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November 2012

Found 4 blog entries for November 2012.

If you are interested in buying a condo at the Viceroy Snowmass in Colorado, now may be the time to bite.  The developer, Related Colorado, is putting out feelers by doing a “soft offering” of approximately 10 residential units, which start at $225,000 for a studio and go up to $2 million for the larger four bedroom units.  The average price runs at about $700 per square foot, which is about a 60% haircut from the height of the market back in 2008.  

If you are interested in purchasing a luxury condo in Aspen or Snowmass Village, contact us at 970-379-6353.

 

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Taliesin West is located on the beautiful Sonoran desert in the foothills of the McDowell Mountains in northeast Scottsdale, Arizona.  Frank Lloyd Wright began building Talisen West in 1937 as his personal winter home, studio, and architectural campus.  We visited this National Historic Landmark over Thanksgiving weekend, 2012.

This desert masterpiece began when Wright fled Illinois in 1937 when his doctors told him he needed to retreat to somewhere warm to beat his pneumonia.  He stumbled upon the plot of desert land and stated “Oh, we have to build here, this is pure abstraction wherever you look.”

Wright was well ahead of today’s “green” movement; he believed in designing structures which were in harmony with humanity and its environment, a

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According to experts with the University of Southern California Lusk Center for Real Estate, population growth and demographic shifts, particularly the ongoing maturation of a diverse, well-educated Gen Y, will drive improvements in the real estate market over the next 10 years.

Additionally, Lusk Center Chairman of the Board Stan Ross points out that immigrants were responsible for 25 percent of America’s high-tech startup companies between 1995 and 2005 and 25 percent of American’s international patents.

Despite a slight dip in immigration during the recession of 2007-09, the 2010 Census showed the U.S. population grew 9.7 percent to 308,745,538 with another 3.4 percent growth predicted for 2011. Ross points out that with its 77.4 million members,

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Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates holding steady from the previous week and remaining near their all-time lows. The average 30-year fixed-rate mortgage has been below 4.00 percent all but once this year and the average 15-year fixed, a popular choice among refinance borrowers, has been below 3.00 percent since the last week in May.

The 30-year fixed-rate mortgage (FRM) averaged 3.55 percent with an average 0.6 point for the week ending September 13, 2012, the same as last week. Last year at this time, the 30-year FRM averaged 4.09 percent.

Additionally, the 15-year FRM this week averaged 2.85 percent with an average 0.6 point, down from last week when it averaged

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