NAHB: Home Prices Rose $14K Since April Due to Lumber Costs

Written by Florida Condotel Mortrgage on August 26, 2020. Posted in Florida Condotel Mortgage.

The average price of a new home has risen over $14K in four months due to the cost of softwood lumber. Builders want more U.S. production and lower Canadian tariffs. #floridacondotels #floridacondotelmortgage #floridacondotelfinancing

#floridacondotels #floridacondotelmortgage #floridacondotelfinancing

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Rates posted assumes 25% down payment, and an ARM and fixed rate first mortgage on a Florida condotel, secondary residence. Additional required amounts such as taxes, insurance, home owner association dues, assessments, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions.

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