Los Angeles/Riverside Selected as Pilot Market for American Dream 2021: Showcase of Smart Homes
House X provides "smart mortgage", free air purification and free renewable energy for home buyers
LOS ANGELES, January 26, 2021 (Newswire.com) - House X today announced Los Angeles/Riverside as one of the 21 Pilot Markets to launch the American Dream 2021, expanding home ownership; featuring over 40,000 new, healthier, energy-efficient homes across the country valued at over $18 Billion with up to $364 million in stimulus by providing home buyers free renewable energy and a discounted mortgage.
The virtual home buying event is limited to selected markets in the United States--admission is free to consumers. Free stimulus incentives apply to all contracts executed from January 27-April 15, 2021 for registered home buyers.
The Los Angeles/Riverside Area Pilot includes:
- Over 1,192 new homes in over 290 communities with 149 homes ready for quick move-in
- Renewable electricity at zero cost to registered home buyers
- 1% discounted mortgage for the first 12 months, followed by either 14 or 29 years of fixed-rate record low mortgage rate on FDA conforming loans
- Potential reduction in carbon emissions--equivalent of removing 2,622 gas-powered cars off the road per year
- Potential free stimulus for renewable energy= $12.98 million going back into the local economy
Experts Available for Interview:
- House X: William Farrell, President
- Delos: Paul Scialla, CEO and Founder
- RESNET: Ryan Meres, Program Director
- The MReport: Rachel Williams
WHY: The purpose of the event is to expand home ownership by educating consumers on the advantages of smart, healthier, sustainable homes that are more efficient, lower carbon footprint and less expensive to own, operate, protect and maintain - lowering total cost of ownership. The home is more important than ever since the onset of the pandemic and the trend was a highlight at CES with smart home technology with a focus on hygiene, cleanliness, energy-efficiency and sustainability.
- The Smart Mortgage™: House X has partnered with a leading mortgage lender to create a special below-market mortgage; a one percent discounted mortgage for the first 12 months of a 15- or 30-year fixed rate conforming mortgage.
- The Healthier Home: In collaboration with Delos, every home buyer will receive a multi-room advanced air purification system for their new home upon move-in, helping reduce particles that carry airborne bacteria, viruses and allergens.
- The Location Report™: Nothing will impact the financial picture of a home as much as its location. With custom insights available nowhere else, the House X Location Report reveals 300+ insights about any address in America. It is free to registered home shoppers.
- The RESNET Home Energy Rating System (HERS) Index is the nationally recognized system for inspecting and calculating a home's energy performance. Similar to a MPG sticker for cars, except for new homes.
WHEN: American Dream 2021 Pilot Program will include free stimulus incentives on fully executed purchase contracts between January 27 - April 15, 2021.
WHERE: American Dream 2021 is limited to home purchases in selected pilot cities available on houseX.com.
Los Angeles/Riverside Area
San Diego Area
About House X:
House X World is a consumer-focused Smart Home Marketplace that empowers home enthusiasts with data and resources to make more informed decisions while making their home purchase and investing on the consumer's behalf to make a home a smart home at zero cost to them. HOUSE X companies are consumer advocates and licensed realty organizations that exclusively represent home shoppers and buyers - not home sellers. The company serves as the primary manager of American Dream Pilot Project. The executives of House X have over 40 years of experience in representing builders, developers, Federal, State and local governments.
Source: House X