Author: Katherine Grote

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A Total “Newbie’s” Dive into 3D‑Printed Concrete Homes in Rogers, Arkansas

Okay, full disclosure: I know about as much about concrete homes and 3D printing as I do about quantum physics—translation: nada. But Groundwork Northwest Arkansas and Marlon Blackwell Architects are teaming up in Rogers, Arkansas, to drop two of the state’s first-ever 3D‑printed duplexes (read: fancy duplexes built with a giant concrete printer) aimed at tackling that pesky housing crisis with affordability and eco-friendliness.

Now, to be clear, Rogers isn’t exactly breaking brand-new ground here. The whole 3D printed house thing has existed in other places, but it really made some waves down in Austin, Texas, because of course it did. Austin loves to be first at weird stuff. Down there, these concrete homes were met with a healthy mix of “Wow, that’s cool!” and “Wait, is this thing going to collapse when it rains?” Spoiler: it didn’t. People actually liked them — they’re affordable, efficient, and surprisingly good-looking for something squeezed out of a giant robot like icing on a cake. Austin’s experience helped prove that these homes aren’t just a science experiment, but a legit option for solving some very real housing problems — which is why we’re now seeing the idea pop up here in Rogers.

1. What Even Is a 3D‑Printed Concrete Home?

Picture a huge robotic printer that squirts out layers of concrete—kind of like piping frosting on a cake—except instead of cupcakes, you’re building walls. No traditional builders framing studs or laying bricks. Just robotic precision, layer by layer. Some things remain the same. Blueprints, foundation, electrical, and plumbing stuff are all necessary and still done the old-fashioned way. Once the concrete shell of the house is completed, doors, windows, and everything else get finished out as well. 

2. Why Should I Care? (I Seriously Don’t Know Concrete Stuff)

Great question and an important one. We have an affordable housing crisis in the US, and it’s not easing up. Enter affordable housing heroes, Groundwork NWA. Their mission is to bring middle-income housing to Northwest Arkansas and, hopefully, inspire other communities to do the same. By utilizing tech-savvy construction, they can drive costs down and speed things up—pretty smart when half of the projected 80k homes needed by 2040 are for workforce earners 

3. The Environmental Bonus Track

Concrete doesn’t exactly have the best reputation when it comes to CO₂ emissions. But 3D-printed concrete homes are a big step in the right direction. For starters, the process is way more efficient. It’s additive manufacturing, which is just a fancy way of saying it only uses what it needs, so there’s almost no leftover waste. The printer controls exactly how much material goes where, cutting down on excess. Plus, these concrete walls aren’t just sturdy,  they’re excellent insulators, which means lower energy bills, less strain on your heating and cooling systems, and fewer repairs down the road. Basically: more house, less waste, and long-term savings.

4. Why Groundwork + Marlon Blackwell = Dream Team

Groundwork Northwest Arkansas isn’t your average developer—they’re a nonprofit tackling housing head-on. Their collaboration with Marlon Blackwell Architects (architecture legends in these parts) supercharges the effort. As Marlon Blackwell’s architect put it, this partnership “became far more interactive and collaborative,” combining forces to forge new local labor opportunities and push innovation boundaries 

Future-looking design meets community roots: Marlon Blackwell’s team is all about pairing regional character (think curves inspired by silos) with cutting-edge technology, ensuring these homes feel rooted—not robotic.

Bottom Line (From My Freshman-Brain Perspective):

These 3D-printed homes aren’t just some flashy tech experiment. They’re Arkansas’s first serious dive into using innovative building methods to solve real problems. At the core, it’s about affordability, giving hardworking families access to quality housing without the sky-high price tag. Environmentally, they’re a win too with each layer of precisely placed concrete means less waste and a smaller carbon footprint. But what really makes this exciting is that it’s tech with a purpose: fast, efficient construction that actually helps people, not just headlines. And thanks to input from local voices, these homes don’t feel cold or cookie-cutter. They’ll reflect the character of the community while bringing a little futuristic flair to the neighborhood.

Signing Off… and Admitting My Zero Concrete Wisdom:
 I might not know how to mix cement or calibrate a giant robotic printer arm, but from where I’m standing — with absolutely zero concrete expertise — this is pretty exciting. 3D-printed concrete duplexes in Northwest Arkansas? They’re affordable, environmentally friendly, and honestly, kind of cool to look at. If this experiment works, we might all be house shopping from robot-built neighborhoods one day. And that’s definitely worth writing about…

Even if I still have to Google half the terms while I do it.

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New Builds: What to Look for Before Closing on Your Shiny New Money Pit

Ah, the new construction home — so fresh, so clean, so… full of surprises.

You walk in and smell that intoxicating blend of drywall dust and overly ambitious dreams. Everything looks perfect — until you realize that the light switch in the bathroom controls the garage door, and the only thing included in the “landscaping package” was a single dying bush and a bag of mulch from Home Depot.

