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  • 10 Fun Facts About Los Angeles: How Well Do You Know Your City?

    10 Fun Facts About Los Angeles: How Well Do You Know Your City?

    There’s no doubt that Los Angeles is one of the most iconic cities in the world. From its sunny weather and palm trees to its red carpets and celebrities, LA is a city that has it all. Whether you’re a long-time resident or a newcomer, check out these 10 fun facts about Los Angeles that you may not know.

    1. The iconic Hollywood sign originally read “Hollywoodland”

    In 1923, the original sign made its debut as a form of promotion for a new housing development in The Hills. The sign was illuminated and only intended to stay up for a year and a half, but it quickly became an iconic landmark and was left for decades to come. The sign began deteriorating and falling apart in the 1940s and was eventually restored in 1978 with more durable materials and a proper structure in place.

    2. LA residents spend over 100 hours in traffic on average each year

    What’s more iconic than the City of Angels? The LA traffic. While it’s no surprise to anyone that Los Angeles has bad traffic, you may find it shocking that drivers in LA will spend over 4 days in traffic a year.

    3. Los Angeles is home to the only solar-powered Ferris wheel

    Located at the Santa Monica Pier, the Pacific Wheel boasts panoramic views of the SoCal coastline and features dazzling lights that light up the pier each night.

    4. Those iconic LA palm trees were actually imported

    Like many of the people living in Los Angeles, most of the palm trees are also transplants to the area. There are a variety of palm tree species throughout LA, but the most prominent are the Mexican fan palms that were imported to the area in the 1930s from Mexico.

    5. The original name for Los Angeles was “El Pueblo de Nuestra Señora la Reina de los Ángeles de Porciúncula”

    This translates to “The Town of Our Lady the Queen of the Angels of Porciúncula,” and was given to the area by the Spanish governor.

    6. Hollywood wasn’t always the entertainment capital

    Today, Hollywood is known for being the film capital of the U.S., but Atlantic City, NJ held this title before LA did. Filmmakers moved as far west as they could to get away from New Jersey resident Thomas Edison and his film patents.

    7. Los Angeles was one of the largest oil producers

    Oil was discovered in LA in the 1890s and by 1923 it produced nearly 1/4th of the oil in the world. Today, Los Angeles is home to the third-largest oil field in the U.S.

    8. LA has hosted the Summer Olympics twice

    The City of Angeles hosted the global event in 1932 and 1984 – it’s one of the few cities in the U.S. to host the Olympics twice. Los Angeles is planned to host the Summer Olympics again for a third time in 2028.

    9. UCLA is the birthplace of the internet

    In 1969, the first message was sent by Professor Leonard Kleinrock from the University of California, Los Angeles campus to Stanford University.

    10. Los Angeles is home to many private, members-only clubs – even for magicians

    The Magic Castle is an exclusive clubhouse for members and their guests only. It hosts several shows, magic classes, and more.

    Mekaila Oaks

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  • Pottery Barn Teen And Pottery Barn Kids Launch A Vintage-Inspired Collection With LoveShackFancy

    Pottery Barn Teen And Pottery Barn Kids Launch A Vintage-Inspired Collection With LoveShackFancy

    Floral pattern devotees will rejoice today with the launch of a collaboration between Pottery Barn Kids, Pottery Barn Teen, and LoveShackFancy, which is a brand that’s surely on its way to iconic status—best known for its gorgeous floral print fashion and home items. The collection features over fifty products from both brands. With a whimsical yet vintage-inspired vibe, these pieces are guaranteed to be coveted by both children and adults alike. The price points are also somewhat accessible for everyone to grab a piece of the collection with kids’ products ranging from $12 to $309, and teens costing from $29.50 to $799.

    The Inspiration Behind The Collaboration

    LoveShackFancy founder Rebecca Hessel Cohen tells me she was inspired to create this line from her own experience as a mom, shopping for two daughters’ bedrooms. “I felt as if there was something missing in the market, and that my favorite florals and whimsical prints were something my girls would’ve loved when they were young and would translate perfectly to a collection for children. A collaboration with Pottery Barn Kids and Pottery Barn Teen is something I have wanted to do for as long as I can remember, as I’ve always admired their quality pieces that last through childhood and beyond and the special memories we’ve created with them.”

    These pieces reflect LoveShackFancy’s signature aesthetic combined with the brand power of Pottery Barn. “The collaboration between our two brands allowed for the perfect mix of charming femininity and quality that our customers expect from both of us,” explains the designer.

    It is also LoveShackFancy’s first and only home furnishings design partnership in the kids and teen market spaces. “With a range of items designed specifically for babies, kids, and teens, we are giving everyone the opportunity to create their dream room in their home that is magical and fun. Most importantly, with this collection, I hope everyone can feel the dreamy spirit of LoveShackFancy within these thoughtfully designed pieces—from the organic bedding to floral backpacks, intricate chandeliers, and more, each item is full of so much love and joy,” shares Cohen.

    Pottery Barn Kids

    The Pottery Barn Kids collection feels as if it was drawn from a fairy tale with a variety of furniture and decor for both kids and babies, perfect for bedrooms and nurseries, such as flower print floral chairs, crib bedding, and accessories such as jewelry displays, backpacks, lunch boxes, and even a charming tea set.

    Still, with so many fantastic pieces available, the wallpaper which is made in both standard and peel-and-stick versions truly stands out. The timeless floral designs complement the rest of the pieces in the collection and create an overall whimsical mood in any room.

    Cohen tells me, “[One of my favorite pieces] from the kids’ collection is probably the Antoinette Tea Set. I have such special memories of hosting tea parties with my own girls, and I love that we created a tea set that makes playtime even more special for other parents and their children.”

    Pottery Barn Teen Collection

    The Pottery Barn Teen collection is just as sweet, but a bit elevated. Adults with traditional or vintage tastes may even want to pick something for themselves. Some key pieces include bedding, which is available up to Queen size, along with a bow mirror and chandelier that look as if they were plucked from an estate sale in the Hamptons.

    As for the designer, choosing just one or two favorite picks is a bit challenging. “A few of my favorites include the Ornate Border Rug and Porcelain Floral Table Lamp. The rug is so soft and durable, perfect for layering and adding warmth and color to any space. The lamp features soft blue flowers and a pretty cream base with elegant, gold detailing to tie it all together. My favorite feature is the delicately embellished roses that line either side, making it neutral enough to work in a variety of different spaces while still being a special piece that is sophisticated enough for teens and adults.”

    Amanda Lauren, Contributor

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  • 10 Boston Fun Facts: How Well Do You Know Your City?

    10 Boston Fun Facts: How Well Do You Know Your City?

    As the oldest town in America, the city of Boston is full of fascinating stories and plenty of “firsts” waiting to be discovered. So whether you’re a newcomer or a longtime resident, impress your friends and family with these must-know Boston fun facts.

    1. The microwave was accidentally invented in Boston

    Raytheon Engineer Percy Spencer invented the microwave in 1945; however, it wasn’t his intention to. He didn’t make the connection to food until he accidentally melted chocolate that was left in his pocket. Raytheon released the first microwave oven in 1947.

    2. The first U.S. lighthouse was built here in 1716

    Located on Little Brewster Island, the historic Boston Light was first lit on September 14, 1716. Although the original lighthouse was partially destroyed when the British took over the island, a new tower was constructed in 1783 and still stands today.

    3. Happy Hour isn’t allowed in Boston

    Throughout a majority of the U.S., “Happy Hour” often includes a range of both food and drink specials. Not in Boston, though. Massachusetts banned time-limited drink specials in 1984 after a string of drunk driving accidents. However, in recent years, there has been a strong push to “bring back Happy Hour” across the state.

    4. The first subway line was created in the 1890s in Boston 

    Built during the second wave of the Industrial Revolution in Massachusetts, this invention helped ease the street congestion Boston was facing. This set the stage for public transportation in America.

    5. You can actually drive 90 feet below the surface of Boston Harbor

    The Ted Williams Tunnel is 1.6 miles long and the deepest vehicular tunnel in North America. It’s named after the Boston Red Sox legend Ted Williams.

    6. The first U.S. college was founded in the Greater Boston area

    Founded in 1636, Harvard University is the “oldest institution of higher education” and is one of the most prestigious universities to this day. It’s located in Cambridge, which is just under twenty minutes outside of downtown Boston.

    7. Over 2 million gallons of molasses flooded the North End in 1919

    This deadly accident took the lives of 21 people, several horses, and injured over 100 others.

    8. The first-ever chocolate factory opened its doors in Boston

    No, it wasn’t Willy Wonka who opened the factory. In 1780, James Baker founded The Baker Chocolate Company and was headquartered in Dorchester, Boston.

    9. In 1990, the world’s largest art heist occurred in Boston

    13 pieces of art were stolen from the Isabella Stewart Gardner Museum in just 81 minutes. The stolen collection is valued at $500 million.

    10. Boston is the only state whose capital is located along a coastline

    The stunning city of Boston boasts 47 miles of ocean coastline. A mix of beaches, bays, harbors, ports, and peninsulas constitute the greater Boston Harbor. Boston is also surrounded by several small islands, such as Long Island and Governors Island.

    Mekaila Oaks

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  • 10 Fun Facts About Washington DC: How Well Do You Know Your City?

