Relaxed lending standards provide some with hope
According to Dallas News, the National Association of Realtors say higher mortgage rates in 2015 “won’t put the brakes on home sales.”
Current 30-year home financing costs are about 4 percent, and Chief Economist of the National Association of Realtors Lawrence Yun predicts mortgage rates will rise to 5 percent next year and to 6 percent in two years. Dallas News reports that long-term home finance rates have averaged about 6 percent over the last decade.
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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