>> AND THE AFTERNOON AND
WELCOME YOUR FUTURE HOME OF
COURSE PRESENTED BY ROCKET
MORTGAGE BY QUICKEN AND YOUR
FUTURE HOMES REAL ESTATE SHOW
WILL FOCUS ON NEW TRENDS AND
MOST IMPORTANTLY YOUR FUTURE
HOLD ROCKET MORTGAGE IS WHERE
YOU GET MORE MORE THAN EXPECTED
FROM A MORTGAGE LENDER BANK
OF CHINA.
>> THAT'S RIGHT, I'M KRISTEN
SCHOLER AND WHILE ROCKET
MORTGAGE
BY GRILLO IT IS THE PRESENTING
SPONSOR OF THIS PROGRAM, THE
OPINIONS AND STATEMENTS
EXPRESSING THE FOLLOWING
SEGMENTS ARE.
LET'S JUMP RIGHT IN THAT WE'VE
GOT A LOT OF NEWS TO GET TO YOU
HERE ON THE REAL ESTATE STORIES
THAT WE'RE FOLLOWING FOR
YOU TODAY, THE AVERAGE A
CONTRACT INTEREST RATE FOR 30
YEAR FIXED MORTGAGES DECREASED
LAST WEEK TO JUST UNDER 4%
FOR LOANS WITH A 20% DOWN
PAYMENT BUT THAT I KNEW IT WAS
ENOUGH TO PUSH REFINANCE VOLUME
UP BY ABOUT 14% FOR THE WEEK
AND UP A
133% YEAR OVER YEAR ACCORDING
TO THE MORTGAGE BANKERS
ASSOCIATION'S INDEX, A TOTAL
MORTGAGE APPLICATION VOLUME WAS
UP 8% FOR THE WEEK AND WAS 58%
HIGHER THAN A
YEAR AGO, MORTGAGE APPLICATIONS
FOR HOME PURCHASES WERE UP
ABOUT 10% FROM LAST YEAR AND
THE BALL HOUSING MARKET IS
BENEFITING FROM THESE LOWER
RATES BUT SUFFERING FROM A LACK
OF AVAILABLE HOMES FOR SALE,
THIS
IS MINISTER ALL RIGHT FOR A
LONG A LONG TIME RIGHT
PARTICULARLY HOSE AT THESE
ENTRY LEVEL PRICES ACCORDING TO
THE NATIONAL ASSOCIATION OF
REALTORS SALES OF HOMES AT THE
LOWER END OF THE MARKET.
AUGUST COMPARED WITH LAST YEAR
BUT SALES OF HOMES PRICED ABOUT
$500,000. ACTUALLY SAW
BIG GAINS.
>> YEAH AND A LOT OF CONCERN
OUT THERE NOW THAT WE HAVE
THESE NEW JOB NUMBERS THAT DID
BY THE WAY COME CLOSE TO
EXPECTATIONS. BUT THE WAR A LOT
A LITTLE
BIT LOWER
IS IT MORE GUST RATES ARE LOWER
THIS WEEK HOW IS THAT ALSO
IMPACTED BY THE JOBS NUMBERS
ARE A LOT LATER TODAY AS WELL
REEF.
>> FINANCING REFINANCINGS
FIRST-TIME HOMEBUYERS I MEAN IT
AFFECTS A WIDE GAMUT HERE,
YES, ART.
>> MEANWHILE, THERE ARE MANY
REASONS WHY LIVING NEAR A
TRADER JOE'S CAN BE VERY
BENEFICIAL FOR YOU, MANY OF
THEM OF
COURSE DELICIOUS BUT ACCORDING
TO A RECENT STUDY CAN ALSO
INCREASE YOUR HOME'S VALUE OUT
OF DEBT, THE SOLUTIONS WHICH IS
A PROPERTY DATABASE FOR
CONSUMERS AND BUSINESSES
ACTUALLY LOOKED AT THE IMPACT
OF THE PROXIMITY
OF GROCERY CHAINS TO YOUR
PROPERTY VALUE THEIR RESEARCH
FOUND THAT LIVING NEAR A TRADER
JOE'S ACTUALLY GIVES HOMEOWNERS
A BIG RETURN ON
THEIR INVESTMENT. THE DROP THE
GROUP COMPARED THE IMPACT OF
LIVING YOUR TRADER JOE'S A
WHOLE FOODS OR AN OUTING STORE
IN 2000 ZIP CODES ALL ACROSS
THE COUNTRY. I MEAN LOOK AT THE
CURRENT AVERAGE HOME VALUE, THE
5 YOUR HOME PRICE APPRECIATION,
THE AVERAGE HOME.
