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Blog :: 05-2016

Castles Unlimited Blog

Check out our latest blog posts below!

The Helmer Castle in Jackson, MI

The Castle, constructed with over 500 tons of fieldstone and steel reinforcement include a dungeon below grade which is accessed through a trap door. The walls of the home are over three feet thick at the base with a lookout/sun deck on the top of the massive 7 story tower which is accessed by an iron spiral staircase. In total, the Castle has five bedrooms, three bathrooms and five fireplaces.

Shelter Island, Flathead Lake, MT

This majestic mountain aerie, Shelter Island Estate, sits atop a solid granite foundation on 24-acre Shelter Island, rising from Montana’s Flathead Lake; one of the top 3 cleanest lakes in the world. This rare offering, currently the largest private home in Montana, features over 32,000 square feet of structures and commands 7,000 feet of prime lakeside frontage, extremely unique for private ownership. Being situated next to Glacier National Park is one more facet in this incredible jewel of a property.

 

Home Sales Forecasted to Have Best Year Since 2006

Relentless supply constraints and home price growth outpacing wages are testing the patience of homebuyers this year, but existing-home sales are still on track to come in at their highest pace since 2006, according to an economic forecast forum at the 2016 Realtors® Legislative Meetings & Trade Expo.

Among the topics addressed were: the growing burden repaying student loan debt is having on young adults, the housing market and the overall U.S. economy.

Pending Home Sales Hit 10-Year High

After the housing market’s best first quarter since 2007, sales this year are expected to come in around 5.41 million, a 3 percent boost from 2015. This report represents a boom in the housing market, and a solid foundation as the spring buying season ramps up. If this growth continues, 2016 could be the best year for the real estate market in a decade. 
 

 

A Solution to The Affordabiilty Crisis? The Affordable Millennial Dreamhouse

In designing homes, there is a need for flexibility to make it financially plausible for millennials to afford ownership. That means a lower price point and space to rent out while the millennial buyer builds equity. One solution is the “responsive home” built in Henderson Nevada as a collaboration between TRI Pointe Group’s Pardee Homes and Hanley Wood’s Builder Magazine.

New Home Sales Soar Higher

New home sales data released this week showed that sales were 16.6 percent higher than March when comparing the seasonally adjusted annualized rates, and 23.8 percent higher than last year.

This news comes from estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.

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