Housing starts, although falling acutely in December, were bold enough and remained so at the end of 2013 to earn “the best since 2007” statistic. In 2007 starts totaled nearly 1.4 million. November starts levels were the highest of the year at 1.1 million but was then followed by souring December numbers that fell 9.8%
In the last housing boom, borrowers accepted loans they couldn’t afford. This was a widespread practice in the lead up to the financial crisis. And so it’s of no surprise that new mortgage rules were created and are now in effect. Perhaps the new rules are somewhat common, good sense but it seems the lending
- Published in Buying a Home
Last updated by Fran Brunelle at .
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More About Fran Brunelle
Fran Brunelle is an industrial auctioneer with almost 20 years experience, a manufacturing business broker, licensed real estate broker specializing in industrial properties, a real estate auctioneer, certified appraiser and author.
More About Therese Yacenda
Therese Yacenda cultivates the social media at AcceleratedRe, Inc., regularly contributes to the blog and composes the monthly newsletter, putting out information to empower the Manufacturing Industry.