    10 Fun Facts About Washington DC: How Well Do You Know Your City?

    If you’re looking for some interesting facts about the United States’ capital city, you’ve come to the right place. Whether you’re a longtime resident of the city or you’re new to the area, this list of fun facts about Washington DC is sure to educate and entertain you. From the city’s founding to its iconic landmarks, there’s plenty to learn about this fascinating city.

    1. The gorgeous cherry blossoms were a gift of friendship from the People of Japan

    In 1912, around 3,000 cherry trees arrived in Washington DC from Japan. Now each spring, beautiful pink cherry blossoms lining the Tidal Basin bloom and draw in both locals and tourists to appreciate the gorgeous scenery. The National Cherry Blossom Festival takes place over four weekends and brings in hundreds of thousands of visitors.

    2. The first President to live in the White House wasn’t George Washington

    The second President of the United States, John Adams, was actually the first to live in the White House. This is because construction of the White House wasn’t finished until a year after George Washington passed.

    3. DC is home to the largest library in the world

    The Library of Congress may only consist of three buildings, but it has the most shelf space and number of volumes than any other library. If English isn’t your native language, don’t worry – around half of the books in the Library are in another language. It also holds the largest rare-book collection in North America, with more than 700,000 volumes. So if you’re a bookworm or a history buff, there’s bound to be something of interest for you here.

    4. Washington, DC is smaller than the smallest state in the country, Rhode Island

    DC is approximately 68 square miles and could actually fit into the state of Rhode Island 22.6 times.

    5. There was a “typo” carved into the Lincoln Memorial

    Instead of carving “FUTURE,” it was misspelled and instead “EUTURE” was chiseled into the monument. Although it has now been corrected, if you look closely, you can see where the mistake was covered up.

    6. DC actually gets more rain than Seattle

    On average, Washington DC gets about 40 inches of rainfall each year, while Seattle averages 38 inches a year.

    7. One of the oldest operating open air fish markets is located at The Wharf

    The Municipal Fish Market opened in 1805 and remains an iconic destination for both tourists and those living in DC. Open daily, the market features a range of seafood vendors offering freshly caught fish, oysters, shrimp, and more. There are nearby plazas and parks, restaurants, and bars at The Wharf to enjoy after shopping around the market.

    8. There are over 70 museums in DC

    Whether you’re intrigued by American history, an arts lover, or both – there’s bound to be a handful of museums that are up your alley in Washington DC. Some of the most visited museums include the National Museum of Natural History, the National Gallery of Art, the National Air and Space Museum, and the United States Holocaust Memorial Museum. You’ll also find interesting museums with unique exhibits and collections, like the International Spy Museum and the National Post Museum.

    9. Although it may look small from afar, the Statue of Freedom is over 19 feet tall and weighs a whopping 15,000 pounds

    On the top of the U.S. Capitol building, you’ll find a bronze statue of a woman wearing a helmet with an eagle head and feathers. While it may look like your average-sized statue, don’t be fooled.

    10. The Washington Monument was the tallest building in the world from 1884 to 1889

    When it was first constructed, it became the tallest structure in the world, but that title only lasted about five years until the Eiffel Tower was built. Another interesting fact about the Washington Monument is that it’s actually two colors. It was constructed in two phases and once they began the second phase, nearly two decades later, they weren’t able to match the quarry stone. So, you’ll notice that the monument is a lighter shade at the bottom and darker at the top.

    Mekaila Oaks

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  • Bring Hygge Home With These 6 Interior Design Tips – Sotheby´s International Realty | Blog

    Bring Hygge Home With These 6 Interior Design Tips – Sotheby´s International Realty | Blog

    Barcelona & Costa Brava Sotheby’s International Realty

    It’s no coincidence that the word hygge sounds a lot like “hug” when pronounced correctly—“hoo-gah”. The concept is Scandinavian in origin, though Denmark is the nation that elevated it to aspirational lifestyle status. Fittingly enough, hygge-centric designs often create spaces that feel like a warm embrace, fostering a sense of coziness and conviviality along with feelings of wholeness and well-being.

    Naturally, designers and decorators all over the world turn their attention to hygge in the winter months, when comfiness comes at a premium. But for Danes, every season is an opportunity to live the hygge life. Here are six ways to incorporate this style and spirit authentically into your abode.

    The First Rule of Hygge: Togetherness

    As a noun, hygge is a state of being and a state of mind; in Danish, familiehygge is quality time spent with relatives. As an adjective, it’s a descriptor of something that brings joy; hyggesnak is lighthearted chatter, for example.

    Steiger & Cie Sotheby’s International Realty

    It’s therefore suitable that the prime principle of hygge design is congregation, with an emphasis on comfortable furniture where people can relax together. That’s certainly the vibe in this contemporary chalet, set amid the Swiss Alps, where the high ceilings, natural surfaces, and ambient light also take visual cues from hygge.

    The Second Rule of Hygge: Fabrics

    An enfolding sense of softness is another crucial factor in hygge design. Essential elements include rugs and carpets, cushions and pillows, and throws and blankets.

    Marco De Biasi – Italy Sotheby’s International Realty

    In true Scandinavian style, sumptuous softness and practical minimalism are often juxtaposed—simple luxuries achieved via simple materials. This villa in Padua serves as a showcase, with ample bedding and draping set amid spare wooden architecture and furniture.

    The Third Rule of Hygge: Ambient Light

    Two types of light are fundamental to a hygge aesthetic: firelight and natural light. The former can come from a hearth—one the most hygge landmarks in the home—or from candles. The latter can come from large windows, which can impart a connection to nature within the home.

    Serena Boardman – Sotheby’s International Realty – East Side Manhattan Brokerage

    The mood in this historic Upper East Side townhouse is uniquely hygge. A modern renovation has replaced the living room wall with a pristine pane of glass and expansive window seating overlooking the garden, while the refinished mantle remains a central gathering space where a game of chess awaits.

    The Fourth Rule of Hygge: Organics

    As mentioned, natural textures, fibers, and materials are a hallmark of hygge. Wood, stone, ceramic, and wool can all help create this look.

    Barcelona & Costa Brava Sotheby’s International Realty

    But materials aren’t the only organics at the heart of hygge. The ethos of hygge also applies to rediscovering the wonders of analog living, like switching off electronics in order to enjoy life’s simple pleasures. By extension, “organic” also refers to eating; high-quality comfort food, with lots of homemade stew and pastries, represents peak hygge. It’s the main reason to pay attention to the kitchen during a hygge-themed redesign, as demonstrated by this magnificent farmhouse in Costa Brava.

    The Fifth Rule of Hygge: Soft Colors

    Serene settings are often crafted through neutral colors. This has long been practiced in Scandinavian design and decor, so it’s no surprise to see it in hygge homes optimized for peace and wellness. However, neutrals shouldn’t be limited to whites, browns, creams, and beiges.

    Daniela Sprea – Italy Sotheby’s International Realty

    Soft colors, like soft surfaces, instill a sense of bliss and harmony. Pale pastel greens, blues, and pinks, as well as naturalistic patterns such as botanicals, can lend visual inspiration and stimulation. This villa in Lucca’s pastoral hills provides a gorgeous hygge lookbook, with mixed prints and hues that are indulgent without being overwhelming.

    The Sixth Rule of Hygge: The Nook

    Finally, there’s a word in Danish that describes the ideal snug space: hyggekrog. The most accurate translation for it might be “cozy nook”—something all homes should have at least one of.

    Deborah Srb – Sotheby’s International Realty – Southampton Brokerage

    A sheltered corner with a domed or vaulted canopy, a loft-like atmosphere, a scenic window, and a beloved chair and blanket are all necessary to complete the true hygge experience. It’s hard to compete with the nook in this chateau-style beach house, located in Moriches across from the Hamptons.

    Any home can be hygge. As Danish people consistently rank among the world’s happiest, perhaps all homes should be. With that in mind, simply abide by these six design directions and cultivate a space that doesn’t just spark comfort, but continuously kindles and nourishes it.

    Still can’t shake wintery feelings of cold? Dive deeper into how to stay snug during the darkest months of the year with this design mood board.

    Melissa Couch

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  • Single-family sector lone bright spot as permits fall

    Single-family sector lone bright spot as permits fall

    New markets require new approaches and tactics. Experts and industry leaders take the stage at Inman Connect New York in January to help navigate the market shift — and prepare for the next one. Meet the moment and join us. Register here.

    Housing starts, permits and completions all posted declines in December with increased production of single-family homes the lone bright spot for the month, according to data released Thursday by the U.S. Census Bureau.

    Housing starts clocked in at a seasonally adjusted annual rate of 1,382,000, according to the census bureau, 1.4 percent below the levels recorded in November and 21.8 percent below the numbers seen in December 2021. An estimated 1,553,300 housing units were started in 2022, the report said, 3 percent lower than the 2021 rate of 1,601,000.

    Housing starts for single-family homes proved to be a bright spot, increasing by 11.3 percent from November while multifamily starts decreased by 19 percent to a pace of 473,000.

    The amount of new housing units authorized by building permits fell 1.6 percent to a seasonally adjusted annual rate of 1,330,000, which was 29.9 percent below the December 2021 rate of 1,896,000. Throughout all of 2022, an estimated 1,649,400 housing units were authorized by building permits, 5 percent below their 2021 levels.

    Housing completions in December were at an annual rate of 1,411,000 8.4 percent below the November estimate of 1,540,000, but 6.4 percent above their December 2021 levels. 2022 saw an estimated  1,392,300 housing units completed, 3.8 percent above the 2021 figure of 1,341,000 according to the Census Bureau.

