^^ that article is about a different market area.... but yets, building has slowed some... but in actuallity it is more "normal" now. We have had a boom in building the last 5 years... now we're just slowing to more normal growth. Hopefully prices will stablize a little... (and mortgage rates stop rising)
Quote:
Originally Posted by 2point2
being completely out of debt will help too.  |
That reminds me... get rid of your credit cards if you have more than 2... that's too many.
One Visa, one mastercard is good.. and then call them if your credit rate is high. Keep it around 5,000 is best for new home buyer.
The reason is... the amount of credit available to you counts as potential debt in the lender's eye.
(Man.. I should do as I say and get rid of some of my credit cards... I got good advice, I just need to follow it myself now)
Good Luck, keep learning!