WHAT THE SELLER PROFITS AND
EVEN THE FLIPPING RIGHT, SO
HERE'S ALL THE JUICE HERE THE
AVERAGE HOME SELLERS RETURN ON
INVESTMENT FOR THOSE
ZIP CODES WAS 37%
BUT LIVING NEAR A TRADER JOE'S
WILL THAT INCREASE RETURN ON
THE INVESTMENT TO 51% ALSO
LIVING YOUR WHOLE FOODS AREN'T
ALL THE NET AND A 41% RETURN AS
WELL THE ALSO GO INTO DETAIL,
KRISTEN ABOUT IF YOU WILL
A HOME AND YOU ALSO LED BY AN
AUDI THOSE NUMBERS GO UP EVEN
MORE AS A RESULT ALL THE MORE
IN THAT WHOLE FOODS AND TRADER
JOE'S BUT THIS JUST REINFORCES
THE NOTION HERE
FOR REALTORS ALL-TIME LOCATION
LOCATION LOCATION LOCATION AND
DOES THIS MEAN A LOT MORE
GROCERY STORES WILL THEN START
PUTTING MORE STORES IN UP AND
COMING AREAS AS
A RESULT.
>> SO TRUE BECAUSE JUST YET WE
DON'T SEE MASSIVE
E-COMMERCE PLAYS FOR A TRADER
JOE'S OR EVEN ALL THE REALLY IS
HE STILL GOT TO GO TO THAT
PHYSICAL STORE TO TAKE
ADVANTAGE OF THE DEAL.
>> AND WITH ITS OWN TE'O I MEAN
EVERY APARTMENT I LOOK AT
ALWAYS NEEDS TO BE NEAR A
TRADER JOE'S OR
WHOLE FOODS ANYWAY BY A TRADER
JOE'S BAKER OUT EVERY ONE
DOLLAR OF BUYING EVERY I AND
ALL THAT TO BACKTRACK ON
BRINGING WITH IT I KNOW IT IS A
GOOD PLACE AT TO GET TO GET
SOME GOOD GOODS. I WAS ABOUT
THE NEWS YOU'RE GOING TO FIND
HE HAS JUST SOLD
HER SPEECH WE'RE ALL IN BEVERLY
HILLS, THE STATE FOR CLOSE TO
22 A MILLION DOLLARS THE
ORIGINAL ASKING PRICE
WAS 35 MILLION BUT ACCORDING TO
REPORTS IT IS STILL ONE OF THE
BIGGEST RESIDENTIAL SALES IN LA
IN RECENT MONTHS.
THE SINGER SONGWRITER, BUT THE
HOME BACK IN 2006 WITH EX
HUSBAND, GAVIN ROSSDALE FOR
JUST OVER 30 MILLION DOLLARS
THE PROPERTY BECOMING A
LIFESTYLE.
IMAGES IN THE
LISTING SHOW STRIPED AND
SPOTTED PRINTS NEON PINK
FURNITURE, A RETRO YELLOW BED.
BRIGHT RED BATHROOM AND A LARGE
SCULPTURE OF A
RAIN OUT SIR US IS THAT THE
DEAL YOU'RE OKAY WAS BUILT IN
2003 AND MEASURES ALMOST
16,000 SQUARE FEET. IT'S GOT 7
BEDROOMS A GYM AND MASSAGE US
ON AREA AND ATTEND
THIS COURT LOOKS PRETTY
BEAUTIFUL GORGEOUS OF COURSE
THAT WAS STARTED HER CAREER AND
THE BAND, NO DOUBT HAS
GONE SO SINCE RECENTLY
HEADLINING HER OWN SHOW IN LAS
VEGAS. YES AND ALSO JUST
RINGING IN HER 50TH.
