Is real estate “Plan A” back in play?

I may have just found the perfect lot to build!

real estateThat’s right! For those of you that have been listening for a while, you know that my original plan was to build a new home specifically to beat the rising cost of buying existing or new homes and make it a great long term real estate investment. I had some very specific criteria and over the last couple of years, I have found exactly two lots that fit the bill. The first one sold within 48 hours of being listed (unheard of for lots) and the second has been on the market here for a couple of weeks. I looked at it today and it has me seriously circling around back to my Plan A!

We will also talk about updates relating to 1% down loans, interest rates, refinancing and how much home prices have gone up over the last year!

Todays Links:

  • https://www.housingwire.com/articles/41225-corelogic-home-prices-jump-67-annually-in-july
  • https://www.housingwire.com/articles/41233-mba-refinance-applications-now-make-up-half-of-all-mortgage-applications
  • https://www.housingwire.com/articles/41245-freddie-mac-mortgage-rates-hit-another-new-low
  • https://www.housingwire.com/articles/41235-uwm-1-down-mortgages-are-still-alive-and-well
  • http://austin.culturemap.com/news/real-estate/09-06-17-wallethub-best-worst-real-estate-markets/

 

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