Live to next to Ferris Bueller for 34 mil

You can be the neighbor to Bueller according to Page Six story

Another big mansion sale is heading for “New York’s hottest block.”

A townhouse right next to Sarah Jessica Parker and Matthew Broderick’s double mansion has gone on the market for $34.5 million. The 8,000-square-foot property, known as the Harriot Mansion, at 271 W. 11th St., features seven bedrooms and seven bathrooms, high ceilings and one of the deepest gardens in the neighborhood. The townhouse is being sold by Alicia CastroLeal Harper, whose father, Antonio Castro Leal, was a prominent diplomat and ambassador to France. Her husband, Alan Harper, a CBS producer, had purchased the home more than 40 years ago, but he passed away in 1991.

Listing broker Jenny Lenz couldn’t be reached for comment. The two attached townhouses right next door, which SJP and Broderick reportedly paid $35 million for both in 2016, are in the process of being combined into a 13,900-square-foot megamansion. On the other side is Sprint CEO Marcelo Claure, who recently bought his townhouse for $28 million.

Seattle’s Most Expensive Manse

Sam Hill only spent a portion of his life in Seattle, but the businessman and philanthropist made his mark on the burgeoning region in the early decades of the 20th century. His notable projects include the Maryhill Museum of Art and Maryhill Stonehenge, but the most iconic building he left behind within the Seattle limits is the neoclassical mansion at 814 E Highland Drive, designed by architecture firm Hornblower & Marshall around 1908.

Hill used the mansion to entertain many international dignitaries during his lifetime, although he originally built the place for his friend Crown Prince Albert of Belgium to visit. (The Crown Prince never made the trip, though.)

The Seattle Times wrote of the estate back in 1932 when it originally went up for sale. They speak of the place with the kind of purple prose you don’t quite find in the papers anymore.

That indefinable air of remoteness, intrigue and melancholy which caused the old mansion to stand out on its lonely street as if plucked from the heart of a horror tale, is slowly but effectively being dispelled.

They describe a residence that includes a secret passageway from the master suite and walls covered in “transparent colored photographs of Northwest land and sea-scapes.”

Many of the original features are gone, thanks to various renovations that occurred over the years, including one that converted it into a duplex sometime after 1937. But the concrete exterior looks very much the same from the outside.

It last hit the market in 2008 for $4,750,000, but was eventually delisted.

In the meantime, the property got a remodel. Last July, the property is popped up for a whopping $15 million, and it’s stayed there ever since. It’s the most expensive Seattle listing by $1.2 million.

814 E Highland Dr, Seattle, WA , 98102

The reason for the jump from under $5 million to eight figures? A massive renovation. We’d call it a studs-out remodel, but there are literally no studs in this concrete block of a home.

814 E Highland Dr, Seattle, WA , 98102
814 E Highland Dr, Seattle, WA , 98102
814 E Highland Dr, Seattle, WA , 98102
814 E Highland Dr, Seattle, WA , 98102

With the help of Stuart Silk Architects, interior design from Garret Cord Werner Architects and Interior Designers and landscape design by Richard Hartledge, the new version is a blend of old and new that tries not to let one overwhelm the other.

814 E Highland Dr, Seattle, WA , 98102
814 E Highland Dr, Seattle, WA , 98102
814 E Highland Dr, Seattle, WA , 98102
814 E Highland Dr, Seattle, WA , 98102

In the dining room, original steel beams that run the length of the home have been exposed to juxtapose the elegant modern redesign. In the master suite, the original floors and fireplace remain. Outside, gas-lit lamps build an ambiance similar to what it might have been like back when Hill himself roamed the grounds.

814 E Highland Dr, Seattle, WA , 98102
814 E Highland Dr, Seattle, WA , 98102
814 E Highland Dr, Seattle, WA , 98102
814 E Highland Dr, Seattle, WA , 98102

One of the most curious-looking spaces in the home has to be the gym. That’s because it was originally the horse stable. You can still see where the big stable doors once stood and the tall openings in the wall where the horses looked out from. These days it’s not only a gym but a spa room with a steam shower and sauna.

814 E Highland Dr, Seattle, WA , 98102

Also worth nothing: The home comes with the oldest working sundial in Seattle, which happens to be located on the property.

Initially, the home’s spot on the National Register of Historic Places kept its taxes practically nonexistent. But after the home made the news last year, the King County Assessor took a closer look and sent a $50,000 tax bill.

Still, at .3 percent of the home’s value, that seems like a steal for whoever can afford to buy the home in the first place.

US Job Growth Shines In June

US job growth surged more than expected in June and employers increased hours for workers, signs of labor market strength that could keep the Federal Reserve on course for a third interest rate increase this year despite benign inflation.

Non-farm payrolls jumped by 222,000 jobs last month, the Labor Department said Friday, beating economists’ expectations for a 179,000 gain.

Data for April and May was revised to show 47,000 more jobs created than previously reported.

While the unemployment rate rose to 4.4 percent from a 16-year low of 4.3 percent, that was because more people were looking for work, a sign of confidence in the labor market. The jobless rate has dropped four-tenths of a percentage point this year and is near the most recent Fed median forecast for 2017.

The average workweek increased to 34.5 hours from 34.4 hours in May. Labor market buoyancy could also encourage the US central bank to announce plans to start reducing its $4.2 trillion portfolio of Treasury bonds and mortgage-backed securities in September.

