Alright, so this video is all about new homes here in Temecula, California. We're gonna talk about the new incentives that are out there, what some of these different home builders are offering. We're gonna talk about some of the hidden costs and some things that you might not think about and the builder definitely won't tell you about if you are gonna buy a new home.

And then we're gonna talk about some of the brand new communities that are coming. There's not a lot of information about these online, really most anywhere. So I think this will be some really good info. So let's go ahead and get into it.

Hey guys. Hey again. My name is Justin Short. I'm a realtor and team leader with the short real estate team here at Keller Williams in Temecula, California. And this video is all about the new build communities that are currently going on here in Temecula. We're gonna talk about some of the new incentive programs that are out there, which have changed quite a bit, you know, with the market conditions and kind of what's been going on the last year and really the last few months.

There's a lot of incentives that are out there. Uh, we're also gonna talk a little bit about some of the hidden costs and maybe some things that you guys aren't thinking about and, you know, probably aren't gonna be discussed a ton with the builder. As far as some really high ticket items that you gotta think about if you are gonna buy a new build.

And then you are also gonna talk about some of the new up and coming communities. So these are communities they have not released yet. There is very, very little information online about 'em, if any at all. So hopefully, I think it'll be really good information if you are looking at new homes or thinking about buying a new home.

Uh, but before I get into all the information, if you are liking real estate videos like this, please do me a favor. Please hit like please sit, subscribe. Obviously it helps me, it helps my channel as I try to continue to grow it. Um, and we do have new videos that we put out there each and every week. So all about the surrounding areas.

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So, um, you can feel free to reach out. You know, I am obviously a full-time real estate agent. That's how I earn a living. So I would love to help you and your family with your real estate search if we can do anything or if not, I'm happy to at least point you in the right direction. People reach out all the time, happy to make some recommendations, point 'em in the right area, uh, recommend one part of town over another.

Um, so hopefully, uh, would, yeah, love to hear from you. You're gonna see my information either down below or at the end of the video, my cell phone and my email, so you can feel free, you can call, you can text, you can email me. Uh, that's my personal cell phone. So feel free to reach out and I'll make sure to, to get back to you.

So. Cool. Alright, so we're gonna talk about, about new builds and, and again, this video is really primarily for the city of Temecula. Uh, so I guess the disclaimer up front is there's really not a ton of new build communities that are currently going on in Temecula. Um, and the reason for that is Temecula, you know, it started, most of the city was being built really in more like the mid nineties to like mid two thousands.

So like 95 to like 2005. Um, There are new builds that still have new communities that are going in. After that, you know, 2010, 12, 15, 20, and there are still new construction communities still happening, but just because the area has gotten so built out, there's really just not that much space left in the city.

There's not a ton of new construction. Um, so there, but there are a few we're gonna, we're gonna talk about those and there are some more coming over the next few years. Uh, but if you are looking for a new build, a lot of people do end up looking at some of the surrounding cities because although TEM only has a few.

Murrieta has a really good amount. There's a lot There's just a lot more open land, right? There's a lot more undeveloped space. Menifee has a ton. Uh, lake Elsinore, there's. A ton, a ton, ton. Like, there's just a ton of, it's just, it's a huge city. There's a lot of new construction going on. Um, and then Winchester has a bunch of new construction that's going on as well.

So if you are set on buying a new home, which there's, you know, a lot of positives to that, you know, to make, that's a great location. And we'll talk about some of what's going on, but you do want to take a look and consider some of those other areas if you really want to get into a new build.

Um, you know, if you've. If you're all familiar with the area or if you've seen any of my other videos, Temecula is the most expensive of those cities. So, um, it's, it's a great, it's a great area. You know that's where I live, right? I think it's a great place, but, um, you gotta find the right fit for you.

And if you are looking at new builds and you wanna stick with a new construction community, you might wanna look at some of those other areas as well. So. Cool. All right, so first thing we're gonna talk about is incentives. So if you haven't been paying a ton of attention to the real estate market, I think most people have a general idea, like early 2000, you know, around COVID.

You know, the real estate market really took off, right? It was going crazy. Homes were selling super, super fast. Um, you put your home out there and it would sell with 20 offers, way above list price, et cetera. Uh, I think people realize that interest rates have gone up. Substantially over the last couple years.

So because of that, that has really affected affordability. So if you're gonna get a mortgage, the mortgage payment you pay today is much higher than it would've been, say four years ago because of where the rates are, right? So with that, we've seen, definitely seen a slow down in the real estate market.

