Issue link: https://www.ifoldsflip.com/i/1337110
The Bay Area's comprehensive guide to new homes 111 Bay Area News Group Advertising Section Find us online at NewHomeFinder.news Expect smaller but healthier homes in the next decade Mortgage Updates Advertising contact: Sandy Lek 925-847-2135 slek@bayareanewsgroup.com Editorial contact: Rowan Briggs 925-943-8355 content@bayareanewsgroup.com Bankrate obtains rate information from the 10 largest banks and thrifts in 10 large U.S. markets. Mortgages are gathered based on 700 FICO with 80% LTV and between 30-60 lock days. This is an average of all points but the information we gather includes no more than 2 points. 30-YEAR FIXED 2.84 % 5/1 ADJUSTABLE RATE 2.99 % 15-YEAR FIXED 2.33 % For more information on this New Homes section that publishes every weekend, please contact: Real Estate Transactions See Page 2 See the New Home Finder pages See Page 4 By Erik J. Martin CTW FEATURES Withallofusspend- ingalotmoretime indoorsathomeover thelastyear,common sensewoulddictate thatit'seasytofeel coopedupanddesirous ofmorelivingspace— especiallywithremote workingandlearning likelytoremaininplace formanyhouseholds. Buthere'sasurprise: Newresearchsuggests thatAmericanhomes willactuallyshrinkover thenextdecade. Arecentpollcon- ductedbytheInter- nationalFurnishings andDesignAssociation (IFDA)foundthat nearly63%ofAmeri- canssurveyedexpect toliveinahomewith smallerspaceversus approximately37% whoexpecttolivein spacesthatarelarger (3.67%)orthesame size(33.94%).Nearly2 in3anticipatethefor- mallivingroomtodis- appear,andabout58% believeaseparatedin- ingroomwillbecome extinct. Respondentsalso expecthomestoget alothealthierand greenerinthecom- ing10years,aswell. Around3in4surveyed believesustainability andgreendesignwill becomemoreimpor- tant,andawhopping 95%expectwellnessto beemphasizedmorein designplanning. PaulForesman,vice presidentofDesign BasicsinOmaha,Ne- braska,isn'tsurprised bythesefindings. "Single-family homebuildinglots droppedtoarecordof just8,177squarefeetin 2019,pertheU.S.Cen- susBureau.Dictated bysmallerhomesites, it'sgenerallytruethat newhomesaregetting smaller—atrendthat's likelytocontinue,"he says."Typically,the homeplanswearesell- ingtodayareconsider- ablysmallerintermsof See HEALTHIER Pg 2 NEWHOMECOMMUNITIES For advertisinginfo, contact SandyLek at (925) 847-2135 or slek@bayareanewsgroup.com Bay Area News Group's next 15 th Upcoming Publishing Dates: March 7, May 23 & September 26 The Mercury News East Bay Times | Marin IJ & March 5, May 21 & September 24 27 Community Weeklies *Source: 2020 R1 Scarborough Research 2021 Dates Sunday Readership 662,400*
