Homebuilders Show Housing Recovery Hasn’t Crumbled Yet
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Homeowners would not face a repayment obligation until they sell the property or otherwise stop using it as a primary residence. For a family of four, Scheel said the maximum annual income for eligibility would be in the $52,000 range. Half of the housing rehabilitation grant dollars can be put to use anywhere in the county, while the remaining half must be put to use around population centers such as Petoskey, Harbor Springs, Alanson, Mackinaw City, Pellston and/or Levering, Scheel said. The housing rehabiliation program has been offered in Emmet County during most years since 1994.
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KB property management maryland Home CEO Jeffrey Mezger described the housing recoverys fundamentals as firmly in place, supported by low inventory levels, an improving economy and positive demographic trends. Even if mortgage costs do rise, Mezger says, the result would only be temporary. Similarly, Lennar CEO Stuart Miller admitted his company might see bumps along the road that may impact the short-term pace of the recovery, but he sees a long-term outlook that remains extremely bright. Another welcome sign was the increase in home prices reported by the two homebuilders. KB Home said overall selling price rose 22% to $299,100, and it delivered 6% more homes.
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