Barndos (or barndominiums) are a blend between barns and condominiums. The building method is likely exploding in use due to its cheaper and faster construction process, partially due to its more affordable materials. Estimates put barndo construction at $30-40 per sq. foot, compared to traditional homes’ $100-200 range. With housing prices increasing, this alternative becomes increasingly appealing, though the cost savings on materials are most substantial when building larger homes.

Saudi Arabia’s “Vision 2030,” rolled out in 2016, calls for heavy investment in the nation’s real estate development. With $250 billion already invested since its announcement, the market has no signs of slowing down. The volume of residential units planned has grown 30 percent over the past 12 months to 660,000 units, attracting many potential (foreign) buyers’ eyes. As the world’s fastest-growing major economy, this investment is just one of many in the country’s efforts to receive 100 million tourists by 2030.

A rate buydown allows a borrower to obtain a lower interest rate by paying discount points at closing. Discount points, also referred to as mortgage points or prepaid interest points, are a one-time fee paid upfront. Regarding discount points, the interest rate is lower for the loan term. Since mortgage rates are expected to continue rising, many buyers want to protect themselves against future hikes, even at the cost of a higher up-front payment.