So far the 2015 market is shaping up to be a continuation of what we were experiencing in 2014 with a few differences. So here’s what’s going on in cincinnatimodern land (and beyond) as we see it:
- inventory continues to be at historic lows. Prices are starting to climb (in most areas), but slowly. Interest rates are back down to historic lows as well. This is creating a bonafide SELLERS MARKET.
- It’s a great time to buy if you are 1. patient. 2. pre approved for a mortgage and 3. have a strategy. This is where it pays to work with agents (like us) who can lead you to a good lender, supply you with listings the minute they hit the market (or before), and know how to negotiate in multiple offer situations!
- FHA has just substantially lowered the rate for its mortgage insurance, making it possible for many people to buy who previously thought they couldn’t qualify. It’s certainly worth a conversation with a knowledgable lender if you are thinking of buying any time in the near future. It does not cost anything to ask! For mortgage information and or preapprovals, contact Shawn Huss at Talmer Bank 513-703-6489.
- We are seeing the most demand for modern houses in the $150,000 - $400,000 range. We get calls regularly from other agents asking if we have anything coming to market for their clients. But OUR CLIENTS get first priority when we know of modern listings coming. It’s one of the benefits of working with us as your buyer’s agent. And it doesn’t cost you a thing. Why leave home buying to chance in such a competitive market?
- It’s also a great time to SELL (see above). We had many deals last year that were bid well over asking price. IF your house is in great condition and you price it at (or just below) market value, you have the best chance of getting the highest price. Price a house too high and no one takes it seriously.
- Many sellers think you should wait until Spring to list, but the best time to list in this market is NOW! Winter traditionally has the lowest inventory, AND we are in an inventory slump. There are rabid buyers just waiting to pounce on new listings right now (no offense to any of our rabid buyers :)!
We also have big changes coming to cincinnatimodern.com in the next month as we roll out our newly designed website (yay)! And don’t forget to mark your calendars for the 20th Century Cincinnati Show on February 21 and 22. Stop by and see us there - we’d love to talk about your buying or selling needs, or just gab about modern homes!
The Wyoming house went into multiple offers and was under contract in a week. As a matter of fact, our last 3 deals have gone into multiple offers. The market is back, baby!
Just in time for the shopping season, here is our 4th annual installment of our favorite things - gift ideas for modern design lovers!
And don't miss local shopping opportunities like the City Flea Small Mall and Mica 12/v (see above). And our personal favorite, museum gift shops - Cincinnati Art Muesum Shop, Contemporary Arts Center Gift Shop and the amazing Indianapolis Museum of Art Museum Store (just an hour and a half up the road. fab selection of jewelry - it totally puts our museum shop to shame!) Happy Holidays!
Sometimes, you just have to see what you have to see. While on our road trip East over the Summer, I decided it would really not be all that much out of the way while heading home to casually drive through New Caanan, CT. I've been entranced by Philip Johnson's Glass House since I was a kid. I used to draw pictures of my own glass house creations. I simply could not be that close to "the house" and not stop by for a look, right? But as it turns out, we drove through on a Sunday morning, and there were no tours planned. To top that off, the 'welcome center' is no where near the actual house. But thanks to some on the fly google searching and our GPS, we found it! Well, we found a massive (and ancient looking) stone wall that seemed like it was miles long, and by some strange act of fate, stopped our car at the exact point where the house was. Thanks to Kirsten (and her Cross Fit training), she climbed up on the wall for a better look, and got some pretty cool stalker-esque photos!
more information on the glass house
and philip johnson
I’m no architecture critic. But I am, by nature, critical of architecture. I can’t help it. Our latest in a series of mid distance road trips took us to Boston via Niagara Falls, Ontario, Canada. With no real knowledge of the Falls area and no expectations, we were pleasantly surprised to find the second most striking attraction in the area to be the midcentury modern Skylon Tower.
This tower, soaring 700+ feet above the falls, is a raving beauty from the exterior. I’m a sucker for shapes (Saarinen furniture, Jonathan Adler ceramics) and this one is super sexy, rising out of the landscape with grace, beauty, and a bit of Googie moxie. Completed in 1965, it was a continuous concrete pour, round the clock, for 38 days (compared to UC’s Crosley Tower, the infamous brutalist campus building, which was completed in 1969 with an 18 day continuous pour)! That’s 6,000 cubic yards of concrete, folks! The tapered shape of the tower required reducing the size of the slip form as it was inched upward, a precise operation that had not been previously attempted.
Imagine my horror to enter into the building through the game arcade level to find the entire base floor under an endless canopy of brass boob lights! Was the entire building similarly defaced? If this mish-mosh level of 80’s/90’s mediocrity and seemingly lack of maintenance was any indication, hopes were not high. As we stepped into the ‘yellow bug’ elevator pod that raced up the exterior of this edifice, I was heartened to see that it was pretty darn original. When the doors burst open onto the restaurant level, we were greeted with beautiful diamond patterned wood inlay on the walls, and subtle recessed lights on the curving ceiling as if it were still 1965. Did they actually have the forethought to leave well enough alone? The buffet dinner was surprisingly good. The views were breathtaking.
One floor up from the restaurant level is the 360 degree indoor/outdoor observation deck. The sunset view of the falls was stunning. You could even see the Toronto skyline way in the distance. The center of this level was the ubiquitous campy gift shop. It was like stepping back in time to 1965. Exactly what I would have hoped for. The journey back down in the yellow bug was just as awe inspiring. But the real treat was walking away and looking back to see the colored lights shooting up the exterior in the now dark night sky. The trap worked on this tourist!
click on image below for a short 20 second video
see these other installments in our architourism series: