Georgian Revival

Spring Real Estate News

Looking back now as we approach the end of April, this was an active month for the real estate scene. Here are some of the highlights of the April housing scene – some good, some not so good:

Short Term Interest Rates Exceed Long Term:

Finally for the first time in decades, it is cheaper to lock into a long term mortgage rate. Imagine that – mortgage financing that helps the buyer!

According to the latest results of the Primary Mortgage Market Survey (PMMS) released by Freddie Mac, the 30-year fixed-rate has dropped down to an average of 4.80 percent. Same time last year, the rate was 6.03 percent.

A one-year Treasury-indexed adjustable-rate mortgage (ARMs) averaged at 4.82 percent. Same time last year, the same mortgage was 5.29 percent.

A five-year Treasury-indexed hybrid ARM averaged at 4.85 percent, down from 5.68 percent last year, and the lowest rated since January 2005.

House Prices Rise and Fall

For the months of January and February, house prices rose consecutively. The last time this happened was in April 2007. Then March came along and the median home price declined by 12% from the previous year.

Record Price Cuts:

The famous Bailey Mansion in New York (previously owned by circus owner James Bailey), has dropped in price from $10 million to $6.5 million in less than 6 months.

Washington’s most expensive home listing, Evermay, has dropped its asking price from $49 million to $39 million. This 3.58-acre, 12,000 square foot Georgian Revival estate has been on the market since September.

Probably the largest price reduction for a piece of U.S. real estate, the Greenwich, Conn. mansion formerly owned by the late Leona Helmsley can be had for only $75 million. This is a far cry from the original asking price of $125 million.

Foreclosures See Record Highs:

After seeing foreclosure rates dip in January, they shot up by 44 percent in March, increasing to record high 175,199. Apparently there is still a backlog of unprocessed claims that will be appearing in the next couple of months as lenders scramble to deal with the volume.

Freddie Mac Executive Found Dead:

David B. Kellermann, the acting CEO at Freddie Mac committed suicide, leaving behind his wife and daughter. Sadly, he was only one of the many victims resulting from this global financial crisis.

Jumbo Loans More Plentiful

It appeared jumbo loans had fallen by the wayside, but now lenders are looking at these loans as a new opportunity to make money, and they are definitely making a comeback. Among the many banks offering them, ING has a 30-year fixed rate loan running in the upper 5% range.

The Mortgage Reform Bill

This much awaited bill was introduced in early April in an effort to change the way lenders do business and encourage no frill mortgages with lengthy terms. It’s a shame this bill wasn’t introduced 7 years ago, much of the housing crisis may have been averted.

Incidences of Real Estate Fraud Spikes

Our vulnerable market has created a perfect climate for real estate fraud and other types of scams. Following right on the heels of Bernie Madoff, who was convicted of committing the largest investor fraud by a single person, spring has sprung with a new collection of real estate related “tom foolery”.

In early April twenty-four people in San Diego were charged with racketeering in an elaborate mortgage scheme. In Dallas, the Stanford Financial Group was recently accused of selling certificates of deposit that were never invested, in addition to numerous other fraud allegations. A Twin Cities realtor was recently convicted of mortgage fraud. A Georgia attorney recently pleaded guilty to a $28 million investment fraud scheme.

The seemingly endless flow goes on, touching on every aspect of the real estate and investment industry, from appraisers, to real estate agents, attorneys, investment brokers, mortgage brokers, and bank managers.

About the Author

Begin your search for Montgomery County MD real estate at LaurenKlineRealEstate.com. Her team will help you find the perfect Penn Quarter DC real estate.

BEAUTIFUL GEORGIAN REVIVAL

Miniatures $9.99 CD featuring Tomlinson (Artist), Rte Concert Orchestra (Artist)….

Robert Todd Lincoln’s Hildene Rober Todd Lincoln’s only surviving son built this gracious “summer cottage” in the scenic village of Manchester, VT. He called it Hildene which means, “hill and valley.” Together with his wife, they escaped from the city heat of Chicago and conducted all presidential duties fro the Pullman Car Company from his summer home. Saved from the ravaged of time and developers, the Georgian Revival mansio…

Suburban Single Family House Georgian Colonial Revival Autumn – 24W x 16H – Peel and Stick Wall Decal by Wallmonkeys $40.99 WallMonkeys wall graphics are printed on the highest quality re-positionable, self-adhesive fabric paper. Each order is printed in-house and on-demand. WallMonkeys uses premium materials & state-of-the-art production technologies. Our white fabric material is superior to vinyl decals. You can literally see and feel the difference. Our wall graphics apply in minutes and won’t damage your paint or l…

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The Abrams Guide to American House Styles (Abrams Book) $23.98 What are the unique characteristics that make a house Colonial or Craftsman, Modern or Deco, or any of the other approximately 20 styles of domestic architecture common in the United States? At a time of near-obsessive attention to home design and renovation, this compact, easily accessible guide-the only book of its kind with all color photography-makes the identification of house styles a breeze…

Georgian House Style: An Architectural and Interior Design Source Book $34.95 Re-create or restore the classical elegance of the Georgian period of architecture (1714-1830) in your home. Illustrated with specially commissioned full-color photographs and hundreds of period drawings, this handsome sourcebook. Examines the work of the outstanding architects of the time and the variety of styles that emerged. Study furnishings, fixtures, and interior details, as well as buildin…

The Parson’s Daughter …

Revival $11.49 Revival

Georgian $79.95 This new edition of Georgian: A Learner’s Grammar is a completely revised and updated guide to the fascinating and most widely spoken language of the Caucasus.

