Survey Shows Renters More Optimistic About Buying

Renters in today’s market may have seen the value of their parent’s homes sky rocket, then deplete, or they most likely know someone who’s home is up for foreclosure. According to a survey done by the PulteGroup, The hope of home ownership is still in the air for many who rent and want to buy. Survey results showed that 60% of renters who said they would like to buy a home in the future have increased their intent to buy a home in comparison to a year ago. 61% of those folks also said they planned to purchase a home within the next two years.

When asked if they thought buying a home was a good investment, 44% of those poled said yes. According to Builderonline.com, the PulteGroup’s responded to the overall survey results with “We are seeing a renewed sense of optimism, especially from young professionals and young families visiting our communities nationwide,” Deborah Meyer, PulteGroup senior vice president. Many factors went into this survey and interestingly enough the pole also found that just over 1/4 of those poled believe that renting is cheaper than buying, and a little shy of a quarter are still worried about a stable job. For more information on Rentals and For Sale listings in the area, visit Craistlist.

Only One Unit Left in the Art Stable!

There is only one unit left for sale in the Tom Kundig designed Art Stable in the South Lake Union neighborhood! Check out this listing, along with others for sale/lease, that the folks over at Urbnlivn have compiled.

Looking for a Unique Rental? Live in a Church!

If you’ve been searching for a rental unlike any other around town, check out this converted home on Ballard that was once an actual church! This quirky 6,300 sf Ballard landmark, located at 2007 NW 61st St is partially renovated for residential living quarters, and has that spooky haunted house/old spirits lurking around the church feel to it.

Photo Courtesy of RedFin

This 6 Bedroom, 3.25 bath is equipped with a bell tower, abandoned tricycles amidst the entryway and a relatively large attic space and can be your humble abode for $789,000. Find other listings in the Ballard neighborhood here.

3 Generations In 1 Home

What’s the average family living under 1 roof look like today? Three generations under 1 roof is becoming a common theme around America; as today’s economy continues to hammer down on consumer finances, an influx of 20-30 year old offspring are moving in with mom and dad to help with the costs of living. According to CNN Money, 4.4 Million US Homes have 3 generations or more living under the same roof, a 15% increase from 2008.

Photo Courtesy of Wallpaperfx

Multi-Generational homes, while not the ideal living situation for many, does have it’s pay offs. Everyone typically saves money, and it’s an advantage to have multiple wage earners in the same household. This can cut child care expenses, and duplicate costs, and can give older children the opportunity to go back to school while job opportunities are down. Builders are also acknowledging this as a lead after the recession, as these families will want  to move into larger homes, with more bedrooms to accommodate everyone. They can rest assured that this is true, because they are already beginning to build add-ons for already existing homes to accommodate multi generations.

3 Generations In 1 Home

What’s the average family living under 1 roof look like today? Three generations under 1 roof is becoming a common theme around America; as today’s economy continues to hammer down on consumer finances, an influx of 20-30 year old offspring are moving in with mom and dad to help with the costs of living. According to CNN Money, 4.4 Million US Homes have 3 generations or more living under the same roof, a 15% increase from 2008.

Photo Courtesy of Wallpaperfx

Multi-Generational homes, while not the ideal living situation for many, does have it’s pay offs. Everyone typically saves money, and it’s an advantage to have multiple wage earners in the same household. This can cut child care expenses, and duplicate costs, and can give older children the opportunity to go back to school while job opportunities are down. Builders are also acknowledging this as a lead after the recession, as these families will want  to move into larger homes, with more bedrooms to accommodate everyone. They can rest assured that this is true, because they are already beginning to build add-ons for already existing homes to accommodate multi generations.

Banner Building

The Banner Building is a luxury condominium building located in Belltown, Seattle.  The building is at 80 Vine St. and was built in 1994 and designed by Weinstein Copeland Architects.  Comprised of both residential and commercial properties, Banner was built with the concept of work/live spaces in mind.  The building won multiple AIA awards , and was one of the first work/live buildings in the city.  The 26 units are loft-style open shells with high ceilings and exceptionally large windows.  The interiors themselves are very industrial, with exposed beams and concrete floors.  There is currently only one condominium for sale in the Banner building, which is just over 1,000 sf and is on the market for $420,000.  Please follow the link to find full listing details or search Seattle luxury condominiums for sale

Building:
Banner Building
Address: 80 Vine St.
Yr Built: 1994
Construction: Concrete & Metal
No. of Buildings:  1
No. of Stories: 7
No. of Units: 31- 26 res. 5 com.
Views: City, Lake, Mountains
Parking: Common Garage
Pets: Sub. To Restrictions 

Four Seasons Private Residences Restructures Debt

The Four Seasons Hotel and Private Residences located in Downtown Seattle was facing financial troubles after having nearly $34 million in construction liens, defaulting in 2009.  These troubles were much in part due to slow sales when the Seattle real estate market was beginning to fall apart.  The building opened in 2008 with 36 residences, which range in price from $2-$10 million.  According to a Seattle Times article published today, the owners of the building, Seattle Hotel Group LLC, have dug themselves out of this hole with financial restructuring.   Last week, the Seattle Hotel Group received a loan for $26 million towards the debt, owed to Washington Real Estate Holdings.  For now, things are looking up for the ultra luxurious downtown Seattle condominiums.  There are eleven residences still for sale in the building.  Please follow the link to see one of these luxury condominiums full listing details and photos.