While speaking before the New Jersey League of Community Bankers, Office of Thrift Supervision director John Reich called for a partnership between individual states and a federal regulator to establish and enforce minimum mortgage standards.
Reich blamed the current mortgage crisis on a period of unsustainable housing appreciation which led to a flurry of loose lending practices carried out largely by unregulated and poorly regulated firms nationwide.
“An argument can be made that if bank-like regulation had applied to home mortgage lenders of all stripes, the barrage of subprime lending and the intensity of the current crisis could have been prevented,” he told attendees in a prepared statement.
“Federally-insured depository institutions were held to a higher standard of underwriting, transparency, and capital to withstand losses when home prices inevitably turned south and the market began to unravel.”
To that end, Reich noted that a level playing field doesn’t currently exist, with mortgage brokers and bankers subject to more inconsistent regulation than banks and thrifts.
“We must establish a level playing field with the same rules for all competitors in the home mortgage sector, so standards do not fall to the lowest common denominator,” he said.
“All entities that originate home loans should be required to comply with basic credit principles, such as a reasonable assessment of the borrowers’ ability to repay.”
Reich concluded by suggesting that the OTS serve as this new federal regulator, with plans to release a blueprint later this year.
“The OTS has the most extensive expertise of any regulatory agency in the oversight and supervision of mortgage banking operations and I believe the OTS is in the best position to assume federal authority to regulate the currently unregulated players in mortgage banking.”
Often referred to as the heartland of America, Kansas presents a rich collection of experiences, landscapes and communities. As the Sunflower State unfolds across the vast plains, a series of stellar towns and cities are revealed, each boasting its own unique charm and allure.
From bustling urban centers to serene suburban havens, choosing the best places to live in Kansas can be both exciting and daunting. This article ventures into the distinctive nooks and crannies of Kansas to spotlight the crème de la crème of living destinations in this diverse state.
Population: 197,106
Average age: 38.5
Median household income: $92,769
Average commute time: 20.4 minutes
Walk score: 35
One-bedroom average rent: $1,102
Two-bedroom average rent: $1,330
When it comes to finding the best places to live in Kansas, Overland Park often tops the list, and it’s easy to see why. This Kansas City suburb boasts a harmonious blend of modern amenities and scenic beauty, making it a hotspot for families and professionals alike. Its well-planned streets are lined with top-tier schools, meticulously maintained parks and trendy shopping areas. Plus, with its strong sense of community, low crime rate and flourishing job market, residents here get to enjoy a quality of life that’s hard to find elsewhere.
But Overland Park is not just about statistics and accolades. It’s where the aroma of freshly brewed coffee wafts from Homer’s Coffee House, kids pedal their bikes under the shade of mature trees and on weekends families flock to the Overland Park Farmers’ Market for the freshest produce. It’s a place where life unfolds at a manageable pace, and that’s just the way locals like it.
Population: 95,256
Average age: 28.2
Median household income: $56,536
Average commute time: 20.4 minutes
Walk score: 41
One-bedroom average rent: $832
Two-bedroom average rent: $980
Lawrence is one of those standout spots that consistently ranks among the best places to live in Kansas. Home to the prestigious University of Kansas and Haskell Indian Nations University, this town doesn’t just thrive on academic prowess; it’s a haven for art lovers, foodies and outdoorsy types. The historic Massachusetts Street, often referred to as “Mass Street”, is a bustling boulevard peppered with quirky boutiques, artisanal eateries and cozy bookshops, making it a popular hangout spot for students and families alike.
But what truly sets Lawrence apart is its strong sense of community. Streets echo with the sounds of cheering (“Let’s go, Jayhawks!”) during basketball season, and local parks are abuzz with picnics next to the Kansas River. Its eco-friendly initiatives, combined with a dedication to preserving local history, mean that while the town looks toward the future, it always keeps one foot in its rich past.
Population: 33,743
Average age: 48.5
Median household income: $156,538
Average commute time: 21.9 minutes
Walk score: 22
One-bedroom average rent: $1,864
Two-bedroom average rent: $2,253
Those fortunate enough to call Leawood home revel in the town’s commitment to maintaining an environment that’s equal parts luxury and family-friendly. Excellent schools, safe neighborhoods and a responsive local government ensure that residents enjoy a top-notch quality of life year-round.
Leawood’s charm lies in the details: the well-attended community events, the impeccably manicured lawns and the artisanal bakeries where every pastry tells a story. The town center is a hub of activity, where locals can be seen sipping wine or grabbing gourmet bites from Paros Estiatorio, all while forming lifetime connections.
Population: 54,763
Average age: 24.6
Median household income: $50,957
Average commute time: 17.4 minutes
Walk score: 39
One-bedroom average rent: $855
Two-bedroom average rent: $932
Manhattan stands out with a dynamic blend of youthful energy and timeless appeal. Affectionately known as “The Little Apple,” this town is home to Kansas State University, a powerhouse of learning and innovation. With students from all corners of the globe, the university injects a college-town flair into the heartland, making Manhattan an unexpected melting pot of ideas and traditions.
But there’s more to Manhattan than just academia. The city pulses with life, from the inviting restaurants of Aggieville to the picturesque trails of Tuttle Creek State Park. Families appreciate the top-tier schools and low crime rates, while adventurers relish the outdoor activities available right at their doorstep.
Population: 58,388
Average age: 38.2
Median household income: $90,487
Average commute time: 20.1 minutes
Walk score: 33
One-bedroom average rent: $1,678
Two-bedroom average rent: $1,970
When scouting for the best places to live in Kansas, Lenexa often emerges as a top contender. This lively suburb is known as a community where innovation meets recreation. Lenexa is renowned for its annual Great Lenexa BBQ Battle, where smoky aromas fill the air and talented grill masters showcase their culinary prowess. Yet, beyond its flavorful festivities, the city offers a ton of experiences that cater to residents of all ages.
Families in Lenexa enjoy the peace of mind that comes with top-rated schools and safe neighborhoods. Fitness enthusiasts and nature lovers alike gravitate towards the extensive trail system, while the bustling public market draws in those with a penchant for fresh produce and handmade goods.
Population: 395,699
Average age: 35.3
Median household income: $56,374
Average commute time: 18.7 minutes
Walk score: 35
One-bedroom average rent: $842
Two-bedroom average rent: $997
As the largest city in the state, Wichita firmly cements its place among the best places to live in Kansas. With its unique blend of urban sophistication and old-school charm, this city provides everything from cutting-edge theaters to historical museums, showcasing the city’s unique past.
But Wichita’s allure isn’t solely based on its landmarks or history. It’s a city of progress, where a thriving economy offers ample job opportunities in a range of industries. Residents appreciate the affordable cost of living, complemented by a wide selection of housing options to suit every preference. Families flock to local parks like the gorgeous Sedgwick County Park for weekend picnics. Meanwhile, foodies revel in the eclectic dining scene and shoppers find solace in local boutiques and sprawling malls. To put it simply, it’s a place where everyone can find and enjoy their niche.
Population: 143,014
Average age: 35.2
Median household income: $96,548
Average commute time: 21.9 minutes
Walk score: 30
One-bedroom average rent: $1,025
Two-bedroom average rent: $1,250
Olathe seamlessly combines the conveniences of city living with the allure of suburban life. It’s no wonder that families, young professionals and retirees are drawn to Olathe’s well-paved streets, dotted with both historical landmarks and contemporary marvels. The city’s commitment to excellence is evident in its quality schools, innovative small businesses and pristine parks, most notably Prairie Center Park.
Olathe doesn’t just rest on its laurels as a Kansas City suburb; it continuously strives to enhance the lives of its residents. The local farmers market is a weekly spectacle, offering the freshest of produce and artisanal goods, ensuring families have access to the best. Recreation takes center stage, with countless trails, lakes and sports facilities catering to fitness freaks and leisure junkies alike.
Population: 20,795
Average age: 31.6
Median household income: $57,053
Average commute time: 12.1 minutes
Walk score: 39
One-bedroom average rent: $667
Two-bedroom average rent: $755
Hays undoubtedly stands out as one of the best places to live in Kansas. Known as the gateway to the High Plains, Hays boasts a legacy rooted in the Old West, with landmarks like the Sternberg Museum of Natural History offering glimpses into a time long past. With a growing arts scene, innovative educational institutions and a strong economy driven by local businesses and global enterprises, Hays has a bright future ahead of it and longtime locals know this to be true.
