Charming Home with Enormous Potential. Welcome to this wonderful opportunity to own a property in one of the most coveted neighborhoods! This home offers...
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Charming Home with Enormous Potential. Welcome to this wonderful opportunity to own a property in one of the most coveted neighborhoods! This home offers...
Discover the potential of Broadway St, Vallejo - a 2-bed, 2-bath fixer-upper waiting for your creative touch. This charming cottage invites you to envision...
Welcome to River Oaks Circle! Located in Paradise Valley. This home features 5 bedrooms 3.5 bathrooms. Located on the main level is a bedroom...
Great investment opportunity! Two houses on one lot. The main home features, Kitchen, 2 bedrooms, living room, 1 full bath, laundry room. The back...
Successful & thriving longtime running restaurant Rene's Cafe has been busy serving up Breakfast, Lunch and Dinner for over 26 years!
With Golf Course views from both front porch and back deck is set up for easy and comfortable living. A wonderful floor plan with...
Welcome to River Oaks Circle! Located in Paradise Valley. This home features 5 bedrooms 3.5 bathrooms. Located on the main level is a bedroom...
Nice 2 story home! Inside, you will find open living/dining/kitchen spaces with granite counters, a breakfast bar, and a large, double door pantry in...
This house is gorgeous and move in ready. Situated in an established, tree lined street. New roof, new flooring throughout, newly remodeled kitchen, and...
Updated and modernized darling bungalow style home offers 3 bedrooms & 2 baths with a fresh kitchen sporting newer cabinetry, quarts counters and steel...
Highly desirable 55 and older Hampton park subdivision. Located directly across from the club house and pool.
A very comfortable and upgraded home for your comfort and easy living. .. As you step into this home you'll feel right at home...
Well maintained and well established commercial units. Located in a highly visible, high traffic area on 4th Street within the famous Miracle Mile. 2042...
a 178-unit apartment community located at 2010 Pioneer Way in Santa Rosa, California. Pioneer Apartments consists of 100 one-bedroom/one-bath units and 78 two bedroom/one-and-one-half...
The Palms Apartments, a 60-unit apartment community located at 128-170 Santa Alicia Drive in Rohnert Park, California. The Palms Apartments at 128-170 Santa Alicia...
3076 Marlow Rd., Santa Rosa, CA 95403 is for sale by the RE/MAX Elite Partners in Fairfield, CA call 707.580.3499 for more information. Marlow...
Park Lane Villas, a 121-unit Condominium community located at 3751 Sebastopol Rd, Santa Rosa, California. The Park Lane Villas consist of 22 two-bedroom, two-bath units,...
Welcome to Vallejo, California! Introducing a stunning new listing that has just hit the market. This completely updated, charming home offers a wonderful combination...
You will not want to miss this beautiful contemporary townhome! Bright and airy design, nestled among the trees. Enjoy your deck off of the...
Lovely and clean 3 Bed, 2 Bath, single-story gem, located in the heart of charming Benicia. Solar Panel Powered for energy and cost efficiency....
Have you been trying to buy a home, but higher mortgage rates and home prices are limiting your options? If so, here’s some good news – based on what Ali Wolf, Chief Economist at Zonda, has to say – smaller, more affordable homes are on the way:
“Buyers should expect that over the next 12 to 24 months there will be a notable increase in the number of entry-level homes available.”
In some ways, smaller homes are already here. When the pandemic hit, the meaning of home changed. People needed the space their home provided not only as a place to live, but as a place to work, go to school, exercise, and more. Those who had that space were more likely to keep it. And those that didn’t were in a position where they were trying to sell their smaller house to move up to a larger one. That meant the homes coming to the market during the pandemic were smaller than those on the market before the pandemic – and that trend continues today (see graph below):
This graph also shows how the size of homes on the market changes seasonally. Larger homes tend to come on the market during the summer months when households with children who are out of school are looking to move.
That seasonality means, based on historical trends and the fact that fall is now approaching, we can expect smaller, more affordable homes to come to the market throughout the rest of the year.
That’s great news because, as Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), states, the need for these types of homes has gone up recently:
“. . . as interest rates increased in 2022, and housing affordability worsened, the demand for home size has trended lower.”
The seasonal trend of smaller homes coming to the market in the later months of the year, coupled with builders bringing smaller, more affordable newly built homes to the market right now, is good news – especially if you’re finding it difficult to afford a home. Mikaela Arroyo, Director of the New Home Trends Institute at John Burns Real Estate Consulting, says this about a potential increase in the availability of smaller homes:
“It’s not solving the affordability crisis, but it is creating opportunities for people to be able to afford an entry-level home in an area.”
If a smaller, more affordable home sounds appealing to you, good news – they’re coming. To keep up with what’s available in our area, let’s connect.
🏡 Selling your home? You may also be wondering, once you sell, how does the current supply impact your own move?
📈 Thinking of buying or selling a house and wondering how the new year holds for the housing market? Here's what the experts say.
🏡 Are you dreaming of buying your own home and wondering about how you’ll save for a down payment? You're not alone. Some people think about tapping into their 401(k) savings to make it happen.
🏡 As the year winds down, you may have decided it's time to make a move and put your house on the market. But should you sell now or wait until January?
🏡 The idea of owning a home has always been a big part of the American Dream. It's a symbol of stability, independence, and having a place to truly call your own.
🎃 As a responsible homeowner, making your property safe for young trick-or-treaters is essential. Everyone wants an accident-free Halloween in the neighborhood, so these few tips will ensure the local kids have a scary and super-fun night.
📈 Mortgage rates have been back on the rise recently and that’s getting a lot of attention from the press. If you’ve been following the headlines, you may have even seen rates recently reached their highest level in over...
📊 Mortgage rates may be making you wonder if selling is the right decision. Here’s what you need to know about how home equity can help.
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