Cranbrook Macomb Office Center
Executive and Virtual Office Suite Business Center in Macomb County Michigan
Despite complaints about labor, lot, and material shortages, builders needed no more time to build a home last year than they did in 2016. The time did increase compared to 2015 by about two weeks. Using data from the Census Bureau’s Survey of Construction (SOC), the National Association of Home Builders (NAHB) concludes that the average time …
Continue reading “Permit to Completion – Builder Timeline Depends on Where and Why”
Persons who buy or refinance a condominium using a Freddie Mac mortgage may soon be able to skip having a traditional on-the-ground appraisal. The company announced on Thursday that condos will soon be eligible for its automated collateral evaluation (ACE) appraisal waiver. The program, which has been available for single-family purchases and refinances since 2017, gives eligible …
Continue reading “Freddie Mac Extends Appraisal Waivers to Condo Loans”
(Most of this newsletter lays out a counterpoint to the fairly dominant theme of “higher rates in 2018.” Please note: this is just the bright side of the debate. There’s still a dark side, but we’re giving it the week off for Spring Break!) It’s no secret that late 2017 and early 2018 were anything …
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