Archives for June 2012

From Deep Seas to Outer Space: 30 Futuristic Home Designs

floating houseConcept designs are more than mere fantasy or idle musing – they drive real technological change, keeping us here-and-now humans looking ahead toward a never-certain future.

 

Many concepts are already in the works: cars that plug into rather than park next to homes, mobile pods for off-the-grid living and three-dimensionally-complex objects that only a few years ago were hard to model on a computer, let alone construct in real life.

From aquatic towns to orbital hotels, the above articles cover unbuilt wonders that test the limits of curry technology but also provide something for the future to look back on as a benchmark. It is always hard to say whether they will seem dated or visionary ahead of time.

It starts with a fluid central volume with operable circular windows and skylights for seasonal weather-based temperature flexibility, then spawns a series of additional indoor and outdoor spaces.

Scheduled to be constructed on the coast of South Korea by 2015, Planning Korea let each sub-structure reflect its function with respect to the whole, including party rooms, work spaces, bedrooms and lounges that jut out at angles in each direction.

A green roof also varies in height, rising toward one end of the site and sinking into a swimming pool with a view toward the ocean, reinforcing a sense of motion and creating additional views at various points along the way.

NURBan Design: Extreme Curved-in-3D Home Construction

futuristic nurbs house

With the shape of a spaceship, scaled skin of some giant serpent and amazing futuristic forms that defy easy description, this home seems like some kind of science-fiction vision or creative artist rendering … but represents a reality architects have dreamed of for decades – a whole house of NURBS.

futuristic nurbs house above

“Non-uniform rational basis spline (NURBS) is a mathematical model commonly used in computer graphics for generating and representing curves and surfaces which offers great flexibility and precision for handling both analytic and freeform shapes.” In short: they are a way to create incredible irregular shapes that are often nearly impossible to construct in the real world … until now.

futuristic nurbs house construction

Increasingly complex computer programs and precise laser-cutting techniques have turned even the most irregular, unusual and unique shapes into potentially buildable structures like this amazing new home designed by architect Enric Ruiz-Geli.

futuristic nurbs house a

The so called ‘Villa Nurbs’ is a tribute to the amazing potential of these innovative technologies and even looks (at least at first glance or in the distance) like something too perfect, too smooth and too space-age to possibly be a real building.

futuristic nurbs house exterior

Architects have been creating models of this kind for a long time and many are still beyond the capacity of construction companies and building groups, but more and more high-profile designers are pushing the limits like this and some engineering and manufacturing firms are catching up quickly.

See more At Doornob

Judicial and Non-Judicial States

In judicial states the foreclosure process must be handled through the state’s court system thus extending the timelines to bring a home to foreclosure.

VA Home Loans [Infographic]

veteran1The VA Home Loan Program has helped millions of veterans and their families buy a home, build a new home, or refinance their current home for more favorable terms.

This infographic showing how much this program has helped the veterans of the United States.

VA_Home_Loans

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National Housing Survey

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Bike Routes: On the Pavement

city-bike-willamette-mThe Burke-Gilman Trail

Call it the I-5 of bike paths. The Burke-Gilman cycle route is often jam-packed along its 18.8 paved miles curling from Ballard to Bothell. First born as a railroad run by a Judge Thomas Burke and a Mr. Daniel Gilman, the original 12.1 miles of the trail were first paved in 1978. For the 2.2-mile stretch around the northern tip of Lake Washington, nothing changed until King County completed a $4.9 million overhaul this winter.

The thoroughfare wasn’t prettified with a mere face-lift—it got a teardown. The tree-root-mangled asphalt was dug up and a new stormwater drainage system installed. Widened and with a soft shoulder added for pedestrians, the trail should be safer for its throng of daily users. Between route lighting and traffic control at street intersections, the only unsafe activity comes when you fall off and eat blacktop (that’s always going to hurt).

Some old, rooty trees were removed, replaced with dozens of poplars, alder, fir, and cedars. Other sections may get similar spruce-ups in coming years, but don’t hold your breath for the construction of the trail’s long-disputed missing link in Ballard—the city’s still mired in the bog of environmental impact checklists and superior court appeals.

The only complaint about the shiny new section thus far? It’s almost too easy for speed demons to break the 15-mile-per-hour limit on the smooth, wide trail. Maybe that makes the Burke-Gilman better than I-5. Start Pedaling Here: Golden Gardens Park at NE 80th St and Seaview Ave NW

EAST LAKE SAMMAMISH TRAIL

Tracing the entire mountainside length of Lake Sammamish, this sometimes-paved byway links Redmond to Issaquah. It’ll get an upgrade like the Burke-Gilman’s soon, but until then the hard-packed rock is suitable for everyone but Lance Armstrong wannabes on racing-style bicycles. Start Pedaling Here: NE 70th St and 176th Ave NE, Redmond

EAST MARGINAL WAY TRAIL

Thank the WSDOT (really!) for this new stretch of biking through SoDo, which separates cyclists from cars and the endless Highway 99 construction. It’s short, but since it insulates riders coming up from West Seattle, it’s oh so sweet. Start Pedaling Here: S King St and First Ave S

I-90 TRAIL

It’s the comeliest travel route to Bellevue, running across the I-90 floating bridge and Mercer Island; hook up with the Lake to Lake Trail to trade Lake Washington for Sammamish. A new extension on the westbound side heads down from the Jose Rizal Bridge from 12th Avenue South to Beacon Avenue. Start Pedaling Here: S Holgate St just east of I-5

