Goldman Sachs agrees to pay $3.15B in FHFA suit

Goldman Sachs agrees to pay $3.15B in FHFA suit

Settlement will resolve RMBS claims

It's settled: Principal reduction is smart policy

How the BofA settlement opened the door

Pavaso CEO: CFPB eClosing mortgage pilot “historic event”

Makes buying a home easier for all Americans
W S
The Ticker

Homebuilders lure buyers with extra incentives

construction of new home
/ Print / Reprints /
| Share More
/ Text Size+

Due to rising home prices and higher mortgage rates, homebuilders have stepped up their games to stay competitive. Builders are now trying to lure buyers with extra incentives. The Wall Street Journal explains:

Upgrades can include free appliances, blinds, premium flooring or garage-door openers. Also growing in popularity are financial carrots such as paying buyers' closing costs, covering some of their down payment or paying to reduce their mortgage's interest rate for a year or two.

"I think there is a weakness in the market right now," said Mark Ward , managing partner of ForeverHome LLC, a closely held home builder in Raleigh, N.C., set to construct roughly 400 homes this year. "Everybody's giving more incentives today than they were in the summer."

Source: WSJ
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus