Summary
If a builder offers all sorts of incentives and "special" deals to persuade you to buy, check out you aren't paying for all these extra "perks" in the shape of a higher asking price.
Rising mortgage rates and stricter terms for borrowers are beginning to worry new home buyers, says the latest Housing Market Report (HMP) from the Home Builders Federation.See the full content of this document
Extract
Rising Rates Check Demand for New Homes
The report says builders reported fewer site visitors and net reservations in June this year than in June 2006...
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