New Home Mortgage Applications Up Sharply Over Last Year
Applications for new home mortgages in Georgia and around the country were up nearly 34% in August when compared to a year earlier, according to a recent report. Despite the continuing Covid 19 pandemic and ongoing economic uncertainty, the housing market remains strong. Real estate market experts cite low home mortgage interest rates, a job market that is slowly beginning to recover, and home buyers' need for more space as more workers decide to work from home permanently.
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