Life in Hays is an appealing mix of relaxation and excitement. The local restaurants serve up delicious dishes that tell stories of the varied influences that have shaped the town, while numerous festivals and events throughout the year always ensure there’s something to look forward to.
Population: 39,712
Average age: 39.5
Median household income: $52,277
Average commute time: 15.9 minutes
Walk score: 35
One-bedroom average rent: $619
Two-bedroom average rent: $849
As one of the top spots to live in Kansas, Hutchinson has a unique blend of cosmic exploration and earthly delights. The acclaimed Cosmosphere Museum is a space enthusiast’s dream, housing the largest collection of Russian space artifacts outside of Moscow.
Back on land, Hutchinson doesn’t disappoint. The downtown area buzzes with activity, from boutique shopping experiences to cafes brewing the perfect cup of joe. The city’s commitment to the environment is evident in its lush parks and dedicated biking paths, providing ample opportunities for outdoor relaxation and neighborly connections.
Population: 125,963
Average age: 38.1
Median household income: $50,870
Average commute time: 20.5 minutes
Walk score: 37
One-bedroom average rent: $831
Two-bedroom average rent: $910
A city with a storied past, Topeka played a pivotal role in the nation’s civil rights journey, and its streets and art galleries bear witness to milestones that shaped America. Today, the city is a hub of governmental affairs, where decisions made within the elegant walls of the State Capitol reverberate far and wide.
Yet, Topeka is more than just its political pulse. The city is alive with parks, eateries tantalizing taste buds with local flavors and events fostering a close-knit community bond. With a thriving arts scene, exemplary schools and a strong commitment to economic growth, Topeka is not just a place to live, it’s a place to build the life you want.
It’s about time you call Kansas home
Kansas is more than just sweeping plains and golden sunsets; it’s a state where every city and town holds a unique story, waiting to be discovered. While each has its merits, certain towns stand out, presenting an unmatched blend of community, opportunity and quality of life.
As we’ve journeyed through the best places to live in Kansas, it’s evident that the state offers a haven for everyone, whether you’re seeking urban excitement or suburban tranquility. In the vast expanse of Kansas, the perfect apartment awaits every discerning hunter. You just have to know which town to look in to find it.
Louisiana, the jewel of the South, is not just a state but an experience. While New Orleans often hogs the limelight, there are tons of hidden gems that call out to those in search of the perfect place to call home.
This article unveils the allure of some of these gems, showcasing why they proudly stand among the best places to live in Louisiana. Each city, with its own unique flair, offers a captivating glimpse into life in the Pelican State.
Population: 376,971
Average age: 37.2
Median household income: $45,594
Average commute time: 23.7 minutes
Walk score: 58
One-bedroom average rent: $1,399
Two-bedroom average rent: $1,800
Situated along the winding curves of the Mississippi River, New Orleans is undoubtedly one of the best places to live in Louisiana. Louisiana’s largest city is not merely a spectacle for tourists, but a welcoming home for its residents.
Despite its party-centric reputation stemming from legendary Bourbon Street, New Orleans boasts a relaxed pace of life. To put it simply, NOLA is a place where front porch conversations are a daily ritual, and where a strong sense of community is as enduring as the ancient live oaks that line the city streets.
Moreover, New Orleans offers an economic landscape as flavorful as its famous gumbo. Being a key port city, it has plenty of employment opportunities in maritime industries, alongside healthcare, education and technology. Life here extends beyond the working hours into the evenings filled with jazz tunes bumping out of The Spotted Cat Music Club, informal gatherings over Creole cuisine and weekends exploring the countless historical sites surrounding the iconic City Park.
Population: 222,185
Average age: 32.0
Median household income: $44,177
Average commute time: 27.1 minutes
Walk score: 39
One-bedroom average rent: $1,042
Two-bedroom average rent: $1,220
The majestic silhouette of the State Capitol, the tallest in the United States, stands as a sentinel to Baton Rouge’s past while signaling a future filled with promise. Here, in Louisiana’s second-largest city, the serenity of life by the banks of the Mississippi is complemented by a burgeoning economy led by jobs in petrochemicals, medical research and education. The food scene is a mirror to the soul of Baton Rouge, where traditional Southern fare melds effortlessly with modern culinary delights.
Life in Baton Rouge is often described as easy-going, yet filled with small, everyday adventures. It’s a place where weekends are eagerly awaited, not just to break from the work routine, but to explore the myriad parks, lakes and landmarks peppered throughout the city limits. The city’s sports scene is nothing short of legendary, with college football games transforming weekends into an electrifying festival of camaraderie. College town vibes are palpable with reputable institutions like Louisiana State University and Southern University, making it an enticing place for families and recent grads.
Population: 121,771
Average age: 36.4
Median household income: $55,329
Average commute time: 25.5 minutes
Walk score: 42
One-bedroom average rent: $1,257
Two-bedroom average rent: $1,525
Lafayette’s deeply rooted Cajun and Creole heritage is reflected in its food, music and community celebrations. A city that dances to the rhythmic beats of Zydeco music, Lafayette invites everyone to partake in its joie de vivre. Its heritage is not just a thing of the past, but a living, breathing essence of the community. Lafayette’s culinary scene is a dialogue between tradition and innovation, where classic Cajun and Creole dishes meet contemporary creativity.
When it comes to the daily grind, Lafayette boasts a flourishing economy with noticeable growth in healthcare, education and technology. The city prides itself on having a friendly business environment and a supportive community that cherishes local enterprises. The educational landscape is nothing to scoff at, led by University of Louisiana at Lafayette, instilling a youthful energy into the city’s rhythm. Being a smaller city, Lafayette has less traffic and a closer-knit community feel compared to its larger counterparts, yet with all the amenities and opportunities one would anticipate in a modern urban setting.
Population: 184,021
Average age: 36.1
Median household income: $41,782
Average commute time: 19.1 minutes
Walk score: 31
One-bedroom average rent: $993
Two-bedroom average rent: $1,346
Perched along the western banks of the Red River, Shreveport firmly claims its title as one of the best places to live in Louisiana. Not to be outshined by its neighbors, this city serves as a magnet for those seeking a harmonious blend of southern hospitality, diverse economic opportunities and easy access to a ton of outdoor activities. Numerous theaters, live music venues and art galleries stand as a testament to the city’s commitment to fostering the arts. Meanwhile, its bustling riverfront area showcases a delightful mix of shops, restaurants and music venues that entice residents and visitors alike.
Daily life in Shreveport is defined by a harmonious balance of work and leisure. The city boasts a robust economy thanks to key industries like healthcare, energy and manufacturing. On weekends, residents often find themselves casting a line in the serene Cross Lake, exploring the scenic trails of the Red River National Wildlife Refuge or perhaps indulging in a little fried food with friends. In essence, Shreveport combines the allure of a larger city with the warmth of a smaller town, making it a compelling contender among the best places to live in Louisiana.
Population: 81,097
Average age: 35.5
Median household income: $52,986
Average commute time: 21.7 minutes
Walk score: 37
One-bedroom average rent: $802
Two-bedroom average rent: $935
With its picturesque lakeside setting and classic Southern charm, Lake Charles is undeniably one of the best places to live in Louisiana. This Southwest Louisiana city provides a serene backdrop for a full life. Being a major hub for the petrochemical industry, it’s not just the waters of Lake Charles that glisten, but also the promise of economic opportunities. Yet, it’s the easy access to the great outdoors, from fishing on the lake to strolling the lush parks, that provides a pleasant contrast to the industrious heartbeat of the city.
Life in Lake Charles feels like a breath of fresh air. Residents revel in the city’s many festivals celebrating everything from Mardi Gras to pirates. The food scene, a delightful mix of Southern classics and innovative gastronomy, offers fresh fare that would tantalize any palate. In the realm of education, Lake Charles stands strong with reputable schools, like McNeese State University, contributing to the city’s learned atmosphere. Regardless of how you look at it, Lake Charles is a prime spot in Louisiana to settle down in.
Population: 138,511
Average age: 41.9
Median household income: $65,740
Average commute time: 21.0 minutes
Walk score: 54
One-bedroom average rent: $1,087
Two-bedroom average rent: $1,497
Just a stone’s throw away from the hustle and bustle of New Orleans, Metairie confidently establishes itself among the top spots to live in Louisiana. While it basks in the proximity to the Crescent City’s festivities, Metairie has carved out its unique identity, serving as a haven for those seeking suburban comforts with urban conveniences. Boasting the state’s largest shopping mall, Lakeside, and the scenic beauty of the Metairie Lakefront, the city cleverly blends commerce with leisure, allowing its residents to shop till they drop and then relax by the water’s edge.
