HIGHLIGHTS:

Square Footage:5,621

Bedrooms: 4

Bathrooms: 4 Full/ 2 Half

3 Car Garage

2 Story

FEATURES:

Craft, Wet Bar, Covered Patio, Game Room, Study, Sunroom

Rates on Development and Construction Loans Continue to Climb May 26, 2023
While mortgage rates were stabilizing in the first quarter of 2023, rates on loans for Acquisition, Development & Construction (AD&C) continued to climb, according to NAHB’s quarterly Survey on AD&C Financing. From the last quarter of 2022 to the first quarter of 2023, the average effective rate (based on rate of return to the lender […]
Apartment Absorptions Slightly Weaker in Fourth Quarter of 2022 May 25, 2023
Data from the Census Bureau’s latest Survey of Market Absorptions of New Multifamily Units (SOMA) indicates that multifamily market demand has softened as the percentage of apartments absorbed within the first 3 months of completion fell to 59.0% after six consecutive quarters of above 60.0% percent absorption. The absorption rate of unfurnished, unsubsidized apartments (the […]

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