Housing Wire
NOVEMBER 23, 2021
The cost gap also thwarts construction and development of modest homes, limiting the availability of affordable homes for first-time and first-generation homebuyers. Neighborhood Homes creates a tax credit that covers the gap between the cost of construction and a home’s sale price. average — creating much-needed comparable sales.
Housing Wire
JUNE 21, 2023
Currently there are 695,000 single-family units under construction, which is actually 136,000 units below the peak in May 2022. And there are currently 994,000 multifamily units under construction, the highest level since 1973. Single-family construction deliveries, meanwhile, will likely be more muted.
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Will Springer Realtor
SEPTEMBER 12, 2023
The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. We’re just trapped in this equilibrium of low inventory, house prices not coming down, high mortgage rates and current owners who have a strong incentive to just sort of stay where they are and wait this out.” There are 7.4%
Eppraisal
SEPTEMBER 20, 2021
Depending on the mortgage amount, an institution can accrue a significant number of dollars from a borrower. Bureau of Labor Statistics expects nearly 12 million jobs to be added in the decade between 2020 and 2030. The interest rate determines how much a borrower must pay each month for the use of the lender's funds.
Will Springer Realtor
APRIL 11, 2022
Mortgage rates have risen by about 1.6 Rates have a small chance to top out before hitting 5% and a good chance of topping out before hitting 6%,” said Matthew Graham, chief operating officer at Mortgage News Daily. “It An $800,000 mortgage last year at 3% would require a monthly payment of about $3373. BY THE NUMBERS. >>
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