Wednesday, February 25, 2015

Financing Condos Remains a Big Hurdle For Home Buyers

 Financing Condos Remains a Big Hurdle For Home Buyers
Strong Townhouses and Condos Market: Townhouse construction was back on the rise in 2014, as home buyers show an increasing appetite for this type of housing once again. Single-family attached starts totaled 19,000 in the fourth quarter of 2014 – 12 percent higher than a year prior, according to Census data. For all of 2014, townhouse construction starts totaled 72,000, up from 68,000 starts in 2013. Home Sales Off to a Bumpy Start in 2015: Existing-home sales dropped in January to the lowest rate in nine months, latest housing report, read more.

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