Hello, Himalayan Salt Saunas! Are Wellness Communities the Next Big Trend in Real Estate?

 
 

For decades now, a certain type of homeowner has yearned not just for a house in a nice town—but for one in a development with pools, tennis courts, and game rooms, among other amenities.

Generally, such homes are found in planned communities run by homeowners associations (HOAs).

But these days, more buyers want the benefits of an HOA plus a whole lot more. Think pickleball courts, spas, blueberry picking (yes, you read that right), and Himalayan salt saunas.

Known as wellness communities, these developments offer a range of niceties in addition to fitness and recreational facilities.

“These communities put health and wellness center stage,” says Eric Bramlett, a real estate agent and the owner of Bramlett Residential in Austin, TX.

Is wellness living just a buzz term? Or does this new type of community signify a true shift in the way people want to—and can—live their lives? We reached out to developers, real estate experts, and residents in these communities to find out more.

What exactly is “wellness”?

Wherever you find these developments, you will find a focus on physical and mental health.

“The residents of wellness communities are given the opportunity to engage in regular exercise, which helps boost energy levels and minimizes the risks of disease,” points out David Tully, a real estate agent who has worked with these developments at eXp Realty in Reno, NV. “There are also often programs and facilities dedicated to meditation, yoga, or mindfulness, which helps increase self-awareness and minimizes stress.”

He adds that there are also opportunities to engage in group activities, events, and classes, where residents can connect with each other.

What to expect in a wellness community

Wellness living is still a new category, so the forms it takes can vary considerably.

Embrey Mill, built in 2015 in North Stafford, VA, boasts 10 miles of paths and wooded trails, 285 acres of open space, 15 parks and playgrounds, two resort-style pools, and a full-service bistro, says Erin Smith, senior director of sales and marketing for Brookfield Residential.

There are also community gardens, wash-and-play dog centers, and a dedicated clubhouse with bocce ball courts for residents who are 55+. The community is an all-ages development, with a dedicated section for those 55+.

Wellness living doesn’t necessarily mean a home in the country, though. The Park in Santa Monica, CA, offers a range of luxe amenities focused on wellness. While most of these extras feel fairly standard for a particular type of upper-echelon, 1% lifestyle, others really kick it up a notch.

“We offer everyday amenities like valet parking, on-site storage, and car washes, while also offering a Himalayan salt sauna, meditation rooms, a working library, a 1-acre rooftop with a pool, garden, and dog park,” says co-CEO of Witkoff, Alex Witkoff. “Community is another huge emphasis of wellness-based living. We believe that offering weekly experiences to residents—such as poolside Saturdays, happy hours, movie nights, and other events—promotes stronger social and mental wellbeing.”

What living in a wellness community is really like

Sure, wellness communities sound idyllic. But are they the equivalent of an exercise bike? Once a new resident moves in, are these developments’ amenities used for a few weeks, only to slowly fade into the background as residents return to more sedentary habits?

Not necessarily. Residents insist they’ve seen changes in their physical and mental health as a direct result of where they live.

“Opportunities to escape into deep woods and trails right in our own backyard are a big draw for us,” notes Greg, 62, who prefers to use his first name only for privacy, when explaining his and wife Amanda’s attraction to Serenbe, a wellness community in Chattahoochee Hills, GA.

He’s also coming around to some of the spa amenities on tap: hyperbaric oxygen therapy, cryotherapy, and red-light therapy.

Tina Willis, a personal injury attorney and owner of Tina Willis Law in Winter Garden, FL, says she uses the amenities in her wellness community daily.

“Having a 30-plus-mile rail trail outside my door makes it effortless to maintain a healthy lifestyle, even with my busy schedule as an attorney,” she says.

The cons of living in a wellness community

There are not many disadvantages to having easy spa and hiking-trail access. Still, there could be a few unexpected drawbacks to life in wellness communities.

For instance, there might not be as much diversity in an upscale community as you would encounter in a neighborhood that doesn’t host regular happy hours.

“These communities typically attract individuals having similar demographics, interests, and lifestyles,” notes Tully. “And they also often have stricter rules and regulations than other residential areas, including the appearance of properties, guidelines regarding noise levels, and restrictions on various activities.”

How much does wellness living cost?

If you suspect that living a wellness lifestyle doesn’t come cheap, you are right. Renting a unit in a wellness community starts at around $2,500 and soars into the $10,000-a-month range. Meanwhile, buying a home in one of these developments will start in low- to mid-six figures and can climb well into the multimillion-dollar territory.

Bottom line? Wellness living won’t appeal to everyone; but for a certain homebuyer seeking a direct conduit to health and social connection, it’s the future.

Wellness-centric housing enclaves are popping up across the country, but they’re especially abundant in regions with warmer climates and opportunities for outdoor activities.

Read more at Realtor.com

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7 of the Best House-Hunting Websites to Expand Your Search

 
 

If you’ve spent much of your life as a renter, you’re probably familiar with the many rental websites that can help you find the right apartment. Buying a house, however, is a different ballgame, so it’s a good thing that there are also lots of house-hunting websites to point you in the direction of your dream home.

Even if you plan on using a realtor (which is what most people do), these websites — where you can buy, sell, or rent directly — provide information straight to you, the buyer. You can explore where you want to live, what style of houses you like, and how much you plan on spending, among other things. 

Unlike the MLS (multiple listing service) alone, which is a professional database with a wealth of property information for licensed realtors, these websites aggregate MLS data and make it available to the public — and in a user-friendly way, to boot. Chances are you know about Zillow; its home value estimates, or “Zestimates,” on properties both for sale and not for sale are a helpful tool for home buyers. But there are many other sites that have a variety of features and tools, including filters for prices, number of bedrooms or bathrooms, square footage, and more. Plus, most of these sites have apps so you can check ’em from your phone. Here are some of the best sites for house hunters.

Trulia

I spent months casually checking both Zillow and Trulia daily before buying my first house a few years ago. Zillow bought Trulia in 2015, so the two websites are pretty similar and very easy to use. I would refresh the map of the neighborhoods I was interested in and their surrounding areas to see if there was anything new in my price range. I’d start with the map and then click over to the photo column, though you can view houses in a list format if you prefer, or view both side by side on a desktop. With Trulia, you can schedule a tour in person or over video chat, look at street views via Google Maps, or read school reviews, crime reports, and insight from residents.

Redfin

Redfin is similar to Zillow and Trulia in the sense that you can view houses in map or list format, and you can easily maneuver around the site. With information from the MLS, Redfin provides important details about each property, as well as a market competition rate and “walk scores” and “bike scores”, so you can see how dependent you might be on owning a car. And, if you buy a house with one of the real estate agents employed by Redfin, part of the commission is given back to you through a program called Redfin Refund.

Realtor.com

As the official site of the National Association of Realtors, Realtor.com is said to have the most up-to-date information available from the MLS. Along with property information and list vs. map views, this website provides market summaries and information about the neighborhoods and its nearby schools. I’d say navigating through the listings isn’t as aesthetically pleasing as Zillow or Trulia, but all the information is there if you know where to look for it.

Homefinder.com

Homefinder.com is another well-organized site — it presents listings by category, like new construction, foreclosures, and classifieds — but I found I couldn’t quite zoom in as much as I wanted on its map feature, which meant it took me outside the neighborhood I wanted. Though it takes an extra few seconds to zero in on the information you’re curious about, HomeFinder does what its name suggests.

Estately

Estately has been around since 2006, but I’ve only recently become familiar with it. It’s easy to use and provides the crucial information you’d want to know about a property, including nearby schools, taxes, flood risk, walk scores, “sound scores” (how loud the area is), air pollution, and even internet speeds. Properties not for sale might not be updated as often as they are on Zillow, but there’s plenty of useful information to be gleaned from this site.

Homes.com

If you ever searched for a rental on Apartments.com, then you’ll immediately recognize the Homes.com interface. Owned by CoStar Group, which also owns Apartments.com, Homes.com is similarly set up for people ready to buy a house. It provides in-depth guides about neighborhoods and schools for whatever house you’re looking at. With video tours, articles, and expert school ratings, these tools can help you better understand what it might be like to live in your potential forever home.

