insider 02_16_2018
Photo Source: Instagram via @bhg.homeservices

January knows how to kickstart 2018 with a bang for housing. Both, Housing Starts and Permits posted very strong numbers, beating expectations. Housing Starts were up almost 10%, greatly surpassing the predicted 3.4% gain. Housing Permits were up 7.5%, a 10.5-year high. No wonder builder confidence for February remained at a high of 72. Good news: the rise in construction will help tame the rise in home prices we’ve seen but not so much for homeowners to miss out on leveraging their home equity.

Grand Rapids and Detroit scored the No. 3 and No. 13 spots, respectively, on best cities for first-time homebuyers. Growing economies and affordable housing are the two key factors. Denver, CO was named most challenging city for first-time homebuyers.

Hall Financial (NMLS #1467435) was formed in early 2016, founded on a common mission: to be the most client focused mortgage company in the industry’s history. We were going to stop the trend of treating homeowners and homebuyers as transactions and instead, welcome them as family. We were going to treat them like the queen of England. Here, we bring you up to speed and keep you in the know with the latest housing news, home trends, and more!

0 comments on “Fun Housing Fact Friday.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: