According to a report by TeamStage, 49 percent of employees will leave their job in the next 12 months over a lack of benefits, while 51 percent of employees believe benefits will play a significant role in talent retention.
In November, I will become the general manager of Centennial Subaru, a $40 million, three-story 131,879-square-foot dealership, currently being built on 5.49 acres at the corners of Centennial Center Boulevard and the Interstate 95 on/off ramp. The dealership is part of the Ascent Automotive Group (AAG) platform comprised of various dealerships located across America with a focus on next-level customer service and care.
Luxury custom homebuyers now have more options than waiting up to two years to build their own home. Increasingly, they are choosing to work with licensed architects and builders who can deliver an evolved custom build experience — a completely unique and curated custom home in less time, with a more realistic price tag and without the many heartaches and frustrations that come along with a traditional custom build.
Despite the many challenges we have faced in the last few years and uncertainty from recent global geopolitical events, I don’t anticipate the demand decreasing. In fact, I anticipate the market outlook will look pretty similar to last month’s and will remain stable over the next few months.
As for prices, I again do not expect much to change. Resale closing price appreciation may soften slightly, but basic supply and demand again points to more of the same. With new homes, dramatic increases in land and material costs will mean that price appreciation in that sector will continue and builders and buyers will have to continue to adapt.
We are in the heart of a historic time for our local luxury market. There were more homes sold over $5 million in 2021 than any other year in our history. Forty-six homes sold over $5 million in 2021, marking a nearly 60 percent jump from 2020 alone.
The coming year brings many opportunities and challenges for master-planned communities. The housing market is still strong and there is demand for new housing.
What will rising interest rates mean to you if you are considering purchasing a home or doing a cash-out refinance loan?
Renewed interest is revitalizing some of our older luxury communities, such as Spanish Trail, Canyon Gate, The Fountains and areas in the historic district.