Watch for this in a new home subdivision coming your way… and maybe even in a few future phases of developments currently that are in a stalled status.
Al least one large national builder is now offering 2BD/1.5BA two story homes of this size with a one car garage at this price point. Imagine… principal and interest on a 30 year fixed mortgage at today’s rates with 5% down will be under $350.00 a month.
Would they sell? Certainly seems as if young first time buyers now renting for upward of $450.00 a month more would have an interest, as well as seniors were these homes to be in a well regulated deed restricted community.
Time will tell…