Gay Realty Network

Real Estate News With a Gay Slant

Prices Surging for Philly Home Sales

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Philadelphia Real Estate

Home values in a highly competitive Philadelphia Real Estate market – newly reclassified by the real estate search engine Zillow as “very hot” – finished the first quarter of 2016 higher than the peak the Philadelphia Real Estate market reached just before the housing bubble burst in 2007.

“[This] implies that all of the losses in house values due to the bubble’s deflation and subsequent recession have now been recovered. The average Philadelphia home has achieved a new all-time high in value,” said Kevin Gillen, chief economist for Meyers Research and senior research fellow at Drexel University’s Lindy Institute for Urban Innovation.

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 Alan J. Heavens
See the Full Story at Philly.com

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

Why Washington DC is the Best City for Gays

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Victory_Fund_National_Champagne_Brunch_and_Stonewall_Kickball_and_Wilson_Phillips_and_Dupont_Circle_split_insert_c_Washington_Blade_by_Michael_Key

New York? Yawn. San Francisco? It’s been overrun by tech junkies. Chicago? Might as well be Shreveport.

The jury is officially in, via my Facebook page, and Washington, D.C., has been declared the best city to be gay. But what makes our nation’s capital the ideal urban fruitopia for the LGBT community? Succinctly, today’s Washington is the perfect coming together of vibrant neighborhoods, good restaurants, nightlife, events and cute guys.

Gay sports leagues, happy hours, a growing theater scene — all of this gives D.C. a certain gay camaraderie that other cities seem to lack. Plus, this city makes brunching an Olympic sport. Here are nine reasons of why you shouldn’t waste your time with any other city.

#9 There Are More of Us Here. There’s no denying that. Even though we aren’t a state, yet, D.C. has the largest percentage of gays and lesbians in the United States. Bringing up the rear, so to speak, North Dakota.

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 Brock Thompson
See the Full Story at The Washington Blade

Click here for gay realtors, mortgage lenders, and other real estate professionals in Washington DC

Seven of the World’s Tallest Skyscrapers

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Nordstrom Supertall

As far as modern living goes, building higher and higher is one the trend du jour, with developers trying to (literally) outreach each other with every new project.

From Dubai to Hong Kong, the trend to build high has originated some stunning designs with even more stunning views from the apartments.

While London is currently set to be home to Western Europe’s tallest residential tower, it’s nearly certain Hertsmere House won’t be the last attempt at breaking that mark.

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 Stefanie Gerdes
See the Full Story at Gay Star News

LGBTI Community More Likely to Buy or Sell Homes

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PollLGBTI people are far more likely to buy or sell a home than their straight counterparts, new research reveals.

In a representative study Emerald Life, the UK’s first full-service insurance provider for the LGBTI community, asked 2,023 adults about their plans for the next six months; their results were then compared to a sample of straight people.

As it turns out, in a property-obsessed country, the LGBTI community is a major force on the property market. Of the surveyed adults, 15% said they’re planning on buying or selling a home in the next half year – nearly 50% more than in the straight group, where 9% said the same.

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 Stefanie Gerdes
See the Full Story at Gay Star News

Is San Francisco Market Slowing Down?

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San Francisco Real EstateThat sound you hear may be some air finally escaping from the inflated San Francisco real estate market.

Home prices in the San Francisco Bay Area fell by 1.8% year-over-year in March, the first such drop in four years, according to Redfin , a Seattle-based real estate brokerage. “For years, San Francisco has been one of — if not the most — competitive markets in the country,” said Redfin chief economist Nela Richardson. “Now we are seeing this white-hot market start to cool and contract,” she said. Richardson noted that the share of Redfin properties facing multiple offers by buyers dropped to 77% in March from 94% compared to a year ago, Richardson added. “This suggests that the price drop is not about inventory, it’s about buyers fed up with high Bay Area prices and crazy competition,” she said.

In the city of San Francisco, the median value of homes has skyrocketed, from $670,000 at the beginning of 2012 to $1.12 million in April , a gain of more than 67%, according to Zillow.com, which puts the gain in the past year alone at 11%, though down from its year-over-year estimate of 14% in February. Last fall, a derelict two-bedroom, one-bath earthquake shack, built in the aftermath of the 1906 earthquake, sold for more than $400,000, 17% above its asking price. In addition, a similar fixer-upper along San Francisco’s famed Great Highway overlooking the Pacific Ocean, within walking distance of the city zoo and Golden Gate Park, sold for $1.2 million.

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 Daniel Goldstein
See the Full Story at Yahoo Finance

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

US Luxury House Market in a Slump?

