This week in housing news you can use, construction booms, interest premiums stay put, and real estate agents find a home in an unfortunate series. Continue reading Construction, Premiums and Unfortunate Events
Housing news 10-17-16
This week in housing news you can use, immigrants buy more homes, buyer confidence slips, and one agent tells frozen buyers to “Let it Go”. Check out these magical real estate stories and more! Continue reading Frozen Sellers, Cautious Buyers and the American Dream
Housing markets across the country are in need of affordable housing. Builders want to grow that sector, but they can’t. The reason? Rising regulatory fees.
The National Association of Home Builders’ latest study shows that, on average, government regulations account for 24.3 percent of the final house price. The disposable income per capita rose 14.4 percent between their 2011 and 2016 surveys, but regulation costs have risen more than twice as fast. Builders say they simply can’t build single-family homes that fall below FHA loan limits in many counties.
When it comes to buying a home, your credit should be the first thing you check. It will be a major factor for home loan (mortgage) approval and terms.