    Despite the promising increase in single-family home production, some experts expected the slowdown in production to last through 2023.

    “Even though single-family starts are up on a monthly basis, permits indicate that the housing market will slow down further in 2023,” Jerry Konter, chairman of the National Association of Home Builders said in a statement. “We expect a sustainable decline for mortgage rates in the second half of this year, which should lead to a housing recovery in 2024.”

    NAHB officials pointed to the decline in permitting as evidence that a further drop in housing starts is on the horizon, as builders respond to declining housing demand due to high mortgage interest rates.

    “The decline in single-family permits indicates that builders are slowing construction activity as interest rates have spiked in recent months,” Danushka Nanayakkara-Skillington, NAHB’s assistant vice president for forecasting and analysis said in a statement.“Starts began on a strong footing in early 2022 but fell back in the latter part of the year as higher costs led to a pause in home building activity and affordability conditions worsened for home buyers.”

    Email Ben Verde

    Ben Verde

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  • Coxsackie, N.Y.: ‘A Special Place on the Hudson’

    Coxsackie, N.Y.: ‘A Special Place on the Hudson’

    Joel Readence fell in love with the house first.

    In May 2021, Mr. Readence, 51, and his partner, Matt Berdine, 46, a sourcing manager for a clothing manufacturer, paid $407,000 for an artfully renovated, three-bedroom antique house with Hudson River views in the Greene County town of Coxsackie, N.Y.

    “I didn’t find Coxsackie — I found the house,” said Mr. Readence, an executive coach for a large consulting firm, who now splits his time between Williamsburg, Brooklyn, and Coxsackie. “After sheltering for four months in an 800-square-foot apartment with my partner and our dog, I was on Zillow looking for places in the upstate area. When we saw the cottage and the town and learned a little more about it, it was really appealing to be a part of its renaissance.”

    Perched on the west bank of the Hudson River, about 25 miles south of Albany, Coxsackie covers roughly 37 square miles — including an eponymous 2.17-square-mile village — with a population of 8,382, according to the 2020 census. The nearly five-acre Riverside Park, adjacent to the downtown area, offers stunning views.

    “You just have beautiful, open park space and the most pristine riverfront,” said Aaron Flach, 47, a developer and a Coxsackie native. “It’s a beautiful natural landscape that sets us apart from any other community.”

    Just a few years ago, Coxsackie’s historic downtown was pocked with boarded-up buildings. Now the Reed Street Historic District has boutique businesses like the Reed Street Bottle Shop and the antiques store UnQuiet. On a six-acre riverside site, Mr. Flach is building a $15 million hospitality project that includes a 47-room hotel with a top-floor restaurant and deck, and a spa inside a restored electric light station. Last November, he opened a 13,000-square-foot event space in a 1906 factory adjoining the hotel site, with a glass atrium overlooking the river. Called The Wire, after the wire manufacturer that once owned the building, it has 27 events booked so far in 2023.

    The New York State Office of Parks, Recreation and Historic Preservation recently made $3.2 million worth of improvements to Riverside Park, including the construction of a pavilion and renovations to the boat launch. And in 2021, the state’s Main Street grant program awarded $347,000 to the Reed Street Historic District to help preserve and protect its buildings.

    “Between Mr. Flach’s project and the park, our entire riverfront area will have been renovated,” said Mark Evans, 57, a Coxsackie native who has been the mayor of the village since 2009. “It’s a special place on the Hudson.”

    Mr. Flach, he added, is renovating buildings that “had been vacant since I was a kid.”

    The boutique shops popping up in historic buildings near the waterfront have helped the area approach “critical mass,” said Sarah Gray Miller, 51, a former magazine editor and self-described “mad collector” from Natchez, Miss., who opened UnQuiet in December 2021 after selling her house in nearby Athens, N.Y.

    Her store occupies a 2,400-square-foot, late-19th-century brick building, once the site of a firehouse and a jail, which Ms. Miller rents for $2,500 a month.

    Ms. Miller began serving customers wine on Saturday afternoons and soon found herself holding a regular B.Y.O.B. gathering that evolved into a plan to open a bar with Mark Deubert, a fourth-generation Coxsackie resident. Named Ravish Liquors, after a neon sign Ms. Miller found at a Hudson, N.Y., flea market, it is expected to open this month with a Southern bar-food menu that includes crawfish étouffée.

    Coxsackie “is a very civilized place,” Ms. Miller said. “It’s incredibly welcoming to all the outsiders moving in. It does not have the same us-versus-them mentality that you see elsewhere in Greene County.”

    Mr. Flach bought the waterfront property he is developing from the Twelve Tribes — a fundamentalist Christian sect that runs a chain of cafes called the Yellow Deli, including one in downtown Coxsackie — for $1 million, along with an 1860s opera house where he plans to create first-floor retail space and 10 apartments. “This is a huge project for such a small community,” said Mr. Flach, who’s aiming to open the hotel on June 1. “I want to develop a level of vibrancy for the downtown that will bring tourists to the area and support local businesses.”

    He also owns more than 100 apartments in town, including two historic brick buildings from the 1880s, and said they are all occupied, with waiting lists.

    Historic homes predominate in the village. Outside the village, Coxsackie’s architecture is a mix of styles, with a number of Greek Revival farmhouses reflecting the area’s agrarian past.

    The Reed Street Historic District consists of two- and three-story Italianate brick buildings from the mid-1800s, many painted in soft pastels. Small shops that recently have sprung up include Mansion + Reed General Store, which offers specialty groceries, espresso and pastries; Shipwrecked News, Books & Café, which sells sandwiches, homemade bagels, used books, and just received a liquor license; and, a few doors down, the Reed Street Bottle Shop, which carries local wines and spirits, as well as T-shirts and coffee mugs emblazoned with the phonetic spelling of the town’s often mispronounced name: “cook-SAH-kie.”

    Susan Baldaserini, an owner of the wine shop and a graphic artist, designed the shirts and mugs. “Now a weekend doesn’t go by where I don’t hear someone in the shop saying, ‘Oh, that’s how you say it,’” she said.

    In 2015, when Ms. Baldaserini, 43, and her boyfriend and business partner, Shai Kessler, 45, were living in Red Hook, Brooklyn, they bought a weekend house in the neighboring town of New Baltimore. They moved upstate full-time in 2016 to open the wine shop. The following year, Ms. Baldaserini opened Pilothouse Paper, a stationery store that doubles as her graphic-design studio, across the street.

    “A lot of people travel up and down 9W without ever knowing Reed Street exists, but if you get the hot tip to turn off 9W and onto Reed Street, it’s truly charming and idyllic,” she said.

    As Coxsackie’s profile has risen, so have its home prices. The median sale price for a single-family home in 2022 was $291,000 — a jump of nearly 22 percent (from $239,000) in 2021, and nearly 53 percent (from $190,500) in 2019. It was more than the $285,000 median sale price in Catskill, and less than the $329,500 median in Athens, according to the Columbia Greene Board of Realtors.

    Taxes are relatively low. The average county, town and school tax bill for 2021 was about $4,443 for town residents and $6,188 for village residents, said Raymond Ward, the director of real property tax services for Greene County.

    In mid-January, Zillow showed six single-family homes for sale in Coxsackie, from a three-bedroom ranch on 0.23 acres, listed for $189,100, to a six-bedroom home on 9.33 acres along the Hudson River, listed for $899,000.

    “What I’ve been seeing is the people who are interested in being full-time also want to either open up a business here or do a satellite of what they’re already doing in the city,” said Dave Merchant, a Coxsackie native and a real estate agent at Keller Williams Hudson Valley North.

    Amy Bennett, who owns two businesses in Fort Greene, Brooklyn, is shopping for commercial space in Coxsackie to open a farm stand. She splits her time between her Fort Greene brownstone and her Coxsackie house, but plans to spend most of her time upstate once her younger daughter graduates from high school. In addition to Greene Grape Wine & Spirits and Greene Grape Provisions, she owns five properties in Athens, including 58 acres of farmland.

    “Coxsackie feels like it’s got big energy from the waterfront development,” said Ms. Bennett, 53, who bought her three-bedroom Victorian house with river views for $375,000 in May 2021. “There’s definitely a bigger rejuvenation going on all at once.”

    She likes to grab coffee at Shipwrecked, pick up cream puffs at the Little Bake Shop on Mansion Street and explore the Coxsackie Antique Center in the West Coxsackie business district on Route 9W, where more than 100 antiques dealers sell their wares. “It’s exactly what you want for a rainy Saturday, to wander through and see things you’ve never seen before,” she said.

    Students in the Coxsackie-Athens Central School District attend either Coxsackie Elementary School or Edward J. Arthur Elementary School for kindergarten through fourth grade. They go on to Coxsackie-Athens Middle School for fifth through eighth grade, and then to Coxsackie-Athens High School.

    During the 2020-21 school year, the latest year for which figures were available from the New York State Education Department, the district had an enrollment of 1,188 students in kindergarten through 12th grade. About 85 percent identified as white, 8 percent as Hispanic, 5 percent as multiracial, 2 percent as Black and 1 percent as Asian or Pacific Islander.

