The housing market has leaped head first into recovery mode. March’s housing numbers show that the S&P Case-Shiller Index is rising more quickly on an annual basis than it has since 2006, existing-home sales have experienced 12 months of year-over-year price increases and new home sales are 29% higher than they were a year ago.
A new survey by PulteGroup shows that the housing market will continue its upward trend. The study interviewed renters between the ages of 18 and 34 (otherwise known as generation Y or millennials) and found that 65% of respondent’s intentions to buy homes had increased over the past year. 52% of millennials indicated a desire to own and build equity.
There are around 90 million millennials living in the United States, making them the largest demographic group in the county’s history – an onslaught of this group into the housing industry could create a boom larger than anything the U.S. has ever seen before.
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3124 Charring Cross, Plano
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The FHA 203(k) loan is intended for qualified buyers who want to purchase a home that may require some updates or for homeowners who want to refinance their mortgage and make physical upgrades to their home. This specialized program allows buyers to borrow the purchase price of the home, plus money for renovations, all with the convenience of a single loan and closing. The FHA 203(k) loan can cover a variety of upgrades, including health and safety related improvements, enhancing and expanding living spaces, or making repairs to damaged systems within the property. The FHA 203(k) loan is offered nationwide to owner-occupant homebuyers. Kimberly Davis is experienced with a variety of loan options to meet the needs of every buying experience in Plano, Frisco, McKinney, Allen, Richardson, Prosper, Dallas and surrounding cities of North Texas. For more information, visit us at: http://www.KimCan.com
Short Sales, an excellent option to avoid foreclosure and salvage your credit. The two most common problems that can derail a short sale are incorrect and incomplete document submissions. It is imperative that you work with an experienced agent familiar with the process and requirements of the lien holder. Ask me for details. We are short sale specialists in the Collin, Denton, and Dallas Counties of North Texas. Contact us for more details at: www.KimCan.com