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Plans for Arcadia Frank Lloyd Wright House include tours, weddings

Early plans for the David and Gladys Wright House envision the Arcadia home as a visitors’ destination, including a shaded garden and underground education center for tours, performances and weddings. Site maps and a list of property uses — submitted to the city late last week — are the first official look at how the owner of the Frank Lloyd Wright-designed house intends to open it to the public. The documents were filed as the first of many steps to seek a special permit allowing the uses in a residential … [Read more...]

Many Owners May Underestimate Their Equity

A large number of home owners may be erroneously perceiving themselves as underwater on their mortgage, suggests a new analysis by economists at the University of California, Berkeley. Between mid-2011 and the fourth quarter of 2014, home prices nationally have risen about 20 percent. But in a recent Fannie Mae National Housing Survey, the percentage of home owners who perceived they were underwater on their mortgage averaged about 6 percentage points more than estimates from other national surveys. According … [Read more...]

5 Things Every Home Should Have

Every designer has his or her own style rules. Over the years, I’ve honed mine down to the top five that I come back to again and again. Follow these ideas — or break them if you see fit — and I guarantee you’ll be able to take any space from feeling like it’s a boring, everyday thing to something you love every day. 1. A midcentury piece. I’m a huge believer in always using at least one midcentury modern element for a number of reasons. For one thing, the design period, despite no longer being … [Read more...]

Save Money With Smaller Jumbos

Government-backed jumbo loans can be cheaper and easier to get than jumbos that exceed the $625,500 federal limit Home buyers trying to purchase a pricey property will probably need a jumbo loan—a mortgage that exceeds government limits. But there are different types of jumbos, and some are a little easier and cheaper to get than others. But first, a handy breakdown for those befuddled by the confounding terminology of the mortgage business: Conforming mortgages are capped at $417,000 and backed by … [Read more...]

Jumbo Borrowers Get The Red-Carpet Treatment

A growing economy in 2014 meant that affluent home buyers had the confidence to take on debt for both primary residences and second homes. It’s awards season in the U.S., when the entertainment industry celebrates its top movies, music and TV shows. If the mortgage industry gave out prizes, jumbo borrowers would be big winners. Some highlights from 2014: • For a five-week stretch between August and September, jumbo rates were lower than those for comparable conforming mortgages. • Many banks and credit … [Read more...]

8 Laundry Room Ideas to Watch For This Year

The laundry room is one of those spaces that, if you’re lucky enough to have one, is always in use. If you have a large family, your laundry machines are likely running every day — sometimes even every night. With so much time being spent in these hardworking spaces, it’s worth taking the time to make them as functional and efficient as possible. Pullout drying racks, expansive folding counters and plenty of storage are sure to help you get the job done, but don’t overlook pet-washing stations or wine … [Read more...]

More Americans Are Going Solo

Single adults will change the face of the housing industry The U.S. is becoming a nation of singles. According to the Bureau of Labor Statistics, half of all American adults live in one-person households, and this demographic is heavily influencing the companies that want to reach out to them. Restaurants are including more communal seating to be inclusive for single diners. Multifamily communities are offering shared spaces such as home theaters, outdoor spaces, and work areas so that singles can socially … [Read more...]

Why Prospects of Condo Comeback Are High

Condo sales have been on a roller coaster ride in recent years, as the recession hit the sector hard. But is the country ready for a condo revival? In 2005, condo sales surged to 12.7 percent of all home sales. But the financial crisis caused the condo market to recede — even more so than the single-family market — with sales falling to 10.7 percent of all home purchases in 2009. "Condo sales moved sideways several years after the recession before picking up steam again in 2013," CoreLogic Deputy Chief … [Read more...]

There is a Light at the End of the Phoenix Recovery Tunnel

Phoenix may have to wait another two years to make it out of the prolonged recovery following the worst economic calamity in four generations. The word from speakers at the SRP Economic Forecast 2015 presented by thePhoenix Business Journal is that 2016 is year of full recovery. A group of more than 700 business professionals gathered at the J.W. Marriott Phoenix Desert Ridge Resort & Spa to hear the advice. It’s been a long, slow climb, and the light at the end of the tunnel has been seen for over a … [Read more...]

Switching Up a Colonial Home to Suit a Modern Family

Floor plan labels are thrown out the window as a designer helps a family shape rooms to fit the way they live The layout of their colonial home in East Greenwich, Rhode Island, was not working for this active family of five. “The house was not cozy or kid friendly,” says interior designer Jocelyn Chiappone, of Digs Design Company. The family room was too small, they used the formal dining room only for Christmas dinner, and the living room was full of uncomfortable small-scale inherited antiques. After getting … [Read more...]

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