Gay Realty Network

Real Estate News With a Gay Slant

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

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

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

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

Why Doesn’t Austin Have a Gayborhood?

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Austin, Texas - Apple Maps

Taken from my story in the Statesman: “You might have heard that Austin could soon join San Francisco, Vancouver, British Columbia, and other cities with a set of rainbow crosswalks.

At first, some business owners in the Warehouse District frowned on the idea, put forth by Austin Pride, to paint the intersection of West Fourth and Colorado streets with a spectrum of colors associated with the gay community.

Yet few opposed the idea after the Austin City Council took up the matter in September. Private dollars would pay to install and maintain the crosswalks. In other cities, the distinctive rainbows — sometimes temporary — have been placed in gay and lesbian neighborhoods. Austin doesn’t have — never had — a true “gayborhood,” defined as a district with a high density of LGBTQ residents, businesses and street life.”

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 Austin 360

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

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

Image via Apple Maps

Is the New York City Real Estate Market a Bubble?

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New York City - Apple Maps

A prominent real estate bigwig caused a stir Thursday by admitting that the New York City residential property market is a big bubble waiting to pop.

“If real estate was a publicly traded company and I could short its stock, I would very happily short 57th Street,” said Ofer Yardeni, CEO at real estate development firm Stonehenge Partners, referring to the stream of high-end towers popping up along 57th St.’s “Billionaires’ Row.”

“The market there has stopped,” he said. “It hasn’t just declined 5% or 10%. It’s just stopped.”

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 Katherine Clarke – See the Full Story at the NY Daily News

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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

Image via Apple Maps

10 Reasons Why San Francisco Is the Best, and Worst Place for Gay Men to Live

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San Francisco City Hall

It’s pretty much an indisputable fact: San Francisco is the best place in the world if you’re a gay man. And not. Except we’re not exactly committed here (surprise, surprise). That’s because while we love San Francisco and totally believe it is the best place to live for gay men, we also think it’s the worst. So here you have it: 10 reasons why San Francisco is the best and worst place for gay men.

Best: Gay Men Are Everywhere

You instantly notice this reality the first time you set foot in the City by the Bay: Gay guys have taken over. And we’re not just the sparkly appendage-sock sporting daddies in the Castro. Gays have infiltrated basically every neighborhood and every profession. Skinny jeans and scarves reign from SOMA to the Presidio, and those “tech bros” you hear about in the news all the time? Yeah, gay. Ready to party with the San Franciscans? Check out the San Francisco City Guide for the watering holes in every neighborhood-and that includes the Peninsula and the East Bay.

Worst: Gay Men Are Everywhere…And They’re Flaky

Sure, there may be 100,000 strong in San Francisco, and that should spell options…but not always. Gay men in San Francisco are always on the lookout for the next best thing.

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 GayCities

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

Featured Gay Real Estate Agent: Russell Orlowski, Knoxville, Tennessee

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Russell Orlowski, Gay Knoxville 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.

Russell has over 11 years of local real estate knowledge in the Knoxville market, and would love to help you buy or sell a home.

See Russell’s Expanded Listing on Gay Realty Network Here

Gay Friendly Realtors and Real Estate Professionals in Tennessee

Portland’s Gay Friendly Pearl District’s Twenty Years of Growth

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The Pearl, Portland

One of our favorite places in the world, The Pearl District in Portland, Oregon, has been growing for twenty years.

Oregon Live has a cool interactive graphic showing its growth.

In 1994, the Portland City Council adopted affordable housing targets for about 250 acres north of downtown dubbed the “River District.” City leaders said they wanted 35 percent of new units to be affordable to individuals or families earning no more than 80 percent of the region’s median. Twenty years later, some 9,200 units have been built, proposed or are under construction. But when the dust settles from the latest construction boom, only 26 percent of new units will meet affordable housing goals. The River District’s affordable housing deficit will stand at about 800 units.

Check it out – if you’ve ever been there, it’s really cool to play with it and see how things have developed.

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 oregon Live

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

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