Tag - home

Boutique Realty: One Grade Above the Rest

Boutique Realty: One Grade Above the Rest

Boutique Realty Welcoming You Home for Over 15 Years

Chesterfield, MO/September 22, 2017 (STLRealEstate.News) –Boutique Realty is just what it sounds like…a company one level above the rest! Julie Pfeifer, owner and successful real estate broker in St. Louis, has been offering highly specialized services and products to her sophisticated clientele for more than 15 years.  She created Boutique Realty of her strong desire to change the image of traditional real estate and establish an authentic approach.

In 2011, Julie began her dream by leasing an office space in Clayton which she remodeled, and “Boutiqueified.”  She continued to grow as a business owner, started a family and in 2014, moved to their current location in the Chesterfield Valley.  With its barn wood floors, plantation style shutters, vaulted ceilings, and contemporary décor, Boutique Realty’s new home embodies all the fresh, warmhearted feelings that it aspires to convey.

So, how is Boutique Realty unique?  In a day and age when high-tech is such an integral part of doing business, she has tailored her company to be able to provide the most modern, technology centered, creative and service-oriented approach to real estate sales.  Not only is each and every real estate consultant at Boutique Realty extremely qualified and licensed, driven, but each bestows upon their clients something that is ever so important…a warm, positive and friendly attitude.

Buying or selling a home doesn’t have to be confusing or difficult.  It’s one of the most personal decisions that an individual makes and the consultants at Boutique Realty strive to ensure clients make the most educated decisions and have an enjoyable and rewarding experience while doing so.  They are dedicated to providing their clients with the finest and most professional brokerage service available in the St. Louis marketplace.

Boutique Realty is also known for their charity work, Boutique created a program called Boutique Gives Back, which helps make an impact for local charities.  For every closing that takes place they donate a portion of their commission proceeds to the charity of the month.

So, whether you’re a seller, purchaser, developer or landlord throughout the St. Louis & St. Charles region, Boutique Realty’s team of educated, experienced, fun and friendly licensed associates look forward to assisting you in finding your dream home, selling your current home, or determining your investment goals.

Boutique Realty
17269 Wild Horse Creek Road Ste 210
Chesterfield MO 63005
Phone: 314-266-2520
Fax: 314-266-2536
Email us: admin@BoutiqueRealtySTL.com

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By Kara Savio – published on STLRealEstate.News by STL.Properties

Childhood home of Harriet Beecher Stowe for sale on eBay

Childhood home of Harriet Beecher Stowe for sale on eBay

HARTFORD, Conn./August 11, 2017 (AP) (StlRealEstate.News) — The birthplace of abolitionist writer Harriet Beecher Stowe, which was disassembled and stored in trailers 20 years ago, has been put up for sale on eBay.

The move is the latest in the unusual history of preacher Lyman Beecher’s Litchfield house, which was built in 1811, served as the childhood home for his 11 children and was later a sanitarium and then a dormitory for a private school.

It was sold by the Forman School for $1 and deconstructed in 1997 by a buyer who planned to move it and turn it into a museum about the early life of the “Uncle Tom’s Cabin” author. But those plans never came to fruition.

The remains of the house, which have been stored in four storage trailers in Massachusetts and Connecticut, were acquired two years ago by a Woodbury antiques dealer, Art Pappas, who is looking for someone willing to purchase and restore the building.

Pappas said he has advertised the house with organizations that specialize in the sale of historic homes and offered it to the Smithsonian and other museums, but with no luck.

“A lot of them just don’t show any interest whatsoever, which blows my mind,” he said. “It’s the birthplace of Harriet Beecher.”

Folk singer Pete Seeger also lived in the building when it was a dormitory during the 1920s.

Pappas said he’s now turned to more mainstream internet marketplaces to list the home, including Craigslist and eBay, where a $400,000 listing expires on Aug. 14. There were no bids for the property as of Friday. Pappas says the price is negotiable.

“The thing about eBay is it doesn’t really cost anything for the advertising at this point. We’ve spent a lot on advertising, but we’ve gotten more of a response from eBay and Craigslist,” Pappas said.

The antiques dealer says he has the original plans for the home and can put any buyer in touch with experts who can help put the “thousands of pieces” back together.

The home is listed on the state’s Register of Historic Places. But Rob Michalik, a spokesman for Connecticut’s Historic Preservation Office, said they have no plans to acquire the house.

