Gay Realty Network

Real Estate News With a Gay Slant

Out Travelers Top 10 US Gayborhoods #5: Hell’s Kitchen, Manhattan

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Hell's Kitchen, Manhattan, New York

We’re counting down the top ten US Gayborhoods, according to Out Traveler. The fifth place finisher is in Manhattran:

5. Hell’s Kitchen (New York City), with 7.74 percent of the vote The restaurants! The bars! The boys! New York is such a mecca it can now claim several gayborhoods (and hasbeen ‘hoods). We don’t love being so close to Times Square, but HK makes us brave the crowds. It’s that happenin’.

Congrats, NYC!

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 Out Traveler

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

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

Out Traveler’s Top 10 US Gayborhoods #9: Dupont Circle

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Logan Circle, Washington DC – Apple Maps

We’re counting down the top ten US Gayborhoods, according to Out Traveler. The tenth place finisher is in Philadelphia:

9. Dupont Circle (Washington, D.C.), with 4.62 percent of the vote Washington has been declared the gayest city in the country by everyone and their gay brother. Its center of LGBT life has a bit of reputation-building before it can compete with the big boys in New York and San Francisco, though.

Congrats, DC!

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 Out Traveler

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

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

Hamburger Mary’s to Take Patio Space in Castro Gayborhood

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The Castro GayborhoodHamburger Mary’s will be returning to San Francisco, the city where the burger chain was launched in 1972. While the original location shuttered in 2001, gay Castro bar owner Les Natali won approval this afternoon (Thursday, December 4) from the city’s planning commission to operate a Hamburger Mary’s in the long vacant Patio Cafe on the 500 block of Castro Street.

The reopening of a restaurant at 531 Castro Street will bring to an end a 12-year saga that saw the storefront sit vacant as Natali battled city officials over a number of zoning issues over the years. Last summer the planning commission signed off on the last of the permits that Natali needed to open an eatery in the space.

But when he opted to team up with the owner’s of Hamburger Mary’s, considered formula retail under city rules, Natali at first fought planning officials over whether he needed a conditional use permit, arguing that the burger joint should not be considered chain retail.

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

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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

Is Sacramento Ready to Grow Up?

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Sacramento Real EstateToday there’s just a fenced-off pit the size of a city block to remind residents of a time when Sacramento’s housing market seemed ready to reach for the sky and draw thousands of upscale buyers to downtown condominiums.

Toward the end of last decade’s housing boom, developers promoted ambitious proposals to raise residential towers that would dwarf the existing skyline and serve notice that Sacramento was becoming a major metropolis.

One developer got far enough along to drive pilings into the dirt for twin 53-story luxury condominium and hotel towers on Capitol Mall. Then, the housing bubble burst, flattening the bevy of high-rise proposals before any actually got off the ground.

In recent months, as the housing market rebounded and plans for a new NBA arena spurred interest in downtown real estate, developers and city officials again have been talking about soaring towers and million-dollar condos with views of the Central Valley.

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 Hudson Sangree – See the Full Story at the Sacramento Bee

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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

US Median Real Estate Price Reaches Six Year High

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San Francisco HomesThe median sales price of U.S. single family homes and condos in October was $193,000, up 2 percent from the previous month and up 16 percent from a year ago to the highest level since September 2008 — a 73-month high, according to a report from real estate information company RealtyTrac Inc., of Irvine.

“This U.S. recovery is largely being driven by investors, and as the lower-priced, often distressed inventory most appealing to investors dries up in a given market, investor activity will slow down in that market and move to other markets with more ideal inventory available,” says Daren Blomquist, vice president at RealtyTrac. “This has created a ripple-effect recovery moving out from traditional investor hot spots such as Phoenix, Atlanta and many California markets and into markets such as Charlotte, Columbus, Dallas and Oklahoma City.”

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 the Central Valley Business Times

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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

Being Transgender Can Block You from Buying a Home – Seriously

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Transgender FlagChristin Scarlett Milloy couldn’t get a mortgage approval, because she couldn’t get a photo ID, because she’s transgender:

I sat on the phone and patiently explained why I can’t provide photo ID. Because I don’t have any. Because the government has destroyed all my previous ID documents and refused to replace them on several occasions. Because I am transgender. Yes, really. No, I don’t think it’s fair, either. Yes, a lot of people are surprised it’s so hard for us, but there it is. No, I really don’t have anything at all. Mmm, OK. Call me back. Goodbye.

