According to an article written by Matthew Graham for Mortgage News Daily “Adults who are old enough to remember 1994 have always had an ace in the hole when it comes to today’s young whipper snappers complaining about abrupt spikes in mortgage rates. Sure, even older adults have the first few months of 1980, but 1994 was a more compelling example because it wasn’t part of the once-in-a-lifetime inflationary spike. As such, it is a more worthy comparison to any modern example of rate volatility. As of today, the race between the first few months of 1994 and 2022 are neck and neck in terms of damage done to mortgage rates in a short amount of time.”
All posts tagged: New Homes
Builder Confidence Index Matches All Time Record High
The Builder Confidence Index has been in existence for 35 years as a gauge of Builders confidence in the future of single-family home sales. The Index matched the all time record high from 1998.
Residential Construction Improves
According to industry reports September and October reflected an improving residential construction industry, with an expectation that the trend will continue through year-end.
The Tiny Home Trend – Things To Consider
As pricing for home purchase or renting a home or apartment have continued to rise over the past few years, many potential buyers are turning to the Tiny Home Trend as a more affordable alternative.