So much so, so over the last, it's probably about two years now, we've really kind of seen more of a flat line in the real estate market. So we, a lot of people thought we might see like this big real estate crash, like home prices were gonna crumble. That has not been the case at all. But we've really just been in a very steady, balanced market between buyers and sellers.

You know, homes selling in about 30 days. For, you know, about as much as the neighbor sold for a year ago. You know, that, that type of thing. Um, and over the last, so it's now, this is now summer 2025. Right. And so over the last few months from that kind of that middling balanced market, we have seen more of a slowdown for sure.

And I think there's a lot of reasons for that, right? I mean, probably. Can get more information from other places about that. But, um, you know, there's a ton of things going on in the world, right? Um, the affordability, you know, interest rates being where they are. There's been kind of that mid sixes to 7% range for the last couple years.

And there's just a lot of, you know, economic, uh, challenges, struggles, you know, uncertainty that's out there that have really caused the market to slow down, caused a lot of buyers to go back on their heels. And, you know, there's a lot of sellers that right now are having a little bit of a hard time selling their home.

So, um, just on the resale market. Homes, you know, we are seeing homes instead of selling in about 30 days, they're now taking about 60 some closer to 90 days. We're seeing a lot more price reductions. We haven't really seen too much of an actual cut in your average sales price, but I think we're, we're kind of at that point where you're gonna start seeing some of those stats come up where your average sales price is gonna start to dwindle a little bit.

Is it coming down a hundred K for your average house? No, um, our prices maybe down 10 grand, 15, 20. Yeah, I mean, I think that's probably pretty realistic. You know, I have a lot of clients that I'm helping, you know, sell their homes that are having a, you know, discount and make concessions and I'm having buyers that I think are getting pretty good deals on homes, right.

Can write some aggressive offers, can, you know, get a home that's been sitting on the market a hundred days and negotiate down the price pretty good and get, you know, what I would say would be a, a pretty good deal. So. Uh, it's just, it's definitely a changing market. So that's a long-winded, you know, kind of intro here to with, as the real estate market has changed, especially over the last couple months, there are these new build communities that are out here and, you know, other areas as well.

But you know, when. They are selling not just one home, right? They're trying to sell a few hundred homes, a few hundred condos, um, and they have a lot of inventory they need to sell. I mean, these are businesses, they're investments. They have to sell them and so keep deciding to keep it and rent it out is not a problem.

You know, not, not on the table. They're gonna, they're gonna have to sell it. So, because of that, once you see, when you see a little bit of the real estate market slow down like this, and it's more pronounced over the last 60 days. These new build communities that are carrying all this inventory, they have homes that are being constructed each and every day that they have to sell.

They start offering more and more incentives. And that's really what we've seen. So, um, right now there are really only three new build communities that are going on within the city of Temecula. Um, we have. The first one that we'll talk about is by Meritage Homes. That's the Prodo community. Um, and it's, and it's kind of funny cause I can see it literally right behind my window here.

Uh, they're like building 'em very, very close to where my office is, right on the other side of the freeway. Um, but it's a very nice community there. It's kind of a second portion that Meritage. Built another community like half a block down the street. This is the newer one. Um, they are, some people think they're single family homes, but they are actually detached condos, but they're detached condos very, very close to Winchester Road, right on the border of Temecula in Murrieta.

Um, they're gonna be priced anywhere from about $600,000 to like the mid sevens, you know, depending on the size and all that type of stuff. But they have a ton of incentives that they're offering right now, and it's because, you know, they're having a hard time selling their homes and things are starting to, to sit and they're.

They gotta get 'em sold. So, um, this, this is definitely the most incentives that I have ever seen on a new build here locally at least. So on those homes, we're seeing closing cost incentives from the builders to up to $28,000. So, which is gonna be, basically, it's gonna cover you as a buyer.

You're gonna get all your closing costs covered. Probably can use some of that money towards some type of rate buy down. So to get as maybe a, instead of a six point a half percent rate, maybe you can buy it down to five point a half, you know, for the next 30 years or, or, you know, 15 years with an adjustable or whatever the, whatever the terms are.

But that's a ton of money that they're putting out there towards closing costs. In addition to that. They're also throwing in window coverings, so blinds that are gonna be included, usually that is something that you would pay for extra outta your pocket after you close. They're also upgrading appliances.

So upgraded appliances to like more of a higher end package. I think they're using but I'd have to double check, but more, you know, so those incentives are gonna spend more money on appliances to include 'em. I think they're including the fridge, washer and dryer too, which it's, you know, four or 5,000 bucks for someone to buy a brand new one.

