Gay Realty Network

Real Estate News With a Gay Slant

Featured Gay Real Estate Agent: Kirk Dahle, San Francisco, California

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Kirk Dahle, Gay San Francisco Real Estate AgentPeriodically 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.

Kirk works hard for his clients, and uses his intuitive nature to provide fantastic customer service. Kirk’s previous clients have described him as ‘going above and beyond or ‘knowing all of our needs and far exceeding our expectations.

See Kirk’s Expanded Listing on Gay Realty Network Here

Gay Friendly Realtors and Real Estate Professionals in San Francisco

San Francisco, Portland, and Austin Top Metro Areas With Most LGBT Residents

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GallupPop

The San Francisco metropolitan area has the highest percentage of the adult population who identify as LGBT of any of the top 50 U.S. metropolitan areas, followed by Portland, Oregon, and Austin, Texas. Variation in the percentage who identify as LGBT across the largest metro areas is relatively narrow, with San Francisco’s percentage just 2.6 percentage points higher than the national average of 3.6%, and the lowest-ranked metro area — Birmingham, Alabama — one point below the national average.

The top 10 includes metro areas from every region of the country except the Midwest. Given the long history of a visible and politically active LGBT community in San Francisco, the city’s ranking at the top of this list is not surprising. Similar to San Francisco, Metropolitan Statistical Areas (MSAs) like Portland, Seattle and Los Angeles in the West, and Boston in the Northeast, are known for their progressive social and political climates and active LGBT communities. Hartford is the capital of Connecticut, which has permitted same-sex couples to legally marry longer than every state except Massachusetts.

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 Joe.My.God

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

New Report: SF Inventory Keeps Getting Lower as Prices Soar

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A gradual decline in inventory has contributed to the increase in overbidding among buyers, according to a new report from Paragon Real Estate. The real-estate firm tallied the number of homes, co-ops, TICs, condos and even 2-4-unit buildings listed on the MLS, starting just before the market recovery began in 2012. It found that while listings consistently peak in the spring and autumn, and plummet around the December holidays, those peaks and valleys have been sinking lower and lower over the past few years.

Paragon Report

The reduced inventory (as well as a widespread underpricing strategy by local realtors) has led motivated buyers to bid considerably over the asking price for the vast majority of S.F. sales. Paragon’s figures show that February 2015\0x2032s sales prices were an average of 8% higher than asking prices overall, with single-family homes selling for 12% over asking, condos averaging 7% over, and 2-4 unit buildings 2% over asking. “Houses are becoming a smaller and smaller percentage of city home sales (since virtually no new ones are being built), which has generally made them the most competitive market segment,” according to the report.

Now for some (slightly) good news for buyers: Paragon claims that even in this hot market a good 20%-30% of homes are price reduced before selling or are so overpriced they are removed from the market without a sale taking place. Now for more bad news: the less expensive the home, the bigger the buyer frenzy. “Right now, more affordable homes–for example, condos under $1 million–appear to be in particularly high demand,” according to the report.

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 Emily Landes – See the Full Story at SFGate

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

It’s Now Cheaper to Buy a Castle Than a San Francisco Condo

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Castle - Via Moulin

Hey, did you know housing cost in San Francisco is really high? Of course you did — you live here.

But, did you know that the mortgage is so damn high that it is possible to find a castle in Europe that is less expensive than some condos in San Francisco? Did you know that someone found FIVE castles that are cheaper than flats in the city?

And these castles aren’t exactly fixer-uppers either — these are liveable, go-ahead-and-fill-the-moat, literally-fit-for-a-king residences that you can actually move into.

So, if you’re thinking (and capable) of throwing down a few mil on a new house in the city, think about buying this sweet 45-bedroom castle in the Belgian Ardennes instead. You can actually do that.

