A Big Montecito Estate Sells for Little Over Half Its Original $125 Million Asking Price

One of the largest residential properties in Montecito, Calif., a popular haven for wealthy, has sold for $63.25 million, about half of its original $125 million asking price, property records show.

The roughly 240-acre property initially came on the market in 2014, The Wall Street Journal reported.

Known as Rancho San Carlos, the estate includes a roughly 30,000-square-foot Monterey Colonial-style house with 12 bedrooms, 10 cottages, a small office building, equestrian facilities and about 100 acres of citrus and avocado orchards.

The property is the latest major transaction to close in the Montecito area as Angelenos head to Santa Barbara County amid the pandemic. Actor Rob Lowe and his wife Sheryl Lowe recently sold their Montecito home for $45.5 million, The Wall Street Journal reported.

Rancho San Carlos has enormous scale and a host of quirky amenities. Built around an interior courtyard, the main house has an English-style pub accessed

Read More Read more

Fall Parade of Homes highlights broad range of locations, styles and price points | Business News

Built on a 1.5-acre lot with panoramic views of rural Dane County, the $1.04 million home has five bedrooms, 4.5 baths and 5,200-square-feet of living space. The outside entryway is framed with 12 inch by 12 inch beams of Douglas fir, a bar in the basement is accented with two-inch-thick shelves made from cherry while beams on the living room ceiling are stained to match those on the entryway. The home offers up an elegant but clean and functional design from Bouril Design Studio, an architectural firm in Madison.

Fall Parade of Homes

Offices are popular among those considering a new home. Jason Kratochwill, founder of Jason Thomas Homes, has two offices in his home, which is part of the Madison Area Builders Association’s Fall Parade of Homes.

“What we’re seeing trend-wise in the market is a lot of modern takes on traditional styles,” Kratochwill said. “So, in this case,

Read More Read more

Zenith Labs Joint N-11 Reviews, Price for Sale & Benefits- Truth Revealed?

Press release content from TS Newswire. The AP news staff was not involved in its creation.

New York, 10016 ( TS Newswire ) — 06 Oct 2020

Have joint pain, muscle aches, fingers stiffness, and painful wrists and back become an integral part of your life now? Irresistible body aching, hip joints, bone stiffness, and decreasing flexibility and mobility are completely unavoidable. Do you feel sluggish at your work frequently? Does a slight backward bend feel very tough? Do you feel extra fragile and soft at every physical task or activity you do? If you have started aging, this might surely happen to you but even if you are feeling all these in your younger ages, this needs a cure. Whatsoever is your age, you deserve to live free and relaxed from any kind of body pains and stiffness. Click Here to Order JOINT N-11 Online

Read More Read more

In Quebec City, the number of properties for sale is falling while price increases accelerate

Quebec City Real Estate Market

Residential Sales – September 2020
Residential Sales – September 2020
Residential Sales – September 2020

QUEBEC CITY, Oct. 07, 2020 (GLOBE NEWSWIRE) — The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its most recent residential real estate market statistics for the Montreal Census Metropolitan Area (CMA), based on the real estate brokers’ Centris provincial database.

In total, 943 residential sales transactions were concluded in September 2020 in the Quebec City CMA, a spectacular increase of 72 per cent compared to September of last year. This was also the strongest increase in sales ever recorded for the region, all periods combined.

“Active listings of single-family homes have fallen by almost half in the past 12 months in a context where the number of transactions has seen historic growth. The Quebec City market has therefore gone from a slow recovery mode to one of accelerated growth in all

Read More Read more

Van Drew may pay price for going full Trump

Good Tuesday morning!

If Rep. Jeff Van Drew was still a Democrat, my guess is he’d be fairly comfortable right now. But a Monmouth University poll released Monday indicates that Van Drew’s refusal to vote to impeach President Trump, his subsequent switch to the GOP and then pledge of “undying support” to President Trump may have been a political miscalculation.

The poll shows Democrat Amy Kennedy leading Van Drew by five points in South Jersey’s 2nd District — or six or seven points, depending on which model is used. It also shows Joe Biden with a 3 point lead against President Trump in the district.

