rate in the low 4’s right now. Rates are projected to be over 5% by the end of next year.

5. IT’S TIME TO MOVE ON WITH YOURLIFE

Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?
Only you know the answers to thequestions above. You have the power to take back control of the situation by putting your home on the market and pricing it so it sells. Perhaps, the time has come for you and your family to move on and start living the life you desire.
That is what is truly important.

Don’t hesitate to contact us with any and all real estate questions. We can be found on the web at www.themoellerteam.com or on Facebook at www.facebook.com/moellerteam

Todd Moeller

Seven Gables Real Estate

Todd@themoellerteam.com

714-404-9540

Next Phase of Castro Sidewalk Project Begins

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Castro ConstructionCrews will be back at it in the Castro next week replacing the sidewalk section adjacent to buildings as work on the second phase of the streetscape project ramps up. As the Bay Area Reporter noted last month, fencing around the newly poured sidewalk extensions along the 400 and 500 blocks of Castro Street came down in early June to provide pedestrian access to the widened pathways.

But due to a late start this winter, crews ran out of time to replace the entire sidewalks by a self-imposed deadline to wrap up work by June 17 so as not to interfere with the Frameline LGBT film festival and Pride activities in the city’s gayborhood.

According to a posting today on a website tracking the project, demolition of the remaining older sections of sidewalk will begin Monday, July 14 on the east side of the 400 block of Castro Street, between 18th and Market streets. This portion of the sidewalk work will be done at night in order to allow for customer access during daytime business hours.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Matthew S. Bajko – See the Full Story at the Bay Area Reporter

Click here for gay realtors, mortgage lenders, and other real estate professionals in San Francisco.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

NAR Reports Reveal Two Reasons to Sell Now

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NAR Reports Reveal Two Reasons to Sell Now

NAR Reports Reveal Reasons to Sell Now | Keeping Current Matters
We all realize that the best time to sell anything is when demand is high and the supply of that item is limited. The last two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that now may be the best time to sell your house. Let’s look at the data covered by the latest Pending Home Sales Report and Existing Home Sales Report.

THE PENDING HOME SALES REPORT

The report announced that pending home sales (homes going into contract) “surged” by 6.1%. The increase was “the largest month-over-month gain since April 2010, when first-time home buyers rushed to sign purchase contracts before a popular tax credit program ended”. Lawrence Yun, NAR’s chief economist, expects improving home sales throughout the rest of the year: “Sales should exceed an annual pace of five million homes in some of the upcoming months behind favorable mortgage rates, more inventory and improved job creation.” TakeawayDemand is beginning to increase dramatically compared to earlier in the year.

THE EXISTING HOME SALES REPORT

The most important data point revealed in the report was not sales but instead the inventory of homes on the market (supply). The report explained:

  • Total housing inventory climbed 2.2% to 2.28 million homes available for sale
  • That represents a 5.6-month supply at the current sales pace
  • Unsold inventory is 6.0% higher than a year ago

There were two more interesting comments made by Yun in the report:

  1. “Rising inventory bodes well for slower price growth and greater affordability, but the amount of homes for sale is still modestly below a balanced market.” In real estate, there is a guideline that often applies. When there is less than 6 months inventory available, we are in a sellers’ market and we will see appreciation. Between 6-7 months is a neutral market where prices will increase at the rate of inflation. More than 7 months inventory means we are in a buyers’ market and should expect depreciation in home values. As Yun notes, we are currently in a sellers’ market (prices still increasing) but are headed to a neutral market.
  2. New home construction is still needed to keep prices and housing supply healthy in the long run.” As new construction begins to be built, there will be increased downward pressure on the prices of existing homes on the market.

Takeaway: Supply is about to increase significantly. The supply of existing homes is already increasing and the number of newly constructed homes is about to increase.

Bottom Line

If you are going to sell, now may be the time.

 

Don’t hesitate to contact us with any and all real estate questions. We can be found on the web at www.themoellerteam.com or on Facebook at www.facebook.com/moellerteam

Todd Moeller

Seven Gables Real Estate

Todd@themoellerteam.com

714-404-9540

Palm Springs Gay Senior Housing Opening This Summer

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Stonewall GardensA new residential complex designed to cater to the needs and issues of LGBT seniors is expected to open this summer in Palm Springs.

Named Stonewall Gardens, the 24-unit assisted-living property will offer resort-style accommodations, a full-time licensed nurse, and a 24-hour professional care staff. With an emphasis on marketing to LGBT residents, but not excluding straight residents, it will be the first complex of its kind in the Coachella Valley.

“There’s a very big need for it,” says Steven Kregel, chief operator officer at Northstar Senior Living, the company that will manage the complex.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Will Dean – See the Full Story at SDGLN

Click here for gay realtors, mortgage lenders, and other real estate professionals.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Castro Gayborhood Sidewalk Project Reaches Halfway Mark

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Castro Rainbow SidewalksThe project to expand sidewalks in the city’s Castro gayborhood reached the halfway mark this week, and San Francisco planners remain hopeful the work will be completed by early October.

Officials had built in a self-imposed deadline of June 17 for construction to wrap on the first phase of the streetscape improvements so as not to interfere with the Frameline LGBT International Film Festival, which opens Thursday night, June 19, and takes over the Castro Theatre for 10 days, or Pride festivities next weekend in the Castro.

Crews from Ghilotti Brothers, the Marin-based contractor that won the bid for the $4 million project, had largely wrapped up their work by Tuesday, June 17. After cleaning the streets and sidewalks Wednesday morning, the company planned to vacate the area by mid-afternoon. Fencing around the newly poured sidewalk extensions along the 400 and 500 blocks of Castro Street came down in early June to provide pedestrian access to the widened pathways. Crews also leveled the street and poured temporary pavement along the two blocks for vehicle access.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Matthew S. Bajko – See the Full Story at the Bay Area Reporter

Click here for gay realtors, mortgage lenders, and other real estate professionals.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Is West Hollywood Boystown Gayborhood Business District Plan Over?

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West Hollywood Boystown Gayborhood

West Hollywood’s Economic Development Department is recommending the city abandon its efforts to organize a business improvement district on the south end of Santa Monica Boulevard. In a report to the City Council, the department noted that the effort to establish a BID is now in its seventh year, and that typically such projects are completed in one to two years…

The area that the Santa Monica BID would have covered is popularly known as “Boystown” for the large number of nightclubs, bars, restaurants and shops that cater to gay customers. The effort to get support for a BID has been complicated, according to some local merchants, because of the intense competition among local bar owners there.

Also, the city already spends hundreds of thousands of dollars to promote gay-oriented events in the area, reducing the need for businesses to spend their own money to promote themselves as do those on Sunset Boulevard and in the Design District. Those events include the annual Go Go Boy Appreciation Day, and the LA Pride Parade and Festival, which costs the city approximately $900,000 a year. The city spent $80,000 to paint the crosswalks at the intersection of Santa Monica and San Vicente boulevards in the rainbow colors that are an emblem of gay liberation.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

See the Full Story at Wehoville.com

Click here for gay realtors, mortgage lenders, and other real estate professionals in LA County.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com