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Lennar Houston celebrated the opening of their brand new Opal and Grafton model homes in Inverness Estates the weekend of Saturday June 27th and Sunday June 28th by hosting a grand opening event. On Saturday guests were invited to enjoy lunch and enter to win prizes while touring the homes.
Lennar Houston offers their stunning Lakeside, Stonewall, and Texas Reserve collections of Livable Luxury homes in Inverness Estates priced from the $260s to the $360s with square footage ranging from 2,050 to 3,800 sq. ft.
The new Grafton model home is part of the Stonewall collection of homes from the Livable Luxury Series featuring high-end included features. The popular two-story Grafton plan features a study, formal dining room, family room with corner fireplace, island kitchen with walk-in pantry, and a two-car garage. The four-bedroom home’s master suite and secondary bedroom are located on the first floor. The spacious master suite includes a private bathroom retreat with separate tub and oversized shower, dual sinks, and a grand walk in closet. The second floor features a game room and optional media room.
Also from the Livable Luxury Series, the stunning two-story Opal plan from Lennar’s Texas Reserve Collection of homes features a grand entryway, formal dining room, study with optional exposed ceiling beams, island kitchen with large pantry and breakfast nook, family room with corner fire place, covered patio, and tandem three car garage with porte-cochere. The spacious home boasts four bedrooms, 3.5 bathrooms, a game room, and optional media room. The master suite of the Opal, located on the first floor, features a private bathroom retreat with separate tub and oversized shower, dual sinks, and a grand walk in closet.
Inverness Estates is a beautiful community located north of downtown Houston, in Tomball, TX. Residents have easy access to I-45 and the Sam Houston Tollway, making commuting a breeze. Residents also enjoy close proximity to a variety of shopping, entertainment, and recreation activities. Students attend the Klein Independent School District.
Lennar has a longstanding history of building homes of enduring quality in some of Houston’s most desired real estates locations including Katy, Richmond, Conroe, Spring, Pearland, Humble, Cypress, Tomball, Kingwood, Rosenberg, Rosharon, Baytown, Fresno, Fulshear, La Marque, Crosby, Willis, and Friendswood.
Welcome Home Centers are open daily in every community from 12:00PM – 7:00PM Sunday- Monday and from 10:00AM – 7:00PM Tuesday- Saturday.
For more information visit www.lennar.com/houston
Buyers Invited to Tour New 55+ Communities in Tinton Falls and South Brunswick
Lennar, the national home builder and long-time fixture in the New Jersey marketplace, has introduced an exceptional collection of furnished model homes at its two newest Greenbriar active adult communities: Greenbriar Falls in Tinton Falls and Greenbriar at Villagio in South Brunswick.
Two professionally-decorated homes have been introduced at each community, showcasing the new floorplans that are redefining the popular neighborhoods. Prospective buyers are invited to tour the new homes at both communities and experience the spacious layouts and upscale designers finishes and appointments for themselves.
“We’re delighted to take the next step in introducing these two outstanding communities to the marketplace with the opening of our first model homes,” said Don Bompensa, President of Lennar’s New Jersey Division. “Buyers can now experience a new level of luxury with dramatic home designs that complement their communities’ respective settings and lifestyles.
In Tinton Falls, Lennar has unveiled the Magnolia and the Bayberry, three-bedroom, 2 ½-bath model homes featuring stone fireplace walls, gourmet kitchens, hand scraped wood floors and more that Lennar offers as standard features. The models represent a new collection of 49 luxury townhomes Lennar is adding to complete Greenbriar Falls. Located in a quiet, upscale suburban neighborhood, Greenbriar Falls offers well-appointed townhomes in a community that already includes a 4,200 square-foot clubhouse with a gathering area, card room, billiards room, fitness center, outdoor pool and walking trails. Prices currently start from $649,950.
The Magnolia model features a three-bedroom, 2.5-bath design with 3,271 square feet of living space. The first floor includes a family room, dining room, kitchen with breakfast area, a study and an outdoor patio. All three bedrooms are located on the second floor, including a large master suite with a walk-in closet and a lavish master bath with a double-vanity sink. The Bayberry’s three-bedroom, 2.5-bath design features 3,397 square feet of living space. An entrance foyer, great room, study, dining room, gourmet kitchen and master-suite with walk-in-closet and master bath round out an impressive first-floor layout. Two additional bedrooms, a loft, a storage space and a media room are located upstairs. Both homes include a finished basement and two-car garage.
In South Brunswick, buyers can now get their first look at Lennar’s unique reimagining of Villagio with the grand opening of the three-bedroom, three-bath Capri and the three-bedroom, 2.5-bath Bianco model homes. The models dramatically showcase the new collection of 135 single-family homes Lennar is developing at Greenbriar at Villagio which features a picturesque, Italian-inspired neighborhood just minutes from downtown Princeton.