ForSaleByOwner.com

This site is a good complement to your main house-hunting websites because it lists homes for sale by owners that aren’t on the MLS. Although owners using ForSaleByOwner.com can add them to the MLS for a fee. It’s a good resource when you’re not finding exactly what you want during your daily searches. You just might come across a new listing not on any of the other sites because it’s for sale by the owner.

Read more at ApartmentTherapy.com

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3 Organizing Habits to Ditch (and Start) in 2024, According to a Pro Organizer

 
 

Getting organized is never a one-time task but, rather, a habit that must be continually kept up and improved on.

While that might sound exhausting, I can assure you that, one, it’s really not, and two, it’s worth it because of how much it simplifies your day-to-day life. Plus, you’ve got me, a professional organizer, here to help guide you on your organizing journey.

Below, I’ve detailed the organizing habits I recommend ditching and starting in 2024.

Stop holding onto things because you might need them “one day”

You might be holding onto things because of a lack of abundance mindset, even if it’s ingrained in you by, say, your parents or grandparents. Previous generations weren’t able to access things as quickly as recent generations via conveniences like Amazon Prime and Target’s two-hour drive-up service. This is not to say you should just declutter things only to rebuy them whenever you “might” need them again, especially in today’s economy.

But holding onto clutter that you haven’t used in years and have no intention of using anytime soon is also impractical. Let it go in 2024 and, if on the off chance you do find yourself looking for it later, try borrowing it from someone first. Also going forward, this may help curb impulse buying because you’ll realize that you’ll have to eventually decide to declutter (or forever hold onto) the item down the line.

Stop shoving sentimental items into storage

I live by the rule that when everything is special, nothing is special which has led me to hold onto a handful of mementos that mean a lot to me. However, most are currently crammed in a box on a high closet shelf. I did this intending to keep them safe, plus I don’t like visual clutter in my small apartment. As I get older, and admittedly a bit more sentimental, I realize that memories are meant to be enjoyed and that’s hard to do when they’re tucked away, potentially forgotten about altogether.

If you feel the same way, consider displaying some of your most treasured items in a way that they blend into your home decor. Use a keepsake box for trinkets, hang a gallery wall of old family photos, or give some inherited jewelry a place on your dresser so you can admire the pieces, even if you don’t regularly wear them.

Stop falling for social media marketing madness

I really believe that you should stop buying every product your favorite influencers (get paid to) promote — and I say that as a micro-influencer myself! Recently, I’ve noticed that it’s not only influencers that you need to watch out for. Anyone who’s been on social media lately knows that ads are becoming less and less avoidable, specifically with the rise of TikTok Shop. It’s easy to convince yourself that you “need” something after seeing an ad or two (or 10) for it even if it’s never crossed your mind to own before. Take a breath and decide if you actually need the item before adding potential clutter to your home.

Start organizing for your health and wellness

Self-care has been a hot topic since 2020 and I’m here for it. Your health (physical, mental, and emotional) is your greatest asset so why not prioritize it by setting up systems to encourage better habits? I can guarantee you’ll be more successful in keeping those New Year’s resolutions by making small tweaks to your home. Some examples include using a lazy Susan to corral vitamins and supplements for easy access or sorting skin care and oral hygiene products into shallow bathroom organizers to enjoy a relaxing morning and evening routine. 

Start focusing on quality over quantity

Sustainable products are thankfully becoming more available on the market. Unfortunately, that doesn’t mean they’re becoming more affordable. There’s no denying baskets made from earth-friendly materials are not easy on the wallet. So I understand that it is easier to opt for cheaper plastic containers when trying to get your stuff organized. If using less plastic is your goal, whether for the environment or the safety of your family (or both), but you’re also on a budget, I encourage you to look at it this way: the less stuff you own, the less organizing products you need to own.

