Staying informed about shifts in credit conditions is so important for anyone thinking about building or investing in residential real estate in our area. According to the NAHB, credit has now tightened for residential land and construction loans for the 18th consecutive quarter—meaning lenders are requiring more personal guarantees. Interest rates for land loans are up, while rates for single-family construction have dipped just a bit. Across the board, though, initial points have increased. With more than 26 years helping families buy, sell, and invest in Hinesville and the surrounding communities, I keep a close eye on these trends so my clients are prepared for every step, whether you’re building your dream home or exploring investment opportunities.
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