Metairie’s tree-lined streets, bustling shopping districts and a solid selection of dining options offer an ever-engaging lifestyle. Family-centric events dot the calendar year-round, from the family-friendly Mardi Gras parades to the local farmers markets. It’s a place where schools are top-notch, parks are aplenty and where neighbors greet each other by name. Proximity to New Orleans means that a more frenetic nightlife or a dose of jazz is just a short drive away, yet many are content with the more mellow offerings of Metairie.
Population: 17,590
Average age: 41.4
Median household income: $44,688
Average commute time: 24.4 minutes
Walk score: 65
One-bedroom average rent: $995
Two-bedroom average rent: $1,217
Situated on the west bank of the Mississippi River across from New Orleans, Gretna might appear as a quaint, lesser-known town, but it holds its own among the best places to live in Louisiana. With its picturesque historic district, antebellum homes and bustling open-air markets, Gretna provides a sweet escape from the city’s clamor while being just a ferry ride away from the heart of the Big Easy. The town’s old-world charm is amplified by its brick-lined streets, where each corner seems to whisper tales from yesteryears, and the iconic David Crockett Firehouse, which stands as a proud testament to the town’s storied past.
With a community that celebrates together, from Gretna Fest to the melodies of the weekly concert series at the Market, there’s a palpable sense of camaraderie. Economically, the city boasts a thriving local business scene, supported by a community that values local products and services. Furthermore, Gretna’s educational institutions are lauded for their excellence, ensuring a bright future for the town’s younger generation.
Population: 62,865
Average age: 34.8
Median household income: $50,027
Average commute time: 19.0 minutes
Walk score: 31
One-bedroom average rent: $1,096
Two-bedroom average rent: $1,317
Bossier City isn’t just about glitzy casinos and entertainment hotspots; it’s a place where the pull of community spirit is just as magnetic as the allure of its boardwalk. Bossier City is like a masterful magician, balancing the thrills of urban life with the tranquility of picturesque neighborhoods and green spaces.
The rhythm of everyday life in Bossier City is a dance of opportunity and relaxation. The local economy is buoyed by a mix of retail, technology and defense jobs, thanks to the presence of Barksdale Air Force Base. For families, the city provides a sanctuary of top-tier schools, expansive parks and a healthy selection of outdoor activities. With its harmonious blend of economic growth, communal events and serene living spaces, Bossier City offers residents an enriching life right on the Red River’s shores.
Population: 44,787
Average age: 37.2
Median household income: $43,760
Average commute time: 24.5 minutes
Walk score: 30
One-bedroom average rent: $575
Two-bedroom average rent: $650
Hidden away in the heart of the state, Alexandria radiates an allure that firmly establishes it among the prime places to live in Louisiana. With the Red River gracefully snaking its way through the town, Alexandria’s scenic beauty is complemented by a thriving city center. It’s a place where history feels alive, evident in the preserved 19th-century homes of the Garden District and the majestic Hotel Bentley, a beacon of architectural splendor and timeless luxury.
The pulse of Alexandria is a harmonious blend of commerce, recreation and community ties. The city’s business landscape is diversified, spanning healthcare, education and retail. For residents, life is beautifully punctuated with visits to the Alexandria Zoological Park, afternoon strolls in the lush greenery of the City Park or perhaps indulging in the local dining scene, which offers a delicious marriage of traditional Southern flavors with contemporary twists.
Population: 28,658
Average age: 39.5
Median household income: $57,920
Average commute time: 25.7 minutes
Walk score: 36
One-bedroom average rent: $1,132
Two-bedroom average rent: $1,325
Located on the northeast tip of Lake Pontchartrain, Slidell shines brilliantly when it comes to places to live in Louisiana. With its alluring combination of waterfront vistas, majestic oak trees and a bustling town center, Slidell effortlessly blends the tranquility of lakeside living with the verve of modern life. It’s a place where sailboats dot the horizon by day, while the city lights paint a mesmerizing picture by night.
Life in Slidell is all about savoring the small moments while embracing the vast opportunities the city offers. A hub for shopping enthusiasts, the Fremaux Town Center boasts a range of retailers that satiate every shopping whim. Meanwhile, foodies can enjoy a taste of Louisiana’s culinary magic in the city’s many restaurants. For families, Slidell comes alive with parks, top-notch schools and community events that foster a tight-knit bond among residents of all ages.
Life is good in Louisiana
From the rhythmic streets of New Orleans to the tranquil shores of Slidell, Louisiana unfolds as a landscape of diverse experiences and unparalleled beauty. Those in search of a place to root themselves will find Louisiana’s cities and towns to be more than just places to live; they are gateways to a life rich in tradition, innovation and community spirit.
Discovering the best places to live in Louisiana is akin to uncovering hidden treasures, each more dazzling than the last. Whether you’re drawn by the promise of economic opportunity, the classic charm of historic districts or the embrace of a tight-knit community, the perfect Louisiana apartment awaits, ready to welcome you with open arms.
Nestled among the rolling hills of Los Angeles, the legendary neighborhood of Bel Air has long been synonymous with opulence and seen as the pinnacle of West Coast luxury living.
And for good reason.
Located directly across from the iconic Sunset Boulevard, the world-famous enclave — whose very name is associated with lavish estates, Hollywood glamour, and understated affluence — continues to captivate both the privileged few and those who aspire to call it home.
Bel Air’s reputation as an exclusive haven for the world’s elite is well-earned, and its prestigious zip codes are graced with stunning architectural marvels, each a testament to the grandeur and sophistication that defines the area.
With bigger lots and more expensive residences than the equally famous Beverly Hills (which sits merely a few miles away), Bel Air effortlessly combines the allure of old-world charm with the comforts of contemporary living.
The reasons behind Bel Air’s enduring appeal are as diverse as the people who are drawn to its lush landscapes and private estates.
Breathtaking canyon views, impeccably manicured gardens, and a sense of seclusion rarely found in the midst of a bustling metropolis are just some of the factors that make this neighborhood an aspirational address for many.
The allure of Bel Air isn’t solely about its extravagant homes; it’s about the lifestyle it offers — a unique blend of tranquility and proximity to the cultural heartbeat of Los Angeles.
Bel Air mansions for sale
Today, we’ll explore a curated list of the most extravagant mansions currently on the market in Bel Air, each a testament to the neighborhood’s unmatched desirability and exclusivity.
These residences are more than just houses; they represent a way of life that is the envy of the world. Join me as we embark on a journey through the opulent world of Bel Air real estate, where luxury knows no bounds.
#1 755 Sarbonne Road, Bel Air – $39,900,000
Photo credit: Anthony Barcelo courtesy of Westside Estate Agency
Villa Sarbonne, one of the most impressive Bel Air houses currently up for grabs, sits mere minutes away from the neighborhood’s famous The One mansion — developer Nile Niami’s record-breaking project, which was once listed for $500 million.
With an impressive 15,000 square feet of ultra-luxurious living space, Villa Sarbonne has 6 bedrooms, 10 baths, and a long list of amenities.
To name just a few, 755 Sarbonne Road features a private wine cellar, home theater, library, a gourmet home kitchen, and a separate chef’s kitchen, as well as a wellness center with a travertine-clad steam room.
Photo credit: Anthony Barcelo courtesy of Westside Estate AgencyPhoto credit: Anthony Barcelo courtesy of Westside Estate AgencyPhoto credit: Anthony Barcelo courtesy of Westside Estate AgencyPhoto credit: Anthony Barcelo courtesy of Westside Estate AgencyPhoto credit: Anthony Barcelo courtesy of Westside Estate Agency
Stand-out features include a sculptural staircase and a 5,000+ sq. ft. terrace with panoramic city-to-ocean views.
Photo credit: Anthony Barcelo courtesy of Westside Estate AgencyPhoto credit: Anthony Barcelo courtesy of Westside Estate Agency
The property is listed with Kurt Rappaport at Westside Estate Agency, who shares the listing with The Agency founder Mauricio Umansky and Farrah Brittany, also with The Agency.
#2 10702 Levico Way, Bel Air, California – $30,950,000
Photo credit: Anthony Barcelo courtesy of Westside Estate Agency
This quintessential Bel Air mansion sits in the ultra-exclusive, guard-gated community of Levico Estates, on a massive 4.3-acre lot.
