Hagerstown New Homes Have “Lender Appeal”
By Roberto Gonzalez, Hagerstown Commercial Real Estate
(RG Realty Inc)
Hagerstown New Homes Have “Lender Appeal” Newly built homes may make up a relatively small part of our overall housing market, yet I think Hagerstown homeowners have to be encouraged by the trends we are seeing. This Month, the National Association of Homebuilders reported that construction spending has turned up (“A Housing Recovery is Gathering Steam”) after its long slide. In August, the Commerce Department reported that overall sales have jumped 25% over the past twelve months. So far, so good. Yet it’s still true that many observers (I’m one) think that these encouraging numbers would be a lot better if it were easier to finance home purchases…particularly for previously occupied homes. New homes have an advantage right now in this department. At a time when obtaining financing c...
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