Location: Renton, Wash. Price: $2,488,000 The Skinny: This 3,800-square-foot glass and concrete number lies on 70 feet of Lake Washington waterfront and features a "spa," media room, deep-water mooring, and boulder-lined swimming pool. Apparently, all those luxuries...
Year: 2011
Outbursts
What does it mean when three model-matches go pending the same week? Casual observers might think, "the market's picking up!" It makes people wonder if they sold too cheap. It'll make sellers think they should adopt the "wait it out" program. But those paying...
Sowden House
From the latimes.com: Nearly a decade after he purchased Lloyd Wright's 1926 Sowden House and pumped more than $2 million into the historical property, designer Xorin Balbes has put the Mayan Revival on the market. The home has a rectangular design. Its rooms open to...
SD Case-Shiller: Why?
From the S&P press release: New York, March 29, 2011 - Data through January 2011, released today by Standard & Poor’s for its Case-Shiller Home Price Indices, the leading measure of U.S. home prices, show further deceleration in the annual growth rates in 13...
Construction-Defects Lawsuit
From the U-T: The condo owners in the landmark El Cortez Hotel building in downtown San Diego have received a $6.4 million settlement in a construction-defect lawsuit and are moving to fix the many water leaks that were detected even before they moved in. "I believe...
’72 Custom
In the confidential remarks of the listing, the agent notes that "the seller reserves the option to waiting to respond to offers up until April 15th". As a result, buyers may hesitate on this one (Peak urgency is usually around Day Four of the listing period).
Free Lunch For Who?
From HW: Bank of America will begin a new pilot program in the next few weeks, allowing some California homeowners to receive a principal writedown on their mortgage. The program will be funded from the $699.6 million the California Housing Finance Agency received...
Preliminary March Numbers
The next Case-Shiller reading is coming out tomorrow, and you can bet that the MSM will be screaming double-dip all day. Because the C-S index will be reflecting the Nov-Dec-Jan numbers, it'll be dated for those who are thinking of moving today. What is happening in...
This Is Wrong
Hat tip to SM for sending this along from the nytimes.com: Mr. Engle’s is a tale worth telling for a number of reasons, not the least of which is its punch line. Was Mr. Engle convicted of running a crooked subprime company? Was he a mortgage broker who trafficked in...
Cliff
Cliff May began designing and building homes in his early-20s, but wasn't licensed as an architect until the last year of his life (1908-1989). He spent his boyhood summers at his Aunt Jane McGee's home at the Los Flores adobe on Rancho Santa Margarita y Las Flores,...