    On 2021-22 state tests, 86 percent of Coxsackie-Athens High School students were proficient in English, 34 percent were proficient in algebra and 54 percent were proficient in geometry, compared with 81 percent, 66 percent and 53 percent statewide. In 2022, the average SAT verbal score was 546, compared with a statewide average of 534; the average math score was 542, versus 533 statewide.

    The high school’s graduation rate in 2021 was 89 percent, compared with 86 percent for the state.

    Coxsackie is roughly a seven-minute drive from Exit 21B on the New York State Thruway. The drive to the George Washington Bridge takes about two hours, depending on traffic.

    The Amtrak train station in Hudson is about a 25-minute drive. Round-trip tickets to New York City cost $62 to $148, depending on when the ticket is bought and whether it is for peak or off-peak hours.

    “The train back on Thursday or Friday is often booked, because the area has gotten so popular,” Ms. Miller said.

    The New York State Legislature created the town of Coxsackie in 1788, and the village was incorporated in 1867. The name is derived from an Algonquin word and has had many spellings and various translations over the years, including “hoot of the owl,” said Michael H. Rausch, the town historian. Coxsackie is also associated with Coxsackievirus, which was first isolated in the town in 1948.

    Pieter Bronck was the first European to settle in Coxsackie. His house, built in 1663 and believed to be one of the oldest in upstate New York, is now a museum. Around 1810, Eliakim Reed bought riverfront property and built a wharf, known as Reed’s Landing. It became a commercial hub, shipping local goods to New York City, Mr. Rausch said. The business district, including Reed Street, began to develop around 1810.

    For weekly email updates on residential real estate news, sign up here.

    Karen Angel

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  • Getting your credit score above 800 isn’t easy, but it’s ‘definitely attainable,’ says analyst. Here’s how to do it

    Getting your credit score above 800 isn’t easy, but it’s ‘definitely attainable,’ says analyst. Here’s how to do it

    Generally speaking, the higher your credit score, the better off you are when it comes to getting a loan.

    FICO scores, the most popular scoring model, range from 300 to 850. A “good” score generally is above 670, a “very good” score is over 740 and anything above 800 is considered “exceptional.”

    Once you reach that 800 threshold, you’re highly likely to be approved for a loan and can qualify for the lowest interest rate, according to Matt Schulz, LendingTree’s chief credit analyst. 

    More from Personal Finance:
    Here’s the best way to pay down high-interest debt
    63% of Americans are living paycheck to paycheck
    ‘Risky behaviors’ are causing credit scores to level off

    There’s no doubt consumers are currently turning to credit cards as they have a harder time keeping up with their expenses and there are a lot of factors at play, he added, including inflation. But exceptional credit is largely based on how well you manage debt and for how long.

    Earning an 800-plus credit score isn’t easy, he said, but “it’s definitely attainable.”

    Why a high credit score is important

    The national average credit score sits at an all-time high of 716, according to a recent report from FICO.

    Although that is considered “good,” an “exceptional” score can unlock even better terms, potentially saving thousands of dollars in interest charges. 

    For example, borrowers with a credit score between 800 and 850 could lock in a 30-year fixed mortgage rate of 6.13%, but it jumps to 6.36% for credit scores between 700 and 750. On a $350,000 loan, paying the higher rate adds up to an extra $19,000, according to data from LendingTree.

    4 key factors of an excellent credit score

    Here’s a breakdown of four factors that play into your credit score, and ways you can improve that number.

    1. On-time payments

    The best way to get your credit score over 800 comes down to paying your bills on time every month, even if it is making the minimum payment due. According to LendingTree’s analysis of 100,000 credit reports, 100% of borrowers with a credit score of 800 or higher paid their bills on time, every time. 

    Prompt payments are the single most important factor, making up roughly 35% of a credit score.

    To get there, set up autopay or reminders so you’re never late, Schulz advised.

    2. Amounts owed

    From mortgages to car payments, having an exceptional score doesn’t mean zero debt but rather a proven track record of managing a mix of outstanding loans. In fact, consumers with the highest scores owe an average of $150,270, including mortgages, LendingTree found.

    The total amount of credit and loans you’re using compared to your total credit limit, also known as your utilization rate, is the second most important aspect of a great credit score — accounting for about 30%. 

    As a general rule, it’s important to keep revolving debt below 30% of available credit to limit the effect that high balances can have. However, the average utilization ratio for those with credit scores of 800 or higher was just 6.1%, according to LendingTree.

    “While the best way to improve it is to reduce your debt, you can change the other side of the equation, too, by asking for a higher credit limit,” Schulz said.

    3. Credit history

    Having a longer credit history also helps boost your score because it gives lenders a better look at your background when it comes to repayments.

    The length of your credit history is the third most important factor in a credit score, making up about 15%.

    Keeping accounts open and in good standing as well as limiting new credit card inquiries will work to your advantage. “Lenders want to see that you’ve been responsible for a long time,” Schulz said. “I always compare it to a kid borrowing the keys to the car.”

    4. Types of accounts and credit activity

    Having a diversified mix of accounts but also limiting the number of new accounts you open will further help improve your score, since each make up about 10% of your total.

    “Your credit mix should involve more than just having multiple credit cards,” Schulz said. “The ideal credit mix is a blend of installment loans, such as auto loans, student loans and mortgages, with revolving credit, such as bank credit cards.” 

    “However, it’s very, very important to know that you shouldn’t take out a new loan just to help your credit mix,” he added. “Debt is a really serious thing and should only be taken on as needed.”

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  • Six Benefits Of Exchanging Into Delaware Statutory Trust Properties

    Six Benefits Of Exchanging Into Delaware Statutory Trust Properties

    There are a number of potential benefits associated with exchanging into a Delaware Statutory Trust (DST) 1031 property. 

    However, it is important to note that these potential benefits should also always be carefully weighed with the potential risks that are possible with DST investments, and as with all real estate investments, investors should consult their tax attorney and or Certified Public Account before investing in DSTs.  

    Still, DSTs continue to grow in popularity, especially among aging baby boomers who are tired of managing their own properties and are looking for a way to transition into a passive income stream. DST investments not only provide investors the potential for passive income but also the following six benefits as well. 

    1. Tax Deferral Using the 1031 Exchange 

    Many real estate investors have wanted to sell their rentals and commercial properties for years but haven’t been able to find a property to exchange into and just can’t stomach the tax bill after adding up federal capital gains tax, state capital gains tax, depreciation recapture tax, and the Medicare surtax. The DST 1031 property solution provides investors the ability to move from an active to a passive role of real estate ownership on a tax-deferred basis. 

    2. Eliminating the Headaches of Property Management 

    Because many DST investors are at or near retirement, they are simply tired of the hassles that real estate ownership and management often bring. They are tired of the tenants, toilets, and trash and want to move away from actively managing properties. The DST 1031 property provides a passive ownership structure, allowing them to enjoy retirement, grandkids, travel, and leisure, as well as to focus on other things that they are more passionate about instead of property management headaches. 

    3. Increased Cash Flow Potential

    Many investors are receiving a lower amount of cash flow on their current properties than they could be due to their properties having under-market rents, vacancies, or vacant land sitting idle. DST 1031 exchange properties provide an opportunity for investors to potentially increase their cash flow via a tax-deferred 1031 exchange. 

    4. Portfolio Diversification

    Often, 1031 investors are selling a property that comprises a substantial amount of their net worth. They want to reduce their potential risk, and instead of buying one property (such as another apartment building) or one NNN building (such as a Walgreens pharmacy or Taco Bell restaurant), they decided that investing in a diversified portfolio of DST 1031 properties with multiple locations, asset classes (property types), and tenants is a better fit for their goals and objectives. 

    This is similar to how investors tend to invest retirement funds in mutual funds and Exchange Traded Funds (ETFs), as opposed to placing their entire retirement savings into the stock of one particular company. However, it is important to note that there are no assurances that diversification will produce profits or guarantees against loss. 

    5. Locked-In Non-Recourse Financing

    One of the requirements for a 1031 exchange is to take on “equal or greater debt” in the replacement property to what you had in the relinquished property (the property you are selling). In today’s lending environment, it is often hard for investors to obtain non-recourse financing at an acceptable interest rate and terms. Due to the DST 1031 properties’ sponsors typically having strong lending relationships, they are able to secure non-recourse financing at some of the best terms available in the marketplace. The DST 1031 investors are the direct recipient of these financing terms that they would otherwise often not be able to obtain on their own. 

    6. Access to Institutional-Grade Real Estate

    DST 1031 properties provide access to large, institutional-grade real estate that is often otherwise outside of an individual investor’s price point. With the typical minimum investment of $100,000, investors are still able to purchase an ownership interest in large $20 million-plus apartment communities, $5 million-plus pharmacies, or $15 million grocery stores, for example. This allows investors access to a level of real estate that they just would not have been able to exchange into before. 

    That being said, we also have had many clients with very large 1031 exchanges opt to invest in DST 1031 properties because they did not want to place “all their eggs into one basket” by purchasing one single, large investment property. 

    For more information about Kay Properties or to review a current list of 1031 Exchange-eligible properties, please visit kpi1031.com to receive your FREE 1031 Exchange toolkit. 

    This article is presented by Kay Properties & Investments

    Kay Properties & Investments is a national Delaware Statutory Trust (DST) investment firm. The www.kpi1031.com platform provides access to the marketplace of DSTs from over 25 different sponsor companies, custom DSTs only available to Kay clients, independent advice on DST sponsor companies, full due diligence and vetting on each DST (typically 20-40 DSTs) and a DST secondary market. Kay Properties team members collectively have nearly 400 years of real estate experience, licensed in all 50 states, and have participated in more than $30 Billion of DST 1031 investments.