Colonial Revival Architecture $58.94 High Quality Content by WIKIPEDIA articles The Colonial Revival was a nationalistic architectural style, garden design, and interior design movement in the United States which sought to revive elements of Georgian architecture. In the early 1890s Americans began to value their own heritage and architecture. This also came after the Centennial Exhibition of 1876 rewakened Americans to their colonial past. Colonial Revival sought to follow the American colonial architecture of the period around the Revolutionary War, usually being two stories in height with the ridge pole running parallel to the street, a symmetrical front facade with an accented doorway and evenly spaced windows on either side of it. The books and atmospheric photographs of Wallace Nutting helped spur the style. Author: Miller, Frederic P./ Vandome, Agnes F./ McBrewster, John Binding Type: Paperback Number of Pages: 74 Publication Date: 2010/09/13 Language: English Dimensions: 6.00 x 9.02 x 0.18 inches

Georgian Feast $9.98 Georgian Feast

The Georgian House $6.99 The Georgian House

Georgian Songs $15.99 Georgian Songs

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Taamba RRB-FDH10-GH Golden Honey Georgian Push & Pull Set with Rectangular Plate and Georgian Handle $134.64 Georgian Push & Cabinet Pull Set with Rectangular Plate and Georgian HandleTaamba s products are hand crafted by artisans to provide your home with ageless beauty. All products carry an unconditional lifetime guarantee on materials and workmanship and are backed by Taamba s commitment to provide the best quality decorative hardware at affordable pricing. Select from the “Brassware – Solid Hand-Cast Brass Collection” available in over seven different finishes the awe inspiring “Rustic Revival Bronze – Solid Hand Cast Bronze Collection” available in three patinas finishes. There is something unique for everyone in the “RiverSlate – Granite & River Rock Cabinet Hardware Collection” or “SilkRiver – the Solid Brass Color Lacquer Knobs”.Bronze Construction12.125″ Height3.125″ Width10″ Center to Center

Taamba RRB-FDH10-SP Silver Patina Georgian Push & Pull Set with Rectangular Plate and Georgian Handle $134.64 Georgian Push & Cabinet Pull Set with Rectangular Plate and Georgian HandleTaamba s products are hand crafted by artisans to provide your home with ageless beauty. All products carry an unconditional lifetime guarantee on materials and workmanship and are backed by Taamba s commitment to provide the best quality decorative hardware at affordable pricing. Select from the “Brassware – Solid Hand-Cast Brass Collection” available in over seven different finishes the awe inspiring “Rustic Revival Bronze – Solid Hand Cast Bronze Collection” available in three patinas finishes. There is something unique for everyone in the “RiverSlate – Granite & River Rock Cabinet Hardware Collection” or “SilkRiver – the Solid Brass Color Lacquer Knobs”.Bronze Construction12.125″ Height3.125″ Width10″ Center to Center

Risk Revival $10.49 Risk Revival

Deadweight Revival $9.49 Deadweight Revival

Minor Revival $5.99 Minor Revival

The Great Revival $5.99 The Great Revival

Send A Revival $13.99 Send A Revival

Golden Treasury Of Georgian Music $14.99 Golden Treasury Of Georgian Music

Edwardian and Georgian Fiction $54 Edwardian and Georgian Fiction

At the Revival $14.99 Track Listing: 1. Stop to Praise God, 2. At the Revival, 3. I’ll Be Up There, 4. Hard Times, 5. I Love You Lord, 6. He’ll Fix It for You, 7. Jesus Kind of Man, 8. Just Love Somebody, 9. Walk Around Heaven – (featuring Mike Cook), 10. We Will Overcome

Georgian Revival Architecture in Virgini : Monument Avenue, Mccormick Road Dormitories, Fire Station No. 1 (Roanoke, Virginia) $8.81 No Synopsis Available

Gangsta Revival $10 Gangsta Revival – Pastor Troy

GTSN Top Shelf for Georgian Mantels: $433.8 Top Shelf for Georgian Mantels

GTSE Top Shelf for Georgian Mantels: $433.8 Top Shelf for Georgian Mantels

GTSW Top Shelf for Georgian Mantels: $433.8 Top Shelf for Georgian Mantels

GTSB Top Shelf for Georgian Mantels: $433.8 Top Shelf for Georgian Mantels

The Revival $13.99 Holy war in Epic, Kansas? You’d better believe it!….