Photo credit: Anthony Barcelo courtesy of Westside Estate Agency
Featuring over 12,000 square feet with every conceivable amenity, the luxury property has 6 bedrooms, 9 baths, a stunning 2-story entry, a large living room, a library/office, a gourmet kitchen with family room, a gorgeous primary suite with dual baths and closets, a gym, and a wine cellar.
Photo credit: Anthony Barcelo courtesy of Westside Estate AgencyPhoto credit: Anthony Barcelo courtesy of Westside Estate AgencyPhoto credit: Anthony Barcelo courtesy of Westside Estate AgencyPhoto credit: Anthony Barcelo courtesy of Westside Estate Agency
And while the opulent interiors definitely caught our eye, the amenity list continues as we step outside, where the generous 4+ acre lot has everything from an outdoor loggia to a pool house, championship tennis court, large lawns, and gardens — all opening up to 360-degree city and canyon views.
Related: The ‘Fresh Prince of Bel-Air’ House Isn’t Even in Bel-Air
Photo credit: Anthony Barcelo courtesy of Westside Estate AgencyPhoto credit: Anthony Barcelo courtesy of Westside Estate Agency
The trophy property at 10702 Levico Way is listed with Kurt Rappaport of Westside Estate Agency.
#3 1740 Bel Air Rd – $19,900,000
Photo credit: Trevor Tondro courtesy of the Fridman Group / Compass
As the listing puts it, this “masterpiece of artful design nestled in the secluded hills of Bel Air… immediately transports you to a level of world-class beauty, serenity, and tranquility from the moment you enter the privately gated driveway.”
Built in 2014, the massive 11,246-square-foot home sits on a generous one-acre lot located just a short drive from world-class luxury shopping, fine dining, and entertainment venues.
With 7 bedrooms, 10 baths, a beautifully appointed open-concept living space, and floor-to-ceiling windows that showcase killer views, the property at 1740 Bel Air Rd is rightfully touted as a private sanctuary.
Photo credit: Trevor Tondro courtesy of the Fridman Group / CompassPhoto credit: Trevor Tondro courtesy of the Fridman Group / CompassPhoto credit: Trevor Tondro courtesy of the Fridman Group / CompassPhoto credit: Trevor Tondro courtesy of the Fridman Group / Compass
The inviting living room fireplace, the spacious chef’s kitchen with an oversized island, slab natural stone countertops, and custom natural wood cabinetry all against a canyon backdrop, the spa-like primary suite, the indulgent home theater with bar, and studio, are all spaces where every detail has been carefully curated to evoke a sense of calm livability.
Outside, the property is equally impressive, with lush landscaping and mature trees that provide privacy and seclusion.
Photo credit: Trevor Tondro courtesy of the Fridman Group / CompassPhoto credit: Trevor Tondro courtesy of the Fridman Group / Compass
The luxury property is listed with Tomer Fridman of The Fridman Group at Compass.
#4 10901 Chalon Road – $16,495,000
Photo credit: Nils Timm courtesy of The Agency
In prime Bel Air, nestled behind mature Pepper trees and lush California landscaping, sits a 9,000-square-foot contemporary marvel with bespoke interiors by KNA Design and tranquil outdoor entertaining spaces.
The gated 6 bed/8 bath private residence boasts upscale finishes throughout (including oak wood, glass, natural honed stone and organic textures) and embodies California’s indoor-outdoor living to perfection.
Photo credit: Nils Timm courtesy of The Agency
With an elegant formal living room with a floor-to-ceiling marble fireplace and built-in-bar, vaulted ceilings, sky-high windows, and sliding doors that open into the expansive backyard, the Bel Air mansion also features a formal dining room with a walk-in wine closet and a showstopping kitchen with a large marble-clad center island and cozy breakfast nook.
Photo credit: Nils Timm courtesy of The AgencyPhoto credit: Nils Timm courtesy of The AgencyPhoto credit: Nils Timm courtesy of The Agency
The 10901 Chalon Road property also has a double-height ceiling living room upstairs, which connects four of the bedrooms, and a spacious primary suite that overlooks views of Bel Air from a private balcony connecting to the wellness area below.
Photo credit: Nils Timm courtesy of The AgencyPhoto credit: Nils Timm courtesy of The Agency
The property is listed with David Parnes and James Harris (Bond Street Partners) and Monique Navarro with The Agency.
#5 14319 W Mulholland Drive – $8,350,000
Photo credit: Mike Kelley courtesy of Compass
A newly built contemporary home perched in the Bel Air mountaintop at the end of a winding, privately gated driveway, is looking for a buyer. And we doubt it will have any issues finding one, as the 4,500-square-foot home is quite the stunner.
Photo credit: Mike Kelley courtesy of Compass
With three bedrooms, four baths, a grand double wooden staircase separated by a glass walkway, upper-level tranquil gardens with lounge areas, and a rooftop garden area, the 2023-built home is far from your ordinary home.
The lower level hosts a generously sized living space where we find the great room, a wet bar for entertaining, and an impeccably designed chef’s kitchen — that boasts a sleek, contemporary dark color palette and custom stacked cabinetry.
Photo credit: Mike Kelley courtesy of CompassPhoto credit: Mike Kelley courtesy of CompassPhoto credit: Mike Kelley courtesy of CompassPhoto credit: Mike Kelley courtesy of CompassPhoto credit: Mike Kelley courtesy of Compass
Outside, we find a true backyard oasis with several seating areas, an infinity edge pool, an al fresco dining area, and a custom built-in bar.
Photo credit: Mike Kelley courtesy of CompassPhoto credit: Mike Kelley courtesy of Compass
And while it’s hard to believe that this is the most affordable property out of all the beautiful Bel Air mansions we went over today, it’s the only one that sports a price tag under $10 million. Listed for $8,350,000, 14319 W Mulholland Drive is repped by Tomer Fridman with the Fridman Group at Compass.
All the above Bel Air mansions for sale are representative of the caliber of homes in the sought-after Los Angeles neighborhood. And we’ll be keeping an eye out for new listings popping up on the market, as well as notable sales in the area, to provide you with a comprehensive resource on the most extraordinary Bel Air houses making moves on the Los Angeles real estate scene.
If you’re a real estate professional with equally impressive listings in the Bel Air area, you can reach out to us at [email protected] and submit them for consideration.
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When the housing market was searing hot, buyers faced intense competition — bidding wars, cash investors, and buy/sell decisions made on rapid deadlines. Now that real estate has cooled, there are fewer homes for sale, two-decade-high interest rates, and stubbornly elevated house values.
It’s rarely easy to buy a home. And if you can find a house you love, the question becomes: Is now a good time to buy?
The 2023 housing market
Looking for the perfect time to buy? Fewer than one in five consumers surveyed by Fannie Mae in July 2023 thought that it was a good time to buy a home. Yet, timing the housing market is more complicated than timing the stock market. Which is impossible. There are few “just right” Goldilocks real estate markets.
But you’re not buying the market. You’re buying a house in a city, neighborhood, and block where you want to live. Hopefully, for quite a while.
Mortgage rates
We all know this story. Interest rates have risen — and mortgage rates are no exception. The Federal Reserve has been raising short-term interest rates for well over a year in an effort to shrink inflation — the rise in consumer prices. Not only do the Fed’s rate increases immediately lift short-term mortgage rates such as variable-rate loans, but they also tend to influence long-term mortgage rates upwards as well eventually.
And though we don’t live in a 2%-3% world these days, mortgage rates are near their 52-year historical average.
Since April 1971, the 30-year mortgage rate has averaged 7.74%, based on data collected by Freddie Mac.
Of course, that’s little comfort to homebuyers today who remember when rates were under 3% for much of 2021. Conversely, the highest rate on record was a whopping 18.63% in October 1981.
According to Zillow research, the trend of mortgage rates — whether interest rates are generally rising or falling — may influence whether existing homeowners would consider selling their existing house to move into another. With so many existing homeowners paying a much lower mortgage rate, the study found it would take rates to fall somewhere to between 4% and 5% before they would sell the home they’re in and buy another.
This rate gridlock is contributing to the lack of existing homes for sale.
Take action: Consider the interest rate strategies below until (and if) mortgage rates fall significantly lower for an opportunity to refinance.
Home values
There is a little good news, though. Higher mortgage rates have softened the real estate market, and the increase in home prices is moderating.
The rise in existing home values is slowing. Home values are lower year-over-year in almost half (23) of the 50 largest metro areas, according to a Zillow analysis.
