There’s no arguing it, affordability is still tight.
People Want Less Expensive Homes – And Builders Are Responding
In today’s housing market, there are two main affordability challenges impacting buyers: mortgage rates that are higher than they’ve been the past couple of years, and rising home prices caused by low inventory.
New Home Sales In Lake Orion Near 10 Year High
“positive reports show there is a need for new single-family homes…” New-home sales jumped to the highest level in nearly a decade, with sales of new single-family homes climbing 12.4 percent month-over-month and reaching a seasonally adjusted annual rate of 654,000, the Commerce Department reported Tuesday. That marks the highest level since October 2007. Low […]
Builders In Metamora Want To Bring Back Small Town Living
“picture Mayberry with high-speed Internet…” Builders are creating housing developments that offer a small town feel — which they believe many buyers are seeking in a community nowadays. A growing number of traditional neighborhood developments are looking to recreate village life, offering up old-style communities with “leafy streets of historic-looking homes with porches and sidewalks, […]