One-Time Close loans are a game-changer, offering unprecedented flexibility. This is especially valuable for first-time homebuyers who are often faced with a rigid financial landscape.
Let's examine how rising construction costs affect new home building and remodeling decisions and how they influence the decisions of both potential homebuyers and existing homeowners.
Could a new build be the best way for you to start your journey to homeownership? This overview of how to build a home can help you decide if this path is right for you.
A One-Time Close loan has many benefits for homebuyers, especially those who want to build the home of their dreams themselves.
It's clear that the pandemic drove a change in how people used their houses, with more people using their houses as their offices, home gyms, and more. That shift led a number of people to look for larger houses to accommodate their new normal. And as a result, newly built homes are increasing in size to address that demand.
Construction of new single-family homes is up in 2021 compared to last year, but a new report shows that construction could be even higher than it is now if supply is able to keep up with demand.
Back in August, the demand for new homes rose for the first time since March. The increase was short-lived as demand then fell in September. However, a new report shows that demand bounced back in October.
It was much the same song when it came to home prices in August; they just keep going up and up and up.
Over the last few months, new home sales have stemmed the tide that saw sales decline in April, May, and June. But the modest increase seen in July and August's continued improvement doesn't hold a candle to what happened in September.
It appears that new home sales have fully shaken off the period of declines that saw sales drop in April, May, and June. That streak ended in July when new home sales held steady. And things got even better in August.