Well designed green town house in Mississippi area

I toured this green townhouse in the Mississippi area on tuesday.  This was a very well desined townhouse.  I loved the finishes in the bathrooms in the upper levels.  The kitchen had a modern feel to it, with off white tile counters and glass tile splashes.  This is built by a long term green builder, that I respect.  They are asking $489,000 for 3 bedrooms and 3.5 baths.   

This is blogged about with permission from the listing agent. thanks Mark

attached green rowhouses Mississippi area

Energy Efficient Mortgages available in theory

I just got back from a meeting with Dave Porter, who is working on getting energy efficient mortgages in place.  The EEM has been around for decades, but hardly anyone has been able to use them in part because of FannieMae.  There is work being done to get another loan type that will allow people to get a loan that recognises the fact that the home that they are buying is more energy efficient…  It is about time!  It is going to be more conservative than the theoretical EEM, but if it is available to use in actuality that is better than having a loan type that exists in theory only.

The cogs in the real estate business are starting to come together.  Now we just need all the MLS’s to be greened and to educate Realtors, lenders and appraisers.  Then we are good to go!

www.porterworks.com

green versus code homes on the market. Who wins?

I was asked by a real estate instructor to look at the green market in portland for a class he was going to teach.  So I thought I would share some of what I found.  First the market under $400 seems to be very healthy for green homes of all types.  It’s when you get into the upper ends of thing that the market looks a bit inconsistant….  for lack of a better expression. 

Condos above the 400K mark get a whooping 85 dollars more per square foot.  That is a Wow.

There are no green builds that sold for over 680…  Those homes by the way, get on average $256 a sq. ft. and take any where from 60-774 days to sell. OUCH!   Not my cup of tea!   Maybe some builders will stop building Mcmansions and build to the demand!  That incidentially is any housing type green and under 400K. 

This information here is very general and intended to look at trends not specifics.  So If you want specifics, I can get that for you.

This listing was the greenest home on tour in north Portland

Greener condo in north portland