TODAY THERE YOU SEE YOUR KNEW
HER KNEW OF HER NEW MAIN
SQUEEZE ON THE SCREEN WAS YOU
KNOW WHAT.
>> LIKE SO MUCH ABOUT GWEN
STEFANI IN PARTICULAR AND HER
HOUSE REALLY EMULATE WHO
SHE IS WELL I LOVE THAT BRIGHT
COLORFUL PERSON AND OBVIOUSLY
HOW SHE'S DECORATING HER HOUSE
AS YOU MENTIONED FROM THE BED
COLLARS TO WALL CALLERS TO
ROOM COLLARS ALL COMING IN THE
LATE SCORE. SHE IS A PERSON A
LOOK AT THE DESIGN OF THIS, BUT
IT LOOKS LIKE A PLACE THAT GWEN
STEFANI WOULD OR E RUPAUL WOULD
BE LIVING LIKE THAT.
>> A DRIVE-BY HAD OBVIOUSLY GOT
TO GET ASKING PRICE
FOR IT.
>> ALL RIGHT, SPEAKING OF
CELEBRITIES, WE HAVE A DOUBLE
DOSE OF CELEBRITY REAL ESTATE
FOR THAT THIS WEEK DESIGNER
TOMMY HILFIGER HAS
FINALLY FOUND A BUYER FOR HIS
PLAZA HOTEL PENTHOUSE
AFTER ALL LEG, 10 YEARS OF
BEING ON AND OFF THE MARKET
ACCORDING TO THE NEW YORK POST
HILFIGER AND HIS WIFE DEE
OCAMPO ARE IN CONTRACT FOR
THEIR TROPHY
MANHATTAN PENTHOUSE FOR A COOL
33 MILLION BUCKS OVER THE PAST
DECADE, THE ASKING PRICE HAS
BEEN AS HIGH AS ANY MOVE FOR
THE
CORONER DUPLEX BUT ACCORDING TO
SOME REPORTS SOME OF THE HOMES
WERE ELECTRIC FURNITURE IS ALSO
INCLUDED IN THE DEAL NOW IT IS
ONE OF THE CITY'S FEW RESIDENTS
IS WITH ITS
OWN TOURETTE THE ART OFF-FIELD
HOME ALSO INCLUDES A MURAL OF
THE PLAZA'S MOST FAMOUS
RESIDENT THAT BEING ELOUISE
WHICH WAS HAND PAINTED
BY HER CREATOR HILARY KNIGHT,
IT FEATURES 10 TO 35 FOOT
CEILINGS AND VIEWS OF CENTRAL
PARK AND 5TH AVENUE,
THE UPPER LEVEL IS ALSO REACHED
BY A SPIRAL STAIRCASE
AND IT EVEN INCLUDES AN ORNATE
FIREPLACE THE SPACE IS FILLED
WITH UNIQUE DESIGNS AND DETAILS
AND SOME OF THE BEDROOMS AND
THEY'RE DECORATED IN A NOT A
COAL AND ROCK AND ROLL FAME AS
WELL THAT HEALTH EGGER SPENT
MOST OF THEIR TIME
AND THESE DAYS OF COURSE IN
THEIR CASTLE IN GREENWICH
CONNECTICUT AS WELL SO WE'LL
JUST SPEND THIS MUCH MONEY ON
THIS PLACE. I WOULD SAY NO
WHICH IS PROBABLY WHY THE
ASKING PRICE HAS BEEN SO HIGH
RISE BY WHITES BUT ON THE
MARKET FOR A WEAPON YET.
>> RAISED ONLY A LOT OF FOREIGN
BUYERS, A LOT OF FOREIGN
INTERESTS. BUT WE'VE HEARD THAT
THAT HAS DRIED UP OF LATE JUST
BECAUSE OF
GEOPOLITICAL FACT.
>> THERE IS OUT THERE LIKE
TRADE WAR WITH CHINA AND OTHER
COUNTRIES TOO BUT I DON'T KNOW
IT DOESN'T GET MORE ICONIC THAN
THE PLAZA HOTEL AND CERTAINLY