The Washington Post reports that lenders are now offering large mortgages with the same interest rates, and sometimes better, as smaller ones.
This is causing sales of homes priced $1 million or more to soar while lower-priced properties lag, further widening the inequality gap of the economic recovery. Homes selling for at least $1 million fell in 2008 when the financial crisis hit, but the segment recovered faster than the rest of the market within the past two years.
Delaware-based Schell Brothers, our 2023 Builder of the Year, brings a refreshing approach to delivering homes and measuring success with an overriding mission of happiness
NAHB Chairman's Message: In a challenging business environment for home builders, and with higher housing costs for families, the National Association of Home Builders is working to help home builders better meet the nation's housing needs
Sure there are challenges, but overall, Pro Builder's annual Housing Forecast Survey finds home builders are optimistic about the coming year
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