The Fed raised its benchmark overnight interest rate in June for the second time this year. But with inflation retreating further below the central bank’s 2 percent target in May, economists expect another rate hike only in December.

June’s employment gains exceeded the 186,000 monthly average for 2016, reinforcing views that the economy regained speed in the second quarter after a sluggish performance at the start of the year.

But the pace of job growth is expected to slow as the labor market hits full employment. There is growing anecdotal evidence of companies struggling to find qualified workers.

As a result, companies are gradually raising wages in an effort to attract and retain their employees. Economists expect worker shortages to boost wage growth, which has remained stubbornly sluggish despite the tightening labor market.

Average hourly earnings increased 4 cents, or 0.2 percent, in June after gaining 0.1 percent in May. That lifted the year-on-year increase in wages to 2.5 percent from 2.4 percent in May.

President Trump, who inherited a strong job market from the Obama administration, has pledged to sharply boost economic growth and further strengthen the labor market by slashing taxes and cutting regulation.

But Republicans have struggled with health care legislation and there are also worries that political scandals could derail the Trump administration’s economic agenda.

The economy needs to create 75,000 to 100,000 jobs per month to keep up with growth in the working-age population.

But there is still some labor market slack. A broad measure of unemployment, which includes people who want to work but have given up searching and those working part-time because they cannot find full-time employment, rose to 8.6 percent last month from 8.4 percent in May, which was the lowest since November 2007.

The labor force participation rate, or the share of working-age Americans who are employed or at least looking for a job, rose one-tenth of a percentage point to 62.8 percent.

Employment gains were broad in June, with manufacturing payrolls increasing 1,000 after factories shed 2,000 jobs in May. But the automobile sector lost a further 1,300 jobs as slowing sales and bloated inventories force manufacturers to cut back on production.

Do You Have Resting Rich Face

Apparently we can look at your face and determine if you are making a good living according to a recent story in New York Post. see below

Does your household earn a comfortable living? If so, you may have resting rich face.

A new study from the University of Toronto, published in the Journal of Personality and Social Psychology, found that people’s faces may reveal whether they’re rich or poor.

The study’s authors grouped subjects ages 18 to 22 into two groups — those with total family incomes under $60,000, and those with incomes above $100,000 — and had them pose for pictures without expressing any emotion. A separate group of subjects then looked at the photographed faces and determined whether they were poor or rich. They were able to guess correctly with roughly 53% accuracy, which is above random chance.

“Over time, your face comes to permanently reflect and reveal your experiences,” says study co-author Nicholas Rule. “Even when we think we’re not expressing something, relics of those emotions are still there.”

The results, which authors say were not affected by race or gender, were hard for the subjects to explain. “People are not really aware of what cues they are using when they make these judgments,” says study co-author Thora Bjornsdottir. “If you ask them why, they don’t know. They are not aware of how they are doing this.”

Of course, there are variables that this small study couldn’t account for: family incomes can change over the course of a subject’s childhood, and average income differs greatly from place to place. But study authors say that the results may provide more clues into poverty cycles and social classes.

Home Builders, Home Sellers Suddenly Shy

There is a new conversation going about hottest market in the US for housing. Sees reservations are kicking to sellers and developers. See full story realtor.com

By Jeffry Bartash | Jun 19, 2017

Steadily rising construction of new homes has given a jolt of adrenaline to the economy in the past several years, but a building slowdown raises questions about whether a key driver of U.S. growth has fallen into a ditch.

Sidetracked, perhaps. But certainly not down in the dumps.

The recent slide in construction is probably due to temporary headwinds that will soon ease. Home builders got a head start in 2017, for instance, because of an unusually warm winter that allowed them to do more work earlier in the year. Hence they don’t need to do as much in the spring.

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Not all is fine and dandy, though.

Builders say it’s tougher now than it’s been in years to find skilled carpenters, electricians and other workers critical in the effort to put up new homes. That’s might also help explain the slowdown.

“Builders continue to express their frustration over an ongoing shortage of skilled labor and buildable lots that is impeding stronger growth in the single-family sector,” said Robert Dietz, chief economist of the National Association of Home Builders.

The higher cost lumber and other raw materials is another headache for builders.

For the most part, though, the wind is mostly at the back of builders. The economy is entering its ninth year of expansion. Unemployment is at a 16-year low. Wages are rising. Household wealth has recovered. Mortgages are more accessible. And millions of Americans who could not afford a home five years ago are now able to dream of owning one.

A pair of reports this week might tamp down unease about the health of the housing market.

Sales of previously owned homes are expected to remain near a 10-year high, although they might taper off in May.

The biggest problem: Not enough people actually want to sell their homes even with demand near the highest level in years.

It’s not just home owners who don’t want to sell. Investors who bought homes on the cheap during the Great Recession and immediate aftermath might be waiting for prices to rise higher still before they sell, the National Association of Realtors contends.

“The lack of inventory of homes for sale is one of the most pressing challenges in the housing market today,” said Mark Fleming, chief economist at First American.

The lack of homes for sale is also largely behind a surge in rents and home prices in the past few years that only recently has tapered off. Prices are unlikely to fall much further, though, unless builders ramp up construction.

Sales of newly built homes in May won’t offer much proof of that. While they are forecast to rebound from a small dip in April and hover near a nine-year peak, sales can only rise as fast as builders complete new homes.

Related topics: constructionhome buildershome buildingMarketWatch

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