Take action: Look for homes with price reductions where you want to live. Then negotiate even harder.
But listings for existing homes are far fewer. For more than 12 months, new listings have been down year-over-year. The number of new listings of homes for sale is down more than 20% from pre-pandemic levels, according to Realtor.com.
Take action: Consider expanding your search to more affordable areas close to your favorite neighborhood if it’s too pricey.
New home inventory is rising. Construction of new homes is showing promise of growth, according to the U.S. Census Bureau. However, builders are still wary of oversupplying the market, concerned that consumer demand could sag as potential buyers shy away from rising mortgage rates.
Take action: If you want to buy a house now, consider new construction. You may be able to choose some finishes or make an even better deal on a spec home that’s been on the market for a while.
When is a good time to buy a house?
Buying a home is more than considering macroeconomic factors. It’s an important life decision based on your personal and financial situation.
Where do you want to be in 5 years?
When you rent, the decision to move is broken down into six months, or a year or two at a time, as your lease renews. But every dollar-related detail makes a home purchase a medium- to long-term investment. Buying a house includes various costs: the down payment, closing costs, and financing fees, moving expenses, property taxes, and perhaps selling your existing place.
Homeownership requires a years-long timeline. How you make a living, your friends, family, and even community amenities all come into play.
Your income
A primary consideration: your job. Will it require a location change anytime soon, or can you live where you please? Is your income steady and all but assured?
Your credit score
One of the significant factors that will qualify you for a home loan is your credit score. It’s important to know it before applying for a mortgage.
For the most common loan, a conventional mortgage not backed by a government agency, you generally need a FICO score of 620 or better.
FHA loans can allow a credit score as low as 580 with 3.5% down. VA loans issued to qualified military service members and veterans don’t officially have a minimum credit score, though some lenders will require a FICO score of 620.
As a benchmark to where you stand, the median credit score on a new mortgage in the second quarter of 2023 was 769, according to the New York Federal Reserve.
Of course, minimum scores are the entry-level to qualifying; the higher your score, the better the loan terms you’ll be offered. Most importantly, that can mean you’ll pay a lower annual percentage rate over the life of the loan. You may also have more room to negotiate on fees.
Your current debt load
A primary financial metric lenders will use to determine your creditworthiness is your debt-to-income ratio.
Fannie Mae, a government-sponsored entity that provides liquidity to the home loan market, looks for a maximum total DTI ratio of 36% of “the borrower’s stable monthly income.” Exceptions can allow for total DTIs up to 50%, but it’s usually best to avoid working on the edges of qualification if you can.
You can calculate your DTI by dividing your total recurring monthly debt by your gross (before taxes and other deductions) monthly income.
Include debt such as monthly mortgage payments (or rent), real estate taxes, and homeowner’s insurance. Also, add any car payments, student loans, and the monthly minimum due on credit cards. Remember any personal loan payments and child support or alimony.
Do not include debt such as monthly utilities — like electricity, water, garbage, or gas bills — or car insurance, television streaming subscriptions, or cell phone bills. You can also exclude health insurance costs and miscellaneous expenses such as groceries or entertainment.
Your savings
Having a cash cushion in the form of emergency savings shows lenders that you are prepared for the unexpected. Of course, that savings account should also include …
Your down payment
A large chunk of your savings account should be dedicated to the down payment. A minimum of 3% down is required in order to qualify for a conventional loan targeted to first-time homebuyers — or ideally, 20% to avoid private mortgage insurance. Yes, zero-down options exist if you are eligible for a VA- or USDA-backed loan.
According to Realtor.com, the average down payment in the first quarter of 2023 was 13%.
4 rate-relief strategies to consider
Buying a house when interest rates are high can require some financial finesse to enhance affordability.
1. Buying discount points
Prepaying interest in order to lower your ongoing mortgage rate is called buying discount points. One point is equal to 1% of the loan amount. However, lenders sometimes add a point or two to a mortgage proposal to make their loan offer appear more enticing. But you’re actually paying for the discount with an upfront fee.
When shopping for a loan, compare loan offers with zero points. Then, you can decide whether to buy points to lower your interest rate. It is important to note that buying one point (paying 1% of the loan amount upfront) will generally reduce your interest rate by only one-quarter of a percentage point.
2. An interest rate buydown
Borrowers can lower their mortgage interest rate for the first few years at the beginning of the loan term with a buydown. Home builders, sellers, and some lenders sometimes offer an interest rate buydown to boost sales.
While you get a short-term break on the interest rate, your payments and total interest may actually be higher. It’s a strategy that requires running the numbers on the long-term benefits.
If you’re paying for the buydown, compare a mortgage both with and without a buydown. By the way, lenders will qualify you based on the permanent interest rate, not the temporary buydown rate.
3.An adjustable-rate mortgage
A mortgage product that increases in popularity whenever rates begin to rise is back: the adjustable-rate mortgage.
ARMs have a fixed interest rate for an introductory period, often five to 10 years, and then the rate changes regularly, usually once or twice a year. Tips when shopping for an ARM:
Look for an introductory rate that is lower than a fixed-rate mortgage.
Choose a term you feel comfortable with, perhaps in line with how long you plan to stay in the home.
Make sure you budget for possible increases in your monthly payment if the interest rate moves higher after the end of the introductory rate period.
4. A shorter-term mortgage
Are you more comfortable with an interest rate that never changes, even if your monthly payment is slightly higher than you’d like? Consider a shorter-term loan. Mortgages with 20- or 15-year fixed terms, as opposed to the traditional 30-year term, typically come with lower interest rates. The lower rate and shorter term combination means you’ll gain equity in your home faster, too.
Your next move
Buy smart and shop a lot. Relentlessly shop mortgage rates and lenders for the best loan offers and justified fees. Get a written preapproval from your lender, then shop for a house you can love and can afford. Your home buying competition is.
According to Zillow, when it comes to first-time buyers versus repeat buyers, first-timers are more likely to reach out to at least three lenders and three real estate agents.
Today we’ll check out “Lennar Mortgage,” which is the financing division of parent company Lennar Corp.
If you weren’t aware, Lennar is one of the nation’s largest home builders, and is also nearly 70-years old.
Like many large builders, they have an in-house mortgage company that facilitates their new home sales.
Instead of outsourcing home loan lending to a third-party company, they’re able to provide the customer with a streamlined process from end to end.
Read on to learn more about their history and what types of loan offerings they have available, including special incentives you won’t find elsewhere.
Lennar Mortgage Fast Facts
The home loan division of parent company Lennar Corp.
Lennar is the nation’s second largest home builder, founded in 1954
Formerly known as Eagle Home Mortgage before a name change in 2020
Headquartered in Miami, FL, founded in 1981
Currently have building operations in 26 states nationally
Primarily utilized by home buyers who purchase a Lennar property
Funded over $14 billion in home loans in 2022
Known for offering big mortgage rate buydowns
As noted, Lennar Mortgage is the financing unit of its parent company, Lennar Corp.
While the parent company is nearly 70 years old, Lennar Mortgage is a lot younger.
In fact, they were acquired by Lennar back in 1999, at the time known as “Eagle Home Mortgage.” That company had been around since 1981.
As of December 5th, 2020, they were renamed Lennar Mortgage to make it clearer to customers that the company was part of the Lennar family.
At the moment, they have building operations in 26 states, meaning Lennar Mortgage is essentially available to customers in roughly half the country.
They primarily operate in the states of California, Florida, and Texas, along with the Mountain West and Mid-Atlantic states.
Last year, the company funded over $14 billion in home loans, with about 75% being conventional loans, 15% FHA loans, and 12% VA loans, per HMDA data.
While their website indicates that they offer refinance loans, they primarily serve their own home buyer customers with purchase loans.
Aside from operating a mortgage unit, Lennar also has Lennar Title and Lennar Insurance Agency, which allows them to streamline the home buying process.
They have physical branches throughout the country (where new home communities exist) and roughly 1,200 lending associates.
How to Apply with Lennar Mortgage
To get started, you can visit their website and get pre-qualified for a mortgage, or simply coordinate with your home buying rep after visiting a new home community.
They’ve got local loan officers throughout the country and physical branches in the states where they build homes.
Their new home communities may also have sales offices with lending representatives present.
Like other mortgage lenders, Lennar Mortgage offers a digital home loan experience that is mostly paperless.
It appears to be backed by ICE Mortgage Technology, one of the leading fintech companies in the mortgage space.