“Our interest is in preserving the historic fabric of structures and given that this has been in storage for 20 year, we don’t know how much of that historic fabric remains,” he said.

The Harriet Beecher Stowe Center in Hartford also has no plans to bid on the property. Executive Director Katherine Kane said that organization’s focus remains the upkeep of the museum and Hartford house where Stowe lived as an adult on a property adjacent to Mark Twain.

“When (the birthplace) was available 20 years ago both the Stowe Center and the Litchfield Historical Society evaluated the building and determined there was not much left of it from Beecher era,” she said. “I wouldn’t say that it wasn’t worth preserving. But it’s not on the site where it was built or in the community where it was built. So it’s lost some of its context already and then being deconstructed makes it even more difficult. It’s very sad.”

Pappas said he likely will put up another 30-day listing on eBay if he gets no offers before Monday, but eventually must decide whether it might be better to sell off pieces of the home as antiques and the rest as building material.

“It can’t stay in storage forever, it will just rot at some point,” he said.

By PAT EATON-ROBB ,  Associated Press

 

George Washington’s Home to be Illuminated with Light Art on September 27

George Washington's Home to be Illuminated with Light Art on September 27

MOUNT VERNON, Va./ Aug. 2, 2017 (StlRealEstate.News) — George Washington’s Mount Vernon hosts internationally-acclaimed Swiss light artist, Gerry Hofstetter, for a spectacular light art show on the west side of George Washington’s Mansion on September 27. Mount Vernon was selected as the Virginia location for Hofstetter’s Light Art Grand Tour throughout the United States.

The Light Art Grand Tour will include stops at some of the most iconic landmarks in the United States. A range of 10 to 20 images will be broadcast onto the west façade of the Mansion using three projector locations. Hofstetter has an amazing track record of transforming monuments and landscapes around the globe into light art sculptures for brief periods of time.

This special show, which takes place from 7:45 p.m. to 9 p.m. on Wednesday, September 27, is open to Mount Vernon members only. Doors open at 7 p.m. Members are welcome to bring food, beverages, and blankets onto the grounds for this special event. For membership details, please visit www.mountvernon.org/lightart.

Hofstetter’s tour will consist of noteworthy monuments and landmarks within the original 13 states occurring in the order in which they joined the Union. The Light Art show involves images projected briefly upon the surface of the mansion. The projections pose no risk to the historic site.

For additional program details, please visit www.mountvernon.org/lightart.

SOURCE: George Washington’s Mount Vernon

US housing starts rebounded in June

Chris Kunitz, Sidney Crosby, Justin Schultz, Ian Cole - US housing starts rebounded in June

US housing starts rebounded in June 2017 as homebuilders ramped up construction

WASHINGTON/July 19, 2017 (AP)(STLRealEstate.News) — Home-builders ramped up construction in June to the fastest pace in four months, led by surges in the Northeast and Midwest.

Housing starts climbed 8.3 percent in June to a seasonally adjusted annual rate of 1.22 million, the Commerce Department said Wednesday. The gain ended three straight monthly declines and marked the strongest pace of building since February. Home construction has risen 3.9 percent year-to-date, but that slight increase has been unable to make up for the decrease in existing homes being listed for sale.

The June housing figures point to healthy demand that new construction alone has been unable to satisfy.

Fewer existing homes are being listed for sale, while purchase prices for newly built homes have surged at pace more than six times wage growth. As a result, more Americans are rushing to purchase homes but are struggling to do so because of a lack of supplies and higher costs.

Builders also face higher costs for land and materials, putting a limit on just how much construction can occur.

“Steady gains in construction are expected over the next year, supported by still-strong fundamental demand for housing,” said Jennifer Lee, a senior economist at BMO Capital Markets. “But acting as a bit of a roadblock are problems that the builders face: rising lumber costs, and shortages of labor and lots to build on, which will boost pricing.”

So far this year, builders have turned their attention toward single-family houses and away from rental apartments. Starts of single-family houses have risen 7.9 percent, while construction of multi-family buildings has slipped 4.2 percent.

Housing starts jumped a stunning 83.7 percent in the Northeast and 22 percent in the Midwest, growth that is unlikely to be sustained. The government’s home construction report can be volatile on a monthly basis. Sales edged up in the West but declined in the South.

