Build, baby, build!

by |
Mortgage loans for new construction properties can be difficult to arrange. The challenge becomes even greater when you consider that first-time buyers and real estate investors are the ones who tend to scoop up these properties. But mortgage brokers need to be prepared for whatever deal comes their way – and right now, new construction is hot.


Click image to enlarge

The market for new builds is impacted by a number of factors. For starters, a higher inventory of new-build projects in the past generally yields fewer starts as buyers take possession of the since-completed properties and builders re-evaluate the market. Jobs data – particularly unemployment figures – also plays a part, as people with a regular income are more likely to purchase homes.






Finally, property price determines whether a buyer will choose a resale property or a brand new one.

 

Broker news forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Name (required)
Comment (required)
By submitting, I agree to the Terms & Conditions