Customers can apply from any device and auto-save their loan application to pick up where they left off.
And automatically connect bank statements, tax returns, and income documentation within minutes, with bank-level encryption to provide peace of mind.
On-demand digital mortgage support is also available for those who need help along the way, though most tasks can be completed without the need for human interaction if that’s a preference.
All in all, it appears they offer a good combination of human support, if needed, along with the latest technology for convenience.
Loan Options Available at Lennar Mortgage
Home purchase loans (and mortgage refinances)
Conforming and jumbo loans
FHA/VA/USDA loan options
Fixed-rate and adjustable-rate loans available
They lend on single-family homes and townhomes
As noted, most Lennar Mortgage customers will use the company for a home purchase mortgage.
While they do offer refinance loans, their primary objective is getting their parent company’s home buyers a mortgage.
The good news is they offer all the major home loan types a home buyer would need, whether it’s a conforming loan or a jumbo loan.
Or a fixed-rate mortgage or adjustable-rate mortgage, including the popular 7/1 ARM.
They also offer the complete suite of government-back loans, including FHA, VA, and USDA loans.
Down payments can be as low as zero on the government loan options, or just 3% for the conventional loan options.
They offer financing on primary residences, second homes, and investment properties.
Lennar Mortgage Rates
Once huge advantage to using Lennar Mortgage is their mortgage rate buydowns, which are pretty hard to beat.
Since mortgage rates surged higher, from around 3% in early 2022 to nearly 8%, companies like Lennar Mortgage have been offering large rate buydowns to their own customers.
So those who use the company to purchase a Lennar home can take advantage of big interest rate reductions they likely won’t find elsewhere.
For example, you might see an advertised mortgage rate special of 4.99%, despite the 30-year fixed currently averaging 7.50% or higher.
Or a big dollar amount in incentives, which can be used like a lender credit to cover closing costs or apply toward a rate buydown.
This is their big advantage as a home builder’s captive financing unit. They’re able to offer special deals that can boost affordability, even if market rates are high.
In terms of advertising their rates, you won’t find a page dedicated to mortgage rates on their website.
And these rate specials will vary from community to community nationwide, depending on supply and demand of newly-built homes.
Is Lennar Mortgage Legit?
Yes, they are the official financing division of Lennar, one of the largest home builders in the United States.
In fact, Lennar Corp. was reportedly the second largest home builder in the nation as of 2023, trailing only D.R. Horton.
The company is also publicly traded on the New York Stock Exchange (NYSE: LEN) and is valued at over $34 billion at last glance.
They are a Fortune 500 company as well and date back to the 1950s, which is older than most mortgage companies in existence today.
Lennar Mortgage also has a 4.89/5 star rating on Zillow from over 2,100 customer reviews and holds an ‘A+’ Better Business Bureau (BBB) rating.
Keep in mind that you don’t need to use Lennar Mortgage just because you’re purchasing a Lennar home.
It’s perfectly acceptable to use a third-party lender, though it may be difficult for them to match the pricing incentives offered.
At the end of the day, Lennar Mortgage will likely have a huge leg up compared to other lenders thanks to their ability to structure pricing and rates in-house to boost affordability.
And because they offer a wide range of loan options and a digital mortgage experience, it’ll likely be a challenge for outside lenders to compete.
That being said, always take the time to gather other mortgage quotes and be sure to negotiate with the company.
Simply letting them know you are looking into other financing alternatives could result in more leverage and/or a better deal.
But when it comes time to refinance your loan, they likely won’t be nearly as competitive on pricing. At that stage, you’d probably be better off finding a new mortgage company to work with.
Lennar Mortgage Pros and Cons
The Good
Can apply for a home loan online or at a physical branch
Offer a paperless digital mortgage experience
Integrated title and homeowners insurance companies
Lots of loan options including fixed rates and ARMs
Offer big incentive to home buyers including rate buydown and lender credits
Free credit guidance to those who need to boost their FICO scores
Access to mortgage calculators and learning center online
Excellent reviews from past customers
The Maybe Not
Do not advertise their daily mortgage rates online
Regarding lenders’ vociferous complaints about increased loan buybacks from Fannie Mae and Freddie Mac, FHFA Director Sandra Thompson said the regulator expects originators to deliver loans consistent with the guidelines. But, she added, the Enterprises must implement a fair, consistent, and predictable process for identifying loan defects and the appropriate remedies.
“After multiple years of record-high loan volume, we have seen an increase in the absolute number of repurchase requests – which is to be expected,” Thompson said at the Mortgage Bankers of Association conference in Philadelphia on Monday. “The good news is that there has been a large decrease in repurchase requests since their peak in early 2022, as the Enterprises have worked through loans originated during the refinance boom.”
Thompson said Fannie Mae and Freddie Mac have closely examined their existing processes and practices, including efforts to improve language in the selling guidelines and provide more consistent feedback to lenders on buybacks. The goal is to lead to less ambiguity in underwriting.
In addition, the FHFA is open to additional options that would ensure alternatives to repurchases are available and offered regularly. However, “work on this front remains ongoing,” according to Thompson.
“While many of the details remain in development, we are considering initiatives to test and learn from various options for performing loans with defects,” Thompson said. “Taken as a whole, we believe these are meaningful improvements to uphold quality control while ensuring high-quality underwriting.”
Freddie Mac on Monday said its research shows that purchase mortgages have 35% more incidence of defects than refinancings. It cited loans missing key documents or those with inaccurate income calculations as the top factors.
“To address these issues, Freddie Mac committed to enhance our communication, collaboration and feedback with our lenders and industry partners. We also committed to enhancing our own processes. We did both, and it is working,” the GSE said in a prepared statement Monday. “Non-Acceptable Quality rates on our incoming loans are approximately 30% lower than their peak. With it, repurchase requests are trending down to approximately 60% lower than their peak. Within that 60%, repurchase requests to vitally important small and community lenders are even lower, down 68%.”
Freddie said it has made strides for three reasons: because loan file quality from lenders has improved; the GSE itself has improved the quality control review function; and Freddie has also advanced policy changes “that will minimize instances where judgment must be applied in the underwriting process.”
In a statement following Thompson’s remarks on Monday, the MBA said it has “advocated strongly” for FHFA to address the rise in loan repurchase requests, especially for performing loans and those with relatively minor issues underwritten during the pandemic.
“We share FHFA and the GSEs’ goal of high-quality underwriting and will continue to work with them to ensure the rep and warranty framework is being applied in a balanced way, and that there are appropriate alternatives that lead to outcomes short of a repurchase request.”
Another trade group, the Community Home Lenders Association, weighed in on Thompson’s remarks.
“More balance in repurchase demands is needed to reduce disincentives for lenders to originate mortgage loans to underserved borrowers,” said Scott Olson, the group’s executive director. “It is also necessary to avoid steep and unnecessary losses lenders are experiencing from selling off performing loans in a market with skyrocketing mortgage rates.”
The Mile High City offers an incredible blend of excitement and natural beauty. Yet, for those looking to enjoy the best of Colorado living with a touch more tranquility than Denver proper, the suburbs surrounding Denver have become increasingly attractive.
Each suburb has its distinct characteristics and presents unique opportunities for current residents and anyone curious about making the move. Let’s count down the top Denver suburbs, highlighting what makes each one an exceptional place to call home near the capital city.
Population: 45,191
Average age: 40.2
Median household income: $82,997
Average commute time: 26.5 minutes
Walk score: 40
Studio average rent: $1,300
One-bedroom average rent: $1,999
Two-bedroom average rent: $2,259
Littleton boasts picturesque streets lined with well-preserved buildings and provides residents with a walkable Historic Downtown area where they can enjoy local shops, cafes and more. Littleton’s location ensures easy access to the natural beauty of Colorado and the bustling life of Denver, making it an ideal choice for those seeking a balance between city attractions and suburban comfort.
Three great apartment complexes in Littleton
Littleton is also recognized for its excellent educational institutions and family-friendly atmosphere. Residents of Littleton benefit from solid schools, expansive parks and tons of recreational facilities, ensuring that families have ample opportunities for growth and play.
Population: 156,605
Average age: 38.5
Median household income: $71,233
Average commute time: 27.2 minutes
Walk score: 43
Studio average rent: $1,375
One-bedroom average rent: $1,715
Two-bedroom average rent: $2,109
Among the many Denver suburbs, Lakewood shines as a place that effortlessly balances urban amenities with nature’s splendor. Situated just west of Denver, Lakewood has the advantage of being close to the city’s core, while also providing a gateway to the breathtaking Rocky Mountains. The area is dotted with serene lakes and parks, giving locals a refreshing escape from the urban hustle, right at their doorsteps.
