đŸ„Š Tale of 2: East vs West, 3D Printed Homes & Spring Home Checklist

If you think prices are falling in Tampa, you may want to check this out because the West Coast are falling. But the East Coast is a completely different story...

Author

Sean Bates
March 30, 2023

I hope your week is going well!

This one may surprise some people, but local markets are different.

And Tampa has lifelong factors that will continue to keep it stronger than most.

— Sean

đŸ„Š Tale of 2 Markets: East vs West

What’s driving the news: In sports or rivalries as old as time like UF vs. FSU, this is normal. However, real estate has never seen a divide where prices are falling in the West, while the East booms.

What happened: Western markets that have appreciated since the 1990s thanks to tech are seeing more substantial declines. Whereas Florida and others are emerging thanks to the larger appeal of the suburbs, lifestyle, affordability, and tax benefits. Plus jobs & companies are continuing to move towards these newer areas.

Why this matters: Every local market is different, but the reason economists say the current housing slump isn't collapsing like 2008 is there's significantly lower-than-normal supply of homes.

Yes, but isn't the news saying there's homes not selling, foreclosures are rising, and more inventory is...

The details: Home prices only decline significantly when there's a major surplus of homes for sale. Currently,

  • Homeowners have way more equity than they know what to do with because they can't. The average homeowner has a historic high of nearly $300,000 in equity. Foreclosures aren't running rampant.

  • 99% of borrowers have less than 6% mortgage rates, and most have a rate below 4%... so they aren't moving.

  • Homebuilders are so far behind due to supply chain, labor and rising costs that it would take them 2-3+ years to catch up the 6.5 million home shortage.

The big picture: The media only confuses and lives off fear. Homeowners are in a way better position now and if we zoom out, real estate has a 100-year, positive, track record.

Instead of trying to time the market, focus on time in the market. So don't wait to buy real estate. Buy real estate and wait.

🚧 Coming Soon - Is 3D printing the future of homebuilding?

What’s Driving the News: The largest 3D-printed home ever, went on the market for $499,999 in Islandia, NY. Cheaper yet nicer & better than resale homes


The details: The 4 bed 2 bath concrete house was built with SQ4D's industry leading 3D printed technology in partnership with Handsome Homebuyer. This new construction home features 9 ft ceilings, 9000 psi construction, open layout, mud room, waterfall island, ss appliances, solar panels, 200 amp service, and much more.

Why this matters: If you’ve bought a new construction home before you know:

  • 12-18 month timelines

  • Delays

  • Cost & labor issues

  • Human errors

  • Uncontrollable factors like weather

  • High cost or inability to customize

  • And not always high quality materials

Now, imagine going in contract to purchase and within 18-30 days your home is completed and delivered on-site before you even close
 and


  • It costs 40% less plus

  • You get a nicer home with better quality materials.

  • More modern, and customizable designs.

  • No construction issues and zero delays

  • 5-30% less waste.

  • More sustainable and energy efficient.

  • Plus it’s storm proof. Flood proof. Fireproof. Termite Proof. Mold Proof. Etc.

This is why 3D printing could change home building forever.

What’s Next: Lennar (the largest homebuilder in the US) partnered with Elon Musk & ICON 3D to build a 100 home community outside of Austin, Texas. So you can imagine if that goes well

All eyes are watching.

☀ Spring Cleaning? Vital Spring Home Maintenance Checklist

Source: Unsplash

  1. Inspect your roof

  2. Service your air conditioning unit

  3. Examine your windows and doors

  4. Check your gutters and downspouts

  5. Clean and seal your deck

  6. Check for pest problems

  7. Test smoke and carbon monoxide detectors

📊 Our Local Markets:

If you’re curious how much your home could sell for now, then reply “what’s my home value” or you can get an estimated value here.

Or if you’re just curious about how the current market affects your situation & what’s going on in your specific neighborhood, just reply & ask.

📰 In Other News:

That’s all for today, I hope you have an amazing week!

If there’s ever anything you need:

  • a custom market or home value report

  • a home services list for a reliable contractor or services professional

  • feedback or a professional opinion on a home project

Just let me know! We’re here to help with all your home needs.

Talk soon,

- Sean, the Bello Home Team 

Was this forwarded to you? Sign up here.