We looked into other ways I could prove my identity. It turns out, there aren’t any. What if I show the dozens of letters back and forth between me and the government, where officials explain that my identity is not in question, but they still won’t send me new ID, because I refuse to check “male” on the application form? Apparently that doesn’t count.

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 Andrew Sullivan – See the Full Story at The Dish

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Valuing a High-End Reno

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Renovation - photo by Sammy Dweck

In renovating a home, you must ask yourself several questions: What do I want to do? Is this money well spent for resale, or am I spending it for myself? How long is this going to take? No, how long is this REALLY going to take, and what is the likelihood that I will go crazy in the meantime?

I bought my first home, a pretty one-bedroom co-op about a year and a half ago. I spent about 25 percent more than my original budget because the apartment was so beautiful and had been mostly renovated. I told myself I wouldn’t have to do anything, except maybe remodel that pesky ’80s bisque and linoleum bathroom. Since then, I have installed new lighting just about everywhere, reconfigured the entry to the bedroom, gutted the bathroom, replaced the air compressor, the door knob, the door lock, installed an alarm system and done some insulation and electrical work.

I am not much of a cook. My kitchen is basically a galley behind an arch, where the space between the galley kitchen and the arch is an oddly shaped dead space, separated from the kitchen by a half wall that has a counter neither large enough to cook on or dine at. My friend Gordon Harrison, also a real estate agent, said, “Why don’t you remove that half-wall and make it an eat-in kitchen. Then maybe you’ll actually cook something.”

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 Sammy Dweck- See the Full Story at The Washington Blade

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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

The New Supertall Skyline Coming to Manhattan

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New York Skyline with Super Talls

The New York Daily News has published a recap of Manhattan’s insane boom in skyscraper construction. Embiggen the bottom image for a tally on the coming supertalls, several of which will eclipse the Empire State Building’s 1250 feet.

The supertall in the center of the top image, 111 West 57th, will be the world’s skinniest skyscaper at 1350 feet tall and only 43 feet wide. With only 100 units, most of that tower’s apartments will be floor-through. The building on the far right, One57, was recently completed.

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

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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

When is The Best Time to Buy or Sell A Home?

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Median Sales Price

“Is it a good time to buy real estate?” “Should I sell now while the market is hot?” These are questions that Realtors often hear, much like the doctor’s friends who ask her about a pain in their leg. When I was in real estate school, our instructors told us that the answer to both questions should be the same: “It’s ALWAYS a good time to buy or sell real estate!”

Maybe so, but there are definite seasonal fluctuations in the real estate market that will benefit sellers in some seasons and buyers in other seasons. Let’s consider the chart above, which in part represents data for the number of homes sold in the District and the median sold prices over a seven-year period from 2008-2014. The chart shows that more homes sell for a higher median price during the spring and then again during the fall (but not as many and not for as high a median). In contrast, fewer homes sell during the dead of winter and the summer doldrums, and they sell for lower median prices in those seasons.

Who benefits in the spring and fall markets? Primarily sellers, when their properties command higher prices due to the increased number of buyers looking for homes during nicer weather and before the school year starts. In contrast, buyers will benefit in summer and winter, when there are fewer buyers looking for homes, making sellers more willing to discount their asking prices. Think of it as an inversion of the law of supply and demand: When the supply is high, the demand is high. More homes sell for higher prices when the number of available homes is higher. (It’s important to remember that the trend line for active listings data above will be at least a month ahead of that for closed sales, since sales contracts typically take 30-45 days to close.)

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 Ted Snith – See the Full Story at The Washington Blade

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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

The Case Against Waiting for Spring to Buy Your Home

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FlowersWeek in and week out at our open houses, we hear buyers say they are just scoping out the market and waiting to buy until spring. It’s true, spring is the busiest time of year in the real estate world so there are more listings on the market, but there are also more buyers. More buyers means more competition, making other times of year ripe for a good deal on a house.

While each year is different, spring tends to be more of a seller’s market with multiple bids and escalations for properties in popular areas that are priced right. Summer, fall and winter are typically buyer’s markets where you are rarely in competition with other buyers.

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 Sue Goodhart – See the Full Story at The Washington Blade

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