So those are gonna. That, that's, that's an incentive as well. And what I think is the biggest one, which is the least common that I've ever seen, I have not seen before, is meritage. If you're buying one of these homes, they are also including backyard landscaping. So, um, that is something when you go to buy a new home, you're gonna have to, you're, you're gonna buy a, if you have a backyard, it's not a condo, right?

Um, you have basically, it's a piece of dirt. Right, and you're gonna have a backyard that you're gonna have to develop and that costs a lot of money. So, for hardscaping and landscaping, I mean, these are detached condos, so, uh, they're not the hugest lots in the world by any means. But still, someone is easily gonna come in there and spend 10, 15, 20, $25,000 easily.

To do your hardscaping and landscaping. So the fact that the builder is gonna cover this, that, that's a big plus. So, uh, that's the, i I think that's a ton of incentive. So if you are looking for something, it's, they're, you know, a little bit tighter, you know, your detached condos, so not like a true single family home, but up to $28,000 in closing costs, window coverings, upgrade appliances, and backyard landscaping.

So that, that's, that's a ton that they're offering really. It's probably over $50,000 in upgrades from That's what I'm doing, the math. So, uh, that's, that's a big thing. Uh, the second community, uh, the second and third are both a part of Summer's Bend. So if you're not familiar with Summer's Bend, it's this big master plan community in Temecula that's kind of on the border of wine country.

Um, overall Butterfield stage, I'm sure you can, you can pull it up on. On, on Google, uh, but most of the community is all sold out. So they have all types of homes from, uh, you know, from condos to detached condos, to town homes, small single family homes, big single family homes, big, huge lots, uh, big, almost semi custom, you know, half acre estates and kind of, and everything between 55 plus big, big, huge community.

I think there's gonna be almost 2000 homes when it's all, when it's all said and done right. Um, but most of that is pretty much all sold out with the exception of two areas. And so those two areas are still available and you're starting to see some incentives, at least on, on one of 'em. So what is available in sommer's bend are the condos.

So that's the discovery community, they call it. So it's the attached condos in sommers bend, um, because they're, you know, they're, they're condos. You have a low price point. They're gonna start in the low 500 thousands. And right now they're offering a pretty good incentive as far as a rate, uh, rate buydown.

So they're offering interest rate at 4.99. Fixed for the next 30 years. So that's a pretty good incentive. Uh, they also do have some closing cost incentives that they offer as well is more of a case by case scenario. Um. But that's, and I've even seen, I've had a couple clients, I have, I know of people who have actually even placed an offer on these and be able to get a discount price wise as well.

So that's pretty significant. Um, and then the third community is also in sommers bend. It's kind of on the flip side of things. So it is not that entry level pricing, it is their luxury ultra high end. They call it the Shaw Wood community. So really they're like half acre, uh, half acre. Prop half acre properties, um, super, super cool homes.

All these really cool high end finishes. Super high ceilings, super, you know, um. Uh, prep Kitchens and all, all types of really cool stuff. I think the smallest one there is like 3,500 square feet and then they go up to somewhere in that 5,000 square foot range. Uh, they are totally opposite end of the price point.

They're super high end for Temecula. Uh, really to get a home in Shaw Wood, you're really going in right at the $2 million area and end up, so anywhere from two to probably $2.6 million they're gonna end up spending on a new build. They do offer, you know. They do advertise some lower price points, but by the time you add options and stuff, it's probably not gonna be, be realistic.

Those do not have the same type of incentives, at least that I was able to see. Um, they do have some closing costs, things that they're gonna help with and whatnot, but it's just, it's a different market, right? It's gonna be a different buyer. And, uh, they don't have those, all those incentives that just rattled off on the others.

So those are the three, uh, new build communities that are currently going on in Temecula. Like I said, that first one by Meritage has a ton of incentives. You definitely have some good ones going at the other condos in Summers Band and then the high end and not, not so much, but uh, they are still going in out there.

All right, so the next thing I want to talk about is if you are gonna buy a new build home, you know, either are a lot of those, what I would call hidden costs and things you might necessarily not think about, um, that you're gonna have to spend money on. And this is something you really want to think about and really know about ahead of time.

And, you know, as someone that I. I've helped a lot of clients buy new build homes. I have personally bought a couple myself and even just a lot of my neighbors, you know, that we, they kind of went through this whole move in process with me and once they got in, they're like, oh, I didn't know. I didn't really, I didn't really think about this.

