PRIMED TO PEAK

Why we’re in for a sensational spring

May 03, 2024

#33

WELCOME

Thanks to a new rule by the Department of Housing and Urban Development (HUD) new homes are going extra green.

This mandate, which is expected to impact about 150,000 new builds a year, aims to curb both rising temperatures and rising homeownership costs by requiring new builds funded by some federal loans to adhere to higher energy-efficiency standards—including more efficient insulation, windows, and appliances. While initial construction costs are likely to increase by $6,400 to meet the new metrics, homeowners could save up to $400 on their annual utility bills.

Does the efficiency push mark positive progress for sustainable building, or add more obstacles to ownership? Hit reply and tell us what you think.

SHARPEN YOUR SKILLS

🔊 Today’s Top Video Rec:

Arizona agent and content creator Shannon Gillette will be the first to admit—it’s not easy being a full-time mom and a fully invested real estate professional. Watch the latest episode of Glennda’s Guru for Shannon’s take on using lifestyle videos to generate leads, prioritizing Friday Night Family Night, and building a trustworthy real estate team.

MARKETS

The NAR makes a positive prediction

Need another data-driven reason to tell your sellers now is the time to list? The NAR’s seasonal market report has three! While the market is never perfectly predictable, seasonal trends offer a preview of the summer ahead—and for sellers, it’s positioned to be a hot one.

Historically, in April, May, and June:

  • An average of 16,530 existing homes and 2,000 new homes are sold per day.

  • Home prices increase by 16% before coming back down in the fall.

  • The median days on market drops considerably, from 49 days in winter to just 31 days in the peak of June.

REC ROUNDUP

The Friday Five

📖 Tampa treasure. See inside the mega mansion with so. many. mirrors.

👀 AI gone wild. Tour Adam Sandler’s Transylvania-meets-Happy-Gilmore AI-created dream home.

👀 See what’s selling. Check out the top 10 biggest real estate deals of the past week. 

💡 Gutted. Kanye West’s completely empty Malibu Mansion is listed at a multi-million dollar loss.

💡 From squatters to settlements. Let’s Get To The Point covers the biggest stories unfolding now.

WHAT’S NEW FROM ESTATE MEDIA

Buying the Bird Streets

David Parnes and James Harris’ new listing, a stunning 24,000 square foot modern mansion perched in the Bird Streets neighborhood, sits on a full acre of mature landscaping—a sprawling space unheard of in this exclusive community. 

Join David and Ismail Tas of Beverly Hills Real Estate for a room-by-room guided tour of the incredible property, featuring soaring glass walls, LA skyline views, dual solid-marble bathing tubs, and more.

Glenwood Grace

Experience the pinnacle of luxury living at Glenwood Grace, where classic English cottage charm meets modern elegance in Raleigh's esteemed Glenwood neighborhood, designed to offer a serene and sophisticated lifestyle.

estate-elegance.beehiiv.com/p/glenwood-grace

Like what you see? Reach out to listing agent Gretchen Coley to learn more and schedule your tour. 

ESTATE MEDIA NEWSLETTERS

Our full lineup of real estate reads:

Estate Elegance. Your daily dive into luxury real estate. Everyday.

Homes.tastrophes. Unique, weird, and wild real estate. Every Monday

The Glennda Gazette. Real estate, real life, in real time. Every Wednesday.

WAS the Newsletter. Explore interior design advice and inspiration. Every Friday.

The Blueprint. Stay up-to-date on the world of residential real estate. Powered by James Harris & David Parnes. Every Tuesday and Friday.

With 156M unique monthly visitors, Homes.com is becoming the home search tool to beat. As proud partners of Homes.com—which just doubled the amount of traffic seen on platforms like Realtor.com—we’re thrilled to be aligned with the tool empowering agents and clients throughout every stage of the transaction process. If you’re not already on it, check out Homes Pro today, and bookmark your new favorite business tool.

Before we go…

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CONSUMER SURVEY

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