Got $4,332 a month? That's the estimated house payment for a buyer who acquired the median-price California home in June at prevailing interest rates. A record high, no less. But how can prices be rising when so few are buying? Who can afford to buy with mortgage rates and prices so high? Such conflicts are why California homes were bought at only a 277,490 annual pace in June – the 20th slowest month since 1990.
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11 Upgrades That Actually Make Your House Harder To Sell, According to Real Estate Experts In a competitive housing market where first impressions are everything, coming in with all the right intel on buyer psychology is key to a speedy sale. “While you only need one buyer, it’s also important that you’re putting your absolute best foot forward,” Austin-based real estate agent Ashley Ross says, adding that buyers are getting pickier these days and less willing to renovate after moving in. At the risk of staging a boring home, Ross says: (Cont.) at link. https://bit.ly/45CXg1j
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“The buyer and seller will be looped into the transaction more so we’re able to be more transparent with them about compensation,” said Barbara Clemons, president of the Bay East Association of REALTORS. “There will be more forms for the buyer and seller to fill out.” That will be apparent when visiting an open house – buyers will be asked to sign forms and if they don’t have an agent representing them, they might not be able to get additional information about a property without an agent. Buyers will have to negotiate how much they are willing to pay the broker representing them. But sellers could incentivize a sale by offering to pay all or a portion of the buyer’s agent’s commission. How these changes will affect commissions or the market is still a big unknown. "There is no crystal ball. I don't believe this is a factor on its own that's going to significantly influence housing prices," Thomas said. But it will be a learning curve for everyone looking to buy or sell a home now.
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They say everything’s bigger in Texas, and a development project nearing completion in Georgetown is no different. Construction tech company ICON is putting the finishing touches on the world’s largest 3D-printed neighborhood in the city just north of Austin. “It brings a lot of efficiency to the trade market,” senior project manager Conner Jenkins told Reuters. “So, where there were maybe five different crews coming in to build a wall system, we now have one crew and one robot.” The community, dubbed Wolf Ranch, comprises 100 homes ranging in price from around $450,000 to $600,000; roughly a quarter have already been sold. It takes about three weeks to print the single-story residences, with a nozzle squeezing out concrete walls designed to withstand extreme weather like tornadoes and maintain cool interior temperatures during hot Texas summers. WOULD YOU LIVE IN A NEIGHBORHOOD LIKE THIS ONE? Another benefit of 3D-printed housing is sustainability — research has shown that the building method can reduce waste and carbon emissions. When the Wolf Ranch project was first announced, ICON CEO Jason Ballard called it a “watershed moment in the history of community-scale development.”
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