Yes, the Van Drew’s District is more Trump-friendly than most in New Jersey. But it’s still a swing district. And while this is looking like far from a blowout — Kennedy’s lead is within the margin of error — there’s a particularly troubling sign

Read More Read more

Current Social Capital Hedosophia Holdings Corp II Price Values Opendoor Like A High Growth SaaS Company (NYSE:IPOB)

Surge in IPOB Price Due to Opendoor Announcement

Over the last month, shares of Social Capital Hedosophia Holdings Corp II (IPOB) have risen ~70%, in large part due to the announcement that IPOB will be used to bring Opendoor public. I was an early shareholder of IPOB with the overall thesis that given Chamath Palihapitiya’s impressive track record, there was a high likelihood that he would succeed in putting together a deal that would drive up the value of IPOB. That thesis has played out as expected leaving me with another question: now that the original thesis has played out, are the shares still worth holding?

ChartData by YCharts

There is already a lot of good research on the fundamentals of Opendoor’s business, so I will not repeat those details in this article. In particular, I recommend this Seeking Alpha article Knock Knock. Who’s There? Opendoor. Chamath Just SPAC’d The

Read More Read more

Median U.S. Home Price Hits Nearly $320,000, a New Record, Redfin Says

U.S. home prices surged to new heights in September, though there are signs the country’s frenzied housing market may be cooling off, according to a new report.

The median home sold for $319,769 in the four weeks ending Sept. 27, a 14% increase from a year ago and the highest price on record, according to the report from real estate firm Redfin on Monday. U.S. home prices haven’t increased that dramatically since mid-2013.

The pandemic, which forced millions of Americans to shelter, work and school at home, has spurred intense home-buying activity. Pending sales were up 30% year-over-year in September, according to the Redfin report.

Redfin created their own measure of demand recovery, an index that in the last week of September was 34.8% higher than pre-pandemic levels in January and February.

Meanwhile, the number of active listings on the market hit a new all-time low in September, with 28%

Read More Read more

Home Prices Up 14%, But Price Growth May Wane Soon

SEATTLE, Oct. 5, 2020 /PRNewswire/ — (NASDAQ: RDFN) — The median home sale price increased 14% year over year to $319,769—the highest on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The 14% jump was the largest since August 2013. Since the four-week period ending July 5, home prices have increased 6.5%. Over that same period in 2018 and 2019, prices declined an average of 4.2%

Below are other key housing market takeaways for 434 U.S. metro areas during the 4-week period ending September 27.

  • The median asking price of new listings was up 12.8% from a year earlier. This growth rate has been declining since the four-week period ending August 30, when it peaked at 15.7%.
  • Pending home sales climbed 30% year over year.
  • New listings of homes for sale were up 5% from a year earlier. Year-over-year growth in new
Read More Read more

Wirch: Taxpayers are paying the price | Letters

In August, voters in deep-red Missouri voted to provide more people with health insurance and save taxpayer dollars by accepting federal Medicaid expansion. Missouri is the latest state to take this no-brainer of a deal. Wisconsin hasn’t, and it’s costing us money and jeopardizing people’s health.

For years, Wisconsin Republicans have played politics, resisting any attempt to accept the federal Medicaid expansion offered through the Affordable Care Act. Under Scott Walker, they refused a vote on any Democratic legislation on the issue. When Gov. Evers included Medicaid expansion in his first budget proposal, Republicans on the Joint Finance Committee were finally forced to vote, and they killed the proposal. No facts or public opinion could sway them.

Wisconsin taxpayers are paying the price. According to the nonpartisan Legislative Fiscal Bureau, accepting Medicaid funding would save $324.5 million in state taxpayer money and bring in $1.6 billion in federal funds in

Read More Read more

S&P CoreLogic Case-Shiller Index Reports 4.8% Annual Home Price Gain In July

The MarketWatch News Department was not involved in the creation of this content.

NEW YORK, Sept. 29, 2020 /PRNewswire via COMTEX/ —
NEW YORK, Sept. 29, 2020 /PRNewswire/ — S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for July 2020 show that home prices continue to increase at a modest rate across the U.S. More than 27 years of history are available for these data series, and can be accessed in full by going to www.spdji.com.

Please note that transaction records for March, April, May and June 2020 for Wayne County, MI are now available. Due to delays at the local recording office caused by the COVID-19 lockdown, S&P Dow Jones Indices and CoreLogic were previously unable to generate a valid March, April, May and June 2020 update of the Detroit S&P CoreLogic

Read More Read more