I didn't really think about these costs. So this is really something that if you are gonna buy a home, you really wanna think about and just make sure you are prepared for it and make sure that you know. Know what to expect. So, um, I think a lot of times, and this, I get this comment from clients and I think maybe people from watching these videos, they might think that I am anti new home.

Uh, that's really, that is not the case. I think new builds are really, really great. Um, I have personally bought two new build homes over the last, like six years. Um, so. You know, I think they can be a really good option for people, but you just really gotta go know what, what you're getting into. And a lot of times people just don't realize, you know, some of the cost that they are going to open themselves up to, um, that they're not, uh, not necessarily thinking about.

So, um, number one is when you buy a new build, there are some true hard costs into the actual house itself that a lot of people don't necessarily think about. So, uh, when you go, when you buy a house, and let's say it's kind of your typical, typical tract home, let's say it's, you know, 7,000 square foot lot, you have a good, pretty good sized backyard, right?

When you buy that new build and you move in from that day, it is a piece of dirt out in the backyard. And when you have all that dirt, you're gonna have to hardscape it, you're gonna have to landscape it. A lot of times the HOA will even have certain time periods that they mandate that you do your projects in.

For example, the community that I live in, they told us that you have to start your project within 90 days. Um, and you know, for someone, if you just bought a. 6, 700, 800, $900 million homes. Um, you know, you spend a lot of money on that, right? There's a lot of costs, a lot of moving costs and everything. And then to have to immediately fork out a big chunk of money to do the backyard, uh, that's something a lot of people don't think about.

And, and that's kinda what I was mentioning earlier. A lot of, even my neighbors, you know, from where I, where I live now, I would say probably 20% of 'em, like, oh, I didn't, didn't really think about doing the backyard. It wasn't really something I ever wrapped my head around. And it is such a big cost that most people do not think about it.

And really with a typical tract home, the cost that I see that most people are paying to hardscape and landscape, their backyard is anywhere from $20,000 to $50,000. And if you wanna do anything fancy, like put a pool in, um, that's gonna easily gonna add an extra, you know. 80, 90, a hundred thousand dollars.

Super, super quick. So these are not quick projects. Like I said, most are gonna be between 20 to 50 K that they're gonna put in the backyard and just something that you really want to wanna think about. So, uh, that, that's number one. And that's really the biggest cost. Uh, the second one that I would mention are window coverings.

So when you build, move into a new build. They don't come with any blinds, typically 99% of the time. So there's no blinds, there's no window covering, there's no shutters, anything like that. Say you buy a big 3000 square foot home, that's gonna be, there's a lot of windows that are in there, and there's probably more than you think.

And so you're gonna have to pay to hang up blinds. And so many people like, you know, the shutters, um, or some type of automated, you know, window covering system. That's gonna cost a lot of money. So the average home, if you're gonna put, let's say, shutters in which are obviously it's higher end, right?

Like more than, probably the most expensive way you can do it. Um, but they're gonna spend between eight to $10,000 is what I see a lot of my clients spend. So. Again, that's another cost you're gonna have to think about. Uh, the third one would be paint. Um, although when you move in, you do get a coat of paint from the builder.

It is white, which, at least, is popular nowadays. But, um, it's white, but it is a super, super thin, almost chalky, uh, flat paint. So. I just went through in my house, you know, you, you move in, especially if you have kids, you know, they're touching the walls. You can't really clean the wall, you know, if they scuff and they rub their elbows and they rub their jackets and balls and shoes, all that shows it, mark, it marks up the walls and dings them up.

And, you know, after a few months of that, it is super, super frustrating to live with. So you're gonna need to paint the inside of the house. And the cost to do that. You know, again, for most people, it, you know, depends if you're gonna do it yourself, you might be able to do it for a couple thousand bucks.

And if you're gonna hire someone, it might be four to 6,000 bucks, right? So it's gonna be a pretty significant cost there. And then just in addition to that, um, there are a lot of little details that people don't necessarily think about. So say if you want some of these, you know, nicer finishing features, like some certain light fixtures or, you know, barn doors, or built-in cabinets or built-in shelving or feature walls in your bedroom, or anything like that, you know, just know that's all gonna cost money.

And when you buy a new build, it's all. None, none of that exists. So it's all just, you know, your, your base white paint, uh, that doesn't have, you know much really any design to it, anything like that. And just know as if you walk through your typical home, you can typically see a lot of those little projects and just know somebody paid money for that, somebody built that themselves, somebody did those things.