You can start small by investing in one or two higher-end organizers and slowly add on down the line. Keep an eye out for sales so you can nab something at a lower price. Read reviews before buying anything to make sure it’s solid quality and will last. Or, at the very least, look for products made of 100% post-consumer recycled materials.

Start going digital to curb paper clutter

Chances are you’ve already gone paperless with many things, specifically bank statements and bills. (And if you haven’t, this is your year to try!) I encourage you to take it a few steps further in 2024. With today’s technology, there’s truly no reason to have excess paper clutter. In addition to opting for paperless delivery whenever possible, you can try: curbing junk mail by removing yourself from marketing lists, selecting digital receipts when checking out at stores, or using virtual note-taking methods, like your phone’s note app or desktop stickies.

Read more at ApartmentTherapy.com

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As Featured in West + Main Home Magazine: Indoor Oasis

 
 

West + Main Agent Allie Carlson

 
 
 
“I wanted the space to feel warm and relaxing, pulling inspiration from styles and materials I’ve seen and loved from my travels to California. We wanted a light and bright base to build the room off of. So we chose soft white paint with white oak accents as a base so we could fill the room with things that brought me back to my favorite vacation spots.
— Barb Carlson

West + Main agent Allie Carlson’s family has always had a love for remodeling homes and creating inviting spaces.

“We bought this house in 2007 and I renovated it from top-to-bottom,” explains Barb Carlson. “Then years later we added a pool and transformed the outdoor area with landscape and hardscape. For years I had a vision of turning the outdoor side porch into an indoor eating area and as my family expanded and we needed more space, it became clear it was time to turn my vision into reality!”

 
 
 
 

She chose a star + cross terracotta-looking tile and aged brass chandelier and sconces that bring in some old-world charm, and built  primitive butcher block benches with scalloped edges, styling them with unique textiles to give the space a pop of color.

“This narrow spot behind the wood-slatted fireplace was the perfect place for a swanky little bar area. I ordered a ceiling-mounted metal and glass shelving system to house our glassware, giving hotel vibes, and we found the bar on Facebook Marketplace and refinished it, and finally we added a charming sitting area by the window to create a cozy anchor point for people to enjoy.”

 
 

The House of Us - Design Planning, Furniture Selection, Custom Benches & Styling

Tilebar.com - Flooring 

Room and Board outlet - Dining Table

WorldMarket - Bench Cushions

Ironadobe.com - Bar Shelving

Iverson Hardwoods.com - White Oak Hardwood on Fireplace

Erich Welton - Trim + Finishing Carpentry

Barbara Lindsay Carlson | Stubio.Co - Artwork (Frank)

Cultural Cloth - Horse Blanket

MichaelLindsaysculpture.com - Iron Candlesticks

Sherwin Williams - Bunny Cake (white)

“I am so fortunate to be surrounded by a talented circle of family members, we're all in creative fields and everyone really came together to make it happen,” said Barb. “From drawing up plans to finding furniture pieces, laying tile, painting + installing the fireplace feature, we all put in the effort and made it happen. It was a collaborative and heartfelt endeavor and I knew together we could bring this vision to life!”

“We were able to take a small area and create an open space that feels much larger than it is. The shiplap ceilings, walls and trim painted in a soft white with large black windows create an airy feeling that works seamlessly with the rest of the home. We use it for a lot more than gathering for meals, we gather there for business meetings, host celebrations, and relax...it has really turned into a special space to enjoy.”

 
 
 

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The 2023 housing market bent, but didn’t break

 
 

And now we have a good foundation for 2024.

As we approach Christmas day, we can only hope that the Federal Reserve now realizes their fear of 1970s-style inflation created a rate-hike cycle that disproportionately impacted the U.S. housing market and that they need to be pro-housing again.

Even with all the drama we have dealt with in 2022-2023, the housing market stayed intact and never broke. Let’s look at the tracker for the week before Christmas and see what the forward-looking data  looks like before we open presents. 