Three great apartment complexes in Lakewood
Lakewood has grown to be one of the most sought-after Denver suburbs, in part due to its beautiful neighborhoods, reputable schools and diverse shopping destinations. This suburb also prides itself on fostering a sense of community with frequent local events and festivals, promoting connection among its residents.
Population: 19,871
Average age: 35.0
Median household income: $80,338
Average commute time: 24.4 minutes
Walk score: 42
Studio average rent: $1,950
One-bedroom average rent: $2,079
Two-bedroom average rent: $2,184
Often referred to as the gateway to the Rockies, Golden distinguishes itself among Denver suburbs with its rich history and magnificent natural surroundings. The former gold rush town is mostly known as the birthplace of Coors Brewery, Golden retains a charming small-town feel while offering residents plenty of attractions, making it an easy pick for any best suburbs list. The presence of the Colorado School of Mines, a world-renowned engineering university, infuses the suburb with a sense of innovation and intellectual curiosity.
Three great apartment complexes in Golden
This Denver suburb is not just about academic pursuits or historical landmarks. Golden offers residents unparalleled outdoor opportunities, with its proximity to Clear Creek and the surrounding mountains, making it a haven for hikers, bikers and nature enthusiasts of all types.
Population: 123,436
Average age: 40.0
Median household income: $96,677
Average commute time: 27.6 minutes
Walk score: 35
Studio average rent: $1,055
One-bedroom average rent: $1,361
Two-bedroom average rent: $1,628
As one of the premier Denver suburbs, Arvada merges the charm of historic architecture with modern living. Olde Town Arvada stands as a testament to this, where red-brick streets meet contemporary shops, cafes and entertainment venues. This suburb’s location, bridging the excitement of Denver with the sprawling beauty of Colorado’s massive landscapes, provides an ideal setting for those who appreciate accessibility without compromising on scenic views.
Three great apartment complexes in Arvada
Within the Denver suburbs, Arvada is celebrated for its community-centric ethos. Families love the stellar schools, expansive parks and top-notch rec facilities that dot the area. Regular community events foster a strong sense of belonging, making Arvada a desirable destination for individuals seeking a harmonious blend of city proximity and suburban calmness.
Population: 60,313
Average age: 35.3
Median household income: $114,802
Average commute time: 26.7 minutes
Walk score: 21
Studio average rent: $1,831
One-bedroom average rent: $2,984
Two-bedroom average rent: $3,578
Standing tall among the Denver suburbs, Parker has a harmonious blend of open spaces and contemporary attractions. This suburb is renowned for its sprawling parks, extensive trail systems and picturesque open lands. Being one of the fastest-growing towns in the Denver metro area, Parker manages to retain its warm, community-driven atmosphere while evolving to cater to the needs of its growing population.
Three great apartment complexes near Parker
Parker exhibits a distinct commitment to community engagement and development. With a quality education system, state-of-the-art recreation centers and a bustling downtown area, residents have access to everything they need right within their reach. Frequent town events, from farmers markets to art fairs, further enhance this strong sense of camaraderie.
Population: 14,206
Average age: 40.9
Median household income: $113,653
Average commute time: 23.6 minutes
Walk score: 33
Studio average rent: $1,650
One-bedroom average rent: $1,992
Two-bedroom average rent: $2,563
Located just south of the Mile-High City in Douglas County, Lone Tree boasts upscale residential communities, a modern arts center and the expansive Park Meadows Mall, ensuring that residents enjoy a mix of leisure, shopping and entertainment options without needing to venture far.
Three great apartment complexes in Lone Tree
Positioning itself uniquely in the realm of Denver suburbia, Lone Tree is full of parks, trails and other pristine recreational facilities, underscoring the Coloradan love for the outdoors. This suburb prioritizes a well-balanced lifestyle, with its focus on community development, excellent educational institutions and a well-maintained infrastructure.
Population: 114,651
Average age: 37.2
Median household income: $80,355
Average commute time: 26.7 minutes
Walk score: 35
Studio average rent: $1,689
One-bedroom average rent: $1,939
Two-bedroom average rent: $2,642
Perfectly positioned between Denver and Boulder, Westminster provides an unmatched suburban experience. This city seamlessly integrates urban sophistication with expansive green spaces, ensuring that all locals enjoy the best of both worlds. The presence of Standley Lake and numerous parks provide opportunities for recreation, relaxation, and a genuine connection with nature while remaining conveniently close to metropolitan hubs.
Three great apartment complexes in Westminster
Westminster’s dedication to community well-being and development is evident. The suburb boasts a range of shopping and entertainment areas, ensuring that convenience is never compromised. In Westminster, the synthesis of accessibility, natural beauty and community creates an ideal setting for those looking for a well-rounded suburban life near Denver.
Population: 76,353
Average age: 35.5
Median household income: $113,585
Average commute time: 29.1 minutes
Walk score: 11
One-bedroom average rent: $2,070
Two-bedroom average rent: $2,720
Situated to the south of the Denver metropolitan area, Castle Rock stands out among Denver suburbs with its distinctive character, shaped by natural landmarks and modern conveniences. The town’s namesake, an iconic rock formation, offers not only a unique geographical marker but also serves as a symbol of the community’s strong connection to the scenic beauty of Colorado.
Three great apartment complexes in Castle Rock
In its evolution as one of the preferred Denver suburbs, Castle Rock has prioritized finding the right blend of residential, commercial and open green spaces. The town’s emphasis on family-friendly neighborhoods, quality schools and a variety of shopping options ensures that residents have everything they need right outside their doors.
Population: 15,495
Average age: 42.7
Median household income: $129,416
Average commute time: 22.1 minutes
Walk score: 13
Studio average rent: $1,680
One-bedroom average rent: $3,828
Two-bedroom average rent: $5,833
Greenwood Village stands out among Denver suburbs with its enticing combination of upscale residential living and flourishing business districts. Located in the heart of the Denver Tech Center, this suburb offers residents the opportunity to live in opulent neighborhoods and also enjoy the convenience of being close to several noteworthy companies, including IBM and Comcast.
Three great apartment complexes near Greenwood Village
Within the panorama of Denver suburbs, Greenwood Village’s commitment to quality of life is evident in its vast parklands, great schools and modern recreational facilities. The suburb has successfully created an environment that caters to family life and professional growth.
Population: 106,966
Average age: 41.3
Median household income: $109,767
Average commute time: 26.2 minutes
Walk score: 35
Studio average rent: $1,827
One-bedroom average rent: $1,975
Two-bedroom average rent: $2,591
One of the newer municipalities around Denver, Centennial has rapidly grown in popularity due to its dedication to maintaining green spaces, fostering community connection and promoting local businesses. Its strategic location near major highways ensures that those living in Centennial have easy access to Denver’s core, while still enjoying the benefits of suburban life.
Three great apartment complexes in Centennial
Distinguishing itself in the landscape of Denver suburbs, Centennial prioritizes family-focused amenities. The suburb boasts numerous parks, modern rec centers and a commitment to quality education, all pivotal in shaping a wholesome suburban environment.
The mountain views are calling you to Colorado’s top suburbs
The suburbs surrounding Denver each offer a unique offering of experiences, amenities and lifestyles. From the upscale neighborhoods of Greenwood Village to the scenic beauty of Castle Rock, there’s a suburb to fit every preference and lifestyle whether you’re looking to the north, south, east or west of Denver, Colorado.
As Denver continues to grow and evolve, its suburbs have become prime destinations for people looking for proximity to a bustling city and the serene comfort of suburban living. Whether you’re a native Coloradan or considering a move to the area, these Denver suburbs stand out with exceptional apartment options for a balanced, fulfilling lifestyle in Colorado.
In San Francisco’s quaint, upscale community of Russian Hill, home to the famously crooked Lombard Street, a 4-bedroom home is now up for grabs.
And it comes with some of the best views money can buy.
Beautifully updated, the 4-bedroom, 2-bathroom single-family home features the timeless architecture typical for the area, and a rooftop terrace with a wet bar and phenomenal views of the San Francisco area facing south, west, and north — including views of Lombard Street which is a crossroad for this home.