And there's just a lot of costs that people don't necessarily think about. So I would say those are like the physical costs to to, to the house. Um, in addition to that, the other things that I wanted to mention are high property taxes. So typically when you go to, say you're gonna buy your normal home here in Riverside County, you're gonna have, your tax rate is right about 1.15% is gonna be your tax rate.

And if you're gonna buy a new build. That tax rate is typically gonna be anywhere from about 1.8 to north of 2%. Um, so it doesn't necessarily sound like such a big deal, so it's an extra 1% or so in property tax. But if you're gonna buy, it's called an 800,000 home, that extra 1% can be an extra $8,000 a year that you're gonna pay in property tax.

So that is super, super significant. You have to extra, what, 700 bucks a month or so? So that's a big deal. And that is something the builder will tell you about, but you, when you hear that number, it doesn't necessarily sound too high. So you really gotta think about, okay, what does that cost me on a yearly basis?

How do those property taxes affect me? And how does this property tax affect what I pay per month? Uh, especially if you're gonna impound 'em, put 'em on, put 'em on your mortgage. Uh, and then the last thing I wanted to mention is solar. Um, if you don't know, it is California state law that any new construction home now must come with solar panels.

And so when you see these homes that are advertised, it's even the communities that we just talked about. Let's say it's one of these detached condos for $650,000, right? They're gonna advertise that and on the sign, that's your sales price. Uh, they're. There's a little fine print there that says this price does not include solar, and you must purchase or lease solar on top of that.

So, um, you, if, when you buy a new build, you, those prices do not include the solar panels, so you're gonna buy them in addition to the sales price for usually anywhere from 10. Uh, it could be anywhere from nine to $13,000 is what I see as most common. Um, so you can add that into your mortgage. You can pay cash for it.

Or you can turn around and you can lease it. Um, you know, either way you're gonna have an electric bill, right? So changing your electric bill to a solar bill isn't necessarily a bad thing. There's a lot of pluses to that, but that is a cost that really almost nobody thinks about unless you've bought a new construction home in the past.

Um, so anytime you see those advertised sales prices, at least in California, they do not include solar panel. Yes. All right. So the last thing that I want to talk to you guys about is the new construction homes that are coming to the city of Temecula soon. And, uh, this is, this is a little hard to go over because some of the information is a little vague and it, and it's not that I don't wanna give you the right information, it's just that the builders have.

Not put a ton of detail out there, just kind of some breadcrumbs, but I think there's a lot of information you're not gonna hear other places and hopefully, so it's, it's really good information for you guys to know, especially if you are wanting a new construction home here in Temecula. So like I mentioned before, there's very limited new construction communities that are currently going on, but there are.

Three that are coming soon to Temecula. Um, and I think they're gonna be pretty, pretty cool communities and pretty cool additions and some pretty good options for people, uh, especially if you're feeling like there's a lot, a lot of great resale options for you that are out there. Um, so number one is an addition to the Summers Bend community.

So, um, there is a, there actually. Three Tracted homes track three sections of tract homes that are being added onto the sommers bed community. Um, so they haven't really officially named it. I dunno if they're just gonna call it Sommers Bend. I'm calling it Summers Bend part two. Uh, that's probably not.

It's probably not the official term, but um, this is gonna be done by Richmond American Homes and if I didn't mention it before, I actually live in Summers Bend. So it's something I pay a lot of attention to. I can see right now as I leave my housing tract, uh, that they're doing a lot of grading. And so what they're doing is they're setting up.

Uh, three different areas where they're gonna be building homes. Um, there are, right on the other side, you pull up a map where summer's been home. Community is, it's gonna be right on the other side of Butterfield stage. So that would be, I guess that's the west side of Butterfield stage. Um, the first section by Richmond American is gonna be smaller homes.

Um, those are gonna be about a, it will so, well, I guess all the communities. All three is gonna be a total of 135 homes. So it's not a ton of homes we're putting in. Um, but the first one is gonna be. Little bit smaller tract homes is what it looks like. Uh, they, they're calling for a total of 106 tract homes that they're gonna put in.

It looks like the lot sizes are about 3,500 to 4,000 square feet on average. You know, that's the last advertising that I saw. So that's not huge by any means. But do they do look to be. Single family tracked homes that are gonna be there. Um, in addition to that, uh, just on the other side of the main road, I think that's called Nicholas, but the other side of the main road there, uh, they're gonna have some larger lots.