Greenbriar at Villagio appeals to home buyers enticed by the Greenbriar active-adult lifestyle, as well as landscaping and décor with a touch of Mediterranean influence. The community is located just minutes from historic downtown Princeton and boasts amenities that include passive recreation areas, manicured walking paths, picturesque ponds, tennis courts, basketball courts, gazebos, a waterfront amphitheater and a clubhouse, with prices starting from $522,950.
The Bianco model boasts 2,678 square feet of living space with a desirable first-floor master suite. The first floor also includes an entrance foyer, dining room, gourmet kitchen with breakfast area, laundry room, study and a spacious great room with fireplace, while the upstairs features two additional bedrooms and a flexible loft space. The 2,731 square-foot Capri model home incorporates both the master suite and a second bedroom into the first floor, which also as well as a dining room, kitchen with breakfast nook, great room with fireplace, and outdoor patio. The second floor includes a flexible loft space, third bedroom and a study. Both homes offer a two-car garage and the Capri includes a finished basement.
Several major highways are easily accessible from Greenbriar at Villagio, and the Princeton Junction train station is nearby, offering service to Manhattan and Philadelphia via transfer. Downtown Princeton is a short drive away, providing residents with endless opportunities for boutique shopping, gourmet dining, culture and entertainment.
Buyers at both Greenbriar Falls and Greenbriar at Villagio enjoy Lennar’s nationally-acclaimed “Everything’s Included” program which provides buyers with today’s most popular features and upgrades already included in the purchase price, such as granite countertops, cabinetry, hardwood flooring, stainless steel appliances and electric and plumbing fixtures.
Greenbriar Falls and Greenbriar at Villagio join Greenbriar Oceanaire in Waretown, Greenbriar Stonebridge in Monroe Township and Greenbriar Fox Ridge in Rockaway Township to form the current portfolio of Greenbriar communities.
For more information on Greenbriar Falls and Greenbriar at Villagio, visit www.greenbriarnj.com or call Internet New Home Consultant Iris Barrios at 609-349-8258. For more information on Lennar, visit www.Lennar.com.
According to a new National Consumer Credit Trends Report, 2015 has been a booming year for mortgage origination growth. The report, from credit reporting agency Equifax, shows mortgage originations for the first quarter of the year increasing nearly 75% from last year – with first mortgages accounting for a majority of the growth. This article from HousingWire highlights the details of the report.
The latest Equifax National Consumer Credit Trends Report shows that total mortgage origination balances hit $466 billion in the first quarter, a 74.4% increase from the same time a year ago.
First mortgages grew 79.9% versus the first quarter of 2014 to $430 billion. The number of first mortgages originated in the first three months of the year was 1.78 million, a 54.9% increase over the same time a year ago and 13.6% higher than in the fourth quarter of 2014.
Originations of home equity lines of credit rose 30% to $30.9 billion and new home equity installment loans climbed 13.6% to $5.0 billion.
“The drop in mortgage rates that began in the fourth quarter of last year kicked off a refinance boomlet that accelerated in the first quarter, as rates fell further, averaging just 3.7% for the first three months of this year,” said Amy Crews Cutts, chief economist at Equifax. “While rates have recently reversed that trend and are back up to about 4%, they remain extremely low historically. These rates, coupled with a housing market that is showing signs of vigor, should carry the mortgage business over the summer.”
The April 2015 results for the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, were released this week. The results showed that home prices continued their rise across the country over the last 12 months. This article from MarketWatch highlights some interesting data from the release regarding home prices in individual cities.
The S&P/Case-Shiller 20-city composite showed that U.S. home prices rose 1.1% in April, supported by the spring sales market. There were gains in all the cities tracked by the Case-Shiller 20-city composite index.
Seattle posted the fastest monthly growth, reaching 2.3%. The slowest was Boston, where monthly prices rose 0.3% in April.
Denver saw the fastest year-over-year growth, hitting 10.3%. Meanwhile, the slowest annual growth was in Washington, where prices rose 1.1%.
Among the nine cities with a pick up in annual price growth, Las Vegas’s appreciation hit 6.3% in April, compared with 5.7% in March.
Two recent indexes measuring the outlook of consumers in the U.S. showed improvement in perceptions of current economic conditions and expectations for the future. The “Eye On Housing” blog from the National Association of Home Builders highlights the findings behind consumers’ optimistic outlook.
Consumer sentiment and consumer confidence are two indexes showing consumers’ perceptions of current business, income and employment conditions, as well as their expectations for the future’s economy.
In June, both the University of Michigan Index of Consumer Sentiment and the Conference Board Consumer Confidence Index rose. These gains reflect continuing improvement in several sectors of the economy. Strong job gains and an unemployment rate well off its peak, accumulating momentum in recent housing starts and sales, as well as a rebound in retail sales after a slow first quarter combine to point to consumers gaining confidence in the economic recovery.
In contrast to the slow, steady recovery in consumer confidence, plans to buy a home snapped back sharply after declining during the recession. The percentage of respondents planning to buy a home within 6 months more than doubled in the second half of 2010 and remains at elevated levels four years later.