Lombard Street, San Francisco. Photo credit: Aerial Canvas courtesy of Coldwell Banker Realty
Located at 2300 Leavenworth St, on the northeast corner of Leavenworth and Lombard, the 1913-built property is part of the historic Castle Court gated community — which has ties to the Fay family (Fay Brothers Soap Factory founder David Fay owned a house here too, later rebuilt by his descendants and now known as the Fay-Berrigan House and Park).
Listed for $3,495,000, the ideally located San Francisco home is listed with The Swann Group, affiliated with Coldwell Banker Realty.
Inside, the entry level offers a spacious flex space for a media room, office, or guest space, with a full bath and gym. The main living floor is up one level and features an open kitchen, dining, living, and office with South, West, and Northern views.
Photo credit: Aerial Canvas courtesy of Coldwell Banker RealtyPhoto credit: Aerial Canvas courtesy of Coldwell Banker RealtyPhoto credit: Aerial Canvas courtesy of Coldwell Banker RealtyPhoto credit: Aerial Canvas courtesy of Coldwell Banker RealtyPhoto credit: Aerial Canvas courtesy of Coldwell Banker RealtyPhoto credit: Aerial Canvas courtesy of Coldwell Banker RealtyPhoto credit: Aerial Canvas courtesy of Coldwell Banker Realty
The top floor has three bedrooms, a full bath, and direct access to the rooftop terrace.
A true showstopper that makes the most of the home’s great San Francisco location, the rooftop terrace offers picture-perfect views of Alcatraz, Coit Tower, the Bay Bridge, the skyline of the financial district, and the world-renowned flowering crooked street.
Photo credit: Aerial Canvas courtesy of Coldwell Banker RealtyPhoto credit: Aerial Canvas courtesy of Coldwell Banker RealtyPhoto credit: Aerial Canvas courtesy of Coldwell Banker RealtyPhoto credit: Aerial Canvas courtesy of Coldwell Banker RealtyPhoto credit: Aerial Canvas courtesy of Coldwell Banker Realty
Its sought-after location in Russian Hill places it mere moments away from the excellent amenities of Hyde Street, North Beach, the Polk Street corridor, and Fay Park.
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Selling a house amid a divorce can make an already-complicated situation even more complex. The need to manage a real estate transaction while also managing your interpersonal conflict is stressful, but sometimes financially necessary. Every couple’s situation will be a little bit different, of course, but if you need to sell the marital house due to a divorce, here are answers to some common questions and other things to consider during this difficult process.
Should I sell the house before getting divorced?
You can sell a property before, after or during a divorce, and the best option may be different for each couple. A number of factors can impact the best timing, including housing market conditions, how amicable your split is and the financial needs of each spouse.
One thing that can be useful is to work with a real estate agent who has experience in divorce transactions. “The common denominator for a divorce sale is that the divorcing parties must mutually agree to sell the marital property,” says Lou Rodriguez, an agent with United Realty Consultants in South Florida and author of “Selling Your Home During Divorce: How Everyone Can Win.”
An additional consideration for the timeline of your home sale is the potential profit you stand to make. If the value of the property has gone up significantly since you purchased it, you may have to pay capital gains tax, and the amount is very different depending on whether your taxes are filed jointly or as single individuals. For single tax filing status, you must pay taxes on anything over $250,000 in capital gains. That number doubles to anything over $500,000 if you file jointly as a married couple.
If you sell before the divorce is finalized, be sure you have a plan for what will happen with the earnings. “You’ll want to be careful how you handle the proceeds of the sale so that those proceeds are divided fairly during the divorce process,” says Randi Dukes, an agent with Repeat Realty in Dallas–Fort Worth and a divorce real estate specialist who has earned the RCS-D (Real Estate Collaboration Specialist–Divorce) designation. “It’s often recommended that those proceeds go into a separate account that can be divided upon divorce, rather than mixing the proceeds into other joint accounts.”
What are the options?
When you are going through a divorce, there are several different ways you could decide to sell the family home. Here are some common options.
Sell the house outright
“Often, selling the house makes the most sense because it provides both parties with a lump sum of money to establish a new home and a fresh start,” says Dukes. Selling the property outright means the proceeds can be more easily divided between two people. It also gives both partners the opportunity to establish the next phase of their lives.
Sell it to your spouse
Sometimes it makes more sense for one partner to continue owning the house. This can happen when one partner will have primary custody of the children, for example, as it eliminates the need for the children to move out of their home and be uprooted.
However, this option only works if the partner buying the home can make it work financially. “The spouse keeping the house needs to do their due diligence to make sure keeping it is a sound decision,” Dukes says. “A real estate agent can look at the title to see if there are any liens or second mortgages that one spouse may not know about, and the spouse can talk to a lender or financial advisor to see if they can actually afford to keep the house.”
If this is your plan, make sure you get all your legal ducks in a row. The partner selling the house will likely need to sign a quitclaim deed giving up their rights to the property and transferring them to the other partner — have a real estate attorney manage this process.
Co-own it
You could decide to hang on to the property and continue to own it together. Co-owning might allow you to rent out the property and both gain rental income, for example. Or, you could make the property work for both of you to live there with a renovation that divides it into two units. This can be a viable option for parents who both want to stay near the children.
Give it to your kids or family members
If you’d rather keep the home in the family than sell it, you could consider gifting the property to your adult children or another relative. This option eliminates the need to prepare the property for a sale and could be a way for both partners to put the property in the hands of someone they love. Again, be sure to have a real estate attorney handle the deal for you to ensure that ownership is properly transferred — and it’s a good idea to talk to a tax professional as well, to understand any tax or estate planning implications.
Community property states vs. equitable distribution states
There are two main legal approaches to how property is divided after a divorce. It all depends on whether you’re in a community property state or an equitable distribution state.
The majority of states fall into the category of equitable distribution, which means if one party earns or purchases certain assets, those assets are considered theirs individually. The assets don’t become shared property unless both parties agree to share them. “I live and work in Florida, an equitable distribution state, which simply means Florida courts will divide marital property in a manner which it considers fair, but not necessarily equal,” says Rodriguez.
Community property states, on the other hand, consider all assets acquired during a marriage to be jointly owned by both parties, and they are divided equally in the event of a divorce. Only nine of the 50 states are community property states, according to the IRS: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin.
How to sell a house during a divorce
Selling a house can be stressful and time-intensive no matter what. Follow these steps if you decide to sell your house during your divorce proceedings.
1. Hire an experienced real estate agent and lawyer
Not every real estate agent or attorney knows how to navigate the conflict and tension that can come with selling a house during a divorce. It’s important to work with someone who has experience in sales like this, or even specializes in them.
“I would recommend that you work with someone who knows how to work in high-conflict situations and has experience in getting people moving in one direction to accomplish shared goals,” says Rodriguez. “Because whatever happens during the sale — accepting an offer, countering an offer, all the way to signing closing documents — requires that both parties agree each step of the way. It makes a difference having a transactionally experienced listing agent who has worked with other divorcing clients.”
2. Get a home estimate and agree on a sale price
It’s important that both parties come together on pricing. There are various ways to determine how much your home is worth, from online estimators to a thorough analysis of your local market prepared by a real estate agent. But a professional home appraisal, which will cost several hundred dollars, is probably the most accurate assessment of a home’s market value.
3. Sell the home and split up the net proceeds
Once you agree on the terms and price for selling the home, your agent will guide you through the home-selling process. This will involve preparing the home for the market, taking professional photos for the listing, listing and marketing the property, coordinating showings, reviewing offers and preparing all the closing paperwork. Once the sale is closed and complete, the proceeds will be shared as required by your state and established by your attorney.
Next steps
Ready to sell? It’s important to find a local real estate agent both of you feel you can trust. “Look for someone with additional training in divorce real estate, and ask them about their experience,” says Dukes. This type of agent will be skilled in handling not only the home sale but also any interpersonal conflict that may arise.
FAQs
The best time to sell a house will be different for different couples. “If both spouses agree, then selling your house before filing for divorce is an option — if you’re trying to take advantage of a strong seller’s market, this might be a good idea,” says Randi Dukes, a Dallas–Fort Worth Realtor who specializes in divorce real estate. However, selling the house after the divorce may be the right choice for other couples. Whichever timeline you choose, it’s important that both partners agree on the process.
In some cases, if both parties can’t come to an agreement on how to sell the property, yes, a court may intervene to force the sale. The laws will differ depending on your state and your specific circumstances, so be sure to consult both your divorce lawyer and a real estate attorney in your area.