Building permits, an indicator of future construction, were up 7.4 percent to 1.25 million.
Construction firms are confident that demand will continue, but they have also begun to temper their expectations.

The National Association of Home Builders/Wells Fargo builder sentiment index fell to 64 in July, the lowest level since November. Readings above 50 indicate more builders view sales conditions as good rather than poor.

The median price of a new home sold in May rose 16.8 percent from a year ago to a record $345,800. Prices have been increasing as demand has outstripped supply of new homes, in part because of a shortage of available building lots.

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By JOSH BOAK, AP Economics Writer

St. Louis factories wait for Trump steel tariff

St. Louis factories wait for Trump steel tariff - STLRealEstate.News

St. Louis factories anxiously await for Trump steel tariff

ST. LOUIS, MO/July 16, 2017 (STLRealEstate.News) The United States Steel Corp.’s Granite City Works have been sitting idle for the last 18-months as laid-off workers are pinning their hopes on Donald Trump’s new tariff restrictions for imported steel, which is currently running Americans out of business.  However, just across the Mississippi River, other steel manufacturers worry that these new tariffs and curbs will raise their costs and make it harder to compete with foreign rivals.  The inherent and apparent conflict is at the heart of the debate inside the administration that lobbyists and lawmakers say could delay or weaken any protections recommended by the U.S. Department of Commerce.

The reviews findings, which were originally expected by the end of June, could be unveiled at any time in the coming weeks.  For decades, since the end of the Cold War, American companies competing against China, which is flooding the world steel market with access production, have been unable to meet the mark.  According to the Bureau of Labor Statistics data compiled by the libertarian Cato Institute, steel mills and the steel production factories that now employ more than 140,000 people, compared to the 6.5 million steel-reliant manufacturers ranging from autos and appliances to machinery.  There’s a lot of room for American steel facilities to step up and supply these companies.

In Granite City today, where about 1,200 of the U.S. Steel plant’s 1,800 workers remain laid off despite the recent restart of some rolling mill operations, the feeling is one of optimistic anticipation for a brighter future.  “We’re waiting on the 232 to get us back to work,” said Chris Bragg, who was laid off in November 2015 when steel imports surged and oil prices cratered.  The result was a slashing demand for the mill’s main product, hot-rolled steel for oil and gas drill pipe.  Since then, Bragg has been working in construction from home, hopeful for a brighter future.

Buffett’s company buys 10 pct of real estate investment firm

Buffett's company buys 10 pct of real estate investment firm

OMAHA, Neb./June 26, 2017 (AP) (StlRealEstate.News) — Warren Buffett’s company is spending $377 million to pick up 9.8 percent of a real estate investment trust called Store Capital.

The Scottsdale, Arizona, based real estate firm announced Berkshire Hathaway’s investment on Monday.

Berkshire bought 18.6 million shares of Store Capital for $20.25 per share in a private placement sale.

Store Capital’s stock jumped nearly 11 percent to $23 after the investment was announced Monday.

Berkshire is a conglomerate based in Omaha, Nebraska, that owns more than 90 companies, including Berkshire Hathaway Home Services. It also owns Geico insurance, BNSF railroad and several major utilities.

Housing Tides Index™ June 2017 – Housing Data Shows Improvement as Mortgage Delinquencies and Foreclosures Fall

Housing Tides Index™ June 2017 – Housing Data Shows Improvement as Mortgage Delinquencies and Foreclosures Fall to New Lows

DENVER, COLORADO/JUNE 15, 2017 (STLRealEstate.News) This week marks the release of the June Housing Tides Report™, featuring an update to the Housing Tides Index™, an objective and sophisticated approach to quantifying and comparing the health of U.S. housing markets. This month’s Index update reveals an improvement in housing market health as loan performance improved to the best levels in nearly a decade.

Understanding the health of a housing market and its relationship to other top markets requires an aggregated, comprehensive view of the industry. The Housing Tides Index provides a succinct monthly measure of market health across the top 41 U.S. markets. Referencing 18 market indicators ranging from unemployment rates and housing permits to rental vacancy and mortgage foreclosure rates, the Tides Index helps users understand exposure at a deeper level than is currently possible.