    There are material risks associated with investing in real estate, Delaware Statutory Trust (DST) properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks and long hold periods. All offerings discussed are Regulation D, Rule 506c offerings. There is a risk of loss of the entire investment principal. Past performance is not a guarantee of future results. Potential distributions, potential returns and potential appreciation are not guaranteed. For an investor to qualify for any type of investment, there are both financial requirements and suitability requirements that must match specific objectives, goals, and risk tolerances. Securities offered through FNEX Capital, member FINRA, SIPC.

    Note By BiggerPockets: These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.

    Dwight Kay

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  • Broker Spotlight: Hilary Farnum-Fasth, Corcoran Reverie

    Broker Spotlight: Hilary Farnum-Fasth, Corcoran Reverie

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    Broker Spotlight: Hilary Farnum-Fasth, Corcoran Reverie

    Name: Hilary Farnum-Fasth 

    Title: Broker and owner 

    Experience: Licensed since 1997 and has always been in the high-end luxury development, investment and new construction side of real estate

    Location: Northwest Florida, spanning from Destin to Panama City Beach, and Nashville, Tennessee. I predominately sell the area commonly known as 30A. 

    Brokerage name: Corcoran Reverie 

    Rankings:  

    • Ranked in the Top 2 for closed sales volume among all teams within the Emerald Coast Association of Realtors for 2022              
    • Ranked in the Top 5 for closed sales volume among all members of the Emerald Coast Association of Realtors for 2022 

    Team size:  2

    Transaction sides: 

    • Lifetime: Over 800 
    • 2022: 78 sides 
    • 2021: 183 sides 

    Sales volume:  

    • Lifetime: Over $1.1 billion 
    • 2022: $213 million-plus
    • 2021: $485 million-plus

    Awards: 

    Why/how did you get your start in real estate? 

    I graduated from Florida State University as a marketing major and started working in Destin, Florida, at Regatta Bay as a marketing assistant under Peter Bos as he was developing and building that community. I firmly told him I had no interest in real estate sales — I was there to be in marketing.

    Peter identified something in me very early on, and little did I know what was going to happen next.  He said, “Yeah, I know you don’t want to sell, but just get licensed so if someone walks in they are talking to someone licensed.” At the time, that made perfect sense to my 23-year-old self.

    About a week after I was licensed, a salesperson for the community left, and Peter looked and me and said you’re moving to sales, and the rest is, well, history!  I mentored under a brilliant developer and fell in love with development and new construction.

    Regatta Bay let me to launch the WaterColor Inn and working with St. Joe opened the doors for working onsite at WaterSound Beach which led to everything else I have done in my career. I have never not done Luxury, new development or new construction, so I bring something very unique to my investors and clients.

    My knowledge of the area literally goes back to when it was dirt. I know all the roads, all the infrastructure, which allows me to speak to that in a way very few can. 

    What do you wish more people knew about working in real estate? 

    To be successful and have longevity in this as a career, you must approach real estate as you would owning a brick-and-mortar business: You are the CEO of your company.

    To be successful you can’t really do real estate part-time.  It’s like if you wanted to open a cupcake shop — you find the perfect space and have the perfect cupcake — you don’t just open your doors and hope someone comes in and buys your cupcake.

    You don’t bake cupcakes for a week then take a vacation.  You know you are going to be getting up early every day for at least five years to bake cupcakes, you are going to tell all your friends, bring them samples, host events, push out social media. You are going to invest in your business so that your friends tell their friends, and it grows into something sustainable.

    You know it is going to take time, there will be tears and there will the triumphs. You work hard and make sure your goals are set every year, you have a business plan and a budget.

    Real estate done right is the same thing, and the rewards are equally as great. It’s the one career that builds on itself and provides an income level for many years past the typical retirement norms and rewards you in the long term with continued business. 

    Top 5 things to know about you and your brokerage: 

    1. I am an expert at connecting and able to help build clients’ wealth thru real estate investing. It goes back to my longevity in the industry, specifically the niche of luxury real estate that has allowed me to thrive at knowing the market, identifying opportunities to present to my clients and negotiating the deal successfully.  
    2. Both myself and the brokerage specialize in new construction development — we build our own real estate through planned communities and new construction homes and developments. It’s something few other brokerages can say. This allows us to offer our agents connectivity for inventory in an unparalleled way.
    3. I have an authentic desire to mentor and build others’ businesses. By being willing to share and give of myself in a way that benefits the agent more than me, it has allowed me to see growth in my company and laid the foundation of our company culture and what we wanted to change in the real estate industry.
    4. Corcoran Reverie offers mentoring and training at the highest level for agents of all levels. New agents and seasoned veterans are going to find high-touch, first-class training and service for their businesses to be successful with a leadership team that is available and willing to help them at a moment’s notice. We are thoroughly invested in our agents and their successes.  
    5. Everyone touts technology as their value proposition and of course, we offer incredible technology for our agents that is equal or better than our competitors. At Corcoran Reverie, rather than leading with only the technology that we have, we highlight this amazing and vibrant culture that we share because the culture is what matters to us. Technology is easy, everyone can have it, and we do but you can’t subscribe to or create culture we have at Reverie – it is unparallel and largely unheard of to have what we have in our industry. 

    What’s something you know now that you wish you knew when you started? 

    To have a real true CRM (with all the drips and campaigns), and to put everyone I have ever met into it and use it every single day.  It not only allows you to have all your contacts in one place (which is amazing), but also the connectivity over the years to your sphere is priceless.

    I think about how many more people I could have served, and where that could have taken my career, had I had those services available to me then or had I taken full advantage of them. Today, we have every tool known to man and some agents still don’t leverage them, which to me makes zero sense.  

    Tell us about a high point in your brokerage career

    Affiliating with Corcoran and being able to grow the brokerage to over double in size within the first year without losing our culture was the highlight of my career thus far.

    It was honestly a little crazy that it happened at all, but then to not lose who we were fundamentally and to see us thriving after such a dramatic shift — even though it was for the better, it was still dramatic — and to launch Corcoran Reverie successfully in the beginning of COVID amidst the shutdown was incredible.

    Since then, we have seen agents double and triple (and even beyond that) in their businesses because we mentored them — which has also been a highlight of my career. It’s what you want for your family — for the next generation to be even better than you are. That is what we want for Corcoran Reverie — for our agents’ success to far outmatch ours. What a legacy that will be.  

    Know someone who should be featured in an upcoming Broker Spotlight? Nominations, please, to brokeredge@inman.com.

    Christy Murdock

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  • 100-story Seattle tower would be one of the 10 tallest in the nation

    100-story Seattle tower would be one of the 10 tallest in the nation

    While tall for the West Coast, the long-planned Seattle project still is nearly 500 feet shorter than New York City’s Affirmation Tower, according to a report.

    Marc Stiles

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  • “Built-for-Rent” Single-Family Housing Forecast: Steady In 2023 And Booming In 2024/2025

    “Built-for-Rent” Single-Family Housing Forecast: Steady In 2023 And Booming In 2024/2025

    In his movie “Annie Hall,” Woody Allen recounts an old joke in which one woman asks another about a restaurant, and the other woman says “nobody goes there anymore; it’s too crowded.” In a similar way, some real estate investors are pausing their built-for-rent (”BFR” or “BTR”) projects, because they fear that it is about to become too crowded. This concern is justified in certain submarkets around the country, such as an area west of Phoenix, where there are seven built-f0r-rent cottage developments along a single 1.5 mile stretch of road. In most parts of the country, however, new supply is still falling far short of the demand for these kinds of rentals. Now it looks like some of the sidelined capital is about to resume investment activity in this space.

    We define built-for-rent single-family housing as including the following purpose-built rental types: single-family homes built on individual lots, townhomes, duplexes and quads, and cottages developed on a single plat of land (sometimes called “horizontal apartments”).

    When considering the outlook for this segment, which is universally regarded as one of the strongest segments of real estate, it is important to look both short-term and long-term. Here we look at both horizons.

    Short-Term (Year 2023)

    In our research today, we are seeing a sharp slowdown of rent growth, going negative in some places, but we see this as being limited to the current year (2023), after which rent growth will be decidedly positive.

    It only stands to reason that rent growth had to slow down from the 15%-18% annual growth rates of the last couple of years. There is some confusion as to how much of a rent slowdown has already occurred.

    The reader should beware of articles stating that rent growth is still in the range of 8%-10% today. Those statistics are looking at year-over-year percent-change instead of month-over-month. Year-over-year statistics have the advantage of eliminating seasonality, but they also obscure turning points.

    The fact that often gets missed is that month-over-month, rents are flat or down.

    One of my favorite data sets to watch is the CoreLogic SFRI (Single-Family Rent Index), which get quite granular at the local-market level. Again, it is valuable right now to look at month-over-month data in order to spot possible inflection points. This graph illustrates that even though most markets are still up compared with twelve months ago, many are flat or down as of the last couple of months.

    Why did demand soften all of a sudden, starting last summer/fall? That is when people started to become fearful of a recession (and therefore, their income prospects). This caused people who were living with friends, roommates, or relatives, to defer plans to make the leap and get a rental of their own. Looking at the consumer confidence numbers, however, we see that confidence has started to come back up again.