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 Alyssa Pereira – See the Full Story at CBS Local

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

The Difference an Hour Makes

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Prices Up, Sales Down in San Francisco

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San FranciscoLast month, the number of Bay Area home sales slowed to a crawl and hit its lowest level since the recession in 2008, according to the latest report from DataQuick. A slowdown is normal for January, but even compared with January 2014, sales are down, dropping 5.5 percent to a seven-year low of 4,439 houses and condos for the whole Bay Area. Meanwhile, the median price paid is still climbing; it rose 9 percent year over year to reach $572,000, compared with $525,000 last January. In fact, last month was our 34th month straight of a year-over-year price gains. Small consolation: Price growth has slowed since January 2014, when median prices had increased a whopping 26.5 percent over January 2013. At least we’ve dropped to single-digit price hikes! Woohoo.

In San Francisco proper, at least, this January’s prices are pretty flat compared with last year’s. The median sale price is up just $1,000 from January 2014, standing at $885,500. Sonoma, Napa, and Marin saw the highest year-over-year price increases, of 11 percent, 9.5 percent, and 9 percent, respectively.

Absentee buyers (mostly investors) accounted for 21 percent of Bay Area homes in January, down from 24.5 percent in January 2014.

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 Lamar Anderson – See the Full Story at Curbed

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

Where Are Mortgage Rates Headed?

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The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where rates are headed when deciding to buy now or wait until next year. Below is a chart created using Freddie Mac’s February 2015 U.S. Economic & Housing Marketing Outlook. As you can see interest rates are projected to increase steadily over the course of 2015.

How Will This Impact Your Mortgage Payment?

Depending on the amount of the loan that you secure, a half of a percent (.5%) increase in interest rate can increase your monthly mortgage payment significantly. Research released by Zillow touched on this point:

“As rates rise, new home buyers will confront higher financing costs and monthly mortgage payments. For many, this will mean tightening their budgets and sacrificing some luxuries they may take for granted today.”

The experts predict that home prices will appreciate by 4.4% over the course of 2015. If both predictions become reality, families would wind up paying considerably more for their home.

Bottom Line

Even a small increase in interest rate can impact your family’s wealth. Meet with a local real estate professional to evaluate your ability to purchase your dream home.

Featured Gay Real Estate Agent: Eric Greene, Long Beach, California

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Eric Greene - Long BeachPeriodically 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.

Gay Long Beach Real Estate Agent – Experienced Long Beach/Orange County Realtor providing outstanding service and area knowledge

See Eric’s Expanded Listing on Gay Realty Network Here

Gay Friendly Realtors and Real Estate Professionals in the Greater Los Angeles Area

As California Home Sales Fall, Prices Go Up

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San Francisco HomeCalifornia home sales were down last month, plunging to the lowest level seen in January in seven years in the San Francisco Bay area, a research firm said Wednesday. But prices are still up over the same period last year.

An estimated 25,325 new and resale houses and condos sold in California – marking a 30.6 percent decline from the number sold the previous month and a 2 percent drop from January 2014 sales, according to data released by Irvine-based CoreLogic DataQuick.

The median price paid for a home in California of $376,000 was 6.5 percent above what it was a year ago but slightly less than it was in December.

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 KCRA

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

Leather Themed Parklet Planned in San Francisco

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San Francisco Leather ParkletThe city of San Francisco is in early talks about the creation of a small park located near the site of city’s old Eagle Tavern that would be inspired by and dedicated to the queer leather community. “Eagle Plaza,” as its being called now, would be located in the heart of the city’s South of Market neighborhood, repurposing sections of Harrison and Bernice streets.

More green space the park, Eagle Plaza would become an official LGBT cultural heritage landmark and feature gathering public gathering spaces, a jungle gym, and an area for food trucks.

“There is a lack of public space like this in this area. It is very much needed,” neighborhood bar owner Alex Montiel explained to the Bay Area Reporter. “Something like this is very much needed for anybody who lives around here. There are no parks nearby.”

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 Charles Pulliam-Moore – See the Full Story at Towleroad

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