THE INTERURBAN

A century ago, one could travel from Seattle to Everett via trolley on the Interurban Rail. Now the corridor is a bike trail, though in some spurts bike riders are deposited onto car-heavy streets. The newest bikes-only section hugs the Evergreen-Washelli Cemetery from North 110th to North 128th Streets and is notable for having lots of elbow room on weekends. Start Pedaling Here: N 110th St and Fremont Ave N

SHIP CANAL TRAIL

Wave across the ship canal to the Burke-Gilman—or the lack thereof, at its Ballard missing link—from a three-quarter-mile section completed just last November. From the Ballard Bridge, it’s an easy pedal to reach the path around the south lip of Lake Union. Start Pedaling Here: Emerson St and 15th Ave

Find other access points and route maps online:

King County Bike Maps kingcounty.gov/transportation/kcdot/roads/bicycling.aspx
Seattle Bike Program seattle.gov/transportation/bikeprogram.htm
Evergreen Mountain Bike Alliance evergreenmtb.org
Cascade Bicycle Club cascade.org

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Top Migrant Destinations

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Is It 2007 All Over Again?!

back-to-the-future-deloreanMay of 2007 was a hot month for real estate, 7311 units went pending that month. May 2012, 7295 units went pending and was the second hottest month since then, just off the peak month of April 2011.

All of King county is crying for more inventory and median prices are creeping and in some areas leaping up! Area 530 saw an increase of nearly 20%. Countywide median prices bumped up 4.93% and Eastside 1.22%

Some outlying areas are not feeling the boost. As always real estate prices are neighborhood specific.

Multiple offers continue to be the trend while 48.25% of listings sold in the first month during April. Both buyers and sellers require preparation, not everyone is aware the bottom was hit last fall and most of the screaming deals are gone. Several sellers who could not sell last year or in 2010 have been pleasantly surprised with quick sales this year enabling them to move up.

June sales may tick down in units, typical most years but the current pace does not feel typical so stay tuned.

  Residential Condo

Current Residential Active Eastside/King County Listings

1788/5039

572/1553

New Eastside/King Listings in The Month

1011/2928

253/674

% of change in Active Listings 2011-2012 East/King

-34.29/-37.44

-21.25/-32.32

Pending Eastside 2012

1012 +25.71%

291 +21.25%

Closed Eastside 2012

651 +19.01%

222 +18.72%

Closed King 2012

2056 +24.3%

562 +24.89%

Median Sales Price Eastside/King

$500,000/$362,000

$230,000/$210,000

% Change in Median Price Eastside/King

1.22 /4.93

1.1 /-2.33

When you know someone that I can help, please let me know.

Landlords Cash in on Higher Demand

landlord

A week ago, I blogged no the increase we are seeing in the local rental market.

Taking advantage of an increase in home owners-turned-tenants, apartment landlords are raising their rents and expect to continue to do so.

During the first quarter, monthly apartment asking rents increased 2.2 percent year-over-year, reaching an average of $1,070, according to Reis, a property research firm.

Vacancies are at lows and developers are trying to rush projects of multifamily housing to meet the increased demand from renters, but continued constraints on lending has put the brakes on many projects, particularly in smaller markets.

"I’m optimistic about the multifamily sector, certainly for the next two years," Kevin Thorpe, chief economist at Cassidy Turley, a commercial property brokerage, told Investor’s Business Daily. "We’ve entered a period of sustained rent growth.

The reason behind analysts’ optimism: Young professionals are increasingly turning to renting and more than 3 million former home owners, who have been displaced by foreclosures or short sales, are turning into renters.

Demand for single-family home rentals is increasing too, according to CoreLogic. A four-month supply of single-family homes is now available for rent, which is down from five months a year ago, according to CoreLogic data.

Source: “Rents Rise as Apartments See Demand,” Investor’s Business Daily (June 7, 2012)

Good News: Interest Rates Will Remain Low

trends pics3.5 % Down Payments and Jumbo Loans Available

This is a great time to be looking for a new home. Historically low mortgage interest rates will remain low for the near future. Those low interest rates keep home purchases affordable, which is good news for buyers and sellers.

With the August United States’ debt ceiling crisis behind us, many people are starting to become more confident about buying or selling their homes.

Interest Rates

In early August, the Federal Reserve pledged to maintain historical low interest rates for another one to two years. Most likely, when the Fed’s pledge ends, interest rates will have to increase. However, we don’t anticipate a significant increase in interest rates until 2013 or later.

Down Payments

Even though underwriting for home loans has tightened up over the past several years and buyers are now required to put down larger down payments and have higher credit scores, the Federal Housing Administration, or FHA, still offers mortgages with a 3.5 percent down payment.

Expiring High Mortgage Balance Loan Limits

As a result of the 2008 mortgage crisis, loan limits were increased to allow more borrowers to secure conforming loans. On the first of October 2011, these temporary limits expired, and more buyers in higher-priced markets will need jumbo loans that will carry tighter qualifying requirements (i.e. credit scores) and slightly higher interest rates.

Although many banks stopped or significantly tightened lending underwriting for jumbo loan products when the housing crisis hit, they are now back in the market and filling the void created by the expiration of the higher loans balance. That’s good news for buyers needing jumbo loans and sellers of higher-priced properties.

Conclusion

The days of reckless lending and then the market’s pendulum swing to overly conservative lending practices are gone. The good news is that we are now back to sensible underwriting. Even though we have tougher qualifying requirements – larger down payments and higher credit scores – banks still want to provide mortgages, even at historically low interest rates. Call your broker for more information when planning to buy, sell or refinance your home.

Source: Trendgraphix, NWMLS