Before you sign your life (and a solid chunk of your savings) over to the builder, here’s what you really need to check:

1. Open Every Door — Including the Ones to Narnia

Cabinets, closets, pantries, and especially attic access doors. Because sometimes “custom touch” means “we forgot a handle.”

2. Test Every Light Switch Like You’re on a Game Show

Will it turn on a light? The garbage disposal? A fan on the neighbor’s porch? Only one way to find out — flip it and see if something starts humming or spinning.

3. Appliances: Included or Just Pictured for Vibes?

Builders love to showcase stainless steel appliances… that aren’t actually included. That fridge in the model home? It’s like the fake fruit on the kitchen counter — for looks only. Always read the fine print or you’ll be storing groceries in a Yeti cooler.

4. Cabinet Doors That Open Without a Jenga Strategy

Just because it looks like a drawer doesn’t mean it opens. Bonus points if you can open the dishwasher without hitting a cabinet, the oven, or your own knees.

5. Garage Door Opener: Optional Luxury

You’d think a garage would come with a way to open it. But no, sometimes that’s a $500 “upgrade.” Because nothing says luxury like lifting your garage door manually in July.

6. Paint and Trim: Or, How Many Shades of White Are Too Many?

That “custom paint job” might just be primer. Run your hand along the wall. If it feels like sandpaper and leaves a white powder on your pants, congratulations! You’re the proud owner of a one-coat wonder.

7. Backyard: Is it a Yard or a Dirt Stage?

Does it come with sod, or just the vague promise of “nature”? Ask, or your backyard might be a future mud wrestling pit every time it rains.

8. Check for the Elusive Pantry Light

Why is it always the pantry? You’ll have every recessed light known to man, but not one for where you keep the snacks. Rude.

9. Ceiling Fans: You May Be the Fan

They’re not always included. Want air circulation? Hope you’re good with fanning yourself with a Costco flyer.

10. Ask About the Warranty Like You’re Negotiating a Used Car

Make sure you know what’s covered — and for how long — because when that builder-grade faucet starts leaking like your toddler’s sippy cup, you’ll want answers.

Final Thoughts:
New builds can be amazing — modern layouts, energy efficiency, and a very short punch list if you do your homework. But don’t let the fresh paint and trendy finishes distract you from the basics.

Bring a checklist. Bring a sense of humor. And maybe bring an outlet tester — because sometimes the outlets are just… decorative.

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I Flip (and Build) Houses for a Living, But Apparently Can’t Be Trusted with One of My Own

Can I just vent for a second? I’ve had three cups of coffee and can hear colors arguing over whose hue is superior. I’ve got to get this rant out before I have a caffeine-induced stroke.

Our family has been self-employed since 1999. We’ve specialized in real estate investing since 2006. That’s a long time. It’s been fabulous and freeing and all the things one can imagine…until the Hubs and I go to buy a house for, God forbid, ourselves!!

My husband can analyze cash flows, estimate ARVs, and negotiate offers like he’s in an HGTV showdown. We can build houses from the ground up, navigate the pitfalls of city permitting, and even help others build wealth through real estate—but mention that we want to buy a home for our own family, and suddenly, we become a financial wild card.

“Self-employed, you say?” the mortgage underwriter raises an eyebrow. “We’re going to need two years of tax returns, bank statements, letters of explanation, a signed affidavit from your third-grade math teacher, and maybe your blood type. Just to be safe.”

Meanwhile, our W-2 friends are getting preapproved faster than I can say “debt-to-income ratio,” all because they have a magical thing called a pay stub. Apparently, that tiny slip of paper holds more power than our 60-personal financial statement showing eight flips, five rentals, three new builds, and the fact that we haven’t missed a payment since Blockbuster was still a thing.

But wait! There’s more! The dreaded “write-off dilemma.” As any savvy investor knows, the key to not giving Uncle Sam half your soul is writing off everything legally possible. That cup of coffee during a contractor meeting? Write-off. The paint samples from Lowe’s? Write-off. The conference you attended in Vegas? Okay… maybe half of that.

But here’s the catch—those write-offs shrink your taxable income, and guess what the bank uses to qualify you for a mortgage? That’s right. Your taxable income. According to our tax returns, we make about $37.52 a year.

And then there are those glorious years when your tax return shows a juicy profit—enough to make your mortgage lender do a little happy dance in their ergonomic desk chair. But just as they’re about to approve you, they flip to last year’s return… and there it is: that big, beautiful loss. Suddenly, the mood shifts. You go from “promising borrower” to “riskier than a fixer-upper with a foundation issue.” Because if there’s one thing real estate is known for, it’s feast or famine—and mortgage lenders want to see two solid years of you feasting, not surviving on ramen and sheer willpower.

So now we’re sitting across from a loan officer, explaining that, yes, while we technically some years look like we “made nothing,” we actually always do make something. A lot of somethings. And I swear we can pay the mortgage. But unless I can time-travel and amend two years of tax returns, we’re out of luck.

You know what the real kicker is? After all the scrutiny, the lender graciously steers us toward their in-house loan—complete with a higher interest rate. Because nothing says “we trust your financial savvy” like penalizing you for excellent credit and nearly two decades of surviving the wild rollercoaster that is the real estate market. Meanwhile, someone flipping burgers at McDonald’s (no shade!) might qualify for a conventional loan with a lower rate, despite earning less and possibly quitting next Tuesday. But us? The seasoned investors? Try getting a personal mortgage and suddenly we’re treated like a financial liability armed with a Pinterest board and a dream.

In conclusion: real estate investing is glamorous—until you try to buy a house for yourself. Then you realize the system was built for people with jobs that come with watercoolers, not tool belts and spreadsheets.

But that’s okay. Because we self-employed real estate folks are used to creative solutions. If we can turn a condemned properties into a cash-flowing beauties, surely we can find a lender who understands the hustle.

Or at least one who doesn’t flinch when we say, “we’re self-employed.”

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Confessions of a Real Estate Pro: Drop the Interest Rate, I’m Begging You

As a real estate professional, I’ve seen some things that would drive a weaker woman to whiskey. I’ve seen buyers cry in kitchens (and not just because of the backsplash). I’ve seen sellers list their homes for the price of a small country. I’ve written contracts at midnight, talked nervous first-timers off the ledge, and yes, I’ve survived the great toilet paper staging shortage of 2020. 

But lately? The greatest challenge isn’t picky buyers or appraisers whose sole mission in life is to kill agents’ deals. No, friends—it’s the interest rate. That little percentage is out here acting like it pays rent and has an opinion.

Real Talk: This Interest Rate Is Killing the Vibe

Let me paint you a picture. A couple falls in love with a home. Perfect location. Dream kitchen. Room for a dog and maybe even a baby. I run the numbers, and BAM—they realize their monthly payment is now the same as a luxury car lease… for two luxury cars. 

And one of them is on fire.

Cue the heartbreak. Cue the “maybe next year.” Cue me whispering sweet nothings to my lead tracker like, “It’s okay…they’ll be back…someday.”

Let me give you some more straight talk. This interest rate is also tanking the housing market. Maybe you think you already know why, but do you? Really?

Here’s Why We Need the Rate to Chill Out

1. Buyers Are Holding Back Like It’s a Junior High School Dance

Remember school dances? Everyone standing around awkwardly waiting for someone else to make a move? That’s the housing market right now. Buyers are hesitant, sellers are salty, and I’m just here holding my clipboard like a chaperone, wondering when the DJ will play something from the 80s.

A lower interest rate would be the Michael Jackson song that gets everybody on the dance floor.

2. Sellers Need Hope Too (and a Little Motivation)

Right now, many sellers are locked into 2-3% rates on their current homes and looking at the 7% market like, “Eh… we’re good.” I can’t blame them. But if rates dropped, we’d see more listings, more movement, and fewer homeowners treating their current mortgage like it’s a family heirloom.

Why is this important? I’m so glad you asked. 

  • Lower rates mean lower mortgage payments bringing buyers back into the market.
  • More buyers mean more demand and more movement in this stagnant housing market.
  • Sellers would start to sell again, bringing more inventory back into the market and balancing supply and demand.
  • Overall this creates a healthier market cycle.

Moving on….

3. I Would Like to Sell a House Without Explaining What a 2-1 Buydown Is

Every conversation starts the same way: “Well, the rate’s high, but have you heard of a 2-1 buydown?” By the end of the explanation, I feel like I’ve taught a semester of Econ 101 with none of the tenure. I’m not saying I mind educating people—but could we go back to a time when getting a mortgage didn’t require a spreadsheet, a prayer, and a nervous breakdown?

4. I Miss the Excitement

Remember 2020-2021, when rates were low and buyers were practically sprinting toward open houses like it was Black Friday at Best Buy? Was it chaotic? Yes! But it felt like one never-ending real estate party. Now it’s like the party ended, and someone turned on the fluorescent lights. We need a little spark again. I’m not saying we go back to 20-21.  For a variety of reasons. Neither Covid nor that housing market was exactly healthy. Pretty sure we all needed therapy after that season. But what about in the form of a 4.5% interest rate and a fresh batch of motivated buyers?

In Conclusion: Do It for the Deals, Jerome

So, if anyone from the Fed is reading this: I get it, inflation is a thing, the economy is complicated, and you’ve got a lot on your plate. Dear Lord, somebody give Trump a Benadryl. 

But please… think of the real estate professionals. Think of the buyers. Think of the lonely For Sale signs swaying in the wind like forgotten dreams.

Lower the rate. Reignite the market. And let me go back to writing offers that don’t require a personal essay, three co-signers, and a letter from the Pope.

With love (and a stack of business cards I can’t get rid of), Your Friendly Neighborhood Real Estate Pro

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Tariffs, Taxes, and Why Real Estate Still Wins—Oh My!

