Elderwood Village will become available as you progress through the story and has apparently been taken over by the Poddington Peas. And they're all called Leafe. You can buy a holiday home here, various bits of furniture, and weapons and armour from the couple of Life Shops.
Woodcutter Life Shop
The Woodcutter Life Shop will offer more items for Master rank Woodcutters.
Weapons, Armour and Furniture Shop
General Goods Shop
Beavus' Carpenter Life Shop
Beavus will have additional items for sale for Master rank Carpenters.