Excerpts taken from RISMEDIA, December 17, 2008
I found this article online today and thought it was interesting in
how it correlated to many of the Norwood offerings! It's great to be a
trendsetter! What do you think of these nine trends?
1. Less, With More. Single-family homebuilders are
predicting the continued movement toward smaller homes, with many
buyers opting for less square footage as a means of saving more. Buyers
are also very energy conscious, which is another reason why builders
who offer smaller homes might find themselves more successful going
2. The New American Dream. Homeownership has long been
considered one of lifeâ€™s benchmarks, so much so, that the concept
earned the moniker, â€œThe American Dream.â€Â Renting is still a viable
option, with rent-to-own programs available from many builders to make
home ownership a reality.
3. Urban Suburban. For years, a new-construction home
in the suburbs meant moving into a cookie-cutter subdivision. But
according to many suburban developers, their focus going forward wonâ€™t
be simply building homes, but entire downtowns complete with
residential, retail, restaurants and more.
4. Condo-MAX-iums. According to the National
Association of Homebuilders, the average single-family home is 2,456
square feet. However, Chicagolandâ€™s developers have noticed buyers -
from young families to downsizers - are looking for the same amount of
square feet when buying a condominium.
5. Online Toolboxes. According to the 2007 National
Association of Realtors Profile of Home Buyers and Sellers, 84% of
buyers use the Internet to search for a new home. Taking a cue from
these findings, leading Chicagoland residential brokerage firms will be
taking their services a step further by enhancing their sites with
user-friendly Web tools that do much more than list homes for sale.
6. Common Ground. In the city, where green space is as
high in demand as a parking space, some developers will start going the
extra â€œyardâ€ to give Chicagoans more outdoor community spaces.
7. The Sure Thing. Immediate move-ins and completed
homes mean the development or building is already established and there
is no worry about what the 'future' will bring.
8. The Resurgence of Rowhomes. Dating back to colonial Philadelphia and Boston, the rowhome is a hallmark of traditional city living.
9. Creating Community. Many developers today are
taking strides to form a sense of community among new residents before
their homes are built - a trend that is expected to continue into 2009.