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Transforming Workspaces: How to Make Your Office Feel Like Home
If you cannot work from home anymore, maybe the best solution is to make the office feel more like a home. Yup, some of the most successful commercial office spaces are being inspired by boutique hotels to create work environments reminiscent of a comfy home. (NY TIMES) 08/19/2024
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Homes in the US in the late 1970s and today
In the late 1970s, the U.S. produced more than 400,000 homes of less than 1,400sf annually, according to Freddie Mac. By 2020, this figure had fallen to 65,000, while the median home size ballooned to 2,300sf. (COMPASS)
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EXTERIOR design keeps expanding
EXTERIOR design keeps expanding as many homeowners and their designers focus as much attention on designing and decorating their outdoor living spaces. Have you noticed how some outdoor furniture is now even more expensive than that placed indoors? (COMPASS)
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Mortgage Update: Slight Rate Drop and Refinance Surge Amidst Purchase Application Decline
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) fell slightly to 6.54% from 6.55%. The refinance share of mortgage activity increased to 48.6% of total applications from 41.7% in the previous week. Applications for a mortgage to purchase a home rose just 3% for the week and were…
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Why You Do Need a Buyer’s Agent: The Hidden Value in Real Estate Transactions
The other day I received a call from a client that reminded me once again just how important it is to have buyer’s representation. This client is very, very smart, incredibly wealthy, and has bought and sold several properties over time. He was represented by a top-notch attorney. He had decided to go and buy…
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30-year fixed-rate mortgage
In November 2018, the US 30-year fixed rate mortgage was almost 5%. That era of 2% mortgage rates was ultra-brief and fueled by a drastic response to COVID-19 to ward off a recession/depression. (WSJ)
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Real Estate has multiple tax advantages
Real Estate has multiple tax advantages: One of them is when you inherit property, the IRS applies a stepped-up basis to that asset. This means, for tax purposes, the base price of the asset resets to its value on the day you inherited it. If you were to hypothetically inherit property and then immediately sell…
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The average size of studio unit
The average size of studio units has shrunk by 54sf to 445sf since 2014, making them 10% smaller today than they were a decade ago. (WSJ) 8/9/2024