Jumbo Loans are Back with a Bang to Fuel the Luxury Real Estate Market by Selena Cowell Is the luxury real estate market on the mend? Home sales and prices are gradually rising in those places where the wealthy would like to plant their mailboxes–such as Chicago’s North Shore, the San Francisco Bay area, the haute Hamptons and the Rancho Santa Fe and La Jolla areas near San Diego. According…
Making Your Home Look Luxurious Without Breaking the Bank When purchasing a home it comes down to price, function and luxury. Most people look for and want as many luxuries as they can get for the right price. In new home purchases, these are often called “upgrades,” and they can run into thousands of dollars. For those who can’t afford a total remodel or who prefer not to spend a…
by Roberta Murphy We have noted a decided uptick in our own luxury real estate market in San Diego. Home shoppers from Europe, Canada, Mexico, Asia and the United States seem to have collectively decided that now is the best time to invest in coastal San Diego–in communities ranging from Coronado and downtown San Diego to La Jolla, Del Mar, Solana Beach and Rancho Santa Fe. Apparently, this is a…
by Roberta Murphy There may be lots of dismal news about the real estate economy, but there is still lots of interest in the luxury home market–and curiosity about the most expensive zip codes for median home prices. Ever on top of these things, Forbes.com has compiled a list of the top 500 zip codes in the country and which certainly reach beyond the dominating states of California and New…
by Roberta Murphy Most of us appreciate the earthy luxury of a true wine cellar and also see the value of repurposed materials emerging as elements in our homes. But how about a slice from the best of both worlds and have rich wood flooring crafted from old California wine barrels? I’ve seen serving trays and other novelties emerge from wine barrel tops, but hardwood flooring from the actual wine…
by Roberta Murphy A couple of years ago we were buzzing about the possibility of Slumburbias–where Baby Boomers were abandoning cul de sacs, suburbs and the McMansions battled for a decade ago. Instead, they wanted something smaller, something in a walkable neighborhood, something that didn’t require 100 square feet devoted to lawn mowers, clippers and tools. They still long for the freedom to lock and go, the freedom to travel,…
Oh Dear… Yesterday, good friend and Sacramento real estate broker Gena Riede declined to take a $2 million listing in Whitney Oaks–located in Rocklin, just outside Sacramento. The home has magnificent views, is in a fine golf course neighborhood, and offers over 7000 square feet of potential living area. This was a listing appointment that Gena had prepared for in detail. She had reserved space here for an article about…
Soak the Rich? Yesterday, the Associated Press reported that millionaires are fleeing their luxury homes in New York to establish residency in less-taxing states. As a result, New York is receiving far less revenue than was expected from the wealthy since these wealth taxes were enacted last April. Call it the law of unintended consequences. To be fair, many of these losses come from scaled-back salaries and layoffs on…
by Roberta Murphy Bernie Madoff is headed for several lifetimes in prison–and which leads us to wonder: Where are the cushiest prisons? And wouldn’t you know, Forbes.com provides a timely list of the top-rated federal prisons. They looked for such amenities as email, proximity to major airports, weather and internal substance-abuse programs, a sentence-reducing ploy used by non-addicted white collar criminals. Other qualifiers for the luxury prison list include pleasant guards,…
by Roberta Murphy Luxury Home Digest is neutral politically and generally focuses on luxury homes and real estate issues. But with a journalism background, there are several things I abhor–including mean-spirited personal attacks, hackers, shoddy reporting, and abuse of publishing power. Not that we expect great things from grocery store rags like US Weekly, National Enquirer and Star Magazines, but I think we expect more from the glossy mags than the cheapie newsrags. …