Weekly housing inventory data

We are near the end of the year, which means the seasonal decline in housing inventory will take hold until we find the seasonal bottom in inventory in 2024. However, one thing is sure: from 2020 to 2023 we never saw credit-stressed home sellers. We never saw the Airbnb crash that dominated some of the housing headlines in 2023. While inventory levels are still too low for my taste, it’s good that we are not at 2022 levels when we only had 240,194 total active single-family listings for Americans to buy. 

  • Last year, according to Altos Research, the seasonal peak for housing inventory was Oct. 28. This year’s peak was Nov. 17.

  • Weekly inventory change: (Dec.15-22): Inventory fell from 538,767 to 528,601

  • Same week last year (Dec. 16-23): Inventory fell from 522,869 to 508,777

  • The inventory bottom for 2022 was 240,194

  • The inventory peak for 2023 so far is 569,898

  • For context, active listings for this week in 2015 were 1,013,245

 
 

One of my concerns with higher mortgage rates was that we could see another new leg lower in new listings data, which wouldn’t be good for housing because most sellers are homebuyers. This got tested in 2023 with 8% mortgage rates; not only did that not happen, but the new listing data was very stable, meaning it was forming a bottom. This is a big Merry Christmas gift for the housing market. Months ago on CNBC, I talked about how we should see some growth in this data in the second half of the year we have! 

However, the key to this data line is that we want to see real year-over-year growth in the spring of 2024 — back to levels of 2021 and 2022. Historically speaking, 2021 and early 2022 were the two lowest ever in new listings data. But once rates went above 6%, since July of 2022, we were treading for 17 months at a new low. For us to have a functioning marketplace, we need new listing data to get back to 2021 and 2022 levels, which means more sales can happen in 2024 This will be something I am rooting for in 2024.

New listings data for the last week in the last several years:

  • 2023: 36,897

  • 2022: 31,794

  • 2021: 35,834

 
 

Traditionally, one-third of all homes will have price cuts before they sell. When mortgage rates rise and demand decreases, more homes see price cuts. However, even with mortgage rates reaching 8% this year, we trended below 2022 levels the entire time. We are ending the year with almost 1.5% lower mortgage rates and the price cut percentage data below 2022 levels.

Price cut percentages this week over the last few years:

  • 2023: 36%

  • 2022: 40%

  • 2021: 25%

 
 

Mortgage rates and the 10-year yield

Considering the fireworks we had two weeks ago, last week was very tame. Not too much movement on the 10-year yield or mortgage rates. Mortgage rates started the week at 6.65% and ended at 6.68%. We had a lot of interesting economic data, especially the PCE inflation data running at roughly 2% growth using the 3- and 6-month averages. However, last week saw little volatility on the 10-year yield. Next we have the final week of trading with some big bond market auctions happening. We might see some decent movement in the bond market next week.

 
 

Purchase application data

This will be the last purchase application update for the year as the MBA takes the holiday week off and we will report the holiday period in the new year. Traditionally, I tell people to ignore the last few weeks of the year as most people are getting ready for Christmas and New Years so volume always falls. However, with that said, last week saw a mild decline of 0.6% on a week-to-week basis, making the year-to-date count 23 positive and 24 negative, with two flat prints. 

Considering that mortgage rates rose from 5.99% to 8.03% and we might have more positive weekly purchase application prints than negative weekly prints this year speaks volumes. The housing market is working from a low bar in sales, but that roughly 4 million core homebuyers stayed steady in 2023. Total home sales should be near 5 million even with the massive home price gains and higher mortgage rates.

 
 

The week ahead: Bond auctions and home prices

It will be a quiet week for economic reports; we will have a few home price index reports and some sizable bond auctions that can potentially move the bond market in a holiday trading week.

I want to wish you a happy holiday and a Merry Christmas. I know it’s been rough for the housing market this year with a deficient volume of existing home sales and loan originations. We should have a better 2024 and my 2024 forecast will come out on Jan. 1, 2024. Until then, enjoy the holidays with your family and remember: the housing market took it on the chin for two years and it bent with the lowest sales levels in history when accounting for the civilian workforce, but it didn’t break, and neither did any of you reading this. 

Read more at HousingWire.com

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If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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