There is a disconnect between where homebuilders are building and where millennials want to live. NAHB predicts in their 2019 third quarter Home Building Geography Index (HBGI) that in the coming decade, 67 % of all millennials will be living in counties where housing construction has lagged.
Topics: Construction Loans, millennials, building a new house
According to the National Association of Realtors (NAR), thirty percent of people born between 1980 and 2000 are buying homes for $300,000 and above this year, skipping the starter home and purchasing their dream home as their first home.
Topics: Construction Loans, building a new house, new home, single close construction loan
Existing home sales slipped 0.7 percent in July according to the National Association of Realtors (NAR) but moderately-priced properties are still being snatched up quickly by buyers. If you are still having trouble finding your dream home, maybe it’s time to think about building your dream home.
Topics: Construction Loans, building a new house, new home, single close construction loan
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GO Mortgage is a DBA of GSF Mortgage Corporation, NMLS ID #1018, NMLS Consumer Access