So there's gonna be 14 homes that are on quarter acre lots. So that'd be pretty large homes for, for a new, uh, pretty large lots for a new tracked build. You know, home nowadays. Um, and then just up the road. So right up Butterfield stage right around the corner, uh, there's gonna be more with the high end homes, which is gonna be another 14 lots that they're gonna be releasing.

Uh, these are gonna be half acre lots, which is really, really huge. I mean, your average tract home in the city's probably about 7,000, 6,500 square feet. So these are gonna be north of 20,000 on average. So they're, they're really huge. They're gonna be a part of sommers bend. You're gonna be part of that summer spend, uh, you know, HOA, the community, all the amenities that are there, the parks, you know, the clubhouses, uh, the community pools, the running trails, all that type of stuff.

So since I live there, I think that's pretty cool. It's something I'm excited about. Um. You know, and we'll have to kind of see how the information comes. But it looks like the R grading right now, it looks like by the end of the year, I should have some more detailed information on what's going on.

So if you like the Summers Bend community and maybe missed out on some of the single family homes, um, that is. That's, that's gonna be a really, a really good option for you and something to, to pay attention to. So I'll definitely keep you guys posted on these videos are regarding that. Um, the second community is actually a part of Paseo Del Soul, so if you're not familiar with the city.

Paseo DeLeo is a very large Tracted home community that has been built in Temecula for quite some time. A lot of the community started being built, I think it was probably in the late nineties, early two thousands. Um, and then there was a second newer section that was built right around the 2012 2013 area.

Um, it's located in the southern portion of the city, uh, right off of Temecula Parkway. It's not considered South Temecula, but kind of southern portion of Temecula, and there is a big dirt lot that has been sitting vacant for a really long time and now the Woodside Homes builder is starting to develop it.

They have graded a lot of lots. I guess they ran into a little bit of some issues, uh, with some of the water lines that they're kind of working through. So that's kind of delayed things. Um, but it looks like they are hoping either later this year or early next year, uh, they're gonna start being able to move forward with their development.

So you can see if you drive by, you see all the lots graded, uh, it looks like there's gonna be a good amount of homes that are gonna go in and they're saying that's gonna be a part of the EO del Soul community. Again, hopefully information later this year or early next year. And the third one is the biggest, and it's probably the one I think most people already know, know about, but they probably don't have some of these details.

So this is the one, there's a big, huge, massive community going in Temecula in the, around the old town area. So if you're not familiar, if you're going down the 15 freeway and you look towards the west, they've been cutting into the hillside. They've been chopping it up and they are now grading for a bunch of homes.

Um, it's gonna be this big huge master plan community. I didn't get a count, I didn't see anything about how many they're actually gonna have, but they're slated for a grand opening in summer 2026. That's next year. Um, they're gonna have, it's gonna be at new homes. Um, they talked a little bit about the HOA.

There's gonna be, you know. It sounds like it's gonna be very similar to that Summers Bend community I was telling you about. So they're gonna have, you know, your, your private rec room, they're gonna have a community pool, they're gonna have parks in the community. They're gonna have trails. And they're also saying they're gonna be putting in some future roadway improvements.

Uh, which I thought was kind of interesting, but it's probably, 'cause there's not a ton of roads going back to that part of Old Town. So it'll help make the access coming in and out a lot easier. Um, and then one thing I did not know about, I had not heard anything about. But it looks like they are also considering to have, besides the home, the new homes that they're gonna be selling, they're also gonna have some homes that are for rent as well.

So built to rent. Um, if you guys aren't familiar, that's getting more and more popular, you know, throughout the US So it sounds like potential for a builder, some of these tract home builders to go in, build, you know, a hundred homes or so, and then just turn around and only have them as rentals. Obviously I'm, I'm a real estate agent, right?

I want to buy and sell homes. Um, I don't think that's the greatest idea in the world, and I think a lot of people are kind of down on that. But sure, there's a lot of advantages. It's probably a little bit more affordable for people on a monthly expense. So we'll have to see. Maybe that'll end up being a good thing.

Um, they did say it's potential not, it's not necessarily going to happen. Um, I'm sure we'll have. More information over the next 12 months and kind of see, see how that pan out. So anyways, hopefully, hopefully that's good information for you guys. I think the info about the new build communities coming I think is good.

Again, sommer's been part two, uh, Paseo Del Soul add-on, and then you have that new community in Old Town, the All Tear community. Um, that's gonna be pretty massive and it looks to be pretty great. So anyways, feel free to reach out if you guys have any questions, you can call, you can text, you can email me, hopefully.

Talk to you soon. Thanks.