Real Estate 12/13/14

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RealEstate Saturday, December 13, 2014

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Jennifer Ewing, second right, and her husband Florian Thiel pose for photos with their children Max, left, 3, and Felix, 8-months, outside their new home in Seattle’s Ballard neighborhood. The couple recently closed on the three-bedroom house, which cost slightly less than $500,000. They moved to Seattle from New York, another city that matches the pattern of high-income jobs and even more expensive housing. AP Photo/Elaine Thompson

FEATURE:

Why areas with good jobs have hard-to-afford homes BY JOSH BOAK  THE ASSOCIATED PRESS

Around the country, areas with the strongest job markets increasingly have some of the costliest homes. And areas with the most affordable homes lack a solid base of middle class jobs that attract workers. College graduates and younger families have been clustering in coastal cities such as New York, San Francisco and Seattle, where

incomes are generally ample and solid middle-class jobs plentiful. Yet studies and government data show that homes in these areas have become prohibitively expensive. The result is that the dream of home ownership for many is proving frustrating, being deferred or abandoned, even for people with comfortable incomes.

“This great mismatch is hurting middle class people who would like to be homeowners,” said Nela Richardson, chief economist at the real estate brokerage Redfin. Roughly 40 percent of households in New York, San Francisco, Seattle, parts of Connecticut and Colorado, and Washington, D.C., earn more than CONTINUED ON PAGE 2

FEATURED HOME OF THE WEEK

FEATURED PROPERTY OF THE WEEK

CreekStone Homes Under $400,000 in D20!

5261 Kenosha Pass | $407,000 Reduced to $398,554 Neighborhood: Cordera Hours: Sales Office located at 5620 Leon Young Dr.; 10 am – 6 pm, Mon. – Sat. and noon – 6 pm, Sun. Directions: From Powers Blvd., head east on Research Pkwy., turn north on Tutt Blvd. Follow signs to CreekStone Homes Contact: CreekStone Homes, 719-368-7945

New Construction On the Golf Course

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3776 Hill Circle | $949,500 BY APPOINTMENT ONLY Neighborhood: Kissing Camels Agent/Company: Kevin Patterson, 719-575-1200, The Patterson Group

Luxury golf course residence at “The Greens!” This beautiful custom 5 bedroom, 5 bath home was built in 2013 and is situated to provide spectacular golf course and mountain views. The main level features a great room with fireplace and walkout, separate dining room, gourmet kitchen with breakfast area and two master suites. The lower level features a family room, 3 bedrooms, 2 baths, unfinished bonus room and tons of storage space. HOA dues include landscape, exterior water and maintenance.

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