Truth bomb: Real Estate Investing Still Makes Sense—Even in an Uncertain Economy

Let’s be honest: The economy feels a little shaky right now. Inflation, interest rate hikes, stock market swings, conversation about tariffs that frankly no one understands—it’s no wonder many investors are second-guessing their moves. But despite the noise, one investment strategy continues to prove its worth: real estate.

Here’s why real estate remains a smart, stable option—even when the economy feels anything but.

1. People Always Need Housing (Because Cardboard Boxes Aren’t Zoned Residential)

No matter what’s happening in the economy—boom, bust, or somewhere in between—one thing remains true: People need a place to live. You can skip the avocado toast, cancel your streaming subscriptions, and delay upgrading your phone… but “just not living anywhere” isn’t really an option.

Sure, some folks dream of going off-grid in a van, but most still prefer a roof that doesn’t leak and walls that don’t flap in the wind. That’s why real estate has staying power—it meets a basic human need. Shelter isn’t trendy. It’s timeless.

So while markets may wobble and stocks may spiral, housing demand? That’s not going anywhere. Unless humans suddenly stop needing to live indoors—which feels unlikely.

2. Cash Flow Can Be a Lifesaver (Especially When Your Other Investments Are on Life Support)

You know that warm, fuzzy feeling when rent hits your account right on time? That’s cash flow—and in a shaky economy, it’s basically the financial version of comfort food. Reliable, satisfying, and way less salty than your stock portfolio.

While your crypto wallet is having an existential crisis and your retirement account is taking a nap, that monthly rental income shows up like, “Hey bestie, I got you.”

It’s not just about making money—it’s about keeping your sanity while the rest of your assets do their best rollercoaster impressions. When the markets are wild, cash flow is your emotional support income.

3. Inflation Actually Works for You (For Once, Something in This Economy Does)

Usually, inflation feels like that annoying friend who eats your fries, borrows your hoodie, and never pays you back. But when you own real estate? Suddenly, inflation becomes that unexpected sidekick who actually helps out.

Here’s the deal: as prices go up, so do rents and property values. So, while everyone else is panicking over the cost of eggs and wondering if they should start a backyard chicken farm, you’re just over here watching your rental income rise with the tide.

It’s like inflation finally decided to stop being the villain and join your team. And honestly? We’ll take the win.

4. Real Estate Is a Tangible Asset (You Can’t Live in a Stock Certificate)

Let’s be real—owning stocks is great until the market crashes and all you’re left with is a pie chart and an existential crisis. But real estate? It’s there. You can touch it, walk through it, paint the walls neon green if you really want to (though maybe… don’t).

You can’t crash on the couch of your mutual fund. You can’t Airbnb your NFT. But you can buy a property and turn it into income, equity, or your own personal HGTV project.

It’s an investment you can actually stand in—preferably on solid hardwood floors.

5. Opportunities Are Everywhere Right Now (If You’re Not Afraid to Poke Around a Little)

Sure, interest rates are higher and the news makes it sound like the financial apocalypse is upon us—but guess what? That’s exactly when some of the best deals sneak onto the market, quietly whispering, “Hey… you up?”

When everyone else is running for the hills (or just binge-watching Zillow listings without actually buying), savvy investors are out there scooping up underpriced gems, negotiating like champs, and getting the pick of the litter. It’s like Black Friday for real estate—except with fewer stampedes and more closing costs.

The market isn’t dead—it’s just quieter. And in that calm? Opportunities are doing cartwheels, waiting for someone to notice.

6. Tax Benefits Help Maximize Returns (A Rare Chance to High-Five the IRS)

Real estate is one of the few places where the tax code actually feels like it’s rooting for you. Depreciation, mortgage interest deductions, 1031 exchanges—it’s like a secret menu of financial perks.

And let’s be honest: finding out you owe less in taxes because you own property is the adult equivalent of finding money in last winter’s coat pocket… times ten.

It’s one of the only times you might feel tempted to whisper, “Thanks, Uncle Sam,” and actually mean it. (But don’t get too excited—he’s still charging you for that latte and a half you bought last year.)

7. You’re in Control (Finally—Something in Your Life You Can Actually Manage)

Let’s face it: you can’t control the stock market, gas prices, or how your neighbor insists on mowing his lawn at 6 a.m. on Saturdays. But real estate? That’s where you get to play boss.

You decide which property to buy, what rent to charge, whether to renovate the kitchen or just slap on a fresh coat of paint and call it “vintage charm.” Want to Airbnb it? Long-term tenant? Paint a mural of a cat playing a saxophone on the side? Hey, it’s your kingdom.

In a world full of uncertainty, investing in real estate is like saying, “You know what? I will be the main character today.” And your property? That’s your stage.

Final Thoughts:

Let’s be real—real estate isn’t always glamorous. There will be leaky faucets, weird smells, and the occasional tenant who thinks “rent due on the 1st” is just a loose suggestion. But despite the quirks, real estate remains one of the few investments where you can build wealth while literally sitting on your assets.

In a world where the economy feels like it’s being run by a magic 8-ball, real estate gives you something solid. Something that pays you back. Something you can point to and say, “That’s mine, and it’s making me money—even while I sleep (or doomscroll Zillow).”

So, while others panic about interest rates and refresh their stock apps like it’s a game of financial roulette, you? You’re playing the long game—with cash flow, appreciation, and some sweet tax perks in your corner.

Because at the end of the day, bricks and mortar beat bricks of gold… especially when someone else is paying the mortgage.

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Five Reasons I Would Hate to Be a Custom Home Builder (And You Would Too)

Let me start by saying this: custom home builders are saints. They deserve medals, parades, and a lifetime supply of coffee or whiskey or whatever they want. Why? Because their job is like trying to build a house of cards… in a hurricane… while a group of opinionated people stand behind them yelling, “Can it be blue instead?”

And just maybe it’s because our family investment company is in the throes of new construction and permitting, and building, and listing said construction, and all the things that’s making me feel so passionate about NOT wanting to be a custom builder.

First things first. We are spec home builders. That means we come up with the designs, build the house, list it AFTER completion and sell it.  This, in and of itself, is hard work.

HOWEVER! Compare it with:

A custom home saint builder builds a house according to the owner’s design or even a design the builder provides with various options and finishes. The homeowner and builder work closely together to complete the project. 

When I say “closely,” think Glenn Close close in Fatal Attraction. 

So yeah, let me give you five reasons why I would rather wrestle an angry alligator while blindfolded than take on that job.

1. Your Boss is Johanna/Chip Gains (or thinks so, at least)

When you’re a custom home builder, you’re not just working for clients—you’re working for Alan, the amateur architect who used the free version of Home Dezign.com this weekend and thinks they’re now ready to pull permits. Along with Alan, you’ll also be working for Pam, the Pinterest consultant who has boards full of ideas, none of which will fit in their budget but is convinced it can be done. 

Buckle up for a never-ending parade of questionable ideas from people who just binge-watched three episodes of HGTV.

1.5 Your Boss is NOT Your Friend

It all starts well and good. They’ve seen your work, your designs. They’ve stroked your ego and said over and over again how “easy” they will be to work with. <Red flags start waving; you hear sirens blaring from somewhere>

Don’t be surprised when, halfway through the project, you’ve been labeled as public enemy number 1, and your professionalism, your integrity, and whether or not you might be color blind are all up for discussion and debate. 

2. Deadlines Are DOA

In custom home building, the timeline is like Bigfoot—everyone talks about it, but no one’s actually seen it. Clients want everything done yesterday, but then they suddenly need “a week to decide”  on the hardwood floors they picked out a month ago. Or the paint color that looks too warm now. Or is it too cold?

The deadline is gone. It’s crying in the corner with your sanity. Actually not sure you really had either of those things. 

3. Weather Schmeather

Rain? Snow? Tornado? It doesn’t matter—Mother Nature doesn’t care about your construction schedule.

Imagine this: You’re trying to pour concrete for a foundation. Suddenly, it rains so hard you wonder if you should add an ark to the design. But hey, the client just texted to ask if they can “move the master bedroom to the other side of the house.” Because, of course, that’s the real emergency.

4. You’ll Become a Counselor

Being a custom home builder isn’t just about homes; it’s about people. And people are… complicated.

You’ll mediate arguments between spouses about backsplash colors. You’ll calm clients when their dream countertop is back-ordered. You’ll explain (again) why they can’t install a fire pit inside their walk-in closet.

By the end of the project, you’re not just a builder—you’re their life coach, marriage counselor, and part-time babysitter.

5. Budget Woes

Clients start with a budget. Then they see shiny things. Suddenly, that budget is about as relevant as a flip phone.

Client: “We want to add a sauna, a marble fountain, and heated floors in every room. Is that possible for, like, $1,000 extra?” Builder: “Sure, if by $1,000 extra, you mean $50,000 extra.” (They always mean $1,000 extra.)

I get it. Building a home, especially your personal home, is a huge undertaking. Not just financially but emotionally and physically. It’s stressful, to put it mildly.  I know because we’re currently building our own personal home.

And I’d make any builder who had to work with me question their sanity. Luckily it’s just the Hubs and he’s stuck with me.

So, call me a coward, but we’ll just be sticking to spec home builds. 

To all the custom home builders out there, I salute you. May your coffee stay hot, your clients stay reasonable, and your deadlines… well, good luck with that one.

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“Home Sweet Affordable Home”: Tackling the Housing Challenge in Northwest Arkansas

Affordable housing is the cry of just about any major metropolis or fast-growing area in the United States. We left Austin almost two years ago, largely because the cost of real estate, remodeling, and building had become unsustainable, at least for us.  Affordable housing was simply a buzzword that the city liked to throw around council meetings to make themselves feel good while continuing their high regulations process, which caused the price of real estate to continue to rise. Oh, the irony.

Speaking of irony, after leaving Austin, we ended up in the most expensive area of Arkansas…NWA. 

While we love it here, we realized Bentonville and the surrounding areas have their own housing issues. Affordable housing and the ability, as a builder, to offer it is a huge issue. Because I’m up to my eyeballs in construction and maybe because I’ve had four cups of coffee this morning, I’ve got many ideas, but for the sake of time, let’s start with three. 

First, addressing the affordable housing shortage in Bentonville and the surrounding area isn’t a simple, one-and-done solution. It will require a multifaceted approach involving policy reforms, public-private partnerships, and community engagement. 

Buckle up, city folks because the first thing that needs to happen is: 

1. Implementing Policy and Zoning Reforms

Expedited Approval Processes. Ya’ll are killing us with your ever-evolving approval and permitting processes (I’m looking at you, Bella Vista). By streamlining the development approval process you can help us builders reduce construction timelines and costs, which can then be passed on to the public.

I’m not the only one saying this. In November of 2021, the city of Bentonville created a Housing Affordability Workgroup specifically to review housing needs, availability, and affordability in Bentonville. While city review groups normally give me a tic under my left eye, this one has some good ideas, specifically by recommending creating expedited processes for small-scale developments and affordable housing projects that meet specific criteria. 

Like I said, settle down wielding your permitting power, city people. 

2. Fostering Public-Private Partnerships

Collaborative Developments: An affordable housing community was created in collaboration with Excellerate Housing, Bentonville Schools, Benton County, Mercy, Walton Family Foundation, and Arvest Bank. McAuley Place exemplifies successful collaborations aimed at increasing affordable housing. This 160-unit development, located near the Bentonville Community Center, includes single-family cottages and multifamily units designated for local educators and staff. 

We need more of these.

Financial Incentives: Offering tax incentives, grants, or subsidies to developers who include affordable units in their projects can stimulate the construction of such housing. The federal Low-Income Housing Tax Credit (LIHTC) program, utilized in developments like McAuley Place, is a model for leveraging financial tools to support affordable housing. 

And finally, for today, 

3. Engaging the Community and Stakeholders

Housing Affordability Workgroup: Established by the Bentonville City Council, this group conducts reviews of housing needs, availability, and affordability and provides recommendations to the city. Their efforts have led to the development of Project ARROW, a targeted approach to increasing affordable housing supply through education and collaboration.

Educational Campaigns: Raising awareness about the benefits of affordable housing and involving residents in planning processes can build community support and reduce opposition to new developments.

By furthering the above ideas, we can improve the affordable housing situation in NWA or at least begin to move it forward. 

While I don’t have a crystal ball, all signs point to the fact that interest rates will drop sometime this year, and the housing market will heat up. 

Let’s prepare and be ready.

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“Coffee, Whiskey, and the Truth About Real Estate: Why NWA’s Market Is Heating Up in 2025”

I need another cup of coffee before I dive into this.

 Or a glass of whiskey. 

I see posts like this all the time. While they’re most likely meant to grab reactions, they’re a demonstration of ignorance at best. 

I know every real estate market is different. I’ve got my finger on the pulse of both the Austin market and here in Northwest Arkansas. I get it. However, the fact of the matter is that a president, whether Democrat or Republican, will not be able to come in and single-handedly “crash” the real estate market. Wherever you’re at.

Since NWA is my home, I’m going to give you four solid reasons I believe we will see housing prices continue to rise here and why this spring will indeed be a hot market. No matter who you voted for.

But first, let’s talk about how stuff works. 

Yes, I know that a political administration’s policies will affect the market. But I also know how our economy works, as well as the Federal Reserve and their decision on what to do with interest rates, which is what really dictates what happens in all things real estate. 

A quick lesson in how the Fed determines what to do with the interest rate. 

The Federal Reserve does not make arbitrary decisions based on the last election cycle. Decisions regarding whether to lower the interest rate are based on multiple fronts.

  • Inflation: Target inflation rate is 2%. If inflation remains below this rate, this is an indicator rates could drop. Today’s current rate is 2.7%, which is a huge improvement from June of 2022 where it was as high as 9.1%.
  • Employment and labor markets: Higher unemployment rates, slow job creation, and stagnant wages could trigger a rate cut.
  • Economic growth: Slower GDP growth and a drop in consumer spending could signal a cut.
  • Stock market trends: Sharp declines can influence the Fed’s decisions on rate cuts.
  • Global market trends: Global slowdowns can also predict what direction the Feds could take in regard to rate cuts.

…just to name a few. Even natural disasters can affect the decision to raise or lower the interest rates. 

And yes, I know certain policies will affect the market. But please. Stop the fatalism. The sky is not falling, no matter who the president is. 

Now, grab yourself a hot cup of coffee, and let’s go to my four reasons why I believe we’ll see a boon in the NWA market. 

  1. Continued Economic Expansion. Everyone knows Bentonville is the home of Walmart. But did you know J.B. Hunt, Tyson Foods, and Simmons Food all call this area home and continue to attract a skilled workforce? Additionally,  Walmart’s new  1 billion dollar “Home Office” campus, set to open in 2025, is expected to continue to boost local employment and housing demand.
  2. Population Growth: Let’s talk people. Bentonville’s population rose by 2.7% in 2023, and it’s not slowing down. This indicates a sustained demand for housing.
  3.  Limited Housing Inventory: While there’s lots of new construction happening here, housing inventory is still low. This means increased competition for buyers and higher prices. According to the Skyline Report, in the first half of 2024, 4,799 homes were sold in Benton County and nearby areas, marking an 8.5% increase from the previous year, with 39.5% being new constructions.
  4. Stable Mortgage Rates: Finally, future projections indicate that mortgage rates may decline slightly this year, encouraging even more buyers to enter the market and increase housing demand.

Do I have a crystal ball? No. Sure wish I did sometimes, but I don’t need one to determine whether or not the market is going to crash this year. All facts point to a growing real estate economy in 2025.

Similar to my waistline from the holidays. But I digress.

So, to my real estate colleagues, stop worrying, get out there, and sell some houses.

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NAR Changes: Are They Good or Sucky?

It’s been six days since the new NAR ruling took place, and you’d think the sky had fallen on brokerages everywhere. To a certain extent, it feels that way. Especially in light of all the misleading media and sudden real estate gurus. First, to recap. Here’s the new rules in a nutshell:

1. Buyers are now required to sign a contract with an agent before the agent can show them any properties. This is not exactly a brand new requirement, as most states (and any agent worth his salt) have already adhered to this. However, it is now mandated for all agents who are members of the National Association of Realtors (NAR)—a group that includes a substantial 1.5 million agents across the U.S.

2. Commission changes – Prior to the settlement, NAR members who listed properties would offer shared commissions through local multiple listing services (MLSs)—the platforms where most homes are listed. Typically, sellers paid around 6% of the home’s sale price, with 3% going to their own agent and 3% to the buyer’s agent.

Now, MLSs are no longer allowed to display these offers of compensation. While sellers and their agents can still negotiate and agree to pay a buyer’s agent fee, this must be done separately from the MLS. As a result, there may be situations where sellers won’t contribute to the buyer’s agent fee, placing the full responsibility on the buyer. Buyers will then need to either cover their agent’s fee out of pocket or handle the transaction independently without an agent.

First, the gloom and doom, I-need-a-drink, the sky is falling, sucky stuff: 

~ Many first-time homebuyers will not have extra cash to pay a buyer’s agent. They will either end up unrepresented or try to jump through hoops with their lenders to see if they can increase the sales price and then have the concessions/money to pay their agent at closing. Unrepresented buyers could potentially be taken advantage of, and some lenders won’t allow a buyer to include money for a buyer’s concession. 

~ Some agents will knowingly or ignorantly be guilty of steering their buyers towards properties that will offer a buyer agent compensation.

~ Some boneheaded listing agents will pressure their sellers to offer x amount to a buyer’s agent.

~ Buyer’s agents might end up working for free.

~ Sellers will lose money.

While the above may happen, there are some positives in the sky-falling free-for-all the real estate world currently feels like.

~ All prospective buyers must now sign some sort of agency agreement to even tour a home. This protects the agent who is showing complete strangers an empty house and clearly spells out the details of the client relationship with the buyer.

~ If done correctly, this arrangement should provide transparency to the buyer about their possible financial responsibility.

~ Crappy real estate agents will be weeded out. Harsh, I know, but there are a lot of those, which is why we’re in that situation.

So to my real estate colleagues, buck up, little campers, it’s just an acorn, not the sky that’s falling. Let’s tackle this new challenge head-on holding on to our ethics, our sanity, and our whiskey bottles.

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Real Estate Drama: NAR’s Big Settlement Fiasco – Fact vs. Fiction

If you are a real estate agent, buyer, seller, investor, casual perusaler (ok, not a real word) of real estate, or just haven’t had your head under a rock these few months, you’ve seen the big news regarding NAR (National Association of Realtors). Last March, NAR announced that they had reached a settlement agreement to resolve litigation brought by home sellers related to broker commissions. Once that story broke, the media had a field day with misinformation. Agents everywhere began profusely sweating and drinking heavily.  So, facts first:

1. NAR is required to pay out $418 million over the next four years.

2. NAR agreed to create a new MLS rule prohibiting compensation offers on the MLS (Multiple Listing Service). 

3. NAR also agreed to create a new rule requiring MLS participants working with buyers to enter into written agreements with their buyers before the buyer tours a home.

When the news came out, media outlets everywhere began distributing disinformation. Yahoo, NBC, and Joe Biden himself all had something to say, and what they said was largely untrue. 

It was falsely reported that prior to the settlement, real estate commissions were a required and fixed amount of 6%, with 3% going to the listing agent and the additional 3% to the buyer’s agent. Further reporting insinuated that the commissions were legally mandated and set by the National Association of Realtors, the government, or even the Grand Poobah of Greedy Real Estate Professionals Everywhere—whoever that is. 

The truth is that commissions have always been negotiable, not required. Sure, 6% became the industry standard, but it was not the industry requirement. There are many flat-fee agents, brokerages that offer discount services, and even brokerages that specialize in 1% listings.

It has always been well within a home seller’s (or buyer’s) rights to negotiate commission. 

The real problem is crappy agents, specifically listing agents, who do not do a good job of communicating details to their clients. Essential things like how much listing their house is going to cost and the fact that while a listing brokerage may have a standard fee that they charge, those fees are not some mandated amount that can not be negotiated. 

As an agent, disclosure and accounting are part of our fiduciary duties. So, instead of holding those agents responsible for neglecting their fiduciary duties, what was once a pretty transparent process has now been convoluted. 

How? I’m so glad you asked. Let’s compare the new process to the old. Grab yourself another cup of coffee (or a shot of whiskey), and stick with me.

1. Listing process/listing agreement. 

Pre-NAR ruling: When listing a property with a brokerage, you must sign a listing agreement that discloses all the deets and allows that brokerage to sell your property. One of its most important parts is disclosing how that brokerage gets paid. Previously, and depending on your state, that information was a paragraph that included a place for total commission collected at closing and then a place that discloses how that commission might be split between buyers and sellers agents. Again, commissions have, and always have been, negotiable. However, it was typically expected that the seller’s agent would pay the buyer’s agent for bringing a buyer. 

Post NAR ruling: 

Truthfully, we don’t know yet how commissions will be addressed. I believe there will be a place for the listing commission and perhaps another place for the seller to offer a buyer’s agent commission.

Or not.

I assume there will be because the settlement does not say that the seller can’t offer the buyer’s agent a commission. Moreover, the suggested verbiage currently being discussed is about as clear as the congressional budget. 

2. MLS (Mulitple Service Listing rules)

Pre-NAR ruling: Listing agents would list the amount the seller was willing to offer the cooperating broker to bring a buyer. It was typically between 1% and 3%, depending on the NEGOTIATED amount.

Post NAR ruling: Seller agents are now prohibited from disclosing any amount of commission that might be offered to cooperating brokerages on the MLS. That line item will be removed from the listing input completely. 

3. Written buyer agreement.

Pre-NAR ruling: I can’t speak for every agent but I ALWAYS required buyers to sign one of these. A written buyer agreement clarifies the difference between being a customer versus a client and lays out the agent’s and client’s responsibilities. It enables the agent to receive commission and, depending on your state, gives the agent exclusivity with that buyer. Meaning the buyer must use the aforementioned agent to buy a house. Most importantly, at least for me, was protection. If a buyer signs that agreement, it means I have personal information, probably a pre-qual letter from a lender, their driver’s license, and the peace of mind that they’re probably not a serial killer trying to lure me to an abandoned house and murder me.

Post NAR ruling: This is now a requirement for agents working with buyers….which….again…I thought was already a thing. However, the new agreements will include a place for the buyers to check if they are willing to pay their agent’s commission out of pocket if the listing agent doesn’t pay it.

This has led to multiple media outlets, who have no actual idea how this works apparently, to claim the ruling is a win for home sellers and will drive down housing prices as real estate commissions are expected to fall 25-50% 

HAHAHAHAHAHAHA!!!

Right. 

I’d like to see some agents convince their sellers to lower their list price by $10,000-$20,000 or more in some cases since they’re not paying a buyer’s agent. Not gonna happen. 

This ruling and the subsequent garbage analysis being tossed around are doing nothing but confusing people, hurting sellers, and marginalizing certain buyers. 

Think I sound dramatic? Lemme tell you why. First, sellers who believe it will help them financially not to offer a buyer agent a commission will do nothing other than limit their buyer pool. First-time homebuyers, who make up more than 50% of the market, will be disadvantaged. Most have saved up for a down payment, closing costs, and inspection fees. They don’t have the extra $10,000 plus to pay an agent. So those buyers probably aren’t going to come through Mr. Seller’s doors. The house may sit longer on the market, requiring multiple price drops and leaving the seller with less money than if he just offered compensation to the buyer’s agent.

Some first-time homebuyers will also have fewer choices if they don’t have extra money to pay a buyer’s agent and have instructed their agent only to show them properties offering a buyer’s agent commission. Other buyers will lose out on properties in competitive markets. Yet other buyers may find themselves trying to navigate the process on their own, and becoming unfairly taken advantage of.

How many lawsuits will come out of this? 

I’m not a betting woman, but I might take this one. 

Unfortunately, I believe we will see an increase in significant issues in areas that have been unproblematic for years. This NAR ruling forces good agents to walk a very thin tightrope in providing our clients with the fiduciary duties they are sworn to perform as members of the National Association of Realtors.

Stay tuned for some fallout. 

Meanwhile, I intend to continue giving each client my very best.

Just with a little more paperwork and a lot more coffee.