The explicit shortage of new homes for sale has made the San Diego housing crisis even worse. This scarcity in supply has greatly contributed to the sky-high home price in the region.According to the recent study conducted by the San Diego Regional Chamber of Commerce, the shortage would Read more
May Construction Spendings Remain Fairly Steady
Total construction spending in May 2017 amounted to $1,230.1 billion according to the U.S. Census Bureau. This is nearly the same as April’s total spendings with a revised estimate of $1,239.4 billion. The May 2017 spending is above the recorded $1.17 billion rate in May of 2016. Report Read more
How Much Does it Cost to Build a Home?
Finding a home that is perfect for you can feel like searching for a needle in a haystack. You might find homes with some features you love, but others that you hate. Do you have to sacrifice? The answer isn’t as cut and dry as you would hope. Honestly, it is a personal decision. You have the option Read more
Construction Loan 101
Many individuals dream of building their own dream homes. Unfortunately, not all has the money to pay for house construction in cash. Getting a mortgage directly is difficult since lenders cannot place their investment in a property that is not even yet in existence.Good thing a construction Read more
Refinancing a Construction Loan
A construction loan is a favorable loan option for those who want to build a new home or renovate an existing property. These specialized loans are short-term and usually paid interest-only during the loan term which is typically a year at maximum.The proceeds of a construction loan are not Read more