    We can expect household formations to improve, boosting rental housing demand, once consumer confidence rallies further. People who survive the layoffs that seem likely to arise later this year (most people will) will eventually decide to “get on with life,” particularly if they recently had a child and feel the strong need to have a home of their own with some private outdoor space. Based upon this outlook, the weakness that is just starting to show up in single-family rents will be relatively short-lived. Demand fundamentals are still strong. The graph below shows the recent actual trend in single-family rents, which has declined on a month-over basis for the past three months, but is expected to start to regain its footing in 2024 and 2025. Forecasts are subject to significant error, of course, particularly during times of volatility, but this suggests a path forward that is consistent with what we are seeing in the market, the pipeline that is coming to market, and the demographic and economic forces that are at work.

    Longer-Term: The BFR Outlook for 2024 and Beyond

    Whereas prior generations had children while they were in their mid-20s, many millennials have deferred childbirth to their 30s, and some studies suggest that they are going to start families in larger numbers over the next several years. With a newborn or a toddler in an apartment, these young families would typically prefer a house with a yard, and more space in general than they might have in an apartment. That is the key to the growth in demand that we expect for built-f0r-rent single-family homes. The demographics show that as the “bulge” of millennials moves up in age over the next four to five years, demand for family-friendly housing will increase.

    Combine that with the fact that millennials are moving up rapidly in their careers. Granted, their income growth will likely slow in 2023 as the economy softens, but the economy is likely to begin the next recovery cycle in 2024 and 2025, bringing strong percentage increases in incomes. Income growth is not going to stay at 11%-12% in 2023/2024 perhaps, but 8%-10% earnings growth is not unreasonable for people in their 30s to expect. That will support rent growth at single-family rental communities. A recent analysis by RealPage showed that market-rate renters are currently only spending 23% of their income on rent, which is well below the 30-33% that is considered a ceiling. There seems to be room to run, at least after the economy gets past this slump and demand starts roaring again.

    The forecast for BFR volume is shown below.

    This ramp-up over the next five years, tapering off by 2027, is consistent with the view that monthly-payment challenges will continue to divert single-family demand toward rental homes, and with the evolving needs of the 83 million members of the millennial generation, who are now outgrowing apartment living. The total number of units being built for rent came to roughly 120,000 last year, and will edge higher this year, followed by a significant uptick in 2024.

    With the current concerns about the economy, many have observed that certain capital providers are on the sidelines. I have spoken with several institutional investors who say they are now in a holding pattern, given the recent changes in financing rates and housing demand, but also with many others who are still ready to invest in the immediate term in BFR. And, sooner or later the capital that is on the sidelines will re-enter the market, sending this sector to the high levels we’re showing on the bar chart. Our research suggests that (with the exception of Phoenix), the country is far away from being “too crowded” with BFR single-family projects. Once we get past this current slump, supply is expected to be chasing demand well into this decade.

    Brad Hunter, Contributor

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  • Building gains into housing stocks and how to trade the sector

    Building gains into housing stocks and how to trade the sector

    Share

    CNBC’s Diana Olick digs into today’s housing data. With CNBC’s Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Guy Adami.

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  • Guest column: There's nothing stopping St. Louis from becoming a hot market, except yourself

    Guest column: There's nothing stopping St. Louis from becoming a hot market, except yourself

    Crime is certainly one issue to tackle on our pathway to becoming more vibrant, but it seems like we’re waiting for urban St. Louis to achieve the same crime rates as the quiet suburban communities we live in. No other urban area meets that bar, nor can we, writes St. Louis resident Jeff Leonard.

    Jeff Leonard

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  • New data shows surge in mortgage demand

    New data shows surge in mortgage demand

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    CNBC’s Diana Olick joins ‘Power Lunch’ to discuss the 28 percent surge in mortgage demand, the influence rate dips have on builder sentiment, and the reasons for the slowdown in new home listings.

    03:06

    Wed, Jan 18 20232:45 PM EST

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  • 33 Organizing Tips to Maintain a Tidy Home

    33 Organizing Tips to Maintain a Tidy Home

    If your home is cluttered and chaotic, it can be hard to relax and spend time with your family and friends. However, by taking a few simple steps to organize your home, you can turn it into a peaceful oasis. 

    While getting started is often one of the hardest parts, maintaining your tidy home can be just as tricky. That’s why we’ve reached out to the top organizers from across the country for their best advice. Whether you live in an apartment in Round Rock, TX, or a house in New Haven, CT, use these tips to create a peaceful home. 

    1. Incorporate organization into your resolutions

    To truly organize your home, it’s important to commit and set achievable goals. The beginning of a new year is the perfect time to do this. However, your goals must be small and achievable; many goals and resolutions are large and unreachable. 

    “An easy way to set yourself up for success is to set goals that fit into your routine,” says Sarah Parisi, owner and founder of The Clutter Curator. “For example, schedule one cleaning session or donate five items every month.” 

    2. Ask yourself why you’re holding on to so many items

    Before organizing any one room, dig into your attachment to your belongings. Many people tend to hold on to items out of fear or resistance, creating a feeling of being stuck and held back. To help resolve this, the team at Prune & Bloom suggests grabbing a pen and journal and asking yourself these questions:

    • What do I want?
    • What’s one thing that’s standing in the way? 

    Next, identify a local charity that accepts your items. Then, when you feel attached to something you don’t need, you can remind yourself that someone else will benefit from it. 

    3. Remove everything before organizing

    Instead of sifting through boxes, bins, and drawers looking for something to donate, remove everything and “place similar items together,” notes Stephanie King, owner of Status: Organized. “Then, clean and reorganize everything before moving on to the next spot.” This method applies to entire rooms as well. If you have a room full of large boxes, remove everything from every box before organizing. 

    While organizing small groups of items is helpful, focus on an entire room for optimal organizing. “Once you’ve organized the items, subcategorize them for easier access later on,” advises Brian Saeger from Be Free Organizing. “This helps make both long-term and short-term storage simple and efficient.” 

    4. Organize your home as a personal store

    Evaluate your belongings and group them into broad, labeled categories. For example, put hardware-related items in a “hardware” section, and so on. “Remember, much like a store, try  to keep similar things together and in close proximity to where you use them most,” says Kim Cosentino, owner of The De-Clutter Box. “This way, you can easily find what you’re looking for without digging through unrelated belongings.”

    5. Use the “Target Principle”

    In general, when organizing your belongings, “try your best to store your commonly-used items as close together as possible, and your least-commonly-used items farther away,” advises Janet from Basic Organization. “This is called the Target Principle, and it works for any space in your home.” 

    For bonus points, “use organizing tools such as bins, baskets, hooks, and files to help keep items in place,” suggests Vernestine Laughinghouse, Certified Professional Organizer and owner of Absoulute Organizing Solutions. “This helps you avoid unnecessary work for yourself, and creates a nice aesthetic as well.”

    organizing-tips-6

    6. Make use of the SMART system

    As you begin decluttering, it’s easy to become overwhelmed. To simplify the process, David Hall, Chief Clutter Clearing Officer of A+ Clutter Clearing, suggests following the SMART system: 

    • Simplify: Start with a simple space to find early success in the process. 
    • Mindset: Get in the right mood and attitude. 
    • Action: Start decluttering, working slowly and mindfully. 
    • Reuse, repurpose, recycle: When you no longer want or need an item, donate it, repurpose it, or recycle it.
    • Transformation: Within moments of letting go of things that no longer serve you, you can regain a feeling of control. 

    Continue using this system as you work through your home for the best results.

    7. Start small before tackling big projects

    Starting is often the biggest hurdle in any organization project, even using methods like the SMART system. To make it easier, “start small by finding an area in your home that you don’t have as much of an attachment to,” says Kiera Malowitz, Declutter Coach, Professional Organizer, and owner of Decluttered LLC. “It’s always easier to build momentum with smaller things,” she says. “That way, you can check items off your list before moving on to long-term projects.” 

    8. Break down your decluttering project into manageable steps 

    Working methodically is often the best way to get your home from cluttered to comfortable. “Start at the entrance of the space and work your way along the walls, throwing away or donating anything that isn’t joyful or functional,” advises Jinnette Jackson, owner of Organized Refined. “Categorize the items you’re keeping based on their function to determine where you can store them.” 

    Remember, your ultimate goal isn’t perfection. It’s primarily to relieve stress, save time and money, and to enjoy your space without feeling overwhelmed. 

    halloween-decorations

    9. Develop a storage system for holiday decorations

    It’s easy to ignore clutter and excess after the holiday season. However, this is one of the most important times to clean up and prepare for the new year. “To help make the process easier, involve the whole family by playing music and dancing it out while sorting your belongings,” states Dr. Jessica Louie, owner of Clarify Simplify Align. “When unpacking gifts or new items, remove any tags immediately and start using the new items. If the gift doesn’t fit your life, pass it on with gratitude to a new loving home.”

    Janine Morales, owner of Tidy Closet, suggests storing holiday decorations in labeled, see-through bins. “The best place for these items is near the entrance of a garage or in a tall closet,” she says. “This way, they’re handy when you need them during the holidays, without taking up too much space throughout the rest of the year.”

    This applies to other seasonal decorations as well. Do the work to stay organized to make your life easier in the long run. 

