The first two model show-homes are complete! Central Florida’s newest enclave featuring in-home spa services and extra kitchens geared for catering is a reality through the Four Seasons Resort.
These are the country’s first single family homes affiliated with Four Seasons, according to Walt Disney World.
Buyers in the new neighborhood may use the resort’s golf course, clay tennis courts, adult-only and family pools, lazy river, water slides and weekly “dive-in” movies. They may dine at the resort’s six restaurants or book in-home catering and spa services.
Like other residents of Golden Oak, Four Seasons home buyers also can use the Summerhouse club with its concierge services, lounge, fitness center, restaurant and entertainment rooms.
All buyers become club members and the annual dues are $16,889. Homeowner association dues cost $24,514 for Four Seasons Residences, compared to $5,735 in most neighborhoods within Golden Oak.
Get up close to over 400 of the world’s most exotic cars, race cars and Hollywood movie cars, all lined up for concours judging along Celebration’s spectacular lakefront promenade in this premier concours event.
Ferrari, Maserati, Lamborghini, Lotus, Aston Martin, Spyker, Saleen, McLaren, DeLorean and many more ultra-exotic marques are displayed and judged, culminating with an awards presentation starting at 3 pm, where the owners will drive their winning cars across the red carpet to receive their trophy!
This event benefits the Make-A-Wish Foundation!
NEW YORK – March 9, 2017 – Borrowers are getting spooked by rising mortgage rates and, as a result, rushing to lock in rates before any further increases. That, in turn, is pushing mortgage application volume higher – increasing a seasonally adjusted 3.3 percent week over week, the Mortgage Bankers Association reported Wednesday.
More buyers are also turning to adjustable-rate mortgages (ARMs) to try to get more savings in their monthly payments too.
“Mortgage rates increased last week as remarks by several key Federal Reserve officials strongly signaled a March rate increase,” says Joel Kan, an MBA economist. “This was further supported by a few solid economic data releases, including GDP, inflation and manufacturing gauges.”
The 30-year fixed-rate mortgage increased to 4.36 percent from 4.30 percent the previous week, the MBA reports; and the share of ARMs reached its highest level of mortgage applications since 2014. The average loan size for purchase applications also reached a survey high of $313,000.
Refinance volume was up 5 percent last week. Applications for home purchases rose 2 percent higher for the week and, and they’re about 4 percent higher than a year ago.
The MBA says mortgage volume remains 18 percent lower compared to the same week a year ago. Volume is mostly lower from a year ago due to a significant decrease in refinance applications from a year ago when interest rates were lower. Refinance volume is down 34 percent annually.
Source: “Borrowers Rush to Beat Rising Rates, Pushing Mortgage Volume 3.3% Higher,” CNBC (March 8, 2017)
© Copyright 2017 INFORMATION, INC. Bethesda, MD
The term “smart house” was coined in the 1980s to refer to a home with integrated telephones, lighting, audio and security.
Today, a smart home is defined as equipped with network-connected products…connected via Wi-Fi, Bluetooth or similar protocols for controlling, automating and optimizing functions of the home.
This definition stipulates that the home has internet access, a smart security or temperature system and at least two other smart features, such as appliances, entertainment devices, cooling or heating equipment, lighting, landscaping elements, air quality monitors or thermostats.
Anything mentioned above that you can add to your home will increase your home’s value.
NEW YORK – Aug. 22, 2016 – Economists are having a tough time figuring out what housing market moves baby boomers will make next. Americans over the age of 55 are veering from previous generations, opting not to retire but instead launching second or even third careers. They are shunning the traditional patterns of retirement, and that could have a big impact on their housing choices, according to a Freddie Mac Insight report.
Baby boomers are a critical piece to the housing market puzzle. Americans over the age of 55 make up a quarter of the population and control about two-thirds of the single-family home equity in the nation. Sixty-five-year olds who, on average purchased a home 35 years ago now tend to have a home value that is likely 3.7 times the purchase price.
Nearly a quarter of baby boomers recently surveyed by Freddie Mac say they need major renovations in their current home in order to stay there as they age – and many say they face financial constraints to take on those remodels. And some of the baby boomers may be underestimating the financial costs of outfitting their home with age-in-place features, says Sean Becketti, Freddie Mac’s chief economist.
As a result, about 18 million homeowners over the age of 55 may be shopping for another house in the next few years, according to the Insights Report.
Unlike earlier generations, however, baby boomers’ main reasons to move aren’t due to downsizing. Instead, the survey showed the key influences making these generations move are: Affordability of the community, the need for retirement amenities and a home with less maintenance.
Bottom line, the authors note: The 55-plus population is likely to be an active part of the housing economy for years to come still.
Source: “Boomers Ignoring Conventional Housing Wisdom,” Mortgage News Daily (July 19, 2016)
© Copyright 2016 INFORMATION, INC. Bethesda, MD