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432 Park Avenue in New York CityThe luxury housing market is in a slump, with prices falling 1.1 percent in the first quarter of 2016 compared to the year-ago period, according to a new report from Redfin.

Aside from a positive blip in 2015’s fourth quarter, the market has been slowing since the third quarter of 2014, so the drop is not terribly surprising. With prices falling, buyers are taking advantage, and several cities are proving themselves as viable luxury hubs for the future.

“The global economy has been sputtering with troubles in China, Brazil and Europe,” said Nela Richardson, chief economist at Redfin. “The relative weakness of other currencies compared to the U.S. dollar has dissuaded many foreign buyers from purchasing luxury real estate in the States.

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 Fprest Cardamenis
See the Full Story at Luxury Daily

Bonnie Roseman, Lesbian Portland Real Estate Agent

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Bonnie Roseman, Lesbian Portland 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:

For over two decades I have worked with home buyers and sellers in the vibrant, close-in neighborhoods of Portland, Oregon — and I still love it!

Wearing many hats, from advisor to tour guide, from consultant to negotiator, providing perfectly personalized service to each client is my standard.

Specializing in Portland’s older homes, thoughtful infill and small plexes, I will help you find just the right spot to call home. When it is time to sell, I will assist you in setting up your Portland home for the best market experience possible, offering advice about repairs, staging and more…

I love meeting new people, especially getting to guide relocating clients around Portland’s real estate market, as well as the many folks I have helped over and again, such as Anne, who recently posted,

“Bonnie is an excellent person to work with. She’s interested first and foremost in the needs of her clients, so she takes the time to get to know you. We’ve used her for purchasing two houses and selling one. Hopefully we’re in our present house to stay, but we’d hire her again in a heartbeat and have recommended her to many friends. Top-notch for sure!”

I am grateful to have the opportunity to work with so many wonderful people! I am looking forward to hearing from you.

See Bonnie’s Expanded Listing on Gay Realty Network Here

Gay Friendly Realtors and Real Estate Professionals in Oregon

More San Francisco Homes Sit Unsold As Inventory Grows

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San Francisco Real EstateIt’s the news buyers have been waiting for: San Francisco’s crazy competitive market appears to be slowing down. According to SocketSite, the inventory of unsold homes on the market in mid-April is at its highest point in four years.

“The inventory of unsold homes listed for sale in San Francisco ticked up to 615 over the past week and is now running 40 percent higher versus the same time last year, the greatest year-over-year increase we’ve recorded since 2010 and the highest mid-April inventory level since 2012,” said the post.

The site broke down the market into single-family homes and condos, finding that the latter had far more inventory. There are 382 condo units on the market, a 53 percent increase over the same time in 2015, and that doesn’t even take into account most of the new-construction units on the market, which don’t necessarily list on the MLS.

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 SF Gate

Click here for gay realtors, mortgage lenders, and other real estate professionals in the SF Bay Area

Is San Francisco’s Market Slowing Down?

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San Francisco Ferry Building

That sound you hear may be some air finally escaping from the inflated San Francisco real estate market.

Home prices in the San Francisco Bay Area fell by 1.8% year-over-year in March, the first such drop in four years, according to Redfin , a Seattle-based real estate brokerage. “For years, San Francisco has been one of — if not the most — competitive markets in the country,” said Redfin chief economist Nela Richardson. “Now we are seeing this white-hot market start to cool and contract,” she said. Richardson noted that the share of Redfin properties facing multiple offers by buyers dropped to 77% in March from 94% compared to a year ago, Richardson added. “This suggests that the price drop is not about inventory, it’s about buyers fed up with high Bay Area prices and crazy competition,” she said.

In the city of San Francisco, the median value of homes has skyrocketed, from $670,000 at the beginning of 2012 to $1.12 million in April , a gain of more than 67%, according to Zillow.com, which puts the gain in the past year alone at 11%, though down from its year-over-year estimate of 14% in February. Last fall, a derelict two-bedroom, one-bath earthquake shack, built in the aftermath of the 1906 earthquake, sold for more than $400,000, 17% above its asking price. In addition, a similar fixer-upper along San Francisco’s famed Great Highway overlooking the Pacific Ocean, within walking distance of the city zoo and Golden Gate Park, sold for $1.2 million.

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 Daniel Goldstein
See the Full Story at Yahoo

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

Billboard Advertises New San Francisco Homes ‘From the Low $1000000s’

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sf billboard

Is this a thing now? Really?:

San Francisco Examiner reporter Joe Fitz Rodriguez tweeted an image of a “hair-raising” billboard he spotted on Ocean Avenue advertising new homes in San Francisco from the low $1,000,000s.

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 Amy Graff
See the Full Story at SFGate

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