    10. Only buy necessary organizing products

    Organizing products can look appealing, but they become cluttered if you buy too many. “Resist the urge to buy one-off organizing products, such as a single basket or a random bin,” says Breanne Hawes from EQ Design, “Instead, analyze and organize a whole space at once, so you can buy matching products that comfortably fit your space and items.” 

    In general, avoid overbuying any product, especially small items. “If you shop online, leave your item in the shopping cart for 24 hours before purchasing,” suggests Jill Katz, Professional Organizer & owner of One to Zen Organizing. The next day, ask yourself if you need it and have room to store it.” 

    11. Remove items from shopping bags when you get home

    A simple way to reduce clutter is to organize your recently purchased items as soon as you get home. “If you leave items in shopping bags, they become easy to forget about and hard to find,” adds Lori Reese, founder and CEO of Consider It Done. “By placing them with similar items in a visible, designated space, you’ll save time and avoid making duplicate purchases.” 

    If you think you bought too much, take note of what you have and put anything you don’t need in a designated basket. Do this daily, and you won’t accumulate nearly as many unnecessary items. 

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    12. Cut down on junk mail 

    Junk mail and packaging materials can build up quickly without management. To help, “sort your mail into piles by category, like auto, bank, and more,” notes David Harris, owner of The Wiser Organizer. “Once you have general categories, you can sub-categorize,” he says, “While you’re organizing paper into categories, keep an eye out for anything you can shred or recycle.”

    Another method is to keep a dedicated recycle bin by the entry of your home. “Put junk mail in the bin,” suggests Allison Almond, owner of The Organization Maven. “For important mail, scan it with your phone to keep a record so you can reduce clutter,” she says. “Also, be sure to pay bills immediately if you can.”

    You can also sign up for free services that allow you to unsubscribe from the catalogs you no longer wish to receive.

    13. Get a handle on delivery clutter

    If you regularly receive packing materials, they can quickly build up. When you receive packages, “remove your items from bulky boxes and reorganize them in clear storage bins,” states Amanda Clark, owner of Ever So Organized, a full-service home organizing company based out of Orange County, California. “This method works great for food, toiletries, and surplus items.” 

    14. Utilize open-top boxes

    Sorting items into bins is a helpful organizational method. Make your life easier by choosing open-top boxes over zipped or clipped storage options. “If you have many boxes with lids, simplify your process by removing the lids,” advises Decluttering Coach Suzy Kell. “That way, when you’re organizing, you can simply stop, dunk, and go.”

    15. Label mindfully 

    In general, when you’re using bins for storage, label them for future reference. “Missing this one crucial step is often the difference between your family members knowing where to find and put things away and chaos,” admits Lauren Cunningham, owner of Everyday Organize

    However, there are some instances where keeping a bin available for flexible storage is the better option. “Labels can be limiting and hard to remove, so be sure to think about whether a bin needs a label or not,” says Caroline Roberts, professional organizer and KonMari Certified Consultant for The Simplified Island. “Is the bin holding a project or something that may be temporary? Is the bin clear, so you can easily see what’s in it? Is the bin in a space where only one or two people need to know what is inside? These are all great reasons to skip the label and keep the storage flexible for future needs.”

    16. Teach kids the importance of organizing

    Maintaining an organized home with children is often difficult, especially if they don’t know how to clean up after themselves. “Teach children about the work it takes to organize the things they use,” suggests Kim Corey from Finely Sorted Organizing. “Help them divide items according to whether they are ‘friends,’ ‘acquaintances,’ or ‘strangers,’” she says. “Donate anything left in the ‘strangers’ pile.”

    17. Utilize simple storage solutions for your kids

    A simple way to help children clean up after themselves is by using simple storage solutions. “These should ideally be ones that your children can use independently,” says Andrea Brame, owner of This Modern Mess. “Make sure the options aren’t too finicky for them to put things away easily,” she says. “Simple open bins and trays with broad categories are perfect for younger kids, while older kids can handle more specific categories.”

    18. Make the most out of your floor space

    When all else fails, work with what your kids already do – throw their belongings around. Take advantage of this by making the floor an organized space for their items. 

    “You can buy pretty baskets that match your decor or reuse laundry baskets to save money,” notes Cheri Augustine Flake, LCSW, founder of The Stress Therapist. “Just be sure to put them where your children would otherwise dump their stuff on the floor.” 

    19. Get your family involved in the process

    If you have a larger family, it’s essential to involve every member of your home in the decluttering process. “Start by having everyone sort through their belongings and get rid of anything they don’t need,” says Danna Brim, owner of Resourceful Organization (contact her at peacetome@hotmail.com). “Then, evaluate why everyone is holding on to their remaining items,” she says. “Tell your family only to keep items because they serve a purpose, not just because they’re sentimental.” 

    If members of your family are hesitant, make organization a fun game everyone plays once every few months. Offer a reward, like a special dinner or sweet treat, for the person who finishes first.

    20. Be gentle with family members 

    Even with incentives, many families have members who hold on to too many items. “If this person believes everything is valuable or sentimental, be gentle with them,” suggests Sharon McRill, owner of The Betty Brigade. “Let them do all the research to sell their items, and don’t force them to get rid of anything,” she says. “Most often, they’ll give up and realize they were holding on to too much.” 

    organizing-tips-2

    21. Use multifunctional furniture

    As you work through your home, notice areas where you can incorporate multifunctional furniture. “One piece of furniture can serve numerous uses, saving you time and space,” says Maria Best, Certified Professional Organizer with Looking For Space Solutions. “For example, an ottoman can act as a coffee table, chair, footrest, and storage solution for blankets and games.”

    Other options include:

    • Bookcases with fold-out desks.
    • Step stools with storage underneath the steps.
    • Dual-purpose coffee tables with storage inside the table. 

    22. Utilize unique storage solutions

    Instead of investing in expensive furniture, consider using unconventional items. “For example, you can put a kitchen rack in your bedroom to store books, electronics, clothing, and more,” notes Sandy Park, owner of Tidy with SPARK. “There are so many ways to organize using just one item.”

    organizing-tips-5

    23. Declutter your closet

    Closets are a common clutter catch-all, so leave plenty of time to organize them. To start, “gather everything and dump it onto your bed or another large surface,” suggests Susan Evans, owner of Hands-on Learning. “Next, sort items into categories,” she says. “Only keep items you love, use, and wear all the time, and donate everything else.”

    Work through your closet and wardrobe using this method until you’re left with only the most essential items. Lastly, swap out all your mismatched hangers for matching hangers,” advises Kenika Williams, owner of Tidied By K. “Matching hangers create space, establish a uniform look, maximize your function, and allow your closet to remain clean and tidy.” 

    24. Organize your dressers and armoires

    Aside from your closets, dressers, and armoires frequently build up clutter. Remedy this using similar methods you used for your closet. “Start by completely emptying your dressers and armoires,” says Harish Kumawat from Sierra Living Concepts. “Keep the items you actually use, not the wants, and get rid of anything old and unused,” she says. “Sort your belongings by category and allocate each dresser drawer and armoire compartment to a particular category for easy management. 

    organizing-tips-4

    25. Keep your desk organized

    With the rise in remote work, more people have been working from home. If this is the case for you, make sure to keep your desk clear and free of disorder. 

    “Assign zones to your desk that you can easily refer to when looking for certain items, like office supplies or paperwork,” says Jessica Decker, owner of Become Organized. “If your desk has drawers, label them for easy access later.” Also, for bonus points, consider drawer organization methods.

    26. Use drawer inserts to keep your small items in place

    If you have a cluttered drawer in your closet or elsewhere, consider using drawer inserts to keep things in their place. “Just make sure you measure your drawer before buying anything,” advises Amélie Saint-Jacques, Professional Organizer and Certified KonMari Consultant. “You can also cut out a piece of paper with the same dimensions as your drawer and take it to the store to try different layouts.”

    When installing drawer inserts, Leslie Marshall, owner of The Marshall Concept, suggests always using museum gel. “Museum gel helps prevent dividers from sliding all over the place,” she says. 

    27. Consider adding a kitchen island

    If you’re renovating your kitchen, consider adding an island if you have space. “When designing your island, consider drawers instead of doors,” advises Amy Fredericksen, owner + founder of All About Organizing. “Drawers can reduce the amount of bending, squatting, and sorting you do,” she says. “You can customize it to have shallow drawers at the top for things like cooking utensils and silverware, and deeper drawers underneath for pots and pans.”

    28. Use turntables to your advantage

    Turntables, or Lazy Susans, are a helpful tool for hard-to-reach locations. “They allow you to easily access items on a high shelf, take advantage of a corner that would otherwise be dead space, or increase storage in a tight spot,” states Rachel Rosenthal, owner of Rachel and Company. Additionally, make sure the turntable’s design matches the style of the room, and only purchase one if it will truly be beneficial.

    29. Take photos to document your progress

    If you’re having trouble with the last few rooms in your home, consider using photographs to motivate yourself. “Take a photo before organizing the space,” suggests Carrie Kauffman, owner of Carrie’s Essential Services. “Then, set a timer for ten minutes, decluttering as much as possible in that time,” she says. “After ten minutes, take another photo. Seeing progress after just ten minutes can motivate you to continue the habit every day. 

    Additionally, you can use photos to document your progress over a longer period. As your project comes to a close, take a moment to remember the progress you’ve made. Take a photo before and after organizing a room to feel a sense of pride and accomplishment. 

