These new homes range from 3,831 sf to 5,065 sf; priced from the $1,800,000s. Including the ample exterior living space, these homes are huge - you would need 5-10 people living here for it to make the most sense: They are also helping to bring attention to Rancho...
A recent trend in home construction points to growing polarization in the market, as more new homes come with three-car garages than ever before. Twenty-four percent of homes built last year had garages for three or more cars, according to an analysis of Census data...
Tough luck for those who want a new one-story house - 42 of the 44 houses here are 2-story big bombers over 4,000sf, and up to 7 bedrooms and 7.5 baths!
Another look at new-home tracts and their success this year:
In spite of higher prices, our market stats look pretty good - and they don't include most of the new-home sales either, which have been cooking. Here are a couple of examples:
The building industry is selling more new homes, but their focus is on the higher-end markets, and not much is happening for the middle class. KPBS found a guy to whine about it on camera; but it's a free market, and rich people are winning. It's not going to change...
Great article from our friends at jbrec: https://www.realestateconsulting.com/starter-home-solutions-expensive-markets/ High land prices in good locations generally force builders to build expensive homes. However, a number of builders have figured out how to build...
I don't know the exact location of the new tract coming soon, but it will be a gated community off RSF Farms Rd. Save Save
If this sort of good news holds up, look forward to the Fed bumping their rate again. Mortgage rates have come down since the last Fed hike! From MND: http://www.mortgagenewsdaily.com/05242016_new_home_sales.asp New home sales surged in April after a disappointing...
Millienials - or anyone feeling priced out - really should support permissive housing policy to help keep a throttle on prices. Here's evidence showing that faster-growing cities have more-modest price increases, although this chart is older (prices over last 5 years...
