Many hopeful buyers are having a hard time finding the right home due to lack of inventory, a problem that doesn’t seem to be going away. So, we’ve seen an increase in new construction. Having been in the mortgage business for so many years, I’ve picked up on some of […]
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So, you’re thinking that your next house might be a new construction home. What exactly does that entail? Most of the information on the internet pertains specifically to purchasing an existing home, so we’re going to fill in the gaps of what to watch out for. We already covered the […]
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President’s Day marks the beginning of the important Spring Home Buying Season and Monday’s open to the season has the Sellers sitting pretty. Buyers that try low ball offers or waiting to write an offer until they view several homes are learning it will cost them. Low Unemployment Levels (4.9%), rising […]
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Existing Home Sales have been on a tear, and would be even higher if it were not for inventory shortages. New Homes are also facing headwinds from a shortage – a labor shortage. Builders claim there is good demand, but they complain they’re handcuffed by a lack of skilled labor […]
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Construction spending rose 1.1 percent, the largest gain since May, to an annual rate of $970.99 billion, according to a new report from the Commerce Department.The upbeat construction data suggests some momentum in the economy early in the fourth quarter, The economy grew at a 3.9 percent annual pace in […]
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