Welcome to today’s real estate news roundup! We have some exciting updates in the housing market. Toll Brothers, the nation’s leading builder of luxury homes, is thrilled to announce the grand opening of Alara at University Park, a new community in Palm Desert, California. Offering exquisite designs and outstanding quality, this amenity-rich master plan features 49 new homes with prices starting from the low $700,000s. In other news, KB Home is excited to unveil Cottages at The Preserve, a modern community of two-story homes in highly desirable Antelope, California. These flexible and comfortable homes come with a range of features and amenities, providing an exceptional living experience. Furthermore, there are discussions about a potential makeover for California’s controversial “builder’s remedy” housing law, aiming to clarify its guidelines and ensure accountability. Lastly, Pennsylvania welcomes its first million-dollar communities, Villanova and Gladwyne, reflecting the rising property values driven by limited inventory and high demand. Explore these exciting updates in the housing market!
Toll Brothers Announces New Luxury Home Community Opening
Toll Brothers, Inc., the nation’s leading builder of luxury homes, is excited to announce the opening of its newest community, Alara at University Park, in Palm Desert, California. This amenity-rich master plan will feature 49 new homes, offering a range of exquisite designs and outstanding quality. With prices starting from the low $700,000s, home buyers can choose from 3 to 5 bedrooms, 2.5 to 4.5 bathrooms, and 2-car garages. The community also boasts a state-of-the-art Design Studio, allowing buyers to personalize their dream homes with the help of Toll Brothers’ professional Design Consultants. Residents will have access to exclusive amenities, including pools, spas, fire pits, pickleball courts, and more. Located near shopping, dining, entertainment, and major highways, Alara at University Park offers convenient luxury living in one of Palm Desert’s most desirable communities.
KB Home Announces the Grand Opening of Its Newest Community in Highly Desirable Antelope, California
KB Home is thrilled to announce the grand opening of Cottages at The Preserve, a new community of two-story homes in highly desirable Antelope, California. These modern homes are designed for contemporary living, featuring spacious great rooms, bedroom suites with walk-in closets, and ample storage space. With up to five bedrooms and three baths, these homes offer flexibility and comfort. Homeowners will also enjoy the planned community amenities, including open space, walking trails, and wetlands, as well as the convenient proximity to local schools. KB Home stands out by building strong relationships with customers and providing a personalized homebuying experience. Each KB home is uniquely built to fit the customer’s preferences, from floor plans to exterior styles. The KB Home Design Studio offers expert advice and a wide range of design choices. As the #1 customer-ranked national homebuilder, KB Home prioritizes customer satisfaction. The Cottages at The Preserve is located in a commuter-friendly area, providing easy access to downtown Sacramento, major employment centers, and the airport. The community is also close to premier shopping, dining, entertainment, and recreational opportunities. The sales office and model homes are open for visits, and pricing starts from the $470,000s.
California’s Most Controversial Housing Law, the ‘Builder’s Remedy,’ Could Get a Makeover
For the past two years, California’s “builder’s remedy” housing law has caused uproar among local officials and developers alike. The law allows developers to build without restrictions in cities and counties that have not met housing development deadlines. However, despite its use as a negotiating tactic, no projects have broken ground due to the lack of legal certainty. Now, powerful Democratic lawmakers are proposing legislation to clarify and rein in the controversial law. The proposed overhaul includes new perks for developers, clearer application guidelines, and a provision to bypass environmental review and public hearings under certain conditions. The bill would also cap project sizes and prohibit the use of the builder’s remedy in industrial zones. The aim is to provide clear rules while holding cities accountable for housing production. The bill has received support from pro-housing organizations and is scheduled for review by the Assembly’s Housing and Community Development committee.
Villanova, Gladwyne are Pennsylvania’s First Million-Dollar Communities
According to an analysis by Zillow, Pennsylvania now has two communities where the typical home is worth $1 million or more. Both Villanova and Gladwyne, located on the Main Line in the Philadelphia area, made the list. The increase in property values can be attributed to a lack of homes for sale and rising prices. Across the United States, there has been a record number of “million-dollar” communities, driven by high demand and limited inventory. New Jersey has the third-most of these communities, with 49 in total. The spring real estate market is expected to remain competitive, and if mortgage rates drop, it may lead to further price increases. Villanova and Gladwyne offer highly rated school districts and attract buyers from various states.
KB Home Announces the Grand Opening of Its Newest Community in Moreno Valley, California
KB Home is excited to announce the grand opening of Palmetto, its newest community in Moreno Valley, California. These new homes are designed with modern features that cater to the way people live today, including spacious kitchens overlooking large great rooms, bedroom suites with walk-in closets, and ample storage space. Palmetto offers single-story homes situated on large home sites, featuring up to five bedrooms and two baths. Homeowners will enjoy beautiful mountain views and the convenience of being walking distance to local schools. KB Home’s commitment to personalized homebuilding allows buyers to customize their homes from floor plans to exterior styles. With a focus on innovative design, energy efficiency, and sustainability, KB homes offer comfortable and environmentally friendly living spaces. Palmetto is located in a commuter-friendly area with easy access to major highways and employment centers. The sales office and model homes are open for visits, and pricing starts from the $560,000s.