To Buy or to Build– That is the Question!

Financing a custom home

Happy days are here again as the housing market continues to recover from the Great Recession. Since April, 2012, there has been a 25.4% increase in American home sales. This is excellent news for our overall economy, and for homeowners and prospective home buyers as well.

Of course, nearly three quarters of all U.S. homes were built before 1990, meaning that a number of them are rundown or outdated. This is not a positive trend when it comes to the continuing appreciation of home values. However, new home builders have seen an upswing in the creation of custom homes recently. As of 2013, approximately 711,000 new custom homes in the U.S. had completed the building process.

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