Black Knight Financial Services (BKFS) recently reported that the mortgage delinquency rate fell to 3.62% in March, and a review of historical U.S. mortgage delinquency data provided by the Federal Reserve Bank of St. Louis shows that this is the lowest rate of mortgage delinquency since late 2007. This continues the trend of mortgage market normalization, though delinquencies have not yet fallen to their pre-recession level of less than 3% of borrowers delinquent. On a similar note, BKFS reported a fall in the foreclosure rate to 0.88% of all mortgages, which is also a multi-year low. However, considerable differences in foreclosure rates remain among U.S. states. States with a judicial foreclosure process where proceedings must go through a court still have far higher foreclosure rates; judicial states New York and New Jersey had rates over 2.5% in March per the BKFS report, while non-judicial states Colorado and California recorded foreclosure rates of 0.2% and 0.3%, respectively.

After falling at the end of 2016, median asking rents for two-bedroom units have risen in two straight months according to latest data from Zillow. Still, with the asking rate at $1,575 per month nationally in April, rents remain below the peak of $1,750 seen June 2014. We expect rent price increases to ease in the near term given the high number of rental units under construction (U.S. Federal Reserve data show 612.1k housing units in buildings with five or more units under construction in April, the highest total since late 1974).

However, despite the large number of apartments approaching completion, upward pressure on rental prices should continue due to persistent tightness and rising prices in the for-sale market. Real estate brokerage Redfin reported that housing supply edged up slightly to 3.1 months of supply nationally in April while the median sales price reached a new high of $280k. 26 of the 41 metro areas tracked by the Tides team set new highs for nominal post-recession median sales price in April.

The Federal Housing Finance Agency reported that the U.S. effective mortgage interest rate for loans closed decreased to 4.1% in April after peaking at 4.4% in February. As such, mortgage interest rates are higher than the recent low of 3.72% seen just prior to the presidential election, though rates remain favorable when compared to the historical norm.

Single-family housing permits fell sharply in aggregate across the metro areas we track, totaling just 35,600 in April after reaching 40,100 in March. Multi-family permits increased in April, totaling 24,200, but the six-month moving average fell slightly to a rate of 23,500 permits per month.

About Housing Tides

Housing Tides™ (“Tides”) is the only monthly report that provides a comprehensive measure and aggregated understanding of the health of the U.S. housing and home building industry. Designed to take the guesswork out of the vast amount of forecasting information published about this sector, Tides is a sophisticated report that delivers city-specific, updated information when market conditions change. It is the only report that uses natural language processing and machine learning to correctly understand and synthesize large volumes of data, making it more comprehensive, balanced, and reliable than any other report of its kind.

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Source: Housing Tides Report

Press Release distributed by PRWeb

Idaho woman seeks compensation for leveled home

US pending home sales improved in June

BOISE, Idaho/June 12, 2017 (AP) (StlRealEstate.News) — An Idaho woman rented her home to a man she thought had plans to buy it. He instead demolished it.

The Idaho Statesman reported (http://bit.ly/2rjmQcB ) Sunday Shammie Fisher is fighting in court to get compensation for her ruined Boise home.

Idaho Supreme Court sided with Fisher in May in her appeal of a lower-court ruling that her insurance company did not have to cover the loss. The court sent the ruling back to the district court for reconsideration.

After she got married, Fisher decided to sell her 1,152-square-foot (107 sq. meters) house.

Ron Reynoso signed a one-year purchase agreement in January 2012, allowing him to rent the home with the expectation of buying it.

Reynoso essentially planned to flip the house by March 31, 2013.

Reynoso then leveled the place.

 

Ever wanted to live in 2 nations at once? Here’s your chance

Ever wanted to live in 2 nations at once? Here's your chance

BEEBE PLAIN, Vt./June 10, 2017 (AP) (StlRealEstate.News) –For sale: A 1782 fixer-upper with thick granite walls, 1950s decor, and armed 24-hour security provided by both Canada and the United States of America.

The almost 7,000-square-foot house, cut into five currently vacant apartments, is on a lot of less than a quarter-acre that, along with the building itself, straddles the border between Beebe Plain, Vermont, and Stanstead, Quebec.

Selling a home in two countries is proving to be a challenge for the couple who owns it. The structure, which has an estimated rebuild cost of about $600,000, is on the market for $109,000. It’s structurally sound but needs lots of work. And then there’s that international border.

“In the day, it was a normal and natural thing,” Brian DuMoulin, who grew up in the house and was accustomed to life literally on the border at a time when no one thought twice about crossing from one country to the other. “Now it stresses everyone out.”

The home, known locally as the Old Stone Store, was built by a merchant so he could sell to farmers in both Vermont and Quebec. Brian and his wife, Joan DuMoulin, inherited it about 40 years ago.

Now the couple, in their 70s, who have dual U.S. and Canadian citizenship and a home in nearby Morgan, Vermont, are hoping to sell it so they can move to Ontario to be closer to their children and grandchildren.

Beebe Plain is a community in the Vermont town of Derby, which along with Stanstead, about 60 miles (96 kilometers) northeast of Montpelier, or 75 miles (120 kilometers) southeast of Montreal, have become the cliché of security changes on the U.S.-Canadian border brought on by the 9/11 attacks on the United States.

Residential streets that used to be open were blocked by gates. The back doors of an apartment building straddling the border in Derby Line village have been locked shut. The street next to the Haskell Free Library and Opera House, deliberately built in both countries, is blocked by flower pots, although Canadians are still allowed to walk to the library’s U.S. entrance without going through a border post.

The DuMoulins’ house is directly across Stanstead’s Rue Principale from the port of entry staffed by agents of the Canada Border Services Agency and adjacent to a U.S. Customs and Border Protection post.

Troy Rabideau, the U.S. Customs and Border Protection assistant port director for the area that includes Beebe Plain, said the agents know who live there, but keeping track can be a challenge.

By WILSON RING ,  Associated Press

Kentucky governor faces second ethics complaint over home

Kentucky governor faces second ethics complaint over home

LOUISVILLE, Ky./June 6, 2017 (AP) (StlRealEstate.News) — Kentucky Gov. Matt Bevin was hit with a second ethics complaint, this time from a Democratic lawmaker, over questions about the purchase of the Republican’s personal home.

State Rep. Darryl Owens filed the complaint recently against Bevin and Neil Ramsey, an investment manager and Bevin campaign donor who sold the home where Bevin and his family live.

In his complaint to the Kentucky Executive Branch Ethics Commission, the Louisville lawmaker said it appears the governor “personally enriched himself by at least a million dollars” when comparing the sale price with the assessments of the Louisville-area home and property.

Bevin and Ramsey maintain the home sold at a fair market price.

“This whole thing creates an air of ethical challenge, and I just want the ethics commission to take a look at it,” Owens said in a phone interview Monday. “There is something about this relationship and the transactions which I think warrant a review.”

Bevin spokeswoman Amanda Stamper denounced it as another “frivolous, politically motivated” complaint. She added a warning: “Complainants like these should be aware of the penalties of perjury and making false ethics violation claims.”

Owens’ filing follows a similar complaint made last month by the head of a Kentucky government watchdog group. Both complaints ask the ethics commission to investigate details of the transaction for the mansion where Bevin and his family live.

Bevin last month referred to the first complaint as political “mumbo jumbo.”

The governor bought the home and 10 acres in March for $1.6 million from a Ramsey family company, The Courier-Journal has reported.

Bevin has said he purchased the home through a limited liability company for liability and estate planning purposes, not to try to hide anything. Owens’ complaint, however, questioned whether the LLC was created in hopes of “shrouding the ownership.”

The governor appointed Ramsey to the Kentucky Retirement Systems governing board last year. Ramsey did not return a call to the KRS office Monday, but Bevin recently defended him as “a guy who is doing nothing but serving the people of Kentucky.”

As for Ramsey’s appointment to the KRS board, Bevin said at the time: “You think that’s a lottery pick?” Kentucky is struggling to plug a massive shortfall in its pension system.

Bevin purchased a portion of the property that includes the house.

The Jefferson County property valuation administrator valued the entire 19-acre tract at $2.97 million, The Courier-Journal has reported. Officials in the Louisville suburb of Anchorage valued the same property at $2.2 million, the Louisville newspaper said.

Bevin has appealed the Jefferson County appraisal.

His attorney, Richard Hornung, said the Anchorage valuation “appears to be much more accurate.” He said the $1.6 million purchase price for the home and 10 acres “is a very realistic and fair price” when factoring in easements and deed restrictions on that part of the property, and when considering the value of the property not purchased.

BRUCE SCHREINER, Associated Press