Ocean View, DE apartments—specifically, the way new apartment complexes are built—could be in for some major changes if some tech company executives are right. The idea is to bring the manufacturing lessons learned from companies like Apple and Tesla into the real estate realm. If they succeed, erecting Ocean View, DE apartment buildings in the future could be considerably more efficient (and less expensive).

Henry Ford is credited with inventing the assembly line—the manufacturing technique where a product moves from one assembly station to the next, instead of having pieces brought to where the product is being built. Actually, medieval Venice was already building ships that way in the twelfth century. From the hull up, the ships were floated down a canal (“the Venetian Arsenal”), moving from shop to shop—producing as many as a ship a day. Ford’s ability to produce his Model T’s in less time than it took for the paint to dry set the 20th-century standard.

Ocean View, DE apartment construction might seem unsuited to the same approach, but last week The Wall Street Journal described a group that disagrees. Like electronics innovator Apple, San Francisco’s Juno Residential Inc. intends to break down apartment building construction into modules. Following Apple’s manufacturing philosophy, the manufacturing work will be assigned to outside suppliers. They will ship the modules—rooms, hallways, foyers, etc.—flattened like Ikea kits—to building sites where they will be assembled. The apartment buildings will share most of the same components, but will differ in size, facades, and lobbies, and “will look different” at different sites. The “flattened” concept came about because, as one founder puts it, “we decided very purposefully to not ship air around.” The thought of highways clogged with thousands of fully pre-assembled bedrooms, bathrooms, etc. validates that decision.

Making apartment construction quicker and less costly “in the same way car or smartphone manufacturers” do might ultimately prove to be a welcome development if the economies can be shared with future Ocean View, DE tenants. Nevertheless, the current status quo is unlikely to change soon.

Modular apartment buildings may not be on the immediate horizon, but 2020 has shown how swiftly-changing events can impact Jamestown’s real estate market. Call me anytime to discuss the current outlook and how it might affect your own real estate planning. Call/Text me Russell Stucki at (302) 228-7871, email me at This email address is being protected from spambots. You need JavaScript enabled to view it., visit more listings at www.beachrealestatemarket.com

 Yahoo’s “Money” tab is a source Ocean View, DE readers can visit for non-technical reportage on the latest U.S. economic developments. Last week it led with a surprisingly upbeat look at residential real estate: “Homebuyers rush back in droves despite coronavirus pandemic.”

There was ample evidence to support the description—a rush from homebuyers attested to by a 44.3% jump in pending home sales. The leap from April to May set an all-time record. And for those still unconvinced, there was further verification via the sustained volume increase in home purchase mortgage applications. According to the Mortgage Bankers Association, applications had been on the rise, year-over-year, throughout the previous four weeks.

Given the backdrop of uncertainty and anxiety caused by the pandemic, some observers were at a loss to explain such pronounced activity. Not so the chief economist at the National Association of Realtors®. The NAR’s Lawrence Yun emailed Yahoo a statement explaining the surge—the same phenomenon that has buttressed Ocean View, DE home sales a while: “Homebuyers are rushing into the market to take advantage of the low-interest rates.” A shot of consumer optimism was added with the “steadily reopening” of major sectors of the economy.

The “droves” of buyers were being hampered by one factor, though. Many found themselves confronted by the “the same headwind” that had existed before the pandemic: the scarcity of homes for sale. The pandemic hadn’t helped. Realtor.com’s latest survey showed total listings down by 29% year over year—a dip compared with 2019’s already scarce inventories.

For Ocean View, DE homeowners considering listing their own properties, last week’s Yahoo and other national reports were clearly encouraging. Reported just ahead of the weekend, Thursday’s surprisingly bullish economic news was similarly supportive. For a precise picture of this summer’s Ocean View, DE market activity for homes like yours, get in touch today! Call/Text me Russell Stucki at (302) 228-7871, email me at This email address is being protected from spambots. You need JavaScript enabled to view it., visit more listings at www.beachrealestatemarket.com

For Ocean View, DE mortgage interest rate chroniclers, this month began with the culmination of a trend that’s been playing out for quite some time. It’s “the other shoe” that finally dropped. The headlines confirmed the numbers that government-owned mortgage backer Freddie Mac posted:

Mortgage Rates Dip to New Record Low.”

The 3.23% national average on the 30-year fixed-rate hit was, literally, an all-time low. It represented a drop of a tenth of a percent below the previous week’s mark (and nearly a full percentage point below what had been posted a year earlier).

In other words, the come-hither phrase advertisers have been long spouting—"home loans near historic lows”—was suddenly passé: rates were now surpassing historic lows! There were, however, some caveats.

In order to take advantage of Ocean View, DE mortgage rates at such eye-popping levels, sophisticated local home loan and refi customers understood that a spotless credit history would be required. As Mortgage News Daily put it, “the cost of imperfection remains high in the mortgage world.” MND Chief Operating Officer Matthew Graham further quibbled that Freddie Mac’s calculation didn’t fully account for “all the volatility,” nor did it recognize one rate posted in early March (since, for some reason, Freddie ignores rates posted on Thursdays and Fridays).

But still, the main point was unarguable: Ocean View, DE mortgage rates were unmatched bargains. Graham noted one mortgage consultant’s advice, “Lock at the first opportunity!

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On another front, a different home loan issue is worth noting. For existing mortgage holders wishing to take advantage of the “forbearance of payments” component written into the government’s CARES Act, there could be an under-publicized side effect. Although the law mandates that forestalled payments cannot be reported as “late” on credit reports, that doesn’t mean they won’t be recorded at all. So, although forbearance might not directly impact a borrower’s FICO score, it could lower the limits other lenders offer. Since that would raise the borrower’s ‘debt-to-available credit’ ratio, that would impact their FICO score—a clarification that should be publicized.

I’m always standing by to discuss any and all questions touching on Ocean View, DE real estate matters. Do call! Call/Text me Russell Stucki at (302) 228-7871, email me at This email address is being protected from spambots. You need JavaScript enabled to view it., visit more listings at www.beachrealestatemarket.com

 Despite all hurdles, Ocean View, DE residential real estate continues actively—now with the sense that an uptick is in the wind. Even for area homeowners who have been waiting for a return to pre-pandemic life before listing their Ocean View, DE homes, the positive signs have to be encouraging. Ocean View, DE official pronouncements make it clear that the need to get more businesses back up and running is gaining urgency—no doubt with utmost caution. 

Meanwhile, another weekend came and went without the community gatherings that would have been going gangbusters in any other late April Saturday and Sunday. The absence of public divertissements still felt strange. With Ocean View, DE movie house and music performances off the agenda, you’d hope that at least TV would offer fresh entertainment. Had the Tokyo Olympics not been postponed, all the final competitions to select this summer’s U.S. teams should have been beaming our way night and day.

Instead, Ocean View, DE viewers were subjected to dusty reruns of competitions long past. A truer “vast wasteland” has never been broadcast. By Sunday night, there was even the strange necessity of American Idol’s “live” competition having been taped in contestants’ homes. It may have been an admirable adaptation to adversity by the producers—but even so, couldn’t help reminding viewers how much the presence of cheering audiences adds to any concert.

Yet there WERE other rays of hope, even for weary Ocean View, DE housebound couch potatoes. The Olympics may be off the schedule, but for “purposes of national morale,” a few major sports were plotting their return. Golf scheduled a resumption of the PGA tour on June 11—the kickoff for a full summer lineup—the first of which will be televised sans onlookers. Pro tennis players will compete in a series of singles matches from Monte Carlo (many stars have tax haven homes there). And NASCAR is negotiating a summer series of one-day events that will forego qualifying heats, pit stops, and fans.

June’s resumption of live sporting events should be a signal of things to come—stirrings of a return to American cultural normality. Meanwhile, American real estate activity is considerably more active—at least here in Ocean View, DE. Call me for a “live” update! Call/Text me Russell Stucki at (302) 228-7871, email me at This email address is being protected from spambots. You need JavaScript enabled to view it., visit more listings at www.beachrealestatemarket.com