We have a lot of technology and high-speed systems in place. Our company runs smoothly and quickly. But we still have a lot of “old school” clients that we need to serve. Sometimes you just have to print out the documents, put little red “sign here” flags on it and drive it across town to get the deal done. – Scott Ford, California Builder Services
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The Federal Reserve is hoping to provide some economic relief to Americans through an interest rate cut made in September, as preparation for a potential recession continues. Higher interest rates have stunted the housing market, as home buyers are pulling back due to high borrowing costs and soaring home prices.
ADUs have the potential to increase housing affordability for homeowners and tenants, create a wider range of housing options within a community, and facilitate better use of the existing housing fabric in established neighborhoods.
In March 2024, the National Association of Realtors (NAR) entered into a proposed settlement agreement with various homeowners to resolve a nationwide litigation concerning broker commissions.
As interest rates begin to subside, developers are ramping up efforts to build new apartments, condos, and single-family homes across the state. In this blog, California Builder Services will break down this increase in construction and its potential implications for builders and future buyers.
