LenderLive’s CEO called the deal “a win-win for everyone involved”
Thousands of homes in six counties would be at risk
Back in the middle of this decade, new construction sales surged as we experienced one of the hottest housing markets of the past century. It seemed that there was a buyer for any and every home built. The last three years has shown us the exact opposite. Calculated Risk reports new construction sales in 2011, 2010 and 2009 were the lowest since 1963.