In the good old days (2000-2007), 'What if my house doesn't sell' was not overly concerning. For the most part, if the house was in decent shape and even close to a decent price, it would sell shortly with multiple offers and with terms that were very seller friendly. Typically, the most stressful part of the transaction for the seller was the speed at which the transaction … [Read more...]
What Does ‘Stick Built’ Mean and Why Does it Matter?
Stick building is a more traditional way of framing a home. Most small or custom builders use this as their preferred manner of constructing their homes since they tend to build homes that are unique. Roofs, floor trusses and all framing is, in effect, created on site from individual pieces of lumber. Problems, when encountered, can be solved more easily with stick building … [Read more...]
EarthCraft Homes and Appraisals…Friends or Foes?
“Making our buildings more energy-efficient is one of the fastest, easiest and cheapest ways for us to create jobs, save money and cut down on harmful pollution. This is an idea whose time has come.” - President Barak Obama What does it mean to 'Be Green?' Does it mean recycling when you can? Does it mean turning off your water when you brush your teeth? Does it … [Read more...]
Lot Pricing in the Metro
For anyone who is an investor or Realtor, 2008 to 2010 has been hard. Property values have plummeted. The buying marketplace was somewhere between skittish and petrified. Lenders panicked. Every deal was difficult. But I have more than one time thanked my lucky stars that I was not a home builder. From the period of 2001 to 2008, the US built somewhere between 1.3M and … [Read more...]
Grey Oaks and Nuckols Road
Right now, there is no doubt that the Nuckols Road corridor is the healthiest sub-market in the Metro. Home prices are arguably back to 2007 levels (compared to many other segments still well below 2007 pricing) and trending higher. It is also one of the only segments of the market that has an inventory count BELOW the pending count. That fact alone implies a borderline … [Read more...]