    30. Declutter your space to declutter your mind 

    People may not be aware that clutter can have a detrimental effect on your wellbeing, in addition to the obvious effects it has on physical space. When our environment becomes overwhelmed with items, it can lead to feelings of stress and anxiety. “If you truly want to conquer clutter, it’s important to declutter both your mind and space,” says Tonia Cordi from Time + Space Solutions. “Trauma often plays a large role in people’s clutter. If you can see the connection between your past experiences and how they play a role in your current life, you will have an easier time decluttering your home.”

    By eliminating the excess clutter from your life, you can experience the positive impact it has on your mental health and general wellbeing.

    31. Develop simple organization routines 

    Create lasting routines that work for you, and celebrate completion over perfection. “For example, give yourself credit for picking something up and putting it back where it belongs every day,” notes Andrea Krohn from LA Move Consultants. “This is a small but impactful step toward maintaining an organized space.”

    32. Create an intentional organizing habit

    Organization is like meditation – “If you don’t schedule it in, it won’t happen,” notes Stacey and Sarah, co-founders of DwellWell. “But if you organize regularly, it can profoundly improve your life,” they say. “Set a weekly tune-in, choosing days that work best for you to organize what works best for you.”Karrah Smith, owner of Organize Your Place, understands that sometimes, you just have to start to get the momentum going. “Pick items up off the floor and group them together,” she says. “Then, sort them into categories such as ‘Donate’, ‘Garbage’, and ‘Keep’.”

    33. Organize consistently to maintain a clean home

    The last and most challenging step of any decluttering project is maintenance. “Organizing your home is the first step, but staying organized is the goal,” says Caroline Bujold, owner of Mostly Organized. “An effective tool to keep your home from becoming a mess is doing a 5-10 minute clean up before going to bed,” she says. “This can involve anything from folding blankets to starting dishes. Keep it simple and sustainable, and it will be effective.”

    The post 33 Organizing Tips to Maintain a Tidy Home appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

    Jamie Forbes

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  • A new California housing law has done little to encourage building, report says

    A new California housing law has done little to encourage building, report says

    Once seen as the death knell for single-family-home neighborhoods in California, a new law meant to create more duplexes has instead done little to encourage construction in some of the largest cities in the state, according to a new report published Wednesday.

    Senate Bill 9 was introduced two years ago as a way to help solve California’s severe housing crunch by allowing homeowners to convert their homes into duplexes on a single-family lot or divide the parcel in half to build another duplex for a total of four units. The law went into effect at the start of 2022.

    The bill received bipartisan support and ignited fierce debate between its backers, who said SB 9 was a much-needed tool to add housing options for middle-income Californians, and critics, who blasted it as a radical one-size-fits-all policy that undermined local government control.

    Neither argument has so far proved to be true.

    Across 13 cities in the state, SB 9 projects are “limited or nonexistent,” according to a new study by the UC Berkeley Terner Center for Housing Innovation.

    The report focused on cities considered high-opportunity areas for duplexes because they’ve reported significant increases in the construction of accessory dwelling units — also known as granny flats, casitas or ADUs — in recent years and have available single-family properties for possible divided lots. ADUs are small, free-standing homes most often built in the backyards of existing single-family homes.

    The cities are Anaheim, Bakersfield, Berkeley, Burbank, Danville, Long Beach, Los Angeles, Sacramento, San Diego, San Francisco, San Jose, Santa Maria and Saratoga.

    By the end of November, the cities had collectively received 282 applications for SB 9 projects, and had approved only 53. Los Angeles accounted for the bulk of applications with 211 submitted and 38 approved, according to the report. San Francisco received 25 applications and had approved four, while San Diego received seven and had approved none.

    Three cities received one application, and in Bakersfield, Danville and Santa Maria, zero were submitted.

    Applications for dividing lots seem to be even less popular than for building duplexes. Just 100 applications were submitted, the report noted, and 28 had been approved.

    David Garcia, Terner Center’s policy director, said SB 9 is only in its first year of implementation and should be given more time before it’s judged as ineffective. But he added that lawmakers should consider whether the law needs tweaking.

    “It doesn’t seem like Senate Bill 9 in its first year has resulted in very meaningful amounts of new housing,” Garcia said. “Pretty much everywhere you look, Senate Bill 9 activity is very marginal. It is nonexistent in some places.”

    Homeowners right now have an easier time building an ADU than a duplex, thanks to local and state laws that have eased barriers to construction in recent years, Garcia said. It took multiple rounds of legislation to see productive ADU development, and the same will probably be true for SB 9 projects, he said.

    Recognizing that more was needed to speed up housing construction in California, the Legislature began overhauling state ADU laws in 2016, and cities followed suit with their own local ordinances to clear red tape in the building process, which has inspired a widespread ADU movement.

    Between the start of 2017 and January 2023, the city of Los Angeles reported receiving 35,098 applications for ADUs. It has issued permits for 25,881 and 13,640 have been granted certificates of occupancy.

    Heidi Vonblum, San Diego’s planning director, said the law is new and barriers to development are still being worked out. At the same time, the city has an ADU program that “has been very attractive to property owners,” Vonblum said, while updated zoning rules and community plans have eliminated “the need to rely on other programs.”

    It’s a similar situation in Sacramento, where homeowners are allowed to build up to two ADUs on their properties, said Kevin Colin, the city’s zoning administrator. Colin’s team handles one to two ADU applications “each working day,” he said, because there’s such high interest in the projects.

    To replicate that success, the Terner Center report suggested cutting fees associated with new duplex development, or adding more uniform standards for SB 9 projects to ensure local governments can’t attach subjective criteria that discourage applications, such as architectural design requirements or stringent landscaping rules. It also proposed revising a mandate that homeowners who split their lots must live in one of the units for at least three years, a key concession lawmakers made to reduce opposition from organizations worried about gentrification.

    Senate President Pro Tem Toni Atkins (D-San Diego), author of the legislation, said SB 9 was “never intended to be an overnight fix to our housing shortage.”

    “We always said not every homeowner would be able, or want, to utilize the tools provided by the bill on Day One,” Atkins said in a statement. “Subdividing a lot, or even just adding an ADU, is a big investment. This bill was never intended to be a sledgehammer approach — it was meant to increase the housing supply over time, and as awareness of the law increases and more homeowners have the ability to embrace the tools, I’m confident that we will see results.”

    Garcia and other housing experts said slow progress could also be attributed to the effects of the COVID-19 pandemic, when prices for building materials shot up and homeowners and buyers faced significant market uncertainty. That was followed by high inflation and interest rates.

    But other factors could be contributing to sluggish SB 9 interest.

    Matthew Lewis, spokesperson for California YIMBY, a housing advocacy organization that supported SB 9, said both ADUs and duplexes have their financial and logistical pros and cons.

    ADUs are an ideal way to generate some “passive income” from a renter, Lewis said, and make great homes for aging parents or young adult children. Duplexes are good for that too, but the additional units can be sold separately for even greater economic opportunity.

    On the other hand, ADUs are typically a property extension of the main home, so it can be difficult or even impossible to separately sell the extra unit. Duplexes require significantly more financing, and the addition of a separate sewer line and water service.

    “The reality is people will follow the path of least resistance to building the house they want,” Lewis said, adding that it could be worth going back to the drawing board to ensure local governments are doing what they can to ease burdens to duplex development.

    Although the Terner Center report offers legislators a limited snapshot of how SB 9 has worked so far, the state is also expected to have more robust data available this summer.

    Any attempt to modify SB 9 this year, however, is sure to reignite opposition from many of the dozens of cities and neighborhood associations that tried to block its passage in 2021. Since then, some cities have gone to great lengths to avoid implementing the law, including the Silicon Valley suburb of Woodside, which declared itself a mountain lion sanctuary and invited a stern warning for compliance by the state attorney general’s office.

    Hannah Wiley

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  • Video of the Week: A Dramatic Modern Retreat in Los Angeles, California – Sotheby´s International Realty | Blog

    Video of the Week: A Dramatic Modern Retreat in Los Angeles, California – Sotheby´s International Realty | Blog

    Featuring curated videos from the most sought-after destinations the world over, discover this  week’s Video of the Week.

    Los Angeles, California | Sotheby’s International Realty – Beverly Hills Brokerage

    Drenched in sun, this dramatic modern retreat overlooks Nichols Canyon. A gated private driveway is your entree into a vibrant open-air compound designed to stimulate your senses and elevate your spirit with 360 degree views.

    Open living spaces and expansive floor to ceiling glass connect you with the beauty of your natural surroundings. Enjoy the bright living spaces, large balconies and lounging sun deck while basking in the sun by the refreshing pool and outdoor TV area. The surround sound movie theater awaits those movie enthusiasts with all the at home conveniences. Two primary suites and three additional bedrooms await you and your guests when you are ready to retire for the evening.

    The detached guest house can be used as a private retreat or could be transformed into work space or private gym. This over 6,000 square foot smart home is situated on nearly an acre lot above the magic and serenity of Hollywood Hills.

    Discover tours of luxury homes for sale around the world on our award-winning YouTube Channel

    Melissa Couch

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  • Living In … Coxsackie, N.Y.

    Living In … Coxsackie, N.Y.

    Natives and newcomers are transforming this Greene County town, with an eye toward preservation.

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  • Study: Florida among states with most new home builds

    Study: Florida among states with most new home builds

    Utah is the state with the most new construction homes being developed, with 11.7 new builds per 1,000 residents.

    Stuart Korfhage

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