Paces Funding provides funding for residential new construction projects. These can be urban infill projects or suburban newer neighborhood projects. Banks today are not typically lending for new construction even though there is purchase demand for this product. Contact Paces Funding to learn more details about our new construction lending program.
It's still stiff competition for homebuyers across the country as bidding wars and all-cash offers continue to price-out many in search of a new residence. In an article on current housing market conditions published by Bloomberg in late September, we found seven key takeaways and summarized them for you here.
If you thought last year’s home inventory was scarce, this year the pickings are even slimmer. Currently, the number of listings for available homes is about half of what it was last year, according to realtor.com. Increasing housing demand and ever-decreasing inventory continue to result in bidding wars and rising
Currently, the number of listings for available homes is about half of what it was last year when inventory was already low, according to realtor.com. Increasing housing demand and ever-decreasing inventory continue to lead to bidding wars and rising prices in many states across the country. In mid-January Fannie Mae’s